Canadian National Railway
824 hedge funds and large institutions have $57.2B invested in Canadian National Railway in 2023 Q4 according to their latest regulatory filings, with 113 funds opening new positions, 272 increasing their positions, 269 reducing their positions, and 46 closing their positions.
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: 39 → 47 (+8)
16% more capital invested
Capital invested by funds: $49.4B → $57.2B (+$7.79B)
7% more funds holding
Funds holding: 772 → 824 (+52)
1% more repeat investments, than reductions
Existing positions increased: 272 | Existing positions reduced: 269
0.9% more ownership
Funds ownership: 69.2% → 70.1% (+0.9%)
37% less call options, than puts
Call options by funds: $89.9M | Put options by funds: $144M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$334M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$216M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$145M |
| 4 |
ClearBridge Investments
New York
|
+$127M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$112M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$226M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$151M |
| 3 |
Morgan Stanley
New York
|
-$134M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$133M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$122M |
CNI Hedge Fund Activity: Q4 2023 in Review
824 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q4 2023, worth a combined $57.2B — 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 272 added to existing stakes and 269 trimmed.
The largest buyer was Capital International Investors, adding an estimated $334M. The largest seller was Royal Bank of Canada, cutting an estimated $226M.
- 824 institutional investors held Canadian National Railway (CNI) as of Q4 2023, up from 772 in Q3 2023.
- Funds reported $57.2B 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.