We are live on ! Find out more
CNI icon

Canadian National Railway

738 hedge funds and large institutions have $48.3B invested in Canadian National Railway in 2022 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 248 increasing their positions, 267 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more funds holding in top 10

Funds holding in top 10: 4554 (+9)

7.22% more ownership

Funds ownership: 60.56%67.79% (+7.2%)

6% more capital invested

Capital invested by funds: $45.5B → $48.3B (+$2.85B)

7% less repeat investments, than reductions

Existing positions increased: 248 | Existing positions reduced: 267

2% less funds holding

Funds holding: 756738 (-18)

12% less call options, than puts

Call options by funds: $159M | Put options by funds: $180M

14% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 71

Holders
738
Holders Change
-18
Holders Change %
-2.38%
% of All Funds
12.71%
Holding in Top 10
54
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+20%
% of All Funds
0.93%
New
61
Increased
248
Reduced
267
Closed
71
Calls
$159M
Puts
$180M
Net Calls
-$21.6M
Net Calls Change
+$79M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.92B +$5.31B +44,548,156 +433%
TCI Fund Management
2
TCI Fund Management
United Kingdom
$3.96B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.22B +$93.4M +783,642 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.35B +$95.3M +800,108 +4%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$2.33B -$186M -1,557,250 -7%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$2.25B -$134M -1,124,436 -5%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$1.51B -$3.99M -33,516 -0.2%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.34B -$18.9M -158,248 -1%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.34B
Mackenzie Financial
10
Mackenzie Financial
Ontario, Canada
$1.3B +$31M +260,003 +2%
ECU
11
Egerton Capital (UK)
United Kingdom
$1.21B -$77.4M -649,986 -5%
JFL
12
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.11B -$34M -285,290 -3%
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$946M +$63.4M +531,876 +7%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$941M +$15.9M +133,353 +2%
Fidelity International
15
Fidelity International
Bermuda
$921M +$262M +2,198,579 +35%
Deutsche Bank
16
Deutsche Bank
Germany
$854M -$94.2M -790,632 -9%
Bank of Nova Scotia
17
Bank of Nova Scotia
Ontario, Canada
$627M -$98.6K -828 -0%
CIBC Asset Management
18
CIBC Asset Management
Ontario, Canada
$623M -$52.6M -441,868 -7%
Norges Bank
19
Norges Bank
Norway
$615M +$15.1M +126,624 +2%
Connor, Clark & Lunn Investment Management (CC&L)
20
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$594M +$56.1M +470,804 +9%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$544M +$15.4M +129,592 +3%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$531M -$30.7M -258,102 -5%
BGC
23
Beutel, Goodman & Co
Ontario, Canada
$517M -$11.6M -97,167 -2%
CCM
24
Causeway Capital Management
California
$503M -$48.9M -410,583 -8%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$495M -$10.1M -84,950 -2%

CNI Hedge Fund Activity: Q3 2022 in Review

738 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2022, worth a combined $48.3B — up 6.3% from $45.5B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of CNI and 61 opened new positions — a net loss of 10 holders — while 267 trimmed existing stakes and 248 added.

The largest buyer was Gates Foundation Trust, adding an estimated $5.31B. The largest seller was William Blair Investment Management, cutting an estimated $256M.

  • 738 institutional investors held Canadian National Railway (CNI) as of Q3 2022, down from 756 in Q2 2022.
  • Funds reported $48.3B of Canadian National Railway stock for Q3 2022, up 6.3% quarter-over-quarter.
  • 61 funds opened new Canadian National Railway positions in Q3 2022 and 71 closed out, a net change of -10 holders.
  • The largest Canadian National Railway buyer in Q3 2022 was Gates Foundation Trust, an estimated $5.31B added.
  • The largest Canadian National Railway seller in Q3 2022 was William Blair Investment Management, an estimated $256M sold.

Based on aggregated 13F filings for Q3 2022.