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 1.34% 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	47.69%	12.55%	39.76%

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
Wellington management group llp	11.68M	1.86%	$1.10B
Td asset management	11.37M	1.83%	$1.13B
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
Foresight global investors	155.60K	8.71%	$14.67M
Troy asset management	2.74M	7.42%	$288.00M
Louisbourg investments	289.95K	5.72%	$28.72M
Dkrt investments	235.00K	5.32%	$22.16M
Immersion capital llp	53.63K	5.20%	$5.06M
Scheer, rowlett & associates investment management	761.49K	5.17%	$75.32M
Qv investors	629.07K	5.10%	$62.30M
Lincluden management	419.12K	4.83%	$56.90M
Jarislowsky, fraser	8.87M	4.60%	$836.76M

Top Buyers

Holder	Shares	% Assets	Change
Fil	10.54M	0.78%	5.81M
Norges bank	5.76M	0.06%	5.76M
Price t rowe associates inc /md/	7.94M	0.08%	1.78M
Quadrature capital	1.74M	1.94%	1.64M
Deutsche bank ag\	9.00M	0.29%	1.18M

Top Sellers

Holder	Shares	% Assets	Change
Wellington management group llp	11.68M	0.19%	-10.83M
Bank of new york mellon	500.60K	0.01%	-4.73M
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

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.76M	0.06%	5.76M	$570.16M
Letko, brosseau & associates	773.34K	1.25%	773.34K	$76.59M
Lighthouse investment partners	158.80K	0.45%	158.80K	$14.97M
Axa investment managers	115.49K	0.03%	115.49K	$10.89M
Scharf investments	83.79K	0.22%	83.79K	$8.28M

Sold Out

Holder	Change
Vision financial markets	-1.00
Perkins coie trust	-2.00
Jpl wealth management	-2.00
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	8.17M	1.34%	7.10K
Vanguard Dividend Growth Inv	6.60M	1.08%	-2.14M
Vanguard Developed Markets Index Admiral	5.31M	0.87%	39.58K
Lazard Glbl Listed Infrastruct USD Hedge	5.27M	0.86%	-
Lazard Global Listed Infrastructure Open	5.27M	0.86%	-
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	4.16M	0.68%	-67.86K
DWS Top Dividende LD	3.48M	0.57%	7.00
T. Rowe Price International Gr Eq Tr-D	3.42M	0.56%	61.28K

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 1.34% of its total shares outstanding invested in 8.17M Canadian National Railway shares.

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