Canadian National Railway Ownership | Who Owns Canadian National Railway?

Canadian National Railway Ownership Summary

Canadian National Railway is owned by 36.02% institutional investors, 2.75% insiders, and 61.23% retail investors. Bill & melinda gates foundation trust is the largest institutional shareholder, holding 8.26% of CNI shares. Vanguard Total Intl Stock Index Inv is the top mutual fund, with 1.30% of its assets in Canadian National Railway shares.

CNI Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Canadian National Railway	36.02%	2.75%	61.23%
Sector	Industrials Stocks	47.66%	12.56%	39.78%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Bill & melinda gates foundation trust	51.83M	8.26%	$4.89B
Royal bank of canada	26.83M	4.28%	$2.53B
Vanguard group	24.65M	4.00%	$2.44B
Tci fund management	18.77M	2.99%	$1.77B
Bank of montreal /can/	14.18M	2.28%	$1.40B
Caisse de depot et placement du quebec	13.89M	2.21%	$1.31B
Td asset management	12.13M	1.95%	$1.24B
Wellington management group llp	11.68M	1.86%	$1.10B
Massachusetts financial services co /ma/	10.58M	1.72%	$1.05B
Fil	10.54M	1.68%	$993.50B

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Bill & melinda gates foundation trust	51.83M	13.36%	$4.89B
Troy asset management	2.63M	8.49%	$284.58M
Louisbourg investments	287.39K	5.58%	$29.52M
Scheer, rowlett & associates investment management	733.19K	5.43%	$75.48M
Dkrt investments	235.00K	5.32%	$22.16M
Immersion capital llp	53.63K	5.20%	$5.06M
Qv investors	616.11K	5.12%	$63.21M
Lincluden management	419.12K	4.83%	$56.90M
Canoe financial lp	3.43M	4.81%	$352.53M
Value partners investments	605.97K	4.75%	$62.24M

Top Buyers

Holder	Shares	% Assets	Change
Fil	10.54M	0.78%	5.81M
Norges bank	5.76M	0.06%	5.76M
Vanguard fiduciary trust	4.80M	0.13%	4.80M
Td waterhouse canada	4.18M	1.27%	2.20M
Vanguard global advisers	2.19M	0.12%	2.19M

Top Sellers

Holder	Shares	% Assets	Change
Wellington management group llp	11.68M	0.19%	-10.83M
Tci fund management	18.77M	3.36%	-4.22M
Egerton capital (uk) llp	-	-	-4.07M
Bill & melinda gates foundation trust	51.83M	13.36%	-3.00M
Kingstone capital partners texas	-	-	-2.69M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.76M	0.06%	5.76M	$570.16M
Vanguard fiduciary trust	4.80M	0.13%	4.80M	$493.55M
Vanguard global advisers	2.19M	0.12%	2.19M	$225.77M
Mitsubishi ufj trust & banking	1.41M	0.35%	1.41M	$143.52M
Vanguard asset management	1.03M	0.09%	1.03M	$106.02M

Sold Out

Holder	Change
Vision financial markets	-1.00
Perkins coie trust	-2.00
Turning point benefit group	-3.00
Van hulzen asset management	-3.00
Td capital management	-5.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	660	-15.60%	221,659,263	-46.07%	36	0.84%	284	-6.27%	221	-23.00%
Sep 30, 2025	750	-9.31%	409,667,613	-3.39%	65	1.43%	287	-19.83%	277	0.36%
Jun 30, 2025	830	-1.66%	429,931,162	1.82%	68	1.51%	361	7.76%	276	-10.97%
Mar 31, 2025	10	-98.85%	1,761,699	-99.58%	-	0.01%	5	-98.54%	2	-99.40%
Dec 31, 2024	840	-4.00%	421,646,574	-0.03%	66	1.51%	323	-7.18%	327	8.28%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Total Intl Stock Index Inv	7.96M	1.30%	-214.71K
Vanguard Dividend Growth Inv	6.10M	1.01%	-494.87K
Vanguard Developed Markets Index Admiral	5.27M	0.86%	-88.45K
Lazard Global Listed Infrastructure Open	5.21M	0.85%	-54.00K
Lazard Glbl Listed Infrastruct USD Hedge	5.21M	0.85%	-54.00K
Vanguard Equity-Income Inv	5.17M	0.83%	3.17M
RBC Canadian Dividend Fund A	4.69M	0.77%	-
Vanguard Instl Ttl Intl Stk Mkt Idx TrII	4.01M	0.66%	-83.84K
DWS Top Dividende LD	3.72M	0.61%	3.00
TD Dividend Growth - I	3.40M	0.56%	-

CNI Ownership FAQ

Who owns the most shares of Canadian National Railway?

Canadian National Railway’s largest shareholders are Bill & melinda gates foundation trust (51.83M shares, 8.26%), Royal bank of canada (26.83M shares, 4.28%), and Vanguard group (24.65M shares, 4.00%). Together, they hold 16.54% of Canadian National Railway’s total shares outstanding.

Does Blackrock own Canadian National Railway?

BlackRock is not among the top 10 institutional shareholders of Canadian National Railway.

Who is Canadian National Railway’s biggest shareholder by percentage of total assets invested?

Bill & melinda gates foundation trust is Canadian National Railway’s biggest shareholder by percentage of total assets invested, with 13.36% of its assets in 51.83M Canadian National Railway shares, valued at 4.89B$.

Who is the top mutual fund holder of Canadian National Railway shares?

Vanguard Total Intl Stock Index Inv is the top mutual fund holder of Canadian National Railway shares, with 1.30% of its total shares outstanding invested in 7.96M Canadian National Railway shares.

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