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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
OIA
326
OneDigital Investment Advisors
Kansas
$970K +$366K +10,860 +53%
SG
327
Sienna Gestion
France
$963K – – –
JIC
328
Joel Isaacson & Co
New York
$946K – – –
Envestnet Portfolio Solutions
329
Envestnet Portfolio Solutions
Illinois
$937K -$21.7K -644 -2%
SC
330
Syon Capital
California
$931K +$70.3K +2,088 +7%
WW
331
Waterfront Wealth
Kansas
$930K +$17.5K +520 +2%
MIG
332
Mariner Investment Group
New York
$926K +$1.01M +30,000 New
TI
333
Tidal Investments
Wisconsin
$926K +$106K +3,153 +12%
AFM
334
Anson Funds Management
Texas
$926K -$2.36M -70,000 -70%
SIA
335
Schechter Investment Advisors
Michigan
$911K -$1.65K -49 -0.2%
CM
336
CoreCommodity Management
Connecticut
$910K +$5.16K +153 +0.5%
RIL
337
Rothschild Investment LLC
Illinois
$889K – – –
ACM
338
Arosa Capital Management
Florida
$864K -$943K -28,000 -50%
LNWWM
339
Laird Norton Wetherby Wealth Management
California
$861K -$71.5K -2,121 -7%
CWM
340
Calamos Wealth Management
Illinois
$850K -$54.8K -1,626 -6%
LIP
341
Lighthouse Investment Partners
Florida
$848K +$926K +27,474 New
DWM
342
Dynasty Wealth Management
Florida
$844K -$50.8K -1,507 -5%
YCM
343
Yousif Capital Management
Michigan
$835K +$328K +9,745 +56%
SP
344
Sequent Planning
Nebraska
$834K -$13.6K -403 -1%
SI
345
SCP Investment
California
$827K +$337K +10,000 +60%
PP
346
Prudential plc
United Kingdom
$819K – – –
CG
347
Caprock Group
Idaho
$804K -$50.2K -1,489 -5%
Walleye Capital
348
Walleye Capital
New York
$784K +$53.8K +1,596 +7%
ECM
349
ExodusPoint Capital Management
New York
$775K +$846K +25,100 New
TYCC
350
Texas Yale Capital Corp
Florida
$772K – – –
12 13
14
15 16

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.