Canadian National Railway Company
Canadian National Railway Company (CNI) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · CNI · as of Sep 30, 2025
Ownership Breakdown
789
Institutional Holders
▼ 57 vs Q2
$38.88B
Total Inst. Value
▼ $5.90B vs Q2
606.60M
Shares Outstanding
freeFloat 97.36%
411.76M
13F Shares Held
▼ 20.44M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
CNI largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BILL & MELINDA GATES FOUNDATION TRUST railroads, line-haul operating | 51.83M | 8.26% | 8.26% | $4.89T | Nov 14, 2025 | ▼ 3.00M |
ROYAL BANK OF CANADA railroads, line-haul operating | 26.83M | 4.28% | 4.28% | $2.53T | Nov 14, 2025 | ▼ 1.32M |
VANGUARD GROUP INC railroads, line-haul operating | 24.30M | 3.87% | 3.87% | $2.29T | Nov 7, 2025 | ▲ 372.9K |
TCI FUND MANAGEMENT LTD railroads, line-haul operating | 18.77M | 2.99% | 2.99% | $1.77T | Nov 14, 2025 | ▼ 4.22M |
BANK OF MONTREAL /CAN/ railroads, line-haul operating | 14.20M | 2.26% | 2.26% | $1.34T | Nov 13, 2025 | ▼ 27.1K |
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC railroads, line-haul operating | 13.89M | 2.21% | 2.21% | $1.31T | Nov 14, 2025 | ▲ 157.0K |
WELLINGTON MANAGEMENT GROUP LLP railroads, line-haul operating | 11.68M | 1.86% | 1.86% | $1.10T | Nov 14, 2025 | ▼ 10.83M |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ railroads, line-haul operating | 11.66M | 1.86% | 1.86% | $1.10T | Oct 29, 2025 | ▼ 162.8K |
TD ASSET MANAGEMENT INC railroads, line-haul operating | 11.46M | 1.83% | 1.83% | $1.08T | Nov 10, 2025 | ▼ 608.4K |
FIL LTD railroads, line-haul operating | 10.54M | 1.68% | 1.68% | $993.50B | Nov 13, 2025 | ▲ 5.81M |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
25
Increased
+27.87M shares0
New Positions
first time holders25
Decreased
−30.28M shares0
Sold Out
fully exitedNet shares change (top 50)
2.41M
+27.87M / −30.28M
Net new holders
+0
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
CNI insider trading · insider activity
Source: SEC Form 4
Recent Insider Transactions
Showing 10 most recent · Common Stock only
No recent insider transactions reported.
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Canadian National Railway Company (CNI) is primarily owned by institutional investors, who hold approximately 67.9% of total shares outstanding. Company insiders own approximately 2.64%, while retail and public investors account for the remaining 29.48%.
The largest institutional shareholder of Canadian National Railway Company is BILL & MELINDA GATES FOUNDATION TRUST, holding approximately 51.83 million shares — equal to 8.26% of outstanding shares — as of September 30, 2025.
A total of 789 institutional investors currently hold CNI stock, with a combined institutional value of approximately $38.88 billion as of the most recent 13F filing period.
Frequently asked questions
CNI ownershipCanadian National Railway Company (CNI) is primarily owned by institutional investors, who hold approximately 67.9% of shares. The largest shareholder is BILL & MELINDA GATES FOUNDATION TRUST with a 8.26% stake. Company insiders hold 2.64%. Data sourced from SEC Form 13F as of September 30, 2025.