We are live on ! Find out more
CNQ icon

Canadian Natural Resources
CNQ

635 hedge funds and large institutions have $46.9B invested in Canadian Natural Resources in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 235 increasing their positions, 205 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 63

15% more repeat investments, than reductions

Existing positions increased: 235 | Existing positions reduced: 205

3% more funds holding

Funds holding: 619 → 635 (+16)

0% more capital invested

Capital invested by funds: $46.7B → $46.9B (+$165M)

0.81% less ownership

Funds ownership: 71% → 70.19% (-0.81%)

5% less funds holding in top 10

Funds holding in top 10: 21 → 20 (-1)

20% less call options, than puts

Call options by funds: $632M | Put options by funds: $787M

Holders
635
Holders Change
+16
Holders Change %
+2.58%
% of All Funds
8.33%
Holding in Top 10
20
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.76%
% of All Funds
0.26%
New
85
Increased
235
Reduced
205
Closed
63
Calls
$632M
Puts
$787M
Net Calls
-$155M
Net Calls Change
-$20.5M

Top Buyers

Rank Fund Capital Flow
1
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$608M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$548M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$390M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$110M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$105M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$389M
2
Goldman Sachs
Goldman Sachs
New York
-$329M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$237M
4
CIBC World Market
CIBC World Market
Ontario, Canada
-$233M
5
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$225M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
426
PDS Planning
Ohio
$364K +$18K +576 +5%
MNBTD
427
Moody National Bank Trust Division
Texas
$360K +$6.14K +196 +2%
GSWM
428
Golden State Wealth Management
California
$359K – – –
JSC
429
Jackson Square Capital
California
$348K – – –
SWM
430
Spire Wealth Management
Virginia
$343K +$35.6K +1,136 +12%
SWP
431
Stratos Wealth Partners
Ohio
$335K -$15.2K -486 -4%
MM
432
MQS Management
New York
$325K +$319K +10,174 New
KOCAA
433
Knights of Columbus Asset Advisors
Connecticut
$325K +$7.58K +242 +2%
FA
434
FDx Advisors
Illinois
$322K -$21.2K -676 -6%
CI
435
Corient IA
Florida
$320K -$310K -9,900 -50%
VCP
436
Verus Capital Partners
Arizona
$318K -$4.7K -150 -1%
Wolverine Trading
437
Wolverine Trading
Illinois
$318K -$1.23M -39,244 -80%
TC
438
TwinBeech Capital
New York
$317K +$310K +9,913 New
LWCFA
439
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$312K +$313K +10,000 New
CCM
440
Coldstream Capital Management
Washington
$311K +$5.61K +179 +2%
CIS
441
Custom Index Systems
New York
$311K – – –
Carson Wealth (CWM LLC)
442
Carson Wealth (CWM LLC)
Nebraska
$311K -$6.86K -219 -2%
MWM
443
Mission Wealth Management
California
$311K -$1.1K -35 -0.4%
UIM
444
Unified Investment Management
Georgia
$309K +$303K +9,673 New
PWPS
445
Pinnacle Wealth Planning Services
Ohio
$309K +$61.7K +1,971 +26%
AF
446
Advisornet Financial
Minnesota
$307K +$32.7K +1,045 +12%
RA
447
Ruggaard & Associates
Ohio
$304K – – –
IF
448
Intrua Financial
Texas
$303K +$45.6K +1,457 +18%
CS
449
Candriam SCA
Luxembourg
$302K -$11.4K -364 -4%
Federated Hermes
450
Federated Hermes
Pennsylvania
$301K +$157K +5,019 +114%
16 17
18
19 20

CNQ Hedge Fund Activity: Q3 2025 in Review

635 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2025, worth a combined $46.9B — up 0.35% from $46.7B a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new CNQ positions and 63 closed out — a net gain of 22 holders — while 235 added to existing stakes and 205 trimmed.

The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, adding an estimated $608M. The largest seller was Bank of Montreal, cutting an estimated $389M.

  • 635 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2025, up from 619 in Q2 2025.
  • Funds reported $46.9B of Canadian Natural Resources stock for Q3 2025, up 0.35% quarter-over-quarter.
  • 85 funds opened new Canadian Natural Resources positions in Q3 2025 and 63 closed out, a net change of +22 holders.
  • The largest Canadian Natural Resources buyer in Q3 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $608M added.
  • The largest Canadian Natural Resources seller in Q3 2025 was Bank of Montreal, an estimated $389M sold.

Based on aggregated 13F filings for Q3 2025.