Billionaire Chris Hohn’s Top 9 Stock Picks

7. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 44

TCI Fund Management’s Stake: $4.1 billion

Canadian National Railway Company (NYSE:CNI) engages in rail and related transportation business in North America, providing transportation for various goods. There are multiple factors that highlight why the company is a compelling investment opportunity. The first contributing aspect is the robust financial growth, as depicted in the report for the third quarter of 2024. For instance, the total revenue reported was $4.11 billion, showing an increase of 3.1% from the third quarter of 2023. The second most rewarding factor is its four-year collective agreements with Unifor, representing about 3,300 Canadian employees in various positions, which were ratified on December 22, 2024. The agreements include annual wage increases of 3% and will remain in effect until December 31, 2028.