| 19.1M |
| $2.28B |
| +13.6% |
| 3.162% |
| 1.64% |
| 4 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 19.0M | $2.26B | +0.9% | 3.135% | 3.22% |
| 5 | 1832 Asset Management L.P. | 16.5M | $1.97B | -11.6% | 2.731% | 0.99% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 15.9M | $1.90B | +0.8% | 2.632% | 0.04% |
| 7 | BANK OF MONTREAL /CAN/ | 14.9M | $1.77B | +5.6% | 2.456% | 0.58% |
| 8 | MACKENZIE FINANCIAL CORP | 8.9M | $1.51B | +1.9% | 1.478% | 1.51% |
| 9 | TD ASSET MANAGEMENT INC | 9.9M | $1.18B | -18.3% | 1.638% | 1.02% |
| 10 | TCI Fund Management Ltd | 9.4M | $1.12B | -4.2% | 1.559% | 2.13% |
| 11 | WELLINGTON MANAGEMENT GROUP LLP | 8.5M | $1.02B | -25.9% | 1.411% | 0.18% |
| 12 | CIBC Asset Management Inc | 6.9M | $819.9M | +87.0% | 1.134% | 1.80% |
| 13 | NATIONAL BANK OF CANADA /FI/ | 6.8M | $805.3M | +1.1% | 1.118% | 0.58% |
| 14 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1.4M | $784.1M | -62.2% | 0.234% | 0.25% |
| 15 | DEUTSCHE BANK AG\ | 6.1M | $722.9M | -15.9% | 1.002% | 0.21% |
| 16 | Clearbridge Investments, LLC | 6.0M | $711.2M | +13.5% | 0.986% | 0.59% |
| 17 | GEODE CAPITAL MANAGEMENT, LLC | 5.8M | $706.7M | +11.6% | 0.964% | 0.04% |
| 18 | NORGES BANK | 5.7M | $679.0M | — | 0.942% | 0.07% |
| 19 | Connor, Clark & Lunn Investment Management Ltd. | 5.7M | $676.4M | +24.0% | 0.938% | 1.28% |
| 20 | HARDING LOEVNER LP | 5.4M | $648.4M | +89.7% | 0.891% | 6.10% |
| 21 | Fiera Capital Corp | 5.4M | $644.0M | -12.7% | 0.894% | 2.34% |
| 22 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 5.3M | $631.7M | +20.4% | 0.877% | 0.25% |
| 23 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 5.2M | $614.4M | +9.0% | 0.852% | 0.27% |
| 24 | CIBC WORLD MARKET INC. | 5.0M | $602.2M | -2.9% | 0.831% | 0.97% |
| 25 | VANGUARD FIDUCIARY TRUST CO | 4.8M | $574.8M | +0.4% | 0.796% | 0.13% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in CNI — a direct measure of their conviction.
| 69.70% |
| +0.15 pp |
| $39.77B |
| 2.9% |
| Q4 2024 | 824 | 0.4% | 69.55% | +0.05 pp | $40.96B | 15% |
| Q3 2024 | 827 | — | 69.50% | — | $47.95B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
77 institutions opened new positions in CNI during Q2 2026, while 61 fully exited. 669 added to existing positions and 76 trimmed.
CNI institutional ownership rose by 0.58 percentage points quarter-over-quarter, with a net change of +19 holders.
The top 10 institutions account for 49.7% of all reported 13F value in CNI, and the top 25 account for 71.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Canadian National Railway Company (CNI) Institutional Ownership