Canadian National Railway Company
DE ˙ DB ˙ CA1363751027
102,20 € ↓ -0,75 (-0,73%)
2026-06-04
DEL PRIS
SecurityDE:CY2 / Canadian National Railway Company
InstitutionLetko, Brosseau & Associates Inc
Latest Disclosed Ownership1,051,605 shares
Latest Disclosed Value $ 107,892,081
Letko, Brosseau & Associates Inc reports 35.98% increase in ownership of CY2 / Canadian National Railway Company

On May 12, 2026 - Letko, Brosseau & Associates Inc filed a 13F-HR form disclosing ownership of 1,051,605 shares of Canadian National Railway Company (DE:CY2) valued at $93,424,588 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 773,340 shares of Canadian National Railway Company. This represents a change in shares of 35.98% during the quarter. The current value of the position is $107,474,031 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)
2026-05-12 2026-03-31 13F CANADIAN NATL RY COM 136375102 1,051,605 278,265 35.98 107,892 40.88 1.7389
2026-02-11 2025-12-31 13F CANADIAN NATL RY COM 136375102 773,340 773,340 76,586 1.2539
2016-08-04 2016-06-30 13F CANADIAN NATL RY COM 136375102 0 -84,710 -100.00 0 -100.00
2016-05-11 2016-03-31 13F CANADIAN NATL RY COM 136375102 84,710 65,287 336.13 5,300 385.79 0.0523
2014-05-12 2014-03-31 13F CANADIAN NATL RY COM 136375102 19,423 -3,883 -16.66 1,091 -17.78 0.0093
2014-02-13 2013-12-31 13F CANADIAN NATL RY COM 136375102 23,306 15,756 208.69 1,327 73.24 0.0109
2013-11-14 2013-09-30 13F CANADIAN NATL RY COM 136375102 7,550 850 12.69 766 17.30 0.0067
2013-08-06 2013-06-30 13F CANADIAN NATL RY COM 136375102 6,700 6,700 653 0.0061
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.