Canadian National Railway
829 hedge funds and large institutions have $42B invested in Canadian National Railway in 2026 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 271 increasing their positions, 285 reducing their positions, and 64 closing their positions.
54% more call options, than puts
Call options by funds: $96M | Put options by funds: $62.4M
48% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 64
15% more funds holding in top 10
Funds holding in top 10: 20 → 23 (+3)
3% more funds holding
Funds holding: 807 → 829 (+22)
3% more capital invested
Capital invested by funds: $40.8B → $42B (+$1.16B)
5% less repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 285
1.17% less ownership
Funds ownership: 66.8% → 65.63% (-1.2%)
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$874M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$705M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$187M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$185M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$161M |
CNI Hedge Fund Activity: Q1 2026 in Review
829 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q1 2026, worth a combined $42B — up 2.8% from $40.8B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new CNI positions and 64 closed out — a net gain of 31 holders — while 271 added to existing stakes and 285 trimmed.
The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), adding an estimated $504M. The largest seller was Capital International Investors, cutting an estimated $874M.
- 829 institutional investors held Canadian National Railway (CNI) as of Q1 2026, up from 807 in Q4 2025.
- Funds reported $42B of Canadian National Railway stock for Q1 2026, up 2.8% quarter-over-quarter.
- 95 funds opened new Canadian National Railway positions in Q1 2026 and 64 closed out, a net change of +31 holders.
- The largest Canadian National Railway buyer in Q1 2026 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $504M added.
- The largest Canadian National Railway seller in Q1 2026 was Capital International Investors, an estimated $874M sold.
Based on aggregated 13F filings for Q1 2026.