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Canadian Natural Resources
CNQ

353 hedge funds and large institutions have $22.3B invested in Canadian Natural Resources in 2015 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 113 increasing their positions, 139 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more call options, than puts

Call options by funds: $111M | Put options by funds: $74.4M

8% more funds holding in top 10

Funds holding in top 10: 24 → 26 (+2)

3.29% more ownership

Funds ownership: 134.46% → 137.75% (+3.3%)

1% more capital invested

Capital invested by funds: $22.1B → $22.3B (+$248M)

4% less funds holding

Funds holding: 366 → 353 (-13)

19% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 139

22% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 51

Holders
353
Holders Change
-13
Holders Change %
-3.55%
% of All Funds
9.41%
Holding in Top 10
26
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+8.33%
% of All Funds
0.69%
New
40
Increased
113
Reduced
139
Closed
51
Calls
$111M
Puts
$74.4M
Net Calls
+$36.9M
Net Calls Change
-$148M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$445M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$412M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$403M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$101M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$76.4M

Top Sellers

1
Point72 Asset Management
Point72 Asset Management
Connecticut
-$161M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$118M
3
NIMC
NWQ Investment Management Company
California
-$82.9M
4
SI
Sentry Investments
Ontario, Canada
-$82.4M
5
First Eagle Investment Management
First Eagle Investment Management
New York
-$67.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$2.67B +$412M +28,827,400 +19%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$1.7B -$11.8M -826,649 -0.7%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$1.39B +$445M +31,078,264 +50%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$826M -$53.5M -3,739,403 -6%
First Eagle Investment Management
5
First Eagle Investment Management
New York
$721M -$67.8M -4,741,362 -9%
Invesco
6
Invesco
Georgia
$647M +$9.09M +635,699 +1%
TD Asset Management
7
TD Asset Management
Ontario, Canada
$641M -$36.8M -2,575,540 -6%
JFL
8
Jarislowsky, Fraser Ltd
Quebec, Canada
$590M -$10.9M -761,003 -2%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$580M -$118M -8,262,780 -17%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$533M -$487K -34,038 -0.1%
CIBC World Market
11
CIBC World Market
Ontario, Canada
$487M -$5.3M -370,193 -1%
Caisse de Depot et Placement du Quebec (CDPQ)
12
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$467M +$33M +2,307,049 +8%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$466M +$76.4M +5,343,808 +21%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$437M +$11.4M +799,694 +3%
Vanguard Group
15
Vanguard Group
Pennsylvania
$419M +$403M +28,198,165 New
CIBC Asset Management
16
CIBC Asset Management
Ontario, Canada
$404M -$16.3M -1,142,003 -4%
Boston Partners
17
Boston Partners
Massachusetts
$390M +$16.7M +1,164,476 +5%
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$382M -$19.2M -1,343,182 -5%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$379M -$9.57M -668,754 -3%
1832 Asset Management
20
1832 Asset Management
Ontario, Canada
$326M +$17.2M +1,200,245 +6%
Fiera Capital (Canada)
21
Fiera Capital (Canada)
Quebec, Canada
$316M +$9.68M +676,733 +3%
Norges Bank
22
Norges Bank
Norway
$290M -$3.53M -246,933 -1%
Canada Life
23
Canada Life
Manitoba, Canada
$265M -$11.7M -819,378 -4%
Mackenzie Financial
24
Mackenzie Financial
Ontario, Canada
$243M -$26.4M -1,844,485 -10%
BAM
25
Burgundy Asset Management
Ontario, Canada
$209M +$25.4M +1,775,613 +14%
1
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CNQ Hedge Fund Activity: Q1 2015 in Review

353 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q1 2015, worth a combined $22.3B — up 1.1% from $22.1B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of CNQ and 40 opened new positions — a net loss of 11 holders — while 139 trimmed existing stakes and 113 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $445M. The largest seller was Point72 Asset Management, cutting an estimated $161M.

  • 353 institutional investors held Canadian Natural Resources (CNQ) as of Q1 2015, down from 366 in Q4 2014.
  • Funds reported $22.3B of Canadian Natural Resources stock for Q1 2015, up 1.1% quarter-over-quarter.
  • 40 funds opened new Canadian Natural Resources positions in Q1 2015 and 51 closed out, a net change of -11 holders.
  • The largest Canadian Natural Resources buyer in Q1 2015 was T. Rowe Price Associates, an estimated $445M added.
  • The largest Canadian Natural Resources seller in Q1 2015 was Point72 Asset Management, an estimated $161M sold.

Based on aggregated 13F filings for Q1 2015.