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 International Investors | 1,609,863 | $54.5M | 0.01% | +652,303+68.1% | Added |
| Russell Investments Group, Ltd. | 1,616,694 | $54.8M | 0.06% | +1,751+0.1% | Added |
| Marathon Asset Mgmt Ltd | 1,600,148 | $54.9M | 2.11% | −91,953−5.4% | Reduced |
| Principal Financial Group Inc | 1,626,182 | $55.2M | 0.03% | −89,856−5.2% | Reduced |
| British Columbia Investment Management Corp | 1,648,978 | $55.9M | 0.30% | −2,967,480−64.3% | Reduced |
| Goehring & Rozencwajg Associates, LLC | 1,902,413 | $64.4M | 6.38% | +897,432+89.3% | Added |
| State of Tennessee, Treasury Department | 1,771,015 | $66.2M | 0.21% | −68,797−3.7% | Reduced |
| BlackRock, Inc. | 1,973,857 | $66.8M | 0.00% | +143,965+7.9% | Added |
| Alberta Investment Management Corp | 2,025,500 | $68.6M | 0.41% | −547,300−21.3% | Reduced |
| Deutsche Bank AG | 2,113,071 | $71.5M | 0.02% | +85,592+4.2% | Added |
| Dixon Mitchell Investment Counsel Inc. | 2,126,037 | $73.0M | 2.41% | −24,982−1.2% | Reduced |
| Purpose Unlimited Inc. | 2,173,764 | $73.6M | 3.37% | +2,173,764 | New |
| Nuveen, LLC | 2,210,902 | $75.0M | 0.02% | 00.0% | Unchanged |
| Brandywine Global Investment Management, LLC | 2,285,276 | $77.4M | 0.52% | −19,123−0.8% | Reduced |
| Voloridge Investment Management, LLC | 2,352,288 | $79.6M | 0.28% | −534,680−18.5% | Reduced |
| Crawford Investment Counsel Inc | 2,376,635 | $80.4M | 1.34% | +36,584+1.6% | Added |
| Barclays PLC | 2,384,204 | $80.7M | 0.03% | +47,498+2.0% | Added |
| Ingalls & Snyder LLC | 2,401,340 | $81.3M | 3.00% | −178,185−6.9% | Reduced |
| Clearbridge Investments, LLC | 2,545,271 | $86.2M | 0.07% | +178,121+7.5% | Added |
| Aviso Financial Inc. | 2,653,439 | $89.9M | 3.42% | +44,082+1.7% | Added |
| Addenda Capital Inc. | 1,913,178 | $90.1M | 2.64% | −261,897−12.0% | Reduced |
| UBS Group AG | 2,887,806 | $97.8M | 0.02% | +264,848+10.1% | Added |
| MUFG Securities (Canada), Ltd. | 3,171,955 | $107.5M | 2.99% | −284,974−8.2% | Reduced |
| Bank of New York Mellon Corp | 3,227,229 | $109.2M | 0.02% | −675,053−17.3% | Reduced |
| Northern Trust Corp | 3,239,454 | $109.7M | 0.01% | +54,032+1.7% | Added |
| Guardian Capital LP | 3,310,091 | $112.2M | 3.33% | +853,828+34.8% | Added |
| Federation des caisses Desjardins du Quebec | 3,463,538 | $117.3M | 0.45% | +52,376+1.5% | Added |
| DekaBank Deutsche Girozentrale | 1,427,745 | $122.0M | 0.23% | 00.0% | Unchanged |
| AQR Capital Management LLC | 3,680,735 | $124.7M | 0.07% | +3,647,636+11,020.4% | Added |
| Goldman Sachs Group Inc | 3,827,522 | $129.6M | 0.02% | −15,459,273−80.2% | Reduced |
| BCV Asset Management Inc. | 2,490,678 | $137.4M | 3.47% | +2,490,678 | New |
| WCM Investment Management, LLC | 4,183,999 | $141.9M | 0.29% | −449,967−9.7% | Reduced |
| Bank of Nova Scotia | 4,380,500 | $148.4M | 0.22% | +1,622,215+58.8% | Added |
| Picton Mahoney Asset Management | 4,666,597 | $158.3M | 1.73% | −503,457−9.7% | Reduced |
| Agf Management Ltd | 4,879,368 | $173.4M | 0.75% | +726,974+17.5% | Added |
| Invesco Ltd. | 5,377,185 | $182.0M | 0.02% | −333,742−5.8% | Reduced |
| Swiss National Bank | 5,536,362 | $187.9M | 0.11% | −486,200−8.1% | Reduced |
| Canoe Financial LP | 5,588,945 | $189.3M | 2.57% | −132,088−2.3% | Reduced |
| Boston Partners | 5,710,729 | $193.1M | 0.20% | −296,455−4.9% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 6,021,473 | $204.0M | 0.53% | −3,592,818−37.4% | Reduced |
| Franklin Resources Inc | 6,214,564 | $210.5M | 0.05% | −164,790−2.6% | Reduced |
| Beutel, Goodman & Co Ltd. | 6,434,851 | $218.2M | 1.34% | +6,242,381+3,243.3% | Added |
| Price T Rowe Associates Inc | 6,750,206 | $228.5M | 0.02% | −418,963−5.8% | Reduced |
| TD Waterhouse Canada Inc. | 6,758,445 | $228.7M | 1.42% | +315,460+4.9% | Added |
| Bank of America Corp | 6,849,876 | $231.9M | 0.02% | −2,322,997−25.3% | Reduced |
| Charles Schwab Investment Management Inc | 6,982,395 | $236.8M | 0.04% | +202,316+3.0% | Added |
| Janus Henderson Group PLC | 7,495,778 | $253.8M | 0.11% | −542,891−6.8% | Reduced |
| Legal & General Group Plc | 7,632,656 | $258.9M | 0.06% | −825,334−9.8% | Reduced |
| Amundi | 7,776,990 | $263.3M | 0.07% | +107,978+1.4% | Added |
| Scotia Capital Inc. | 9,052,806 | $306.4M | 1.23% | +680,785+8.1% | Added |
| Wellington Management Group LLP | 9,551,007 | $323.4M | 0.06% | −444,640−4.4% | Reduced |
| Dimensional Fund Advisors LP | 9,555,467 | $323.5M | 0.07% | +250,684+2.7% | Added |
| FIL Ltd | 10,600,859 | $359.1M | 0.27% | −4,282,541−28.8% | Reduced |
| Morgan Stanley | 10,946,534 | $370.5M | 0.02% | −288,051−2.6% | Reduced |
| Massachusetts Financial Services Co | 11,616,347 | $393.2M | 0.13% | +7,455,286+179.2% | Added |
| JPMorgan Chase & Co | 14,308,539 | $484.3M | 0.03% | +260,746+1.9% | Added |
| CIBC Asset Management Inc | 17,003,831 | $578.5M | 1.40% | −3,247,605−16.0% | Reduced |
| Toronto Dominion Bank | 18,515,655 | $627.1M | 1.11% | −13,098,071−41.4% | Reduced |
| National Bank of Canada | 18,566,785 | $628.2M | 0.64% | +5,790,337+45.3% | Added |
| Yacktman Asset Management LP | 18,775,420 | $635.5M | 8.90% | −2,133,091−10.2% | Reduced |
| Geode Capital Management, LLC | 20,518,621 | $710.1M | 0.04% | +1,347,844+7.0% | Added |
| Manufacturers Life Insurance Company, The | 28,899,810 | $980.9M | 0.81% | −1,429,195−4.7% | Reduced |
| Mackenzie Financial Corp | 30,927,340 | $1.05B | 1.24% | −91,849−0.3% | Reduced |
| 1832 Asset Management L.P. | 31,482,179 | $1.07B | 1.35% | +559,368+1.8% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 34,060,000 | $1.15B | 1.95% | −260,000−0.8% | Reduced |
| T. Rowe Price Investment Management, Inc. | 34,178,745 | $1.16B | 0.73% | −7,180,282−17.4% | Reduced |
| TD Asset Management Inc | 37,945,726 | $1.29B | 1.04% | −989,538−2.5% | Reduced |
| Canada Pension Plan Investment Board | 41,023,224 | $1.39B | 0.93% | −136,483−0.3% | Reduced |
| Fisher Asset Management, LLC | 42,745,981 | $1.45B | 0.49% | +1,342,954+3.2% | Added |
| CIBC World Markets Inc. | 44,146,600 | $1.50B | 2.68% | +21,338,041+93.6% | Added |
| Bank of Montreal | 69,490,752 | $2.35B | 0.96% | −10,777,918−13.4% | Reduced |
| FMR LLC | 91,223,138 | $3.09B | 0.16% | +14,309,894+18.6% | Added |
| Vanguard Group Inc | 93,305,198 | $3.16B | 0.05% | +818,809+0.9% | Added |
| Royal Bank of Canada | 112,782,200 | $3.82B | 0.67% | −20,900,327−15.6% | Reduced |
| Capital Research Global Investors | 146,331,336 | $4.96B | 0.91% | +35,067,143+31.5% | Added |
| Capital World Investors | 199,820,601 | $6.77B | 0.92% | −3,513,338−1.7% | Reduced |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −6,257,570−100.0% | Sold out |
| Nearwater Capital Markets, Ltd | 0 | $0 | 0.00% | −2,045,000−100.0% | Sold out |
| HSBC Holdings PLC | 0 | $0 | 0.00% | −988,015−100.0% | Sold out |
| Yaupon Capital Management LP | 0 | $0 | 0.00% | −822,752−100.0% | Sold out |
| Parkwood LLC | 0 | $0 | 0.00% | −654,874−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −617,770−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −545,438−100.0% | Sold out |
| SIR Capital Management, L.P. | 0 | $0 | 0.00% | −438,100−100.0% | Sold out |
| Davis-Rea Ltd. | 0 | $0 | 0.00% | −304,380−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −188,700−100.0% | Sold out |
| Squarepoint Ops LLC | 0 | $0 | 0.00% | −169,583−100.0% | Sold out |
| Merewether Investment Management, LP | 0 | $0 | 0.00% | −168,463−100.0% | Sold out |
| Schonfeld Strategic Advisors LLC | 0 | $0 | 0.00% | −115,428−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −77,798−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −66,411−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −51,752−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −36,477−100.0% | Sold out |
| Klein Pavlis & Peasley Financial, Inc. | 0 | $0 | 0.00% | −47,451−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −43,650−100.0% | Sold out |
| Entropy Technologies, LP | 0 | $0 | 0.00% | −41,558−100.0% | Sold out |
| 111 Capital | 0 | $0 | 0.00% | −39,228−100.0% | Sold out |
| Genus Capital Management Inc. | 0 | $0 | 0.00% | −35,358−100.0% | Sold out |
| Headlands Technologies LLC | 0 | $0 | 0.00% | −34,451−100.0% | Sold out |
| NJ State Employees Deferred Compensation Plan | 0 | $0 | 0.00% | −33,000−100.0% | Sold out |