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Canadian Natural Resources

671 hedge funds and large institutions have $49.6B invested in Canadian Natural Resources in 2025 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 241 increasing their positions, 211 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 68

30% more funds holding in top 10

Funds holding in top 10: 2026 (+6)

14% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 211

6% more funds holding

Funds holding: 634671 (+37)

6% more capital invested

Capital invested by funds: $46.9B → $49.6B (+$2.69B)

0.18% less ownership

Funds ownership: 70.19%70.01% (-0.18%)

23% less call options, than puts

Call options by funds: $600M | Put options by funds: $781M

Holders
671
Holders Change
+37
Holders Change %
+5.84%
% of All Funds
8.17%
Holding in Top 10
26
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+30%
% of All Funds
0.32%
New
117
Increased
241
Reduced
211
Closed
68
Calls
$600M
Puts
$781M
Net Calls
-$181M
Net Calls Change
-$26.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$6.77B -$114M -3,513,338 -2%
Capital Research Global Investors
2
Capital Research Global Investors
California
$4.96B +$1.14B +35,067,143 +32%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$3.82B -$678M -20,900,327 -16%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.16B +$26.5M +818,809 +0.9%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$3.09B +$464M +14,309,894 +19%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$2.35B -$349M -10,777,918 -13%
CIBC World Market
7
CIBC World Market
Ontario, Canada
$1.5B +$692M +21,338,041 +94%
Fisher Asset Management
8
Fisher Asset Management
Washington
$1.45B +$43.5M +1,342,954 +3%
Canada Pension Plan Investment Board
9
Canada Pension Plan Investment Board
Ontario, Canada
$1.39B -$4.43M -136,483 -0.3%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.29B -$32.1M -989,538 -3%
T. Rowe Price Investment Management
11
T. Rowe Price Investment Management
Maryland
$1.16B -$233M -7,180,282 -17%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
12
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.15B -$8.43M -260,000 -0.8%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$1.07B +$18.1M +559,368 +2%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$1.05B -$2.98M -91,849 -0.3%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$981M -$46.3M -1,429,195 -5%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$710M +$43.7M +1,347,844 +7%
YAM
17
Yacktman Asset Management
Texas
$636M -$69.2M -2,133,091 -10%
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$628M +$188M +5,790,337 +45%
Toronto Dominion Bank
19
Toronto Dominion Bank
Ontario, Canada
$627M -$425M -13,098,071 -41%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$578M -$105M -3,247,605 -16%
JP Morgan Chase
21
JP Morgan Chase
New York
$484M +$8.45M +260,746 +2%
Massachusetts Financial Services
22
Massachusetts Financial Services
Massachusetts
$393M +$242M +7,455,286 +179%
Morgan Stanley
23
Morgan Stanley
New York
$371M -$9.34M -288,051 -3%
Fidelity International
24
Fidelity International
Bermuda
$359M -$139M -4,282,541 -29%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$323M +$8.13M +250,684 +3%