Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Canadian Nat Res Ltd Med Ter (CNQ)

734 + Investors. Track Smart Money conviction in CNQ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
5Q ▲
Buyers last Q
52%

Smart Money Signals — CNQ

Based on 746 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added CNQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
746 hedge funds hold CNQ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+125 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

389 buying361 selling
Last quarter: 389 funds bought or added vs 361 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-37 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 82 → 121 → 141 → 104. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 18% medium ■ 22% new
449 out of 746 hedge funds have held CNQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -4%, value -23%

Value
-22%
Shares
-4%
Last quarter: funds added -4% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

68 → 82 → 121 → 141 → 104 new funds/Q
New funds entering each quarter: 82 → 121 → 141 → 104. A growing number of institutions are discovering CNQ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 23% newcomers

■ 67% veterans ■ 10% 1-2yr ■ 23% new
Entry-cohort mix of 783 holders: 521 (67%) are 2+ year veterans, 79 entered 1–2 years ago, and 183 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
61 of 739 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in CNQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CNQ

In 2026 Q2, 389 hedge funds were net buyers of CNQ (104 opened a new position, 285 added to an existing one), while 361 reduced or exited (258 trimmed, 103 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 66% of total institutional value in CNQ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 746.

Hedge Fund Ownership: CNQ

How many hedge funds hold CNQ — quarterly history vs. share price
Quarterly hedge fund ownership of CNQ vs. share price

Market Analysis: CNQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNQ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 24 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: CNQ
734 + Investors

Track Smart Money conviction in CNQ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 734 745 -1.48%
13F Shares 1.51B 1.57B -4.21%
Total Value $57.56B $74.48B -22.72%
New Positions 102 141 -39
Increased Positions 277 264 +13
Closed Positions 106 72 +34
Reduced Positions 245 226 +19
Total Calls 22 23 -4.35%
Total Puts 21 21 -
PUT/CALL Ratio 0.95 0.91 Neutral

Statistics: CNQ

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Institutional Holders (2026 Q2)

734 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CNQ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CNQ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yacktman Asset Management LP 8.04% 16,462,508 $650.3M
2 Delaney Capital Management Ltd. 7.18% 1,148,627 $45.4M
3 Epacria Capital Partners, LLC 7.11% 233,208 $9.2M
4 Goehring & Rozencwajg Associates, LLC 6.92% 3,043,255 $120.3M
5 Mufg Securities (canada), LTD. 6.76% 6,350,644 $250.9M
6 Hatch Cove Capital, LLC 5.25% 299,600 $11.8M
7 Guardian Point Capital, LP 4.86% 400,000 $15.8M
8 Mudita Advisors LLP 4.37% 532,366 $21.0M
9 Lifetime Wealth Management P.C. 4.22% 182,966 $7.2M
10 Rempart Asset Management Inc. 4.19% 517,047 $20.4M
11 Heathbridge Capital Management Ltd. 3.80% 281,325 $11.1M
12 Guardian Capital LP 3.76% 3,909,304 $154.6M
13 Aviso Financial Inc. 3.54% 2,577,292 $101.9M
14 Purpose Unlimited Inc. 3.45% 2,280,544 $90.3M
15 Blue Sparrow, LLC /DE 3.45% 9,000,000 $355.5M
16 Panview Capital Ltd 3.38% 486,326 $19.2M
17 Burkett Asset Management Ltd 3.25% 87,958 $3.5M
18 Bank of Nova Scotia Trust Co 3.10% 947,522 $37.4M
19 Turn8 Private Wealth Inc. 2.92% 99,641 $4.4M
20 Investment Management Associates Inc /Adv 2.84% 350,000 $13.8M
21 Addenda Capital Inc. 2.81% 1,823,954 $103.5M
22 Viewpoint Investment Partners Corp 2.51% 184,381 $7.3M
23 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.48% 10,034,176 $396.7M
24 Harbor Advisors LLC 2.48% 499,800 $19.7M
25 Dixon Mitchell Investment Counsel Inc. 2.41% 1,854,339 $74.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Canadian Nat Res Ltd Med Ter (CNQ)

What does the Smart Money Trend signal show for CNQ?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added CNQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CNQ?

Slight buying edge — 52% buying: Last quarter: 389 funds bought or added vs 361 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CNQ holders?

Elite ownership — 66% AUM from top-100 funds: 61 of 739 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in CNQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CNQ?

60% of holders stayed for 2+ years: 449 out of 746 hedge funds have held CNQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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