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Canadian Natural Resources

357 hedge funds and large institutions have $19.8B invested in Canadian Natural Resources in 2018 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 106 increasing their positions, 143 reducing their positions, and 86 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.27% more ownership

Funds ownership: 138.13%138.4% (+0.27%)

9% less funds holding

Funds holding: 393357 (-36)

13% less funds holding in top 10

Funds holding in top 10: 2320 (-3)

26% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 143

27% less capital invested

Capital invested by funds: $27.1B → $19.8B (-$7.26B)

38% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 86

48% less call options, than puts

Call options by funds: $70.3M | Put options by funds: $134M

Holders
357
Holders Change
-36
Holders Change %
-9.16%
% of All Funds
7.95%
Holding in Top 10
20
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-13.04%
% of All Funds
0.45%
New
53
Increased
106
Reduced
143
Closed
86
Calls
$70.3M
Puts
$134M
Net Calls
-$63.6M
Net Calls Change
-$82.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$2.01B +$422M +31,411,376 +23%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$1.5B -$24.7M -1,834,359 -1%
Capital World Investors
3
Capital World Investors
California
$921M +$19.9M +1,480,299 +2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$829M +$17M +1,267,522 +2%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$772M -$430M -31,987,744 -33%
Invesco
6
Invesco
Georgia
$693M -$21.4M -1,592,721 -3%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$618M -$41.3M -3,071,809 -6%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$616M -$27.8M -2,065,416 -4%
Canada Pension Plan Investment Board
9
Canada Pension Plan Investment Board
Ontario, Canada
$586M -$3.84M -285,721 -0.6%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$557M +$159M +11,833,115 +34%
Fidelity International
11
Fidelity International
Bermuda
$524M -$141M -10,512,408 -19%
Mackenzie Financial
12
Mackenzie Financial
Ontario, Canada
$504M +$11.3M +837,612 +2%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$501M +$34.8M +2,589,754 +7%
Capital International Investors
14
Capital International Investors
California
$463M +$239M +17,791,511 +83%
JFL
15
Jarislowsky, Fraser Ltd
Quebec, Canada
$458M +$25.6M +1,907,585 +5%
LBA
16
Letko, Brosseau & Associates
Quebec, Canada
$354M +$27.1M +2,019,107 +7%
Franklin Resources
17
Franklin Resources
California
$353M +$198M +14,755,916 +98%
Caisse de Depot et Placement du Quebec (CDPQ)
18
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$351M
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$337M -$6.77M -503,719 -2%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$307M +$16.2M +1,203,675 +5%
T. Rowe Price Associates
21
T. Rowe Price Associates
Maryland
$299M -$33.3M -2,477,236 -9%
CIBC World Market
22
CIBC World Market
Ontario, Canada
$290M +$5.43M +403,809 +2%
Norges Bank
23
Norges Bank
Norway
$290M -$1.17M -86,773 -0.4%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$280M -$149M -11,054,130 -32%
Canada Life
25
Canada Life
Manitoba, Canada
$258M -$31.7M -2,360,074 -10%

CNQ Hedge Fund Activity: Q4 2018 in Review

357 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2018, worth a combined $19.8B — down 27% from $27.1B a quarter earlier.

Sellers outnumbered buyers: 86 funds closed out of CNQ and 53 opened new positions — a net loss of 33 holders — while 143 trimmed existing stakes and 106 added.

The largest buyer was Capital Research Global Investors, adding an estimated $422M. The largest seller was Wellington Management Group, cutting an estimated $430M.

  • 357 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2018, down from 393 in Q3 2018.
  • Funds reported $19.8B of Canadian Natural Resources stock for Q4 2018, down 27% quarter-over-quarter.
  • 53 funds opened new Canadian Natural Resources positions in Q4 2018 and 86 closed out, a net change of -33 holders.
  • The largest Canadian Natural Resources buyer in Q4 2018 was Capital Research Global Investors, an estimated $422M added.
  • The largest Canadian Natural Resources seller in Q4 2018 was Wellington Management Group, an estimated $430M sold.

Based on aggregated 13F filings for Q4 2018.