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Canadian Natural Resources
CNQ

341 hedge funds and large institutions have $21.4B invested in Canadian Natural Resources in 2019 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 106 increasing their positions, 139 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.35% less ownership

Funds ownership: 137.79% → 137.43% (-0.35%)

1% less call options, than puts

Call options by funds: $157M | Put options by funds: $158M

1% less capital invested

Capital invested by funds: $21.6B → $21.4B (-$239M)

5% less funds holding in top 10

Funds holding in top 10: 22 → 21 (-1)

7% less funds holding

Funds holding: 366 → 341 (-25)

24% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 139

41% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 58

Holders
341
Holders Change
-25
Holders Change %
-6.83%
% of All Funds
7.48%
Holding in Top 10
21
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.55%
% of All Funds
0.46%
New
34
Increased
106
Reduced
139
Closed
58
Calls
$157M
Puts
$158M
Net Calls
-$874K
Net Calls Change
-$92.4M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$182M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$151M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$137M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$99.6M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$79.8M

Top Sellers

1
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
-$229M
2
Boston Partners
Boston Partners
Massachusetts
-$216M
3
Fidelity International
Fidelity International
Bermuda
-$215M
4
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$152M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$107M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$2.35B +$151M +12,184,799 +7%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$1.94B +$182M +14,675,066 +11%
Capital World Investors
3
Capital World Investors
California
$1.03B +$23.7M +1,912,817 +2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$953M +$17.4M +1,403,663 +2%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$855M +$137M +11,025,973 +20%
Invesco
6
Invesco
Georgia
$709M -$46.1M -3,719,098 -6%
TD Asset Management
7
TD Asset Management
Ontario, Canada
$708M -$20.6M -1,660,254 -3%
Capital International Investors
8
Capital International Investors
California
$703M +$51.3M +4,142,009 +8%
Canada Pension Plan Investment Board
9
Canada Pension Plan Investment Board
Ontario, Canada
$685M +$38.9M +3,138,705 +6%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$654M +$23.8M +1,921,588 +4%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$513M +$35M +2,823,147 +8%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$502M +$15M +1,207,375 +3%
Caisse de Depot et Placement du Quebec (CDPQ)
13
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$479M – – –
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$400M +$2.74M +220,765 +0.7%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$370M +$5.43M +437,895 +2%
Franklin Resources
16
Franklin Resources
California
$367M +$3.27M +263,479 +0.9%
Fidelity International
17
Fidelity International
Bermuda
$329M -$215M -17,376,660 -41%
Norges Bank
18
Norges Bank
Norway
$323M – – –
Wellington Management Group
19
Wellington Management Group
Massachusetts
$305M +$79.8M +6,435,598 +38%
Canada Life
20
Canada Life
Manitoba, Canada
$300M +$16.8M +1,352,206 +6%
Mackenzie Financial
21
Mackenzie Financial
Ontario, Canada
$291M -$30.3M -2,444,396 -10%
Toronto Dominion Bank
22
Toronto Dominion Bank
Ontario, Canada
$288M -$152M -12,267,689 -36%
Bank of Nova Scotia
23
Bank of Nova Scotia
Ontario, Canada
$286M +$99.6M +8,040,122 +58%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$249M -$31.9M -2,571,415 -12%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$248M +$27.8M +2,241,429 +13%
1
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CNQ Hedge Fund Activity: Q3 2019 in Review

341 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q3 2019, worth a combined $21.4B — down 1.1% from $21.6B a quarter earlier.

Sellers outnumbered buyers: 58 funds closed out of CNQ and 34 opened new positions — a net loss of 24 holders — while 139 trimmed existing stakes and 106 added.

The largest buyer was Royal Bank of Canada, adding an estimated $182M. The largest seller was Mawer Investment Management, cutting an estimated $229M.

  • 341 institutional investors held Canadian Natural Resources (CNQ) as of Q3 2019, down from 366 in Q2 2019.
  • Funds reported $21.4B of Canadian Natural Resources stock for Q3 2019, down 1.1% quarter-over-quarter.
  • 34 funds opened new Canadian Natural Resources positions in Q3 2019 and 58 closed out, a net change of -24 holders.
  • The largest Canadian Natural Resources buyer in Q3 2019 was Royal Bank of Canada, an estimated $182M added.
  • The largest Canadian Natural Resources seller in Q3 2019 was Mawer Investment Management, an estimated $229M sold.

Based on aggregated 13F filings for Q3 2019.