5 Best Stocks to Buy According to Billionaire Chris Hohn

3. Canadian National Railway Company (NYSE:CNI)

TCI Fund Management’s Stake Value: $4,127,697,000

Percentage of TCI Fund Management’s 13F Portfolio: 13.06% 

Number of Hedge Fund Holders: 41

Canadian National Railway Company (NYSE:CNI) remained TCI Fund Management’s third favorite stock pick at the end of the second quarter. Although TCI Fund Management didn’t make any changes to its stake in the railroad company during the second quarter, several funds tracked by Insider Monkey increased their holdings in the company during that period. This list included names like John Armitage’s Egerton Capital Limited, which upped its holdings by 26% to 11.82 million shares and billionaire Israel Englander’s Millennium Management, which boosted its stake more than fivefold to 1.95 million shares.

Although Canadian National Railway Company (NYSE:CNI) has had a long history of consistently paying dividends, it had suspended its quarterly dividend amidst the COVID crisis in 202. Nonetheless, the company immediately resumed paying a dividend to its investors. The stock currently pays a dividend of $0.56 per share, which, based on its last closing price, translates into an annual dividend yield of 2%.