Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in CNQ held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Capital World Investors | 197.7M | $9.64B | -1.1% | 9.477% | 1.32% |
| 2 | Capital Research Global Investors | 164.4M | $8.02B | +12.4% | 7.883% | 1.24% |
| 3 | Employees Provident Fund Board | 252K | $7.26B | β | 0.012% | 0.01% |
| 4 | ROYAL BANK OF CANADA | 137.9M | $6.72B | +8.2% | 6.609% | 1.18% |
| 5 | FMR LLC | 85.2M | $4.16B | -6.6% | 4.085% | 0.22% |
| 6 | BANK OF MONTREAL /CAN/ | 64.3M | $3.14B | -8.2% | 3.085% | 1.19% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 58.0M | $2.83B | β | 2.782% | 0.07% |
| 8 | Fisher Asset Management, LLC | 45.0M | $2.19B | +5.3% | 2.158% | 0.74% |
| 9 | CIBC World Markets Inc. | 44.9M | $2.19B | +1.0% | 2.152% | 3.57% |
| 10 | CANADA PENSION PLAN INVESTMENT BOARD | 40.3M | $1.97B | -1.8% | 1.931% | 1.27% |
| 11 | TD ASSET MANAGEMENT INC | 39.9M | $1.94B | +5.3% | 1.915% | 1.58% |
| 12 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 37.5M | $1.83B | +10.0% | 1.796% | 2.99% |
| 13 | TORONTO DOMINION BANK | 35.2M | $1.72B | +68.0% | 1.687% | 2.47% |
| 14 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 29.0M | $1.41B | β | 1.388% | 0.76% |
| 15 | 1832 Asset Management L.P. | 27.9M | $1.36B | -11.3% | 1.339% | 1.80% |
| 16 | MACKENZIE FINANCIAL CORP | 27.4M | $1.34B | -11.3% | 1.315% | 1.61% |
| 17 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 26.7M | $1.30B | -7.4% | 1.282% | 1.12% |
| 18 | GOLDMAN SACHS GROUP INC | 26.2M | $1.27B | +514.6% | 1.254% | 0.15% |
| 19 | GEODE CAPITAL MANAGEMENT, LLC | 21.3M | $1.06B | +3.9% | 1.022% | 0.07% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 18.0M | $876.9M | β | 0.862% | 0.22% |
| 21 | GQG Partners LLC | 17.6M | $853.7M | β | 0.842% | 1.35% |
| 22 | YACKTMAN ASSET MANAGEMENT LP | 16.5M | $806.1M | -11.9% | 0.793% | 10.75% |
| 23 | CIBC Asset Management Inc | 15.7M | $766.4M | -7.7% | 0.753% | 1.87% |
| 24 | TD Waterhouse Canada Inc. | 16.1M | $739.5M | +138.9% | 0.774% | 2.19% |
| 25 | Vanguard Global Advisers, LLC | 14.5M | $708.3M | β | 0.696% | 0.38% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in CNQ β a direct measure of their conviction.
Filings activity in CNQ during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new CNQ position in Q1 2026
Institutions that fully closed their CNQ position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 717 | +9.5% | 86.60% | +35.47 pp | $81.83B | +69% |
| Q4 2025 | 655 | +6.2% | 51.13% | +2.69 pp | $48.32B | +5.6% |
| Q3 2025 | 617 | +1.5% | 48.44% | 29.59 pp | $45.77B | 38% |
| Q2 2025 | 608 | +0.5% | 78.03% | +29.74 pp | $73.74B | +62% |
| Q1 2025 | 605 | +0.2% | 48.29% | +2.70 pp | $45.64B | +5.9% |
| Q4 2024 | 604 | +0.2% | 45.59% | 5.35 pp | $43.08B | 11% |
| Q3 2024 | 603 | +2.0% | 50.94% | 49.34 pp | $48.13B | 49% |
| Q2 2024 | 591 | β | 100.28% | β | $94.76B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CNQ stock.
Based on Q1 2026 13F filings, institutional ownership of Canadian Natural Resources Limited stands at 86.6%, held across 717 reporting institutions.
Capital World Investors is the largest reported institutional holder of CNQ, with approximately 197,679,763 shares worth $9.64B as of Q1 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of CNQ, including Fisher Asset Management, LLC.
Our composite Smart Money Score for CNQ is 67 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
144 institutions opened new positions in CNQ during Q1 2026, while 82 fully exited. 505 added to existing positions and 64 trimmed.
CNQ institutional ownership rose by 35.47 percentage points quarter-over-quarter, with a net change of +62 holders.
The top 10 institutions account for 58.8% of all reported 13F value in CNQ, and the top 25 account for 80.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.