Canadian Natural Resources
CNQ
625 hedge funds and large institutions have $47.4B invested in Canadian Natural Resources in 2025 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 253 increasing their positions, 203 reducing their positions, and 76 closing their positions.
52% more capital inflows, than outflows
Capital inflows: $6.75B | Capital outflows: $4.45B
25% more repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 203
15% more funds holding in top 10
Funds holding in top 10: 26 → 30 (+4)
3.93% more ownership
Funds ownership: 69.27% → 73.2% (+3.9%)
8% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 76
0% less funds holding
Funds holding: 628 → 625 (-3)
12% less call options, than puts
Call options by funds: $399M | Put options by funds: $453M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.33B |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$512M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$500M |
| 4 |
Goldman Sachs
New York
|
+$476M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$341M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$1.74B |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$781M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$572M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$198M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$155M |
CNQ Hedge Fund Activity: Q1 2025 in Review
625 of the 7,478 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q1 2025, worth a combined $47.4B — up 4.8% from $45.2B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new CNQ positions and 76 closed out — a net gain of 6 holders — while 253 added to existing stakes and 203 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.33B. The largest seller was Capital World Investors, cutting an estimated $1.74B.
- 625 institutional investors held Canadian Natural Resources (CNQ) as of Q1 2025, down from 628 in Q4 2024.
- Funds reported $47.4B of Canadian Natural Resources stock for Q1 2025, up 4.8% quarter-over-quarter.
- 82 funds opened new Canadian Natural Resources positions in Q1 2025 and 76 closed out, a net change of +6 holders.
- The largest Canadian Natural Resources buyer in Q1 2025 was Royal Bank of Canada, an estimated $1.33B added.
- The largest Canadian Natural Resources seller in Q1 2025 was Capital World Investors, an estimated $1.74B sold.
Based on aggregated 13F filings for Q1 2025.