Canadian National Railway Company
US ˙ NYSE ˙ CA1363751027

SecurityCNI / Canadian National Railway Company
InstitutionAxa S.a.
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Axa S.a. closes position in CNI / Canadian National Railway Company

On November 14, 2025 - Axa S.a. filed a 13F-HR form disclosing ownership of 0 shares of Canadian National Railway Company (US:CNI) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 121,568 shares of Canadian National Railway Company. This represents a change in shares of -100.00% during the quarter. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-14 2025-09-30 13F CANADIAN NATL RY COM 136375102 0 -121,568 -100.00 0 -100.00
2025-08-14 2025-06-30 13F CANADIAN NATL RY COM 136375102 121,568 73,076 150.70 12,648 167.60 0.0363
2025-05-15 2025-03-31 13F CANADIAN NATL RY COM 136375102 48,492 -43,742 -47.43 4,726 -49.52 0.0155
2025-02-14 2024-12-31 13F CANADIAN NATL RY COM 136375102 92,234 -43,865 -32.23 9,363 -41.28 0.0284
2024-11-14 2024-09-30 13F CANADIAN NATL RY COM 136375102 136,099 -212,503 -60.96 15,944 -61.28 0.0472
2025-02-25 2024-06-30 13F/A-1 CANADIAN NATL RY COM 136375102 348,602 53,976 18.32 41,180 6.12 0.1225
2024-08-14 2024-06-30 13F CANADIAN NATL RY COM 136375102 348,602 53,976 41,180 0.1225
2024-05-15 2024-03-31 13F CANADIAN NATL RY COM 136375102 294,626 132,528 81.76 38,805 90.56 0.1163
2024-07-16 2023-12-31 13F/A-1 CANADIAN NATL RY COM 136375102 162,098 -117,077 -41.94 20,364 -32.67 0.0657
2024-02-14 2023-12-31 13F CANADIAN NATL RY COM 136375102 162,098 -117,077 20,364 0.0399
2023-11-14 2023-09-30 13F CANADIAN NATL RY COM 136375102 279,175 18,237 6.99 30,243 -4.27 0.1063
2023-08-14 2023-06-30 13F CANADIAN NATL RY COM 136375102 260,938 -24,540 -8.60 31,592 -6.19 0.1050
2023-05-15 2023-03-31 13F CANADIAN NATL RY COM 136375102 285,478 -8,715 -2.96 33,678 -3.71 0.1158
2023-02-14 2022-12-31 13F CANADIAN NATL RY COM 136375102 294,193 60,752 26.02 34,974 38.73 0.1262
2023-02-14 2022-09-30 13F/A-1 Canadian National Railway COM 136375102 233,441 -4,387 -1.84 25,209 -5.75 0.0992
2022-11-14 2022-09-30 13F Canadian National Railway COM 136375102 233,441 -4,387 25,209 0.0992
2023-02-14 2022-06-30 13F/A-1 Canadian National Railway COM 136375102 237,828 -38,741 -14.01 26,749 -27.90 0.0991
2022-08-15 2022-06-30 13F Canadian National Railway COM 136375102 237,828 -38,741 26,750 0.0991
2023-02-14 2022-03-31 13F/A-1 Canadian National Railway COM 136375102 276,569 84,600 44.07 37,099 57.29 0.1054
2022-05-13 2022-03-31 13F Canadian National Railway COM 136375102 276,569 84,600 37,099 0.1054
2022-02-14 2021-12-31 13F Canadian National Railway COM 136375102 191,969 40,284 26.56 23,585 34.45 0.0603
2021-11-15 2021-09-30 13F Canadian National Railway COM 136375102 151,685 27,394 22.04 17,542 33.76 0.0492
2021-08-13 2021-06-30 13F/A-1 Canadian National Railway COM 136375102 124,291 -91,642 -42.44 13,115 -47.63 0.0370
2021-08-13 2021-06-30 13F Canadian National Railway COM 136375102 124,291 -91,642 13,115 0.0221
2021-05-14 2021-03-31 13F Canadian National Railway COM 136375102 215,933 -46,700 -17.78 25,043 -13.20 0.0763
2021-02-12 2020-12-31 13F Canadian National Railway COM 136375102 262,633 -6,082 -2.26 28,850 0.85 0.0905
2021-02-11 2020-09-30 13F/A-1 Canadian National Railway COM 136375102 268,715 45,344 20.30 28,607 44.60 0.1034
2020-11-13 2020-09-30 13F Canadian National Railway COM 136375102 268,715 45,344 28,607 57,104.1123
2021-02-12 2020-06-30 13F/A-1 CANADIAN NATL RY COM 136375102 223,371 27,000 13.75 19,784 29.78 0.0779
2020-08-14 2020-06-30 13F CANADIAN NATL RY COM 136375102 223,371 27,000 19,784 78,021.0911
2021-02-12 2020-03-31 13F/A-2 CANADIAN NATL RY COM 136375102 196,371 14,174 7.78 15,244 -7.50 0.0762
2020-06-15 2020-03-31 13F/A-1 CANADIAN NATL RY COM 136375102 196,371 0 15,244 0.0762
2020-05-15 2020-03-31 13F CANADIAN NATL RY COM 136375102 196,371 14,174 15,244 42,393.8262
2021-02-12 2019-12-31 13F/A-1 CANADIAN NATL RY COM 136375102 182,197 -173,421 -48.77 16,480 -48.43 0.0670
2020-02-18 2019-12-31 13F CANADIAN NATL RY COM 136375102 182,197 -173,421 16,480 67,100.9253
2021-02-12 2019-09-30 13F/A-1 CANADIAN NATL RY COM 136375102 355,618 62,865 21.47 31,956 18.03 0.1272
2019-11-14 2019-09-30 13F CANADIAN NATL RY COM 136375102 355,618 62,865 31,956 127,346.6944
2021-02-12 2019-06-30 13F/A-1 CANADIAN NATL RY COM 136375102 292,753 -72,086 -19.76 27,074 -17.07 0.1057
2019-08-13 2019-06-30 13F CANADIAN NATL RY COM 136375102 292,753 -72,086 27,074 106,172.8405
2019-05-14 2019-03-31 13F CANADIAN NATL RY COM 136375102 364,839 -56,007 -13.31 32,646 4.67 0.1276
2019-02-13 2018-12-31 13F CANADIAN NATL RY COM 136375102 420,846 -68,418 -13.98 31,189 -29.01 0.1359
2018-11-08 2018-09-30 13F CANADIAN NATL RY COM 136375102 489,264 86,200 21.39 43,936 33.34 0.1611
2018-08-13 2018-06-30 13F CANADIAN NATL RY COM 136375102 403,064 -12,138 -2.92 32,950 8.52 0.1263
2018-05-14 2018-03-31 13F CANADIAN NATL RY COM 136375102 415,202 -205,535 -33.11 30,364 -40.71 0.1212
2018-02-13 2017-12-31 13F CANADIAN NATL RY COM 136375102 620,737 20,134 3.35 51,211 2.92 0.2011
2017-12-01 2017-09-30 13F/A-1 CANADIAN NATL RY COM 136375102 600,603 -13,771 -2.24 49,760 -0.07 0.2144
2017-11-13 2017-09-30 13F CANADIAN NATL RY COM 136375102 600,603 -13,771 49,760
2017-08-10 2017-06-30 13F CANADIAN NATL RY COM 136375102 614,374 -28,255 -4.40 49,795 4.81 0.2261
2017-05-11 2017-03-31 13F CANADIAN NATL RY COM 136375102 642,629 111,138 20.91 47,510 32.63 0.2145
2017-02-13 2016-12-31 13F CANADIAN NATL RY COM 136375102 531,491 -50,300 -8.65 35,822 -5.86 0.1681
2016-11-10 2016-09-30 13F CANADIAN NATL RY COM 136375102 581,791 -4,338 -0.74 38,050 10.51 0.1671
2016-08-11 2016-06-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 586,129 8,707 1.51 34,432 -4.97 0.1534
2016-05-13 2016-03-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 577,422 4,464 0.78 36,232 13.57 0.1625
2016-02-12 2015-12-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 572,958 15,994 2.87 31,904 1.34 0.1394
2015-11-13 2015-09-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 556,964 41,453 8.04 31,481 5.80 0.1291
2015-08-13 2015-06-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 515,511 156,200 43.47 29,755 23.65 0.1191
2015-05-13 2015-03-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 359,311 -12,132 -3.27 24,063 -6.23 0.0992
2015-02-13 2014-12-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 371,443 29,800 8.72 25,662 5.58 0.1029
2014-11-13 2014-09-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 341,643 -55,258 -13.92 24,306 -6.01 0.1039
2014-08-13 2014-06-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 396,901 49,872 14.37 25,860 32.43 0.1076
2014-05-13 2014-03-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 347,029 -58,471 -14.42 19,528 -15.51 0.0849
2014-02-13 2013-12-31 13F CANADIAN NATIONAL RAILWAY COM 136375102 405,500 209,800 107.20 23,112 16.31 0.1035
2013-11-13 2013-09-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 195,700 1,200 0.62 19,871 5.25 0.0979
2013-08-12 2013-06-30 13F CANADIAN NATIONAL RAILWAY COM 136375102 194,500 194,500 18,880 0.1003
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.