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Canadian National Railway

812 hedge funds and large institutions have $41.2B invested in Canadian National Railway in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 259 increasing their positions, 312 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

more funds holding in top 10

Funds holding in top 10:

more call options, than puts

Call options by funds: $ | Put options by funds: $

less ownership

Funds ownership:

less funds holding

Funds holding:

5% less capital invested

Capital invested by funds: $43.5B → $41.2B (-$2.33B)

17% less repeat investments, than reductions

Existing positions increased: 259 | Existing positions reduced: 312

24% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 95

Holders
812
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
24
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$109M
Puts
$93.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.34B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.63B
TCI Fund Management
3
TCI Fund Management
United Kingdom
$2.62B
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.25B
Wellington Management Group
5
Wellington Management Group
Massachusetts
$1.57B
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.42B
Caisse de Depot et Placement du Quebec (CDPQ)
7
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.22B
Massachusetts Financial Services
8
Massachusetts Financial Services
Massachusetts
$1.18B
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.18B
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.15B
Capital International Investors
11
Capital International Investors
California
$1.12B
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$1.1B
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$897M
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$834M
National Bank of Canada
15
National Bank of Canada
Quebec, Canada
$736M
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$647M
CIBC World Market
17
CIBC World Market
Ontario, Canada
$638M
Deutsche Bank
18
Deutsche Bank
Germany
$600M
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$533M
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$518M
Arrowstreet Capital
21
Arrowstreet Capital
Massachusetts
$511M
CIBC Asset Management
22
CIBC Asset Management
Ontario, Canada
$483M
Legal & General Group
23
Legal & General Group
United Kingdom
$419M
BGC
24
Beutel, Goodman & Co
Ontario, Canada
$415M
Geode Capital Management
25
Geode Capital Management
Massachusetts
$364M