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Canadian National Railway

771 hedge funds and large institutions have $49.4B invested in Canadian National Railway in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 245 increasing their positions, 288 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.68% more ownership

Funds ownership: 68.53%69.2% (+0.68%)

3% less funds holding

Funds holding: 791771 (-20)

10% less capital invested

Capital invested by funds: $55B → $49.4B (-$5.63B)

15% less repeat investments, than reductions

Existing positions increased: 245 | Existing positions reduced: 288

15% less funds holding in top 10

Funds holding in top 10: 4639 (-7)

17% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 75

38% less call options, than puts

Call options by funds: $91.7M | Put options by funds: $147M

Holders
771
Holders Change
-20
Holders Change %
-2.53%
% of All Funds
12.24%
Holding in Top 10
39
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-15.22%
% of All Funds
0.62%
New
62
Increased
245
Reduced
288
Closed
75
Calls
$91.7M
Puts
$147M
Net Calls
-$55.4M
Net Calls Change
-$16.3M
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
101
State Street
Massachusetts
$31.8M +$9.78M +85,200 +41%
Neuberger Berman Group
102
Neuberger Berman Group
New York
$31.5M -$4.75M -41,403 -13%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
103
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$31.4M
BONST
104
Bank of Nova Scotia Trust
Ontario, Canada
$31M -$745K -6,493 -2%
Axa
105
Axa
France
$30.2M +$2.09M +18,237 +7%
GCC
106
Guardian Capital (Canada)
Ontario, Canada
$30.1M -$28.2M -245,394 -47%
MSV
107
MN Services Vermogensbeheer
Netherlands
$30.1M +$688K +6,000 +2%
UBS Group
108
UBS Group
Switzerland
$29.4M -$4.81M -41,940 -13%
Canada Life
109
Canada Life
Manitoba, Canada
$29.1M -$719K -6,265 -2%
CII
110
Capital International Inc
California
$29.1M +$4.12M +35,917 +15%
Renaissance Technologies
111
Renaissance Technologies
New York
$28.3M -$45.6M -397,800 -60%
Pictet Asset Management
112
Pictet Asset Management
Switzerland
$28M +$29.5M +257,363 New
NC
113
Nekton Capital
United Kingdom
$27.9M +$29.5M +257,511 New
VPI
114
Value Partners Investments
Manitoba, Canada
$27.7M +$137K +1,191 +0.5%
Zurich Cantonal Bank
115
Zurich Cantonal Bank
Switzerland
$27.1M -$1.06M -9,245 -4%
DZ Bank
116
DZ Bank
Germany
$26.1M -$61.6M -536,908 -69%
CP
117
Cumberland Partners
Ontario, Canada
$25.6M -$1.86M -16,214 -6%
CQS
118
Credential Qtrade Securities
$25.6M -$6.5M -56,659 -19%
YL
119
YCG LLC
Texas
$25.5M +$12M +104,850 +80%
BFS
120
Baskin Financial Services
Ontario, Canada
$25.4M -$35.5K -309 -0.1%
GLA
121
Great Lakes Advisors
Illinois
$25.1M -$557K -4,853 -2%
GKIM
122
GW&K Investment Management
Massachusetts
$24.8M -$669K -5,833 -2%
GCAC
123
Guardian Capital Advisors (Canada)
Ontario, Canada
$24.8M -$953K -8,301 -4%
HSBC Holdings
124
HSBC Holdings
United Kingdom
$24.6M -$919K -8,012 -3%
Korea Investment Corp
125
Korea Investment Corp
South Korea
$23.9M -$19.3M -168,481 -43%

CNI Hedge Fund Activity: Q3 2023 in Review

771 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2023, worth a combined $49.4B — down 10% from $55B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of CNI and 62 opened new positions — a net loss of 13 holders — while 288 trimmed existing stakes and 245 added.

The largest buyer was Fidelity International, adding an estimated $678M. The largest seller was Causeway Capital Management, exiting entirely with an estimated $350M sold.

  • 771 institutional investors held Canadian National Railway (CNI) as of Q3 2023, down from 791 in Q2 2023.
  • Funds reported $49.4B of Canadian National Railway stock for Q3 2023, down 10% quarter-over-quarter.
  • 62 funds opened new Canadian National Railway positions in Q3 2023 and 75 closed out, a net change of -13 holders.
  • The largest Canadian National Railway buyer in Q3 2023 was Fidelity International, an estimated $678M added.
  • The largest Canadian National Railway seller in Q3 2023 was Causeway Capital Management, an estimated $350M sold.

Based on aggregated 13F filings for Q3 2023.