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Canadian National Railway

823 hedge funds and large institutions have $57.4B invested in Canadian National Railway in 2023 Q4 according to their latest regulatory filings, with 113 funds opening new positions, 273 increasing their positions, 268 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 46

21% more funds holding in top 10

Funds holding in top 10: 3947 (+8)

16% more capital invested

Capital invested by funds: $49.4B → $57.4B (+$7.96B)

7% more funds holding

Funds holding: 771823 (+52)

1.11% more ownership

Funds ownership: 69.2%70.31% (+1.1%)

2% more repeat investments, than reductions

Existing positions increased: 273 | Existing positions reduced: 268

37% less call options, than puts

Call options by funds: $89.9M | Put options by funds: $144M

Holders
823
Holders Change
+52
Holders Change %
+6.74%
% of All Funds
12%
Holding in Top 10
47
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+20.51%
% of All Funds
0.69%
New
113
Increased
273
Reduced
268
Closed
46
Calls
$89.9M
Puts
$144M
Net Calls
-$53.7M
Net Calls Change
+$1.65M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$6.89B
TCI Fund Management
2
TCI Fund Management
United Kingdom
$5.04B -$92.5M -816,640 -2%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.4B -$226M -1,995,894 -7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.81B +$43.9M +387,975 +2%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$2.76B +$216M +1,907,938 +10%
Fidelity International
6
Fidelity International
Bermuda
$2.41B +$145M +1,280,726 +7%
Massachusetts Financial Services
7
Massachusetts Financial Services
Massachusetts
$2.09B -$21.8M -192,235 -1%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$1.95B -$7.26M -64,084 -0.4%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.72B -$5.34M -47,108 -0.3%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.61B -$35M -309,000 -2%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$1.47B +$35.6M +314,600 +3%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$1.25B -$36.1M -318,841 -3%
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.11B -$31.2M -275,772 -3%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$1.1B +$7M +61,752 +0.7%
Capital International Investors
15
Capital International Investors
California
$958M +$334M +2,951,506 +63%
National Bank of Canada
16
National Bank of Canada
Quebec, Canada
$801M +$35.3M +311,961 +5%
Norges Bank
17
Norges Bank
Norway
$770M -$14.7M -129,678 -2%
Deutsche Bank
18
Deutsche Bank
Germany
$704M +$3.43M +30,276 +0.5%
ECU
19
Egerton Capital (UK)
United Kingdom
$667M +$15.7M +138,589 +3%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$648M -$14.6M -129,203 -2%
Manulife (Manufacturers Life Insurance)
21
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$634M -$151M -1,335,069 -21%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$626M -$2M -17,659 -0.4%
Legal & General Group
23
Legal & General Group
United Kingdom
$624M +$52.1M +459,540 +10%
BGC
24
Beutel, Goodman & Co
Ontario, Canada
$604M +$173K +1,529 +0%
CIBC World Market
25
CIBC World Market
Ontario, Canada
$590M -$31.3M -276,686 -6%

CNI Hedge Fund Activity: Q4 2023 in Review

823 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2023, worth a combined $57.4B — up 16% from $49.4B a quarter earlier.

Buyers outnumbered sellers: 113 funds opened new CNI positions and 46 closed out — a net gain of 67 holders — while 273 added to existing stakes and 268 trimmed.

The largest buyer was Capital International Investors, adding an estimated $334M. The largest seller was Royal Bank of Canada, cutting an estimated $226M.

  • 823 institutional investors held Canadian National Railway (CNI) as of Q4 2023, up from 771 in Q3 2023.
  • Funds reported $57.4B of Canadian National Railway stock for Q4 2023, up 16% quarter-over-quarter.
  • 113 funds opened new Canadian National Railway positions in Q4 2023 and 46 closed out, a net change of +67 holders.
  • The largest Canadian National Railway buyer in Q4 2023 was Capital International Investors, an estimated $334M added.
  • The largest Canadian National Railway seller in Q4 2023 was Royal Bank of Canada, an estimated $226M sold.

Based on aggregated 13F filings for Q4 2023.