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Canadian National Railway CNI

US equityMarket cap rank #298Railroads

$124.06 −$2.43 (-1.92%)

Market closed · Nov 7, 9:10 am ET · Last extended-hours $124.06 0.00%

Open$124.28

Prev close$126.49

Day range$123.18 – $125.63

Volume1.16M

Market cap$74.94B

P/E (TTM)21.8

Dividend yield2.06%

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership70.4%+0.45 pts vs. prior quarter

Institutions holding1,090+6 vs. prior quarter

Insider trades (recent)0 buys / 3 sellsNet selling

Short interest0.83% of floatDays to cover 5.4 · as of 15 Oct 2026

Short-sale volume share22.6%5-day average of daily volume

Short-sale volume as % of daily volume

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$31.47M (3 inflow days, 17 outflow days).

Net flow by order size, last 20 sessions

Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.

The five largest holders on file together own 21.3% of shares outstanding.

Largest holders

Bill & Melinda Gates Foundation Asset Trust8.64%
Vanguard Capital Management, LLC3.46%
Fidelity International Ltd3.19%
La Caisse de dépôt et placement du Québec3.16%
RBC Global Asset Management Inc.2.87%
1832 Asset Management L.P.2.75%
BMO Asset Management2.34%
RBC Dominion Securities Inc.1.87%

By investor type

Mutual Fund45.52%
Foundation8.64%
Government Pension Fund4.74%
Public Company3.77%
Private Company3.11%
Hedge Fund3.02%
Sovereign Wealth Fund0.99%
Family Office/Trust0.35%

Reported short interest has risen from 0.77% to 0.83% of float over the last 6 biweekly reports (31 Jul 2026 to 15 Oct 2026).

Recent institutional activity

Holder	Type	Period	Share change	New stake
CIBC Asset Management Inc.	Mutual Fund	2026/Q3	+3,193,207	1.1%
Harding Loevner LP	Mutual Fund	2026/Q3	+2,549,371	0.9%
Fidelity International Ltd	Mutual Fund	2026/Q3	+2,288,097	3.2%
RBC Dominion Securities Inc.	Private Company	2026/Q3	+1,912,414	1.9%
PineStone Asset Management Inc.	Mutual Fund	2026/Q3	+1,673,962	0.3%
Connor, Clark & Lunn Investment Management Ltd.	Mutual Fund	2026/Q3	+1,099,056	0.9%
Two Sigma Investments, LP	Hedge Fund	2026/Q3	+974,828	0.2%
RBC Global Asset Management Inc.	Mutual Fund	2026/Q3	+909,958	2.8%
Bessemer Investment Management LLC	Mutual Fund	2026/Q3	+908,136	0.2%
Manulife Asset Management	Mutual Fund	2026/Q3	+899,494	0.9%
BMO Asset Management	Mutual Fund	2026/Q3	+882,485	2.3%
Royal Bank of Canada	Public Company	2026/Q3	+813,884	0.2%
ClearBridge Investments, LLC	Mutual Fund	2026/Q3	+711,429	1.0%
Morgan Stanley	Public Company	2026/Q3	+702,516	0.4%
Geode Capital Management, LLC	Mutual Fund	2026/Q3	+607,775	1.0%

Institutional buy/sell activity by reporting period, largest moves first.

Insider transactions

Date	Insider	Title	Transaction	Shares	Price	Held after
24 Jul 2024	Keith Reardon	Former Senior Vice-President of Interline & Network Development	Intent to Sell (Form 144)	-7,892	$122.00	–
26 Feb 2024	Keith Reardon	Former Senior Vice-President of Interline & Network Development	Intent to Sell (Form 144)	-5,000	$131.00	–
11 Dec 2023	Keith Reardon	Former Senior Vice-President of Interline & Network Development	Intent to Sell (Form 144)	-8,940	$118.01	–

From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.

Short interest, by report

Report date	Shares short	% of float	Days to cover
15 Oct 2026	4,986,177	0.8%	5.4
30 Sep 2026	6,384,869	1.1%	5.1
15 Sep 2026	5,402,423	0.9%	3.3
31 Aug 2026	6,732,279	1.1%	6.5
14 Aug 2026	4,820,073	0.8%	3.7
31 Jul 2026	4,651,995	0.8%	2.6

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