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Canadian Natural Resources
CNQ

328 hedge funds and large institutions have $14.8B invested in Canadian Natural Resources in 2015 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 116 increasing their positions, 131 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.51% more ownership

Funds ownership: 139.02% → 144.53% (+5.5%)

8% more call options, than puts

Call options by funds: $99.4M | Put options by funds: $92.3M

5% less funds holding

Funds holding: 344 → 328 (-16)

11% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 131

24% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 45

25% less capital invested

Capital invested by funds: $19.7B → $14.8B (-$4.93B)

47% less funds holding in top 10

Funds holding in top 10: 17 → 9 (-8)

Holders
328
Holders Change
-16
Holders Change %
-4.65%
% of All Funds
9.16%
Holding in Top 10
9
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-47.06%
% of All Funds
0.25%
New
34
Increased
116
Reduced
131
Closed
45
Calls
$99.4M
Puts
$92.3M
Net Calls
+$7.07M
Net Calls Change
+$17.7M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$242M
2
FCM
Fairholme Capital Management
Florida
+$221M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$155M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$126M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$106M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$304M
2
William Blair & Company
William Blair & Company
Illinois
-$150M
3
TIM
Thornburg Investment Management
New Mexico
-$56.7M
4
FPA
First Pacific Advisors
California
-$44.4M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$1.67B -$304M -27,631,430 -14%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$1.07B +$96.3M +8,752,933 +8%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$1.07B +$106M +9,619,727 +9%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$592M +$242M +21,953,758 +54%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$482M +$155M +14,061,310 +38%
First Eagle Investment Management
6
First Eagle Investment Management
New York
$460M +$4.99M +453,020 +0.9%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$453M -$30.8M -2,798,565 -5%
Invesco
8
Invesco
Georgia
$449M +$48.2M +4,382,914 +10%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$389M +$2.16M +196,214 +0.5%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$371M +$37.9M +3,448,504 +10%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$364M -$1.21M -109,790 -0.3%
Caisse de Depot et Placement du Quebec (CDPQ)
12
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$358M +$22M +2,003,163 +6%
Vanguard Group
13
Vanguard Group
Pennsylvania
$319M +$36.6M +3,329,844 +11%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$299M +$16.4M +1,494,404 +5%
CIBC World Market
15
CIBC World Market
Ontario, Canada
$294M -$1.94M -175,934 -0.6%
CIBC Asset Management
16
CIBC Asset Management
Ontario, Canada
$274M +$24.6M +2,231,722 +8%
Toronto Dominion Bank
17
Toronto Dominion Bank
Ontario, Canada
$270M +$62.5M +5,680,718 +25%
Boston Partners
18
Boston Partners
Massachusetts
$247M +$1.28M +115,944 +0.4%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$218M -$23.5M -2,132,179 -8%
IGIM
20
I.G. Investment Management
Manitoba, Canada
$207M +$81.4M +7,401,529 +51%
FCM
21
Fairholme Capital Management
Florida
$189M +$221M +20,086,616 New
Norges Bank
22
Norges Bank
Norway
$181M +$988K +89,798 +0.5%
Mackenzie Financial
23
Mackenzie Financial
Ontario, Canada
$170M +$23.8M +2,162,185 +14%
Fiera Capital (Canada)
24
Fiera Capital (Canada)
Quebec, Canada
$160M -$34.4M -3,130,017 -15%
BAM
25
Burgundy Asset Management
Ontario, Canada
$156M +$24.7M +2,248,417 +16%
1
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CNQ Hedge Fund Activity: Q3 2015 in Review

328 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2015, worth a combined $14.8B — down 25% from $19.7B a quarter earlier.

Sellers outnumbered buyers: 45 funds closed out of CNQ and 34 opened new positions — a net loss of 11 holders — while 131 trimmed existing stakes and 116 added.

The largest buyer was Fidelity Investments, adding an estimated $242M. The largest seller was Capital Research Global Investors, cutting an estimated $304M.

  • 328 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2015, down from 344 in Q2 2015.
  • Funds reported $14.8B of Canadian Natural Resources stock for Q3 2015, down 25% quarter-over-quarter.
  • 34 funds opened new Canadian Natural Resources positions in Q3 2015 and 45 closed out, a net change of -11 holders.
  • The largest Canadian Natural Resources buyer in Q3 2015 was Fidelity Investments, an estimated $242M added.
  • The largest Canadian Natural Resources seller in Q3 2015 was Capital Research Global Investors, an estimated $304M sold.

Based on aggregated 13F filings for Q3 2015.