Canadian National Railway
849 hedge funds and large institutions have $49.4B invested in Canadian National Railway in 2026 Q2 according to their latest regulatory filings, with 89 funds opening new positions, 300 increasing their positions, 264 reducing their positions, and 60 closing their positions.
231% more call options, than puts
Call options by funds: $189M | Put options by funds: $57M
48% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 60
30% more funds holding in top 10
Funds holding in top 10: 23 → 30 (+7)
18% more capital invested
Capital invested by funds: $42B → $49.4B (+$7.4B)
14% more repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 264
2% more funds holding
Funds holding: 830 → 849 (+19)
0.99% more ownership
Funds ownership: 65.63% → 66.62% (+0.99%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$415M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$364M |
| 3 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$290M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$261M |
| 5 |
PAM
PineStone Asset Management
Montreal,
Quebec, Canada
|
+$232M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$588M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$340M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$266M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
-$265M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$253M |
CNI Hedge Fund Activity: Q2 2026 in Review
849 of the 8,348 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2026, worth a combined $49.4B — up 18% from $42B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new CNI positions and 60 closed out — a net gain of 29 holders — while 300 added to existing stakes and 264 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $415M. The largest seller was Lazard Asset Management, cutting an estimated $588M.
- 849 institutional investors held Canadian National Railway (CNI) as of Q2 2026, up from 830 in Q1 2026.
- Funds reported $49.4B of Canadian National Railway stock for Q2 2026, up 18% quarter-over-quarter.
- 89 funds opened new Canadian National Railway positions in Q2 2026 and 60 closed out, a net change of +29 holders.
- The largest Canadian National Railway buyer in Q2 2026 was Royal Bank of Canada, an estimated $415M added.
- The largest Canadian National Railway seller in Q2 2026 was Lazard Asset Management, an estimated $588M sold.
Based on aggregated 13F filings for Q2 2026.