Free · no sign-up · Q2 2026

Which funds own CNQ

Canadian Nat Res LTD Med Ter in the Q2 2026 filings. At least 10 of the 91 current managers on file reported a position, worth $17.7bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 7 managers opened or added against 4 cutting.

Managers holding: 10; at least, of 91 current
Combined value: $17.7bn; as reported
Opened: 2; new this quarter
Added to: 5; already held
Trimmed or sold out: 4; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Capital World Investors Long-only · $846bn book	$8.6bn	1.0%	217,960,835	-$1.0bn+20,281,072	Added
Capital Research Global Investors Long-only · $717bn book	$4.6bn	0.6%	116,067,730	-$3.4bn-48,364,929	Trimmed
Fidelity (FMR LLC) Long-only · $2304bn book	$2.5bn	0.1%	64,243,259	-$1.6bn-20,960,566	Trimmed
T. Rowe Price Associates Inc Long-only · $999bn book	$1.0bn	0.1%	26,101,709	-$90m+3,094,883	Added
Arrowstreet Capital LP Quantitative · $225bn book	$629m	0.3%	15,929,234	-$782m-13,027,111	Trimmed
Two Sigma Investments LP Quantitative · $138bn book	$193m	0.1%	4,889,895	+$184m+4,695,453	Added
Renaissance Technologies LLC Quantitative · $72.6bn book	$113m	0.2%	2,859,500	opened2,859,500	New
Quantbot Technologies LP Quantitative · $2.5bn book	$9.4m	0.4%	236,761	opened236,761	New
PDT Partners LLC Quantitative · $1.9bn book	$4.9m	0.3%	124,330	+$900k+42,675	Added
Maverick Capital Ltd Long/short equity · $11.3bn book	$1.9m	0.0%	46,850	-$400k+800	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Egerton Capital UK LLP · Long/short equity$277m held before

Ownership through time

At least 16 of the 95 managers whose filings are on file listed CNQ in Q2 2026, against 11 in Q2 2013. 3 managers more than in Q1 2026: 2 started positions; 2 listed it again; 1 sold out, by its own filing.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Renaissance Technologies LLC$113m
Quantbot Technologies LP$9.4m

Largest increases, by shares

Capital World Investors197,679,763 to 217,960,835 shares+$802m
T. Rowe Price Associates Inc23,006,826 to 26,101,709 shares+$122m
Renaissance Technologies LLCnew: 2,859,500 shares+$113m
Wellington Management Group LLP8,374,795 to 9,848,227 shares+$58m
AQR Capital Management LLC4,708,442 to 5,613,183 shares+$36m

Largest decreases, by shares

Capital Research Global Investors164,432,659 to 116,067,730 shares-$1.9bn
Fidelity (FMR LLC)85,203,825 to 64,243,259 shares-$829m
Arrowstreet Capital LP28,956,345 to 15,929,234 shares-$515m
MFS Investment Management2,379,868 to 1,983,108 shares-$22m
Voloridge Investment Management LLC824,002 to 484,946 shares-$13m

Left it

Egerton Capital UK LLPwas $277m

Manager	First listed	Largest	Q2 2026
Capital World Investors	Q2 2013	$11.0bn	$8.6bn
Capital Research Global Investors	Q2 2013	$8.0bn	$4.6bn
Fidelity (FMR LLC)	Q2 2013	$5.1bn	$2.5bn
T. Rowe Price Associates Inc	Q3 2014	$1.4bn	$1.0bn
Arrowstreet Capital LP	Q3 2018	$1.4bn	$629m
Jane Street Group LLC	Q1 2014	$406m	$406m
Wellington Management Group LLP	Q2 2013	$1.8bn	$389m
AQR Capital Management LLC	Q4 2014	$230m	$222m
Two Sigma Investments LP	Q4 2013	$193m	$193m
Janus Henderson Group Ltd	Q2 2017	$334m	$186m
Renaissance Technologies LLC	Q3 2013	$113m	$113m
MFS Investment Management	Q2 2013	$393m	$111m
Voloridge Investment Management LLC	Q3 2014	$152m	$19m
Quantbot Technologies LP	Q2 2013	$17m	$9.4m
PDT Partners LLC	Q3 2013	$7.4m	$4.9m
First Eagle Investment Management LLC	Q2 2013	$1.2bn	last listed Q4 2018
Invesco Ltd	Q2 2013	$1.1bn	last listed Q3 2023
Acadian Asset Management LLC	Q3 2013	$280m	last listed Q2 2025
Egerton Capital UK LLP	Q1 2026	$277m	last listed Q1 2026
Discovery Capital Management LLC	Q1 2014	$266m	last listed Q4 2014
Point72 Asset Management LP	Q2 2014	$224m	last listed Q1 2025
D. E. Shaw & Co.	Q2 2013	$215m	last listed Q1 2025
AllianceBernstein LP	Q2 2014	$203m	last listed Q2 2018
Soroban Capital Partners LP	Q4 2021	$176m	last listed Q4 2023
Balyasny Asset Management LLC	Q1 2014	$124m	last listed Q2 2025

What CNQ is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around CNQ →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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