Canadian National Railway
535 hedge funds and large institutions have $31.2B invested in Canadian National Railway in 2014 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 153 increasing their positions, 207 reducing their positions, and 23 closing their positions.
165% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 23
23% more funds holding in top 10
Funds holding in top 10: 56 → 69 (+13)
7% more funds holding
Funds holding: 500 → 535 (+35)
6% more capital invested
Capital invested by funds: $29.4B → $31.2B (+$1.76B)
3% less call options, than puts
Call options by funds: $42.7M | Put options by funds: $43.8M
1.19% less ownership
Funds ownership: 54.81% → 53.62% (-1.2%)
26% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 207
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$339M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$116M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$84.5M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$67.9M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$53.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$387M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$331M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$202M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$96.5M |
| 5 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$77.4M |
CNI Hedge Fund Activity: Q3 2014 in Review
535 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2014, worth a combined $31.2B — up 6% from $29.4B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new CNI positions and 23 closed out — a net gain of 38 holders — while 153 added to existing stakes and 207 trimmed.
The largest buyer was Egerton Capital (UK), opening a new position worth an estimated $339M. The largest seller was Norges Bank, cutting an estimated $387M.
- 535 institutional investors held Canadian National Railway (CNI) as of Q3 2014, up from 500 in Q2 2014.
- Funds reported $31.2B of Canadian National Railway stock for Q3 2014, up 6% quarter-over-quarter.
- 61 funds opened new Canadian National Railway positions in Q3 2014 and 23 closed out, a net change of +38 holders.
- The largest Canadian National Railway buyer in Q3 2014 was Egerton Capital (UK), an estimated $339M added.
- The largest Canadian National Railway seller in Q3 2014 was Norges Bank, an estimated $387M sold.
Based on aggregated 13F filings for Q3 2014.