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 1.31% 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	49.61%	15.69%	34.70%

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
Louisbourg investments	287.39K	5.58%	$29.52M
Scheer, rowlett & associates investment management	733.19K	5.43%	$75.48M
Qv investors	616.11K	5.12%	$63.21M
Canoe financial lp	3.43M	4.81%	$352.53M
Value partners investments	605.97K	4.75%	$62.24M
Versus capital advisors	34.34K	4.66%	$3.52M
Jarislowsky, fraser	8.87M	4.60%	$836.76M
Immersion capital llp	38.63K	4.54%	$3.97M

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
Td waterhouse canada	4.18M	1.27%	2.20M

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
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 %
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	7.97M	1.31%	12.16K
Vanguard Dividend Growth Inv	6.10M	1.01%	-494.87K
Vanguard Developed Markets Index Admiral	5.30M	0.87%	30.18K
Lazard Glbl Listed Infrastruct USD Hedge	5.21M	0.85%	-54.00K
Lazard Global Listed Infrastructure Open	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	4.03M	0.66%	22.48K
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, 8.32%), 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 1.31% of its total shares outstanding invested in 7.97M Canadian National Railway shares.

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