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Canadian National Railway

771 hedge funds and large institutions have $49.4B invested in Canadian National Railway in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 245 increasing their positions, 288 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.68% more ownership

Funds ownership: 68.53%69.2% (+0.68%)

3% less funds holding

Funds holding: 791771 (-20)

10% less capital invested

Capital invested by funds: $55B → $49.4B (-$5.63B)

15% less repeat investments, than reductions

Existing positions increased: 245 | Existing positions reduced: 288

15% less funds holding in top 10

Funds holding in top 10: 4639 (-7)

17% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 75

38% less call options, than puts

Call options by funds: $91.7M | Put options by funds: $147M

Holders
771
Holders Change
-20
Holders Change %
-2.53%
% of All Funds
12.24%
Holding in Top 10
39
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-15.22%
% of All Funds
0.62%
New
62
Increased
245
Reduced
288
Closed
75
Calls
$91.7M
Puts
$147M
Net Calls
-$55.4M
Net Calls Change
-$16.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.94B
TCI Fund Management
2
TCI Fund Management
United Kingdom
$4.43B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.15B -$144M -1,253,111 -4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.38B -$6.21M -54,098 -0.2%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$2.17B -$48M -418,562 -2%
Fidelity International
6
Fidelity International
Bermuda
$1.94B +$678M +5,912,826 +49%
Massachusetts Financial Services
7
Massachusetts Financial Services
Massachusetts
$1.82B -$84.1M -733,107 -4%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$1.8B +$55.9M +487,370 +3%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.48B -$13M -113,055 -0.8%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.42B +$71.8M +625,500 +5%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$1.23B -$24.9M -216,729 -2%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$1.09B -$50M -436,114 -4%
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$990M -$17.6M -153,317 -2%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$945M +$32.7M +285,059 +3%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$695M -$201M -1,747,797 -22%
Norges Bank
16
Norges Bank
Norway
$677M +$31.2M +271,596 +5%
National Bank of Canada
17
National Bank of Canada
Quebec, Canada
$646M +$1.72M +15,014 +0.2%
Deutsche Bank
18
Deutsche Bank
Germany
$604M +$43.4M +378,513 +7%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$590M -$5.86M -51,038 -0.9%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$572M -$29.5M -257,494 -5%
ECU
21
Egerton Capital (UK)
United Kingdom
$560M -$290M -2,525,764 -33%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$541M -$148K -1,288 -0%
CIBC World Market
23
CIBC World Market
Ontario, Canada
$539M -$14.3M -124,838 -2%
BGC
24
Beutel, Goodman & Co
Ontario, Canada
$520M +$34.7M +302,152 +7%
Capital International Investors
25
Capital International Investors
California
$506M +$87.4M +761,357 +19%

CNI Hedge Fund Activity: Q3 2023 in Review

771 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q3 2023, worth a combined $49.4B — down 10% from $55B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of CNI and 62 opened new positions — a net loss of 13 holders — while 288 trimmed existing stakes and 245 added.

The largest buyer was Fidelity International, adding an estimated $678M. The largest seller was Causeway Capital Management, exiting entirely with an estimated $350M sold.

  • 771 institutional investors held Canadian National Railway (CNI) as of Q3 2023, down from 791 in Q2 2023.
  • Funds reported $49.4B of Canadian National Railway stock for Q3 2023, down 10% quarter-over-quarter.
  • 62 funds opened new Canadian National Railway positions in Q3 2023 and 75 closed out, a net change of -13 holders.
  • The largest Canadian National Railway buyer in Q3 2023 was Fidelity International, an estimated $678M added.
  • The largest Canadian National Railway seller in Q3 2023 was Causeway Capital Management, an estimated $350M sold.

Based on aggregated 13F filings for Q3 2023.