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 |
|---|---|---|---|---|---|
| Heathbridge Capital Management Ltd. | 342,300 | $10.9M | 4.20% | +36,600+12.0% | Added |
| Harvest Portfolios Group Inc. | 388,352 | $12.4M | 0.23% | +257,765+197.4% | Added |
| Dividend Assets Capital, LLC | 425,340 | $13.6M | 2.38% | +644+0.2% | Added |
| Crossmark Global Holdings, Inc. | 433,065 | $13.8M | 0.21% | −6,044−1.4% | Reduced |
| Hillsdale Investment Management Inc. | 436,734 | $14.0M | 0.42% | −229,671−34.5% | Reduced |
| SIR Capital Management, L.P. | 438,100 | $14.0M | 1.26% | +220,200+101.1% | Added |
| O'Shaughnessy Asset Management, LLC | 448,895 | $14.3M | 0.08% | −84,936−15.9% | Reduced |
| Exencial Wealth Advisors, LLC | 459,498 | $14.7M | 0.48% | +3,965+0.9% | Added |
| BNP Paribas Arbitrage, SA | 463,624 | $14.8M | 0.01% | −156,206−25.2% | Reduced |
| Intech Investment Management LLC | 465,326 | $14.9M | 0.13% | −40,161−7.9% | Reduced |
| CI Private Wealth, LLC | 472,126 | $15.1M | 0.02% | −9,716−2.0% | Reduced |
| Guardian Partners Inc. | 482,719 | $15.4M | 1.30% | −15,833−3.2% | Reduced |
| Natixis Advisors, L.P. | 486,821 | $15.6M | 0.02% | −1130.0% | Reduced |
| Harbor Advisors LLC | 499,800 | $16.0M | 2.46% | 00.0% | Unchanged |
| Pacific Heights Asset Management LLC | 500,000 | $16.0M | 0.71% | 00.0% | Unchanged |
| Old West Investment Management, LLC | 508,591 | $16.3M | 3.73% | +155,608+44.1% | Added |
| Verity & Verity, LLC | 511,164 | $16.3M | 1.31% | +20,505+4.2% | Added |
| Public Employees Retirement System of Ohio | 512,387 | $16.4M | 0.05% | +379,461+285.5% | Added |
| Quantbot Technologies LP | 545,438 | $17.4M | 0.47% | +438,080+408.1% | Added |
| Nicola Wealth Management Ltd. | 575,900 | $18.4M | 1.64% | 00.0% | Unchanged |
| Allianz Asset Management GmbH | 607,331 | $19.5M | 0.02% | −95,179−13.5% | Reduced |
| Macquarie Group Ltd | 617,770 | $19.7M | 0.02% | −171,707−21.7% | Reduced |
| QV Investors Inc. | 621,867 | $19.9M | 1.72% | −5,752−0.9% | Reduced |
| Rempart Asset Management Inc. | 629,935 | $20.2M | 3.73% | +10,185+1.6% | Added |
| Galibier Capital Management Ltd. | 633,545 | $20.3M | 6.75% | −43,868−6.5% | Reduced |
| Mudita Advisors LLP | 637,044 | $20.4M | 5.89% | 00.0% | Unchanged |
| U.S. Capital Wealth Advisors, LLC | 643,606 | $20.6M | 0.55% | +1,186+0.2% | Added |
| Neuberger Berman Group LLC | 643,631 | $20.6M | 0.02% | −1,683−0.3% | Reduced |
| Parkwood LLC | 654,874 | $20.9M | 2.04% | +30,121+4.8% | Added |
| Longfellow Investment Management Co LLC | 671,721 | $21.5M | 5.09% | 00.0% | Unchanged |
| Citadel Advisors LLC | 676,435 | $21.6M | 0.02% | −453,829−40.2% | Reduced |
| Pictet Asset Management Holding SA | 684,940 | $21.9M | 0.02% | −16,324−2.3% | Reduced |
| Lincluden Management Ltd | 700,082 | $22.3M | 2.48% | −48,220−6.4% | Reduced |
| Northwest & Ethical Investments L.P. | 731,914 | $23.5M | 0.55% | −9,830−1.3% | Reduced |
| Waratah Capital Advisors Ltd. | 757,028 | $24.2M | 1.65% | −640,542−45.8% | Reduced |
| Factory Mutual Insurance Co | 773,003 | $24.7M | 0.24% | +123,803+19.1% | Added |
| Bank of Nova Scotia Trust Co | 789,937 | $25.2M | 2.35% | +17,051+2.2% | Added |
| Yaupon Capital Management LP | 822,752 | $26.3M | 1.36% | +28,651+3.6% | Added |
| Korea Investment CORP | 847,192 | $27.1M | 0.06% | +14,750+1.8% | Added |
| Royal London Asset Management Ltd | 863,529 | $27.6M | 0.06% | −4,955−0.6% | Reduced |
| Qube Research & Technologies Ltd | 914,879 | $29.2M | 0.04% | −706,835−43.6% | Reduced |
| Capital International Inc | 931,845 | $29.8M | 0.24% | +81,642+9.6% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 956,117 | $30.6M | 1.82% | +17,717+1.9% | Added |
| Capital International Investors | 957,560 | $30.6M | 0.00% | −20,083−2.1% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 978,382 | $31.3M | 0.07% | +75,601+8.4% | Added |
| Millennium Management LLC | 979,887 | $31.3M | 0.02% | +631,564+181.3% | Added |
| HSBC Holdings PLC | 988,015 | $31.6M | 0.02% | +14,201+1.5% | Added |
| Goehring & Rozencwajg Associates, LLC | 1,004,981 | $32.2M | 3.87% | +443,339+78.9% | Added |
| Baskin Financial Services Inc. | 1,029,854 | $32.9M | 2.42% | +15,354+1.5% | Added |
| NewEdge Wealth, LLC | 1,042,659 | $33.2M | 0.48% | +31,154+3.1% | Added |
| American Century Companies Inc | 1,097,473 | $35.1M | 0.02% | +247,352+29.1% | Added |
| Wells Fargo & Company | 1,239,489 | $39.7M | 0.01% | −20,223−1.6% | Reduced |
| GW&K Investment Management, LLC | 1,316,628 | $42.1M | 0.37% | −15,753−1.2% | Reduced |
| SIG North Trading, ULC | 1,331,735 | $42.6M | 6.56% | +392,460+41.8% | Added |
| Jane Street Group, LLC | 1,417,526 | $45.3M | 0.05% | +1,125,451+385.3% | Added |
| Miller Howard Investments Inc | 1,432,822 | $45.8M | 1.40% | −18,518−1.3% | Reduced |
| Raymond James Financial Inc | 1,440,141 | $46.0M | 0.01% | +125,114+9.5% | Added |
| DekaBank Deutsche Girozentrale | 1,427,745 | $46.3M | 0.08% | 00.0% | Unchanged |
| First Manhattan Co | 1,449,824 | $46.9M | 0.12% | +45,414+3.2% | Added |
| Fiera Capital Corp | 1,469,708 | $47.1M | 0.15% | −512,872−25.9% | Reduced |
| Citigroup Inc | 1,568,652 | $50.2M | 0.03% | +619,008+65.2% | Added |
| Russell Investments Group, Ltd. | 1,614,943 | $51.6M | 0.06% | −438,117−21.3% | Reduced |
| Envestnet Asset Management Inc | 1,616,219 | $51.7M | 0.01% | +43,356+2.8% | Added |
| Two Sigma Advisers, LP | 1,713,958 | $54.8M | 0.11% | −411,000−19.3% | Reduced |
| Marathon Asset Mgmt Ltd | 1,692,101 | $54.8M | 2.02% | −98,054−5.5% | Reduced |
| Principal Financial Group Inc | 1,716,038 | $54.9M | 0.03% | +33,609+2.0% | Added |
| Intact Investment Management Inc. | 1,718,220 | $54.9M | 1.66% | +143,550+9.1% | Added |
| BlackRock, Inc. | 1,829,892 | $58.5M | 0.00% | +57,885+3.3% | Added |
| State of Tennessee, Treasury Department | 1,839,812 | $58.8M | 0.20% | −3,600−0.2% | Reduced |
| Deutsche Bank AG | 2,027,479 | $64.8M | 0.02% | −1,810,145−47.2% | Reduced |
| Nearwater Capital Markets, Ltd | 2,045,000 | $65.5M | 0.88% | +2,045,000 | New |
| Dixon Mitchell Investment Counsel Inc. | 2,151,019 | $69.8M | 2.48% | −21,520−1.0% | Reduced |
| Nuveen, LLC | 2,210,902 | $70.7M | 0.02% | −1,117−0.1% | Reduced |
| Brandywine Global Investment Management, LLC | 2,304,399 | $73.7M | 0.51% | −8,890−0.4% | Reduced |
| Barclays PLC | 2,336,706 | $74.7M | 0.03% | +1,097,013+88.5% | Added |
| Crawford Investment Counsel Inc | 2,340,051 | $74.8M | 1.24% | +7,672+0.3% | Added |
| Clearbridge Investments, LLC | 2,367,150 | $75.7M | 0.06% | +207,735+9.6% | Added |
| Guardian Capital LP | 2,456,263 | $78.6M | 2.54% | +112,709+4.8% | Added |
| Alberta Investment Management Corp | 2,572,800 | $82.2M | 0.60% | −1,407,000−35.4% | Reduced |
| Ingalls & Snyder LLC | 2,579,525 | $82.4M | 2.71% | −19,288−0.7% | Reduced |
| Aviso Financial Inc. | 2,609,357 | $83.4M | 3.39% | +13,756+0.5% | Added |
| UBS Group AG | 2,622,958 | $83.8M | 0.02% | −2,810,438−51.7% | Reduced |
| Bank of Nova Scotia | 2,758,285 | $88.3M | 0.16% | −2,334,946−45.8% | Reduced |
| Voloridge Investment Management, LLC | 2,886,968 | $92.3M | 0.31% | +371,001+14.7% | Added |
| Addenda Capital Inc. | 2,175,075 | $98.1M | 2.90% | −195,810−8.3% | Reduced |
| Northern Trust Corp | 3,185,422 | $101.8M | 0.01% | +76,329+2.5% | Added |
| Two Sigma Investments, LP | 3,354,020 | $107.2M | 0.16% | −154,773−4.4% | Reduced |
| Federation des caisses Desjardins du Quebec | 3,411,162 | $109.1M | 0.43% | −1,543,573−31.2% | Reduced |
| MUFG Securities (Canada), Ltd. | 3,456,929 | $110.5M | 3.09% | −94,143−2.7% | Reduced |
| Bank of New York Mellon Corp | 3,902,282 | $124.7M | 0.02% | −282,909−6.8% | Reduced |
| Massachusetts Financial Services Co | 4,161,061 | $133.0M | 0.04% | −438,863−9.5% | Reduced |
| Agf Management Ltd | 4,152,394 | $140.9M | 0.62% | −815,959−16.4% | Reduced |
| British Columbia Investment Management Corp | 4,616,458 | $147.6M | 0.85% | +70,304+1.5% | Added |
| WCM Investment Management, LLC | 4,633,966 | $149.7M | 0.31% | +7230.0% | Added |
| Picton Mahoney Asset Management | 5,170,054 | $165.3M | 2.11% | −23,446−0.5% | Reduced |
| Invesco Ltd. | 5,710,927 | $182.5M | 0.03% | +36,186+0.6% | Added |
| Canoe Financial LP | 5,721,033 | $182.9M | 2.61% | −410,569−6.7% | Reduced |
| Boston Partners | 6,007,184 | $192.3M | 0.20% | +119,622+2.0% | Added |
| Swiss National Bank | 6,022,562 | $192.7M | 0.11% | −356,900−5.6% | Reduced |
| Arrowstreet Capital, Limited Partnership | 6,257,570 | $200.0M | 0.13% | −663,597−9.6% | Reduced |