Canadian Natl RailwayCNI
13F holders, Q1 2025 (March 31)821holders −34
57new positions
91sold out
9famous investors
$97.57avg. 13F price*
At the end of Q1 2025, 821 institutions reported holding Canadian Natl Railway Co. (CNI) in their 13F filings, down 34 from Q4 2024. 57 opened new positions and 91 sold out. The largest holders were Gates Foundation Trust ($5.3B), Royal Bank of Canada ($2.6B) and TCI Fund Management ($2.6B). 9 famous investors held it, including Bill Gates / Michael Larson (12.8% of Gates Foundation Trust's portfolio), Chris Hohn (6.0% of TCI Fund Management's portfolio) and Steve Cohen (0.3% of Point72 Asset Management's portfolio).
- Company
- Canadian Natl Railway Co.
- CUSIP
- 136375102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 57 | $205.3M |
| Exits | 91 | $107.9M |
All 13F filers, Q4 2024 → Q1 2025: 20,422,623 shares bought and 16,694,073 shares sold, net +3,728,550 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 821 holders
| Gates Foundation Trust | 12.78% | No change | 54,826,786 | $5.3B |
| Royal Bank of Canada | 0.59% | Reduce -2.9% | 26,949,917 | $2.6B |
| TCI Fund Management | 6.04% | Reduce -9.4% | 26,899,078 | $2.6B |
| Vanguard Group Inc. | 0.04% | Add +0.8% | 23,165,939 | $2.3B |
| Wellington Management Group LLP | 0.30% | Reduce -7.7% | 16,136,037 | $1.6B |
| Bank of Montreal | 0.76% | Reduce -5.0% | 14,585,827 | $1.4B |
| Caisse de depot et placement du Quebec | 2.55% | No change | 12,496,600 | $1.2B |
| Massachusetts Financial Services Co. | 0.39% | Add +0.2% | 12,121,917 | $1.2B |
| Bank of New York Mellon Corp | 0.23% | Reduce -3.0% | 12,110,606 | $1.2B |
| TD Asset Management Inc | 1.06% | Add +0.3% | 11,798,566 | $1.1B |
| Capital International Investors | 0.22% | Reduce -2.3% | 11,555,543 | $1.1B |
| 1832 Asset Management L.P. | 2.09% | Add +6.0% | 11,243,512 | $1.1B |
| JARISLOWSKY, FRASER Ltd | 5.62% | Add +0.6% | 9,216,459 | $896.8M |
| Mackenzie Financial Corp. | 1.19% | Add +6.3% | 8,571,806 | $834.1M |
| National Bank of Canada | 0.86% | Reduce -2.3% | 7,579,624 | $736.3M |
| T. Rowe Price Associates Inc. | 0.08% | Add +20.9% | 6,638,443 | $647.0M |
| Cibc World Market Inc. | 1.46% | Add +22.8% | 6,545,322 | $637.9M |
| Deutsche Bank AG | 0.24% | Add +8.0% | 6,155,864 | $600.0M |
| Norges Bank | 0.08% | Reduce -0.1% | 5,548,937 | $540.1M |
| Fiera Capital Corp | 1.92% | Reduce -2.8% | 5,469,682 | $532.8M |
| Manufacturers Life Insurance Company, The | 0.50% | Add +37.3% | 5,296,701 | $518.3M |
| Arrowstreet Capital, Limited Partnership | 0.41% | Add +8.9% | 5,244,851 | $510.8M |
| CIBC Asset Management Inc | 1.60% | Reduce -3.4% | 4,947,425 | $482.6M |
| Legal & General Group Plc | 0.11% | Reduce -4.8% | 4,310,696 | $419.5M |
| Beutel, Goodman & Co Ltd. | 2.39% | Add +3.5% | 4,262,691 | $414.8M |
| Geode Capital Management, LLC | 0.03% | Add +11.2% | 3,676,601 | $364.1M |
| FIL Ltd | 0.30% | Add +14.9% | 3,248,897 | $316.2M |
| Connor, Clark & Lunn Investment Management Ltd. | 1.36% | Reduce -10.0% | 3,200,236 | $311.5M |
| Scotia Capital Inc. | 1.66% | Add +5.8% | 3,186,189 | $308.9M |
| Federation des caisses Desjardins du Quebec | 1.44% | Add +19.5% | 2,990,341 | $290.0M |
| Morgan Stanley | 0.02% | Reduce -0.9% | 2,887,767 | $281.4M |
| Canada Pension Plan Investment Board | 0.27% | Add +34.8% | 2,858,739 | $278.2M |
| Bank of Nova Scotia | 0.61% | Add +0.7% | 2,777,564 | $270.3M |
| JPMorgan Chase & Co. | 0.02% | Add +1.8% | 2,665,089 | $259.7M |
| Goldman Sachs Group Inc. | 0.05% | Add +39.6% | 2,664,618 | $259.7M |
| Bank of America Corp. | 0.02% | Reduce -13.2% | 2,429,920 | $236.8M |
| Canoe Financial LP | 3.79% | Add +13.8% | 2,431,661 | $236.7M |
| Harding Loevner LP | 1.79% | Reduce -3.4% | 2,395,464 | $233.5M |
| Quadrature Capital Ltd | 4.80% | Add +108.1% | 2,210,700 | $216.4M |
| Ninety One UK Ltd | 0.51% | Reduce -7.0% | 1,901,342 | $185.0M |
| Findlay Park Partners LLP | 1.83% | Add +1.4% | 1,830,068 | $178.4M |
| TD Waterhouse Canada Inc. | 1.45% | Add +3.5% | 1,800,149 | $176.7M |
| FMR LLC | 0.01% | Reduce -5.1% | 1,776,069 | $172.8M |
| Swiss National Bank | 0.10% | Reduce -2.1% | 1,521,100 | $148.1M |
| Amundi | 0.05% | Add +47.8% | 1,337,919 | $146.5M |
| Charles Schwab Investment Management Inc. | 0.03% | Add +3.1% | 1,462,440 | $142.3M |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1.36% | Reduce -1.5% | 1,432,307 | $140.0M |
| Troy Asset Management Ltd | 3.73% | Add +664.4% | 1,400,695 | $136.5M |
| Clearbridge Investments, LLC | 0.11% | Add +1.6% | 1,302,684 | $127.0M |
| Toronto Dominion Bank | 0.31% | Reduce -2.9% | 1,252,824 | $121.9M |
| Alberta Investment Management Corp | 0.87% | Add +4.3% | 1,239,813 | $120.6M |
| Dimensional Fund Advisors LP | 0.03% | Reduce -0.1% | 1,210,356 | $118.0M |
| Nuveen, LLC | 0.03% | — | 1,153,289 | $112.2M |
| Stifel Financial Corp. | 0.12% | Add +6.6% | 1,144,871 | $111.6M |
| Douglass Winthrop Advisors, LLC | 1.96% | Add +1.8% | 1,054,591 | $102.8M |
| Voloridge Investment Management, LLC | 0.37% | Reduce -1.2% | 1,034,406 | $100.8M |
| Point72 Asset Management | 0.28% | Add +40.8% | 976,943 | $95.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.02% | Add +42.9% | 975,049 | $95.0M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.56% | Reduce -15.8% | 926,064 | $90.1M |
| BLI - Banque de Luxembourg Investments | 2.66% | Add +29.3% | 896,295 | $87.7M |
| Manning & Napier Advisors LLC | 1.03% | Reduce -22.5% | 859,898 | $83.8M |
| Millennium Management | 0.08% | Reduce -43.0% | 851,180 | $83.0M |
| Mufg Securities (canada), LTD. | 2.86% | Reduce -0.2% | 843,532 | $82.1M |
| ClearBridge Investments Ltd | 2.06% | Add +1.2% | 813,690 | $79.3M |
| Brown Advisory Inc. | 0.11% | Reduce -0.5% | 811,344 | $79.1M |
| Agf Management Ltd. | 0.42% | Reduce -29.8% | 646,978 | $78.2M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 5.27% | Add +2.8% | 730,893 | $71.1M |
| Burgundy Asset Management Ltd. | 0.72% | Reduce -1.1% | 711,819 | $69.3M |
| Cardinal Capital Management, Inc. | 2.35% | Add +4.6% | 709,315 | $69.1M |
| State of Tennessee, Department of Treasury | 0.25% | Add +5.0% | 665,936 | $64.8M |
| Northern Trust Corp. | 0.01% | Add +20.6% | 639,541 | $62.3M |
| Addenda Capital Inc. | 2.23% | Reduce -5.3% | 430,968 | $60.4M |
| Intact Investment Management Inc. | 2.06% | Add +48.9% | 618,479 | $60.2M |
| UBS Group AG | 0.01% | Add +25.0% | 604,535 | $58.9M |
| BNP Paribas Financial Markets | 0.05% | Add +47.8% | 601,425 | $58.6M |
| Russell Investments Group, Ltd. | 0.08% | Reduce -3.3% | 596,077 | $58.0M |
| Schonfeld Strategic Advisors LLC | 0.39% | Add +251.6% | 593,501 | $57.8M |
| BlackRock, Inc. | 0.00% | Add +0.6% | 586,948 | $57.2M |
| Renaissance Technologies | 0.08% | Add +62.6% | 573,700 | $55.9M |
| Value Partners Investments Inc. | 4.65% | Add +1101.9% | 553,290 | $53.9M |
| Ameriprise Financial Inc. | 0.01% | Add +3.5% | 526,824 | $51.8M |
| Invesco Ltd. | 0.01% | Reduce -1.9% | 513,968 | $50.1M |
| Dixon Mitchell Investment Counsel Inc. | 2.24% | Add +3.9% | 509,827 | $49.6M |
| QV Investors Inc. | 4.97% | Add +15.0% | 505,605 | $49.2M |
| Two Sigma Investments, LP | 0.11% | Reduce -17.4% | 503,818 | $49.1M |
| Encompass Capital Advisors LLC | 1.87% | New | 500,000 | $48.7M |
| Macquarie Group Ltd. | 0.06% | Add +825.1% | 357,084 | $48.4M |
| Franklin Resources Inc. | 0.01% | Reduce -20.9% | 491,429 | $47.8M |
| Partners Group Holding AG | 1.98% | Add +19.3% | 479,117 | $47.2M |
| Sei Investments Co. | 0.06% | Add +21.8% | 457,804 | $44.6M |
| DekaBank Deutsche Girozentrale | 0.09% | Add +0.0% | 456,943 | $44.2M |
| First Trust Advisors LP | 0.04% | Add +0.4% | 419,267 | $40.9M |
| Capital International, Inc. | 0.50% | Reduce -21.2% | 419,418 | $40.8M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 5.05% | Add +12.6% | 408,222 | $39.7M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.11% | Add +63.5% | 407,861 | $39.7M |
| Cidel Asset Management Inc. | 2.49% | Add +0.6% | 391,333 | $38.1M |
| Marshall Wace, LLP | 0.05% | Add +362.1% | 384,136 | $37.4M |
| Saturna Capital Corp. | 0.56% | No change | 384,000 | $37.4M |
| Royal London Asset Management Ltd. | 0.09% | Reduce -68.4% | 380,128 | $37.0M |
| Aviva PLC | 0.09% | Add +16.1% | 375,337 | $36.6M |
"% of holder's portfolio" is CNI's weight in each manager's 13F, not the share of Canadian Natl Railway Co. the manager owns.