CANADIAN NATL RY CO (CNI)
Institutional ownership reported to the SEC as of Q2 2026, across 31 quarters.
803
Reporting holders
$48.5B
Reported value
64.2%
Of shares outstanding
0.5%
Held as options
+17
Holder change
Institutions report 394,758,221 shares against 614,433,951 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. Share count carried from an earlier filing (concept 2025-12-31).
Options share is the part of reported value carried in derivative lines rather than shares. A high figure means institutions are expressing a view on this security without owning much of it.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| GATES FOUNDATION TRUST | $6.2B | 51,826,786 | 17.95% | 31q | HELD |
| ROYAL BANK OF CANADA | $3.7B | 31,156,081 | 0.55% | 31q | +13.3%+$435.8M |
| FIL Ltd | $2.3B | 19,129,315 | 1.64% | 31q | +13.6%+$273.1M |
| Caisse de depot et placement du Quebec | $2.3B | 18,962,558 | 3.22% | 31q | +0.9%+$21.3M |
| 1832 Asset Management L.P. | $2.0B | 16,518,344 | 0.99% | 31q | -11.6%-$258.1M |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.9B | 15,918,701 | 0.04% | 2q | +0.8%+$14.3M |
| BANK OF MONTREAL /CAN/ | $1.8B | 14,841,305 | 0.58% | 31q | +6.0%+$100.9M |
| MACKENZIE FINANCIAL CORP | $1.5B | 8,939,323 | 1.51% | 31q | +1.9%+$27.6M |
| TD Asset Management Inc | $1.2B | 9,907,691 | 1.02% | 31q | -18.3%-$265.3M |
| TCI FUND MANAGEMENT LTD | $1.1B | 9,433,422 | 2.13% | 31q | -4.2%-$49.7M |
| WELLINGTON MANAGEMENT GROUP LLP | $1.0B | 8,537,192 | 0.18% | 31q | -25.9%-$356.1M |
| CIBC Asset Management Inc | $819.9M | 6,861,848 | 1.80% | 31q | +87.0%+$381.5M |
| NATIONAL BANK OF CANADA /FI/ | $813.1M | 6,761,268 | 0.58% | 19q | +1.1%+$9.2M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $784.1M | 1,417,278 | 0.25% | 31q | -62.2%-$1.3B |
| DEUTSCHE BANK AG\ | $722.9M | 6,062,146 | 0.21% | 34q | -15.9%-$136.3M |
| Clearbridge Investments, LLC | $711.2M | 5,964,425 | 0.59% | 11q | +13.5%+$84.8M |
| GEODE CAPITAL MANAGEMENT, LLC | $706.7M | 5,829,986 | 0.04% | 31q | +11.6%+$73.7M |
| NORGES BANK | $679.0M | 5,695,165 | 0.07% | 32q | -1.2%-$8.3M |
| Connor, Clark & Lunn Investment Management Ltd. | $676.4M | 5,674,241 | 1.28% | 31q | +24.0%+$131.0M |
| Harding Loevner LP | $648.4M | 5,390,831 | 6.10% | 31q | +89.7%+$306.6M |
| Fiera Capital Corp | $644.0M | 5,406,877 | 2.34% | 31q | -12.7%-$93.5M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $631.7M | 5,303,746 | 0.49% | 31q | +20.4%+$107.1M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $614.4M | 5,152,780 | 0.27% | 20q | +9.0%+$50.6M |
| CIBC WORLD MARKET INC. | $613.0M | 5,025,832 | 0.98% | 31q | -1.4%-$9.0M |
| VANGUARD FIDUCIARY TRUST CO | $574.8M | 4,816,343 | 0.13% | 2q | HELD |
| CANADA PENSION PLAN INVESTMENT BOARD | $532.0M | 4,462,797 | 0.29% | 21q | -0.6%-$3.3M |
| TD Waterhouse Canada Inc. | $514.6M | 4,297,955 | 1.35% | 19q | +2.8%+$14.0M |
| Legal & General Group Plc | $475.6M | 3,986,362 | 0.10% | 31q | -5.4%-$27.3M |
| LAZARD ASSET MANAGEMENT LLC | $466.3M | 3,911,519 | 0.71% | 46q | -56.9%-$615.9M |
| Federation des caisses Desjardins du Quebec | $462.6M | 3,891,768 | 1.41% | 38q | +1.5%+$6.7M |
| SCOTIA CAPITAL INC. | $452.8M | 3,802,550 | 1.69% | 31q | -3.1%-$14.6M |
| MORGAN STANLEY | $438.2M | 3,675,358 | 0.02% | 35q | +37.9%+$120.4M |
| Canoe Financial LP | $406.3M | 3,407,690 | 5.03% | 7q | -0.5%-$2.2M |
| GOLDMAN SACHS GROUP INC | $373.1M | 3,129,271 | 0.03% | 31q | +15.9%+$51.2M |
| Troy Asset Management Ltd | $322.3M | 2,564,246 | 8.99% | 11q | -2.5%-$8.1M |
| JPMORGAN CHASE & CO | $315.4M | 2,621,159 | 0.02% | 31q | -10.8%-$38.0M |
| Vanguard Global Advisers, LLC | $277.6M | 2,325,865 | 0.13% | 2q | +6.0%+$15.8M |
| TORONTO DOMINION BANK | $277.5M | 2,069,940 | 0.32% | 31q | +5.5%+$14.4M |
| PineStone Asset Management Inc. | $242.6M | 2,034,355 | 1.50% | new | NEW |
| FMR LLC | $217.8M | 1,824,799 | 0.01% | 31q | -3.6%-$8.1M |
| Findlay Park Partners LLP | $217.7M | 1,826,068 | 2.94% | 15q | -3.3%-$7.4M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $205.0M | 1,718,110 | 0.03% | 9q | +6.0%+$11.6M |
| Sixth Street Partners Management Company, L.P. | $205.0M | 1,718,110 | 0.03% | new | NEW |
| Mitsubishi UFJ Trust & Banking Corp | $204.9M | 1,718,819 | 0.45% | 2q | +21.7%+$36.6M |
| Swiss National Bank | $199.0M | 1,672,400 | 0.10% | 31q | -5.0%-$10.5M |
| DIMENSIONAL FUND ADVISORS LP | $171.8M | 1,440,786 | 0.03% | 31q | +4.2%+$7.0M |
| AQR CAPITAL MANAGEMENT LLC | $167.7M | 1,406,399 | 0.06% | 6q | +24.3%+$32.7M |
| TWO SIGMA INVESTMENTS, LP | $166.7M | 1,398,413 | 0.12% | 9q | +230.1%+$116.2M |
| STIFEL FINANCIAL CORP | $162.2M | 1,359,885 | 0.13% | 31q | -2.2%-$3.7M |
| BANK OF NOVA SCOTIA | $159.4M | 1,335,451 | 0.24% | 31q | -4.4%-$7.4M |
| BANK OF AMERICA CORP /DE/ | $151.4M | 1,269,855 | 0.01% | 31q | -8.7%-$14.4M |
| Cardinal Capital Management, Inc. | $149.4M | 1,254,252 | 3.61% | 31q | +5.8%+$8.2M |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | $149.2M | 1,251,453 | 1.45% | 31q | -1.6%-$2.5M |
| Nuveen, LLC | $147.5M | 1,236,343 | 0.04% | 6q | +7.1%+$9.8M |
| Public Sector Pension Investment Board | $143.0M | 1,199,530 | 0.18% | 7q | +346.2%+$110.9M |
| VANGUARD ASSET MANAGEMENT, Ltd | $138.0M | 1,156,300 | 0.09% | 2q | +12.3%+$15.1M |
| LETKO, BROSSEAU & ASSOCIATES INC | $122.6M | 1,027,674 | 1.81% | 3q | -2.3%-$2.9M |
| INTACT INVESTMENT MANAGEMENT INC. | $114.0M | 955,760 | 3.24% | 31q | -0.6%-$675.4K |
| Douglass Winthrop Advisors, LLC | $111.7M | 936,884 | 1.93% | 31q | -1.8%-$2.1M |
| Amundi | $102.7M | 860,943 | 0.02% | 21q | -15.8%-$19.2M |
| Russell Investments Group, Ltd. | $94.9M | 795,350 | 0.08% | 31q | +57.9%+$34.8M |
| Addenda Capital Inc. | $92.9M | 548,874 | 2.53% | 31q | +19.3%+$15.0M |
| MUFG SECURITIES (CANADA), LTD. | $91.2M | 765,088 | 2.46% | 10q | -5.5%-$5.3M |
| Alberta Investment Management Corp | $89.5M | 750,814 | 0.50% | 31q | -1.1%-$1.0M |
| Balyasny Asset Management L.P. | $88.9M | 745,247 | 0.11% | 8q | +47.4%+$28.6M |
| AGF MANAGEMENT LTD | $88.4M | 540,109 | 0.34% | 15q | +1.0%+$862.4K |
| Scheer, Rowlett & Associates Investment Management Ltd. | $86.8M | 727,812 | 6.24% | 31q | -0.7%-$641.2K |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | $85.4M | 716,203 | 0.53% | 31q | +10.7%+$8.3M |
| FRANKLIN RESOURCES INC | $81.7M | 685,127 | 0.02% | 31q | -3.9%-$3.3M |
| BLI - Banque de Luxembourg Investments | $81.6M | 683,667 | 2.88% | 7q | -19.1%-$19.2M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $77.7M | 651,600 | 0.11% | 4q | +334.4%+$59.8M |
| NORTHERN TRUST CORP | $74.9M | 628,393 | 0.01% | 31q | +6.2%+$4.4M |
| Value Partners Investments Inc. | $72.4M | 607,648 | 5.05% | 21q | HELD |
| Bank of New York Mellon Corp | $65.9M | 552,853 | 0.01% | 31q | +9.7%+$5.8M |
| State of Tennessee, Department of Treasury | $64.2M | 537,896 | 0.19% | 31q | -3.1%-$2.0M |
| Vanguard Investments Australia, Ltd. | $63.4M | 530,857 | 0.16% | 2q | +2.3%+$1.4M |
| Invesco Ltd. | $62.6M | 524,812 | 0.00% | 31q | -49.4%-$61.1M |
| SEI INVESTMENTS CO | $61.6M | 516,827 | 0.05% | 31q | +2.3%+$1.4M |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $61.6M | 516,526 | 0.09% | 3q | -39.8%-$40.7M |
| Point72 Asset Management, L.P. | $59.9M | 502,283 | 0.07% | 3q | -35.6%-$33.1M |
| BlackRock, Inc. | $59.2M | 496,796 | 0.00% | 8q | +20.5%+$10.1M |
| Dixon Mitchell Investment Counsel Inc. | $59.0M | 494,412 | 1.92% | 78q | +10.3%+$5.5M |
| AMERICAN CENTURY COMPANIES INC | $58.6M | 490,628 | 0.03% | 27q | +36.9%+$15.8M |
| MILLENNIUM MANAGEMENT LLC | $56.8M | 473,152 | 0.02% | 3q | -50.2%-$57.3M |
| Quadrature Capital Ltd | $55.6M | 465,944 | 0.48% | 9q | +3.1%+$1.7M |
| AVIVA PLC | $55.3M | 464,294 | 0.08% | 31q | +0.6%+$302.6K |
| GUARDIAN CAPITAL LP | $50.4M | 422,207 | 1.22% | 31q | HELD |
| CIDEL ASSET MANAGEMENT INC | $48.2M | 403,673 | 2.32% | 31q | -21.7%-$13.3M |
| Northwest & Ethical Investments L.P. | $47.8M | 400,958 | 1.11% | 68q | -6.1%-$3.1M |
| SATURNA CAPITAL CORP | $47.8M | 400,815 | 0.58% | 31q | HELD |
| SIG North Trading, ULC | $47.6M | options only | 0.88% | 18q | OPTIONS |
| UBS Group AG | $45.3M | 379,861 | 0.01% | 31q | -43.2%-$34.4M |
| CIBC Bancorp USA Inc. | $40.5M | 339,921 | 0.05% | 2q | -4.1%-$1.7M |
| BARCLAYS PLC | $39.9M | 334,663 | 0.01% | 31q | -7.5%-$3.2M |
| Encompass Capital Advisors LLC | $38.7M | 325,000 | 1.38% | new | NEW |
| NEUBERGER BERMAN GROUP LLC | $36.7M | 307,260 | 0.02% | 31q | +13.0%+$4.2M |
| JANE STREET GROUP, LLC | $36.6M | 187,993 | 0.00% | 31q | +318.9%+$27.8M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $34.9M | 20,776 | 0.00% | 31q | +89.4%+$16.5M |
| BCV Asset Management Inc. | $34.7M | 288,600 | 1.05% | 3q | -5.9%-$2.2M |
| ENVESTNET ASSET MANAGEMENT INC | $34.7M | 291,367 | 0.01% | 31q | +51.0%+$11.7M |
Showing the largest 100 of 849 reported holders.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 803 | $48.5B | 394,758,221 | 81 | 272 | 226 | 0.5% |
| Q1 2026 | 786 | $40.9B | 389,427,325 | 72 | 240 | 250 | 0.4% |
| Q4 2025 | 760 | $39.6B | 397,257,120 | 84 | 224 | 247 | 0.4% |
| Q3 2025 | 716 | $38.0B | 399,207,381 | 47 | 212 | 260 | 0.8% |
| Q2 2025 | 770 | $46.5B | 444,084,093 | 62 | 250 | 251 | 0.4% |
| Q1 2025 | 767 | $40.6B | 414,383,223 | 54 | 228 | 287 | 0.5% |
| Q4 2024 | 797 | $43.1B | 427,401,918 | 53 | 207 | 297 | 0.4% |
| Q3 2024 | 789 | $48.4B | 417,136,765 | 53 | 235 | 253 | 0.3% |
| Q2 2024 | 788 | $50.3B | 427,735,084 | 61 | 219 | 257 | 0.5% |
| Q1 2024 | 782 | $57.5B | 438,740,470 | 77 | 228 | 238 | 0.4% |
| Q4 2023 | 751 | $55.5B | 444,099,676 | 67 | 219 | 214 | 0.3% |
| Q3 2023 | 688 | $47.8B | 436,693,958 | 46 | 201 | 231 | 0.5% |
| Q2 2023 | 700 | $52.4B | 430,238,874 | 47 | 205 | 221 | 0.5% |
| Q1 2023 | 682 | $52.5B | 437,263,110 | 60 | 194 | 221 | 0.5% |
| Q4 2022 | 618 | $51.2B | 428,596,177 | 59 | 156 | 210 | 0.5% |
| Q3 2022 | 740 | $50.6B | 463,562,172 | 52 | 224 | 244 | 0.8% |
| Q2 2022 | 761 | $47.6B | 419,344,291 | 75 | 215 | 245 | 0.8% |
| Q1 2022 | 782 | $55.0B | 407,163,634 | 78 | 245 | 222 | 0.7% |
| Q4 2021 | 783 | $52.0B | 416,370,847 | 85 | 184 | 239 | 1.0% |
| Q3 2021 | 719 | $48.8B | 415,224,722 | 77 | 198 | 232 | 0.9% |
| Q2 2021 | 722 | $44.1B | 409,550,992 | 78 | 221 | 213 | 1.4% |
| Q1 2021 | 725 | $46.8B | 398,909,462 | 66 | 223 | 201 | 0.4% |
| Q4 2020 | 705 | $44.9B | 402,791,624 | 67 | 194 | 214 | 0.4% |
| Q3 2020 | 658 | $43.0B | 396,930,556 | 70 | 161 | 221 | 0.4% |
| Q2 2020 | 643 | $35.4B | 398,830,306 | 60 | 183 | 227 | 0.2% |
| Q1 2020 | 635 | $31.4B | 403,323,784 | 49 | 180 | 233 | 0.2% |
| Q4 2019 | 682 | $36.2B | 397,610,664 | 39 | 179 | 217 | 0.5% |
| Q3 2019 | 652 | $35.5B | 392,245,535 | 42 | 178 | 204 | 0.4% |
| Q2 2019 | 645 | $37.2B | 398,090,965 | 55 | 153 | 232 | 0.4% |
| Q1 2019 | 660 | $36.9B | 407,988,390 | 67 | 181 | 221 | 0.6% |
| Q4 2018 | 649 | $30.4B | 407,954,622 | 5 | 21 | 10 | 0.3% |