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Canadian National Railway
CNI

Overview Fund Activity

811 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, 311 reducing their positions, and 95 closing their positions.

Holders
811
Holders Change
-35
Holders Change %
-4.14%
% of All Funds
11.02%
Holding in Top 10
24
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+20%
% of All Funds
0.33%
New
72
Increased
259
Reduced
311
Closed
95
Calls
$109M
Puts
$93.9M
Net Calls
+$15.5M
Net Calls Change
-$35.4M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
1
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$518M
2
CIBC World Market
2
CIBC World Market
Ontario, Canada
$638M
3
QC
3
Quadrature Capital
United Kingdom
$216M
4
NL
4
Nuveen LLC
North Carolina
$112M
5
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$647M

Top Sellers

1
Norges Bank
1
Norges Bank
Norway
$0
2
TCI Fund Management
2
TCI Fund Management
United Kingdom
$2.62B
3
Wellington Management Group
3
Wellington Management Group
Massachusetts
$1.57B
4
Royal London Asset Management
4
Royal London Asset Management
United Kingdom
$37M
5
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$2.63B
Name Market Value Shares Shares
Change 		Shares
Change %
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.34B 54,826,786 – –
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.63B 26,949,917 -807,121 -3%
TCI Fund Management
3
TCI Fund Management
United Kingdom
$2.62B 26,899,078 -2,794,686 -9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.25B 23,165,939 +179,261 +0.8%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$1.57B 16,136,037 -1,340,861 -8%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.42B 14,585,827 -760,462 -5%
Caisse de Depot et Placement du Quebec (CDPQ)
7
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.22B 12,496,600 – –
Massachusetts Financial Services
8
Massachusetts Financial Services
Massachusetts
$1.18B 12,121,917 +24,202 +0.2%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$1.18B 12,110,606 -379,542 -3%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.15B 11,798,566 +30,066 +0.3%
Capital International Investors
11
Capital International Investors
California
$1.12B 11,555,543 -266,520 -2%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$1.1B 11,243,512 +636,147 +6%
JFL
13
Jarislowsky, Fraser Ltd
Quebec, Canada
$897M 9,216,459 +57,384 +0.6%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$834M 8,571,806 +505,588 +6%
National Bank of Canada
15
National Bank of Canada
Quebec, Canada
$736M 7,579,624 -178,373 -2%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$647M 6,638,443 +1,148,569 +21%
CIBC World Market
17
CIBC World Market
Ontario, Canada
$638M 6,545,322 +1,215,571 +23%
Deutsche Bank
18
Deutsche Bank
Germany
$600M 6,155,864 +454,439 +8%
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$533M 5,469,682 -154,912 -3%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$518M 5,296,701 +1,439,617 +37%
Arrowstreet Capital
21
Arrowstreet Capital
Massachusetts
$511M 5,244,851 +430,382 +9%
CIBC Asset Management
22
CIBC Asset Management
Ontario, Canada
$483M 4,947,425 -172,249 -3%
Legal & General Group
23
Legal & General Group
United Kingdom
$419M 4,310,696 -218,619 -5%
BGC
24
Beutel, Goodman & Co
Ontario, Canada
$415M 4,262,691 +146,207 +4%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$364M 3,676,601 +370,409 +11%
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