Canadian National Railway Company (CNI) Shareholders & Insider Trades
Canadian National Railway shareholders at a glance
The largest holder of Canadian National Railway stock is Gates Foundation Trust, with 51.8 million shares (8.56% of the company), worth about $6.47 billion as of September 25, 2026. The 10 largest holders together own 32.6%.
In Q2 2026, 885 institutional holdings reports listed 405.0 million shares worth $49.70 billion, up 1.0% in shares from Q1 2026.
Insiders reported 100 transactions in the last two years: no sales and no purchases. The newest one on file is from May 1, 2026 (Canadian National Railway Co, Issuer).
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026); insider transactions on file through May 1, 2026.
Canadian National Railway Company
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest Canadian National Railway shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| Gates Foundation Trust | 51.8 million | 8.56% | $6.5B |
| Royal Trust Corporation of Canada | 31.4 million | 5.20% | $3.9B |
| Fidelity Investments Canada ULC | 19.1 million | 3.16% | $2.4B |
| Caisse de dépôt et placement du Québec | 19.0 million | 3.13% | $2.4B |
| 1832 Asset Management LP | 16.5 million | 2.73% | $2.1B |
| Vanguard Capital Management LLC | 15.9 million | 2.63% | $2.0B |
| BMO Bank NA (Investment Management) | 12.7 million | 2.09% | $1.6B |
| TD Waterhouse Private Investment Counsel, Inc. | 12.3 million | 2.04% | $1.5B |
| TCI Fund Management Ltd. | 9.4 million | 1.56% | $1.2B |
| Mackenzie Financial Corp. | 8.9 million | 1.48% | $1.1B |
As of September 25, 2026.
Canadian National Railway institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 885 | 405.0 million | $49.7B |
| Q1 2026 | 864 | 401.0 million | $42.0B |
| Q4 2025 | 846 | 411.0 million | $40.8B |
| Q3 2025 | 801 | 414.0 million | $39.1B |
| Q2 2025 | 860 | 459.0 million | $47.9B |
| Q1 2025 | 871 | 428.0 million | $41.8B |
| Q4 2024 | 903 | 440.0 million | $44.8B |
| Q3 2024 | 905 | 430.0 million | $50.3B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Canadian National Railway insider trades
| Insider | Date | Title | Transaction | Value |
|---|---|---|---|---|
| Canadian National Railway Co | May 1, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 30, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 30, 2026 | Issuer | Redemption, retraction, cancelation, repurchase at price 111.32 per share. | $5.9M |
| Canadian National Railway Co | Apr 29, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 29, 2026 | Issuer | Redemption, retraction, cancelation, repurchase at price 108.36 per share. | $6.1M |
| Canadian National Railway Co | Apr 28, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 28, 2026 | Issuer | Redemption, retraction, cancelation, repurchase at price 115.08 per share. | $6.1M |
| Canadian National Railway Co | Apr 27, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 27, 2026 | Issuer | Redemption, retraction, cancelation, repurchase at price 115.32 per share. | $6.1M |
| Canadian National Railway Co | Apr 24, 2026 | Issuer | -- | – |
| Canadian National Railway Co | Apr 24, 2026 | Issuer | Redemption, retraction, cancelation, repurchase at price 114.69 per share. | $6.1M |
| Canadian National Railway Co | Apr 23, 2026 | Issuer | -- | – |
Newest 12 of 100 insider transactions in the last two years.
Questions and answers
Who owns the most Canadian National Railway stock?
Gates Foundation Trust, with 8.56% of the company (as of September 25, 2026). Next: Royal Trust Corporation of Canada (5.20%) and Fidelity Investments Canada ULC (3.16%).
How many institutions own Canadian National Railway stock?
885 institutional holdings reports listed Canadian National Railway shares in Q2 2026, 405.0 million shares in all worth $49.70 billion.
Are Canadian National Railway insiders buying or selling the stock?
In the last two years insiders reported no sales and no purchases (100 transactions in all); the newest on file is from May 1, 2026.
