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Canadian National Railway

807 hedge funds and large institutions have $40.8B invested in Canadian National Railway in 2025 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 254 increasing their positions, 277 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 49

82% more call options, than puts

Call options by funds: $109M | Put options by funds: $60.1M

11% more funds holding in top 10

Funds holding in top 10: 1820 (+2)

6% more funds holding

Funds holding: 758807 (+49)

5% more capital invested

Capital invested by funds: $38.9B → $40.8B (+$1.98B)

0.51% more ownership

Funds ownership: 66.3%66.81% (+0.51%)

8% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 277

Holders
807
Holders Change
+49
Holders Change %
+6.46%
% of All Funds
9.82%
Holding in Top 10
20
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.11%
% of All Funds
0.24%
New
114
Increased
254
Reduced
277
Closed
49
Calls
$109M
Puts
$60.1M
Net Calls
+$49.3M
Net Calls Change
-$1.96M
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.12B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.58B -$69.1M -718,329 -3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.44B +$33.3M +346,670 +1%
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$1.85B +$894M +9,294,926 +98%
Fidelity International
5
Fidelity International
Bermuda
$1.56B +$501M +5,210,403 +49%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.4B -$2.18M -22,702 -0.2%
Caisse de Depot et Placement du Quebec (CDPQ)
7
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.38B
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.13B -$8.62M -89,681 -0.8%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$1.05B -$103M -1,076,172 -9%
Capital International Investors
10
Capital International Investors
California
$981M -$11.4M -118,538 -1%
TCI Fund Management
11
TCI Fund Management
United Kingdom
$974M -$857M -8,917,840 -48%
Wellington Management Group
12
Wellington Management Group
Massachusetts
$922M -$227M -2,360,035 -20%
Deutsche Bank
13
Deutsche Bank
Germany
$889M +$114M +1,182,106 +15%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$882M +$25.8M +268,776 +3%
Lazard Asset Management
15
Lazard Asset Management
New York
$881M -$5.01M -52,087 -0.6%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$794M +$8.65M +89,972 +1%
National Bank of Canada
17
National Bank of Canada
Quebec, Canada
$663M -$19.4M -201,802 -3%
Fiera Capital (Canada)
18
Fiera Capital (Canada)
Quebec, Canada
$658M +$17M +176,872 +3%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$610M +$16.7M +173,410 +3%
Norges Bank
20
Norges Bank
Norway
$570M +$554M +5,764,854 New
Geode Capital Management
21
Geode Capital Management
Massachusetts
$515M +$20.1M +209,319 +4%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$511M +$62.7M +651,763 +14%
ClearBridge Investments
23
ClearBridge Investments
New York
$443M +$93.9M +976,324 +28%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$441M +$38.4M +399,711 +10%
Legal & General Group
25
Legal & General Group
United Kingdom
$407M -$10.2M -106,258 -3%