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Canadian National Railway

CNI

Market cap $78.3B

653 hedge funds and large institutions have $42.8B invested in Canadian National Railway in 2020 Q3 according to their latest regulatory filings, with 76 funds opening new positions, 179 increasing their positions, 239 reducing their positions, and 54 closing their positions.

New

Increased

Maintained

Reduced

Closed

41% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 54

26% more funds holding in top 10

Funds holding in top 10: 46 → 58 (+12)

21% more capital invested

Capital invested by funds: $35.3B → $42.8B (+$7.57B)

16% more call options, than puts

Call options by funds: $56.9M | Put options by funds: $49M

2% more funds holding

Funds holding: 638 → 653 (+15)

0.24% less ownership

Funds ownership: 56.11% → 55.87% (-0.24%)

25% less repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 239

Holders

653

Holders Change

+15

Holders Change %

+2.35%

% of All Funds

13.18%

Holding in Top 10

Holding in Top 10 Change

+12

Holding in Top 10 Change %

+26.09%

% of All Funds

1.17%

New

Increased

179

Reduced

239

Closed

Calls

$56.9M

Puts

$49M

Net Calls

+$7.91M

Net Calls Change

-$16.1M

Top Buyers

1	Schroder Investment Management Group London, United Kingdom	+$364M
2	Bank of New York Mellon New York	+$276M
3	Deutsche Bank Frankfurt Am Main Ge, Germany	+$117M
4	Bank of Montreal Toronto, Ontario, Canada	+$91.1M
5	OAC OMERS Administration Corp Toronto, Ontario, Canada	+$70.4M

Top Sellers

1	TD Asset Management Toronto, Ontario, Canada	-$259M
2	BGC Beutel, Goodman & Co Toronto, Ontario, Canada	-$185M
3	Point72 Asset Management Stamford, Connecticut	-$131M
4	CIBC World Market Toronto, Ontario, Canada	-$80.9M
5	Massachusetts Financial Services Boston, Massachusetts	-$72.4M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Massachusetts Financial Services Boston, Massachusetts	$3.62B	-$72.4M	-720,498	-2%
2	2 Royal Bank of Canada Toronto, Ontario, Canada	$3.57B	-$68.1M	-678,271	-2%
3	3 Wellington Management Group Boston, Massachusetts	$2.43B	+$38.2M	+380,813	+2%
4	4 Vanguard Group Malvern, Pennsylvania	$2.27B	-$25M	-248,847	-1%
5	5 TCI Fund Management London, United Kingdom	$2.21B	-$20.1M	-200,105	-1%
6	6 Bank of Montreal Toronto, Ontario, Canada	$1.85B	+$91.1M	+907,295	+6%
7	7 Gates Foundation Trust Kirkland, Washington	$1.82B	–	–	–
8	8 TD Asset Management Toronto, Ontario, Canada	$1.43B	-$259M	-2,576,161	-16%
9	9 Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	$1.36B	+$10.9M	+108,548	+1%
10	10 Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada	$1.29B	-$70.2M	-699,400	-5%
11	JFL 11 Jarislowsky, Fraser Ltd Montreal, Quebec, Canada	$1.19B	+$14.2M	+141,256	+1%
12	12 1832 Asset Management Toronto, Ontario, Canada	$965M	+$64.9M	+646,223	+8%
13	13 Norges Bank Oslo, Norway	$757M	-$1.63M	-16,209	-0.2%
14	14 Bank of Nova Scotia Toronto, Ontario, Canada	$689M	-$1.28M	-12,746	-0.2%
15	15 Fiera Capital (Canada) Montreal, Quebec, Canada	$648M	+$6.3M	+62,745	+1%
16	16 CIBC World Market Toronto, Ontario, Canada	$644M	-$80.9M	-805,915	-12%
17	17 Mackenzie Financial Toronto Ontario, Ontario, Canada	$643M	-$6.19M	-61,657	-1%
18	18 Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada	$634M	+$11.3M	+112,849	+2%
19	19 CIBC Asset Management Toronto, Ontario, Canada	$597M	+$44.9M	+447,378	+9%
20	20 Schroder Investment Management Group London, United Kingdom	$569M	+$364M	+3,622,083	+935%
21	21 Canada Life Winnipeg, Manitoba, Canada	$498M	-$28M	-278,956	-6%
22	22 Legal & General Group London, United Kingdom	$483M	+$2.01M	+19,984	+0.4%
23	23 Fidelity International Hamilton, Bermuda	$482M	-$65.8M	-655,477	-13%
24	24 Toronto Dominion Bank Toronto, Ontario, Ontario, Canada	$435M	+$33.7M	+335,280	+9%
25	25 Fidelity Investments Boston, Massachusetts	$430M	-$20.8M	-207,240	-5%

CNI Hedge Fund Activity: Q3 2020 in Review

653 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2020, worth a combined $42.8B — up 21% from $35.3B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new CNI positions and 54 closed out — a net gain of 22 holders — while 179 added to existing stakes and 239 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $364M. The largest seller was TD Asset Management, cutting an estimated $259M.

653 institutional investors held Canadian National Railway (CNI) as of Q3 2020, up from 638 in Q2 2020.
Funds reported $42.8B of Canadian National Railway stock for Q3 2020, up 21% quarter-over-quarter.
76 funds opened new Canadian National Railway positions in Q3 2020 and 54 closed out, a net change of +22 holders.
The largest Canadian National Railway buyer in Q3 2020 was Schroder Investment Management Group, an estimated $364M added.
The largest Canadian National Railway seller in Q3 2020 was TD Asset Management, an estimated $259M sold.

Based on aggregated 13F filings for Q3 2020.

Canadian National Railway CNI Market cap $78.3B