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Canadian National Railway

807 hedge funds and large institutions have $40.8B invested in Canadian National Railway in 2025 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 254 increasing their positions, 277 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 49

82% more call options, than puts

Call options by funds: $109M | Put options by funds: $60.1M

11% more funds holding in top 10

Funds holding in top 10: 1820 (+2)

6% more funds holding

Funds holding: 758807 (+49)

5% more capital invested

Capital invested by funds: $38.9B → $40.8B (+$1.98B)

0.51% more ownership

Funds ownership: 66.3%66.81% (+0.51%)

8% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 277

Holders
807
Holders Change
+49
Holders Change %
+6.46%
% of All Funds
9.82%
Holding in Top 10
20
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.11%
% of All Funds
0.24%
New
114
Increased
254
Reduced
277
Closed
49
Calls
$109M
Puts
$60.1M
Net Calls
+$49.3M
Net Calls Change
-$1.96M
Name Holding Trade Value Shares
Change
Change in
Stake
SC
26
Scotia Capital
Ontario, Canada
$380M +$13.1M +136,329 +4%
FDCDDQ
27
Federation des caisses Desjardins du Quebec
Quebec, Canada
$374M +$16.1M +167,287 +5%
Canada Pension Plan Investment Board
28
Canada Pension Plan Investment Board
Ontario, Canada
$357M +$33.2M +345,140 +11%
Goldman Sachs
29
Goldman Sachs
New York
$356M +$9.42M +97,950 +3%
CIBC Asset Management
30
CIBC Asset Management
Ontario, Canada
$348M -$94.2M -979,648 -22%
Connor, Clark & Lunn Investment Management (CC&L)
31
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$303M +$86.5M +899,402 +41%
CF
32
Canoe Financial
Alberta, Canada
$289M +$15M +155,760 +6%
TAM
33
Troy Asset Management
United Kingdom
$288M -$213K -2,218 -0.1%
Bank of Nova Scotia
34
Bank of Nova Scotia
Ontario, Canada
$280M +$13.5M +140,612 +5%
Morgan Stanley
35
Morgan Stanley
New York
$262M +$23.2M +241,222 +10%
BGC
36
Beutel, Goodman & Co
Ontario, Canada
$260M -$117M -1,218,404 -32%
JP Morgan Chase
37
JP Morgan Chase
New York
$232M -$43.3M -450,250 -16%
Bank of America
38
Bank of America
North Carolina
$229M -$39.8M -414,447 -15%
Fisher Asset Management
39
Fisher Asset Management
Washington
$225M +$20.9M +216,963 +11%
QC
40
Quadrature Capital
United Kingdom
$224M +$50.1M +521,605 +30%
HL
41
Harding Loevner
New Jersey
$212M -$14.8M -153,887 -7%
Toronto Dominion Bank
42
Toronto Dominion Bank
Ontario, Canada
$202M +$57.1M +594,135 +41%
TWC
43
TD Waterhouse Canada
Ontario, Canada
$196M +$9.89M +102,886 +5%
Fidelity Investments
44
Fidelity Investments
Massachusetts
$160M -$38.6M -401,357 -20%
Charles Schwab
45
Charles Schwab
California
$156M +$5.01M +52,063 +3%
Swiss National Bank
46
Swiss National Bank
Switzerland
$138M -$13.5M -140,700 -9%
Stifel Financial
47
Stifel Financial
Missouri
$134M -$16.8K -175 -0%
CCMIC
48
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$132M +$22.3M +232,120 +31%
LWCFA
49
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$131M -$8.42M -87,608 -6%
Dimensional Fund Advisors
50
Dimensional Fund Advisors
Texas
$127M +$2.14M +22,234 +2%