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Canadian Natural Resources

671 hedge funds and large institutions have $49.6B invested in Canadian Natural Resources in 2025 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 241 increasing their positions, 211 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 68

30% more funds holding in top 10

Funds holding in top 10: 2026 (+6)

14% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 211

6% more funds holding

Funds holding: 634671 (+37)

6% more capital invested

Capital invested by funds: $46.9B → $49.6B (+$2.69B)

0.18% less ownership

Funds ownership: 70.19%70.01% (-0.18%)

23% less call options, than puts

Call options by funds: $600M | Put options by funds: $781M

Holders
671
Holders Change
+37
Holders Change %
+5.84%
% of All Funds
8.17%
Holding in Top 10
26
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+30%
% of All Funds
0.32%
New
117
Increased
241
Reduced
211
Closed
68
Calls
$600M
Puts
$781M
Net Calls
-$181M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$323M -$14.4M -444,640 -4%
SC
27
Scotia Capital
Ontario, Canada
$306M +$22.1M +680,785 +8%
Amundi
28
Amundi
France
$263M +$3.5M +107,978 +1%
Legal & General Group
29
Legal & General Group
United Kingdom
$259M -$26.8M -825,334 -10%
Janus Henderson Group
30
Janus Henderson Group
United Kingdom
$254M -$17.6M -542,891 -7%
Charles Schwab
31
Charles Schwab
California
$237M +$6.56M +202,316 +3%
Bank of America
32
Bank of America
North Carolina
$232M -$75.3M -2,322,997 -25%
TWC
33
TD Waterhouse Canada
Ontario, Canada
$229M +$10.2M +315,460 +5%
T. Rowe Price Associates
34
T. Rowe Price Associates
Maryland
$228M -$13.6M -418,963 -6%
BGC
35
Beutel, Goodman & Co
Ontario, Canada
$218M +$202M +6,242,381 +3,243%
Franklin Resources
36
Franklin Resources
California
$210M -$5.34M -164,790 -3%
Connor, Clark & Lunn Investment Management (CC&L)
37
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$204M -$116M -3,592,818 -37%
Boston Partners
38
Boston Partners
Massachusetts
$193M -$9.61M -296,455 -5%
CF
39
Canoe Financial
Alberta, Canada
$189M -$4.28M -132,088 -2%
Swiss National Bank
40
Swiss National Bank
Switzerland
$188M -$15.8M -486,200 -8%
Invesco
41
Invesco
Georgia
$182M -$10.8M -333,742 -6%
AM
42
AGF Management
Ontario, Canada
$173M +$23.6M +726,974 +18%
PMAM
43
Picton Mahoney Asset Management
Ontario, Canada
$158M -$16.3M -503,457 -10%
Bank of Nova Scotia
44
Bank of Nova Scotia
Ontario, Canada
$148M +$52.6M +1,622,215 +59%
WCM Investment Management
45
WCM Investment Management
California
$142M -$14.6M -449,967 -10%
BAM
46
BCV Asset Management
$137M +$80.8M +2,490,678 New
Goldman Sachs
47
Goldman Sachs
New York
$130M -$501M -15,459,273 -80%
AQR Capital Management
48
AQR Capital Management
Connecticut
$125M +$118M +3,647,636 +11,020%
DekaBank Deutsche Girozentrale
49
DekaBank Deutsche Girozentrale
Germany
$122M
FDCDDQ
50
Federation des caisses Desjardins du Quebec
Quebec, Canada
$117M +$1.7M +52,376 +2%