Canadian Natural Resources Ltd
CNQ- Exchange
- NYSE
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0001017413
No open-market purchases or sales by Canadian Natural Resources Ltd insiders were filed in the last 90 days; 749 institutions reported holding it in 13F filings for Q2 2026, worth $59.8B in total; Maverick Capital is the only superinvestor holding it.
13F holders, Q3 2025
Institutional positions in Canadian Natural Resources Ltd as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 636
- +21 vs. Q2 2025
- Shares held
- 1.46B
- −20.1M (−1.4%) vs. Q2 2025
- Total value
- $46.9B
- +$168.5M (+0.4%) vs. Q2 2025
- New holders
- 85
- 236 more added
- Sold out
- 64
- 204 more reduced
6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting CNQ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 749 | $59.8B |
| Q1 2026 | 745 | $77.1B |
| Q4 2025 | 676 | $49.6B |
| Q3 2025 | 636 | $46.9B |
| Q2 2025 | 621 | $46.7B |
| Q1 2025 | 624 | $47.4B |
| Q4 2024 | 627 | $45.2B |
| Q3 2024 | 622 | $50.4B |
| Q2 2024 | 614 | $55.6B |
| Q1 2024 | 600 | $61.7B |
| Q4 2023 | 564 | $52.4B |
| Q3 2023 | 535 | $52.8B |
| Q2 2023 | 503 | $46.0B |
| Q1 2023 | 508 | $45.5B |
| Q4 2022 | 501 | $45.5B |
| Q3 2022 | 453 | $37.2B |
| Q2 2022 | 459 | $44.1B |
| Q1 2022 | 446 | $51.2B |
| Q4 2021 | 422 | $34.2B |
| Q3 2021 | 384 | $29.7B |
| Q2 2021 | 367 | $29.2B |
| Q1 2021 | 346 | $25.1B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Canadian Natural Resources Ltd; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 203,333,939 | $6.50B | 0.89% | −5,600,551−2.7% | Reduced |
| Royal Bank of Canada | 133,682,527 | $4.27B | 0.76% | +12,444,465+10.3% | Added |
| Capital Research Global Investors | 111,264,193 | $3.56B | 0.67% | −62,510−0.1% | Reduced |
| Vanguard Group Inc | 92,486,389 | $2.96B | 0.04% | +1,744,290+1.9% | Added |
| Bank of Montreal | 80,268,670 | $2.57B | 1.12% | −12,410,132−13.4% | Reduced |
| FMR LLC | 76,913,244 | $2.46B | 0.13% | +3,501,998+4.8% | Added |
| Fisher Asset Management, LLC | 41,403,027 | $1.32B | 0.48% | −6,536,558−13.6% | Reduced |
| T. Rowe Price Investment Management, Inc. | 41,359,027 | $1.32B | 0.81% | −7,575,440−15.5% | Reduced |
| Canada Pension Plan Investment Board | 41,159,707 | $1.32B | 0.92% | +3,366,331+8.9% | Added |
| TD Asset Management Inc | 38,935,264 | $1.25B | 1.01% | −2,645,861−6.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 34,320,000 | $1.10B | 2.03% | +19,420,000+130.3% | Added |
| Toronto Dominion Bank | 31,613,726 | $1.01B | 1.96% | +17,493,226+123.9% | Added |
| Mackenzie Financial Corp | 31,019,189 | $991.6M | 1.20% | −783,523−2.5% | Reduced |
| 1832 Asset Management L.P. | 30,922,811 | $988.3M | 1.67% | −391,344−1.2% | Reduced |
| Manufacturers Life Insurance Company, The | 30,329,005 | $970.0M | 0.80% | +2,969,228+10.9% | Added |
| CIBC World Markets Inc. | 22,808,559 | $729.2M | 1.51% | −7,438,546−24.6% | Reduced |
| Yacktman Asset Management LP | 20,908,511 | $668.2M | 9.21% | −1,218,366−5.5% | Reduced |
| CIBC Asset Management Inc | 20,251,436 | $649.2M | 1.88% | −1,099,179−5.1% | Reduced |
| Geode Capital Management, LLC | 19,170,777 | $624.3M | 0.04% | +2,023,985+11.8% | Added |
| Goldman Sachs Group Inc | 19,286,795 | $616.4M | 0.09% | −10,497,706−35.2% | Reduced |
| FIL Ltd | 14,883,400 | $475.9M | 0.37% | −6,664,429−30.9% | Reduced |
| JPMorgan Chase & Co | 14,047,793 | $449.0M | 0.03% | −44,844−0.3% | Reduced |
| National Bank of Canada | 12,776,448 | $408.2M | 0.46% | −7,186,681−36.0% | Reduced |
| Morgan Stanley | 11,234,585 | $359.1M | 0.02% | +458,073+4.3% | Added |
| Wellington Management Group LLP | 9,995,647 | $319.5M | 0.06% | −431,205−4.1% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 9,614,291 | $307.3M | 0.97% | +983,892+11.4% | Added |
| Dimensional Fund Advisors LP | 9,304,783 | $297.4M | 0.06% | +934,708+11.2% | Added |
| Bank of America Corp | 9,172,873 | $293.2M | 0.02% | +1,371,122+17.6% | Added |
| Legal & General Group Plc | 8,457,990 | $270.5M | 0.06% | +545,831+6.9% | Added |
| Scotia Capital Inc. | 8,372,021 | $267.7M | 1.14% | +1,242,197+17.4% | Added |
| Janus Henderson Group PLC | 8,038,669 | $257.0M | 0.12% | −176,196−2.1% | Reduced |
| Amundi | 7,669,012 | $248.9M | 0.08% | +139,102+1.8% | Added |
| Price T Rowe Associates Inc | 7,169,169 | $229.1M | 0.02% | +355,194+5.2% | Added |
| Charles Schwab Investment Management Inc | 6,780,079 | $216.8M | 0.03% | +195,306+3.0% | Added |
| Franklin Resources Inc | 6,379,354 | $203.9M | 0.05% | +695,096+12.2% | Added |
| TD Waterhouse Canada Inc. | 6,442,985 | $203.7M | 1.33% | −223,928−3.4% | Reduced |
| Arrowstreet Capital, Limited Partnership | 6,257,570 | $200.0M | 0.13% | −663,597−9.6% | Reduced |
| Swiss National Bank | 6,022,562 | $192.7M | 0.11% | −356,900−5.6% | Reduced |
| Boston Partners | 6,007,184 | $192.3M | 0.20% | +119,622+2.0% | Added |
| Canoe Financial LP | 5,721,033 | $182.9M | 2.61% | −410,569−6.7% | Reduced |
| Invesco Ltd. | 5,710,927 | $182.5M | 0.03% | +36,186+0.6% | Added |
| Picton Mahoney Asset Management | 5,170,054 | $165.3M | 2.11% | −23,446−0.5% | Reduced |
| WCM Investment Management, LLC | 4,633,966 | $149.7M | 0.31% | +7230.0% | Added |
| British Columbia Investment Management Corp | 4,616,458 | $147.6M | 0.85% | +70,304+1.5% | Added |
| Agf Management Ltd | 4,152,394 | $140.9M | 0.62% | −815,959−16.4% | Reduced |
| Massachusetts Financial Services Co | 4,161,061 | $133.0M | 0.04% | −438,863−9.5% | Reduced |
| Bank of New York Mellon Corp | 3,902,282 | $124.7M | 0.02% | −282,909−6.8% | Reduced |
| MUFG Securities (Canada), Ltd. | 3,456,929 | $110.5M | 3.09% | −94,143−2.7% | Reduced |
| Federation des caisses Desjardins du Quebec | 3,411,162 | $109.1M | 0.43% | −1,543,573−31.2% | Reduced |
| Two Sigma Investments, LP | 3,354,020 | $107.2M | 0.16% | −154,773−4.4% | Reduced |
| Northern Trust Corp | 3,185,422 | $101.8M | 0.01% | +76,329+2.5% | Added |
| Addenda Capital Inc. | 2,175,075 | $98.1M | 2.90% | −195,810−8.3% | Reduced |
| Voloridge Investment Management, LLC | 2,886,968 | $92.3M | 0.31% | +371,001+14.7% | Added |
| Bank of Nova Scotia | 2,758,285 | $88.3M | 0.16% | −2,334,946−45.8% | Reduced |
| UBS Group AG | 2,622,958 | $83.8M | 0.02% | −2,810,438−51.7% | Reduced |
| Aviso Financial Inc. | 2,609,357 | $83.4M | 3.39% | +13,756+0.5% | Added |
| Ingalls & Snyder LLC | 2,579,525 | $82.4M | 2.71% | −19,288−0.7% | Reduced |
| Alberta Investment Management Corp | 2,572,800 | $82.2M | 0.60% | −1,407,000−35.4% | Reduced |
| Guardian Capital LP | 2,456,263 | $78.6M | 2.54% | +112,709+4.8% | Added |
| Clearbridge Investments, LLC | 2,367,150 | $75.7M | 0.06% | +207,735+9.6% | Added |
| Crawford Investment Counsel Inc | 2,340,051 | $74.8M | 1.24% | +7,672+0.3% | Added |
| Barclays PLC | 2,336,706 | $74.7M | 0.03% | +1,097,013+88.5% | Added |
| Brandywine Global Investment Management, LLC | 2,304,399 | $73.7M | 0.51% | −8,890−0.4% | Reduced |
| Nuveen, LLC | 2,210,902 | $70.7M | 0.02% | −1,117−0.1% | Reduced |
| Dixon Mitchell Investment Counsel Inc. | 2,151,019 | $69.8M | 2.48% | −21,520−1.0% | Reduced |
| Nearwater Capital Markets, Ltd | 2,045,000 | $65.5M | 0.88% | +2,045,000 | New |
| Deutsche Bank AG | 2,027,479 | $64.8M | 0.02% | −1,810,145−47.2% | Reduced |
| State of Tennessee, Treasury Department | 1,839,812 | $58.8M | 0.20% | −3,600−0.2% | Reduced |
| BlackRock, Inc. | 1,829,892 | $58.5M | 0.00% | +57,885+3.3% | Added |
| Intact Investment Management Inc. | 1,718,220 | $54.9M | 1.66% | +143,550+9.1% | Added |
| Principal Financial Group Inc | 1,716,038 | $54.9M | 0.03% | +33,609+2.0% | Added |
| Marathon Asset Mgmt Ltd | 1,692,101 | $54.8M | 2.02% | −98,054−5.5% | Reduced |
| Two Sigma Advisers, LP | 1,713,958 | $54.8M | 0.11% | −411,000−19.3% | Reduced |
| Envestnet Asset Management Inc | 1,616,219 | $51.7M | 0.01% | +43,356+2.8% | Added |
| Russell Investments Group, Ltd. | 1,614,943 | $51.6M | 0.06% | −438,117−21.3% | Reduced |
| Citigroup Inc | 1,568,652 | $50.2M | 0.03% | +619,008+65.2% | Added |
| Fiera Capital Corp | 1,469,708 | $47.1M | 0.15% | −512,872−25.9% | Reduced |
| First Manhattan Co | 1,449,824 | $46.9M | 0.12% | +45,414+3.2% | Added |
| DekaBank Deutsche Girozentrale | 1,427,745 | $46.3M | 0.08% | 00.0% | Unchanged |
| Raymond James Financial Inc | 1,440,141 | $46.0M | 0.01% | +125,114+9.5% | Added |
| Miller Howard Investments Inc | 1,432,822 | $45.8M | 1.40% | −18,518−1.3% | Reduced |
| Jane Street Group, LLC | 1,417,526 | $45.3M | 0.05% | +1,125,451+385.3% | Added |
| SIG North Trading, ULC | 1,331,735 | $42.6M | 6.56% | +392,460+41.8% | Added |
| GW&K Investment Management, LLC | 1,316,628 | $42.1M | 0.37% | −15,753−1.2% | Reduced |
| Wells Fargo & Company | 1,239,489 | $39.7M | 0.01% | −20,223−1.6% | Reduced |
| American Century Companies Inc | 1,097,473 | $35.1M | 0.02% | +247,352+29.1% | Added |
| NewEdge Wealth, LLC | 1,042,659 | $33.2M | 0.48% | +31,154+3.1% | Added |
| Baskin Financial Services Inc. | 1,029,854 | $32.9M | 2.42% | +15,354+1.5% | Added |
| Goehring & Rozencwajg Associates, LLC | 1,004,981 | $32.2M | 3.87% | +443,339+78.9% | Added |
| HSBC Holdings PLC | 988,015 | $31.6M | 0.02% | +14,201+1.5% | Added |
| Millennium Management LLC | 979,887 | $31.3M | 0.02% | +631,564+181.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 978,382 | $31.3M | 0.07% | +75,601+8.4% | Added |
| Capital International Investors | 957,560 | $30.6M | 0.00% | −20,083−2.1% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 956,117 | $30.6M | 1.82% | +17,717+1.9% | Added |
| Capital International Inc | 931,845 | $29.8M | 0.24% | +81,642+9.6% | Added |
| Qube Research & Technologies Ltd | 914,879 | $29.2M | 0.04% | −706,835−43.6% | Reduced |
| Royal London Asset Management Ltd | 863,529 | $27.6M | 0.06% | −4,955−0.6% | Reduced |
| Korea Investment CORP | 847,192 | $27.1M | 0.06% | +14,750+1.8% | Added |
| Yaupon Capital Management LP | 822,752 | $26.3M | 1.36% | +28,651+3.6% | Added |
| Bank of Nova Scotia Trust Co | 789,937 | $25.2M | 2.35% | +17,051+2.2% | Added |