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Canadian National Railway

790 hedge funds and large institutions have $54.4B invested in Canadian National Railway in 2023 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 235 increasing their positions, 283 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 56

1% more funds holding

Funds holding: 782790 (+8)

0.23% less ownership

Funds ownership: 68.04%67.81% (-0.23%)

0% less capital invested

Capital invested by funds: $54.7B → $54.4B (-$269M)

17% less funds holding in top 10

Funds holding in top 10: 5949 (-10)

17% less repeat investments, than reductions

Existing positions increased: 235 | Existing positions reduced: 283

38% less call options, than puts

Call options by funds: $97.9M | Put options by funds: $157M

Holders
790
Holders Change
+8
Holders Change %
+1.02%
% of All Funds
12.59%
Holding in Top 10
49
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-16.95%
% of All Funds
0.78%
New
75
Increased
235
Reduced
283
Closed
56
Calls
$97.9M
Puts
$157M
Net Calls
-$59.4M
Net Calls Change
-$100M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$6.47B
TCI Fund Management
2
TCI Fund Management
United Kingdom
$4.33B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.47B -$79.7M -673,919 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.56B -$23.2M -195,863 -0.9%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$2.44B -$40M -338,554 -2%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$2.4B +$22.3M +188,460 +0.9%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$2.39B -$86.7M -733,121 -5%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$1.62B -$15.7M -132,917 -1%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.45B
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.39B -$31.7M -267,800 -2%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$1.34B -$39.1M -330,957 -3%
Fidelity International
12
Fidelity International
Bermuda
$1.15B -$7.21M -61,014 -0.6%
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.13B +$8.32M +70,386 +0.7%
ECU
14
Egerton Capital (UK)
United Kingdom
$1.03B -$269M -2,271,953 -21%
1832 Asset Management
15
1832 Asset Management
Ontario, Canada
$1B +$8.88M +75,087 +0.9%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$965M +$7.75M +65,541 +0.8%
Norges Bank
17
Norges Bank
Norway
$711M -$11.7M -99,293 -2%
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$687M -$17.6M -149,226 -2%
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$662M +$7.82M +66,171 +1%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$652M -$16.2M -137,079 -2%
Deutsche Bank
21
Deutsche Bank
Germany
$621M -$120M -1,018,745 -16%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$618M +$64.8M +548,518 +12%
CIBC World Market
23
CIBC World Market
Ontario, Canada
$590M -$14.9M -126,475 -2%
Fiera Capital (Canada)
24
Fiera Capital (Canada)
Quebec, Canada
$584M -$21.5M -181,712 -4%
CCM
25
Causeway Capital Management
California
$558M +$58.6M +495,467 +12%

CNI Hedge Fund Activity: Q1 2023 in Review

790 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2023, worth a combined $54.4B — down 0.49% from $54.7B a quarter earlier.

Buyers outnumbered sellers: 75 funds opened new CNI positions and 56 closed out — a net gain of 19 holders — while 235 added to existing stakes and 283 trimmed.

The largest buyer was Capital International Investors, opening a new position worth an estimated $282M. The largest seller was Egerton Capital (UK), cutting an estimated $269M.

  • 790 institutional investors held Canadian National Railway (CNI) as of Q1 2023, up from 782 in Q4 2022.
  • Funds reported $54.4B of Canadian National Railway stock for Q1 2023, down 0.49% quarter-over-quarter.
  • 75 funds opened new Canadian National Railway positions in Q1 2023 and 56 closed out, a net change of +19 holders.
  • The largest Canadian National Railway buyer in Q1 2023 was Capital International Investors, an estimated $282M added.
  • The largest Canadian National Railway seller in Q1 2023 was Egerton Capital (UK), an estimated $269M sold.

Based on aggregated 13F filings for Q1 2023.