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Galibier Capital Management’s Canadian Natural Resources CNQ Stock Holding History

Galibier Capital Management’s Portfolio CNQ Stock Details CNQ Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		$20.3M Sell
633,545
-43,868
-6% -$1.37M 6.75% 4
2025
Q2 		$21.2M Sell
677,413
-18,880
-3% -$572K 6.38% 5
2025
Q1 		$21.4M Sell
696,293
-99,039
-12% -$3M 6.68% 6
2024
Q4 		$24.5M Buy
795,332
+17,370
+2% +$585K 7.01% 4
2024
Q3 		$25.9M Buy
777,962
+146,676
+23% +$5.11M 5.84% 11
2024
Q2 		$22.5M Sell
631,286
-133,370
-17% -$5.02M 5.59% 11
2024
Q1 		$29.2M Sell
764,656
-138,192
-15% -$4.62M 6.99% 5
2023
Q4 		$29.7M Sell
902,848
-71,400
-7% -$2.31M 7.71% 5
2023
Q3 		$31.6M Buy
974,248
+42,170
+5% +$1.29M 7.04% 4
2023
Q2 		$26.2M Buy
932,078
+99,228
+12% +$2.83M 6.02% 12
2023
Q1 		$23M Sell
832,850
-10,796
-1% -$306K 5.45% 12
2022
Q4 		$23.4M Buy
843,646
+129,660
+18% +$3.71M 4.75% 13
2022
Q3 		$16.7M Buy
+713,986
New +$18.5M 3.37% 14
2020
Q2 		– Sell
-1,298,777
Closed -$8.6M – 40
2020
Q1 		$8.6M Buy
+1,298,777
New +$15.5M 3.75% 12

Other funds holding CNQ

Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Fisher Asset Management
Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return
T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $153B AUM 38.14% 1-Year Est. Return
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $181B AUM 41.77% 1-Year Est. Return
TD Asset Management
TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

Galibier Capital Management's CNQ Position: Q3 2025 in Review

Galibier Capital Management reduced its Canadian Natural Resources (CNQ) stake by 6.5% in Q3 2025, selling an estimated $1.37M and leaving 633,545 shares worth $20.3M. The position accounts for 6.75% of the portfolio, ranked #4.

Galibier Capital Management first reported a position in CNQ in Q1 2020 and has held it in 14 quarters since. The position peaked at $31.6M in Q3 2023. 637 funds tracked by Wall St. Rank hold CNQ as of Q3 2025.

  • Galibier Capital Management held 633,545 shares of Canadian Natural Resources worth $20.3M as of Q3 2025.
  • Galibier Capital Management sold 43,868 Canadian Natural Resources shares in Q3 2025, an estimated $1.37M.
  • Canadian Natural Resources made up 6.75% of Galibier Capital Management's portfolio in Q3 2025, its #4 holding.
  • Galibier Capital Management first reported a position in Canadian Natural Resources in Q1 2020 and has held it in 14 quarters since.
  • Galibier Capital Management's Canadian Natural Resources position peaked at $31.6M in Q3 2023.
  • 637 funds tracked by Wall St. Rank held Canadian Natural Resources as of Q3 2025.

Based on Galibier Capital Management's 13F filing for Q3 2025, filed 21 Oct 2025.