Canadian Natural Resources
621 hedge funds and large institutions have $50.3B invested in Canadian Natural Resources in 2024 Q3 according to their latest regulatory filings, with 77 funds opening new positions, 272 increasing their positions, 182 reducing their positions, and 63 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 272 | Existing positions reduced: 182
22% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 63
1% more funds holding
Funds holding: 614 → 621 (+7)
1.68% less ownership
Funds ownership: 72.85% → 71.17% (-1.7%)
9% less capital invested
Capital invested by funds: $55.5B → $50.3B (-$5.22B)
11% less funds holding in top 10
Funds holding in top 10: 38 → 34 (-4)
24% less call options, than puts
Call options by funds: $318M | Put options by funds: $418M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$697M |
| 2 |
Morgan Stanley
New York
|
+$150M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$115M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$111M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$694M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$489M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$407M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$343M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$318M |
CNQ Hedge Fund Activity: Q3 2024 in Review
621 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2024, worth a combined $50.3B — down 9.4% from $55.5B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CNQ positions and 63 closed out — a net gain of 14 holders — while 272 added to existing stakes and 182 trimmed.
The largest buyer was Bank of America, adding an estimated $697M. The largest seller was GQG Partners, exiting entirely with an estimated $694M sold.
- 621 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2024, up from 614 in Q2 2024.
- Funds reported $50.3B of Canadian Natural Resources stock for Q3 2024, down 9.4% quarter-over-quarter.
- 77 funds opened new Canadian Natural Resources positions in Q3 2024 and 63 closed out, a net change of +14 holders.
- The largest Canadian Natural Resources buyer in Q3 2024 was Bank of America, an estimated $697M added.
- The largest Canadian Natural Resources seller in Q3 2024 was GQG Partners, an estimated $694M sold.
Based on aggregated 13F filings for Q3 2024.