Canadian Natural Resources
CNQ
384 hedge funds and large institutions have $27.1B invested in Canadian Natural Resources in 2014 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 126 increasing their positions, 155 reducing their positions, and 50 closing their positions.
128% more call options, than puts
Call options by funds: $389M | Put options by funds: $171M
2.6% less ownership
Funds ownership: 134.4% → 131.8% (-2.6%)
5% less funds holding
Funds holding: 403 → 384 (-19)
17% less capital invested
Capital invested by funds: $32.7B → $27.1B (-$5.59B)
19% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 155
25% less funds holding in top 10
Funds holding in top 10: 53 → 40 (-13)
28% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$497M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$203M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$194M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$179M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$88.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$387M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$378M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$354M |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$266M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$199M |
CNQ Hedge Fund Activity: Q3 2014 in Review
384 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2014, worth a combined $27.1B — down 17% from $32.7B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of CNQ and 36 opened new positions — a net loss of 14 holders — while 155 trimmed existing stakes and 126 added.
The largest buyer was Capital Research Global Investors, adding an estimated $497M. The largest seller was Norges Bank, cutting an estimated $387M.
- 384 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2014, down from 403 in Q2 2014.
- Funds reported $27.1B of Canadian Natural Resources stock for Q3 2014, down 17% quarter-over-quarter.
- 36 funds opened new Canadian Natural Resources positions in Q3 2014 and 50 closed out, a net change of -14 holders.
- The largest Canadian Natural Resources buyer in Q3 2014 was Capital Research Global Investors, an estimated $497M added.
- The largest Canadian Natural Resources seller in Q3 2014 was Norges Bank, an estimated $387M sold.
Based on aggregated 13F filings for Q3 2014.