| 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.
| 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.
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