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Canadian National Railway

824 hedge funds and large institutions have $41.9B invested in Canadian National Railway in 2026 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 270 increasing their positions, 284 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 61

54% more call options, than puts

Call options by funds: $96M | Put options by funds: $62.4M

10% more funds holding in top 10

Funds holding in top 10: 2022 (+2)

2% more funds holding

Funds holding: 807824 (+17)

3% more capital invested

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

5% less repeat investments, than reductions

Existing positions increased: 270 | Existing positions reduced: 284

1.21% less ownership

Funds ownership: 66.81%65.6% (-1.2%)

Holders
824
Holders Change
+17
Holders Change %
+2.11%
% of All Funds
10.15%
Holding in Top 10
22
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+10%
% of All Funds
0.27%
New
94
Increased
270
Reduced
284
Closed
61
Calls
$96M
Puts
$62.4M
Net Calls
+$33.6M
Net Calls Change
-$15.7M
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 +$144M +1,395,155 +5%
Caisse de Depot et Placement du Quebec (CDPQ)
3
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.93B +$504M +4,889,251 +35%
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$1.92B -$6.65M -64,506 -0.3%
Fidelity International
5
Fidelity International
Bermuda
$1.73B +$113M +1,095,474 +7%
VCM
6
Vanguard Capital Management
Pennsylvania
$1.63B +$1.63B +15,798,602 New
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.44B -$18.9M -183,216 -1%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$1.24B +$78.1M +756,856 +7%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$1.18B +$228M +2,207,383 +24%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$1.05B -$705M -6,834,049 -65%
TCI Fund Management
11
TCI Fund Management
United Kingdom
$1.01B
Lazard Asset Management
12
Lazard Asset Management
New York
$934M +$17.9M +173,894 +2%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$903M -$12.2M -118,617 -1%
Deutsche Bank
14
Deutsche Bank
Germany
$740M -$185M -1,792,982 -20%
National Bank of Canada
15
National Bank of Canada
Quebec, Canada
$686M -$2.59M -25,090 -0.4%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$666M -$161M -1,556,416 -19%
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$636M -$47.1M -457,072 -7%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$543M +$10.6M +103,127 +2%
ClearBridge Investments
19
ClearBridge Investments
New York
$540M +$79.6M +771,790 +17%
CIBC World Market
20
CIBC World Market
Ontario, Canada
$527M -$6.84M -66,307 -1%
VFT
21
Vanguard Fiduciary Trust
Pennsylvania
$494M +$495M +4,795,222 New
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$486M -$148M -1,436,646 -23%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$471M +$155M +1,507,551 +49%
Canada Pension Plan Investment Board
24
Canada Pension Plan Investment Board
Ontario, Canada
$462M +$91.3M +885,500 +25%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$453M -$4.98M -48,243 -1%