INTACT INVESTMENT MANAGEMENT INC.

Holdings History for CANADIAN NATIONAL RAILWAY CO - Common Shares, No Par Value (CNI)

Symbol: CNI on NYSE
Investment type: Equity / Common Shares, No Par Value

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Dec 2025	1.6%	+0.37%	$55,969,430	565,920	+129,450	+30%	$98.90	Q4 2025
30 Sep 2025	1.2%	-0.18%	$41,164,401	436,470	-62,023	-12%	$94.31	Q3 2025
30 Jun 2025	1.8%	-0.42%	$51,926,125	498,493	-119,986	-19%	$104.17	Q2 2025
31 Mar 2025	2.1%	+0.68%	$60,195,155	618,479	+203,030		$97.33	Q1 2025
31 Dec 2024	1.5%	+0.09%	$42,182,096	415,449	+26,680	+6.9%	$101.53	Q4 2024
30 Sep 2024	1.5%	-0.37%	$45,527,671	388,769	-96,330	-20%	$117.11	Q3 2024
30 Jun 2024	2.1%	+0.71%	$57,316,989	485,099	+160,277	+49%	$118.16	Q2 2024
31 Mar 2024	1.7%	+0.36%	$42,774,825	324,822	+69,098	+27%	$131.69	Q1 2024
31 Dec 2023	1.3%	-0.42%	$32,144,024	255,724	-83,170	-25%	$125.70	Q4 2023
30 Sep 2023	1.6%	-0.21%	$36,698,755	338,894	-45,170	-12%	$108.29	Q3 2023
30 Jun 2023	1.9%	+0.11%	$46,509,811	384,064	+22,500	+6.2%	$121.10	Q2 2023
31 Mar 2023	1.8%	+0.46%	$42,659,523	361,564	+93,920	+35%	$117.99	Q1 2023
31 Dec 2022	1.4%	0%	$31,793,103	267,644	0		$118.79	Q4 2022
30 Sep 2022		0%	$46,331,000	310,904	0		$149.02 ^*	Q3 2022
30 Jun 2022		0%	$44,021,000	305,574	0		$144.06 ^*	Q2 2022
31 Mar 2022		0%	$56,858,000	339,554	0		$167.45 ^*	Q1 2022
31 Dec 2021		0%	$55,537,000	358,398	0		$154.96 ^*	Q4 2021
30 Sep 2021		0%	$52,841,000	360,813	0		$146.45 ^*	Q3 2021
30 Jun 2021		0%	$101,815,000	779,593	0		$130.60 ^*	Q2 2021
31 Mar 2021		0%	$84,577,000	580,803	0		$145.62 ^*	Q1 2021
31 Dec 2020		0%	$80,880,000	579,783	0		$139.50 ^*	Q4 2020
30 Sep 2020		0%	$92,246,000	652,283	0		$141.42 ^*	Q3 2020
30 Jun 2020		0%	$77,144,000	643,083	0		$119.96 ^*	Q2 2020
31 Mar 2020		0%	$57,826,000	529,883	0		$109.13 ^*	Q1 2020
31 Dec 2019		0%	$57,372,000	489,483	0		$117.21 ^*	Q4 2019
30 Sep 2019		0%	$82,907,000	697,283	0		$118.90 ^*	Q3 2019
30 Jun 2019		0%	$90,041,000	744,383	0		$120.96 ^*	Q2 2019
31 Mar 2019		0%	$100,393,000	840,883	0		$119.39 ^*	Q1 2019
31 Dec 2018		0%	$91,415,000	906,983	0		$100.79 ^*	Q4 2018
30 Sep 2018		0%	$99,738,000	860,550	0		$115.90 ^*	Q3 2018
30 Jun 2018		0%	$100,683,000	937,199	0		$107.43 ^*	Q2 2018
31 Mar 2018		0%	$67,333,000	715,399	0		$94.12 ^*	Q1 2018
31 Dec 2017		0%	$66,209,000	638,899	0		$103.63 ^*	Q4 2017
30 Sep 2017		0%	$49,025,000	474,599	0		$103.30 ^*	Q3 2017
30 Jun 2017		0%	$29,684,000	282,999	0		$104.89 ^*	Q2 2017
31 Mar 2017		0%	$64,208,000	654,349	0		$98.13 ^*	Q1 2017
31 Dec 2016		0%	$60,875,000	674,749	0		$90.22 ^*	Q4 2016
30 Sep 2016		0%	$76,048,000	886,932	0		$85.74 ^*	Q3 2016
30 Jun 2016		0%	$74,476,000	977,012	0		$76.23 ^*	Q2 2016
31 Mar 2016		0%	$60,542,000	746,712	0		$81.08 ^*	Q1 2016
31 Dec 2015		0%	$34,598,000	447,412	0		$77.33 ^*	Q4 2015
30 Sep 2015		0%	$34,610,000	456,712	0		$75.78 ^*	Q3 2015
30 Jun 2015		0%	$39,052,000	542,012	0		$72.05 ^*	Q2 2015
31 Mar 2015		0%	$25,655,000	302,912	0		$84.69 ^*	Q1 2015
31 Dec 2014	1.3%	-0.76%	$33,806,000	422,712	-239,188	-36%	$79.97	Q4 2014
30 Sep 2014	2.2%	-1.1%	$52,628,000	661,900	-348,100	-34%	$79.51	Q3 2014
30 Jun 2014	2.9%	+0.33%	$70,013,000	1,010,000	+115,500	+13%	$69.32	Q2 2014
31 Mar 2014	2.4%	+0.61%	$55,557,000	894,500	+222,100	+33%	$62.11	Q1 2014
31 Dec 2013	2%	0%	$40,707,000	672,400	0		$60.54	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.