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Bill Gates Sells $940 Million of CN Rail Stock, Trimming Stake to 9%

  • His investment firm has been trimmng ownership for months
  • Bill & Melinda Gates Foundation also sold shares of CN Rail
Bill Gates 
Bill Gates Photographer: Hollie Adams/Bloomberg

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune. 

Cascade Investment unloaded roughly 12% of its shares in the Montreal-based company from April 27 to May 12, leaving it with a stake of about 9% or $6.8 billion, according to a Securities and Exchange Commission filing.