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Canadian National Railway
CNI

856 hedge funds and large institutions have $59.1B invested in Canadian National Railway in 2024 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 284 increasing their positions, 292 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

249% more call options, than puts

Call options by funds: $168M | Put options by funds: $48.2M

96% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 45

4% more funds holding

Funds holding: 823 → 856 (+33)

3% more capital invested

Capital invested by funds: $57.4B → $59.1B (+$1.74B)

0.37% less ownership

Funds ownership: 70.31% → 69.94% (-0.37%)

3% less repeat investments, than reductions

Existing positions increased: 284 | Existing positions reduced: 292

11% less funds holding in top 10

Funds holding in top 10: 47 → 42 (-5)

Holders
856
Holders Change
+33
Holders Change %
+4.01%
% of All Funds
12.33%
Holding in Top 10
42
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-10.64%
% of All Funds
0.61%
New
88
Increased
284
Reduced
292
Closed
45
Calls
$168M
Puts
$48.2M
Net Calls
+$120M
Net Calls Change
+$174M

Top Buyers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$277M
2
Capital International Investors
Capital International Investors
California
+$176M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$104M
4
ECU
Egerton Capital (UK)
United Kingdom
+$89.2M
5
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$62.1M

Top Sellers

1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$361M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$240M
3
Morgan Stanley
Morgan Stanley
New York
-$172M
4
MBI
Montrusco Bolton Investments
Quebec, Canada
-$156M
5
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$139M
Name Holding Trade Value Shares
Change 		Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$7.22B – – –
TCI Fund Management
2
TCI Fund Management
United Kingdom
$5.2B -$74.6M -583,928 -1%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.59B +$23.7M +185,794 +0.7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.95B -$683K -5,341 -0%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$2.63B -$240M -1,878,124 -9%
Fidelity International
6
Fidelity International
Bermuda
$2.46B -$68.8M -538,008 -3%
Massachusetts Financial Services
7
Massachusetts Financial Services
Massachusetts
$2.14B -$54.9M -429,436 -3%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$1.96B -$91.5M -716,113 -5%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.76B -$41.6M -325,426 -2%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.65B -$33.5M -261,700 -2%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$1.52B -$11.1M -86,851 -0.7%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$1.24B -$66M -515,961 -5%
Capital International Investors
13
Capital International Investors
California
$1.19B +$176M +1,379,976 +18%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$1.14B -$12.1M -94,393 -1%
JFL
15
Jarislowsky, Fraser Ltd
Quebec, Canada
$1.12B -$39.4M -308,249 -3%
Norges Bank
16
Norges Bank
Norway
$805M -$1.8M -14,083 -0.2%
ECU
17
Egerton Capital (UK)
United Kingdom
$791M +$89.2M +697,980 +13%
Deutsche Bank
18
Deutsche Bank
Germany
$703M -$34M -266,277 -5%
Legal & General Group
19
Legal & General Group
United Kingdom
$677M +$25.5M +199,190 +4%
National Bank of Canada
20
National Bank of Canada
Quebec, Canada
$674M -$139M -1,087,484 -17%
CIBC Asset Management
21
CIBC Asset Management
Ontario, Canada
$663M -$12.7M -99,149 -2%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$653M +$34.1M +266,595 +6%
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$633M -$20.7M -162,305 -3%
BGC
24
Beutel, Goodman & Co
Ontario, Canada
$622M -$7.5M -58,708 -1%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$621M -$41.3M -323,418 -6%
1
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CNI Hedge Fund Activity: Q1 2024 in Review

856 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2024, worth a combined $59.1B — up 3% from $57.4B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new CNI positions and 45 closed out — a net gain of 43 holders — while 284 added to existing stakes and 292 trimmed.

The largest buyer was Canada Pension Plan Investment Board, adding an estimated $277M. The largest seller was Toronto Dominion Bank, cutting an estimated $361M.

  • 856 institutional investors held Canadian National Railway (CNI) as of Q1 2024, up from 823 in Q4 2023.
  • Funds reported $59.1B of Canadian National Railway stock for Q1 2024, up 3% quarter-over-quarter.
  • 88 funds opened new Canadian National Railway positions in Q1 2024 and 45 closed out, a net change of +43 holders.
  • The largest Canadian National Railway buyer in Q1 2024 was Canada Pension Plan Investment Board, an estimated $277M added.
  • The largest Canadian National Railway seller in Q1 2024 was Toronto Dominion Bank, an estimated $361M sold.

Based on aggregated 13F filings for Q1 2024.