Canadian National Railway Ownership | Who Owns Canadian National Railway?

Canadian National Railway Ownership Summary

Canadian National Railway is owned by 66.36% institutional investors, 2.70% insiders, and 30.94% retail investors. Bill & melinda gates foundation trust is the largest institutional shareholder, holding 8.48% of CNI shares. Vanguard Total Intl Stock Index Inv is the top mutual fund, with 1.32% of its assets in Canadian National Railway shares.

CNI Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Canadian National Railway	66.36%	2.70%	30.94%
Sector	Industrials Stocks	65.56%	16.67%	17.77%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Bill & melinda gates foundation trust	51.83M	8.48%	$6.18B
Royal bank of canada	31.16M	5.10%	$3.72B
Vanguard group	24.65M	4.00%	$2.44B
Fil	19.13M	3.13%	$2.28B
Caisse de depot et placement du quebec	18.96M	3.10%	$2.26B
1832 asset management	16.52M	2.70%	$1.97B
Vanguard capital management	15.92M	2.60%	$1.90B
Bank of montreal /can/	14.84M	2.43%	$1.77B
Td asset management	9.91M	1.62%	$1.18B
Tci fund management	9.43M	1.54%	$1.12B

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Bill & melinda gates foundation trust	51.83M	17.95%	$6.18B
Haven global partners	187.00K	17.10%	$22.31M
Templeton & phillips capital management	105.44K	9.17%	$12.57M
Troy asset management	2.56M	8.99%	$322.26M
Scheer, rowlett & associates investment management	727.81K	6.24%	$86.75M
Harding loevner lp	5.39M	6.10%	$648.39M
Versus capital advisors	34.29K	5.76%	$4.09M
Louisbourg investments	251.81K	5.53%	$29.99M
Qv investors	591.76K	5.43%	$70.59M
Lincluden management	324.11K	5.38%	$54.86M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	5.70M	0.07%	5.70M
Royal bank of canada	31.16M	0.55%	3.65M
Cibc asset management	6.86M	1.80%	3.19M
Harding loevner lp	5.39M	6.10%	2.55M
Fil	19.13M	1.64%	2.29M

Top Sellers

Holder	Shares	% Assets	Change
Lazard asset management	3.91M	0.71%	-5.17M
Egerton capital (uk) llp	-	-	-4.07M
Wellington management group llp	8.54M	0.18%	-2.99M
Kingstone capital partners texas	-	-	-2.69M
Massachusetts financial services co /ma/	1.42M	0.25%	-2.33M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.70M	0.07%	5.70M	$678.97M
Stonepine asset management	2.03M	1.50%	2.03M	$242.58M
Sixth street partners management company	1.72M	0.03%	1.72M	$204.96M
Encompass capital advisors	325.00K	1.38%	325.00K	$38.73M
Daiwa securities group	236.91K	0.06%	236.91K	$28.25M

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 %
Jun 30, 2026	862	1.06%	405,630,065	1.18%	66	1.60%	390	7.14%	254	-11.81%
Mar 31, 2026	491	-40.41%	91,271,264	-77.78%	14	0.33%	211	-41.87%	144	-48.57%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Total Intl Stock Index Inv	8.00M	1.32%	16.50K
Vanguard Developed Markets Index Admiral	5.33M	0.88%	20.38K
Vanguard Equity-Income Inv	5.17M	0.83%	3.17M
RBC Canadian Dividend Fund A	4.69M	0.78%	-
Vanguard Instl Ttl Intl Stk Mkt Idx TrII	4.05M	0.67%	27.88K
DWS Top Dividende LD	3.72M	0.61%	3.00
iShares Core S&P/TSX Capped Compost ETF	3.41M	0.56%	1.21K
iShares Core S&P/TSX Cap Composite ETF	3.41M	0.56%	1.21K
TD Dividend Growth - I	3.40M	0.56%	-
Vanguard Dividend Growth Inv	3.33M	0.55%	-2.77M

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, 8.48%), Royal bank of canada (31.16M shares, 5.10%), and Vanguard group (24.65M shares, 4.00%). Together, they hold 17.58% 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 17.95% of its assets in 51.83M Canadian National Railway shares, valued at 6.18B$.

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 1.32% of its total shares outstanding invested in 8M Canadian National Railway shares.

Try Tickergate Pro Free

Customize Everything. 100% Flexibility. Fast and Easy to Use (No code or Excel Needed)

Customize your own personal stocks lists, views and charts
Choose from hundreds of fields, up to 15 years of history
Conduct deep comparison analysis

Discover trending investment themes
Find your next best investment
Research stocks using tools