L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
35
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
33,165,120
combined, among listed positions
Reported value
$1.2bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +647,991.

Managers listing CNX 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.

35 of 35 holders

ActionFiling
Neuberger Berman Group LLC7,115,651$262m0.19%Trimmed-1,105,66627 Oct 2026 (the filing on sec.gov)
D. E. Shaw & Co.6,398,316$235m0.13%Added+1,965,45817 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors4,765,039$175munder 0.1%Added+815,03911 Feb 2026 (the filing on sec.gov)
Southeastern Asset Management Inc4,735,824$174m7.76%Trimmed-16,80513 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,400,922$52m0.07%Added+639,53717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC958,853$35munder 0.1%Trimmed-143,92517 Feb 2026 (the filing on sec.gov)
Man Group PLC882,956$32m0.06%Trimmed-150,21017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP848,000$31m0.06%Added+420,50017 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp776,427$29m0.05%Added+161,88917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC736,174$27m0.10%Added+65,67217 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP708,044$26munder 0.1%Added+682,35217 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP633,242$23munder 0.1%Added+436,61717 Feb 2026 (the filing on sec.gov)
Invesco Ltd498,385$18munder 0.1%Trimmed-40,18619 Feb 2026 (the filing on sec.gov)
Millennium Management LLC327,088$12munder 0.1%Added+4,17217 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC325,968$12munder 0.1%Added+236,73212 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC318,727$12munder 0.1%Trimmed-2,072,36317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP262,322$9.6munder 0.1%Trimmed-19,44917 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc200,085$7.4m0.07%Held05 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP188,344$6.9m0.05%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC156,673$5.8munder 0.1%Trimmed-4,04313 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc135,183$5.0munder 0.1%Added+16717 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC128,129$4.7munder 0.1%Added+32,95717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC119,278$4.4munder 0.1%Trimmed-59,88013 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP94,782$3.5munder 0.1%Added+59,49817 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP85,936$3.2munder 0.1%Trimmed-13,33013 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.

Exited (0)

No exit shown by a manager’s own filing.

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.
10 in Q3 2024 to 9 in Q2 2026

Tracked managers listing it, at least.

051015201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CNX by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20178$949mn.a.n.a.
Q1 201810$1.0bnn.a.n.a.
Q2 201811$1.2bnn.a.n.a.
Q3 20187$838mn.a.n.a.
Q4 20187$669mn.a.n.a.
Q1 20198$623mn.a.n.a.
Q2 20196$424mn.a.n.a.
Q3 20195$419mn.a.n.a.
Q4 20196$510mn.a.n.a.
Q1 20203$258mn.a.n.a.
Q2 20204$356mn.a.n.a.
Q3 20205$388mn.a.n.a.
Q4 20203$416mn.a.n.a.
Q1 20215$474mn.a.n.a.
Q2 20212$388mn.a.n.a.
Q3 20215$425mn.a.n.a.
Q4 20214$451mn.a.n.a.
Q1 20228$689mn.a.n.a.
Q2 202211$468mn.a.n.a.
Q3 202210$344mn.a.n.a.
Q4 20225$278mn.a.n.a.
Q1 20235$279mn.a.n.a.
Q2 20237$390mn.a.n.a.
Q3 202311$643mn.a.n.a.
Q4 202310$532m56
Q1 202410$710m82
Q2 202410$684m46
Q3 202410$763m57
Q4 202415$944m86
Q1 202513$811m104
Q2 202512$848m56
Q3 202511$826m55
Q4 202514$1.0bn1914
Q1 202611$1.0bn1423
Q2 20269$788m1519

Compare with…

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

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

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 CNX, latest filings →Back to the 13F Explorer →