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, Q4 2025
Institutional positions in Canadian Natural Resources Ltd as of Dec 31, 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
- 676
- +52 vs. Q3 2025
- Shares held
- 1.46B
- −4.96M (−0.3%) vs. Q3 2025
- Total value
- $49.6B
- +$2.75B (+5.9%) vs. Q3 2025
- New holders
- 121
- 239 more added
- Sold out
- 69
- 211 more reduced
12 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Canadian Natural Resources Ltd; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 199,820,601 | $6.77B | 0.92% | −3,513,338−1.7% | Reduced |
| Capital Research Global Investors | 146,331,336 | $4.96B | 0.91% | +35,067,143+31.5% | Added |
| Royal Bank of Canada | 112,782,200 | $3.82B | 0.67% | −20,900,327−15.6% | Reduced |
| Vanguard Group Inc | 93,305,198 | $3.16B | 0.05% | +818,809+0.9% | Added |
| FMR LLC | 91,223,138 | $3.09B | 0.16% | +14,309,894+18.6% | Added |
| Bank of Montreal | 69,490,752 | $2.35B | 0.96% | −10,777,918−13.4% | Reduced |
| CIBC World Markets Inc. | 44,146,600 | $1.50B | 2.68% | +21,338,041+93.6% | Added |
| Fisher Asset Management, LLC | 42,745,981 | $1.45B | 0.49% | +1,342,954+3.2% | Added |
| Canada Pension Plan Investment Board | 41,023,224 | $1.39B | 0.93% | −136,483−0.3% | Reduced |
| TD Asset Management Inc | 37,945,726 | $1.29B | 1.04% | −989,538−2.5% | Reduced |
| T. Rowe Price Investment Management, Inc. | 34,178,745 | $1.16B | 0.73% | −7,180,282−17.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 34,060,000 | $1.15B | 1.95% | −260,000−0.8% | Reduced |
| 1832 Asset Management L.P. | 31,482,179 | $1.07B | 1.35% | +559,368+1.8% | Added |
| Mackenzie Financial Corp | 30,927,340 | $1.05B | 1.24% | −91,849−0.3% | Reduced |
| Manufacturers Life Insurance Company, The | 28,899,810 | $980.9M | 0.81% | −1,429,195−4.7% | Reduced |
| Geode Capital Management, LLC | 20,518,621 | $710.1M | 0.04% | +1,347,844+7.0% | Added |
| Yacktman Asset Management LP | 18,775,420 | $635.5M | 8.90% | −2,133,091−10.2% | Reduced |
| National Bank of Canada | 18,566,785 | $628.2M | 0.64% | +5,790,337+45.3% | Added |
| Toronto Dominion Bank | 18,515,655 | $627.1M | 1.11% | −13,098,071−41.4% | Reduced |
| CIBC Asset Management Inc | 17,003,831 | $578.5M | 1.40% | −3,247,605−16.0% | Reduced |
| JPMorgan Chase & Co | 14,308,539 | $484.3M | 0.03% | +260,746+1.9% | Added |
| Massachusetts Financial Services Co | 11,616,347 | $393.2M | 0.13% | +7,455,286+179.2% | Added |
| Morgan Stanley | 10,946,534 | $370.5M | 0.02% | −288,051−2.6% | Reduced |
| FIL Ltd | 10,600,859 | $359.1M | 0.27% | −4,282,541−28.8% | Reduced |
| Dimensional Fund Advisors LP | 9,555,467 | $323.5M | 0.07% | +250,684+2.7% | Added |
| Wellington Management Group LLP | 9,551,007 | $323.4M | 0.06% | −444,640−4.4% | Reduced |
| Scotia Capital Inc. | 9,052,806 | $306.4M | 1.23% | +680,785+8.1% | Added |
| Amundi | 7,776,990 | $263.3M | 0.07% | +107,978+1.4% | Added |
| Legal & General Group Plc | 7,632,656 | $258.9M | 0.06% | −825,334−9.8% | Reduced |
| Janus Henderson Group PLC | 7,495,778 | $253.8M | 0.11% | −542,891−6.8% | Reduced |
| Charles Schwab Investment Management Inc | 6,982,395 | $236.8M | 0.04% | +202,316+3.0% | Added |
| Bank of America Corp | 6,849,876 | $231.9M | 0.02% | −2,322,997−25.3% | Reduced |
| TD Waterhouse Canada Inc. | 6,758,445 | $228.7M | 1.42% | +315,460+4.9% | Added |
| Price T Rowe Associates Inc | 6,750,206 | $228.5M | 0.02% | −418,963−5.8% | Reduced |
| Beutel, Goodman & Co Ltd. | 6,434,851 | $218.2M | 1.34% | +6,242,381+3,243.3% | Added |
| Franklin Resources Inc | 6,214,564 | $210.5M | 0.05% | −164,790−2.6% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 6,021,473 | $204.0M | 0.53% | −3,592,818−37.4% | Reduced |
| Boston Partners | 5,710,729 | $193.1M | 0.20% | −296,455−4.9% | Reduced |
| Canoe Financial LP | 5,588,945 | $189.3M | 2.57% | −132,088−2.3% | Reduced |
| Swiss National Bank | 5,536,362 | $187.9M | 0.11% | −486,200−8.1% | Reduced |
| Invesco Ltd. | 5,377,185 | $182.0M | 0.02% | −333,742−5.8% | Reduced |
| Agf Management Ltd | 4,879,368 | $173.4M | 0.75% | +726,974+17.5% | Added |
| Picton Mahoney Asset Management | 4,666,597 | $158.3M | 1.73% | −503,457−9.7% | Reduced |
| Bank of Nova Scotia | 4,380,500 | $148.4M | 0.22% | +1,622,215+58.8% | Added |
| WCM Investment Management, LLC | 4,183,999 | $141.9M | 0.29% | −449,967−9.7% | Reduced |
| BCV Asset Management Inc. | 2,490,678 | $137.4M | 3.47% | +2,490,678 | New |
| Goldman Sachs Group Inc | 3,827,522 | $129.6M | 0.02% | −15,459,273−80.2% | Reduced |
| AQR Capital Management LLC | 3,680,735 | $124.7M | 0.07% | +3,647,636+11,020.4% | Added |
| DekaBank Deutsche Girozentrale | 1,427,745 | $122.0M | 0.23% | 00.0% | Unchanged |
| Federation des caisses Desjardins du Quebec | 3,463,538 | $117.3M | 0.45% | +52,376+1.5% | Added |
| Guardian Capital LP | 3,310,091 | $112.2M | 3.33% | +853,828+34.8% | Added |
| Northern Trust Corp | 3,239,454 | $109.7M | 0.01% | +54,032+1.7% | Added |
| Bank of New York Mellon Corp | 3,227,229 | $109.2M | 0.02% | −675,053−17.3% | Reduced |
| MUFG Securities (Canada), Ltd. | 3,171,955 | $107.5M | 2.99% | −284,974−8.2% | Reduced |
| UBS Group AG | 2,887,806 | $97.8M | 0.02% | +264,848+10.1% | Added |
| Addenda Capital Inc. | 1,913,178 | $90.1M | 2.64% | −261,897−12.0% | Reduced |
| Aviso Financial Inc. | 2,653,439 | $89.9M | 3.42% | +44,082+1.7% | Added |
| Clearbridge Investments, LLC | 2,545,271 | $86.2M | 0.07% | +178,121+7.5% | Added |
| Ingalls & Snyder LLC | 2,401,340 | $81.3M | 3.00% | −178,185−6.9% | Reduced |
| Barclays PLC | 2,384,204 | $80.7M | 0.03% | +47,498+2.0% | Added |
| Crawford Investment Counsel Inc | 2,376,635 | $80.4M | 1.34% | +36,584+1.6% | Added |
| Voloridge Investment Management, LLC | 2,352,288 | $79.6M | 0.28% | −534,680−18.5% | Reduced |
| Brandywine Global Investment Management, LLC | 2,285,276 | $77.4M | 0.52% | −19,123−0.8% | Reduced |
| Nuveen, LLC | 2,210,902 | $75.0M | 0.02% | 00.0% | Unchanged |
| Purpose Unlimited Inc. | 2,173,764 | $73.6M | 3.37% | +2,173,764 | New |
| Dixon Mitchell Investment Counsel Inc. | 2,126,037 | $73.0M | 2.41% | −24,982−1.2% | Reduced |
| Deutsche Bank AG | 2,113,071 | $71.5M | 0.02% | +85,592+4.2% | Added |
| Alberta Investment Management Corp | 2,025,500 | $68.6M | 0.41% | −547,300−21.3% | Reduced |
| BlackRock, Inc. | 1,973,857 | $66.8M | 0.00% | +143,965+7.9% | Added |
| State of Tennessee, Treasury Department | 1,771,015 | $66.2M | 0.21% | −68,797−3.7% | Reduced |
| Goehring & Rozencwajg Associates, LLC | 1,902,413 | $64.4M | 6.38% | +897,432+89.3% | Added |
| British Columbia Investment Management Corp | 1,648,978 | $55.9M | 0.30% | −2,967,480−64.3% | Reduced |
| Principal Financial Group Inc | 1,626,182 | $55.2M | 0.03% | −89,856−5.2% | Reduced |
| Marathon Asset Mgmt Ltd | 1,600,148 | $54.9M | 2.11% | −91,953−5.4% | Reduced |
| Russell Investments Group, Ltd. | 1,616,694 | $54.8M | 0.06% | +1,751+0.1% | Added |
| Capital International Investors | 1,609,863 | $54.5M | 0.01% | +652,303+68.1% | Added |
| Two Sigma Investments, LP | 1,537,075 | $52.0M | 0.08% | −1,816,945−54.2% | Reduced |
| Raymond James Financial Inc | 1,499,115 | $50.7M | 0.02% | +58,974+4.1% | Added |
| Envestnet Asset Management Inc | 1,486,931 | $50.3M | 0.01% | −129,288−8.0% | Reduced |
| First Manhattan Co | 1,401,603 | $48.0M | 0.13% | −48,221−3.3% | Reduced |
| Miller Howard Investments Inc | 1,384,034 | $46.8M | 1.41% | −48,788−3.4% | Reduced |
| Wells Fargo & Company | 1,358,767 | $46.1M | 0.01% | +119,278+9.6% | Added |
| Citadel Advisors LLC | 1,354,448 | $45.8M | 0.03% | +678,013+100.2% | Added |
| GW&K Investment Management, LLC | 1,309,506 | $44.3M | 0.38% | −7,122−0.5% | Reduced |
| Fiera Capital Corp | 1,293,745 | $43.8M | 0.14% | −175,963−12.0% | Reduced |
| American Century Companies Inc | 1,258,934 | $42.6M | 0.02% | +161,461+14.7% | Added |
| Delaney Capital Management Ltd. | 1,133,064 | $38.4M | 6.37% | +1,133,064 | New |
| NewEdge Wealth, LLC | 1,065,820 | $36.1M | 0.41% | +23,161+2.2% | Added |
| SIG North Trading, ULC | 1,059,826 | $35.9M | 6.28% | −271,909−20.4% | Reduced |
| Baskin Financial Services Inc. | 1,026,851 | $34.8M | 2.62% | −3,003−0.3% | Reduced |
| Capital International Inc | 950,104 | $32.2M | 0.25% | +18,259+2.0% | Added |
| Intact Investment Management Inc. | 925,590 | $31.3M | 0.90% | −792,630−46.1% | Reduced |
| Lincluden Management Ltd | 673,512 | $31.3M | 2.66% | −26,570−3.8% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 912,594 | $31.0M | 0.07% | −65,788−6.7% | Reduced |
| Bank of Nova Scotia Trust Co | 885,404 | $30.0M | 2.61% | +95,467+12.1% | Added |
| Royal London Asset Management Ltd | 871,384 | $29.5M | 0.06% | +7,855+0.9% | Added |
| Citigroup Inc | 793,182 | $26.9M | 0.02% | −775,470−49.4% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 791,781 | $26.8M | 1.84% | −164,336−17.2% | Reduced |
| Korea Investment CORP | 786,792 | $26.7M | 0.05% | −60,400−7.1% | Reduced |
| Old West Investment Management, LLC | 768,396 | $26.0M | 4.64% | +259,805+51.1% | Added |