CANADIAN PACIFIC KANSAS CITY LTD/CN
boothcheck covers CANADIAN PACIFIC KANSAS CITY LTD/CN (CP) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• The network is the asset: Kansas City Southern was bought with the stated objective of ⟦"creating the only single-line railroad linking the U.S., Mexico and Canada"⟧, and that three-country reach is the one thing a rival cannot simply spend money to replicate. • The largest threat is a deal CPKC is not part of: UNP has agreed to combine with Norfolk Southern into what its own annual report calls ⟦"America's first transcontinental railroad that spans over 50,000 miles across 43 states"⟧, subjec
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927 institutional managers reported holding CP in 13F filings for the quarter ended 2026-03-31. Together they hold about 65% of the company; the top 10 hold 30%. 80 opened new positions that quarter. Held by TCI Fund Management, Vanguard Group, Invesco, among others. On the short side, 15.7M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (6.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CP's share count grew 34.5% over the past five years even with $3.40B spent on repurchases. It pays a dividend, and has paid one every year in our records (11 and counting); the current rate is $0.64 a share annually. Cash returned over the past three years: $1.52B in dividends and $3.40B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CP over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | -1.1% | -10.4% |
| 2023-10-27 | -0.3% | +13.7% |
| 2024-02-28 | -0.4% | -8.7% |
| 2024-04-25 | -6.4% | -3.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CP's latest 8-K filings: 2026-07-30 (items 8.01, 9.01); 2026-07-29 (items 5.02, 7.01, 9.01); 2026-07-29 (items 2.02, 9.01); 2026-07-08 (items 1.01, 9.01); 2026-04-30 (items 5.07, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.