Canadian National Railway
647 hedge funds and large institutions have $35.3B invested in Canadian National Railway in 2019 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 203 increasing their positions, 229 reducing their positions, and 41 closing their positions.
20% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 41
13% more call options, than puts
Call options by funds: $92.5M | Put options by funds: $81.9M
1% more funds holding
Funds holding: 643 → 647 (+4)
0.59% less ownership
Funds ownership: 55.07% → 54.48% (-0.59%)
3% less capital invested
Capital invested by funds: $36.5B → $35.3B (-$1.25B)
6% less funds holding in top 10
Funds holding in top 10: 48 → 45 (-3)
11% less repeat investments, than reductions
Existing positions increased: 203 | Existing positions reduced: 229
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$269M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$149M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$108M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$89.8M |
| 5 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$70.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$308M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$238M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$202M |
| 4 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$193M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$105M |
CNI Hedge Fund Activity: Q3 2019 in Review
647 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2019, worth a combined $35.3B — down 3.4% from $36.5B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CNI positions and 41 closed out — a net gain of 8 holders — while 203 added to existing stakes and 229 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $269M. The largest seller was Toronto Dominion Bank, cutting an estimated $308M.
- 647 institutional investors held Canadian National Railway (CNI) as of Q3 2019, up from 643 in Q2 2019.
- Funds reported $35.3B of Canadian National Railway stock for Q3 2019, down 3.4% quarter-over-quarter.
- 49 funds opened new Canadian National Railway positions in Q3 2019 and 41 closed out, a net change of +8 holders.
- The largest Canadian National Railway buyer in Q3 2019 was Manulife (Manufacturers Life Insurance), an estimated $269M added.
- The largest Canadian National Railway seller in Q3 2019 was Toronto Dominion Bank, an estimated $308M sold.
Based on aggregated 13F filings for Q3 2019.