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Canadian Natural Resources
CNQ

614 hedge funds and large institutions have $55.5B invested in Canadian Natural Resources in 2024 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 232 increasing their positions, 221 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 52

2% more funds holding

Funds holding: 602 → 614 (+12)

5% more repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 221

10% less capital invested

Capital invested by funds: $61.7B → $55.5B (-$6.18B)

21% less funds holding in top 10

Funds holding in top 10: 48 → 38 (-10)

24% less call options, than puts

Call options by funds: $341M | Put options by funds: $451M

77.76% less ownership

Funds ownership: 150.61% → 72.85% (-78%)

Holders
614
Holders Change
+12
Holders Change %
+1.99%
% of All Funds
8.87%
Holding in Top 10
38
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-20.83%
% of All Funds
0.55%
New
74
Increased
232
Reduced
221
Closed
52
Calls
$341M
Puts
$451M
Net Calls
-$110M
Net Calls Change
+$53.2M

Top Buyers

1
Fisher Asset Management
Fisher Asset Management
Washington
+$1.58B
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$262M
3
Charles Schwab
Charles Schwab
California
+$202M
4
Fidelity International
Fidelity International
Bermuda
+$176M
5
BCIM
British Columbia Investment Management
British Columbia, Canada
+$144M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$1.73B
2
Goldman Sachs
Goldman Sachs
New York
-$574M
3
Capital International Investors
Capital International Investors
California
-$544M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$520M
5
Bank of America
Bank of America
North Carolina
-$365M
Name Holding Trade Value Shares
Change 		Change in
Stake
ONB
376
Old National Bancorp
Indiana
$582K -$43.9K -1,166 -7%
HC
377
Hara Capital
Washington
$578K – – –
TVWM
378
Tower View Wealth Management
Wisconsin
$571K -$7.75K -206 -1%
AWM
379
Avior Wealth Management
Nebraska
$570K +$222K +5,899 +58%
SCM
380
Shelton Capital Management
Colorado
$570K -$37.6K -1,000 -6%
MCM
381
McKinley Capital Management
Alaska
$569K -$18.2K -483 -3%
CCA
382
Checchi Capital Advisers
California
$568K – – –
GAM
383
Groupama Asset Management
France
$558K -$1.33M -35,260 -53%
TPCW
384
TD Private Client Wealth
New York
$556K -$35.9K -955 -6%
SMH
385
Sanders Morris Harris
Texas
$555K – – –
Verition Fund Management
386
Verition Fund Management
Connecticut
$551K +$45.2K +1,202 +8%
OR
387
Olympiad Research
Connecticut
$546K +$130K +3,460 +29%
DADC
388
D.A. Davidson & Co
Montana
$531K +$151 +4 +0%
GIA
389
Gateway Investment Advisers
Ohio
$529K +$38 +1 +0%
IMC Chicago
390
IMC Chicago
Illinois
$523K +$553K +14,694 New
CWM
391
Cadence Wealth Management
Massachusetts
$521K +$44.3K +1,178 +9%
BCI
392
Brinker Capital Investments
Pennsylvania
$518K +$34.2K +909 +7%
OPS
393
Orion Portfolio Solutions
Nebraska
$518K +$34.2K +909 +7%
PTC
394
Philadelphia Trust Company
Pennsylvania
$496K +$7.6K +202 +1%
NFG
395
Nations Financial Group
Iowa
$495K +$4.59K +122 +0.9%
MCM
396
MAI Capital Management
Ohio
$493K -$21.7K -576 -4%
GIBU
397
Gulf International Bank (UK)
United Kingdom
$491K -$288K -7,652 -36%
HSA
398
HBK Sorce Advisory
Pennsylvania
$477K -$753 -20 -0.1%
Mercer Global Advisors
399
Mercer Global Advisors
Colorado
$471K +$62.8K +1,668 +14%
QCG
400
Quadrant Capital Group
Ohio
$468K +$1.96K +52 +0.4%
14 15
16
17 18

CNQ Hedge Fund Activity: Q2 2024 in Review

614 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q2 2024, worth a combined $55.5B — down 10% from $61.7B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new CNQ positions and 52 closed out — a net gain of 22 holders — while 232 added to existing stakes and 221 trimmed.

The largest buyer was Fisher Asset Management, adding an estimated $1.58B. The largest seller was Capital Research Global Investors, cutting an estimated $1.73B.

  • 614 institutional investors held Canadian Natural Resources (CNQ) as of Q2 2024, up from 602 in Q1 2024.
  • Funds reported $55.5B of Canadian Natural Resources stock for Q2 2024, down 10% quarter-over-quarter.
  • 74 funds opened new Canadian Natural Resources positions in Q2 2024 and 52 closed out, a net change of +22 holders.
  • The largest Canadian Natural Resources buyer in Q2 2024 was Fisher Asset Management, an estimated $1.58B added.
  • The largest Canadian Natural Resources seller in Q2 2024 was Capital Research Global Investors, an estimated $1.73B sold.

Based on aggregated 13F filings for Q2 2024.