DOSSIER · 13F Holders · Q1 2026Industrials · Railroads, Line-Haul Operating
CP

CANADIAN PACIFIC KANSAS CITY

1,007 institutions still hold CANADIAN PACIFIC KANSAS CITY as of Q1 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 13646K108·Railroads, Line-Haul Operating·1,007 13F holders·last filed Mar 31, 2026
Market cap
13F value held
$27.6B
visible holders
Holders
1,007
filers reporting
Concentration
15.11%
ROYAL BANK OF CANADA #1
top holder share
AI Holders Summary · Q1 2026

Covea Finance walked into the quarter holding 99,934 shares of Canadian Pacific Kansas City. It walked out holding 343,359 — a 244% increase and, in real dollar terms, the single largest buy in this quarter's filing: roughly $21.1 million in fresh purchasing, ahead of any other holder in the stock, including Canoe Financial LP, the stock's own largest tracked holder at roughly 24% of the $817 million in institutional value 13F Insight can see (Canoe added $16.8 million of its own, a smaller percentage move on a much bigger base). Addenda Capital was close behind at $16.4 million. On the sell side, Ninety One UK sold roughly $30.3 million worth of shares — the quarter's largest real sale — cutting its stake 35.6%; the stock's own price rose over the same stretch, so the position's reported dollar value fell by a smaller $22.3 million than the actual sale, understating how much Ninety One UK sold if read from the value column alone. CIDEL Asset Management cut nearly as hard, down 35.9%. The stock's top four holders control roughly 62% of tracked institutional value, and three of the four added shares this quarter.

That's the more interesting part once you zoom out. Canoe Financial LP, still the stock's largest tracked holder at roughly 24% of the $817 million in institutional value 13F Insight can see, added $16.8 million of its own — a smaller percentage increase (9.6%) on a much bigger existing base. Addenda Capital was close behind at $16.4 million (up 19% in shares), and Cardinal Capital Management, the second-largest holder at 18% of tracked value, grew a more modest 1.9%. Three of the stock's four biggest holders added shares this quarter, even as none of them matched Covea's percentage move.

On the other side, Ninety One UK sold roughly $30.3 million worth of shares — the quarter's largest sale by real dollar flow — cutting its stake 35.6%, from 983,667 down to 633,494 shares. The stock's own price actually rose over the same stretch, which is why the position's reported value fell by a smaller $22.3 million than the sale itself; a reader working only from the value column would understate how much Ninety One UK actually sold. CIDEL Asset Management cut nearly as hard in percentage terms, down 35.9% (398,325 to 255,538 shares), and Douglas Lane & Associates trimmed 28%.

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
ROYAL BANK OF CANADA
CIK 0001000275
$4.2B53.0M0.73%Q1 2026
02
TCI Fund Management Ltd
CIK 0001647251
$3.7B46.5M8.10%Q1 2026
03
VANGUARD CAPITAL MANAGEMENT LLC
CIK 0002100119· Index
$1.9B24.7M0.05%Q1 2026
04
Invesco Ltd.
CIK 0000914208
$1.8B22.3M0.17%Q1 2026
05
FIL Ltd
CIK 0000318989
$1.7B21.0M1.28%Q1 2026
06
FMR LLC
CIK 0000315066
$1.6B20.2M0.08%Q1 2026
07
BANK OF MONTREAL /CAN/
CIK 0000927971
$1.6B19.8M0.58%Q1 2026
08
TD ASSET MANAGEMENT INC
CIK 0001056053
$1.5B18.8M1.20%Q1 2026
09
WCM INVESTMENT MANAGEMENT, LLC
CIK 0001061186
$1.2B16.1M2.85%Q1 2026
10
MACKENZIE FINANCIAL CORP
CIK 0000919859
$1.2B15.6M1.48%Q1 2026
11
JPMORGAN CHASE & CO
CIK 0000019617
$1.2B15.7M0.08%Q1 2026
12
1832 Asset Management L.P.
CIK 0000944388
$1.1B14.1M1.02%Q1 2026
13
GEODE CAPITAL MANAGEMENT, LLC
CIK 0001214717· Index
$701M8.8M0.04%Q1 2026
14
CAUSEWAY CAPITAL MANAGEMENT LLC
CIK 0001165797
$690M8.8M8.47%Q1 2026
15
MANUFACTURERS LIFE INSURANCE COMPANY, THE
CIK 0000928047
$637M8.1M0.55%Q1 2026
16
VANGUARD FIDUCIARY TRUST CO
CIK 0000933478· Index
$625M7.9M0.16%Q1 2026
17
GOLDMAN SACHS GROUP INC
CIK 0000886982
$623M7.9M0.07%Q1 2026
18
CIBC WORLD MARKET INC.
CIK 0001421224
$613M7.8M1.00%Q1 2026
19
Legal & General Group Plc
CIK 0000764068
$561M7.1M0.13%Q1 2026
20
Connor, Clark & Lunn Investment Management Ltd.
CIK 0001596800
$557M7.1M1.28%Q1 2026
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Insiders at CANADIAN PACIFIC KANSAS CITY
Brooks John KennethClements James Dominic LutherForan MikeTrafton Gordon T. IiJohnson Robert AllenVelani NadeemFatt William R.Courville Isabelle