Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Core Natural Resources Inc (CNR)

373 + 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
↑ +37
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — CNR

Based on 374 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added CNR 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
374 hedge funds hold CNR 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
+63 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 — 58% buying

221 buying160 selling
Last quarter: 221 funds bought or added vs 160 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.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new CNR position: 43 → 65 → 71 → 82. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 41% entered in last year

■ 4% conviction (2yr+) ■ 56% medium ■ 41% 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.
💰

Price up while funds trimmed (+13% value, -2% shares)

Value
+13%
Shares
-2%
Last quarter: total value of institutional CNR holdings rose +13% even though funds reduced share count by 2%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

299 → 43 → 65 → 71 → 82 new funds/Q
New funds entering each quarter: 43 → 65 → 71 → 82. A growing number of institutions are discovering CNR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 95% of holders entered in last year

■ 2% veterans ■ 3% 1-2yr ■ 95% new
Of 389 current holders: 369 (95%) entered in the past year, only 8 (2%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
50 of 369 holders are among the 100 largest funds by AUM, controlling 41% 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.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 221 hedge funds were net buyers of CNR (82 opened a new position, 139 added to an existing one), while 160 reduced or exited (115 trimmed, 45 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 41% of total institutional value in CNR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +37 funds (more new holders than closures). Total institutional holders: 374.

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 Q1 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 March 31, 2026 · 76d ago
CNR
-12.0%
XLE
-6.1%

CNR outperformed XLE by -5.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
CNR
+11.5%
XLE
-3.2%

Since the filing became public, CNR outperformed XLE by +14.7% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

33 top-rated funds 11 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
6.5
/ 10
conviction
Hedge Fund Positioning: CNR
373 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 373 337 10.68%
13F Shares 49M 50M -2.34%
Total Value $5.00B $4.41B 13.24%
New Positions 82 71 +11
Increased Positions 135 102 +33
Closed Positions 46 59 -13
Reduced Positions 111 125 -14
Total Calls 11 9 22.22%
Total Puts 9 6 50.0%
PUT/CALL Ratio 0.82 0.67 Neutral

Statistics: CNR

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Institutional Holders (2026 Q1)

373 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Magnolia Group, LLC 11.74% 602,500 $63.1M
2 Jb Capital Partners LP 8.42% 466,779 $48.9M
3 Thomist Capital Management, LP 6.34% 224,799 $23.5M
4 GeoSphere Capital Management, LLC 6.31% 137,926 $14.4M
5 DME Capital Management, LP 6.10% 1,858,140 $194.6M
6 Summit Street Capital Management, LLC 4.52% 305,260 $32.0M
7 Goehring & Rozencwajg Associates, LLC 3.99% 708,225 $74.2M
8 Old West Investment Management, LLC 3.33% 293,163 $30.7M
9 Mudita Advisors LLP 3.09% 144,400 $15.1M
10 Tejara Capital Ltd 3.00% 86,809 $9.1M
11 Skylands Capital, LLC 2.93% 213,577 $22.4M
12 Hourglass Capital, LLC 2.71% 124,376 $13.0M
13 Marnell Management LLC 2.69% 73,984 $7.7M
14 Mork Capital Management, LLC 2.59% 34,890 $3.7M
15 Ballast Asset Management, LP 2.37% 50,920 $5.3M
16 Hartree Partners, LP 2.35% 104,829 $11.0M
17 Villanova Investment Management Co LLC 2.23% 20,818 $2.2M
18 Condire Management, LP 2.04% 201,663 $21.1M
19 Cloverfields Capital Group, LP 1.93% 57,094 $6.0M
20 Encompass Capital Advisors LLC 1.57% 500,000 $52.4M
21 Merewether Investment Management, LP 1.47% 726,634 $76.1M
22 Portolan Capital Management, LLC 1.32% 237,036 $24.8M
23 Flat Footed LLC 1.08% 95,000 $9.9M
24 Plustick Management LLC 1.01% 20,000 $2.1M
25 Forest Avenue Capital Management LP 0.94% 151,500 $15.9M
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added CNR 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 CNR?

Slight buying edge — 58% buying: Last quarter: 221 funds bought or added vs 160 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 — 41% AUM from top-100 funds: 50 of 369 holders are among the 100 largest funds by AUM, controlling 41% 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 — 41% 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 Q1 hedge fund 13F filings?

As of today, CNR has moved +11.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.2% for the XLE sector ETF — an outperformance of +14.7%. Since the quarter end (March 31, 2026), CNR has gained -12.0% vs -6.1% for XLE. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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