Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Core Natural Resources Inc (CNR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -23
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — CNR

Based on 355 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CNR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
355 funds currently hold this stock — 94% of the 3.0-year high of 378 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+49 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

213 buying193 selling
Last quarter: 213 funds bought or added vs 193 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 (-27 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 65 → 71 → 85 → 58. 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.
🔄

Mostly new holders — 32% entered in last year

■ 4% conviction (2yr+) ■ 64% medium ■ 32% new
Only 14 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -0%, value -23%

Value
-23%
Shares
0%
Last quarter: funds added -0% 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.
➡️

Steady discovery — ~58 new funds/quarter

45 → 65 → 71 → 85 → 58 new funds/Q
New funds entering each quarter: 65 → 71 → 85 → 58. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 2% veterans, 40% new entrants

■ 2% veterans ■ 59% 1-2yr ■ 40% new
Of 367 current holders: 7 (2%) held 2+ years, 215 held 1–2 years, 145 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
53 of 350 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in CNR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — CNR

In 2026 Q2, 213 hedge funds were net buyers of CNR (58 opened a new position, 155 added to an existing one), while 193 reduced or exited (112 trimmed, 81 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 54% of total institutional value in CNR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -23 funds (more exits than new entries). Total institutional holders: 355.

Hedge Fund Ownership: CNR

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

Market Analysis: CNR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNR

-- --

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

Is It Too Late to Buy Core Natural Resources Inc (CNR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CNR has moved relative to its sector benchmark (XLE) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 82d ago
CNR
+15.6%
XLE
+21.1%

CNR outperformed XLE by -5.5% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
CNR
-3.5%
XLE
+3.9%

Since the filing became public, CNR outperformed XLE by -7.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 11 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
4.9
/ 10
conviction
Hedge Fund Positioning: CNR
347 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 347 378 -8.2%
13F Shares 49M 49M -0.49%
Total Value $3.84B $5.01B -23.35%
New Positions 57 85 -28
Increased Positions 151 136 +15
Closed Positions 83 45 +38
Reduced Positions 107 112 -5
Total Calls 8 11 -27.27%
Total Puts 9 9 -
PUT/CALL Ratio 1.12 0.82 Neutral

Statistics: CNR

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

347 + investors

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

QUARTER:
Top 25 CNR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Magnolia Group, LLC 7.85% 467,524 $37.4M
2 Flat Footed LLC 7.14% 1,165,762 $93.3M
3 Thomist Capital Management, LP 6.78% 266,532 $21.3M
4 Jb Capital Partners LP 5.78% 466,779 $37.4M
5 Goehring & Rozencwajg Associates, LLC 5.07% 1,100,977 $88.1M
6 DME Capital Management, LP 4.67% 2,283,200 $182.7M
7 GeoSphere Capital Management, LLC 4.13% 157,926 $12.6M
8 Marnell Management LLC 3.96% 128,778 $10.3M
9 Tejara Capital Ltd 3.52% 107,109 $8.6M
10 Summit Street Capital Management, LLC 3.19% 284,218 $22.7M
11 Hartree Partners, LP 3.10% 181,977 $14.6M
12 Mudita Advisors LLP 2.82% 169,400 $13.6M
13 Hourglass Capital, LLC 2.49% 141,251 $11.3M
14 Skylands Capital, LLC 2.22% 226,302 $18.1M
15 Condire Management, LP 1.89% 201,663 $16.1M
16 Old West Investment Management, LLC 1.86% 219,914 $17.6M
17 Mork Capital Management, LLC 1.79% 34,890 $2.8M
18 Villanova Investment Management Co LLC 1.78% 23,458 $1.9M
19 Encompass Capital Advisors LLC 1.68% 589,633 $47.2M
20 Ballast Asset Management, LP 1.61% 50,430 $4.0M
21 Dayah Capital LLC 1.48% 55,000 $4.4M
22 Cloverfields Capital Group, LP 1.38% 57,092 $4.6M
23 Merewether Investment Management, LP 1.04% 687,465 $55.0M
24 Prelude Capital Management, LLC 0.70% 119,078 $9.5M
25 Flat Footed LLC 0.58% 95,000 $7.6M
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 — Core Natural Resources Inc (CNR)

What does the Smart Money Trend signal show for CNR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CNR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CNR?

Slight buying edge — 52% buying: Last quarter: 213 funds bought or added vs 193 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 CNR holders?

Elite ownership — 54% AUM from top-100 funds: 53 of 350 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in CNR. 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 CNR?

Mostly new holders — 32% entered in last year: Only 14 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Core Natural Resources Inc (CNR) following the 2026 Q2 hedge fund 13F filings?

As of today, CNR has moved -3.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.9% for the XLE sector ETF — an outperformance of -7.4%. Since the quarter end (June 30, 2026), CNR has gained +15.6% vs +21.1% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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