undamentalytics Newsletter

Canadian Natural Resources Ltd: which funds bought and sold

Institutions that bought and sold Canadian Natural Resources shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 376 institutions that filed 13F reports for both quarters added to or opened positions in Canadian Natural Resources, and 322 cut or closed them. Together they sold a net 77.4M shares, −4.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 110.8M shares (−16.6%); index fund managers were net buyers of 4.2M shares (+3.8%). 90 opened a new position and 81 sold out entirely.

Bought, Q2 2026 376 institutions, 90 of them new holders Sold, Q2 2026 322 institutions, 81 of them sold out
Net change, all compared −77.4M shares (−4.9%)
Net change, active managers −110.8M shares (−16.6%), 48 bought, 26 sold

Buyers versus sellers

institutions compared, 817
Active managers and hedge funds 48 bought · 26 sold · −110.8M
Index fund managers 6 bought · 2 sold · +4.2M
Other institutions 322 bought · 294 sold · +29.2M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Goldman Sachs Group Inc +24.7M +94.2% 50.8M $2B
Capital World Investors Active manager +20.3M +10.3% 218.0M $8.6B
Royal Bank Of Canada +12.8M +10.3% 137.6M $5.4B
T. Rowe Price Investment Management, Inc. Active manager +8.8M +71.8% 21.0M $831M
Jane Street Group, LLC +8.2M +385.9% 10.3M $406M
National Bank Of Canada +7.0M +58.4% 19.0M $749M
Omers Administration Corp +7.0M +10571.1% 7.1M $279M
Morgan Stanley +4.8M +47.2% 15.0M $593M
Two Sigma Investments, LP Hedge fund +4.7M +2414.8% 4.9M $193M
Blue Sparrow, LLC +4.4M +94.8% 9.0M $356M
William Blair Investment Management, LLC Active manager +3.6M New position 3.6M $144M
Mufg Securities (Canada), Ltd. +3.3M +105.7% 6.4M $251M
Bank Of Nova Scotia +3.2M +49.2% 9.8M $388M
Price T Rowe Associates Inc Active manager +3.1M +13.5% 26.1M $1B
Beutel, Goodman & Co Ltd. +2.9M +71.9% 6.9M $273M
Renaissance Technologies LLC Hedge fund +2.9M New position 2.9M $113M
Geode Capital Management, LLC Index funds +2.8M +13.2% 24.1M $983M
Citadel Advisors LLC Hedge fund +2.5M +378.2% 3.1M $122M
British Columbia Investment Management Corp +2.2M +28.6% 10.0M $397M
Public Sector Pension Investment Board +2.0M +935.7% 2.2M $86.9M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Capital Research Global Investors Active manager −48.4M −29.4% 116.1M $4.6B
Fisher Asset Management, LLC Active manager −43.4M −96.3% 1.7M $65.8M
FMR LLC Active manager −21.0M −24.6% 64.2M $2.5B
Toronto Dominion Bank −19.5M −58.8% 13.7M $540M
GQG Partners LLC Active manager −17.3M −98.4% 275K $10.9M
CIBC World Market Inc. −14.5M −32.3% 30.4M $1.2B
Arrowstreet Capital, Limited Partnership Hedge fund −13.0M −45.0% 15.9M $629M
TD Asset Management Inc −8.8M −22.0% 31.2M $1.2B
Fil Ltd Active manager −8.0M −67.7% 3.8M $150M
Healthcare Of Ontario Pension Plan Trust Fund −6.7M −17.8% 30.8M $1.2B
Alberta Investment Management Corp −6.2M −69.6% 2.7M $107M
Egerton Capital (UK) LLP Hedge fund −5.7M Sold out 0 —
Boston Partners Active manager −4.8M −89.2% 583K $23.1M
Connor, Clark & Lunn Investment Management Ltd. −2.2M −32.0% 4.6M $181M
Capital International Investors Active manager −1.7M −18.9% 7.4M $292M
Canada Pension Plan Investment Board −1.6M −4.1% 38.6M $1.5B
Bank Of America Corp −1.5M −27.3% 4.1M $161M
Legal & General Group PLC −1.3M −17.8% 6.0M $239M
Ninety One Uk Ltd −1.2M Sold out 0 —
Picton Mahoney Asset Management −1.1M −20.6% 4.3M $169M

New positions

largest by value
InstitutionSharesValue June 30, 2026
William Blair Investment Management, LLCActive manager 3.6M $144M
Renaissance Technologies LLCHedge fund 2.9M $113M
Panview Capital Ltd 486K $19.2M
Australiansuper Pty Ltd 305K $12.1M
Hatch Cove Capital, LLC 300K $11.8M
Y-Intercept (Hong Kong) Ltd 287K $11.3M
Quantbot Technologies LPHedge fund 237K $9.4M
Point72 Asset Management, L.P.Hedge fund 174K $6.9M
4D Advisors, LLC 150K $5.9M
Quadrature Capital LtdHedge fund 140K $5.5M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Egerton Capital (UK) LLPHedge fund 5.7M $277M
Ninety One Uk Ltd 1.2M $58.1M
Turas Capital Management LP 913K $44.5M
Nicola Wealth Management Ltd. 336K $16.4M
Trek Financial, LLC 210K $10.2M
Barometer Capital Management Inc. 127K $8.6M
Gotham Asset Management, LLCHedge fund 133K $6.5M
Erste Asset Management Gmbh 106K $5.2M
Peak6 LLC 105K $5.1M
Susquehanna Advisors Group, Inc. 78K $3.8M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
742
Ten largest holders
54.2%
of 13F-reported shares
Index fund managers
7.7%
of 13F-reported shares
Active managers and hedge funds
37.0%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 48 26 14 4 −110.8M −16.6%
Index fund managers 6 2 0 0 +4.2M +3.8%
Other institutions 322 294 76 77 +29.2M +3.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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