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Canadian National Railway

777 hedge funds and large institutions have $54.6B invested in Canadian National Railway in 2022 Q1 according to their latest regulatory filings, with 83 funds opening new positions, 266 increasing their positions, 244 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more funds holding in top 10

Funds holding in top 10: 3752 (+15)

11% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 75

8% more capital invested

Capital invested by funds: $50.5B → $54.6B (+$4.11B)

9% more repeat investments, than reductions

Existing positions increased: 266 | Existing positions reduced: 244

0% less funds holding

Funds holding: 778777 (-1)

0.78% less ownership

Funds ownership: 58.94%58.16% (-0.78%)

25% less call options, than puts

Call options by funds: $131M | Put options by funds: $174M

Holders
777
Holders Change
-1
Holders Change %
-0.13%
% of All Funds
12.26%
Holding in Top 10
52
Holding in Top 10 Change
+15
Holding in Top 10 Change %
+40.54%
% of All Funds
0.82%
New
83
Increased
266
Reduced
244
Closed
75
Calls
$131M
Puts
$174M
Net Calls
-$43.3M
Net Calls Change
-$14.6M
Name Holding Trade Value Shares
Change
Change in
Stake
TCI Fund Management
1
TCI Fund Management
United Kingdom
$4.92B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$3.95B -$183M -1,462,539 -5%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$3.34B -$267M -2,137,426 -8%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$2.8B +$765M +6,120,667 +41%
Vanguard Group
5
Vanguard Group
Pennsylvania
$2.68B +$69.3M +554,280 +3%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$2.14B -$53.5M -428,147 -3%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$1.93B +$297M +2,376,082 +20%
Gates Foundation Trust
8
Gates Foundation Trust
Washington
$1.75B
TD Asset Management
9
TD Asset Management
Ontario, Canada
$1.66B -$24.3M -194,104 -2%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.66B +$78.1M +625,000 +5%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$1.47B +$350M +2,796,065 +34%
JFL
12
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.43B -$170M -1,356,500 -11%
ECU
13
Egerton Capital (UK)
United Kingdom
$1.26B +$204M +1,634,059 +21%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$1.13B -$16.6M -133,094 -2%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$937M -$135M -1,080,057 -13%
CIBC Asset Management
16
CIBC Asset Management
Ontario, Canada
$804M -$28.2M -225,756 -4%
Bank of Nova Scotia
17
Bank of Nova Scotia
Ontario, Canada
$803M -$22M -176,036 -3%
Deutsche Bank
18
Deutsche Bank
Germany
$733M -$58M -463,686 -8%
Norges Bank
19
Norges Bank
Norway
$715M +$1.29M +10,307 +0.2%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$678M -$33.3M -266,565 -5%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$660M -$64.4M -514,947 -9%
Fidelity International
22
Fidelity International
Bermuda
$658M -$290M -2,317,258 -32%
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$653M -$37.5M -299,952 -6%
JP Morgan Chase
24
JP Morgan Chase
New York
$651M +$18.3M +146,703 +3%
Legal & General Group
25
Legal & General Group
United Kingdom
$630M +$23.7M +189,425 +4%

CNI Hedge Fund Activity: Q1 2022 in Review

777 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2022, worth a combined $54.6B — up 8.1% from $50.5B a quarter earlier.

Buyers outnumbered sellers: 83 funds opened new CNI positions and 75 closed out — a net gain of 8 holders — while 266 added to existing stakes and 244 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $765M. The largest seller was Schroder Investment Management Group, exiting entirely with an estimated $969M sold.

  • 777 institutional investors held Canadian National Railway (CNI) as of Q1 2022, down from 778 in Q4 2021.
  • Funds reported $54.6B of Canadian National Railway stock for Q1 2022, up 8.1% quarter-over-quarter.
  • 83 funds opened new Canadian National Railway positions in Q1 2022 and 75 closed out, a net change of +8 holders.
  • The largest Canadian National Railway buyer in Q1 2022 was Wellington Management Group, an estimated $765M added.
  • The largest Canadian National Railway seller in Q1 2022 was Schroder Investment Management Group, an estimated $969M sold.

Based on aggregated 13F filings for Q1 2022.