L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
489,727,070
combined, among listed positions
Reported value
$16.6bn
combined, at the quarter end

Among the 92 comparable managers: 9 buyers (opened or added shares) and 26 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +43,118,081.

Managers listing CNQ in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

26 of 26 holders

ActionFiling
Capital World Investors199,820,601$6.8bn0.92%Trimmed-3,513,33811 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors146,331,336$5.0bn0.91%Added+35,067,14311 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)91,223,138$3.1bn0.16%Added+14,309,89417 Feb 2026 (the filing on sec.gov)
MFS Investment Management11,616,347$393m0.13%Added+7,455,28622 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP9,551,007$323m0.06%Trimmed-444,64017 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd7,495,778$254m0.11%Trimmed-542,89117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc6,750,206$228munder 0.1%Trimmed-418,96317 Feb 2026 (the filing on sec.gov)
Invesco Ltd5,377,185$182munder 0.1%Trimmed-333,74219 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC3,680,735$125m0.07%Added+3,647,63617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC2,352,288$80m0.28%Trimmed-534,68017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,537,075$52m0.07%Trimmed-1,816,94517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,354,448$46munder 0.1%Added+678,01317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC697,065$24munder 0.1%Added+53,43427 Oct 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP447,083$15m0.12%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP371,258$13munder 0.1%Trimmed-1,342,70017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP239,994$8.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP225,994$7.7munder 0.1%Trimmed-6517 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP175,000$5.9m0.09%Newnew17 Feb 2026 (the filing on sec.gov)
Millennium Management LLC167,941$5.7munder 0.1%Trimmed-811,94617 Feb 2026 (the filing on sec.gov)
PDT Partners LLC136,031$4.6m0.30%Trimmed-96,67417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC87,186$3.0munder 0.1%Trimmed-1,330,34012 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP33,293$1.1munder 0.1%Held013 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC20,900$707kunder 0.1%Trimmed-73,00010 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.13,742$465kunder 0.1%Trimmed-142,50417 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC12,181$413kunder 0.1%Trimmed-19,68517 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 16 in Q2 2026

Tracked managers listing it, at least.

0102030split2014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CNQ by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201312$4.0bnn.a.n.a.
Q3 201316$4.5bnn.a.n.a.
Q4 201312$4.9bnn.a.n.a.
Q1 201416$5.2bnn.a.n.a.
Q2 201420$7.0bnn.a.n.a.
Q3 201420$6.5bnn.a.n.a.
Q4 201416$6.3bnn.a.n.a.
Q1 201514$6.9bnn.a.n.a.
Q2 201513$6.5bnn.a.n.a.
Q3 201514$4.9bnn.a.n.a.
Q4 201511$5.7bnn.a.n.a.
Q1 201612$7.3bnn.a.n.a.
Q2 201615$8.7bnn.a.n.a.
Q3 201616$8.9bnn.a.n.a.
Q4 201616$9.1bnn.a.n.a.
Q1 201713$8.4bnn.a.n.a.
Q2 201715$7.3bnn.a.n.a.
Q3 201715$8.5bnn.a.n.a.
Q4 201712$8.8bnn.a.n.a.
Q1 201819$7.2bnn.a.n.a.
Q2 201819$8.8bnn.a.n.a.
Q3 201817$7.7bnn.a.n.a.
Q4 201816$5.5bnn.a.n.a.
Q1 201920$5.5bnn.a.n.a.
Q2 201916$4.9bnn.a.n.a.
Q3 201917$5.1bnn.a.n.a.
Q4 201915$6.6bnn.a.n.a.
Q1 202012$2.7bnn.a.n.a.
Q2 202015$4.1bnn.a.n.a.
Q3 202010$3.6bnn.a.n.a.
Q4 202012$6.6bnn.a.n.a.
Q1 202116$9.4bnn.a.n.a.
Q2 202115$11.4bnn.a.n.a.
Q3 202116$11.6bnn.a.n.a.
Q4 202115$14.1bnn.a.n.a.
Q1 202217$23.2bnn.a.n.a.
Q2 202218$19.8bnn.a.n.a.
Q3 202220$15.6bnn.a.n.a.
Q4 202216$19.0bnn.a.n.a.
Q1 202314$18.3bnn.a.n.a.
Q2 202314$17.5bnn.a.n.a.
Q3 202315$20.0bnn.a.n.a.
Q4 202313$19.1bn79
Q1 202419$22.3bn155
Q2 2024 (split)17$19.1bn13
Q3 202420$17.1bn119
Q4 202419$15.5bn513
Q1 202522$13.9bn175
Q2 202517$13.9bn89
Q3 202513$13.9bn58
Q4 202514$16.3bn926
Q1 202613$25.7bn1913
Q2 202616$19.1bn2410

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

CNQ and GEV →CNQ and XOM →CNQ and CVX →Choose a stock to compare with CNQ →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own CNQ, latest filings →Back to the 13F Explorer →