Ranked by reported Q2 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 | 218.0M | $8.62B | +10.3% | 10.450% | 1.02% |
| 2 | ROYAL BANK OF CANADA | 148.8M | $5.88B | +8.0% | 7.136% | 0.88% |
| 3 | Capital Research Global Investors | 116.1M | $4.59B | -29.4% | 5.565% | 0.64% |
| 4 | BANK OF MONTREAL /CAN/ | 65.5M | $2.59B | +1.7% | 3.139% | 0.85% |
| 5 | FMR LLC | 64.2M | $2.54B | -24.6% | 3.080% | 0.11% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 58.8M | $2.33B | +1.3% | 2.818% | 0.05% |
| 7 | GOLDMAN SACHS GROUP INC | 50.8M | $2.01B | +94.2% | 2.436% | 0.17% |
| 8 | CANADA PENSION PLAN INVESTMENT BOARD | 38.6M | $1.53B | -4.1% | 1.852% | 0.84% |
| 9 | MACKENZIE FINANCIAL CORP | 27.2M | $1.53B | -0.9% | 1.304% | 1.53% |
| 10 | TD ASSET MANAGEMENT INC | 31.2M | $1.23B | -22.0% | 1.494% | 1.07% |
| 11 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 30.8M | $1.22B | -17.8% | 1.476% | 1.71% |
| 12 | CIBC WORLD MARKET INC. | 30.4M | $1.20B | -32.3% | 1.456% | 1.93% |
| 13 | 1832 Asset Management L.P. | 28.1M | $1.11B | +0.7% | 1.349% | 0.56% |
| 14 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 26.5M | $1.05B | -0.8% | 1.273% | 0.41% |
| 15 | GEODE CAPITAL MANAGEMENT, LLC | 24.1M | $983.1M | +13.2% | 1.157% | 0.05% |
| 16 | NATIONAL BANK OF CANADA /FI/ | 19.0M | $748.7M | +58.4% | 0.911% | 0.54% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 18.1M | $716.4M | +0.7% | 0.868% | 0.16% |
| 18 | CIBC Asset Management Inc | 16.7M | $662.9M | +6.5% | 0.802% | 1.45% |
| 19 | YACKTMAN ASSET MANAGEMENT LP | 16.5M | $650.3M | -0.5% | 0.789% | 8.04% |
| 20 | JPMORGAN CHASE & CO | 16.5M | $646.9M | +2.3% | 0.789% | 0.04% |
| 21 | TD Waterhouse Canada Inc. | 16.2M | $634.5M | +0.5% | 0.778% | 1.67% |
| 22 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 15.9M | $629.4M | -45.0% | 0.764% | 0.28% |
| 23 | Vanguard Global Advisers, LLC | 15.9M | $629.0M | +9.5% | 0.762% | 0.29% |
| 24 | TORONTO DOMINION BANK | 15.2M | $601.8M | -56.8% | 0.730% | 0.70% |
| 25 | MORGAN STANLEY | 15.0M | $592.6M | +47.2% | 0.719% | 0.03% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in CNQ — a direct measure of their conviction.
Filings activity in CNQ during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 751 | +0.8% | 73.00% | 3.80 pp | $58.25B | 30% |
| Q1 2026 | 745 | +11% | 76.80% | +5.75 pp | $83.24B | +71% |
| Q4 2025 | 670 | +6.5% | 71.05% | 0.95 pp | $48.72B | +5.8% |
| Q3 2025 | 629 | +3.5% | 72.00% | 40.59 pp | $46.04B | 38% |
| Q2 2025 | 608 | +0.5% | 112.59% | +38.62 pp | $73.74B | +62% |
| Q1 2025 | 605 | +0.2% | 73.97% | +3.41 pp | $45.64B | +5.9% |
| Q4 2024 | 604 | +0.2% | 70.56% | 2.48 pp | $43.08B | 11% |
| Q3 2024 | 603 | — | 73.04% | — | $48.13B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CNQ stock.
Based on Q2 2026 13F filings, institutional ownership of Canadian Natural Resources Limited stands at 73.0%, held across 751 reporting institutions.
Capital World Investors is the largest reported institutional holder of CNQ, with approximately 217,960,835 shares worth $8.62B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of CNQ.
Our composite Smart Money Score for CNQ is 27 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
87 institutions opened new positions in CNQ during Q2 2026, while 82 fully exited. 119 added to existing positions and 520 trimmed.
CNQ institutional ownership fell by 3.80 percentage points quarter-over-quarter, with a net change of +6 holders.
The top 10 institutions account for 56.4% of all reported 13F value in CNQ, and the top 25 account for 77.1%.
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.
Canadian Natural Resources Limited (CNQ) Institutional Ownership