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Canadian National Railway

744 hedge funds and large institutions have $38.8B invested in Canadian National Railway in 2025 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 236 increasing their positions, 289 reducing their positions, and 102 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

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

less ownership

Funds ownership:

less funds holding

Funds holding:

less capital invested

Capital invested by funds: $ → $

18% less repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 289

25% less funds holding in top 10

Funds holding in top 10: 2418 (-6)

48% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 102

Holders
744
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
18
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$168M
Puts
$117M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$4.89B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.53B
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.29B
TCI Fund Management
4
TCI Fund Management
United Kingdom
$1.77B
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$1.34B
Caisse de Depot et Placement du Quebec (CDPQ)
6
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.31B
Wellington Management Group
7
Wellington Management Group
Massachusetts
$1.1B
Massachusetts Financial Services
8
Massachusetts Financial Services
Massachusetts
$1.1B
TD Asset Management
9
TD Asset Management
Ontario, Canada
$1.08B
Fidelity International
10
Fidelity International
Bermuda
$994M
Capital International Investors
11
Capital International Investors
California
$946M
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$891M
Lazard Asset Management
13
Lazard Asset Management
New York
$844M
JFL
14
Jarislowsky, Fraser Ltd
Quebec, Canada
$837M
Mackenzie Financial
15
Mackenzie Financial
Ontario, Canada
$813M
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$749M
Deutsche Bank
17
Deutsche Bank
Germany
$737M
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$651M
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$610M
Arrowstreet Capital
20
Arrowstreet Capital
Massachusetts
$565M
Bank of New York Mellon
21
Bank of New York Mellon
New York
$493M
Geode Capital Management
22
Geode Capital Management
Massachusetts
$469M
CIBC World Market
23
CIBC World Market
Ontario, Canada
$426M
CIBC Asset Management
24
CIBC Asset Management
Ontario, Canada
$424M
Legal & General Group
25
Legal & General Group
United Kingdom
$398M