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Canadian National Railway

842 hedge funds and large institutions have $49.4B invested in Canadian National Railway in 2026 Q2 according to their latest regulatory filings, with 88 funds opening new positions, 301 increasing their positions, 259 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

231% more call options, than puts

Call options by funds: $189M | Put options by funds: $57M

47% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 60

30% more funds holding in top 10

Funds holding in top 10: 2330 (+7)

18% more capital invested

Capital invested by funds: $42B → $49.4B (+$7.39B)

16% more repeat investments, than reductions

Existing positions increased: 301 | Existing positions reduced: 259

2% more funds holding

Funds holding: 829842 (+13)

0.98% more ownership

Funds ownership: 65.63%66.61% (+0.98%)

Holders
842
Holders Change
+13
Holders Change %
+1.57%
% of All Funds
10.17%
Holding in Top 10
30
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+30.43%
% of All Funds
0.36%
New
88
Increased
301
Reduced
259
Closed
60
Calls
$189M
Puts
$57M
Net Calls
+$132M
Net Calls Change
+$98.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Nova Scotia
51
Bank of Nova Scotia
Ontario, Canada
$159M -$7.02M -61,648 -4%
Bank of America
52
Bank of America
North Carolina
$151M -$13.7M -120,490 -9%
CCMIC
53
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$149M +$7.83M +68,791 +6%
LWCFA
54
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$149M -$2.34M -20,561 -2%
Nuveen
55
Nuveen
North Carolina
$147M +$9.39M +82,452 +7%
Vanguard Asset Management
56
Vanguard Asset Management
$138M +$14.4M +126,220 +12%
LBA
57
Letko, Brosseau & Associates
Quebec, Canada
$123M -$2.72M -23,931 -2%
IIM
58
Intact Investment Management
Quebec, Canada
$114M -$644K -5,660 -0.6%
DWA
59
Douglass Winthrop Advisors
New York
$112M -$1.98M -17,411 -2%
Bessemer Group
60
Bessemer Group
New Jersey
$109M +$103M +908,136 +22,177%
Amundi
61
Amundi
France
$103M -$18.3M -160,962 -16%
Russell Investments Group
62
Russell Investments Group
United Kingdom
$94.9M +$33.2M +291,645 +58%
AC
63
Addenda Capital
Quebec, Canada
$92.9M +$10.1M +88,869 +19%
MSC
64
MUFG Securities (Canada)
New York
$91.2M -$5.05M -44,314 -5%
AIMCA
65
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$89.5M -$966K -8,488 -1%
Balyasny Asset Management
66
Balyasny Asset Management
Illinois
$88.9M +$27.3M +239,488 +47%
AM
67
AGF Management
Ontario, Canada
$88.4M +$600K +5,271 +1%
SRAIM
68
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$86.8M -$612K -5,379 -0.7%
BCIM
69
British Columbia Investment Management
British Columbia, Canada
$85.4M +$7.91M +69,509 +11%
Franklin Resources
70
Franklin Resources
California
$81.7M -$3.18M -27,918 -4%
BDLIB
71
Banque de Luxembourg Investments (BLI)
Luxembourg
$81.6M -$18.4M -161,221 -19%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
72
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$77.7M +$57.1M +501,600 +334%
Northern Trust
73
Northern Trust
Illinois
$74.9M +$4.21M +36,940 +6%
VPI
74
Value Partners Investments
Manitoba, Canada
$72.4M +$191K +1,679 +0.3%
Public Sector Pension Investment Board (PSP Investments)
75
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$71.5M +$37.7M +330,905 +123%

CNI Hedge Fund Activity: Q2 2026 in Review

842 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2026, worth a combined $49.4B — up 18% from $42B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new CNI positions and 60 closed out — a net gain of 28 holders — while 301 added to existing stakes and 259 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $415M. The largest seller was Lazard Asset Management, cutting an estimated $588M.

  • 842 institutional investors held Canadian National Railway (CNI) as of Q2 2026, up from 829 in Q1 2026.
  • Funds reported $49.4B of Canadian National Railway stock for Q2 2026, up 18% quarter-over-quarter.
  • 88 funds opened new Canadian National Railway positions in Q2 2026 and 60 closed out, a net change of +28 holders.
  • The largest Canadian National Railway buyer in Q2 2026 was Royal Bank of Canada, an estimated $415M added.
  • The largest Canadian National Railway seller in Q2 2026 was Lazard Asset Management, an estimated $588M sold.

Based on aggregated 13F filings for Q2 2026.