GATES FOUNDATION TRUST — CANADIAN NATL RY CO CNI: Quarterly 13F Position History
GATES FOUNDATION TRUST has reported CANADIAN NATL RY CO (CNI) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 51,826,786 shares ($5.33B market value, 16.82% of the equity book).
- 51,826,786Shares Held (Latest Filing)
- $5.33BReported Market Value (Latest Filing)
- 16.82%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- +$203.2MQuarter-over-Quarter Value Change
- 54,826,786Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 51,826,786 | 0 | — | $5.33B | 16.82% | $102.77 |
| Q4 2025 | 51,826,786 | 0 | — | $5.12B | 14.49% | $98.85 |
| Q3 2025 | 51,826,786 | 3,000,000 | -5.5% | $4.89B | 13.36% | $94.30 |
| Q2 2025 | 54,826,786 | 0 | — | $5.70B | 11.94% | $104.04 |
| Q1 2025 | 54,826,786 | 0 | — | $5.34B | 12.78% | $97.46 |
| Q4 2024 | 54,826,786 | 0 | — | $5.57B | 13.25% | $101.51 |
| Q3 2024 | 54,826,786 | 0 | — | $6.42B | 14.25% | $117.15 |
| Q2 2024 | 54,826,786 | 0 | — | $6.48B | 13.59% | $118.13 |
| Q1 2024 | 54,826,786 | 0 | — | $7.22B | 15.75% | $131.71 |
| Q4 2023 | 54,826,786 | 0 | — | $6.89B | 16.29% | $125.63 |
| Q3 2023 | 54,826,786 | 0 | — | $5.94B | 15.26% | $108.33 |
| Q2 2023 | 54,826,786 | 0 | — | $6.64B | 15.78% | $121.07 |
| Q1 2023 | 54,826,786 | 0 | — | $6.47B | 17.74% | $117.97 |
| Q4 2022 | 54,826,786 | 0 | — | $6.52B | 18.24% | $118.88 |
| Q3 2022 | 54,826,786 | +44,548,156 | +433.4% | $5.92B | 17.42% | $107.99 |
| Q2 2022 | 10,278,630 | 2,787,539 | -21.3% | $1.16B | 6.54% | $112.47 |
| Q1 2022 | 13,066,169 | 0 | — | $1.75B | 8.87% | $134.16 |
| Q4 2021 | 13,066,169 | 0 | — | $1.61B | 6.99% | $122.89 |
| Q3 2021 | 13,066,169 | 841,114 | -6.0% | $1.51B | 6.52% | $115.69 |
| Q2 2021 | 13,907,283 | 0 | — | $1.47B | 6.15% | $105.54 |
| Q1 2021 | 13,907,283 | 3,071,985 | -18.1% | $1.61B | 7.70% | $115.98 |
| Q4 2020 | 16,979,268 | 147,606 | -0.9% | $1.87B | 8.35% | $109.85 |
| Q3 2020 | 17,126,874 | 0 | — | $1.82B | 8.26% | $106.46 |
| Q2 2020 | 17,126,874 | 0 | — | $1.52B | 8.49% | $88.57 |
| Q1 2020 | 17,126,874 | 0 | — | $1.33B | 7.66% | $77.63 |
| Q4 2019 | 17,126,874 | 0 | — | $1.55B | 7.25% | $90.45 |
| Q3 2019 | 17,126,874 | 0 | — | $1.54B | 7.25% | $89.86 |
| Q2 2019 | 17,126,874 | 0 | — | $1.58B | 7.99% | $92.48 |
| Q1 2019 | 17,126,874 | 0 | — | $1.53B | 7.34% | $89.48 |
| Q4 2018 | 17,126,874 | 0 | — | $1.27B | 5.79% | $74.11 |
| Q3 2018 | 17,126,874 | 0 | — | $1.54B | 5.96% | $89.80 |
| Q2 2018 | 17,126,874 | 0 | — | $1.40B | 6.33% | $81.75 |
| Q1 2018 | 17,126,874 | 0 | — | $1.25B | 5.12% | $73.13 |
| Q4 2017 | 17,126,874 | 0 | — | $1.41B | 5.34% | $82.50 |
| Q3 2017 | 17,126,874 | 0 | — | $1.42B | 5.51% | $82.85 |
| Q2 2017 | 17,126,874 | 0 | — | $1.39B | 6.01% | $81.05 |
| Q1 2017 | 17,126,874 | 0 | — | $1.27B | 6.71% | $73.93 |
| Q4 2016 | 17,126,874 | 0 | — | $1.15B | 6.07% | $67.40 |
| Q3 2016 | 17,126,874 | 0 | — | $1.12B | 6.07% | $65.40 |
| Q2 2016 | 17,126,874 | 0 | — | $1.01B | 6.01% | $59.06 |
| Q1 2016 | 17,126,874 | — | — | $1.07B | 6.22% | $62.46 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did GATES FOUNDATION TRUST first disclose a CNI position in 13F-HR filings?
GATES FOUNDATION TRUST first reported CANADIAN NATL RY CO (CNI) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was GATES FOUNDATION TRUST's most recent quarter-over-quarter share-count change in CNI?
GATES FOUNDATION TRUST held the same 51,826,786 shares of CNI between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent GATES FOUNDATION TRUST's cost basis in CNI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.