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Canadian Natural Resources
CNQ

328 hedge funds and large institutions have $21.4B invested in Canadian Natural Resources in 2013 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 121 increasing their positions, 109 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 27

46% more call options, than puts

Call options by funds: $153M | Put options by funds: $105M

15% more capital invested

Capital invested by funds: $18.6B → $21.4B (+$2.71B)

12% more funds holding in top 10

Funds holding in top 10: 25 → 28 (+3)

11% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 109

5% more funds holding

Funds holding: 312 → 328 (+16)

4% more ownership

Funds ownership: 125.2% → 129.2% (+4%)

Holders
328
Holders Change
+16
Holders Change %
+5.13%
% of All Funds
10.64%
Holding in Top 10
28
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+12%
% of All Funds
0.91%
New
47
Increased
121
Reduced
109
Closed
27
Calls
$153M
Puts
$105M
Net Calls
+$48.5M
Net Calls Change
+$24.3M

Top Buyers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$180M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$117M
3
Ameriprise
Ameriprise
Minnesota
+$91.6M
4
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$84.6M
5
VOYA Investment Management
VOYA Investment Management
Georgia
+$76.2M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$116M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$107M
3
JP Morgan Chase
JP Morgan Chase
New York
-$74.6M
4
OTPPB
Ontario Teachers' Pension Plan Board
Ontario, Canada
-$52.4M
5
NIMC
NWQ Investment Management Company
California
-$49.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.6B +$10.2M +677,985 +0.6%
DSA
2
Davis Selected Advisers
Arizona
$1.12B -$24.6M -1,639,362 -2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.04B +$117M +7,771,988 +13%
First Eagle Investment Management
4
First Eagle Investment Management
New York
$851M +$22.2M +1,479,213 +3%
HCM
5
Highfields Capital Management
Massachusetts
$835M – – –
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$821M +$180M +11,958,770 +28%
Invesco
7
Invesco
Georgia
$676M -$17M -1,134,401 -2%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$589M -$2.95M -196,330 -0.5%
JFL
9
Jarislowsky, Fraser Ltd
Quebec, Canada
$545M -$22M -1,462,507 -4%
Capital World Investors
10
Capital World Investors
California
$539M -$8.38M -558,507 -2%
CIBC Asset Management
11
CIBC Asset Management
Ontario, Canada
$526M -$3.72M -247,967 -0.7%
Capital Research Global Investors
12
Capital Research Global Investors
California
$525M -$116M -7,746,705 -18%
BGC
13
Beutel, Goodman & Co
Ontario, Canada
$519M +$13.1M +869,596 +3%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$496M +$1.85M +123,296 +0.4%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$466M -$35.2M -2,345,017 -7%
LBA
16
Letko, Brosseau & Associates
Quebec, Canada
$462M +$15.3M +1,020,277 +3%
OTPPB
17
Ontario Teachers' Pension Plan Board
Ontario, Canada
$445M -$52.4M -3,492,388 -11%
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$435M +$12.1M +808,001 +3%
NIMC
19
NWQ Investment Management Company
California
$367M -$49.4M -3,291,738 -12%
IGIM
20
I.G. Investment Management
Manitoba, Canada
$355M -$5.59M -372,567 -2%
Canada Life
21
Canada Life
Manitoba, Canada
$326M +$45.4M +3,024,272 +16%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$294M +$38M +2,530,291 +15%
Norges Bank
23
Norges Bank
Norway
$293M -$11.6M -774,596 -4%
Caisse de Depot et Placement du Quebec (CDPQ)
24
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$259M +$3.86M +257,120 +2%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$256M +$73.1M +4,873,070 +42%
1
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CNQ Hedge Fund Activity: Q3 2013 in Review

328 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2013, worth a combined $21.4B — up 15% from $18.6B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new CNQ positions and 27 closed out — a net gain of 20 holders — while 121 added to existing stakes and 109 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $180M. The largest seller was Capital Research Global Investors, cutting an estimated $116M.

  • 328 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2013, up from 312 in Q2 2013.
  • Funds reported $21.4B of Canadian Natural Resources stock for Q3 2013, up 15% quarter-over-quarter.
  • 47 funds opened new Canadian Natural Resources positions in Q3 2013 and 27 closed out, a net change of +20 holders.
  • The largest Canadian Natural Resources buyer in Q3 2013 was Bank of Montreal, an estimated $180M added.
  • The largest Canadian Natural Resources seller in Q3 2013 was Capital Research Global Investors, an estimated $116M sold.

Based on aggregated 13F filings for Q3 2013.