Security Snapshot

CANADIAN NATIONAL RAILWAY CO - Common Shares, No Par Value (CNI) Institutional Ownership

CUSIP: 136375102

13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026

Latest Period

Q1 2026

Institutions Reporting

820

Shares (Excl. Options)

399,685,362

Price

$102.77

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Latest holder snapshot 5 signals
Portfolio coverage rank
0.03%
Share change
-10,234,546
Value change
-$1,122,951,241
Number of holders
820
Issuer context Names, identifiers, and filing context for this profile. 2 identity fields
Shares outstanding
623,019,000
SEC-reported price per share
$118.80
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors

Key facts

  • CNI - CANADIAN NATIONAL RAILWAY CO - Common Shares, No Par Value is tracked under CUSIP 136375102.
  • 820 institutions reported positions in Q1 2026.
  • 2 significant owners is listed from Schedule 13D/13G reporting.

Change

  • Holder count moved from 799 to 820 between Q4 2025 and Q1 2026.
  • SEC-reported value moved from $40,780,267,873 to $41,173,639,187.

Research use

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Evidence

Source: SEC Form 13F

Latest holder context comes from 820 institutions filings for Q1 2026.

Open SEC evidence

Security key

136375102

Latest holder period

Q1 2026

13F holders

820

13D/G owners

2

CIK / CUSIP context first

13D/G owners

Significant owners

Large-stake holder rows connected to Schedule 13D/G evidence.

Rows
2
Security
CNI
Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
TCI Fund Management Ltd 4.2% $2,523,264,331 26,166,798 TCI Fund Management Limited 28 Apr 2025
GATES MELINDA FRENCH 2.6% $1,556,892,147 16,145,309 GATES MELINDA FRENCH 01 Oct 2024

As of 31 Mar 2026, 820 institutional investors reported holding 399,685,362 shares of CANADIAN NATIONAL RAILWAY CO - Common Shares, No Par Value (CNI). This represents 64% of the company’s total 623,019,000 outstanding shares.

13F concentration

Top 25 institutional shareholders

Largest 13F positions for this security by reported shares and value.

Top holder share
46%
Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
GATES FOUNDATION TRUST 8.3% 51,826,786 0% 17% $5,326,238,797
ROYAL BANK OF CANADA 4.4% 27,509,225 +5.3% 0.54% $2,827,122,000
Caisse de depot et placement du Quebec 3% 18,784,173 +35% 3.1% $1,927,209,982
1832 Asset Management L.P. 3% 18,683,240 -0.34% 2.5% $1,920,076,575
FIL Ltd 2.7% 16,841,218 +7% 1.3% $1,733,394,861
VANGUARD CAPITAL MANAGEMENT LLC 2.5% 15,798,602 0% 0.04% $1,626,086,910
BANK OF MONTREAL /CAN/ 2.2% 13,995,757 -1.3% 0.61% $1,440,798,196
TD Asset Management Inc 1.9% 12,131,313 +6.7% 1% $1,244,642,897
WELLINGTON MANAGEMENT GROUP LLP 1.8% 11,523,186 +24% 0.22% $1,182,848,593
TCI FUND MANAGEMENT LTD 1.6% 9,849,934 0% 2.2% $1,013,208,255
LAZARD ASSET MANAGEMENT LLC 1.5% 9,077,518 +2% 1.5% $934,488,079
MACKENZIE FINANCIAL CORP 1.4% 8,776,306 -1.3% 1.1% $903,177,958
DEUTSCHE BANK AG\ 1.2% 7,205,119 -20% 0.24% $740,470,079
NATIONAL BANK OF CANADA /FI/ 1.1% 6,685,129 -0.37% 0.7% $685,842,480
PRICE T ROWE ASSOCIATES INC /MD/ 1% 6,476,573 -19% 0.08% $665,598,000
Fiera Capital Corp 0.99% 6,191,510 -6.9% 2.2% $636,168,241
Clearbridge Investments, LLC 0.84% 5,252,996 +17% 0.47% $539,850,400
GEODE CAPITAL MANAGEMENT, LLC 0.84% 5,222,211 +2% 0.03% $542,519,338
CIBC WORLD MARKET INC. 0.82% 5,099,397 -1.3% 0.93% $526,512,740
VANGUARD FIDUCIARY TRUST CO 0.77% 4,795,222 0% 0.12% $493,553,020
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.76% 4,728,502 -23% 0.26% $486,323,688
Connor, Clark & Lunn Investment Management Ltd. 0.73% 4,575,185 +49% 1.1% $470,986,015
CANADA PENSION PLAN INVESTMENT BOARD 0.72% 4,490,181 +25% 0.3% $462,243,268
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.71% 4,404,252 -1.1% 0.39% $452,894,905
Legal & General Group Plc 0.68% 4,215,174 +2.5% 0.1% $432,471,753

Quarter history

Institutional holders across reporting periods

Holder count, reported shares/value, and median price by quarter.

Periods
49
Latest
Q1 2026
Rows shown
1-25 of 49
Period 13F Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 399,685,362 $41,173,639,187 -$1,122,951,241 $102.77 820
2025 Q4 410,737,906 $40,780,267,873 +$906,419,789 $98.85 799
2025 Q3 411,346,672 $38,833,643,539 -$1,631,506,587 $94.30 750
2025 Q2 428,412,703 $44,654,047,673 +$590,589,559 $104.04 810
2025 Q1 422,252,948 $41,181,131,462 -$138,908,465 $97.46 808
2024 Q4 422,976,705 $42,939,307,394 -$515,882,869 $101.51 834
2024 Q3 424,790,132 $49,722,950,813 -$1,484,019,836 $117.15 834
2024 Q2 437,810,566 $51,721,931,172 -$1,114,446,057 $118.13 842
2024 Q1 443,938,948 $58,450,050,802 -$943,776,522 $131.71 840
2023 Q4 451,177,283 $56,727,026,012 -$6,339,060 $125.63 811
2023 Q3 450,204,661 $48,901,267,473 +$2,223,143 $108.33 762
2023 Q2 451,152,303 $54,623,682,900 -$166,743,280 $121.07 780
2023 Q1 437,692,801 $51,606,680,409 -$416,970,456 $117.97 773
2022 Q4 455,563,275 $54,197,155,563 -$466,789,486 $118.88 766
2022 Q3 459,669,422 $49,734,049,314 +$4,768,228,480 $107.99 726
2022 Q2 415,250,853 $46,707,221,080 +$1,406,943,896 $112.47 740
2022 Q1 404,570,772 $54,262,455,690 -$112,160,356 $134.14 763
2021 Q4 404,525,859 $49,630,291,183 -$766,694,815 $122.86 763
2021 Q3 400,353,158 $46,342,205,202 +$514,236,114 $115.65 697
2021 Q2 397,244,910 $41,960,441,235 +$1,428,242,318 $105.52 693
2021 Q1 381,635,434 $44,257,295,497 +$150,570,933 $115.98 706
2020 Q4 382,787,434 $42,090,861,750 +$108,936,980 $109.85 688
2020 Q3 381,196,383 $40,540,087,353 -$601,472,789 $106.46 636
2020 Q2 396,170,604 $35,037,891,692 -$207,277,121 $88.57 628
2020 Q1 398,697,793 $30,927,924,963 +$590,275,209 $77.63 611
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