Canadian Natural Resources
CNQ
367 hedge funds and large institutions have $22B invested in Canadian Natural Resources in 2014 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 126 increasing their positions, 132 reducing their positions, and 65 closing their positions.
144% more call options, than puts
Call options by funds: $314M | Put options by funds: $129M
2.66% more ownership
Funds ownership: 131.8% → 134.46% (+2.7%)
5% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 132
4% less funds holding
Funds holding: 384 → 367 (-17)
18% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 65
19% less capital invested
Capital invested by funds: $27.1B → $22B (-$5.07B)
40% less funds holding in top 10
Funds holding in top 10: 40 → 24 (-16)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$1.05B |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$759M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$358M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$120M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$586M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$492M |
| 3 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$381M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$279M |
| 5 |
SIG
Senator Investment Group
New York
|
-$183M |
CNQ Hedge Fund Activity: Q4 2014 in Review
367 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2014, worth a combined $22B — down 19% from $27.1B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of CNQ and 53 opened new positions — a net loss of 12 holders — while 132 trimmed existing stakes and 126 added.
The largest buyer was Capital Research Global Investors, adding an estimated $1.05B. The largest seller was Fidelity Investments, cutting an estimated $586M.
- 367 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2014, down from 384 in Q3 2014.
- Funds reported $22B of Canadian Natural Resources stock for Q4 2014, down 19% quarter-over-quarter.
- 53 funds opened new Canadian Natural Resources positions in Q4 2014 and 65 closed out, a net change of -12 holders.
- The largest Canadian Natural Resources buyer in Q4 2014 was Capital Research Global Investors, an estimated $1.05B added.
- The largest Canadian Natural Resources seller in Q4 2014 was Fidelity Investments, an estimated $586M sold.
Based on aggregated 13F filings for Q4 2014.