Canadian Natural Resources
CNQ
503 hedge funds and large institutions have $45.2B invested in Canadian Natural Resources in 2022 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 155 increasing their positions, 188 reducing their positions, and 38 closing their positions.
145% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 38
27% more funds holding in top 10
Funds holding in top 10: 33 → 42 (+9)
26% more capital invested
Capital invested by funds: $35.9B → $45.2B (+$9.31B)
11% more funds holding
Funds holding: 455 → 503 (+48)
3.36% more ownership
Funds ownership: 138% → 141.36% (+3.4%)
18% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 188
19% less call options, than puts
Call options by funds: $1.26B | Put options by funds: $1.57B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$958M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$685M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$644M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$617M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$280M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$552M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$434M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$302M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$247M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$231M |
CNQ Hedge Fund Activity: Q4 2022 in Review
503 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2022, worth a combined $45.2B — up 26% from $35.9B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new CNQ positions and 38 closed out — a net gain of 55 holders — while 155 added to existing stakes and 188 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $958M. The largest seller was Arrowstreet Capital, cutting an estimated $552M.
- 503 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2022, up from 455 in Q3 2022.
- Funds reported $45.2B of Canadian Natural Resources stock for Q4 2022, up 26% quarter-over-quarter.
- 93 funds opened new Canadian Natural Resources positions in Q4 2022 and 38 closed out, a net change of +55 holders.
- The largest Canadian Natural Resources buyer in Q4 2022 was Goldman Sachs, an estimated $958M added.
- The largest Canadian Natural Resources seller in Q4 2022 was Arrowstreet Capital, an estimated $552M sold.
Based on aggregated 13F filings for Q4 2022.