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Canadian Natural Resources

746 hedge funds and large institutions have $59.8B invested in Canadian Natural Resources in 2026 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 287 increasing their positions, 242 reducing their positions, and 82 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 82

19% more repeat investments, than reductions

Existing positions increased: 287 | Existing positions reduced: 242

0% more funds holding

Funds holding: 745746 (+1)

3.44% less ownership

Funds ownership: 75.55%72.11% (-3.4%)

22% less capital invested

Capital invested by funds: $77.1B → $59.8B (-$17.3B)

24% less call options, than puts

Call options by funds: $483M | Put options by funds: $636M

39% less funds holding in top 10

Funds holding in top 10: 4427 (-17)

Holders
746
Holders Change
+1
Holders Change %
+0.13%
% of All Funds
9.02%
Holding in Top 10
27
Holding in Top 10 Change
-17
Holding in Top 10 Change %
-38.64%
% of All Funds
0.33%
New
98
Increased
287
Reduced
242
Closed
82
Calls
$483M
Puts
$636M
Net Calls
-$154M
Net Calls Change
+$253M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$8.62B +$922M +20,281,072 +10%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$5.44B +$582M +12,793,594 +10%
Capital Research Global Investors
3
Capital Research Global Investors
California
$4.59B -$2.2B -48,364,929 -29%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$2.56B +$40.3M +886,881 +1%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$2.54B -$953M -20,960,566 -25%
Vanguard Capital Management
6
Vanguard Capital Management
Pennsylvania
$2.33B +$33.8M +742,871 +1%
Goldman Sachs
7
Goldman Sachs
New York
$2.01B +$1.12B +24,652,519 +94%
Canada Pension Plan Investment Board
8
Canada Pension Plan Investment Board
Ontario, Canada
$1.53B -$74.8M -1,645,100 -4%
Mackenzie Financial
9
Mackenzie Financial
Ontario, Canada
$1.53B -$10.7M -234,582 -0.9%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$1.23B -$399M -8,772,820 -22%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
11
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.22B -$303M -6,664,300 -18%
CIBC World Market
12
CIBC World Market
Ontario, Canada
$1.2B -$660M -14,515,387 -32%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$1.11B +$8.98M +197,564 +0.7%
Manulife (Manufacturers Life Insurance)
14
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.05B -$9.24M -203,246 -0.8%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$1.03B +$141M +3,094,883 +13%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$983M +$128M +2,815,163 +13%
T. Rowe Price Investment Management
17
T. Rowe Price Investment Management
Maryland
$831M +$400M +8,790,819 +72%
National Bank of Canada
18
National Bank of Canada
Quebec, Canada
$749M +$319M +7,007,557 +58%
Vanguard Fiduciary Trust
19
Vanguard Fiduciary Trust
Pennsylvania
$716M +$5.87M +129,030 +0.7%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$663M +$46.5M +1,021,985 +7%
YAM
21
Yacktman Asset Management
Texas
$650M -$3.6M -79,090 -0.5%
JP Morgan Chase
22
JP Morgan Chase
New York
$647M +$17.1M +375,837 +2%
TWC
23
TD Waterhouse Canada
Ontario, Canada
$635M +$4.05M +88,990 +0.6%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$629M -$592M -13,027,111 -45%
Vanguard Global Advisers
25
Vanguard Global Advisers
Pennsylvania
$629M +$62.6M +1,376,397 +9%

CNQ Hedge Fund Activity: Q2 2026 in Review

746 of the 8,274 institutional investors tracked by Wall St. Rank reported a position in Canadian Natural Resources (CNQ) for Q2 2026, worth a combined $59.8B — down 22% from $77.1B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new CNQ positions and 82 closed out — a net gain of 16 holders — while 287 added to existing stakes and 242 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $1.12B. The largest seller was Capital Research Global Investors, cutting an estimated $2.2B.

  • 746 institutional investors held Canadian Natural Resources (CNQ) as of Q2 2026, up from 745 in Q1 2026.
  • Funds reported $59.8B of Canadian Natural Resources stock for Q2 2026, down 22% quarter-over-quarter.
  • 98 funds opened new Canadian Natural Resources positions in Q2 2026 and 82 closed out, a net change of +16 holders.
  • The largest Canadian Natural Resources buyer in Q2 2026 was Goldman Sachs, an estimated $1.12B added.
  • The largest Canadian Natural Resources seller in Q2 2026 was Capital Research Global Investors, an estimated $2.2B sold.

Based on aggregated 13F filings for Q2 2026.