USS Investment 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
2026 Q1	$12.8M	Hold	263,477	–	–	0.05%	197
2025 Q4	$8.92M	Hold	263,477	–	–	0.04%	239
2025 Q3	$8.43M	Hold	263,477	–	–	0.04%	257
2025 Q2	$8.29M	Buy	263,477 +49,099	+23%	+$1.49M	0.05%	246
2025 Q1	$6.6M	Hold	214,378	–	–	0.05%	269
2024 Q4	$6.61M	Buy	+214,378	New	+$7.22M	0.05%	313
2022 Q3	–	Sell	-177,777	Closed	-$4.67M	–	615
2022 Q2	$4.67M	Sell	177,777 -37,507	-17%	-$1.14M	0.05%	391
2022 Q1	$6.53M	Sell	215,284 -317,343	-60%	-$8.46M	0.05%	369
2021 Q4	$11M	Hold	532,627	–	–	0.08%	242
2021 Q3	$9.53M	Buy	532,627 +316,984	+147%	+$5.22M	0.08%	258
2021 Q2	$3.83M	Hold	215,643	–	–	0.03%	309
2021 Q1	$3.27M	Hold	215,643	–	–	0.03%	314
2020 Q4	$2.54M	Sell	215,643 -43,087	-17%	-$433K	0.02%	338
2020 Q3	$2.03M	Hold	258,730	–	–	0.02%	367
2020 Q2	$2.21M	Buy	258,730 +109,460	+73%	+$884K	0.02%	335
2020 Q1	$994K	Hold	149,270	–	–	0.01%	256
2019 Q4	$2.36M	Buy	+149,270	New	+$2.03M	0.02%	145