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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
Ameriprise
76
Ameriprise
Minnesota
$67.3M -$1.74M -13,645 -3%
Ninety One (UK)
77
Ninety One (UK)
United Kingdom
$64M +$62.1M +485,649 New
BAM
78
Burgundy Asset Management
Ontario, Canada
$62.9M -$2.29M -17,894 -4%
DMIC
79
Dixon Mitchell Investment Counsel
British Columbia, Canada
$62.7M +$648K +5,068 +1%
BFS
80
Bradley Foster & Sargent
Connecticut
$61.5M -$957K -7,486 -2%
DekaBank Deutsche Girozentrale
81
DekaBank Deutsche Girozentrale
Germany
$60.4M +$1.18M +9,204 +2%
WHRC
82
W.H. Reaves & Co
New Jersey
$60.2M +$39.6M +309,806 +211%
CCMIC
83
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$59.1M -$324K -2,531 -0.6%
First Trust Advisors
84
First Trust Advisors
Illinois
$58.2M -$11.2M -87,931 -17%
SRAIM
85
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$55.7M -$1.87M -14,664 -3%
Invesco
86
Invesco
Georgia
$54.8M -$6.01M -47,049 -10%
SC
87
Saturna Capital
Washington
$53.7M – – –
Aviva
88
Aviva
United Kingdom
$53M -$2.19M -17,110 -4%
Northern Trust
89
Northern Trust
Illinois
$50.8M -$215K -1,680 -0.4%
SEI Investments
90
SEI Investments
Pennsylvania
$48.1M -$168K -1,313 -0.4%
RMCM
91
Reynders McVeigh Capital Management
Massachusetts
$46.9M -$921K -7,202 -2%
DZ Bank
92
DZ Bank
Germany
$45.5M +$3.78M +29,590 +9%
UBS Group
93
UBS Group
Switzerland
$45.1M -$2.02M -15,816 -4%
Neuberger Berman Group
94
Neuberger Berman Group
New York
$43.9M +$18.2K +142 +0%
IIM
95
Intact Investment Management
Quebec, Canada
$42.8M +$8.83M +69,098 +27%
Canada Life
96
Canada Life
Manitoba, Canada
$42.7M +$6.3M +49,297 +18%
State Street
97
State Street
Massachusetts
$41.6M -$6.98M -54,600 -15%
CIBC Private Wealth Group
98
CIBC Private Wealth Group
Georgia
$40.8M -$521K -4,074 -1%
GCC
99
Guardian Capital (Canada)
Ontario, Canada
$39.4M -$612K -4,788 -2%
TAM
100
Troy Asset Management
United Kingdom
$39.1M +$17.8M +139,637 +89%
2 3
4
5 6

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.