Who owns CNQ (CNQ)
Which tracked institutional funds hold CNQ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CNQ 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
The tracked-fund tape on CNQ is one-sided between 2025-Q4 and 2026-Q1: 364 added or opened and 72 trimmed or exited — on balance accumulating.
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
CNQ’s largest tracked holder by dollar value, Capital World Investors, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.5% of theirs — a 0.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CNQ 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 738 tracked filers holding CNQ, 404 increased or opened the position and 297 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 CNQ 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 55
- VANGUARD CAPITAL MANAGEMENT LLC$2.8B
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1.4B
- VANGUARD FIDUCIARY TRUST CO$877M
- GQG Partners LLC$854M
- Vanguard Global Advisers, LLC$708M
- Egerton Capital (UK) LLP$277M
Full exits 30
- VANGUARD GROUP INC$3.2B
- Brandywine Global Investment Management, LLC$77M
- SIG North Trading, ULC$36M
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$20M
- LONGFELLOW INVESTMENT MANAGEMENT CO LLC$16M
- ExodusPoint Capital Management, LP$15M
Largest adds
- Capital Research Global Investors$3.1B
- Capital World Investors$2.9B
- ROYAL BANK OF CANADA$2.3B
- GOLDMAN SACHS GROUP INC$1.1B
- FMR LLC$1.1B
- TORONTO DOMINION BANK$990M
Largest trims
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$232M
- T. Rowe Price Investment Management, Inc.$228M
- CRAWFORD INVESTMENT COUNSEL INC$76M
- BCV Asset Management Inc.$55M
- DekaBank Deutsche Girozentrale$50M
- NATIONAL BANK OF CANADA /FI/$49M
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 |
|---|---|---|---|---|
| Capital World Investors trimmed | 197,679,763 | $9.6B | 12.4% | 2026-Q1 |
| Capital Research Global Investors added | 164,432,659 | $8.0B | 10.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 124,812,950 | $6.1B | 7.8% | 2026-Q1 |
| FMR LLC trimmed | 85,203,825 | $4.2B | 5.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 63,903,165 | $3.1B | 4.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 58,034,095 | $2.8B | 3.6% | 2026-Q1 |
| Fisher Asset Management, LLC added | 45,024,405 | $2.2B | 2.8% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 44,886,474 | $2.2B | 2.8% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 40,281,315 | $2.0B | 2.5% | 2026-Q1 |
| TD Asset Management Inc added | 39,940,897 | $1.9B | 2.5% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 37,457,500 | $1.8B | 2.3% | 2026-Q1 |
| TORONTO DOMINION BANK added | 33,159,478 | $1.6B | 2.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 28,956,345 | $1.4B | 1.8% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 27,936,558 | $1.4B | 1.7% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 27,430,542 | $1.3B | 1.7% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 26,746,244 | $1.3B | 1.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 26,158,715 | $1.3B | 1.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 23,006,826 | $1.1B | 1.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 21,326,029 | $1.1B | 1.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 17,975,656 | $877M | 1.1% | 2026-Q1 |
| GQG Partners LLC added | 17,555,471 | $854M | 1.1% | 2026-Q1 |
| YACKTMAN ASSET MANAGEMENT LP trimmed | 16,541,598 | $806M | 1.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 16,080,173 | $794M | 1.0% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 15,698,709 | $766M | 1.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 16,147,338 | $740M | 1.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 14,519,724 | $708M | 0.9% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. trimmed | 12,236,328 | $596M | 0.8% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 12,004,421 | $580M | 0.7% | 2026-Q1 |
| FIL Ltd added | 11,751,875 | $573M | 0.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 10,192,029 | $497M | 0.6% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 9,481,269 | $460M | 0.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 9,410,323 | $459M | 0.6% | 2026-Q1 |
| Capital International Investors added | 9,111,146 | $444M | 0.6% | 2026-Q1 |
| Alberta Investment Management Corp added | 8,876,883 | $433M | 0.6% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 8,338,462 | $406M | 0.5% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 8,000,836 | $390M | 0.5% | 2026-Q1 |
| Amundi added | 7,994,427 | $390M | 0.5% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 7,805,579 | $381M | 0.5% | 2026-Q1 |
| Legal & General Group Plc trimmed | 7,346,630 | $357M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 7,289,181 | $354M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 7,011,862 | $342M | 0.4% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 2,303,885 | $330M | 0.4% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 6,717,486 | $328M | 0.4% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 6,565,392 | $320M | 0.4% | 2026-Q1 |
| Egerton Capital (UK) LLP new | 5,690,211 | $277M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,625,767 | $274M | 0.4% | 2026-Q1 |
| Boston Partners trimmed | 5,422,643 | $264M | 0.3% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 5,381,403 | $263M | 0.3% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC added | 5,122,209 | $253M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 4,706,385 | $230M | 0.3% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 4,453,036 | $229M | 0.3% | 2026-Q1 |
| Blue Sparrow, LLC /DE new | 4,620,000 | $225M | 0.3% | 2026-Q1 |
| Fiera Capital Corp added | 4,437,467 | $216M | 0.3% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 4,301,460 | $209M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,175,804 | $203M | 0.3% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 4,011,532 | $195M | 0.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 3,868,748 | $189M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 3,848,287 | $188M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP added | 3,453,521 | $168M | 0.2% | 2026-Q1 |
| Canoe Financial LP trimmed | 3,433,507 | $167M | 0.2% | 2026-Q1 |
| UBS Group AG added | 3,397,515 | $166M | 0.2% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 2,379,868 | $161M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 3,308,188 | $161M | 0.2% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 3,087,764 | $150M | 0.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 2,866,478 | $139M | 0.2% | 2026-Q1 |
| Goehring & Rozencwajg Associates, LLC added | 2,827,853 | $138M | 0.2% | 2026-Q1 |
| Aviso Financial Inc. added | 2,678,995 | $131M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 1,812,408 | $124M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 2,352,366 | $115M | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. added | 2,336,691 | $114M | 0.1% | 2026-Q1 |
| INGALLS & SNYDER LLC trimmed | 2,337,534 | $114M | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 2,212,643 | $108M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 2,116,751 | $103M | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,115,044 | $103M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury added | 1,844,681 | $90M | 0.1% | 2026-Q1 |
| Dixon Mitchell Investment Counsel Inc. trimmed | 1,702,696 | $84M | 0.1% | 2026-Q1 |
| BCV Asset Management Inc. trimmed | 1,689,724 | $82M | 0.1% | 2026-Q1 |
| Marathon Asset Management Ltd trimmed | 1,595,650 | $78M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,595,438 | $78M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,529,093 | $75M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,502,306 | $73M | 0.1% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 1,427,745 | $72M | 0.1% | 2026-Q1 |
| MILLER HOWARD INVESTMENTS INC /NY added | 1,440,125 | $70M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,434,223 | $70M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 1,427,003 | $70M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,415,917 | $69M | 0.1% | 2026-Q1 |
| Korea Investment CORP added | 1,304,188 | $63M | 0.1% | 2026-Q1 |
| Ninety One UK Ltd added | 1,194,306 | $58M | 0.1% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. trimmed | 1,158,981 | $57M | 0.1% | 2026-Q1 |
| NewEdge Wealth, LLC added | 1,134,241 | $55M | 0.1% | 2026-Q1 |
| GW&K Investment Management, LLC trimmed | 1,118,706 | $55M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 1,011,022 | $49M | 0.1% | 2026-Q1 |
| Baskin Financial Services Inc. trimmed | 979,213 | $48M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 970,101 | $47M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO added | 970,403 | $47M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 956,471 | $47M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 93,305,167 | $3.2B | 4.1% | 2025-Q4 stale |
| Alyeska Investment Group, L.P. added | 2,520,031 | $79M | 0.1% | 2025-Q2 stale |
| Brandywine Global Investment Management, LLC trimmed | 2,285,276 | $77M | 0.1% | 2025-Q4 stale |
| Nearwater Capital Markets, Ltd new | 2,045,000 | $66M | 0.1% | 2025-Q3 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.