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Canadian National Railway

570 hedge funds and large institutions have $34.5B invested in Canadian National Railway in 2017 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 173 increasing their positions, 219 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 28

18% more funds holding in top 10

Funds holding in top 10: 4958 (+9)

8% more capital invested

Capital invested by funds: $31.8B → $34.5B (+$2.69B)

3% more funds holding

Funds holding: 551570 (+19)

0.46% less ownership

Funds ownership: 56.42%55.95% (-0.46%)

21% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 219

48% less call options, than puts

Call options by funds: $71.8M | Put options by funds: $138M

Holders
570
Holders Change
+19
Holders Change %
+3.45%
% of All Funds
14.21%
Holding in Top 10
58
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+18.37%
% of All Funds
1.45%
New
48
Increased
173
Reduced
219
Closed
28
Calls
$71.8M
Puts
$138M
Net Calls
-$66.3M
Net Calls Change
-$86.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.54B -$18.6M -244,455 -0.6%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$3.38B -$67.2M -881,198 -2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$2.43B -$28.7M -376,379 -1%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$1.86B +$25.5M +334,367 +1%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$1.53B +$56.5M +740,664 +4%
Gates Foundation Trust
6
Gates Foundation Trust
Washington
$1.39B
Vanguard Group
7
Vanguard Group
Pennsylvania
$1.36B +$172M +2,251,612 +15%
Caisse de Depot et Placement du Quebec (CDPQ)
8
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.28B -$164M -2,148,048 -12%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$1.21B -$54M -708,359 -5%
CIBC World Market
10
CIBC World Market
Ontario, Canada
$855M -$7.83M -102,632 -1%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$829M -$7.85M -102,912 -1%
Franklin Resources
12
Franklin Resources
California
$603M -$1.52M -19,875 -0.3%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$536M -$111M -1,453,991 -18%
HL
14
Harding Loevner
New Jersey
$499M +$32.2M +422,533 +7%
BGC
15
Beutel, Goodman & Co
Ontario, Canada
$498M -$1.76M -23,050 -0.4%
Arrowstreet Capital
16
Arrowstreet Capital
Massachusetts
$479M +$354M +4,636,737 +363%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$478M +$8.78M +115,145 +2%
Norges Bank
18
Norges Bank
Norway
$474M -$3.66M -48,005 -0.8%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$377M -$12.1M -158,042 -3%
Canada Life
20
Canada Life
Manitoba, Canada
$369M -$45.9M -602,310 -12%
AIMCA
21
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$367M +$33.7M +441,700 +15%
William Blair Investment Management
22
William Blair Investment Management
Illinois
$363M +$87.9M +1,152,495 +35%
Invesco
23
Invesco
Georgia
$362M +$47.1M +616,921 +16%
QI
24
QV Investors
Alberta, Canada
$336M +$243M +3,191,321 New
Toronto Dominion Bank
25
Toronto Dominion Bank
Ontario, Canada
$328M -$363M -4,756,021 -54%

CNI Hedge Fund Activity: Q2 2017 in Review

570 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2017, worth a combined $34.5B — up 8.4% from $31.8B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new CNI positions and 28 closed out — a net gain of 20 holders — while 173 added to existing stakes and 219 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $354M. The largest seller was 1832 Asset Management, cutting an estimated $441M.

  • 570 institutional investors held Canadian National Railway (CNI) as of Q2 2017, up from 551 in Q1 2017.
  • Funds reported $34.5B of Canadian National Railway stock for Q2 2017, up 8.4% quarter-over-quarter.
  • 48 funds opened new Canadian National Railway positions in Q2 2017 and 28 closed out, a net change of +20 holders.
  • The largest Canadian National Railway buyer in Q2 2017 was Arrowstreet Capital, an estimated $354M added.
  • The largest Canadian National Railway seller in Q2 2017 was 1832 Asset Management, an estimated $441M sold.

Based on aggregated 13F filings for Q2 2017.