Canadian National Railway
CNI
474 hedge funds and large institutions have $25.2B invested in Canadian National Railway in 2013 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 143 increasing their positions, 190 reducing their positions, and 28 closing their positions.
107% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 28
39% more call options, than puts
Call options by funds: $85.9M | Put options by funds: $61.9M
10% more capital invested
Capital invested by funds: $22.9B → $25.2B (+$2.3B)
7% more funds holding in top 10
Funds holding in top 10: 43 → 46 (+3)
6% more funds holding
Funds holding: 448 → 474 (+26)
25% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 190
54.87% less ownership
Funds ownership: 107.75% → 52.87% (-55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$173M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$78.8M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$64.6M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$58.1M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$48.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$275M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$82.2M |
| 3 |
WI
WHV Investments
San Francisco,
California
|
-$58M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$56.3M |
| 5 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$55.2M |
CNI Hedge Fund Activity: Q4 2013 in Review
474 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2013, worth a combined $25.2B — up 10% from $22.9B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CNI positions and 28 closed out — a net gain of 30 holders — while 143 added to existing stakes and 190 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $173M. The largest seller was Toronto Dominion Bank, cutting an estimated $275M.
- 474 institutional investors held Canadian National Railway (CNI) as of Q4 2013, up from 448 in Q3 2013.
- Funds reported $25.2B of Canadian National Railway stock for Q4 2013, up 10% quarter-over-quarter.
- 58 funds opened new Canadian National Railway positions in Q4 2013 and 28 closed out, a net change of +30 holders.
- The largest Canadian National Railway buyer in Q4 2013 was Credit Suisse, an estimated $173M added.
- The largest Canadian National Railway seller in Q4 2013 was Toronto Dominion Bank, an estimated $275M sold.
Based on aggregated 13F filings for Q4 2013.