Sustainable Growth Advisers 13F: Cuts CP Stake by $105M

Sustainable Growth Advisers dialed back its investment in Canadian Pacific Kansas City Limited CP during the period, trimming its holdings by more than a third. Because Form 13F filings look backward at institutional portfolios, the report filed on October 15, 2026, shows positions as of the end of the quarter and may not reflect the investor's current stake.

What Changed in Sustainable Growth Advisers's Canadian Pacific Kansas City Position

Sustainable Growth Advisers sold off 1,239,476 shares of the transcontinental freight railway operator. The 38.2% reduction left the fund with 2,007,716 shares. The remaining stake carried a reported value of $170,856,632 at the time of the filing.

Other Institutional Activity in Canadian Pacific Kansas City

Other large funds also shifted their weight around in the railway stock during the period. Royal Bank of Canada grew its holdings by 1,286,684 shares, ending with 54,236,633 shares worth about $4,738,112,291. TCI Fund Management Ltd reduced its position by 1,195,598 shares, finishing with 45,325,726 shares valued at $3,959,655,451. JPMORGAN CHASE & CO grew its stake significantly by 10,625,707 shares, landing on 26,369,828 shares worth roughly $2,303,668,190. Vanguard Capital Management LLC pared back its holdings by 101,134 shares, leaving it with 24,565,613 shares valued at $2,146,051,966. Meanwhile, FMR, LLC lifted its stake by 4,156,862 shares to hold 24,316,233 shares worth about $2,124,266,129.

Canadian Pacific Kansas City Limited Stock Up 0.9%

Shares of Canadian Pacific Kansas City recently traded around $87.73 as of October 16, 2026. The stock sits above its 200-day moving average by about 3.1%, though it remains down about 9.5% from its 52-week high of $96.90. Analysts have set a mean price target of $98.44 for the company, which carries a market capitalization of roughly $76.8 billion.

Recent Earnings

Canadian Pacific Kansas City pulled in $15,449,000,000 in trailing-twelve-month revenue with an earnings per share total of $3.11. The railway operator posted a net profit margin of 25.0% and a return on equity of 8.2% for the period. The company's next quarterly earnings update is scheduled for October 28, 2026.

Dividend

Canadian Pacific Kansas City pays an annual dividend rate of $0.75 per share, giving it a dividend yield of 0.87%. The company allocates 22.1% of its earnings toward dividend payouts.

Analysts Set New Price Targets

Wall Street firms have kept a generally positive outlook on the railroad operator ahead of its upcoming report. On July 30, 2026, Citigroup maintained its Buy rating while raising its price target to $106.00. On the same day, RBC Capital kept an Outperform rating and lifted its target to $145.00. Evercore ISI Group also maintained an Outperform rating on July 30, 2026, moving its target up to $99.00. Later, on October 2, 2026, Susquehanna maintained a Positive rating with a target of $98.00. Citigroup adjusted its target to $102.00 while maintaining a Buy rating on October 7, 2026. Overall, the stock carries a consensus Buy rating from analysts.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City operates a freight railway network spanning Canada, the United States, and Mexico. Headquartered in Calgary, Alberta, the company provides vital rail transportation and logistics services across North America's major trade corridors, helping supply chains move goods efficiently across international borders.

Bottom Line

Investors will look closely at the upcoming earnings release on October 28, 2026, to gauge traffic volumes and profit margins. Future Form 13F filings will show whether Sustainable Growth Advisers continues to trim its position or stabilizes its holdings in the railroad. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.