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Canadian National Railway

782 hedge funds and large institutions have $54.7B invested in Canadian National Railway in 2022 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 230 increasing their positions, 289 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 43

21% more call options, than puts

Call options by funds: $232M | Put options by funds: $191M

13% more capital invested

Capital invested by funds: $48.3B → $54.7B (+$6.36B)

9% more funds holding in top 10

Funds holding in top 10: 5459 (+5)

6% more funds holding

Funds holding: 738782 (+44)

0.26% more ownership

Funds ownership: 67.79%68.04% (+0.26%)

20% less repeat investments, than reductions

Existing positions increased: 230 | Existing positions reduced: 289

Holders
782
Holders Change
+44
Holders Change %
+5.96%
% of All Funds
12.57%
Holding in Top 10
59
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+9.26%
% of All Funds
0.95%
New
97
Increased
230
Reduced
289
Closed
43
Calls
$232M
Puts
$191M
Net Calls
+$40.7M
Net Calls Change
+$62.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$6.52B
TCI Fund Management
2
TCI Fund Management
United Kingdom
$4.36B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.58B +$36.2M +302,869 +1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.6B +$13.8M +115,267 +0.5%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$2.5B -$72.8M -609,450 -3%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$2.4B -$62.8M -525,166 -3%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.9B -$207M -1,728,163 -10%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$1.65B -$16.6M -138,916 -1%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.46B
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.43B -$16.3M -136,457 -1%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$1.39B -$42.1M -352,078 -3%
ECU
12
Egerton Capital (UK)
United Kingdom
$1.31B -$22.8M -190,913 -2%
Fidelity International
13
Fidelity International
Bermuda
$1.17B +$154M +1,292,154 +15%
JFL
14
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.13B -$85.7M -717,158 -7%
1832 Asset Management
15
1832 Asset Management
Ontario, Canada
$1B -$32.7M -273,719 -3%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$963M -$66.7M -558,323 -6%
Deutsche Bank
17
Deutsche Bank
Germany
$747M -$194M -1,625,838 -21%
Norges Bank
18
Norges Bank
Norway
$728M +$50.3M +420,403 +7%
National Bank of Canada
19
National Bank of Canada
Quebec, Canada
$710M +$460M +3,846,281 +180%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$673M -$17M -142,122 -2%
CIBC Asset Management
21
CIBC Asset Management
Ontario, Canada
$660M -$22.9M -191,910 -3%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$610M +$4.58M +38,281 +0.8%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$609M -$45.6M -381,159 -7%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$609M +$9.8M +81,985 +2%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$557M +$12.4M +103,337 +2%

CNI Hedge Fund Activity: Q4 2022 in Review

782 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2022, worth a combined $54.7B — up 13% from $48.3B a quarter earlier.

Buyers outnumbered sellers: 97 funds opened new CNI positions and 43 closed out — a net gain of 54 holders — while 230 added to existing stakes and 289 trimmed.

The largest buyer was National Bank of Canada, adding an estimated $460M. The largest seller was Bank of Montreal, cutting an estimated $207M.

  • 782 institutional investors held Canadian National Railway (CNI) as of Q4 2022, up from 738 in Q3 2022.
  • Funds reported $54.7B of Canadian National Railway stock for Q4 2022, up 13% quarter-over-quarter.
  • 97 funds opened new Canadian National Railway positions in Q4 2022 and 43 closed out, a net change of +54 holders.
  • The largest Canadian National Railway buyer in Q4 2022 was National Bank of Canada, an estimated $460M added.
  • The largest Canadian National Railway seller in Q4 2022 was Bank of Montreal, an estimated $207M sold.

Based on aggregated 13F filings for Q4 2022.