Canadian Pacific Kansas City sees major institutional stake shifts in Q1

Beaconlight Capital LLC purchased a new position of 20,314 shares of Canadian Pacific Kansas City (CP) in the first quarter, valued at about $1.6 million and representing roughly 0.8 % of its holdings. The firm now lists CP as its 27th largest holding. Other investors also increased their stakes, including Modern Wealth Management LLC, Cromwell Holdings LLC, Essex Financial Services Inc., Dorsey & Whitney Trust Co. LLC and Fortune Financial Advisors LLC, each adding a few thousand shares worth between $0.3 million and $1 million.

Conversely, Cumberland Partners Ltd reduced its CP holdings by 76.3 % during the same period, selling 181,746 shares and retaining 56,572 shares valued at about $4.44 million. New positions were taken by Prosperity Bancshares Inc., Gilpin Wealth Management LLC, McMillan Office Inc., Acadian Asset Management LLC and Wealth Watch Advisors Inc., each investing between $26,000 and $36,000.

CP opened the quarter at $92.40 per share, with a 52‑week range of $68.42‑$93.95 and a market capitalization of $81.78 billion. The company reported Q1 earnings of $0.76 per share, missing analysts’ expectations by $0.02, on revenue of $2.66 billion, down 2.5 % year‑over‑year.