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Canadian National Railway
CNI

Overview Fund Activity

807 hedge funds and large institutions have $44.6B invested in Canadian National Railway in 2025 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 277 increasing their positions, 276 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
807
Holders Change
-4
Holders Change %
-0.49%
% of All Funds
10.82%
Holding in Top 10
24
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.32%
New
78
Increased
277
Reduced
276
Closed
66
Calls
$126M
Puts
$57.1M
Net Calls
+$68.9M
Net Calls Change
+$53.4M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
$2.34B
2
Fisher Asset Management
Fisher Asset Management
Washington
$190M
3
Fidelity International
Fidelity International
Bermuda
$493M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$695M
5
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.43B

Top Sellers

1
Bank of New York Mellon
Bank of New York Mellon
New York
$594M
2
TCI Fund Management
TCI Fund Management
United Kingdom
$2.39B
3
QC
Quadrature Capital
United Kingdom
$10M
4
CIBC World Market
CIBC World Market
Ontario, Canada
$504M
5
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$0
Name Holding Trade Value Shares
Change 		Shares
Change %
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.7B – – –
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.93B +$125M +1,201,730 +4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.49B +$79.3M +761,454 +3%
TCI Fund Management
4
TCI Fund Management
United Kingdom
$2.39B -$407M -3,910,012 -15%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$2.34B +$663M +6,372,688 +39%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.48B -$37.2M -357,059 -2%
Caisse de Depot et Placement du Quebec (CDPQ)
7
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.43B +$129M +1,241,322 +10%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.26B +$28.5M +273,974 +2%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$1.23B -$31M -298,256 -2%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$1.11B -$64.6M -620,539 -6%
Capital International Investors
11
Capital International Investors
California
$1.09B -$109M -1,049,960 -9%
JFL
12
Jarislowsky, Fraser Ltd
Quebec, Canada
$961M +$2.63M +25,244 +0.3%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$896M +$1.92M +18,403 +0.2%
National Bank of Canada
14
National Bank of Canada
Quebec, Canada
$775M -$13M -125,109 -2%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$695M +$146M +1,408,978 +27%
Arrowstreet Capital
16
Arrowstreet Capital
Massachusetts
$656M +$110M +1,051,977 +20%
T. Rowe Price Associates
17
T. Rowe Price Associates
Maryland
$642M -$49.1M -472,002 -7%
Deutsche Bank
18
Deutsche Bank
Germany
$630M -$10.5M -101,235 -2%
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$604M +$34.5M +330,901 +6%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$594M -$666M -6,397,027 -53%
Norges Bank
21
Norges Bank
Norway
$592M +$592M +5,677,554 New
CIBC Asset Management
22
CIBC Asset Management
Ontario, Canada
$545M +$28.7M +275,045 +6%
CIBC World Market
23
CIBC World Market
Ontario, Canada
$504M -$177M -1,700,845 -26%
Fidelity International
24
Fidelity International
Bermuda
$493M +$154M +1,478,619 +46%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$460M +$72.6M +689,309 +19%
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