Canadian National Railway Co (CNI) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

448,743,303Shares Outstanding

67,559,598Shares held by institutions

$7,328,189,595Value of institutional holdings

87.07%Institutional ownership %

2.85%Shares Changed QoQ

758No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

According to SEC filings for the period ending December 2025, Canadian National Railway Co (NYSE:CNI) is held by 758 institutional firms.

These investors collectively held 87.1% of the company's total shares outstanding in December 2025, down from 90.8% in September 2025.
Quarterly data indicates a 2.85% shift in institutional share volume, and the annual owner count reflects a decrease of 9.98%.
Of these 758 institutional investors, 337 increased their holdings in Canadian National Railway, while 268 of them reduced positions, and 153 investors maintained their exposure.
The total number of shares held by institutions in Canadian National Railway increased to 390.73Mn as of December 2025, a net change of up by 10.83Mn shares quarter on quarter, and down 21.50Mn shares year over year.
The top institutional stake in Canadian National Railway as of December 31, 2025 belongs to GATES FOUNDATION TRUST, which owns 51.83Mn shares, or 11.55% of the company.
Among the most significant buyers of Canadian National Railway during December 2025 were 1832 Asset Management L.P. (9.29Mn), NORGES BANK (5.76Mn), FIL Ltd (5.21Mn), AQR CAPITAL MANAGEMENT LLC (1.21Mn), DEUTSCHE BANK AG\ (1.18Mn).
Leading sellers of Canadian National Railway stock in December 2025 included TCI Fund Management Ltd (8.92Mn), Bank of New York Mellon Corp (4.73Mn), WELLINGTON MANAGEMENT GROUP LLP (2.36Mn), Beutel, Goodman & Co Ltd. (1.22Mn), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (1.08Mn).
The top 10 institutional holders of Canadian National Railway for the quarter ending December 2025 included GATES FOUNDATION TRUST (51.83Mn), ROYAL BANK OF CANADA (26.11Mn), VANGUARD GROUP INC (24.65Mn), 1832 Asset Management L.P. (18.75Mn), FIL Ltd (15.75Mn), BANK OF MONTREAL /CAN/ (14.18Mn), CAISSE DE DEPOT ET PLACEMENT DU QUEBEC (13.89Mn), TD ASSET MANAGEMENT INC (11.37Mn), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (10.58Mn), Capital International Investors (9.92Mn).

758 Institutional Holders

67,559,598 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
GATES FOUNDATION TRUST	31 Dec, 2025	51,826,786	0	0.00%	$5,123,077,796.00
ROYAL BANK OF CANADA	31 Dec, 2025	26,114,070	-718,329	-2.68%	$2,581,376,000.00
VANGUARD GROUP INC	31 Dec, 2025	24,646,922	346,670	1.43%	$2,437,679,172.00
1832 Asset Management L.P.	31 Dec, 2025	18,747,746	9,294,926	98.33%	$1,853,214,692.00
FIL Ltd	31 Dec, 2025	15,745,744	5,210,403	49.46%	$1,557,309,203.00
BANK OF MONTREAL /CAN/	31 Dec, 2025	14,178,973	-22,702	-0.16%	$1,402,378,678.00
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	31 Dec, 2025	13,894,922	0	0.00%	$1,376,061,034.00
TD ASSET MANAGEMENT INC	31 Dec, 2025	11,374,457	-89,681	-0.78%	$1,126,450,876.00
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	31 Dec, 2025	10,584,719	-1,076,172	-9.23%	$1,046,299,475.00
Capital International Investors	31 Dec, 2025	9,917,406	-118,538	-1.18%	$981,275,019.00
TCI Fund Management Ltd	31 Dec, 2025	9,849,934	-8,917,840	-47.52%	$974,114,657.00
WELLINGTON MANAGEMENT GROUP LLP	31 Dec, 2025	9,315,803	-2,360,035	-20.21%	$922,386,744.00
DEUTSCHE BANK AG\	31 Dec, 2025	8,998,101	1,182,106	15.12%	$889,462,283.00
LAZARD ASSET MANAGEMENT LLC	31 Dec, 2025	8,903,624	-52,087	-0.58%	$880,617,480.00
NATIONAL BANK OF CANADA /FI/	31 Dec, 2025	6,710,219	-201,802	-2.92%	$663,062,713.00
Fiera Capital Corp	31 Dec, 2025	6,648,582	176,872	2.73%	$657,783,710.00
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	31 Dec, 2025	6,165,148	173,410	2.89%	$609,581,677.00
NORGES BANK	31 Dec, 2025	5,764,854	5,764,854	0.00%	$570,161,389.00
CIBC WORLD MARKET INC.	31 Dec, 2025	5,165,704	563,763	12.25%	$510,629,840.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	5,119,084	209,319	4.26%	$514,883,628.00

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