Pictet North America Advisors SA Reduces Stake in Canadian Pacific Kansas City

Investment firm cuts holdings in transportation company by over 86% in Q4 2025

Apr. 2, 2026 at 10:44am

Pictet North America Advisors SA significantly reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) in the fourth quarter of 2025, selling 252,965 shares and retaining only 39,625 shares worth $2.92 million, according to a recent SEC filing.

Why it matters

The large reduction in Pictet North America's position in Canadian Pacific Kansas City, one of North America's largest freight rail operators, could signal a shift in investor sentiment or portfolio strategy for the investment firm.

The details

Pictet North America Advisors SA cut its holdings in Canadian Pacific Kansas City Limited by 86.5% in the fourth quarter of 2025, according to the company's most recent SEC filing. The firm previously owned 292,590 shares of the transportation company's stock but sold 252,965 shares, leaving it with a position of 39,625 shares worth $2.92 million.

  • Pictet North America Advisors SA filed the SEC report in the fourth quarter of 2025.
  • The firm previously owned 292,590 shares of Canadian Pacific Kansas City as of an undisclosed earlier date.

The players

Pictet North America Advisors SA

An investment management firm that significantly reduced its stake in Canadian Pacific Kansas City Limited.

Canadian Pacific Kansas City Limited

A North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern.

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The takeaway

The large reduction in Pictet North America's position in Canadian Pacific Kansas City could signal a shift in the investment firm's outlook on the transportation company or broader industry trends, though the specific reasons behind the portfolio change are not clear from the limited information provided.