We are live on ! Find out more
CNI icon

Canadian National Railway

823 hedge funds and large institutions have $57.4B invested in Canadian National Railway in 2023 Q4 according to their latest regulatory filings, with 113 funds opening new positions, 273 increasing their positions, 268 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 46

21% more funds holding in top 10

Funds holding in top 10: 3947 (+8)

16% more capital invested

Capital invested by funds: $49.4B → $57.4B (+$7.96B)

7% more funds holding

Funds holding: 771823 (+52)

1.11% more ownership

Funds ownership: 69.2%70.31% (+1.1%)

2% more repeat investments, than reductions

Existing positions increased: 273 | Existing positions reduced: 268

37% less call options, than puts

Call options by funds: $89.9M | Put options by funds: $144M

Holders
823
Holders Change
+52
Holders Change %
+6.74%
% of All Funds
12%
Holding in Top 10
47
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+20.51%
% of All Funds
0.69%
New
113
Increased
273
Reduced
268
Closed
46
Calls
$89.9M
Puts
$144M
Net Calls
-$53.7M
Net Calls Change
+$1.65M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Nova Scotia
26
Bank of Nova Scotia
Ontario, Canada
$560M -$113M -1,000,985 -18%
Fidelity Investments
27
Fidelity Investments
Massachusetts
$525M +$1.51M +13,295 +0.3%
JP Morgan Chase
28
JP Morgan Chase
New York
$494M +$9.82M +86,700 +2%
T. Rowe Price Associates
29
T. Rowe Price Associates
Maryland
$485M +$79.8M +704,544 +22%
Morgan Stanley
30
Morgan Stanley
New York
$426M +$57.6M +508,353 +18%
Toronto Dominion Bank
31
Toronto Dominion Bank
Ontario, Canada
$423M +$898K +7,930 +0.2%
Connor, Clark & Lunn Investment Management (CC&L)
32
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$422M -$86.4M -762,832 -19%
Arrowstreet Capital
33
Arrowstreet Capital
Massachusetts
$402M +$24.3M +214,863 +7%
HL
34
Harding Loevner
New Jersey
$359M -$10.7M -94,415 -3%
Artisan Partners
35
Artisan Partners
Wisconsin
$319M +$1.62M +14,300 +0.6%
SC
36
Scotia Capital
Ontario, Canada
$307M +$3.47M +30,624 +1%
Canada Pension Plan Investment Board
37
Canada Pension Plan Investment Board
Ontario, Canada
$296M +$75.3M +665,000 +40%
Geode Capital Management
38
Geode Capital Management
Massachusetts
$278M +$15.7M +138,160 +7%
TWC
39
TD Waterhouse Canada
Ontario, Canada
$261M +$3.04M +26,863 +2%
Bank of America
40
Bank of America
North Carolina
$250M +$70.1M +619,212 +45%
MBI
41
Montrusco Bolton Investments
Quebec, Canada
$231M -$17.1M -151,312 -8%
Swiss National Bank
42
Swiss National Bank
Switzerland
$228M -$8.41M -74,200 -4%
Goldman Sachs
43
Goldman Sachs
New York
$224M +$25.4M +224,148 +14%
Royal London Asset Management
44
Royal London Asset Management
United Kingdom
$201M +$1.94M +17,083 +1%
AIMCA
45
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$196M +$7.17M +63,287 +4%
LWCFA
46
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$183M -$304K -2,688 -0.2%
Principal Financial Group
47
Principal Financial Group
Iowa
$167M -$14.6M -129,154 -9%
Sumitomo Mitsui Trust Group
48
Sumitomo Mitsui Trust Group
Japan
$165M -$3.2M -28,261 -2%
Russell Investments Group
49
Russell Investments Group
United Kingdom
$161M -$19.4M -171,105 -12%
FDCDDQ
50
Federation des caisses Desjardins du Quebec
Quebec, Canada
$157M -$4.55M -40,210 -3%

CNI Hedge Fund Activity: Q4 2023 in Review

823 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2023, worth a combined $57.4B — up 16% from $49.4B a quarter earlier.

Buyers outnumbered sellers: 113 funds opened new CNI positions and 46 closed out — a net gain of 67 holders — while 273 added to existing stakes and 268 trimmed.

The largest buyer was Capital International Investors, adding an estimated $334M. The largest seller was Royal Bank of Canada, cutting an estimated $226M.

  • 823 institutional investors held Canadian National Railway (CNI) as of Q4 2023, up from 771 in Q3 2023.
  • Funds reported $57.4B of Canadian National Railway stock for Q4 2023, up 16% quarter-over-quarter.
  • 113 funds opened new Canadian National Railway positions in Q4 2023 and 46 closed out, a net change of +67 holders.
  • The largest Canadian National Railway buyer in Q4 2023 was Capital International Investors, an estimated $334M added.
  • The largest Canadian National Railway seller in Q4 2023 was Royal Bank of Canada, an estimated $226M sold.

Based on aggregated 13F filings for Q4 2023.