Canadian Natural Resources Limited
US ˙ NYSE ˙ CA1363851017

SecurityCNQ / Canadian Natural Resources Limited
InstitutionTd Asset Management Inc
Latest Disclosed Ownership39,940,897 shares
Latest Disclosed Value $ 1,942,165,648
Td Asset Management Inc reports 5.26% increase in ownership of CNQ / Canadian Natural Resources Limited

On May 11, 2026 - Td Asset Management Inc filed a 13F-HR form disclosing ownership of 39,940,897 shares of Canadian Natural Resources Limited (US:CNQ) valued at $1,946,319,911 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 37,945,726 shares of Canadian Natural Resources Limited. This represents a change in shares of 5.26% during the quarter. The current value of the position is $1,825,298,993 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)
2026-05-11 2026-03-31 13F CANADIAN NAT RES LTD MED TER COM 136385101 39,940,897 1,995,171 5.26 1,942,166 50.91 0.8425
2026-02-10 2025-12-31 13F CANADIAN NAT RES COM 136385101 37,945,726 -989,538 -2.54 1,286,957 3.35 1.0354
2025-11-10 2025-09-30 13F CANADIAN NAT RES COM 136385101 38,935,264 -2,645,861 -6.36 1,245,234 -4.53 1.0113
2025-07-28 2025-06-30 13F CANADIAN NAT RES COM 136385101 41,581,125 316,933 0.77 1,304,267 2.74 1.1132
2025-05-07 2025-03-31 13F CANADIAN NAT RES COM 136385101 41,264,192 -1,240,419 -2.92 1,269,535 -3.21 1.1685
2025-02-11 2024-12-31 13F CANADIAN NAT RES COM 136385101 42,504,611 89,612 0.21 1,311,608 -7.11 1.1605
2024-11-01 2024-09-30 13F CANADIAN NAT RES COM 136385101 42,414,999 -103,834 -0.24 1,411,996 -6.75 1.2461
2024-08-02 2024-06-30 13F CANADIAN NAT RES COM 136385101 42,518,833 20,843,193 96.16 1,514,190 -8.51 1.4121
2024-05-08 2024-03-31 13F CANADIAN NAT RES COM 136385101 21,675,640 113,299 0.53 1,655,085 16.59 1.5397
2024-02-12 2023-12-31 13F CANADIAN NAT RES COM 136385101 21,562,341 4,224,598 24.37 1,419,556 26.02 1.3958
2023-10-27 2023-09-30 13F CANADIAN NAT RES COM 136385101 17,337,743 -589,212 -3.29 1,126,440 11.64 1.3647
2023-08-09 2023-06-30 13F CANADIAN NAT RES COM 136385101 17,926,955 182,756 1.03 1,009,030 2.90 1.1492
2023-05-10 2023-03-31 13F CANADIAN NAT RES COM 136385101 17,744,199 -147,763 -0.83 980,595 -1.24 1.1835
2023-02-07 2022-12-31 13F CANADIAN NAT RES COM 136385101 17,891,962 -598,147 -3.23 992,875 14.89 1.2253
2022-11-07 2022-09-30 13F CANADIAN NAT RES COM 136385101 18,490,109 -591,608 -3.10 864,207 -15.54 1.0821
2022-08-04 2022-06-30 13F CANADIAN NAT RES COM 136385101 19,081,717 -1,409,475 -6.88 1,023,204 -19.43 1.1854
2022-05-10 2022-03-31 13F CANADIAN NAT RES COM 136385101 20,491,192 -1,681,042 -7.58 1,269,943 35.36 0.7502
2022-05-10 2022-03-31 13F CANADIAN NAT RES COM 136385101 649,090 40,227
2022-02-10 2021-12-31 13F CANADIAN NAT RES COM 136385101 22,172,234 -874,423 -3.79 938,214 11.36 0.7856
2021-11-09 2021-09-30 13F CANADIAN NAT RES COM 136385101 23,046,657 -481,345 -2.05 842,476 8.57 0.8746
2021-08-11 2021-06-30 13F CANADIAN NAT RES COM 136385101 23,528,002 -38,169 -0.16 775,943 6.52 0.7877
2021-05-14 2021-03-31 13F CANADIAN NAT RES COM 136385101 23,566,171 1,184,127 5.29 728,445 35.55 0.8142
2021-02-16 2020-12-31 13F CANADIAN NAT RES COM 136385101 22,382,044 3,614,606 19.26 537,415 79.24 0.6525
2020-11-10 2020-09-30 13F CANADIAN NAT RES COM 136385101 18,767,438 -6,443,020 -25.56 299,830 -31.22 0.4159
2020-08-13 2020-06-30 13F CANADIAN NAT RES COM 136385101 25,210,458 -1,573,724 -5.88 435,908 20.34 0.6201
2020-05-15 2020-03-31 13F CANADIAN NAT RES COM 136385101 26,784,182 -82,167 -0.31 362,241 -58.37 0.6130
2020-02-11 2019-12-31 13F CANADIAN NAT RES COM 136385101 26,866,349 275,565 1.04 870,165 22.91 1.2633
2019-11-07 2019-09-30 13F CANADIAN NAT RES COM 136385101 26,590,784 -813,053 -2.97 707,949 -4.39 1.0822
2019-08-01 2019-06-30 13F CANADIAN NAT RES COM 136385101 27,403,837 473,090 1.76 740,486 0.12 1.1088
2019-05-08 2019-03-31 13F CANADIAN NAT RES COM 136385101 26,930,747 1,383,266 5.41 739,615 20.03 1.1290
2019-02-01 2018-12-31 13F CANADIAN NAT RES COM 136385101 25,547,481 -1,011,467 -3.81 616,187 -28.94 1.0718
2018-11-01 2018-09-30 13F CANADIAN NAT RES COM 136385101 26,558,948 -413,848 -1.53 867,080 -10.88 1.2827
2018-07-31 2018-06-30 13F CANADIAN NAT RES COM 136385101 26,972,796 505,215 1.91 972,944 17.02 1.4826
2018-05-11 2018-03-31 13F CANADIAN NAT RES COM 136385101 26,467,581 2,804,372 11.85 831,444 -1.99 1.2728
2018-02-02 2017-12-31 13F CANADIAN NAT RES COM 136385101 23,663,209 152,054 0.65 848,347 7.98 1.2359
2017-11-09 2017-09-30 13F CANADIAN NAT RES COM 136385101 23,511,155 1,437,849 6.51 785,617 23.52 1.1778
2017-08-01 2017-06-30 13F CANADIAN NAT RES COM 136385101 22,073,306 136,364 0.62 636,007 -11.19 1.0023
2017-05-05 2017-03-31 13F CANADIAN NAT RES COM 136385101 21,936,942 1,546,425 7.58 716,181 10.08 1.1422
2017-02-08 2016-12-31 13F CANADIAN NAT RES COM 136385101 20,390,517 96,422 0.48 650,617 0.46 1.0972
2016-11-02 2016-09-30 13F CANADIAN NAT RES COM 136385101 20,294,095 398,065 2.00 647,620 6.05 1.1206
2016-08-04 2016-06-30 13F CANADIAN NAT RES COM 136385101 19,896,030 255,897 1.30 610,654 14.48 1.1076
2016-05-05 2016-03-31 13F CANADIAN NAT RES COM 136385101 19,640,133 -174,053 -0.88 533,424 23.75 0.9975
2016-02-04 2015-12-31 13F CANADIAN NAT RES COM 136385101 19,814,186 -262,572 -1.31 431,060 10.75 0.8551
2015-11-12 2015-09-30 13F CANADIAN NAT RES COM 136385101 20,076,758 94,856 0.47 389,210 -28.31 0.7663
2015-08-11 2015-06-30 13F CANADIAN NAT RES COM 136385101 19,981,902 -934,562 -4.47 542,906 -15.32 0.9695
2015-04-28 2015-03-31 13F CANADIAN NAT RES COM 136385101 20,916,464 20,916,464 0.00 641,120 1.1571
2015-01-30 2014-12-31 13F CANADIAN NAT RES COM 136385101 0 -20,734,259 -100.00 0 -100.00
2014-11-06 2014-09-30 13F CANADIAN NAT RES COM 136385101 20,734,259 164,832 0.80 807,254 -14.74 1.3923
2014-08-12 2014-06-30 13F CANADIAN NAT RES COM 136385101 20,569,427 235,863 1.16 946,833 21.30 1.6131
2014-05-09 2014-03-31 13F CANADIAN NAT RES COM 136385101 20,333,564 964,102 4.98 780,551 19.13 1.4197
2014-02-07 2013-12-31 13F CANADIAN NAT RES COM 136385101 19,369,462 665,566 3.56 655,189 11.24 1.2239
2013-11-08 2013-09-30 13F CANADIAN NAT RES COM 136385101 18,703,896 -94,912 -0.50 589,012 11.48 1.1702
2013-07-24 2013-06-30 13F CANADIAN NAT RES COM 136385101 18,798,808 18,798,808 528,352 1.1332
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.