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Canadian National Railway

778 hedge funds and large institutions have $50.5B invested in Canadian National Railway in 2021 Q4 according to their latest regulatory filings, with 123 funds opening new positions, 211 increasing their positions, 263 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

173% more first-time investments, than exits

New positions opened: 123 | Existing positions closed: 45

10% more funds holding

Funds holding: 710778 (+68)

4% more capital invested

Capital invested by funds: $48.5B → $50.5B (+$2.01B)

0.28% more ownership

Funds ownership: 58.66%58.94% (+0.28%)

13% less call options, than puts

Call options by funds: $192M | Put options by funds: $221M

18% less funds holding in top 10

Funds holding in top 10: 4537 (-8)

20% less repeat investments, than reductions

Existing positions increased: 211 | Existing positions reduced: 263

Holders
778
Holders Change
+68
Holders Change %
+9.58%
% of All Funds
11.97%
Holding in Top 10
37
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-17.78%
% of All Funds
0.57%
New
123
Increased
211
Reduced
263
Closed
45
Calls
$192M
Puts
$221M
Net Calls
-$28.7M
Net Calls Change
+$68.3M
Name Holding Trade Value Shares
Change
Change in
Stake
TCI Fund Management
1
TCI Fund Management
United Kingdom
$4.51B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$3.79B -$258M -2,038,019 -6%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$3.32B -$609M -4,806,591 -15%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.39B +$53.9M +425,414 +2%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$1.98B -$128M -1,008,713 -6%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$1.82B -$263M -2,072,889 -12%
Gates Foundation Trust
7
Gates Foundation Trust
Washington
$1.61B
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.55B -$31.1M -245,533 -2%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.48B +$176M +1,392,821 +13%
JFL
10
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.46B -$40.2M -317,554 -3%
Caisse de Depot et Placement du Quebec (CDPQ)
11
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.44B
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$1.06B -$73.3M -578,301 -6%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$997M -$120M -948,192 -10%
Schroder Investment Management Group
14
Schroder Investment Management Group
United Kingdom
$969M +$477M +3,766,889 +153%
ECU
15
Egerton Capital (UK)
United Kingdom
$953M -$21.5M -170,060 -2%
Fidelity International
16
Fidelity International
Bermuda
$888M +$192M +1,516,836 +27%
BGC
17
Beutel, Goodman & Co
Ontario, Canada
$771M +$30.8M +243,334 +4%
CIBC Asset Management
18
CIBC Asset Management
Ontario, Canada
$763M -$9.93M -78,407 -1%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$758M -$32.9M -259,719 -4%
Deutsche Bank
20
Deutsche Bank
Germany
$728M +$91.4M +721,007 +14%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$668M +$472K +3,725 +0.1%
Norges Bank
22
Norges Bank
Norway
$654M -$11.3M -89,051 -2%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$654M +$247M +1,948,049 +58%
Fiera Capital (Canada)
24
Fiera Capital (Canada)
Quebec, Canada
$634M -$23.5M -185,205 -3%
Goldman Sachs
25
Goldman Sachs
New York
$632M +$365M +2,884,391 +127%

CNI Hedge Fund Activity: Q4 2021 in Review

778 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2021, worth a combined $50.5B — up 4.2% from $48.5B a quarter earlier.

Buyers outnumbered sellers: 123 funds opened new CNI positions and 45 closed out — a net gain of 78 holders — while 211 added to existing stakes and 263 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $477M. The largest seller was Massachusetts Financial Services, cutting an estimated $609M.

  • 778 institutional investors held Canadian National Railway (CNI) as of Q4 2021, up from 710 in Q3 2021.
  • Funds reported $50.5B of Canadian National Railway stock for Q4 2021, up 4.2% quarter-over-quarter.
  • 123 funds opened new Canadian National Railway positions in Q4 2021 and 45 closed out, a net change of +78 holders.
  • The largest Canadian National Railway buyer in Q4 2021 was Schroder Investment Management Group, an estimated $477M added.
  • The largest Canadian National Railway seller in Q4 2021 was Massachusetts Financial Services, an estimated $609M sold.

Based on aggregated 13F filings for Q4 2021.