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Canadian National Railway
CNI

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
58
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+26.09%
% of All Funds
1.17%
New
76
Increased
179
Reduced
239
Closed
54
Calls
$56.9M
Puts
$49M
Net Calls
+$7.91M
Net Calls Change
-$16.1M

Top Buyers

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

Top Sellers

1
TD Asset Management
TD Asset Management
Ontario, Canada
-$259M
2
BGC
Beutel, Goodman & Co
Ontario, Canada
-$185M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$131M
4
CIBC World Market
CIBC World Market
Ontario, Canada
-$80.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$72.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Massachusetts Financial Services
1
Massachusetts Financial Services
Massachusetts
$3.62B -$72.4M -720,498 -2%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$3.57B -$68.1M -678,271 -2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$2.43B +$38.2M +380,813 +2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.27B -$25M -248,847 -1%
TCI Fund Management
5
TCI Fund Management
United Kingdom
$2.21B -$20.1M -200,105 -1%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.85B +$91.1M +907,295 +6%
Gates Foundation Trust
7
Gates Foundation Trust
Washington
$1.82B – – –
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.43B -$259M -2,576,161 -16%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.36B +$10.9M +108,548 +1%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.29B -$70.2M -699,400 -5%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.19B +$14.2M +141,256 +1%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$965M +$64.9M +646,223 +8%
Norges Bank
13
Norges Bank
Norway
$757M -$1.63M -16,209 -0.2%
Bank of Nova Scotia
14
Bank of Nova Scotia
Ontario, Canada
$689M -$1.28M -12,746 -0.2%
Fiera Capital (Canada)
15
Fiera Capital (Canada)
Quebec, Canada
$648M +$6.3M +62,745 +1%
CIBC World Market
16
CIBC World Market
Ontario, Canada
$644M -$80.9M -805,915 -12%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$643M -$6.19M -61,657 -1%
Connor, Clark & Lunn Investment Management (CC&L)
18
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$634M +$11.3M +112,849 +2%
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$597M +$44.9M +447,378 +9%
Schroder Investment Management Group
20
Schroder Investment Management Group
United Kingdom
$569M +$364M +3,622,083 +935%
Canada Life
21
Canada Life
Manitoba, Canada
$498M -$28M -278,956 -6%
Legal & General Group
22
Legal & General Group
United Kingdom
$483M +$2.01M +19,984 +0.4%
Fidelity International
23
Fidelity International
Bermuda
$482M -$65.8M -655,477 -13%
Toronto Dominion Bank
24
Toronto Dominion Bank
Ontario, Canada
$435M +$33.7M +335,280 +9%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$430M -$20.8M -207,240 -5%
1
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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.