Canadian Natural Resources
CNQ
602 hedge funds and large institutions have $61.7B invested in Canadian Natural Resources in 2024 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 233 increasing their positions, 187 reducing their positions, and 47 closing their positions.
96% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 47
26% more funds holding in top 10
Funds holding in top 10: 38 → 48 (+10)
25% more repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 187
18% more capital invested
Capital invested by funds: $52.4B → $61.7B (+$9.33B)
7% more funds holding
Funds holding: 564 → 602 (+38)
3.42% more ownership
Funds ownership: 147.19% → 150.61% (+3.4%)
28% less call options, than puts
Call options by funds: $413M | Put options by funds: $576M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$670M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$440M |
| 3 |
Goldman Sachs
New York
|
+$270M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$268M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$186M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$458M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$389M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$315M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$204M |
| 5 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$176M |
CNQ Hedge Fund Activity: Q1 2024 in Review
602 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q1 2024, worth a combined $61.7B — up 18% from $52.4B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new CNQ positions and 47 closed out — a net gain of 45 holders — while 233 added to existing stakes and 187 trimmed.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $670M. The largest seller was CIBC World Market, cutting an estimated $458M.
- 602 institutional investors held Canadian Natural Resources (CNQ) as of Q1 2024, up from 564 in Q4 2023.
- Funds reported $61.7B of Canadian Natural Resources stock for Q1 2024, up 18% quarter-over-quarter.
- 92 funds opened new Canadian Natural Resources positions in Q1 2024 and 47 closed out, a net change of +45 holders.
- The largest Canadian Natural Resources buyer in Q1 2024 was T. Rowe Price Investment Management, an estimated $670M added.
- The largest Canadian Natural Resources seller in Q1 2024 was CIBC World Market, an estimated $458M sold.
Based on aggregated 13F filings for Q1 2024.