Canadian Natl RailwayCNI
13F holders, Q3 2025 (September 30)756holders −63
47new positions
101sold out
10famous investors
$94.42avg. 13F price*
At the end of Q3 2025, 756 institutions reported holding Canadian Natl Railway Co. (CNI) in their 13F filings, down 63 from Q2 2025. 47 opened new positions and 101 sold out. The largest holders were Gates Foundation Trust ($4.9B), Royal Bank of Canada ($2.5B) and Vanguard Group Inc. ($2.3B). 10 famous investors held it, including Bill Gates / Michael Larson (13.4% of Gates Foundation Trust's portfolio), Chris Hohn (3.4% of TCI Fund Management's portfolio) and Ray Dalio (0.1% of Bridgewater Associates's portfolio).
- Company
- Canadian Natl Railway Co.
- CUSIP
- 136375102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 47 | $97.4M |
| Exits | 101 | $498.7M |
All 13F filers, Q2 2025 → Q3 2025: 32,196,985 shares bought and 42,782,833 shares sold, net −10,585,848 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 756 holders
| Gates Foundation Trust | 13.36% | Reduce -5.5% | 51,826,786 | $4.9B |
| Royal Bank of Canada | 0.45% | Reduce -4.7% | 26,832,399 | $2.5B |
| Vanguard Group Inc. | 0.03% | Add +1.6% | 24,300,252 | $2.3B |
| TCI Fund Management | 3.36% | Reduce -18.4% | 18,767,774 | $1.8B |
| Bank of Montreal | 0.57% | Reduce -0.2% | 14,201,675 | $1.3B |
| Caisse de depot et placement du Quebec | 2.36% | Add +1.1% | 13,894,922 | $1.3B |
| Wellington Management Group LLP | 0.19% | Reduce -48.1% | 11,675,838 | $1.1B |
| Massachusetts Financial Services Co. | 0.34% | Reduce -1.4% | 11,660,891 | $1.1B |
| TD Asset Management Inc | 0.88% | Reduce -5.0% | 11,464,138 | $1.1B |
| FIL Ltd | 0.78% | Add +122.8% | 10,535,341 | $993.5M |
| Capital International Investors | 0.15% | Reduce -4.5% | 10,035,944 | $946.0M |
| 1832 Asset Management L.P. | 1.51% | Reduce -11.0% | 9,452,820 | $891.4M |
| Lazard Asset Management LLC | 1.14% | Add +639137.0% | 8,955,711 | $844.4M |
| JARISLOWSKY, FRASER Ltd | 4.60% | Reduce -4.0% | 8,871,249 | $836.8M |
| Mackenzie Financial Corp. | 0.99% | Add +0.4% | 8,626,147 | $813.3M |
| T. Rowe Price Associates Inc. | 0.08% | Add +28.8% | 7,943,017 | $749.0M |
| Deutsche Bank AG | 0.25% | Add +29.1% | 7,815,995 | $737.0M |
| National Bank of Canada | 0.74% | Reduce -7.3% | 6,912,021 | $651.4M |
| Fiera Capital Corp | 1.97% | Add +11.6% | 6,471,710 | $610.1M |
| Arrowstreet Capital, Limited Partnership | 0.36% | Reduce -4.8% | 5,991,738 | $565.0M |
| Bank of New York Mellon Corp | 0.09% | Reduce -8.4% | 5,232,657 | $493.4M |
| Geode Capital Management, LLC | 0.03% | Add +12.5% | 4,909,765 | $469.0M |
| Cibc World Market Inc. | 0.88% | Reduce -6.8% | 4,513,941 | $425.7M |
| CIBC Asset Management Inc | 1.23% | Reduce -14.0% | 4,490,422 | $423.6M |
| Legal & General Group Plc | 0.09% | Reduce -1.8% | 4,219,717 | $398.0M |
| Manufacturers Life Insurance Company, The | 0.32% | Reduce -39.6% | 4,052,784 | $382.3M |
| Beutel, Goodman & Co Ltd. | 2.19% | Reduce -6.9% | 3,847,915 | $362.9M |
| Scotia Capital Inc. | 1.49% | Add +5.9% | 3,703,622 | $349.1M |
| Federation des caisses Desjardins du Quebec | 1.34% | Add +3.7% | 3,612,868 | $340.7M |
| Clearbridge Investments, LLC | 0.25% | Add +165.7% | 3,504,882 | $330.5M |
| Goldman Sachs Group Inc. | 0.05% | Add +0.0% | 3,499,784 | $330.0M |
| Canada Pension Plan Investment Board | 0.22% | Reduce -10.3% | 3,259,541 | $307.3M |
| JPMorgan Chase & Co. | 0.02% | Add +9.7% | 2,795,417 | $263.6M |
| Canoe Financial LP | 3.73% | Add +6.0% | 2,768,282 | $261.0M |
| Troy Asset Management Ltd | 6.63% | Add +98.8% | 2,738,372 | $258.2M |
| Bank of America Corp. | 0.02% | Add +52.0% | 2,733,973 | $257.8M |
| Bank of Nova Scotia | 0.45% | Reduce -3.2% | 2,685,798 | $253.3M |
| Morgan Stanley | 0.01% | Add +5.6% | 2,407,870 | $227.1M |
| Harding Loevner LP | 1.59% | Reduce -1.2% | 2,297,538 | $216.7M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.64% | Reduce -48.6% | 2,168,232 | $204.4M |
| Fisher Asset Management | 0.07% | Add +13.1% | 2,062,815 | $194.5M |
| FMR LLC | 0.01% | Add +15.0% | 2,022,976 | $190.8M |
| TD Waterhouse Canada Inc. | 1.15% | Add +1.7% | 1,875,427 | $176.9M |
| Quadrature Capital Ltd | 1.94% | Add +1693.5% | 1,739,700 | $164.0M |
| Swiss National Bank | 0.08% | Reduce -5.5% | 1,534,600 | $144.8M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +0.0% | 1,527,844 | $144.1M |
| Findlay Park Partners LLP | 1.45% | Reduce -1.8% | 1,463,768 | $138.0M |
| Toronto Dominion Bank | 0.27% | Add +6.5% | 1,452,212 | $136.9M |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1.17% | Reduce -2.3% | 1,392,998 | $133.7M |
| Stifel Financial Corp. | 0.12% | Add +15.4% | 1,358,627 | $128.1M |
| Nuveen, LLC | 0.03% | Reduce -2.3% | 1,289,858 | $121.7M |
| Dimensional Fund Advisors LP | 0.03% | Add +0.8% | 1,258,404 | $118.7M |
| Two Sigma Investments, LP | 0.19% | Add +9.8% | 1,247,971 | $117.7M |
| Douglass Winthrop Advisors, LLC | 1.78% | Add +0.7% | 1,085,209 | $102.3M |
| Mufg Securities (canada), LTD. | 2.42% | Reduce -1.9% | 919,403 | $86.7M |
| Agf Management Ltd. | 0.38% | Reduce -5.7% | 755,322 | $86.3M |
| BLI - Banque de Luxembourg Investments | 2.48% | Reduce -0.5% | 902,895 | $85.2M |
| Brown Advisory Inc. | 0.11% | Reduce -0.7% | 893,154 | $84.2M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 4.95% | Add +9.7% | 880,187 | $83.0M |
| Amundi | 0.03% | Reduce -25.1% | 858,249 | $82.9M |
| Invesco Ltd. | 0.01% | Add +16.5% | 872,874 | $82.3M |
| Burgundy Asset Management Ltd. | 0.77% | Add +19.3% | 845,531 | $81.8M |
| Voloridge Investment Management, LLC | 0.25% | Add +27.6% | 780,214 | $73.6M |
| Cardinal Capital Management, Inc. | 2.02% | Add +1.5% | 742,230 | $70.0M |
| Alberta Investment Management Corp | 0.55% | Reduce -29.5% | 722,600 | $68.1M |
| State of Tennessee, Department of Treasury | 0.23% | Reduce -0.2% | 716,537 | $67.6M |
| Addenda Capital Inc. | 1.82% | Reduce -0.2% | 468,314 | $61.5M |
| Two Sigma Advisers, LP | 0.12% | Add +22.4% | 635,872 | $60.0M |
| Franklin Resources Inc. | 0.01% | Add +7.6% | 627,600 | $59.2M |
| Value Partners Investments Inc. | 4.63% | Add +8.7% | 601,920 | $56.7M |
| QV Investors Inc. | 4.78% | Reduce -0.9% | 585,546 | $55.2M |
| Sei Investments Co. | 0.06% | Add +9.3% | 562,902 | $53.1M |
| HSBC Holdings PLC | 0.03% | Add +31.5% | 557,945 | $52.6M |
| Russell Investments Group, Ltd. | 0.06% | Reduce -11.6% | 547,250 | $51.6M |
| Northern Trust Corp. | 0.01% | Reduce -9.2% | 522,863 | $49.3M |
| UBS Group AG | 0.01% | Reduce -37.1% | 517,686 | $48.8M |
| Ameriprise Financial Inc. | 0.01% | Add +26.5% | 526,346 | $48.3M |
| Dixon Mitchell Investment Counsel Inc. | 1.70% | Reduce -3.0% | 505,300 | $47.7M |
| Bornite Capital Management LP | 4.38% | New | 500,000 | $47.1M |
| DekaBank Deutsche Girozentrale | 0.07% | No change | 456,770 | $42.6M |
| Cidel Asset Management Inc. | 2.44% | Add +12.9% | 450,643 | $42.5M |
| Intact Investment Management Inc. | 1.25% | Reduce -12.4% | 436,470 | $41.2M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 4.53% | Add +4.1% | 434,344 | $40.7M |
| Aviva PLC | 0.07% | Add +6.3% | 425,687 | $40.1M |
| BNP Paribas Financial Markets | 0.03% | Reduce -35.5% | 423,296 | $39.9M |
| Public Sector Pension Investment Board | 0.14% | Add +668.2% | 410,879 | $38.8M |
| First Trust Advisors LP | 0.03% | Add +9.2% | 409,077 | $38.6M |
| Saturna Capital Corp. | 0.47% | No change | 384,280 | $36.2M |
| Northwest & Ethical Investments L.P. | 0.85% | Add +1.5% | 383,299 | $36.1M |
| BlackRock, Inc. | 0.00% | Reduce -23.0% | 382,743 | $36.1M |
| CANADA LIFE ASSURANCE Co | 0.05% | Add +0.5% | 377,444 | $35.4M |
| Guardian Capital LP | 1.09% | Add +4.1% | 359,196 | $33.9M |
| Public Employees Retirement System of Ohio | 0.10% | Reduce -6.5% | 346,259 | $32.7M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.07% | Add +46.7% | 342,605 | $32.3M |
| CIBC Private Wealth Group LLC | 0.06% | Add +4.5% | 340,708 | $32.1M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.18% | Reduce -67.4% | 338,770 | $31.9M |
| APG Asset Management N.V. | 0.09% | Reduce -1.0% | 378,900 | $30.4M |
| Korea Investment CORP | 0.06% | Reduce -20.2% | 321,965 | $30.4M |
| Partners Group Holding AG | 1.60% | Reduce -26.6% | 307,025 | $28.9M |
| Duff & Phelps Investment Management Co. | 0.32% | Add +71.4% | 302,540 | $28.5M |
"% of holder's portfolio" is CNI's weight in each manager's 13F, not the share of Canadian Natl Railway Co. the manager owns.