Canadian Natural Resources
CNQ
628 hedge funds and large institutions have $45.2B invested in Canadian Natural Resources in 2024 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 229 increasing their positions, 232 reducing their positions, and 65 closing their positions.
18% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 65
1% more funds holding
Funds holding: 622 → 628 (+6)
1% less repeat investments, than reductions
Existing positions increased: 229 | Existing positions reduced: 232
1.9% less ownership
Funds ownership: 71.16% → 69.27% (-1.9%)
10% less capital invested
Capital invested by funds: $50.3B → $45.2B (-$5.07B)
23% less call options, than puts
Call options by funds: $453M | Put options by funds: $589M
24% less funds holding in top 10
Funds holding in top 10: 34 → 26 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$201M |
| 3 |
Goldman Sachs
New York
|
+$134M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$121M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$558M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$423M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$337M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$243M |
| 5 |
Morgan Stanley
New York
|
-$214M |
CNQ Hedge Fund Activity: Q4 2024 in Review
628 of the 7,606 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q4 2024, worth a combined $45.2B — down 10% from $50.3B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CNQ positions and 65 closed out — a net gain of 12 holders — while 229 added to existing stakes and 232 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $248M. The largest seller was Bank of America, cutting an estimated $558M.
- 628 institutional investors held Canadian Natural Resources (CNQ) as of Q4 2024, up from 622 in Q3 2024.
- Funds reported $45.2B of Canadian Natural Resources stock for Q4 2024, down 10% quarter-over-quarter.
- 77 funds opened new Canadian Natural Resources positions in Q4 2024 and 65 closed out, a net change of +12 holders.
- The largest Canadian Natural Resources buyer in Q4 2024 was Fidelity Investments, an estimated $248M added.
- The largest Canadian Natural Resources seller in Q4 2024 was Bank of America, an estimated $558M sold.
Based on aggregated 13F filings for Q4 2024.