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Canadian National Railway

820 hedge funds and large institutions have $41.9B invested in Canadian National Railway in 2026 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 268 increasing their positions, 282 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more call options, than puts

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

more funds holding in top 10

Funds holding in top 10:

more funds holding

Funds holding:

3% more capital invested

Capital invested by funds: $40.8B → $41.9B (+$1.11B)

5% less repeat investments, than reductions

Existing positions increased: 268 | Existing positions reduced: 282

1.21% less ownership

Funds ownership: 66.78%65.56% (-1.2%)

Holders
820
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$96M
Puts
$62.4M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Gates Foundation Trust
1
Gates Foundation Trust
Washington
$5.33B
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.83B
Caisse de Depot et Placement du Quebec (CDPQ)
3
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.93B
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$1.92B
Fidelity International
5
Fidelity International
Bermuda
$1.73B
VCM
6
Vanguard Capital Management
Pennsylvania
$1.63B
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.44B
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.24B
Wellington Management Group
9
Wellington Management Group
Massachusetts
$1.18B
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$1.05B
TCI Fund Management
11
TCI Fund Management
United Kingdom
$1.01B
Lazard Asset Management
12
Lazard Asset Management
New York
$934M
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$903M
Deutsche Bank
14
Deutsche Bank
Germany
$740M
National Bank of Canada
15
National Bank of Canada
Quebec, Canada
$686M
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$666M
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$636M
Geode Capital Management
18
Geode Capital Management
Massachusetts
$543M
ClearBridge Investments
19
ClearBridge Investments
New York
$540M
CIBC World Market
20
CIBC World Market
Ontario, Canada
$527M
VFT
21
Vanguard Fiduciary Trust
Pennsylvania
$494M
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$486M
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$471M
Canada Pension Plan Investment Board
24
Canada Pension Plan Investment Board
Ontario, Canada
$462M
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$453M