Meritage Portfolio Management’s Canadian Natural Resources CNQ Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-72,782	Closed	-$2.24M	–	327
2025 Q1	$2.24M	Sell	72,782 -1,970	-3%	-$59.7K	0.15%	155
2024 Q4	$2.31M	Sell	74,752 -5,557	-7%	-$187K	0.14%	158
2024 Q3	$2.67M	Sell	80,309 -3,472	-4%	-$121K	0.16%	158
2024 Q2	$2.98M	Sell	83,781 -2,231	-3%	-$84K	0.19%	145
2024 Q1	$3.28M	Sell	86,012 -4,916	-5%	-$164K	0.21%	141
2023 Q4	$2.98M	Sell	90,928 -83,178	-48%	-$2.69M	0.2%	146
2023 Q3	$5.63M	Sell	174,106 -2,218	-1%	-$67.8K	0.42%	81
2023 Q2	$4.96M	Buy	176,324 +7,176	+4%	+$205K	0.35%	99
2023 Q1	$4.68M	Buy	169,148 +4,112	+2%	+$116K	0.35%	100
2022 Q4	$4.58M	Buy	165,036 +6,402	+4%	+$183K	0.36%	98
2022 Q3	$3.69M	Buy	158,634 +42,663	+37%	+$1.1M	0.31%	101
2022 Q2	$3.05M	Buy	115,971 +2,399	+2%	+$72.9K	0.24%	131
2022 Q1	$3.45M	Buy	113,572 +1,777	+2%	+$47.4K	0.21%	127
2021 Q4	$2.31M	Sell	111,795 -8,097	-7%	-$164K	0.13%	155
2021 Q3	$2.15M	Sell	119,892 -66,089	-36%	-$1.09M	0.13%	165
2021 Q2	$3.3M	Buy	185,981 +40,041	+27%	+$659K	0.2%	140
2021 Q1	$2.21M	Buy	+145,940	New	+$1.97M	0.15%	163
2019 Q3	–	Sell	-343,697	Closed	-$4.54M	–	237
2019 Q2	$4.54M	Buy	343,697 +129,612	+61%	+$1.78M	0.46%	78
2019 Q1	$2.88M	Buy	+214,085	New	+$2.85M	0.29%	131