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Canadian National Railway

700 hedge funds and large institutions have $44.2B invested in Canadian National Railway in 2020 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 214 increasing their positions, 233 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 43

7% more funds holding

Funds holding: 653700 (+47)

3% more capital invested

Capital invested by funds: $42.8B → $44.2B (+$1.32B)

3% more call options, than puts

Call options by funds: $46.3M | Put options by funds: $45M

0.19% more ownership

Funds ownership: 55.87%56.06% (+0.19%)

8% less repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 233

24% less funds holding in top 10

Funds holding in top 10: 5844 (-14)

Holders
700
Holders Change
+47
Holders Change %
+7.2%
% of All Funds
12.39%
Holding in Top 10
44
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-24.14%
% of All Funds
0.78%
New
99
Increased
214
Reduced
233
Closed
43
Calls
$46.3M
Puts
$45M
Net Calls
+$1.25M
Net Calls Change
-$6.66M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.69B +$8.27M +76,586 +0.2%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$3.65B -$83.8M -775,409 -2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$2.5B -$11.4M -105,620 -0.5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.34B +$5.41M +50,113 +0.2%
TCI Fund Management
5
TCI Fund Management
United Kingdom
$2.28B -$3.12M -28,847 -0.1%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.88B -$83.4M -771,620 -4%
Gates Foundation Trust
7
Gates Foundation Trust
Washington
$1.87B -$15.9M -147,606 -0.9%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.46B -$12.8M -118,060 -0.9%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.3B -$39.4M -365,000 -3%
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.25B -$67.8M -627,934 -7%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.2B -$33.3M -308,384 -3%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$1B +$12.5M +115,308 +1%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$995M +$561M +5,195,624 +135%
Norges Bank
14
Norges Bank
Norway
$791M -$2.41M -22,284 -0.3%
Bank of Nova Scotia
15
Bank of Nova Scotia
Ontario, Canada
$726M +$15M +139,187 +2%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$661M -$559K -5,171 -0.1%
CIBC World Market
17
CIBC World Market
Ontario, Canada
$653M -$12.2M -112,712 -2%
Connor, Clark & Lunn Investment Management (CC&L)
18
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$633M -$21.2M -196,325 -3%
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$605M -$9.99M -92,433 -2%
Schroder Investment Management Group
20
Schroder Investment Management Group
United Kingdom
$574M +$10.3M +95,341 +2%
Canada Life
21
Canada Life
Manitoba, Canada
$526M +$11.1M +102,801 +2%
Legal & General Group
22
Legal & General Group
United Kingdom
$520M +$20.6M +190,505 +4%
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$508M +$7.32M +67,748 +1%
Toronto Dominion Bank
24
Toronto Dominion Bank
Ontario, Canada
$467M +$19M +176,130 +4%
JP Morgan Chase
25
JP Morgan Chase
New York
$448M +$35.1M +324,463 +9%

CNI Hedge Fund Activity: Q4 2020 in Review

700 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2020, worth a combined $44.2B — up 3.1% from $42.8B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new CNI positions and 43 closed out — a net gain of 56 holders — while 214 added to existing stakes and 233 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $561M. The largest seller was Arrowstreet Capital, cutting an estimated $160M.

  • 700 institutional investors held Canadian National Railway (CNI) as of Q4 2020, up from 653 in Q3 2020.
  • Funds reported $44.2B of Canadian National Railway stock for Q4 2020, up 3.1% quarter-over-quarter.
  • 99 funds opened new Canadian National Railway positions in Q4 2020 and 43 closed out, a net change of +56 holders.
  • The largest Canadian National Railway buyer in Q4 2020 was Bank of New York Mellon, an estimated $561M added.
  • The largest Canadian National Railway seller in Q4 2020 was Arrowstreet Capital, an estimated $160M sold.

Based on aggregated 13F filings for Q4 2020.