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Canadian National Railway

791 hedge funds and large institutions have $55B invested in Canadian National Railway in 2023 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 267 increasing their positions, 279 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 53

1% more capital invested

Capital invested by funds: $54.4B → $55B (+$605M)

0.72% more ownership

Funds ownership: 67.81%68.53% (+0.72%)

0% more funds holding

Funds holding: 790791 (+1)

4% less repeat investments, than reductions

Existing positions increased: 267 | Existing positions reduced: 279

6% less funds holding in top 10

Funds holding in top 10: 4946 (-3)

26% less call options, than puts

Call options by funds: $111M | Put options by funds: $150M

Holders
791
Holders Change
+1
Holders Change %
+0.13%
% of All Funds
12.42%
Holding in Top 10
46
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-6.12%
% of All Funds
0.72%
New
57
Increased
267
Reduced
279
Closed
53
Calls
$111M
Puts
$150M
Net Calls
-$39M
Net Calls Change
+$20.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$6.64B
TCI Fund Management
2
TCI Fund Management
United Kingdom
$4.95B +$497M +4,189,128 +11%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.67B +$111M +931,971 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.67B +$45M +379,813 +2%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$2.47B +$510K +4,302 +0%
Massachusetts Financial Services
6
Massachusetts Financial Services
Massachusetts
$2.13B -$368M -3,102,797 -15%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.83B +$44.3M +373,619 +3%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$1.67B +$12.6M +106,492 +0.8%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.51B +$12.8M +108,100 +0.9%
Fidelity International
10
Fidelity International
Bermuda
$1.45B +$265M +2,237,592 +23%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$1.4B -$30.8M -259,950 -2%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$1.3B -$78.9M -665,378 -6%
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.12B -$36.5M -307,961 -3%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$1.02B -$8.93M -75,323 -0.9%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$983M -$6.71M -56,594 -0.7%
ECU
16
Egerton Capital (UK)
United Kingdom
$932M -$120M -1,014,587 -12%
National Bank of Canada
17
National Bank of Canada
Quebec, Canada
$733M +$27.3M +229,938 +4%
Norges Bank
18
Norges Bank
Norway
$724M -$5.45M -45,967 -0.8%
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$669M -$11.6M -97,630 -2%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$666M -$3.03M -25,556 -0.5%
Deutsche Bank
21
Deutsche Bank
Germany
$629M -$7.8M -65,741 -1%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$618M +$11.3M +95,552 +2%
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$605M +$4.13M +34,825 +0.7%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$583M -$50.6M -426,288 -8%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$575M +$21.6M +182,093 +4%

CNI Hedge Fund Activity: Q2 2023 in Review

791 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2023, worth a combined $55B — up 1.1% from $54.4B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new CNI positions and 53 closed out — a net gain of 4 holders — while 267 added to existing stakes and 279 trimmed.

The largest buyer was TCI Fund Management, adding an estimated $497M. The largest seller was Massachusetts Financial Services, cutting an estimated $368M.

  • 791 institutional investors held Canadian National Railway (CNI) as of Q2 2023, up from 790 in Q1 2023.
  • Funds reported $55B of Canadian National Railway stock for Q2 2023, up 1.1% quarter-over-quarter.
  • 57 funds opened new Canadian National Railway positions in Q2 2023 and 53 closed out, a net change of +4 holders.
  • The largest Canadian National Railway buyer in Q2 2023 was TCI Fund Management, an estimated $497M added.
  • The largest Canadian National Railway seller in Q2 2023 was Massachusetts Financial Services, an estimated $368M sold.

Based on aggregated 13F filings for Q2 2023.