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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.

Institutional holdersQ3 2025: 636 institutions
Q1 2021: 346 institutionsQ2 2021: 367 institutionsQ3 2021: 384 institutionsQ4 2021: 422 institutionsQ1 2022: 446 institutionsQ2 2022: 459 institutionsQ3 2022: 453 institutionsQ4 2022: 501 institutionsQ1 2023: 508 institutionsQ2 2023: 503 institutionsQ3 2023: 535 institutionsQ4 2023: 564 institutionsQ1 2024: 600 institutionsQ2 2024: 614 institutionsQ3 2024: 622 institutionsQ4 2024: 627 institutionsQ1 2025: 624 institutionsQ2 2025: 621 institutionsQ3 2025: 636 institutionsQ4 2025: 676 institutionsQ1 2026: 745 institutionsQ2 2026: 749 institutions
Value heldQ3 2025: $46.9B
Q1 2021: $25.1BQ2 2021: $29.2BQ3 2021: $29.7BQ4 2021: $34.2BQ1 2022: $51.2BQ2 2022: $44.1BQ3 2022: $37.2BQ4 2022: $45.5BQ1 2023: $45.5BQ2 2023: $46.0BQ3 2023: $52.8BQ4 2023: $52.4BQ1 2024: $61.7BQ2 2024: $55.6BQ3 2024: $50.4BQ4 2024: $45.2BQ1 2025: $47.4BQ2 2025: $46.7BQ3 2025: $46.9BQ4 2025: $49.6BQ1 2026: $77.1BQ2 2026: $59.8B
Institutions holding CNQ and their total value by quarter
QuarterHoldersValue
Q2 2026749$59.8B
Q1 2026745$77.1B
Q4 2025676$49.6B
Q3 2025636$46.9B
Q2 2025621$46.7B
Q1 2025624$47.4B
Q4 2024627$45.2B
Q3 2024622$50.4B
Q2 2024614$55.6B
Q1 2024600$61.7B
Q4 2023564$52.4B
Q3 2023535$52.8B
Q2 2023503$46.0B
Q1 2023508$45.5B
Q4 2022501$45.5B
Q3 2022453$37.2B
Q2 2022459$44.1B
Q1 2022446$51.2B
Q4 2021422$34.2B
Q3 2021384$29.7B
Q2 2021367$29.2B
Q1 2021346$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.

Institutions holding CNQ in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Tower Research Capital LLC (TRC)114,704$3.67M0.10%+38,353+50.2%Added
Buttonwood Financial Advisors Inc.114,153$3.65M1.26%+10,273+9.9%Added
AXA Investment Managers S.A.110,368$3.53M0.01%+110,368New
Lorne Steinberg Wealth Management Inc.110,232$3.52M0.85%+23,022+26.4%Added
Pathstone Holdings, LLC108,629$3.47M0.01%+1,328+1.2%Added
Graham Capital Management, L.P.107,142$3.42M0.13%−101,817−48.7%Reduced
Bessemer Group Inc104,215$3.33M0.01%−19,639−15.9%Reduced
Aventail Capital Group, LP101,236$3.24M0.15%00.0%Unchanged
Brinker Capital Investments, LLC99,374$3.18M0.02%+700+0.7%Added
Mitsubishi UFJ Trust & Banking Corp99,200$3.17M0.01%−171,000−63.3%Reduced
Cypress Capital Group97,370$3.11M0.37%+3,870+4.1%Added
Adams Natural Resources Fund, Inc.97,000$3.10M0.47%00.0%Unchanged
JCIC Asset Management Inc.96,422$3.08M0.96%+96,422New
HighTower Advisors, LLC95,310$3.05M0.00%−14,440−13.2%Reduced
Gold Investment Management Ltd.95,101$3.04M1.02%+1,261+1.3%Added
Peak Financial Advisors LLC94,972$3.04M1.46%+9,103+10.6%Added
Acadian Asset Management LLC93,900$3.00M0.01%−499,566−84.2%Reduced
Ensign Peak Advisors, Inc91,200$2.92M0.00%−42,100−31.6%Reduced
Kornitzer Capital Management Inc89,395$2.86M0.06%+3,195+3.7%Added
Burgundy Asset Management Ltd.89,097$2.82M0.03%+13,962+18.6%Added
Westerkirk Capital Inc.87,950$2.81M0.32%−18,400−17.3%Reduced
Ninepoint Partners LP86,196$2.75M0.38%−4,138−4.6%Reduced
Immersion Capital LLP85,874$2.74M2.82%00.0%Unchanged
American Trust84,817$2.71M0.23%−1,004−1.2%Reduced
Dakota Wealth Management83,887$2.68M0.05%−13,403−13.8%Reduced
Man Group plc83,800$2.68M0.01%+83,800New
Capital International Ltd81,989$2.62M0.09%00.0%Unchanged
US Bancorp79,368$2.54M0.00%−15,595−16.4%Reduced
Merrion Investment Management Co, LLC78,800$2.52M1.44%00.0%Unchanged
Aviva PLC78,269$2.50M0.00%−1,087−1.4%Reduced
The PNC Financial Services Group, Inc.78,041$2.49M0.00%−11,932−13.3%Reduced
SEI Investments Co77,861$2.49M0.00%+12,644+19.4%Added
Empowered Funds, LLC77,798$2.49M0.03%−1,068−1.4%Reduced
Numerai GP LLC77,164$2.47M0.35%+39,049+102.5%Added
XTX Topco Ltd76,935$2.46M0.13%+76,935New
GWM Advisors LLC76,256$2.44M0.01%+14,364+23.2%Added
MGB Wealth Management, LLC75,058$2.40M0.68%−1,475−1.9%Reduced
Obermeyer Wood Investment Counsel, LLLP74,203$2.37M0.11%+2,728+3.8%Added
Voleon Capital Management LP73,552$2.35M0.06%+73,552New
Carnegie Capital Asset Management, LLC72,288$2.31M0.04%+699+1.0%Added
Sumitomo Mitsui Trust Holdings, Inc.68,804$2.20M0.00%+3,636+5.6%Added
Nikko Asset Management Americas, Inc.68,804$2.20M0.02%+3,636+5.6%Added
Jarislowsky, Fraser Ltd66,366$2.12M0.01%+16,327+32.6%Added
Marshall Wace, LLP66,411$2.12M0.00%−147,195−68.9%Reduced
Woodbridge Co Ltd66,000$2.11M0.00%00.0%Unchanged
Roundview Capital LLC65,349$2.09M0.13%−645−1.0%Reduced
JustInvest LLC65,190$2.08M0.02%−9,590−12.8%Reduced
Kestra Advisory Services, LLC65,179$2.08M0.01%−6,333−8.9%Reduced
Forum Financial Management, LP65,004$2.08M0.03%+189+0.3%Added
PKO Investment Management Joint-Stock Co63,400$2.03M0.17%00.0%Unchanged
Verdence Capital Advisors LLC64,381$2.03M0.12%+5,490+9.3%Added
MML Investors Services, LLC60,989$1.95M0.01%−1,162−1.9%Reduced
Snowden Capital Advisors LLC59,610$1.93M0.05%−949−1.6%Reduced
Voya Investment Management LLC60,270$1.93M0.00%−18,084−23.1%Reduced
Recurrent Investment Advisors LLC59,242$1.89M0.15%00.0%Unchanged
Solstein Capital, LLC55,764$1.78M0.82%00.0%Unchanged
Quadrant Capital Group LLC55,544$1.78M0.06%+131+0.2%Added
Equitable Trust Co55,542$1.78M0.08%−840−1.5%Reduced
RD Lewis Holdings, Inc.54,469$1.77M1.66%+3,357+6.6%Added
Truist Financial Corp54,052$1.73M0.00%−1,982−3.5%Reduced
Ieq Capital, LLC53,258$1.70M0.01%+33,039+163.4%Added
Rockingstone Advisors LLC53,015$1.69M0.84%+200.0%Added
Susquehanna International Group, LLP51,752$1.65M0.00%−45,335−46.7%Reduced
Spears Abacus Advisors LLC51,634$1.65M0.03%+218+0.4%Added
Oppenheimer & Co Inc51,247$1.64M0.02%+2,688+5.5%Added
Aigen Investment Management, LP36,477$1.62M0.25%+36,477New
CIBC Private Wealth Group, LLC50,252$1.61M0.00%+1,488+3.1%Added
UniSuper Management Pty Ltd35,900$1.60M0.01%00.0%Unchanged
Johnson Investment Counsel Inc49,850$1.59M0.01%+49,850New
Lee Financial Co49,449$1.58M0.20%−495−1.0%Reduced
CenterBook Partners LP48,931$1.56M0.08%+16,372+50.3%Added
Bleakley Financial Group, LLC48,912$1.56M0.04%+8,480+21.0%Added
Ashton Thomas Private Wealth, LLC47,606$1.54M0.04%−123−0.3%Reduced
Qtron Investments LLC47,831$1.53M0.19%+1,088+2.3%Added
Klein Pavlis & Peasley Financial, Inc.47,451$1.52M0.93%−57−0.1%Reduced
Value Partners Investments Inc.47,343$1.51M0.12%+1,542+3.4%Added
Advisors Asset Management, Inc.47,201$1.51M0.03%+2,122+4.7%Added
Sustainable Insight Capital Management, LLC45,092$1.44M0.45%+3,292+7.9%Added
Park Avenue Securities LLC44,712$1.43M0.01%+1,151+2.6%Added
Investors Research Corp44,550$1.42M0.26%00.0%Unchanged
Vise Technologies, Inc.43,891$1.40M0.05%+623+1.4%Added
Assenagon Asset Management S.A.43,786$1.40M0.00%−617−1.4%Reduced
Signaturefd, LLC43,818$1.40M0.02%+513+1.2%Added
Verition Fund Management LLC43,650$1.40M0.01%+14,291+48.7%Added
Ted Buchan & Co43,554$1.39M0.55%+2,548+6.2%Added
Entropy Technologies, LP41,558$1.33M0.10%+19,704+90.2%Added
Captrust Financial Advisors41,048$1.31M0.00%−11,761−22.3%Reduced
Wealth Enhancement Advisory Services, LLC39,308$1.29M0.00%+3,710+10.4%Added
111 Capital39,228$1.25M0.24%+39,228New
Glenmede Investment Management, LP39,003$1.25M0.01%+59+0.2%Added
Hurley Capital, LLC38,621$1.23M0.70%+34,651+872.8%Added
Mainstay Capital Management LLC38,580$1.23M0.12%−40,092−51.0%Reduced
Ewing Morris & Co. Investment Partners Ltd.37,951$1.23M0.53%−1,171−3.0%Reduced
Steadtrust LLC38,380$1.23M0.83%00.0%Unchanged
Van Eck Associates Corp38,096$1.22M0.00%+5,874+18.2%Added
Cigna Investments Inc37,937$1.21M0.17%00.0%Unchanged
Salem Investment Counselors Inc37,400$1.21M0.03%−237−0.6%Reduced
Wahed Invest LLC37,861$1.21M0.17%+3,909+11.5%Added
Ameriprise Financial Inc37,776$1.21M0.00%−1,080−2.8%Reduced
Leo Wealth, LLC37,549$1.20M0.16%+37,549New