Canadian National Railway
791 hedge funds and large institutions have $55B invested in Canadian National Railway in 2023 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 267 increasing their positions, 279 reducing their positions, and 53 closing their positions.
8% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 53
1% more capital invested
Capital invested by funds: $54.4B → $55B (+$605M)
0.72% more ownership
Funds ownership: 67.81% → 68.53% (+0.72%)
0% more funds holding
Funds holding: 790 → 791 (+1)
4% less repeat investments, than reductions
Existing positions increased: 267 | Existing positions reduced: 279
6% less funds holding in top 10
Funds holding in top 10: 49 → 46 (-3)
26% less call options, than puts
Call options by funds: $111M | Put options by funds: $150M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCI Fund Management
London,
United Kingdom
|
+$497M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$265M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$230M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$181M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$116M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$368M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$219M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$169M |
| 4 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$120M |
| 5 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$111M |
CNI Hedge Fund Activity: Q2 2023 in Review
791 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2023, worth a combined $55B — up 1.1% from $54.4B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CNI positions and 53 closed out — a net gain of 4 holders — while 267 added to existing stakes and 279 trimmed.
The largest buyer was TCI Fund Management, adding an estimated $497M. The largest seller was Massachusetts Financial Services, cutting an estimated $368M.
- 791 institutional investors held Canadian National Railway (CNI) as of Q2 2023, up from 790 in Q1 2023.
- Funds reported $55B of Canadian National Railway stock for Q2 2023, up 1.1% quarter-over-quarter.
- 57 funds opened new Canadian National Railway positions in Q2 2023 and 53 closed out, a net change of +4 holders.
- The largest Canadian National Railway buyer in Q2 2023 was TCI Fund Management, an estimated $497M added.
- The largest Canadian National Railway seller in Q2 2023 was Massachusetts Financial Services, an estimated $368M sold.
Based on aggregated 13F filings for Q2 2023.