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Canadian National Railway
CNI

856 hedge funds and large institutions have $59.1B invested in Canadian National Railway in 2024 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 284 increasing their positions, 292 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

249% more call options, than puts

Call options by funds: $168M | Put options by funds: $48.2M

96% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 45

4% more funds holding

Funds holding: 823 → 856 (+33)

3% more capital invested

Capital invested by funds: $57.4B → $59.1B (+$1.74B)

0.37% less ownership

Funds ownership: 70.31% → 69.94% (-0.37%)

3% less repeat investments, than reductions

Existing positions increased: 284 | Existing positions reduced: 292

11% less funds holding in top 10

Funds holding in top 10: 47 → 42 (-5)

Holders
856
Holders Change
+33
Holders Change %
+4.01%
% of All Funds
12.33%
Holding in Top 10
42
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-10.64%
% of All Funds
0.61%
New
88
Increased
284
Reduced
292
Closed
45
Calls
$168M
Puts
$48.2M
Net Calls
+$120M
Net Calls Change
+$174M

Top Buyers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$277M
2
Capital International Investors
Capital International Investors
California
+$176M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$104M
4
ECU
Egerton Capital (UK)
United Kingdom
+$89.2M
5
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$62.1M

Top Sellers

1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$361M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$240M
3
Morgan Stanley
Morgan Stanley
New York
-$172M
4
MBI
Montrusco Bolton Investments
Quebec, Canada
-$156M
5
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$139M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
51
Nuveen
North Carolina
$160M +$10.4M +81,731 +7%
ClearBridge Investments
52
ClearBridge Investments
New York
$146M -$1.76M -13,730 -1%
CS
53
Credit Suisse
Switzerland
$145M -$266K -2,084 -0.2%
Dimensional Fund Advisors
54
Dimensional Fund Advisors
Texas
$139M +$6.49M +50,777 +5%
Stifel Financial
55
Stifel Financial
Missouri
$137M +$1.74M +13,587 +1%
Amundi
56
Amundi
France
$134M +$9.09M +71,081 +7%
APG Asset Management
57
APG Asset Management
Netherlands
$133M +$6.58M +51,454 +5%
DWA
58
Douglass Winthrop Advisors
New York
$133M +$2.45M +19,203 +2%
MNG
59
Manning & Napier Group
New York
$129M +$39.7M +310,693 +46%
Envestnet Asset Management
60
Envestnet Asset Management
Illinois
$113M +$4.4M +34,443 +4%
EARNEST Partners
61
EARNEST Partners
Georgia
$112M +$3.26M +25,500 +3%
RC
62
Rivulet Capital
New Jersey
$109M – – –
BlackRock
63
BlackRock
New York
$108M +$2.07M +16,203 +2%
AM
64
AGF Management
Ontario, Canada
$106M +$24.5M +191,587 +26%
C
65
Consulta
United Kingdom
$105M – – –
Brown Advisory
66
Brown Advisory
Maryland
$99.9M +$261K +2,039 +0.3%
Franklin Resources
67
Franklin Resources
California
$91.6M +$42.6M +332,924 +92%
CFM
68
Coronation Fund Managers
South Africa
$89.6M -$3.77M -29,501 -4%
William Blair Investment Management
69
William Blair Investment Management
Illinois
$89.5M -$3.49M -27,287 -4%
State of Tennessee, Department of Treasury
70
State of Tennessee, Department of Treasury
Tennessee
$87.6M – – –
MBI
71
Montrusco Bolton Investments
Quebec, Canada
$79.9M -$156M -1,222,851 -67%
CII
72
Capital International Inc
California
$78.1M +$14.6M +114,380 +24%
AC
73
Addenda Capital
Quebec, Canada
$77.6M -$1.63M -12,715 -3%
Toronto Dominion Bank
74
Toronto Dominion Bank
Ontario, Canada
$71.8M -$361M -2,820,420 -84%
Public Sector Pension Investment Board (PSP Investments)
75
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$67.9M +$2.72M +21,308 +4%
1 2
3
4 5

CNI Hedge Fund Activity: Q1 2024 in Review

856 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2024, worth a combined $59.1B — up 3% from $57.4B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new CNI positions and 45 closed out — a net gain of 43 holders — while 284 added to existing stakes and 292 trimmed.

The largest buyer was Canada Pension Plan Investment Board, adding an estimated $277M. The largest seller was Toronto Dominion Bank, cutting an estimated $361M.

  • 856 institutional investors held Canadian National Railway (CNI) as of Q1 2024, up from 823 in Q4 2023.
  • Funds reported $59.1B of Canadian National Railway stock for Q1 2024, up 3% quarter-over-quarter.
  • 88 funds opened new Canadian National Railway positions in Q1 2024 and 45 closed out, a net change of +43 holders.
  • The largest Canadian National Railway buyer in Q1 2024 was Canada Pension Plan Investment Board, an estimated $277M added.
  • The largest Canadian National Railway seller in Q1 2024 was Toronto Dominion Bank, an estimated $361M sold.

Based on aggregated 13F filings for Q1 2024.