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Canadian National Railway

595 hedge funds and large institutions have $30.8B invested in Canadian National Railway in 2018 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 189 increasing their positions, 231 reducing their positions, and 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.16% more ownership

Funds ownership: 55.53%56.7% (+1.2%)

9% less call options, than puts

Call options by funds: $47.2M | Put options by funds: $52.1M

4% less funds holding

Funds holding: 623595 (-28)

10% less capital invested

Capital invested by funds: $34.4B → $30.8B (-$3.58B)

18% less repeat investments, than reductions

Existing positions increased: 189 | Existing positions reduced: 231

21% less funds holding in top 10

Funds holding in top 10: 4737 (-10)

30% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 76

Holders
595
Holders Change
-28
Holders Change %
-4.49%
% of All Funds
13.64%
Holding in Top 10
37
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-21.28%
% of All Funds
0.85%
New
53
Increased
189
Reduced
231
Closed
76
Calls
$47.2M
Puts
$52.1M
Net Calls
-$4.88M
Net Calls Change
+$62.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.37B +$117M +1,509,199 +3%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$2.92B -$27.1M -351,277 -0.9%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$2.12B +$506M +6,546,753 +29%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.34B +$42.3M +547,045 +3%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$1.31B -$78.5M -1,016,201 -5%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$1.25B -$32.5M -420,688 -2%
Gates Foundation Trust
7
Gates Foundation Trust
Washington
$1.25B
Caisse de Depot et Placement du Quebec (CDPQ)
8
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.14B -$16M -206,600 -1%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$790M -$243M -3,149,879 -23%
JFL
10
Jarislowsky, Fraser Ltd
Quebec, Canada
$735M -$6.22M -80,473 -0.8%
Arrowstreet Capital
11
Arrowstreet Capital
Massachusetts
$711M +$286M +3,707,616 +62%
CIBC World Market
12
CIBC World Market
Ontario, Canada
$691M +$36.3M +470,247 +5%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$599M +$16.4M +211,846 +3%
Franklin Resources
14
Franklin Resources
California
$540M -$7.28M -94,203 -1%
HL
15
Harding Loevner
New Jersey
$527M +$41M +531,257 +8%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$496M -$48.7M -630,762 -8%
Norges Bank
17
Norges Bank
Norway
$447M -$13.1M -169,445 -3%
BGC
18
Beutel, Goodman & Co
Ontario, Canada
$440M +$1.79M +23,105 +0.4%
Mackenzie Financial
19
Mackenzie Financial
Ontario, Canada
$434M -$48.4M -626,289 -10%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$418M -$17.1M -221,387 -4%
Morgan Stanley
21
Morgan Stanley
New York
$386M +$343M +4,440,107 +534%
CIBC Asset Management
22
CIBC Asset Management
Ontario, Canada
$373M -$94.7M -1,225,414 -19%
Canada Life
23
Canada Life
Manitoba, Canada
$359M +$1.55M +20,088 +0.4%
Invesco
24
Invesco
Georgia
$298M -$7.97M -103,175 -2%
Legal & General Group
25
Legal & General Group
United Kingdom
$259M -$2.18M -28,163 -0.8%

CNI Hedge Fund Activity: Q1 2018 in Review

595 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2018, worth a combined $30.8B — down 10% from $34.4B a quarter earlier.

Sellers outnumbered buyers: 76 funds closed out of CNI and 53 opened new positions — a net loss of 23 holders — while 231 trimmed existing stakes and 189 added.

The largest buyer was Wellington Management Group, adding an estimated $506M. The largest seller was Fidelity Investments, cutting an estimated $243M.

  • 595 institutional investors held Canadian National Railway (CNI) as of Q1 2018, down from 623 in Q4 2017.
  • Funds reported $30.8B of Canadian National Railway stock for Q1 2018, down 10% quarter-over-quarter.
  • 53 funds opened new Canadian National Railway positions in Q1 2018 and 76 closed out, a net change of -23 holders.
  • The largest Canadian National Railway buyer in Q1 2018 was Wellington Management Group, an estimated $506M added.
  • The largest Canadian National Railway seller in Q1 2018 was Fidelity Investments, an estimated $243M sold.

Based on aggregated 13F filings for Q1 2018.