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Canadian National Railway
CNI

448 hedge funds and large institutions have $22.9B invested in Canadian National Railway in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 160 increasing their positions, 160 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $21.6B → $22.9B (+$1.37B)

2.36% more ownership

Funds ownership: 105.39% → 107.75% (+2.4%)

3% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 30

0% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 160

0% less funds holding

Funds holding: 450 → 448 (-2)

4% less funds holding in top 10

Funds holding in top 10: 45 → 43 (-2)

23% less call options, than puts

Call options by funds: $47.9M | Put options by funds: $61.9M

Holders
448
Holders Change
-2
Holders Change %
-0.44%
% of All Funds
14.53%
Holding in Top 10
43
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-4.44%
% of All Funds
1.39%
New
31
Increased
160
Reduced
160
Closed
30
Calls
$47.9M
Puts
$61.9M
Net Calls
-$14M
Net Calls Change
-$23M

Top Buyers

1
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$228M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$191M
3
O
OppenheimerFunds
New York
+$118M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$103M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$70.4M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$94.7M
2
Norges Bank
Norges Bank
Norway
-$70.4M
3
Deutsche Bank
Deutsche Bank
Germany
-$49.2M
4
GMI
Greystone Managed Investments
Saskatchewan, Canada
-$40.4M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$39.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Massachusetts Financial Services
1
Massachusetts Financial Services
Massachusetts
$2.52B +$191M +3,875,546 +8%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.13B -$39.6M -801,718 -2%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$1.14B +$8.56M +173,504 +0.8%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$1.13B +$103M +2,086,788 +10%
Caisse de Depot et Placement du Quebec (CDPQ)
5
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.03B +$30.7M +622,400 +3%
Gates Foundation Trust
6
Gates Foundation Trust
Washington
$868M – – –
JFL
7
Jarislowsky, Fraser Ltd
Quebec, Canada
$669M -$26.4M -534,392 -4%
CIBC World Market
8
CIBC World Market
Ontario, Canada
$646M -$6.49M -131,584 -1%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$630M +$70.4M +1,426,172 +13%
Toronto Dominion Bank
10
Toronto Dominion Bank
Ontario, Canada
$588M +$4.46M +90,326 +0.8%
Canada Life
11
Canada Life
Manitoba, Canada
$447M +$52.2M +1,057,832 +14%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$437M -$4.45M -90,200 -1%
BGC
13
Beutel, Goodman & Co
Ontario, Canada
$434M +$16.7M +338,930 +4%
WI
14
WHV Investments
California
$433M -$32M -648,434 -7%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$432M -$18.5M -375,500 -4%
Fiera Capital (Canada)
16
Fiera Capital (Canada)
Quebec, Canada
$432M -$31.5M -638,692 -7%
AAM
17
Aberdeen Asset Management
United Kingdom
$420M +$4.25M +86,082 +1%
O
18
OppenheimerFunds
New York
$397M +$118M +2,399,452 +44%
1832 Asset Management
19
1832 Asset Management
Ontario, Canada
$384M -$24.4M -494,650 -6%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$368M -$1.16M -23,444 -0.3%
GMI
21
Greystone Managed Investments
Saskatchewan, Canada
$317M -$40.4M -819,116 -12%
Franklin Resources
22
Franklin Resources
California
$301M +$3.37M +68,230 +1%
RFC
23
Russell Frank Company
Washington
$295M +$9.62M +194,858 +3%
Invesco
24
Invesco
Georgia
$253M +$3.21M +65,002 +1%
Mawer Investment Management
25
Mawer Investment Management
Alberta, Canada
$234M +$228M +4,612,890 New
1
2 3 4 5

CNI Hedge Fund Activity: Q3 2013 in Review

448 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2013, worth a combined $22.9B — up 6.3% from $21.6B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CNI positions and 30 closed out — a net gain of 1 holder — while 160 added to existing stakes and 160 trimmed.

The largest buyer was Mawer Investment Management, opening a new position worth an estimated $228M. The largest seller was Wellington Management Group, cutting an estimated $94.7M.

  • 448 institutional investors held Canadian National Railway (CNI) as of Q3 2013, down from 450 in Q2 2013.
  • Funds reported $22.9B of Canadian National Railway stock for Q3 2013, up 6.3% quarter-over-quarter.
  • 31 funds opened new Canadian National Railway positions in Q3 2013 and 30 closed out, a net change of +1 holder.
  • The largest Canadian National Railway buyer in Q3 2013 was Mawer Investment Management, an estimated $228M added.
  • The largest Canadian National Railway seller in Q3 2013 was Wellington Management Group, an estimated $94.7M sold.

Based on aggregated 13F filings for Q3 2013.