Canadian National Railway Ownership | Who Owns Canadian National Railway?

Canadian National Railway Ownership Summary

Canadian National Railway is owned by 14.65% institutional investors, 2.67% insiders, and 82.68% retail investors. Bill & melinda gates foundation trust is the largest institutional shareholder, holding 8.32% 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	14.65%	2.67%	82.68%
Sector	Industrials Stocks	49.45%	15.98%	34.57%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Bill & melinda gates foundation trust	51.83M	8.32%	$5.33B
Royal bank of canada	27.51M	4.41%	$2.83B
Vanguard group	24.65M	4.00%	$2.44B
Caisse de depot et placement du quebec	18.78M	3.01%	$1.93B
1832 asset management	18.68M	3.00%	$1.92B
Fil	16.84M	2.70%	$1.73B
Bank of montreal /can/	14.00M	2.25%	$1.44B
Td asset management	12.13M	1.95%	$1.24B
Wellington management group llp	11.52M	1.85%	$1.18B
Tci fund management	9.85M	1.58%	$1.01B

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Bill & melinda gates foundation trust	51.83M	16.82%	$5.33B
Troy asset management	2.63M	8.49%	$284.58M
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
Scheer, rowlett & associates investment management	733.19K	5.43%	$75.48M
Lincluden management	324.11K	5.38%	$54.86M
Value partners investments	607.65K	5.05%	$72.37M
Canoe financial lp	3.41M	5.03%	$406.27M
Jarislowsky, fraser	8.87M	4.60%	$836.76M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	5.76M	0.06%	5.76M
Caisse de depot et placement du quebec	18.78M	3.09%	4.89M
Vanguard fiduciary trust	4.80M	0.13%	4.80M
Wellington management group llp	11.52M	0.22%	2.21M
Vanguard global advisers	2.19M	0.12%	2.19M

Top Sellers

Holder	Shares	% Assets	Change
Capital investors	1.44M	0.03%	-8.47M
Massachusetts financial services co /ma/	3.75M	0.35%	-6.83M
Egerton capital (uk) llp	-	-	-4.07M
Kingstone capital partners texas	-	-	-2.69M
Ninety one uk	-	-	-2.05M

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
Stonepine asset management	2.03M	1.50%	2.03M	$242.58M
Mitsubishi ufj trust & banking	1.41M	0.35%	1.41M	$143.52M

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 %
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%
Mar 31, 2025	10	-98.85%	1,761,699	-99.58%	-	0.01%	5	-98.54%	2	-99.40%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Total Intl Stock Index Inv	7.99M	1.32%	-7.20K
Vanguard Dividend Growth Inv	6.10M	1.01%	-494.87K
Vanguard Developed Markets Index Admiral	5.31M	0.88%	-3.33K
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	4.03M	0.66%	895.00
DWS Top Dividende LD	3.72M	0.61%	-4.00
TD Dividend Growth - I	3.40M	0.56%	-
iShares Core S&P/TSX Capped Compost ETF	3.30M	0.54%	2.41K
Scotia Canadian Dividend A	3.22M	0.53%	-125.00K

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, 8.32%), Royal bank of canada (27.51M shares, 4.41%), and Vanguard group (24.65M shares, 4.00%). Together, they hold 16.74% 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 16.82% of its assets in 51.83M Canadian National Railway shares, valued at 5.33B$.

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 7.99M Canadian National Railway shares.

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