Canadian Natural Resources Limited
US ˙ NYSE ˙ CA1363851017

SecurityCNQ / Canadian Natural Resources Limited
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in CNQ / Canadian Natural Resources Limited

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of Canadian Natural Resources Limited (US:CNQ) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 617,770 shares of Canadian Natural Resources Limited. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F CANADIAN NAT RES COM 136385101 0 -100.00 0
2025-11-13 2025-09-30 13F CANADIAN NAT RES COM 136385101 617,770 -171,707 -21.75 19,744 -25.65 0.0101
2025-08-14 2025-06-30 13F CANADIAN NAT RES COM 136385101 789,477 -13,205 -1.65 26,555 -0.50 0.0326
2025-08-14 2025-03-31 13F/A-1 CANADIAN NAT RES COM 136385101 802,682 128,263 19.02 26,688 28.19 0.0331
2025-05-15 2025-03-31 13F CANADIAN NAT RES COM 136385101 802,682 128,263 26,688 0.0218
2025-02-14 2024-12-31 13F CANADIAN NAT RES COM 136385101 674,419 17,732 2.70 20,819 -4.54 0.0253
2024-11-14 2024-09-30 13F CANADIAN NAT RES COM 136385101 656,687 -197,850 -23.15 21,808 -28.31 0.0235
2024-08-09 2024-06-30 13F CANADIAN NAT RES COM 136385101 854,537 453,987 113.34 30,421 -0.48 0.0349
2024-05-14 2024-03-31 13F CANADIAN NAT RES COM 136385101 400,550 -17,983 -4.30 30,570 11.48 0.0347
2024-02-14 2023-12-31 13F CANADIAN NAT RES COM 136385101 418,533 -447,696 -51.68 27,422 -51.05 0.0317
2023-11-14 2023-09-30 13F CANADIAN NAT RES COM 136385101 866,229 -11,953 -1.36 56,019 13.38 0.0704
2023-10-27 2023-06-30 13F/A-2 CANADIAN NAT RES COM 136385101 878,182 -23,704 -2.63 49,407 -1.02 0.0565
2023-10-12 2023-06-30 13F/A-1 CANADIAN NAT RES COM 136385101 878,182 -23,704 49,407 0.0497
2023-08-14 2023-06-30 13F CANADIAN NAT RES COM 136385101 878,182 -23,704 49,407 0.0501
2023-06-01 2023-03-31 13F/A-1 CANADIAN NAT RES COM 136385101 901,886 8,953 1.00 49,919 0.67 0.0593
2023-05-15 2023-03-31 13F CANADIAN NAT RES COM 136385101 901,886 8,953 49,919 0.0458
2023-02-21 2022-12-31 13F CANADIAN NAT RES COM 136385101 892,933 -265,722 -22.93 49,585 -8.11 0.0586
2022-11-14 2022-09-30 13F CANADIAN NAT RES COM 136385101 1,158,655 -224,255 -16.22 53,959 -27.31 0.0662
2022-08-17 2022-06-30 13F/A-1 CANADIAN NAT RES COM 136385101 1,382,910 -90,102 -6.12 74,234 -18.69 0.0833
2022-08-15 2022-06-30 13F CANADIAN NAT RES COM 136385101 1,382,910 -90,102 74,234 0.0266
2022-05-16 2022-03-31 13F CANADIAN NAT RES COM 136385101 1,473,012 -165,210 -10.08 91,298 31.90 0.0694
2022-02-11 2021-12-31 13F Canadian Natural Resources COM 136385101 1,638,222 -1,590,085 -49.25 69,215 -41.32 0.0577
2021-11-12 2021-09-30 13F CANADIAN NAT RES COM 136385101 3,228,307 -17,122 -0.53 117,963 0.19 0.1005
2021-08-13 2021-06-30 13F CANADIAN NAT RES COM 136385101 3,245,429 3,232,983 25,976.08 117,745 30,562.76 0.0967
2021-05-14 2021-03-31 13F CANADIAN NAT RES COM 136385101 12,446 5,321 74.68 384 124.56 0.0005
2021-02-16 2020-12-31 13F CANADIAN NAT RES COM 136385101 7,125 753 11.82 171 67.65 0.0002
2020-11-13 2020-09-30 13F CANADIAN NAT RES COM 136385101 6,372 449 7.58 102 -0.97 0.0002
2020-08-11 2020-06-30 13F CANADIAN NAT RES COM 136385101 5,923 43 0.73 103 28.75 0.0002
2020-05-15 2020-03-31 13F CANADIAN NAT RES COM 136385101 5,880 -2,274 -27.89 80 -69.70 0.0002
2020-03-18 2019-12-31 13F/A-2 CANADIAN NAT RES COM 136385101 8,154 -2,833 -25.79 264 -10.81 0.0004
2020-02-28 2019-12-31 13F/A-1 CANADIAN NAT RES COM 136385101 8,154 0 264 0.0004
2020-02-14 2019-12-31 13F CANADIAN NAT RES COM 136385101 8,154 -2,833 264 331.2976
2019-11-06 2019-06-30 13F/A-2 CANADIAN NAT RES COM 136385101 10,987 -5,653 -33.97 296 -35.09 0.0005
2019-09-24 2019-06-30 13F/A-1 CANADIAN NAT RES COM 136385101 10,987 0 296 0.0005
2019-08-14 2019-06-30 13F CANADIAN NAT RES COM 136385101 10,987 -5,653 296
2019-05-15 2019-03-31 13F CANADIAN NAT RES COM 136385101 16,640 -19,200 -53.57 456 -47.28 0.0008
2019-02-15 2018-12-31 13F CANADIAN NAT RES COM 136385101 35,840 1,840 5.41 865 -22.00 0.0017
2018-11-15 2018-09-30 13F CANADIAN NAT RES COM 136385101 34,000 34,000 -82.08 1,109 -81.40 0.0018
2014-02-14 2013-12-31 13F CDN NTRL RES Common Stock 136385101 0 -189,750 -100.00 0 -100.00
2013-11-14 2013-09-30 13F CDN NTRL RES Common Stock 136385101 189,750 -2,794 -1.45 5,963 9.59 0.0117
2013-08-16 2013-06-30 13F/A-1 CDN NTRL RES COMMON 136385101 192,544 192,544 5,441 0.0119
2013-08-14 2013-06-30 13F CDN NTRL RES COMMON 136385101 192,544 5,441 0.0119
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.