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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
DJSG
576
D.J. St. Germain
Massachusetts
$13.9K +$7.68K +228 +103%
KIM
577
Kestra Investment Management
Texas
$13.6K +$14.9K +441 New
PB
578
Pinnacle Bancorp
Nebraska
$13.5K – – –
HPC
579
HM Payson & Co
Maine
$13.3K – – –
FMP
580
Financial Management Professionals
Texas
$12.7K +$5.05K +150 +58%
ATC
581
Adirondack Trust Company
New York
$12.7K – – –
KSB
582
Kennebec Savings Bank
Maine
$12.6K – – –
SSG
583
Summit Securities Group
New York
$12.3K -$20.2K -600 -60%
WWP
584
WR Wealth Planners
Missouri
$12.3K – – –
HWA
585
Heritage Wealth Advisors
Virginia
$12.3K +$13.5K +400 New
HC
586
Hoese & Co
Minnesota
$12.3K – – –
IMC
587
Investment Management Corporation
Virginia
$11.9K +$13K +386 New
SC
588
Stephens Consulting
Michigan
$11.9K +$13K +386 New
BC
589
Bayforest Capital
United Kingdom
$11.8K +$12.8K +381 New
VCM
590
Versant Capital Management
Arizona
$11.4K +$67 +2 +0.5%
KFI
591
Key Financial Inc
Pennsylvania
$11.4K – – –
KB
592
Kimelman & Baird
New York
$10.8K – – –
RFG
593
REAP Financial Group
Texas
$8.29K -$9.2K -273 -50%
AA
594
Addison Advisors
Vermont
$7.63K -$6.03K -179 -42%
BCMLT
595
Beacon Capital Management LLC (Tennessee)
Tennessee
$6.17K -$2.56K -76 -28%
FDW
596
Fourth Dimension Wealth
Ohio
$6.17K +$6.74K +200 New
NWWA
597
New Wave Wealth Advisors
Arkansas
$6.17K +$6.74K +200 New
CFGS
598
Concourse Financial Group Securities
Alabama
$5.99K -$101K -3,010 -94%
RBC
599
Roble Belko & Company
Pennsylvania
$5K – – –
SAM
600
Smartleaf Asset Management
Massachusetts
$4.99K -$15.1K -447 -73%
22 23
24
25 26

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.