DaveManuel.com · Institutional Ownership · Who Owns It
CANADIAN NATL RY CO (CNI)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
857
Reporting holders
$49.6B
Reported value
0.4%
Calls
0.1%
Puts
+19
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
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 incl. $8.2M options CALL+PUT | 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 incl. $1.7M options CALL | 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 incl. $7.8M options CALL+PUT | 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 |
| PRICE T ROWE ASSOCIATES INC /MD/ | $721.7M | 6,052,322 | 0.07% | 14q | -6.6%-$50.6M |
| 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 incl. $10.8M options CALL+PUT | 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 incl. $30.7M options CALL+PUT | 2,069,940 | 0.32% | 31q | +5.5%+$14.4M |
| Beutel, Goodman & Co Ltd. | $251.1M | 2,105,136 | 1.85% | 31q | -12.9%-$37.0M |
| 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 |
| 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 |
| 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 |
| BESSEMER GROUP INC | $108.7M | 912,231 | 0.15% | 31q | +22176.7%+$108.2M |
| 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 |
| Public Sector Pension Investment Board | $71.5M | 599,765 | 0.18% | 7q | +123.1%+$39.4M |
| QV Investors Inc. | $70.6M | 591,760 | 5.43% | 37q | -4.0%-$2.9M |
| 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 incl. $357.7K options CALL | 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 |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | $54.9M | 324,110 | 5.38% | 31q | -19.8%-$13.6M |
| 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 CALL+PUT | options only | 0.88% | 18q | OPTIONS |
| DekaBank Deutsche Girozentrale | $46.8M | 456,770 | 0.08% | 31q | HELD |
| 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 |
Showing the largest 100 of 857 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 |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 266 | $2.7B | 22,134,160 | 17 | 71 | 77 | 0.0% |
| Q2 2026 | 857 | $49.6B | 404,251,543 | 83 | 285 | 243 | 0.5% |
| Q1 2026 | 838 | $42.1B | 401,182,402 | 75 | 253 | 269 | 0.4% |
| Q4 2025 | 815 | $41.0B | 411,048,455 | 87 | 241 | 262 | 0.4% |
| Q3 2025 | 769 | $39.4B | 414,410,742 | 48 | 230 | 278 | 0.7% |
| Q2 2025 | 835 | $47.9B | 457,951,453 | 69 | 261 | 274 | 0.4% |
| Q1 2025 | 831 | $42.0B | 428,485,070 | 59 | 244 | 311 | 0.5% |
| Q4 2024 | 863 | $45.0B | 440,533,267 | 57 | 222 | 321 | 0.4% |
| Q3 2024 | 858 | $50.5B | 429,454,293 | 59 | 252 | 279 | 0.4% |
| Q2 2024 | 862 | $52.6B | 442,717,890 | 66 | 236 | 284 | 0.5% |
| Q1 2024 | 863 | $60.4B | 455,792,892 | 82 | 258 | 262 | 0.3% |
| Q4 2023 | 833 | $58.2B | 460,308,004 | 70 | 242 | 240 | 0.3% |
| Q3 2023 | 777 | $50.1B | 457,562,053 | 49 | 221 | 269 | 0.4% |
| Q2 2023 | 798 | $55.8B | 457,843,340 | 51 | 238 | 253 | 0.4% |
| Q1 2023 | 796 | $55.4B | 461,124,782 | 65 | 222 | 263 | 0.5% |
| Q4 2022 | 786 | $55.2B | 460,037,266 | 74 | 195 | 283 | 0.8% |
| Q3 2022 | 730 | $228.6B | 2,104,780,831 | 51 | 217 | 242 | 0.2% |
| Q2 2022 | 756 | $253.4B | 2,195,742,489 | 74 | 209 | 247 | 0.1% |
| Q1 2022 | 776 | $287.5B | 2,130,786,670 | 77 | 241 | 221 | 0.1% |
| Q4 2021 | 778 | $287.0B | 2,317,875,998 | 84 | 181 | 241 | 0.2% |
| Q3 2021 | 716 | $350.6B | 3,022,171,761 | 77 | 197 | 230 | 0.1% |
| Q2 2021 | 719 | $346.2B | 3,036,013,534 | 77 | 219 | 212 | 0.2% |
| Q1 2021 | 719 | $306.3B | 2,480,435,466 | 65 | 219 | 201 | 0.1% |
| Q4 2020 | 702 | $276.5B | 2,364,266,009 | 67 | 193 | 214 | 0.1% |
| Q3 2020 | 656 | $390.8B | 3,547,395,778 | 69 | 160 | 221 | 0.0% |
| Q2 2020 | 640 | $380.9B | 4,025,550,436 | 59 | 182 | 227 | 0.0% |
| Q1 2020 | 632 | $332.4B | 3,981,613,618 | 48 | 180 | 234 | 0.0% |
| Q4 2019 | 681 | $364.6B | 3,817,522,488 | 38 | 179 | 218 | 0.0% |
| Q3 2019 | 649 | $358.3B | 3,770,208,407 | 41 | 176 | 204 | 0.0% |
| Q2 2019 | 642 | $337.9B | 3,524,757,506 | 53 | 153 | 232 | 0.0% |
| Q1 2019 | 659 | $317.8B | 3,480,248,643 | 67 | 182 | 221 | 0.1% |
| Q4 2018 | 648 | $296.2B | 3,849,879,674 | 5 | 20 | 11 | 0.0% |