Canadian Pacific Kansas City

CP • NYSE

Canadian Pacific Kansas City is a railroads company in the industrials sector on NYSE, led by Keith E. Creel, with a market cap of $65.2B. As of Q3 2025, 67% of shares are held by 917 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 5.94%.

CEOKeith E. Creel

Market Cap$65.2B

Railroads

Industrials

Employees20.0K

Websitecpr.ca

Country

United States of America

Overview

Overview of institutional ownership in CP as of Q3 2025 with a market cap of $68.4B

All Institutions

Institutions: 917
Value Held: $45.7B
Shares Held: 613.0M
Avg Position: $49.9M
Median Position: $858.0K

Hedge Funds

Hedge Funds: 48
Value Held: $1.4B
Shares Held: 18.5M
Avg Position: $28.8M
Median Position: $3.2M

Ownership Breakdown

Institutional (non-HF)

64.83%

$44.3B

Hedge Funds

2.02%

$1.4B

Retail & Other

33.15%

$22.7B

Based on market cap of $68.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$4.1B 0.75% of portfolio	5.94% 54.6M shares	≤ Q2 2013 Held for 12y 6m+	$542.04B
T TCI Fund Management Ltd Institution	-	$3.7B 7.05% of portfolio	5.43% 49.9M shares	Q1 2018 Held for 7y 9m	$52.7B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.9B 0.04% of portfolio	4.22% 38.7M shares	Q1 2015 Held for 10y 9m	$6.69T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$1.7B 0.27% of portfolio	2.52% 23.1M shares	≤ Q2 2013 Held for 12y 6m+	$633.08B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$1.6B 0.72% of portfolio	2.38% 21.9M shares	≤ Q2 2013 Held for 12y 6m+	$227.19B
T TD ASSET MANAGEMENT INC Institution	-	$1.4B 1.12% of portfolio	2.03% 18.6M shares	≤ Q2 2013 Held for 12y 6m+	$123.48B
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	Paul Russell Black CEO	$1.2B 2.56% of portfolio	1.82% 16.7M shares	Q3 2013 Held for 12y 3m	$48.1B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$1.2B 1.47% of portfolio	1.78% 16.3M shares	≤ Q2 2013 Held for 12y 6m+	$82.7B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.2B 0.08% of portfolio	1.72% 15.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
G GCIC Ltd. Institution	-	$1.1B 1.81% of portfolio	1.55% 14.3M shares	Q4 2013 Held for 12 years	$58.8B

Net Capital Flow

Institutional buying and selling activity for CP in Q3 2025

Traded: −$1.4B
Buyers: 349
Sellers: 462
Total Bought: +$1.9B
Total Sold: −$3.2B
Avg Position: $45.0M

Biggest Buyers

Institution	Net Bought	Current Position
Invesco Ltd. ETF Provider	+$267.0M +3.6M shares	$1.7B 23.1M shares
F FIL Ltd Institution	+$201.8M +2.7M shares	$1.0B 13.9M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$173.2M +2.3M shares	$785.5M 10.5M shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$75.8M +1.0M shares	$102.7M 1.4M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$68.9M +925.0K shares	$68.9M 925.1K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$66.2M +876.5K shares	$631.7M 8.4M shares
BANK OF MONTREAL /CAN/ Institution	+$62.4M +838.1K shares	$1.6B 21.9M shares
A AKO CAPITAL LLP Institution	+$59.6M +799.6K shares	$59.6M 799.6K shares
CIBC Global Asset Management Inc Long Only Manager	+$52.2M +698.7K shares	$623.9M 8.4M shares
TORONTO DOMINION BANK Institution	+$49.8M +669.7K shares	$190.6M 2.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
T TCI Fund Management Ltd Institution	−$220.5M −3.0M shares	$3.7B 49.9M shares
MORGAN STANLEY RIA/Wealth	−$197.1M −2.6M shares	$323.9M 4.3M shares
Egerton Capital LLP Hedge Fund•Long/Short	−$188.5M −2.5M shares	$150.9M 2.0M shares
FRANKLIN RESOURCES INC Institution	−$184.9M −2.5M shares	$679.9M 9.1M shares
T TD ASSET MANAGEMENT INC Institution	−$175.8M −2.4M shares	$1.4B 18.6M shares
M Mitsubishi UFJ Trust & Banking Corp Institution	−$153.8M −1.9M shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$129.8M −1.7M shares	$33.6M 450.5K shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$128.1M −1.6M shares	Sold Off 0 shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$114.3M −1.5M shares	$843.1M 11.3M shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	−$86.2M −1.2M shares	$1.0B 13.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CP in Q3 2025

New Positions: 28
New Value: $143.6M
Exited Positions: 98
Exited Value: $638.9M

New Positions

Institution	Position Value
A AKO CAPITAL LLP Institution	$59.6M 799.6K shares
W WGI DM, LLC Long Only Manager	$31.4M 421.5K shares
OSTERWEIS CAPITAL MANAGEMENT INC Long Only Manager	$25.1M 337.3K shares
C Coleford Investment Management Ltd. Institution	$9.9M 133.5K shares
S Sienna Gestion Institution	$7.3M 107.7K shares
M MERIDIAN INVESTMENT COUNSEL INC. RIA/Wealth	$2.4M 32.4K shares
MARKEL CORP Institution	$2.3M 31.0K shares
M Meixler Investment Management, Ltd. RIA/Wealth	$1.6M 22.1K shares
M MMCAP International Inc. SPC Institution	$953.5K 12.8K shares
T Timelo Investment Management Inc. Institution	$744.9K 10.0K shares

Exited Positions

Institution	Previous Position
M Mitsubishi UFJ Trust & Banking Corp Institution	$153.8M 1.9M shares
Holocene Advisors, LP Hedge Fund•Long/Short	$128.1M 1.6M shares
Q QV Investors Inc. Institution	$43.9M 553.9K shares
London & Capital Asset Management Ltd Digital Asset Manager	$32.4M 408.4K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$30.4M 383.0K shares
Woodline Partners LP Hedge Fund•Long/Short	$24.4M 307.4K shares
S SOROS FUND MANAGEMENT LLC Institution	$23.9M 301.8K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$23.3M 293.8K shares
Coalescence Partners Investment Management, LP Venture Capital	$23.1M 291.9K shares
T TCW GROUP INC Institution	$17.4M 220.0K shares

Options Activity

Institutions with the largest Call and Put options positions in CP as of Q3 2025

Call Positions: 22
Call Value: $132.5M
Put Positions: 17
Put Value: $60.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$44.5M 6.0K contracts
TORONTO DOMINION BANK Institution	$18.0M 2.4K contracts
S SIG North Trading, ULC Institution	$14.5M 2.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.1M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$6.7M 914.0 contracts
R ROYAL BANK OF CANADA Institution	$6.1M 824.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$4.9M 657.0 contracts
P PEAK6 LLC Institution	$4.8M 645.0 contracts
Walleye Trading LLC RIA/Wealth	$4.4M 594.0 contracts
C Cubist Systematic Strategies, LLC Institution	$3.6M 480.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$19.5M 2.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.4M 2.2K contracts
S SIG North Trading, ULC Institution	$6.0M 805.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$5.6M 758.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.6M 358.0 contracts
M Murchinson Ltd. Institution	$2.4M 325.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.2M 289.0 contracts
J JANE STREET GROUP, LLC Institution	$1.3M 181.0 contracts
BANK OF MONTREAL /CAN/ Institution	$744.6K 100.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$700.2K 94.0 contracts

Most Committed Institutions

Institutions with CP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	13.31% $1.0B	1.47% 13.5M shares	Q3 2023 Held for 2y 3m	$7.6B
C Consulta Ltd Institution	-	11.65% $204.8M	0.30% 2.8M shares	Q2 2022 Held for 3y 6m	$1.8B
RIVULET CAPITAL, LLC Hedge Fund•Long/Short	Joshua Ari Kuntz Managing Partner	9.77% $89.8M	0.13% 1.2M shares	Q3 2024 Held for 1y 3m	$918.9M
CHANNING GLOBAL ADVISORS, LLC Long Only Manager	Josephine Santos Jimenez CIO	9.43% $13.6M	0.02% 182.8K shares	Q4 2021 Held for 4 years	$144.5M
Veritas Asset Management LLP Long Only Manager	Antony Paul Burgess Managing Partner	7.73% $723.9M	1.06% 9.7M shares	Q2 2019 Held for 6y 6m	$9.4B
P Prevatt Capital Ltd Long Only Manager	Jonathan Israel Tepper CIO	7.09% $20.9M	0.03% 280.0K shares	Q4 2023 Held for 2 years	$294.2M
T TCI Fund Management Ltd Institution	-	7.05% $3.7B	5.43% 49.9M shares	Q1 2018 Held for 7y 9m	$52.7B
11 Capital Partners LP Hedge Fund•Long/Short	Jason Douglas Mcdougall CIO	6.46% $22.8M	0.03% 306.3K shares	Q2 2023 Held for 2y 6m	$353.1M
R Rothschild & Co Wealth Management UK Ltd Institution	-	6.36% $395.2M	0.58% 5.3M shares	Q2 2023 Held for 2y 6m	$6.2B
D Dilation Capital Management LP Long Only Manager	Brian Lee Eizenstat Managing Partner	6.29% $12.7M	0.02% 170.3K shares	Q4 2024 Held for 1 year	$201.8M

Hedge Fund Spotlight

Discover hedge funds investing in CP

Voleon Capital Management LP

Hedge Fund • Quant

Portfolio ManagerMichael Kharitonov

Portfolio Value: $4.1B
Positions: 884
Last Reported: Q3 2025

Sector Allocation

Position in Canadian Pacific Kansas City

Market Value: $331.9K
Shares Held: 4.5K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

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