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Canadian National Railway

771 hedge funds and large institutions have $49.4B invested in Canadian National Railway in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 245 increasing their positions, 288 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.68% more ownership

Funds ownership: 68.53%69.2% (+0.68%)

3% less funds holding

Funds holding: 791771 (-20)

10% less capital invested

Capital invested by funds: $55B → $49.4B (-$5.63B)

15% less repeat investments, than reductions

Existing positions increased: 245 | Existing positions reduced: 288

15% less funds holding in top 10

Funds holding in top 10: 4639 (-7)

17% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 75

38% less call options, than puts

Call options by funds: $91.7M | Put options by funds: $147M

Holders
771
Holders Change
-20
Holders Change %
-2.53%
% of All Funds
12.24%
Holding in Top 10
39
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-15.22%
% of All Funds
0.62%
New
62
Increased
245
Reduced
288
Closed
75
Calls
$91.7M
Puts
$147M
Net Calls
-$55.4M
Net Calls Change
-$16.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$487M +$11.2M +97,818 +2%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$451M -$74.4M -648,273 -13%
Connor, Clark & Lunn Investment Management (CC&L)
28
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$446M -$71.7M -624,784 -13%
JP Morgan Chase
29
JP Morgan Chase
New York
$416M -$23.6M -205,813 -5%
Toronto Dominion Bank
30
Toronto Dominion Bank
Ontario, Canada
$364M -$2.12M -18,467 -0.5%
T. Rowe Price Associates
31
T. Rowe Price Associates
Maryland
$342M +$157M +1,370,294 +77%
Arrowstreet Capital
32
Arrowstreet Capital
Massachusetts
$323M -$69.7M -607,393 -17%
HL
33
Harding Loevner
New Jersey
$321M -$7.72M -67,304 -2%
Morgan Stanley
34
Morgan Stanley
New York
$312M +$115M +1,000,244 +53%
Artisan Partners
35
Artisan Partners
Wisconsin
$273M +$290M +2,523,300 New
SC
36
Scotia Capital
Ontario, Canada
$261M +$2.75M +23,988 +1%
Geode Capital Management
37
Geode Capital Management
Massachusetts
$225M +$7.03M +61,243 +3%
TWC
38
TD Waterhouse Canada
Ontario, Canada
$222M +$6.73M +58,643 +4%
MBI
39
Montrusco Bolton Investments
Quebec, Canada
$215M +$1.94M +16,880 +0.9%
Swiss National Bank
40
Swiss National Bank
Switzerland
$206M -$28.9M -252,100 -12%
Canada Pension Plan Investment Board
41
Canada Pension Plan Investment Board
Ontario, Canada
$182M +$11.1M +96,360 +6%
Royal London Asset Management
42
Royal London Asset Management
United Kingdom
$172M +$4.29M +37,405 +2%
Goldman Sachs
43
Goldman Sachs
New York
$169M -$30.1M -262,332 -14%
AIMCA
44
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$162M -$1.3M -11,304 -0.8%
LWCFA
45
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$161M -$824K -7,184 -0.5%
Russell Investments Group
46
Russell Investments Group
United Kingdom
$158M -$4.6M -40,098 -3%
Principal Financial Group
47
Principal Financial Group
Iowa
$158M -$23.3M -202,900 -12%
Franklin Resources
48
Franklin Resources
California
$156M -$17.4M -151,363 -9%
Bank of America
49
Bank of America
North Carolina
$149M +$19.4M +168,950 +14%
APG Asset Management
50
APG Asset Management
Netherlands
$148M -$16.3M -142,145 -12%

CNI Hedge Fund Activity: Q3 2023 in Review

771 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2023, worth a combined $49.4B — down 10% from $55B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of CNI and 62 opened new positions — a net loss of 13 holders — while 288 trimmed existing stakes and 245 added.

The largest buyer was Fidelity International, adding an estimated $678M. The largest seller was Causeway Capital Management, exiting entirely with an estimated $350M sold.

  • 771 institutional investors held Canadian National Railway (CNI) as of Q3 2023, down from 791 in Q2 2023.
  • Funds reported $49.4B of Canadian National Railway stock for Q3 2023, down 10% quarter-over-quarter.
  • 62 funds opened new Canadian National Railway positions in Q3 2023 and 75 closed out, a net change of -13 holders.
  • The largest Canadian National Railway buyer in Q3 2023 was Fidelity International, an estimated $678M added.
  • The largest Canadian National Railway seller in Q3 2023 was Causeway Capital Management, an estimated $350M sold.

Based on aggregated 13F filings for Q3 2023.