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CANADIAN NATL RY CO (CNI) — Hedge Fund Ownership Q1 2026

CNI
Q1 2026Q4 2025Q3 2025Q2 2025
  • CANADIAN NATL RY CO (CNI) is held by 6 of 82 tracked hedge funds, with Gates Foundation Trust (17%) and TCI Fund Management (2%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
  • The biggest increases in CNI holdings came from Markel Group (+20%) and Fairfax Financial Holdings (+25%), highlighting conviction.
  • Overall, hedge funds increased exposure to CANADIAN NATL RY CO (CNI) by +0% vs the prior quarter and -25% vs prior year.
# Fund % of Portfolio † Shares † Shares vs Prior Quarter † Shares vs Prior Year † Aggregate Value † Reported Price * Option
1
Gates Foundation Trust
16.82% 51.8M -5.47% $5.33B $102.77
2
TCI Fund Management
2.24% 9.8M -63.38% $1.01B $102.86
3
Fairfax Financial Holdings
Prem Watsa
0.13% 25K +25.25% $2.5M $102.12
4
Markel Group
Tom Gayner
0.05% 54K +20.22% $5.5M $102.77
5
Maverick Capital
Lee Ainslie
0.02% 19K NEW $1.9M $102.95
6
First Eagle Investment Management
0.00% 2K +34.83% +35.98% $247,069 $102.95
6 Total 61.8M +0.02% -24.53% $6.35B
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.