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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
CAM
651
CenterStar Asset Management
Illinois
– -$587K -17,679 Closed
TPCW
652
TD Private Client Wealth
New York
– -$555K -16,708 Closed
MA
653
Mutual Advisors
Nebraska
– -$578K -16,474 Closed
DA
654
Denali Advisors
California
– -$497K -14,971 Closed
RC
655
Roundview Capital
New Jersey
– -$490K -14,748 Closed
TSS
656
Two Sigma Securities
New York
– -$450K -13,546 Closed
KPF
657
K2 Principal Fund
Ontario, Canada
– -$408K -12,300 Closed
PWPS
658
Pinnacle Wealth Planning Services
Ohio
– -$392K -11,798 Closed
NWAG
659
Net Worth Advisory Group
Utah
– -$337K -10,159 Closed
FRM
660
Fox Run Management
Connecticut
– -$323K -9,720 Closed
M
661
Murchinson
Ontario, Canada
– -$262K -7,899 Closed
SCP
662
Sivia Capital Partners
California
– -$237K -7,131 Closed
William Blair & Company
663
William Blair & Company
Illinois
– -$227K -6,846 Closed
KLCM
664
KG&L Capital Management
Louisiana
– -$225K -6,775 Closed
HSA
665
HBK Sorce Advisory
Pennsylvania
– -$219K -6,593 Closed
AGP
666
Autumn Glory Partners
Texas
– -$226K -6,420 Closed
Brown Advisory
667
Brown Advisory
Maryland
– -$207K -6,232 Closed
GT
668
Greenleaf Trust
Michigan
– -$207K -6,226 Closed
AO
669
Advisor OS
Illinois
– -$205K -6,183 Closed
AA
670
Alta Advisers
United Kingdom
– -$200K -6,016 Closed
HGA
671
Hobbs Group Advisors
South Carolina
– -$57.8K -1,741 Closed
SFCL
672
Strengthening Families & Communities LLC
Massachusetts
– -$42K -1,266 Closed
NS
673
NBC Securities
Alabama
– -$14K -436 Closed
APC
674
Aspire Private Capital
North Carolina
– -$13.7K -412 Closed
BWP
675
Baldwin Wealth Partners
Massachusetts
– -$12.4K -372 Closed
24 25 26
27
28

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.