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Canadian Natural Resources
CNQ

626 hedge funds and large institutions have $45.2B invested in Canadian Natural Resources in 2024 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 229 increasing their positions, 232 reducing their positions, and 65 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 65

1% more funds holding

Funds holding: 621 → 626 (+5)

1% less repeat investments, than reductions

Existing positions increased: 229 | Existing positions reduced: 232

1.9% less ownership

Funds ownership: 71.17% → 69.27% (-1.9%)

10% less capital invested

Capital invested by funds: $50.3B → $45.2B (-$5.07B)

23% less call options, than puts

Call options by funds: $453M | Put options by funds: $589M

24% less funds holding in top 10

Funds holding in top 10: 34 → 26 (-8)

Holders
626
Holders Change
+5
Holders Change %
+0.81%
% of All Funds
8.25%
Holding in Top 10
26
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-23.53%
% of All Funds
0.34%
New
76
Increased
229
Reduced
232
Closed
65
Calls
$453M
Puts
$589M
Net Calls
-$136M
Net Calls Change
-$36M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$248M
2
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$201M
3
Goldman Sachs
Goldman Sachs
New York
+$134M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$121M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$109M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$558M
2
Capital World Investors
Capital World Investors
California
-$423M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$337M
4
Fidelity International
Fidelity International
Bermuda
-$243M
5
Morgan Stanley
Morgan Stanley
New York
-$214M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
301
Aigen Investment Management
New York
$1.25M -$464K -13,778 -25%
NIM
302
Nexus Investment Management
Ontario, Canada
$1.25M – – –
MG
303
Marex Group
$1.23M +$1.35M +40,000 New
Credit Agricole
304
Credit Agricole
France
$1.23M +$3.37K +100 +0.3%
CI
305
Cigna Investments
Connecticut
$1.21M -$15.7K -465 -1%
MCM
306
Mainstay Capital Management
Michigan
$1.21M +$19.8K +587 +2%
EGM
307
Engineers Gate Manager
New York
$1.18M -$1.42M -42,271 -53%
SIC
308
Salem Investment Counselors
North Carolina
$1.17M – – –
FM
309
Foster & Motley
Ohio
$1.16M -$60.2K -1,786 -5%
EMCIP
310
Ewing Morris & Co Investment Partners
Ontario, Canada
$1.16M +$879K +26,088 New
WC
311
Wexford Capital
Florida
$1.15M -$8.66M -257,110 -87%
VT
312
Vise Technologies
New York
$1.13M +$591K +17,542 +92%
JSC
313
Jackson Square Capital
California
$1.11M -$8.12K -241 -0.7%
CAPTRUST Financial Advisors
314
CAPTRUST Financial Advisors
North Carolina
$1.1M -$91.1K -2,704 -7%
CANY
315
Caxton Associates (New York)
New York
$1.09M -$7.83M -232,454 -87%
VM
316
VPR Management
Texas
$1.08M – – –
P
317
Pitcairn
Pennsylvania
$1.07M -$54.3K -1,613 -4%
SEI Investments
318
SEI Investments
Pennsylvania
$1.07M +$78.9K +2,341 +7%
Wealth Enhancement Advisory Services
319
Wealth Enhancement Advisory Services
Minnesota
$1.05M +$763K +22,637 +198%
CCG
320
Cloverfields Capital Group
Minnesota
$1.04M -$1.24M -36,769 -52%
NSEDCP
321
NJ State Employees Deferred Compensation Plan
New Jersey
$1.02M – – –
Luther King Capital Management (LKCM)
322
Luther King Capital Management (LKCM)
Texas
$988K +$11K +326 +1%
WI
323
Wahed Invest
New York
$985K +$119K +3,542 +12%
KPPF
324
Klein Pavlis & Peasley Financial
California
$983K +$20.4K +605 +2%
OC
325
Oppenheimer & Co
New York
$977K +$1.07M +31,656 New
11 12
13
14 15

CNQ Hedge Fund Activity: Q4 2024 in Review

626 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2024, worth a combined $45.2B — down 10% from $50.3B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new CNQ positions and 65 closed out — a net gain of 11 holders — while 229 added to existing stakes and 232 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $248M. The largest seller was Bank of America, cutting an estimated $558M.

  • 626 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2024, up from 621 in Q3 2024.
  • Funds reported $45.2B of Canadian Natural Resources stock for Q4 2024, down 10% quarter-over-quarter.
  • 76 funds opened new Canadian Natural Resources positions in Q4 2024 and 65 closed out, a net change of +11 holders.
  • The largest Canadian Natural Resources buyer in Q4 2024 was Fidelity Investments, an estimated $248M added.
  • The largest Canadian Natural Resources seller in Q4 2024 was Bank of America, an estimated $558M sold.

Based on aggregated 13F filings for Q4 2024.