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Canadian Natural Resources
CNQ

622 hedge funds and large institutions have $47.4B invested in Canadian Natural Resources in 2025 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 249 increasing their positions, 205 reducing their positions, and 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 249 | Existing positions reduced: 205

15% more funds holding in top 10

Funds holding in top 10: 26 → 30 (+4)

3.93% more ownership

Funds ownership: 69.27% → 73.2% (+3.9%)

8% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 76

5% more capital invested

Capital invested by funds: $45.2B → $47.4B (+$2.16B)

1% less funds holding

Funds holding: 626 → 622 (-4)

12% less call options, than puts

Call options by funds: $399M | Put options by funds: $453M

Holders
622
Holders Change
-4
Holders Change %
-0.64%
% of All Funds
8.34%
Holding in Top 10
30
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+15.38%
% of All Funds
0.4%
New
82
Increased
249
Reduced
205
Closed
76
Calls
$399M
Puts
$453M
Net Calls
-$53.8M
Net Calls Change
+$82.2M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.33B
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$512M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$500M
4
Goldman Sachs
Goldman Sachs
New York
+$476M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$341M

Top Sellers

1
Capital World Investors
Capital World Investors
California
-$1.74B
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$781M
3
Fidelity International
Fidelity International
Bermuda
-$572M
4
Ameriprise
Ameriprise
Minnesota
-$198M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$155M
Name Holding Trade Value Shares
Change 		Change in
Stake
NS
576
NBC Securities
Alabama
$7K +$7.76K +256 New
GWSG
577
GPS Wealth Strategies Group
Colorado
$6.9K +$6.79K +224 New
AA
578
Addison Advisors
Vermont
$6.75K -$849 -28 -11%
BCMLT
579
Beacon Capital Management LLC (Tennessee)
Tennessee
$6.22K +$61 +2 +1%
FDW
580
Fourth Dimension Wealth
Ohio
$6.16K – – –
DF
581
Dunhill Financial
United Kingdom
$6.16K +$6.06K +200 New
WWM
582
Wolff Wiese Magana
California
$5.48K +$5.4K +178 New
NFSG
583
Newbridge Financial Services Group
Florida
$5.29K -$28.9K -952 -85%
RBC
584
Roble Belko & Company
Pennsylvania
$5K – – –
AEPWM
585
Atlantic Edge Private Wealth Management
Florida
$4.93K – – –
IHWM
586
Iron Horse Wealth Management
Iowa
$4.62K – – –
OP
587
ORG Partners
Indiana
$4.01K +$849 +28 +28%
MBFW
588
Morton Brown Family Wealth
Pennsylvania
$3.94K +$2.37K +78 +156%
MFS
589
Mattson Financial Services
Michigan
$3.63K -$39.6K -1,306 -92%
TWD
590
True Wealth Design
Ohio
$3.36K -$546 -18 -14%
CCM
591
Copeland Capital Management
Pennsylvania
$3.14K – – –
OW
592
Olistico Wealth
Oklahoma
$2.96K +$2.91K +96 New
HWP
593
Highline Wealth Partners
California
$2.86K +$1.27K +42 +82%
FPF
594
First Pacific Financial
Washington
$2.74K +$2.7K +89 New
NEWAS
595
N.E.W. Advisory Services
Wisconsin
$2.71K +$2.67K +88 New
CFO
596
CVA Family Office
Colorado
$2.56K – – –
PCM
597
Penserra Capital Management
California
$2K – – –
PWA
598
Provenance Wealth Advisors
Florida
$1.91K – – –
FCAS
599
First Command Advisory Services
Texas
$1.85K +$1.82K +60 New
DWM
600
Darwin Wealth Management
Florida
$1.73K – – –
22 23
24
25 26

CNQ Hedge Fund Activity: Q1 2025 in Review

622 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q1 2025, worth a combined $47.4B — up 4.8% from $45.2B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new CNQ positions and 76 closed out — a net gain of 6 holders — while 249 added to existing stakes and 205 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.33B. The largest seller was Capital World Investors, cutting an estimated $1.74B.

  • 622 institutional investors held Canadian Natural Resources (CNQ) as of Q1 2025, down from 626 in Q4 2024.
  • Funds reported $47.4B of Canadian Natural Resources stock for Q1 2025, up 4.8% quarter-over-quarter.
  • 82 funds opened new Canadian Natural Resources positions in Q1 2025 and 76 closed out, a net change of +6 holders.
  • The largest Canadian Natural Resources buyer in Q1 2025 was Royal Bank of Canada, an estimated $1.33B added.
  • The largest Canadian Natural Resources seller in Q1 2025 was Capital World Investors, an estimated $1.74B sold.

Based on aggregated 13F filings for Q1 2025.