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Canadian Natural Resources
CNQ

504 hedge funds and large institutions have $46B invested in Canadian Natural Resources in 2023 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 173 increasing their positions, 184 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $45.4B → $46B (+$543M)

1% less funds holding

Funds holding: 509 → 504 (-5)

4% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 53

6% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 184

1.03% less ownership

Funds ownership: 148.39% → 147.36% (-1%)

11% less funds holding in top 10

Funds holding in top 10: 38 → 34 (-4)

30% less call options, than puts

Call options by funds: $381M | Put options by funds: $545M

Holders
504
Holders Change
-5
Holders Change %
-0.98%
% of All Funds
7.91%
Holding in Top 10
34
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-10.53%
% of All Funds
0.53%
New
51
Increased
173
Reduced
184
Closed
53
Calls
$381M
Puts
$545M
Net Calls
-$164M
Net Calls Change
+$24M

Top Buyers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$543M
2
MSE
MUFG Securities EMEA
United Kingdom
+$347M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$325M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$322M
5
BCIM
British Columbia Investment Management
British Columbia, Canada
+$127M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$662M
2
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$443M
3
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$237M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$218M
5
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$153M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital World Investors
1
Capital World Investors
California
$8.37B -$42.3M -1,483,394 -0.5%
Capital Research Global Investors
2
Capital Research Global Investors
California
$5.18B -$662M -23,181,402 -11%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.51B -$14.9M -520,430 -0.4%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$2.8B -$218M -7,632,112 -7%
Vanguard Group
5
Vanguard Group
Pennsylvania
$2.37B +$53.6M +1,878,008 +2%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$2.02B +$322M +11,293,258 +19%
Canada Pension Plan Investment Board
7
Canada Pension Plan Investment Board
Ontario, Canada
$1.5B -$237M -8,292,000 -13%
Bank of Nova Scotia
8
Bank of Nova Scotia
Ontario, Canada
$1.41B +$325M +11,369,792 +30%
Fidelity International
9
Fidelity International
Bermuda
$1.33B -$32.6M -1,140,966 -2%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.01B +$10.4M +365,512 +1%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$980M +$30.5M +1,066,860 +3%
YAM
12
Yacktman Asset Management
Texas
$850M -$6.02M -210,748 -0.7%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$846M -$5.72M -200,334 -0.7%
CIBC Asset Management
14
CIBC Asset Management
Ontario, Canada
$673M -$7.93M -277,648 -1%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$624M +$83.8M +2,934,582 +15%
Toronto Dominion Bank
16
Toronto Dominion Bank
Ontario, Canada
$584M -$11.6M -405,536 -2%
T. Rowe Price Investment Management
17
T. Rowe Price Investment Management
Maryland
$535M +$543M +19,014,758 New
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$533M -$443M -15,509,548 -45%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$497M -$75.9M -2,657,486 -13%
Boston Partners
20
Boston Partners
Massachusetts
$453M +$5.85M +204,856 +1%
MSE
21
MUFG Securities EMEA
United Kingdom
$452M +$347M +12,143,600 New
Wellington Management Group
22
Wellington Management Group
Massachusetts
$441M -$40.9M -1,434,438 -8%
Capital International Investors
23
Capital International Investors
California
$417M +$46.7M +1,637,056 +12%
Morgan Stanley
24
Morgan Stanley
New York
$308M +$2.5M +87,458 +0.8%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
25
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$300M -$153M -5,372,000 -33%
1
2 3 4 5

CNQ Hedge Fund Activity: Q2 2023 in Review

504 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q2 2023, worth a combined $46B — up 1.2% from $45.4B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of CNQ and 51 opened new positions — a net loss of 2 holders — while 184 trimmed existing stakes and 173 added.

The largest buyer was T. Rowe Price Investment Management, opening a new position worth an estimated $543M. The largest seller was Capital Research Global Investors, cutting an estimated $662M.

  • 504 institutional investors held Canadian Natural Resources (CNQ) as of Q2 2023, down from 509 in Q1 2023.
  • Funds reported $46B of Canadian Natural Resources stock for Q2 2023, up 1.2% quarter-over-quarter.
  • 51 funds opened new Canadian Natural Resources positions in Q2 2023 and 53 closed out, a net change of -2 holders.
  • The largest Canadian Natural Resources buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $543M added.
  • The largest Canadian Natural Resources seller in Q2 2023 was Capital Research Global Investors, an estimated $662M sold.

Based on aggregated 13F filings for Q2 2023.