Canadian Natural Resources
563 hedge funds and large institutions have $52.7B invested in Canadian Natural Resources in 2023 Q4 according to their latest regulatory filings, with 91 funds opening new positions, 202 increasing their positions, 182 reducing their positions, and 58 closing their positions.
57% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 58
11% more repeat investments, than reductions
Existing positions increased: 202 | Existing positions reduced: 182
5% more funds holding
Funds holding: 535 → 563 (+28)
0% less capital invested
Capital invested by funds: $52.7B → $52.7B (-$51.1M)
0.94% less ownership
Funds ownership: 149.04% → 148.11% (-0.94%)
14% less funds holding in top 10
Funds holding in top 10: 44 → 38 (-6)
81% less call options, than puts
Call options by funds: $418M | Put options by funds: $2.23B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$768M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$732M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$329M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$323M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$274M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$813M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$494M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$488M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$347M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$323M |
CNQ Hedge Fund Activity: Q4 2023 in Review
563 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2023, worth a combined $52.7B — down 0.1% from $52.7B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new CNQ positions and 58 closed out — a net gain of 33 holders — while 202 added to existing stakes and 182 trimmed.
The largest buyer was Bank of America, adding an estimated $768M. The largest seller was GQG Partners, cutting an estimated $813M.
- 563 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2023, up from 535 in Q3 2023.
- Funds reported $52.7B of Canadian Natural Resources stock for Q4 2023, down 0.1% quarter-over-quarter.
- 91 funds opened new Canadian Natural Resources positions in Q4 2023 and 58 closed out, a net change of +33 holders.
- The largest Canadian Natural Resources buyer in Q4 2023 was Bank of America, an estimated $768M added.
- The largest Canadian Natural Resources seller in Q4 2023 was GQG Partners, an estimated $813M sold.
Based on aggregated 13F filings for Q4 2023.