Canadian National Railway
CNI
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.
0.68% more ownership
Funds ownership: 68.53% → 69.2% (+0.68%)
3% less funds holding
Funds holding: 791 → 771 (-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: 46 → 39 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$678M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$290M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$157M |
| 4 |
Morgan Stanley
New York
|
+$115M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
+$93.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$350M |
| 2 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$290M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$201M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$144M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$84.1M |
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.