Quadrature Capital Ltd reports 80.01% decrease in ownership of CY2 / Canadian National Railway Company

Canadian National Railway Company

DE ˙ DB ˙ CA1363751027

102,20 € ↓ -0,75 (-0,73%)

2026-06-04
DEL PRIS

Security	DE:CY2 / Canadian National Railway Company
Institution	Quadrature Capital Ltd
Latest Disclosed Ownership	452,000 shares
Latest Disclosed Value	$ 46,374,089

On May 15, 2026 - Quadrature Capital Ltd filed a 13F-HR form disclosing ownership of 452,000 shares of Canadian National Railway Company (DE:CY2) valued at $40,155,680 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 2,261,305 shares of Canadian National Railway Company. This represents a change in shares of -80.01% during the quarter. The current value of the position is $46,194,400 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.

Upgrade to unlock premium data and export to Excel Premium Registration Required .

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	CANADIAN NATL RY	COM	136375102	452,000	-1,809,305	-80.01	46,374	-79.29	0.5518
2026-02-17	2025-12-31	13F	CANADIAN NATL RY	COM	136375102	2,261,305	521,605	29.98	223,941	36.51	2.2859
2025-11-13	2025-09-30	13F	CANADIAN NATL RY	COM	136375102	1,739,700	1,642,700	1,693.51	164,043	1,532.76	1.9405
2025-08-13	2025-06-30	13F	CANADIAN NATL RY	COM	136375102	97,000	-2,113,700	-95.61	10,047	-95.36	0.1731
2025-05-13	2025-03-31	13F	CANADIAN NATL RY	COM	136375102	2,210,700	1,148,400	108.11	216,419	100.26	4.7992
2025-02-13	2024-12-31	13F	CANADIAN NATL RY	COM	136375102	1,062,300	79,800	8.12	108,068	-6.18	2.1653
2024-11-14	2024-09-30	13F	CANADIAN NATL RY	COM	136375102	982,500	-950,700	-49.18	115,188	-49.49	2.6122
2024-08-14	2024-06-30	13F	CANADIAN NATL RY	COM	136375102	1,933,200	1,879,156	3,477.09	228,039	3,251.54	3.8243
2024-02-13	2023-12-31	13F	CANADIAN NATL RY	COM	136375102	54,044	-1,175,856	-95.61	6,804	-94.93	0.1274
2023-11-14	2023-09-30	13F	CANADIAN NATL RY	COM	136375102	1,229,900	611,400	98.85	134,136	79.17	2.8400
2023-08-14	2023-06-30	13F	CANADIAN NATL RY	COM	136375102	618,500	-363,700	-37.03	74,865	-35.35	1.7183
2023-05-15	2023-03-31	13F	CANADIAN NATL RY	COM	136375102	982,200	769,600	361.99	115,803	359.15	3.3764
2023-02-14	2022-12-31	13F	CANADIAN NATL RY	COM	136375102	212,600	-31,700	-12.98	25,222	-5.34	0.7819
2022-11-14	2022-09-30	13F	CANADIAN NATL RY	COM	136375102	244,300	-160,500	-39.65	26,645	-41.45	0.9233
2022-08-15	2022-06-30	13F	CANADIAN NATL RY	COM	136375102	404,800	361,400	832.72	45,506	680.28	1.9485
2022-05-16	2022-03-31	13F	CANADIAN NATL RY	COM	136375102	43,400	35,200	429.27	5,832	483.20	0.2437
2022-02-14	2021-12-31	13F	CANADIAN NATL RY	COM	136375102	8,200	8,200		1,000		0.0543
2021-11-15	2021-09-30	13F	CANADIAN NATL RY	COM	136375102	0	-736,300	-100.00	0	-100.00
2021-08-16	2021-06-30	13F	CANADIAN NATL RY	COM	136375102	736,300	543,100	281.11	77,695	248.24	3.0391
2021-05-17	2021-03-31	13F	CANADIAN NATL RY	COM	136375102	193,200	187,000	3,016.13	22,311	3,986.26	1.1065
2020-08-14	2020-06-30	13F	CANADIAN NATL RY	COM	136375102	6,200	-13,400	-68.37	546	-63.94	0.0646
2020-05-15	2020-03-31	13F	CANADIAN NATL RY	COM	136375102	19,600	-536,100	-96.47	1,514	-96.97	0.4311
2020-02-14	2019-12-31	13F	CANADIAN NATL RY	COM	136375102	555,700	51,700	10.26	49,959	10.21	2.0817
2019-11-14	2019-09-30	13F	CANADIAN NATL RY	COM	136375102	504,000	464,036	1,161.14	45,332	1,126.52	2.1915
2019-08-14	2019-06-30	13F	CANADIAN NATL RY	COM	136375102	39,964	39,964		3,696		0.2445
2018-08-10	2018-06-30	13F	CANADIAN NATL RY	COM	136375102	0	-52,522	-100.00	0	-100.00
2018-05-11	2018-03-31	13F	CANADIAN NATL RY	COM	136375102	52,522	52,522		3,830		0.2998
2018-02-12	2017-12-31	13F	CANADIAN NATL RY	COM	136375102	0	-23,100	-100.00	0	-100.00
2017-11-13	2017-09-30	13F	CANADIAN NATL RY	COM	136375102	23,100	23,100		1,920		0.2432
2016-08-11	2016-06-30	13F	CANADIAN NATL RY	COM	136375102	0	-40,900	-100.00	0	-100.00
2016-05-13	2016-03-31	13F	CANADIAN NATL RY	COM	136375102	40,900	9,700	31.09	2,551	46.69	0.3550
2016-02-11	2015-12-31	13F	CANADIAN NATL RY	COM	136375102	31,200	31,200		1,739		0.2669

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.