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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
LG
351
Leuthold Group
Minnesota
$771K -$20.7K -615 -2%
VanEck Associates
352
VanEck Associates
New York
$754K -$2.85M -84,586 -78%
BFG
353
Bleakley Financial Group
New Jersey
$748K +$49K +1,454 +6%
FI
354
Finivi Inc
Massachusetts
$728K +$366K +10,854 +85%
BCM
355
BluePath Capital Management
Georgia
$721K +$149K +4,436 +24%
COI
356
Connable Office Inc
Michigan
$715K -$24.8K -736 -3%
SPIA
357
Steward Partners Investment Advisory
New York
$700K -$73.4K -2,180 -9%
VA
358
Vident Advisory
Georgia
$681K +$111K +3,303 +18%
NRD
359
Nebula Research & Development
New York
$668K -$326K -9,672 -31%
AI
360
Atria Investments
North Carolina
$667K -$177K -5,267 -20%
AWM
361
Avior Wealth Management
Nebraska
$666K -$14.2K -421 -2%
CL
362
Choreo LLC
Illinois
$661K +$22.8K +678 +3%
GI
363
Gradient Investments
Minnesota
$648K -$47.3K -1,403 -6%
RG
364
Rathbones Group
United Kingdom
$647K – – –
Mitsubishi UFJ Trust & Banking
365
Mitsubishi UFJ Trust & Banking
Japan
$643K +$701K +20,800 New
TBC
366
Ted Buchan & Co
California
$619K -$14.4K -427 -2%
SFO
367
Stokes Family Office
Louisiana
$619K +$20.6K +610 +3%
CAM
368
Cresset Asset Management
Illinois
$615K -$564K -16,738 -46%
ECM
369
Evergreen Capital Management
Washington
$595K +$9.94K +295 +2%
Baird Financial Group
370
Baird Financial Group
Wisconsin
$593K +$2.73K +81 +0.4%
Capital International Investors
371
Capital International Investors
California
$589K -$116M -3,430,787 -99%
SFS
372
Sharp Financial Services
Pennsylvania
$588K -$272K -8,060 -30%
N
373
Numerai
California
$584K +$638K +18,934 New
CW
374
Code Waechter
Florida
$572K +$23.2K +688 +4%
ATC
375
Argent Trust Co
Tennessee
$571K +$1.92K +57 +0.3%
13 14
15
16 17

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.