Canadian Natural Resources
CNQ
745 hedge funds and large institutions have $77.1B invested in Canadian Natural Resources in 2026 Q1 according to their latest regulatory filings, with 143 funds opening new positions, 265 increasing their positions, 223 reducing their positions, and 64 closing their positions.
123% more first-time investments, than exits
New positions opened: 143 | Existing positions closed: 64
63% more funds holding in top 10
Funds holding in top 10: 27 → 44 (+17)
55% more capital invested
Capital invested by funds: $49.6B → $77.1B (+$27.5B)
19% more repeat investments, than reductions
Existing positions increased: 265 | Existing positions reduced: 223
10% more funds holding
Funds holding: 675 → 745 (+70)
5.51% more ownership
Funds ownership: 70.04% → 75.55% (+5.5%)
41% less call options, than puts
Call options by funds: $582M | Put options by funds: $988M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.19B |
| 2 |
Goldman Sachs
New York
|
+$918M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$744M |
| 4 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$722M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$669M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$902M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$380M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$270M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$248M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$230M |
CNQ Hedge Fund Activity: Q1 2026 in Review
745 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q1 2026, worth a combined $77.1B — up 55% from $49.6B a quarter earlier.
Buyers outnumbered sellers: 143 funds opened new CNQ positions and 64 closed out — a net gain of 79 holders — while 265 added to existing stakes and 223 trimmed.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $1.19B. The largest seller was T. Rowe Price Investment Management, cutting an estimated $902M.
- 745 institutional investors held Canadian Natural Resources (CNQ) as of Q1 2026, up from 675 in Q4 2025.
- Funds reported $77.1B of Canadian Natural Resources stock for Q1 2026, up 55% quarter-over-quarter.
- 143 funds opened new Canadian Natural Resources positions in Q1 2026 and 64 closed out, a net change of +79 holders.
- The largest Canadian Natural Resources buyer in Q1 2026 was Arrowstreet Capital, an estimated $1.19B added.
- The largest Canadian Natural Resources seller in Q1 2026 was T. Rowe Price Investment Management, an estimated $902M sold.
Based on aggregated 13F filings for Q1 2026.