Canadian National Railway CNI Institutional Ownership

NYSE CNI

$118.93 +0.41 (+0.35%)

As of: Oct 13, 2026 · 3:59 PM EDT

Institutions by Trading Activity

838 Institutions

Increased 383 45.7%

Unchanged 194 23.2%

Reduced 261 31.1%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

65.77%

▲+0.53 pp QoQ

Shares Held by Institutions

404.09Mn

of 614.43Mn outstanding

▲+0.82% QoQ

Shares Outstanding

614.43Mn

210.34Mn held outside 13F filers

Institutional Investors

838

filed 13F for Jun 2026

▲+14 vs prior quarter

Net Shares Added (QoQ)

+3.27Mn

accumulated since last quarter

Value of Holdings

$47.59Bn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 11, 2026

Canadian National Railway Co (NYSE:CNI) appeared in the 13F filings of 838 institutional investors for the quarter ended June 30, 2026.

Their combined stake equaled 65.77% of outstanding shares in Q2 2026, up from 65.23% in Q1 2026.
Total shares held in Canadian National Railway rose 0.82% versus Q1 2026, while the number of holders rose 2.32% versus Q2 2025.
Of these 838 holders, 383 added to their positions, 261 reduced their stakes and 194 left their positions unchanged.
In total, institutional investors held 404.09Mn shares of Canadian National Railway at the end of Q2 2026, up 3.27Mn from the prior quarter and down 25.87Mn from a year earlier.
Gates Foundation Trust led 13F holders of CNI with 51.83Mn shares as of June 30, 2026, or 8.43% of shares outstanding.
The biggest increases in CNI positions during Q2 2026 came from Royal Bank of Canada (+3.65Mn shares), CIBC Asset Management Inc (+3.19Mn shares), Harding Loevner LP (+2.55Mn shares), FIL Ltd (+2.29Mn shares) and Connor, Clark & Lunn Investment Management Ltd. (+1.1Mn shares).
The biggest cuts to CNI positions during Q2 2026 came from Lazard Asset Management LLC (-5.17Mn shares), Wellington Management Group LLP (-2.99Mn shares), Massachusetts Financial Services Co (-2.33Mn shares), Fisher Asset Management, LLC (-2.33Mn shares) and TD Asset Management Inc (-2.22Mn shares).
Per Business Quant data, the 10 largest holders of Canadian National Railway at the end of Q2 2026 were Gates Foundation Trust (51.83Mn shares), Royal Bank of Canada (31.16Mn shares), FIL Ltd (19.13Mn shares), Caisse de Depot et Placement du Quebec (18.96Mn shares), 1832 Asset Management L.P. (16.52Mn shares), Vanguard Capital Management LLC (15.92Mn shares), Bank of Montreal (14.84Mn shares), TD Asset Management Inc (9.91Mn shares), TCI Fund Management Ltd (9.43Mn shares) and Mackenzie Financial Corp (8.94Mn shares).

Form 13F Holdings

840 Institutional Holders

Report period 30 Jun, 2026

Total shares held 404.09Mn

Of outstanding 65.77%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	GATES FOUNDATION TRUST	0001166559	51,826,786	8.43%	0	0.00%	$6.18Bn
2	Royal Bank Of Canada	0001000275	31,156,081	5.07%	▲3,646,856	+13.26%	$3.72Bn
3	FIL Ltd	0000318989	19,129,315	3.11%	▲2,288,097	+13.59%	$2.28Bn
4	CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	0000898286	18,962,558	3.09%	▲178,385	+0.95%	$2.26Bn
5	1832 Asset Management L.P.	0000944388	16,518,344	2.69%	▼2,164,896	-11.59%	$1.97Bn
6	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	15,918,701	2.59%	▲120,099	+0.76%	$1.90Bn
7	Bank Of Montreal /Can/	0000927971	14,841,305	2.42%	▲845,548	+6.04%	$1.77Bn
8	TD ASSET MANAGEMENT INC	0001056053	9,907,691	1.61%	▼2,223,622	-18.33%	$1.18Bn
9	TCI Fund Management Ltd	0001647251	9,433,422	1.54%	▼416,512	-4.23%	$1.12Bn
10	MACKENZIE FINANCIAL CORP	0000919859	8,939,323	1.45%	▲163,017	+1.86%	$1.51Bn
11	WELLINGTON MANAGEMENT GROUP LLP	0000902219	8,537,192	1.39%	▼2,985,994	-25.91%	$1.02Bn
12	CIBC Asset Management Inc	0001021926	6,861,848	1.12%	▲3,193,207	+87.04%	$819.90Mn
13	NATIONAL BANK OF CANADA /FI/	0000926171	6,761,268	1.10%	▲76,139	+1.14%	$805.31Mn
14	DEUTSCHE BANK AG\	0000948046	6,062,146	0.99%	▼1,142,973	-15.86%	$722.85Mn
15	PRICE T ROWE ASSOCIATES INC /MD/	0000080255	6,052,322	0.99%	▼424,251	-6.55%	$721.68K
16	Clearbridge Investments, LLC	0001348883	5,964,425	0.97%	▲711,429	+13.54%	$711.20Mn
17	GEODE CAPITAL MANAGEMENT, LLC	0001214717	5,829,986	0.95%	▲607,775	+11.64%	$706.75Mn
18	NORGES BANK	0001374170	5,695,165	0.93%	▲5,695,165	0.00%	$678.97Mn
19	Connor, Clark & Lunn Investment Management Ltd.	0001596800	5,674,241	0.92%	▲1,099,056	+24.02%	$676.36Mn
20	Fiera Capital Corp	0001505817	5,406,877	0.88%	▼784,633	-12.67%	$643.97Mn

Showing 1 to 20 of 840 holders