Who owns CNL
Which tracked institutional funds hold CNL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CNL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
20 tracked funds added or opened CNL while 7 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CNL’s largest tracked holder by dollar value, Helikon Investments Ltd, sizes it at 7.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CNL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 49 tracked filers holding CNL, 26 increased or opened the position and 24 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CNL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 3
- KINGDON CAPITAL MANAGEMENT, L.L.C.$7M
- GILDER GAGNON HOWE & CO LLC$2M
- VANGUARD ASSET MANAGEMENT, Ltd$650K
Full exits 3
- Ninepoint Partners LP$7M
- Balyasny Asset Management L.P.$833K
- VANGUARD GROUP INC$603K
Largest adds
- Helikon Investments Ltd$38M
- JUPITER ASSET MANAGEMENT LTD$35M
- UBS Group AG$28M
- VAN ECK ASSOCIATES CORP$22M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$17M
- WELLINGTON MANAGEMENT GROUP LLP$10M
Largest trims
- BANK OF AMERICA CORP /DE/$5M
- BNP PARIBAS FINANCIAL MARKETS$711K
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$603K
- MORGAN STANLEY$264K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Helikon Investments Ltd added | 10,979,312 | $193M | 32.5% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 7,096,929 | $124M | 20.9% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 3,735,755 | $65M | 11.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 2,404,915 | $42M | 7.1% | 2026-Q1 |
| UBS Group AG added | 1,568,216 | $28M | 4.6% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,278,061 | $22M | 3.8% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,110,000 | $19M | 3.3% | 2026-Q1 |
| Amundi added | 760,602 | $13M | 2.3% | 2026-Q1 |
| Groupe la Francaise added | 470,000 | $8M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 426,471 | $8M | 1.3% | 2026-Q1 |
| KINGDON CAPITAL MANAGEMENT, L.L.C. new | 425,000 | $7M | 1.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 395,431 | $7M | 1.2% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 310,308 | $5M | 0.9% | 2026-Q1 |
| Alberta Investment Management Corp trimmed | 294,000 | $5M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 235,694 | $4M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 257,550 | $4M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 199,270 | $4M | 0.6% | 2026-Q1 |
| GILDER GAGNON HOWE & CO LLC new | 121,116 | $2M | 0.4% | 2026-Q1 |
| Swiss National Bank | 109,600 | $2M | 0.3% | 2026-Q1 |
| EDMOND DE ROTHSCHILD HOLDING S.A. trimmed | 109,054 | $2M | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 100,600 | $2M | 0.3% | 2026-Q1 |
| TD Asset Management Inc added | 80,386 | $1M | 0.2% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 53,702 | $943K | 0.2% | 2026-Q1 |
| Legal & General Group Plc added | 53,640 | $939K | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 42,022 | $740K | 0.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 40,711 | $713K | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 37,007 | $650K | 0.1% | 2026-Q1 |
| U S GLOBAL INVESTORS INC | 35,000 | $615K | 0.1% | 2026-Q1 |
| Nuveen, LLC | 34,896 | $611K | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 29,400 | $508K | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 27,043 | $475K | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) trimmed | 25,852 | $453K | 0.1% | 2026-Q1 |
| Police & Firemen's Retirement System of New Jersey | 22,819 | $399K | 0.1% | 2026-Q1 |
| SIH Partners, LLLP new | 18,418 | $324K | 0.1% | 2026-Q1 |
| SPROTT INC. trimmed | 18,100 | $319K | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 16,065 | $283K | 0.0% | 2026-Q1 |
| HRT FINANCIAL LP new | 15,346 | $270K | 0.0% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 14,401 | $253K | 0.0% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 12,516 | $219K | 0.0% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. new | 12,340 | $216K | 0.0% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 10,923 | $191K | 0.0% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 10,707 | $188K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 9,332 | $163K | 0.0% | 2026-Q1 |
| BlackRock, Inc. | 3,368 | $59K | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ | 2,240 | $39K | 0.0% | 2026-Q1 |
| CITIGROUP INC added | 1,947 | $34K | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC new | 1,550 | $27K | 0.0% | 2026-Q1 |
| TOTH FINANCIAL ADVISORY CORP | 200 | $4K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 100 | $2K | 0.0% | 2026-Q1 |
| Ninepoint Partners LP | 470,000 | $7M | 1.2% | 2025-Q4 stale |
| MILLENNIUM MANAGEMENT LLC added | 84,608 | $1M | 0.2% | 2025-Q3 stale |
| MOORE CAPITAL MANAGEMENT, LP new | 133,948 | $1M | 0.2% | 2025-Q1 stale |
| Balyasny Asset Management L.P. new | 57,187 | $833K | 0.1% | 2025-Q4 stale |
| JANE STREET GROUP, LLC trimmed | 57,155 | $830K | 0.1% | 2025-Q3 stale |
| VANGUARD GROUP INC added | 41,415 | $603K | 0.1% | 2025-Q4 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 34,300 | $496K | 0.1% | 2025-Q3 stale |
| Aigen Investment Management, LP new | 23,571 | $476K | 0.1% | 2025-Q3 stale |
| Spark Investment Management LLC new | 51,000 | $445K | 0.1% | 2025-Q1 stale |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC new | 39,923 | $437K | 0.1% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC new | 28,867 | $419K | 0.1% | 2025-Q3 stale |
| SCOTIA CAPITAL INC. | 38,600 | $400K | 0.1% | 2025-Q2 stale |
| MMCAP International Inc. SPC new | 24,170 | $353K | 0.1% | 2025-Q4 stale |
| CITADEL ADVISORS LLC added | 23,830 | $348K | 0.1% | 2025-Q4 stale |
| Orion Resource Partners LP added | 27,011 | $296K | 0.0% | 2025-Q2 stale |
| D. E. Shaw & Co., Inc. trimmed | 17,500 | $255K | 0.0% | 2025-Q4 stale |
| SUSQUEHANNA ADVISORS GROUP, INC. new | 14,241 | $206K | 0.0% | 2025-Q3 stale |
| BARCLAYS PLC trimmed | 4,491 | $66K | 0.0% | 2025-Q4 stale |
| Corundum Trust Company, INC new | 3,000 | $43K | 0.0% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 3,735 | $41K | 0.0% | 2025-Q2 stale |
| SHELL ASSET MANAGEMENT CO trimmed | 659 | $10K | 0.0% | 2025-Q3 stale |
| Allworth Financial LP new | 298 | $4K | 0.0% | 2025-Q4 stale |
| Quarry LP new | 429 | $4K | 0.0% | 2025-Q1 stale |
| HARBOUR INVESTMENTS, INC. new | 9 | $131 | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.