CANADIAN NATURAL RESOURCES Ltd (CNQ) — Institutional Holders, Q2 2026

750 institutional investment managers reported a CNQ position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $59.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← CNQ stock profile

CNQ in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

286

Trimmed

243

Sold out

Biggest buyers

GOLDMAN SACHS GROUPAdded · +24,652,519 sh+$973.8M
Capital World InvestorsAdded · +20,281,072 sh+$801.1M
ROYAL BANK OF CANADAAdded · +12,793,594 sh+$505.3M
T. Rowe Price Investment ManagementAdded · +8,790,819 sh+$347.2M
JANE STREET GROUPAdded · +8,168,265 sh+$322.6M

Biggest sellers

Capital Research Global InvestorsTrimmed · -48,364,929 sh-$1.9B
Fisher Asset ManagementTrimmed · -43,359,229 sh-$1.7B
FMRTrimmed · -20,960,566 sh-$827.9M
TORONTO DOMINION BANKTrimmed · -19,505,681 sh-$770.5M
GQG PartnersTrimmed · -17,280,611 sh-$682.6M

CNQ 13F holders ranked 1–100 of 750

Institutional investors reporting a position in CANADIAN NATURAL RESOURCES Ltd on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	Capital World Investors#1 · 217,960,835 sh	217,960,835	$8.6B	1.02%	+10.3%
2	ROYAL BANK OF CANADA#2 · 137,606,544 sh	137,606,544	$5.4B	0.81%	+10.3%
3	Capital Research Global Investors#3 · 116,067,730 sh	116,067,730	$4.6B	0.64%	-29.4%
4	BANK OF MONTREAL#4 · 64,790,046 sh	64,790,046	$2.6B	0.84%	+1.4%
5	FMR#5 · 64,243,259 sh	64,243,259	$2.5B	0.11%	-24.6%
6	VANGUARD CAPITAL MANAGEMENT#6 · 58,776,966 sh	58,776,966	$2.3B	0.05%	+1.3%
7	GOLDMAN SACHS GROUP#7 · 50,811,234 sh	50,811,234	$2.0B	0.17%	+94.2%
8	CANADA PENSION PLAN INVESTMENT BOARD#8 · 38,636,215 sh	38,636,215	$1.5B	0.84%	-4.1%
9	MACKENZIE FINANCIAL#9 · 27,195,960 sh	27,195,960	$1.5B	1.51%	-0.9%
10	TD ASSET MANAGEMENT#10 · 31,168,077 sh	31,168,077	$1.2B	1.07%	-22.0%
11	HEALTHCARE OF ONTARIO PENSION PLAN FUND#11 · 30,793,200 sh	30,793,200	$1.2B	1.71%	-17.8%
12	CIBC WORLD MARKET#12 · 30,371,087 sh	30,371,087	$1.2B	1.93%	-32.3%
13	1832 Asset Management L.P.#13 · 28,134,122 sh	28,134,122	$1.1B	0.56%	+0.7%
14	MANUFACTURERS LIFE INSURANCE COMPANY, THE#14 · 26,542,998 sh	26,542,998	$1.0B	0.82%	-0.8%
15	PRICE T ROWE ASSOCIATES#15 · 26,101,709 sh	26,101,709	$1.0B	0.10%	+13.5%
16	GEODE CAPITAL MANAGEMENT#16 · 24,141,192 sh	24,141,192	$983.1M	0.05%	+13.2%
17	T. Rowe Price Investment Management#17 · 21,027,147 sh	21,027,147	$830.6M	0.54%	+71.8%
18	NATIONAL BANK OF CANADA#18 · 19,011,978 sh	19,011,978	$748.7M	0.54%	+58.4%
19	VANGUARD FIDUCIARY#19 · 18,104,686 sh	18,104,686	$716.4M	0.16%	+0.7%
20	CIBC Asset Management#20 · 16,720,694 sh	16,720,694	$662.9M	1.45%	+6.5%
21	YACKTMAN ASSET MANAGEMENT#21 · 16,462,508 sh	16,462,508	$650.3M	8.04%	-0.5%
22	JPMORGAN CHASE#22 · 16,456,010 sh	16,456,010	$646.9M	0.04%	+2.3%
23	TD Waterhouse Canada#23 · 16,236,328 sh	16,236,328	$634.5M	—	+0.6%
24	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#24 · 15,929,234 sh	15,929,234	$629.4M	0.28%	-45.0%
25	Vanguard Global Advisers#25 · 15,896,121 sh	15,896,121	$629.0M	0.29%	+9.5%
26	MORGAN STANLEY#26 · 15,003,222 sh	15,003,222	$592.6M	0.03%	+47.2%
27	TORONTO DOMINION BANK#27 · 13,653,797 sh	13,653,797	$539.7M	0.62%	-58.8%
28	JANE STREET GROUP#28 · 10,285,016 sh	10,285,016	$406.3M	0.03%	+385.9%
29	BRITISH COLUMBIA INVESTMENT MANAGEMENT#29 · 10,034,176 sh	10,034,176	$396.7M	2.48%	+28.6%
30	WELLINGTON MANAGEMENT GROUP LLP#30 · 9,848,227 sh	9,848,227	$389.1M	0.07%	+17.6%
31	SCOTIA CAPITAL#31 · 9,812,156 sh	9,812,156	$388.2M	1.45%	+3.5%
32	BANK OF NOVA SCOTIA#32 · 9,798,316 sh	9,798,316	$387.7M	0.59%	+49.2%
33	DIMENSIONAL FUND ADVISORS#33 · 9,708,157 sh	9,708,157	$383.5M	0.07%	+3.2%
34	Blue Sparrow#34 · 9,000,000 sh	9,000,000	$355.5M	3.45%	+94.8%
35	Amundi#35 · 8,238,632 sh	8,238,632	$325.4M	0.08%	+3.1%
36	CHARLES SCHWAB INVESTMENT MANAGEMENT#36 · 7,659,170 sh	7,659,170	$303.0M	0.04%	+5.1%
37	FRANKLIN RESOURCES#37 · 7,613,910 sh	7,613,910	$301.0M	0.07%	-4.8%
38	Capital International Investors#38 · 7,389,109 sh	7,389,109	$292.4M	0.06%	-18.9%
39	OMERS ADMINISTRATION#39 · 7,053,566 sh	7,053,566	$279.0M	1.67%	New
40	Beutel, Goodman & Ltd.#40 · 6,894,705 sh	6,894,705	$272.7M	2.01%	+71.9%
41	Swiss National Bank#41 · 6,741,862 sh	6,741,862	$266.0M	0.14%	-3.9%
42	MUFG SECURITIES (CANADA), LTD.#42 · 6,350,644 sh	6,350,644	$250.9M	6.76%	+105.7%
43	Legal & General Group Plc#43 · 6,041,888 sh	6,041,888	$239.0M	0.05%	-17.8%
44	WCM INVESTMENT MANAGEMENT#44 · 5,852,509 sh	5,852,509	$230.1M	0.42%	+14.3%
45	AQR CAPITAL MANAGEMENT#45 · 5,613,183 sh	5,613,183	$221.9M	0.08%	+19.2%
46	Fiera Capital#46 · 5,045,249 sh	5,045,249	$199.3M	0.72%	+13.7%
47	TWO SIGMA INVESTMENTS#47 · 4,889,895 sh	4,889,895	$193.2M	0.14%	+2414.8%
48	Jupiter Topco#48 · 4,701,821 sh	4,701,821	$185.8M	0.08%	—
49	AGF MANAGEMENT LTD#49 · 4,393,486 sh	4,393,486	$184.3M	0.72%	-1.3%
50	Connor, Clark & Lunn Investment Management Ltd.#50 · 4,567,458 sh	4,567,458	$180.5M	0.34%	-32.0%
51	VANGUARD ASSET MANAGEMENT, Ltd#51 · 4,424,072 sh	4,424,072	$175.1M	0.12%	+15.0%
52	PICTON MAHONEY ASSET MANAGEMENT#52 · 4,270,778 sh	4,270,778	$168.6M	1.25%	-20.6%
53	BANK OF AMERICA#53 · 4,088,342 sh	4,088,342	$161.5M	0.01%	-27.3%
54	GUARDIAN CAPITAL#54 · 3,909,304 sh	3,909,304	$154.6M	3.76%	+13.2%
55	FIL Ltd#55 · 3,797,221 sh	3,797,221	$150.3M	0.11%	-67.7%
56	DEUTSCHE BANK AG\#56 · 3,682,737 sh	3,682,737	$145.5M	0.04%	-4.8%
57	WILLIAM BLAIR INVESTMENT MANAGEMENT#57 · 3,635,082 sh	3,635,082	$143.7M	0.43%	New
58	Invesco Ltd.#58 · 3,478,070 sh	3,478,070	$137.4M	0.01%	-22.0%
59	UBS Group AG#59 · 3,398,413 sh	3,398,413	$134.2M	0.02%	0.0%
60	NORTHERN#60 · 3,115,467 sh	3,115,467	$123.1M	0.01%	-5.8%
61	CITADEL ADVISORS#61 · 3,099,237 sh	3,099,237	$122.4M	0.01%	+378.2%
62	Goehring & Rozencwajg Associates#62 · 3,043,255 sh	3,043,255	$120.3M	6.92%	+7.6%
63	Bank of New York Mellon#63 · 2,967,473 sh	2,967,473	$117.2M	0.02%	+40.3%
64	RENAISSANCE TECHNOLOGIES#64 · 2,859,500 sh	2,859,500	$113.0M	0.16%	New
65	Federation des caisses Desjardins du Quebec#65 · 2,837,467 sh	2,837,467	$112.1M	0.34%	-1.0%
66	MASSACHUSETTS FINANCIAL SERVICES#66 · 1,983,108 sh	1,983,108	$111.3M	0.04%	-16.7%
67	Alberta Investment Management#67 · 2,701,258 sh	2,701,258	$106.8M	0.60%	-69.6%
68	BlackRock#68 · 2,648,584 sh	2,648,584	$104.6M	<0.01%	+12.6%
69	Addenda Capital#69 · 1,823,954 sh	1,823,954	$103.5M	—	+0.6%
70	Aviso Financial#70 · 2,577,292 sh	2,577,292	$101.9M	3.54%	-3.8%
71	Clearbridge Investments#71 · 2,446,131 sh	2,446,131	$96.6M	0.08%	+6.2%
72	Canoe Financial#72 · 2,437,345 sh	2,437,345	$96.4M	—	-29.0%
73	VAN ECK ASSOCIATES#73 · 2,390,830 sh	2,390,830	$94.5M	0.06%	+171.9%
74	Purpose Unlimited#74 · 2,280,544 sh	2,280,544	$90.3M	3.45%	-2.4%
75	Nuveen#75 · 2,274,710 sh	2,274,710	$90.0M	0.02%	+2.8%
76	INGALLS & SNYDER#76 · 2,240,810 sh	2,240,810	$88.5M	2.42%	-4.1%
77	PUBLIC SECTOR PENSION INVESTMENT BOARD#77 · 2,198,059 sh	2,198,059	$86.9M	0.22%	+935.7%
78	Russell Investments Group, Ltd.#78 · 2,094,958 sh	2,094,958	$82.8M	0.07%	+46.8%
79	AMERICAN CENTURY COMPANIES#79 · 1,985,302 sh	1,985,302	$78.6M	0.03%	+32.2%
80	MILLENNIUM MANAGEMENT#80 · 1,970,985 sh	1,970,985	$77.9M	0.03%	+461.5%
81	Hillsdale Investment Management#81 · 1,938,131 sh	1,938,131	$76.6M	1.75%	+149.9%
82	Dixon Mitchell Investment Counsel#82 · 1,854,339 sh	1,854,339	$74.2M	2.41%	+8.9%
83	State of Tennessee, Treasury Department#83 · 1,814,164 sh	1,814,164	$71.8M	0.21%	-1.7%
84	DekaBank Deutsche Girozentrale#84 · 1,427,745 sh	1,427,745	$70.3M	—	0.0%
85	BCV Asset Management#85 · 1,693,724 sh	1,693,724	$66.7M	2.02%	+0.2%
86	Fisher Asset Management#86 · 1,665,176 sh	1,665,176	$65.8M	0.02%	-96.3%
87	NORTHWESTERN MUTUAL WEALTH MANAGEMENT#87 · 1,533,011 sh	1,533,011	$60.6M	0.03%	+68.4%
88	ENVESTNET ASSET MANAGEMENT#88 · 1,483,678 sh	1,483,678	$58.6M	0.01%	-7.0%
89	Pacer Advisors#89 · 1,437,310 sh	1,437,310	$56.9M	0.14%	-38.1%
90	MILLER HOWARD INVESTMENTS#90 · 1,433,802 sh	1,433,802	$56.6M	—	-0.4%
91	Marathon Asset Management Ltd#91 · 1,391,604 sh	1,391,604	$56.3M	—	-12.8%
92	RAYMOND JAMES FINANCIAL#92 · 1,376,618 sh	1,376,618	$54.4M	0.01%	-10.0%
93	WELLS FARGO & COMPANY#93 · 1,365,848 sh	1,365,848	$54.0M	<0.01%	-4.8%
94	NewEdge Wealth#94 · 1,220,556 sh	1,220,556	$48.2M	0.48%	+7.6%
95	PRINCIPAL FINANCIAL GROUP#95 · 1,146,836 sh	1,146,836	$45.4M	0.02%	-19.0%
96	Delaney Capital Management Ltd.#96 · 1,148,627 sh	1,148,627	$45.4M	7.18%	-0.2%
97	BARCLAYS PLC#97 · 1,147,275 sh	1,147,275	$45.3M	<0.01%	+43.6%
98	Qube Research & Technologies Ltd#98 · 1,138,614 sh	1,138,614	$45.0M	0.04%	+276.7%
99	FIRST MANHATTAN#99 · 1,124,614 sh	1,124,614	$44.9M	0.11%	-3.0%
100	SUSQUEHANNA FUNDAMENTAL INVESTMENTS#100 · 1,115,600 sh	1,115,600	$44.1M	0.83%	+138.6%

Funds that sold out of CNQ in Q2 2026 (84)

Held CNQ at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held CNQ in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Egerton Capital (UK) LLP5,690,211 sh	5,690,211	$277.1M
Ninety One UK Ltd1,194,306 sh	1,194,306	$58.1M
Turas Capital Management913,300 sh	913,300	$44.5M
NICOLA WEALTH MANAGEMENT LTD.336,100 sh	336,100	$16.4M
Trek Financial209,562 sh	209,562	$10.2M
BAROMETER CAPITAL MANAGEMENT127,200 sh	127,200	$8.6M
Gotham Asset Management133,186 sh	133,186	$6.5M
Erste Asset Management GmbH105,710 sh	105,710	$5.2M
PEAK6105,403 sh	105,403	$5.1M
SUSQUEHANNA ADVISORS GROUP78,202 sh	78,202	$3.8M
CAPITAL FUND MANAGEMENT S.A.61,079 sh	61,079	$3.0M
TriaGen Wealth Management50,327 sh	50,327	$2.5M
Capula Management Ltd48,008 sh	48,008	$2.3M
NOVEM GROUP38,860 sh	38,860	$1.9M
WIN ADVISORS26,037 sh	26,037	$1.3M
Marshall Financial Group25,477 sh	25,477	$1.2M
YOUSIF CAPITAL MANAGEMENT24,110 sh	24,110	$1.2M
Summerhill Capital Management lnc.17,537 sh	17,537	$853.8K
Union Bancaire Privee, UBP SA40,124 sh	40,124	$793.5K
ALLIANZ SE15,902 sh	15,902	$773.1K
SkyView Investment Advisors15,235 sh	15,235	$742.0K
Inspire Advisors13,445 sh	13,445	$655.2K
MGO ONE SEVEN11,835 sh	11,835	$576.7K
TWINBEECH CAPITAL9,700 sh	9,700	$472.7K
Wolfstich Capital9,103 sh	9,103	$449.4K
SANDERS MORRIS HARRIS8,500 sh	8,500	$414.2K
Nelson, Van Denburg & Campbell Wealth Management Group8,033 sh	8,033	$391.4K
FULTON BANK, N.A.7,630 sh	7,630	$371.8K
180 WEALTH ADVISORS6,490 sh	6,490	$316.3K
Wellspring Financial Advisors6,363 sh	6,363	$310.1K
Advisory Alpha6,200 sh	6,200	$302.2K
HBW Advisory Services5,958 sh	5,958	$290.3K
Van Diest Capital5,912 sh	5,912	$288.1K
West Family Investments5,656 sh	5,656	$275.6K
Abel Hall5,527 sh	5,527	$269.3K
Lester Murray Antman dba SimplyRich5,362 sh	5,362	$261.0K
Fidelis Capital Partners5,027 sh	5,027	$245.0K
D L CARLSON INVESTMENT GROUP5,000 sh	5,000	$243.7K
Claret Asset Management4,953 sh	4,953	$242.0K
EVOLVE PRIVATE WEALTH4,881 sh	4,881	$237.9K
SIMON QUICK ADVISORS4,817 sh	4,817	$234.7K
Diversified4,617 sh	4,617	$225.0K
Hexagon Capital Partners4,612 sh	4,612	$224.7K
Interval Partners4,606 sh	4,606	$224.4K
IMC-Chicago4,538 sh	4,538	$221.1K
Quadcap Wealth Management4,483 sh	4,483	$218.5K
DAVIS-REA LTD.4,440 sh	4,440	$217.9K
Hidden Cove Wealth Management4,460 sh	4,460	$217.3K
STEPHENS4,409 sh	4,409	$214.9K
Corps Capital Advisors4,400 sh	4,400	$214.4K
JOHNSON INVESTMENT COUNSEL4,380 sh	4,380	$213.4K
Savvy Advisors4,335 sh	4,335	$211.3K
Ascent Group4,274 sh	4,274	$208.3K
Hilltop4,212 sh	4,212	$205.3K
Genus Capital Management4,181 sh	4,181	$203.3K
SEARLE4,157 sh	4,157	$202.6K
Leonard Rickey Investment Advisors P.L.L.C.4,136 sh	4,136	$201.5K
BERNZOTT CAPITAL ADVISORS4,000 sh	4,000	$194.9K
BASSO CAPITAL MANAGEMENT, L.P.2,400 sh	2,400	$117.0K
Opal Wealth Advisors1,579 sh	1,579	$76.9K
BOYD WATTERSON ASSET MANAGEMENT1,500 sh	1,500	$73.1K
Addison Advisors896 sh	896	$43.7K
Annis Gardner Whiting Capital Advisors471 sh	471	$23.0K
Investors Research400 sh	400	$19.5K
Rialto Wealth Management394 sh	394	$19.2K
Longview Financial Advisors373 sh	373	$18.2K
Root Financial Partners287 sh	287	$14.0K
Western Wealth Management200 sh	200	$9.7K
Fourth Dimension Wealth200 sh	200	$9.7K
Truvestments Capital186 sh	186	$9.1K
CREATIVE FINANCIAL DESIGNS183 sh	183	$8.9K
TWIN PEAKS WEALTH ADVISORS139 sh	139	$6.8K
Innovative Asset Advisors Group127 sh	127	$6.2K
Legacy Wealth Managment107 sh	107	$5.2K
Ancora Advisors105 sh	105	$5.1K
Decker Retirement Planning100 sh	100	$4.9K
Sound Income Strategies92 sh	92	$4.3K
MCF Advisors80 sh	80	$3.9K
Intentional Wealth Strategies48 sh	48	$2.3K
First Pacific Financial41 sh	41	$2.0K
Vision Retirement37 sh	37	$1.8K
Murphy & Mullick Capital Management16 sh	16	$780.00
Frazier Financial Advisors11 sh	11	$537.00
Optiver Holding B.V.6 sh	6	$292.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.