CANADIAN NATURAL RESOURCES LTD - Common Stock (CNQ) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
CNQ on NYSE
Shares outstanding
2,090,699,057
Price per share
$36.14
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
1,450,819,067
Total reported value
$49,213,224,498
% of total 13F portfolios
0.02%
Share change
-10,830,184
Value change
-$341,251,374
Number of holders
658
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of CANADIAN NATURAL RESOURCES LTD - Common Stock (CNQ) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Capital World Investors 10% $6,152,285,000 209,832,367 Capital World Investors 31 Mar 2025
Capital Research Global Investors 7% +34% $4,694,873,803 +$1,123,513,170 146,348,934 +31% Capital Research Global Investors 31 Dec 2025

As of 31 Dec 2025, 658 institutional investors reported holding 1,450,819,067 shares of CANADIAN NATURAL RESOURCES LTD - Common Stock (CNQ). This represents 69% of the company’s total 2,090,699,057 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of CANADIAN NATURAL RESOURCES LTD - Common Stock (CNQ) together control 57% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Capital World Investors 9.6% 199,820,601 -1.7% 0.92% $6,767,556,843
Capital Research Global Investors 7% 146,331,336 +32% 0.91% $4,956,203,571
ROYAL BANK OF CANADA 5.4% 112,782,200 -16% 0.67% $3,817,678,000
VANGUARD GROUP INC 4.5% 93,305,198 +0.89% 0.05% $3,160,340,361
FMR LLC 4.4% 91,223,138 +19% 0.16% $3,089,493,139
BANK OF MONTREAL /CAN/ 3.3% 69,490,752 -13% 0.96% $2,353,787,446
CIBC WORLD MARKET INC. 2.1% 44,146,600 +94% 2.7% $1,495,245,342
Fisher Asset Management, LLC 2% 42,745,981 +3.2% 0.49% $1,446,951,490
CANADA PENSION PLAN INVESTMENT BOARD 2% 41,023,224 -0.33% 0.93% $1,389,536,695
TD Asset Management Inc 1.8% 37,945,726 -2.5% 1% $1,286,957,361
T. Rowe Price Investment Management, Inc. 1.6% 34,178,745 -17% 0.73% $1,156,951,000
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.6% 34,060,000 -0.76% 2% $1,153,781,259
1832 Asset Management L.P. 1.5% 31,482,179 +1.8% 1.4% $1,065,671,759
MACKENZIE FINANCIAL CORP 1.5% 30,927,340 -0.3% 1.2% $1,047,211,811
MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.4% 28,899,810 -4.7% 0.81% $980,927,437
GEODE CAPITAL MANAGEMENT, LLC 0.98% 20,518,621 +7% 0.04% $710,118,807
YACKTMAN ASSET MANAGEMENT LP 0.9% 18,775,420 -10% 8.9% $635,547,967
NATIONAL BANK OF CANADA /FI/ 0.89% 18,566,785 +45% 0.64% $628,207,698
TORONTO DOMINION BANK 0.89% 18,515,655 -41% 1.1% $627,135,499
CIBC Asset Management Inc 0.81% 17,003,831 -16% 1.4% $578,463,995
JPMORGAN CHASE & CO 0.68% 14,308,539 +1.9% 0.03% $484,344,067
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.56% 11,616,347 +179% 0.13% $393,213,346
MORGAN STANLEY 0.52% 10,946,533 -2.6% 0.02% $370,540,200
FIL Ltd 0.51% 10,600,859 -29% 0.27% $359,064,467
DIMENSIONAL FUND ADVISORS LP 0.46% 9,555,467 +2.7% 0.07% $323,456,238

Institutional Holders of CANADIAN NATURAL RESOURCES LTD - Common Stock (CNQ) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 1,450,819,067 $49,213,224,498 -$341,251,374 $33.85 658
2025 Q3 1,464,599,686 $46,883,911,884 -$637,892,893 $31.96 630
2025 Q2 1,480,617,715 $46,575,771,117 -$1,735,526,115 $31.40 612
2025 Q1 1,534,491,049 $47,258,491,153 +$2,357,748,814 $30.80 616
2024 Q4 1,456,885,597 $44,994,571,550 -$1,651,332,786 $30.87 616
2024 Q3 1,509,773,990 $50,219,713,821 -$1,523,994,654 $33.21 613
2024 Q2 1,551,967,736 $55,304,448,580 +$26,267,139,751 $35.60 596
2024 Q1 800,750,668 $61,106,961,307 +$668,797,322 $76.32 585
2023 Q4 792,478,487 $51,968,779,035 -$1,144,405,206 $65.52 552
2023 Q3 809,306,696 $52,397,635,567 +$596,316,432 $64.67 523
2023 Q2 800,119,094 $45,045,327,250 -$614,121,242 $56.26 487
2023 Q1 811,929,965 $44,953,522,246 -$49,720,733 $55.35 494
2022 Q4 810,648,654 $45,022,326,433 +$1,215,885,494 $55.53 485
2022 Q3 786,598,529 $36,674,405,795 -$1,179,284,111 $46.57 434
2022 Q2 811,747,801 $43,642,211,519 -$258,831,518 $53.68 440
2022 Q1 817,660,192 $50,680,828,105 +$1,338,941,412 $61.98 432
2021 Q4 782,282,960 $33,111,666,161 -$126,329,221 $42.25 396
2021 Q3 794,013,405 $29,032,317,927 +$315,794,572 $36.54 367
2021 Q2 785,819,837 $28,438,461,364 -$29,173,653 $36.28 351
2021 Q1 790,030,544 $24,411,693,866 +$476,912,084 $30.87 328
2020 Q4 777,759,828 $18,763,796,174 -$68,946,643 $24.05 313
2020 Q3 787,396,276 $12,614,364,866 -$214,595,460 $16.01 294
2020 Q2 793,080,146 $13,757,116,994 -$154,777,665 $17.43 294
2020 Q1 802,858,098 $10,907,841,491 -$199,748,272 $13.55 280
2019 Q4 801,903,713 $25,942,131,365 +$398,399,644 $32.35 329
2019 Q3 782,026,225 $20,831,737,223 -$57,196,295 $26.63 317
2019 Q2 780,898,471 $21,099,648,894 -$202,018,037 $26.97 340
2019 Q1 788,468,467 $21,681,958,181 -$331,068,665 $27.50 354
2018 Q4 798,796,249 $19,274,807,391 -$464,313,511 $24.13 331
2018 Q3 810,020,420 $26,405,667,354 -$487,184,390 $32.66 380
2018 Q2 821,931,507 $29,638,961,254 +$3,147,630,928 $36.07 382
2018 Q1 742,017,596 $23,342,339,298 +$190,508,981 $31.46 365
2017 Q4 736,164,891 $26,330,676,497 +$377,231,805 $35.72 353
2017 Q3 729,629,556 $24,418,606,628 +$285,275,084 $33.49 330
2017 Q2 715,413,575 $20,637,133,860 -$479,737,289 $28.84 331
2017 Q1 735,632,421 $24,098,108,871 -$530,199,281 $32.79 318
2016 Q4 751,460,935 $24,012,313,156 -$303,895,589 $31.88 316
2016 Q3 758,396,683 $24,254,602,436 -$109,429,267 $32.04 307
2016 Q2 758,202,200 $23,355,350,702 +$565,760,130 $30.83 304
2016 Q1 732,505,042 $19,808,105,600 +$264,069,793 $27.00 300
2015 Q4 737,316,564 $16,087,091,333 -$355,552,741 $21.83 290
2015 Q3 752,244,166 $14,640,262,033 +$365,786,806 $19.45 310
2015 Q2 722,851,201 $19,685,012,488 +$231,724,917 $27.16 325
2015 Q1 717,203,755 $21,999,027,868 +$680,719,104 $30.70 337
2014 Q4 707,567,029 $21,978,635,591 +$194,277,005 $30.88 356
2014 Q3 689,658,665 $26,855,547,153 -$162,481,117 $38.84 376
2014 Q2 692,663,183 $31,883,907,303 +$693,525,433 $45.91 395
2014 Q1 659,061,423 $25,410,358,301 -$278,531,911 $38.37 356