Canadian Natural Resources Limited
US ˙ NYSE ˙ CA1363851017

SecurityCNQ / Canadian Natural Resources Limited
InstitutionWetherby Asset Management Inc
Latest Disclosed Ownership21,527 shares
Latest Disclosed Value $ 688,003
Wetherby Asset Management Inc reports 14.69% decrease in ownership of CNQ / Canadian Natural Resources Limited

On November 14, 2025 - Wetherby Asset Management Inc filed a 13F-HR form disclosing ownership of 21,527 shares of Canadian Natural Resources Limited (US:CNQ) valued at $688,003 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 25,235 shares of Canadian Natural Resources Limited. This represents a change in shares of -14.69% during the quarter. The current value of the position is $983,784 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)
2025-11-14 2025-09-30 13F CANADIAN NAT RES COM 136385101 21,527 -3,708 -14.69 688 -13.13 0.0281
2025-08-14 2025-06-30 13F CANADIAN NAT RES COM 136385101 25,235 -2,666 -9.56 792 -8.01 0.0353
2025-02-14 2024-12-31 13F CANADIAN NAT RES COM 136385101 27,901 -2,121 -7.06 861 -13.64 0.0413
2024-11-14 2024-09-30 13F CANADIAN NAT RES COM 136385101 30,022 -237 -0.78 997 -7.43 0.0456
2024-08-14 2024-06-30 13F CANADIAN NAT RES COM 136385101 30,259 15,015 98.50 1,077 -7.39 0.0508
2024-05-15 2024-03-31 13F CANADIAN NAT RES COM 136385101 15,244 -799 -4.98 1,163 10.66 0.0554
2024-02-14 2023-12-31 13F CANADIAN NAT RES COM 136385101 16,043 1,149 7.71 1,051 9.14 0.0548
2023-11-14 2023-09-30 13F CANADIAN NAT RES COM 136385101 14,894 691 4.87 963 20.53 0.0546
2023-08-14 2023-06-30 13F CANADIAN NAT RES COM 136385101 14,203 137 0.97 799 2.70 0.0430
2023-05-12 2023-03-31 13F CANADIAN NAT RES COM 136385101 14,066 -104 -0.73 779 -1.02 0.0456
2023-02-14 2022-12-31 13F CANADIAN NAT RES COM 136385101 14,170 -181 -1.26 787 17.66 0.0505
2022-11-14 2022-09-30 13F CANADIAN NAT RES COM 136385101 14,351 2,239 18.49 668 2.77 0.0471
2022-08-15 2022-06-30 13F CANADIAN NAT RES COM 136385101 12,112 -15 -0.12 650 -13.56 0.0444
2022-05-16 2022-03-31 13F CANADIAN NAT RES COM 136385101 12,127 801 7.07 752 56.99 0.0431
2022-02-14 2021-12-31 13F CANADIAN NAT RES COM 136385101 11,326 406 3.72 479 20.05 0.0269
2021-11-15 2021-09-30 13F CANADIAN NAT RES COM 136385101 10,920 504 4.84 399 5.56 0.0246
2021-08-16 2021-06-30 13F CANADIAN NAT RES COM 136385101 10,416 403 4.02 378 22.33 0.0231
2021-05-14 2021-03-31 13F CANADIAN NAT RES COM 136385101 10,013 -138 -1.36 309 26.64 0.0235
2021-02-11 2020-12-31 13F CANADIAN NAT RES COM 136385101 10,151 10,151 244 0.0165
2020-05-06 2020-03-31 13F CANADIAN NAT RES COM 136385101 0 -20,942 -100.00 0 -100.00
2020-01-28 2019-12-31 13F CANADIAN NAT RES COM 136385101 20,942 2,746 15.09 678 40.08 0.0668
2019-10-31 2019-09-30 13F CANADIAN NAT RES COM 136385101 18,196 -4,705 -20.54 484 -21.56 0.0505
2019-07-25 2019-06-30 13F CANADIAN NAT RES COM 136385101 22,901 968 4.41 617 2.32 0.0675
2019-07-25 2019-03-31 13F/A-1 CANADIAN NAT RES COM 136385101 21,933 808 3.82 603 18.24 0.0751
2019-05-09 2019-03-31 13F CANADIAN NAT RES COM 136385101 21,933 808 603
2019-01-30 2018-12-31 13F CANADIAN NAT RES COM 136385101 21,125 -2,288 -9.77 510 -33.33 0.0721
2018-11-07 2018-09-30 13F CANADIAN NAT RES COM 136385101 23,413 1,140 5.12 765 -4.85 0.0945
2018-07-24 2018-06-30 13F CANADIAN NAT RES COM 136385101 22,273 232 1.05 804 16.02 0.1088
2018-05-04 2018-03-31 13F CANADIAN NAT RES COM 136385101 22,041 1,154 5.52 693 -7.10 0.0957
2018-02-09 2017-12-31 13F CANADIAN NAT RES COM 136385101 20,887 158 0.76 746 7.49 0.1035
2017-11-13 2017-09-30 13F CANADIAN NAT RES COM 136385101 20,729 2,228 12.04 694 30.21 0.1032
2017-08-01 2017-06-30 13F CANADIAN NAT RES COM 136385101 18,501 4,855 35.58 533 18.97 0.0907
2017-04-27 2017-03-31 13F CANADIAN NAT RES COM 136385101 13,646 -998 -6.82 448 -4.07 0.0806
2017-02-08 2016-12-31 13F CANADIAN NAT RES COM 136385101 14,644 -1,294 -8.12 467 -8.61 0.0915
2016-11-14 2016-09-30 13F CANADIAN NAT RES COM 136385101 15,938 979 6.54 511 10.85 0.1034
2016-08-10 2016-06-30 13F CANADIAN NAT RES COM 136385101 14,959 975 6.97 461 21.96 0.1022
2016-05-10 2016-03-31 13F CANADIAN NAT RES COM 136385101 13,984 -2,406 -14.68 378 5.59 0.0891
2016-02-08 2015-12-31 13F CANADIAN NAT RES COM 136385101 16,390 6,323 62.81 358 82.65 0.0858
2015-11-12 2015-09-30 13F CANADIAN NAT RES COM 136385101 10,067 625 6.62 196 -23.44 0.0502
2015-08-12 2015-06-30 13F CANADIAN NAT RES COM 136385101 9,442 942 11.08 256 -1.92 0.0615
2015-05-08 2015-03-31 13F CANADIAN NAT RES COM 136385101 8,500 221 2.67 261 1.95 0.0635
2015-02-12 2014-12-31 13F CANADIAN NAT RES COM 136385101 8,279 358 4.52 256 -16.88 0.0644
2014-11-03 2014-09-30 13F CANADIAN NAT RES COM 136385101 7,921 357 4.72 308 -11.24 0.0859
2014-08-01 2014-06-30 13F CANADIAN NAT RES COM 136385101 7,564 -785 -9.40 347 8.44 0.0980
2014-05-05 2014-03-31 13F/A-1 CANADIAN NAT RES COM 136385101 8,349 174 2.13 320 15.52 0.0917
2014-04-30 2014-03-31 13F CANADIAN NAT RES COM 136385101 8,349 320
2014-01-29 2013-12-31 13F CANADIAN NAT RES COM 136385101 8,175 497 6.47 277 14.94 0.0790
2013-10-29 2013-09-30 13F CANADIAN NAT RES COM 136385101 7,678 -435 -5.36 241 5.24 0.0752
2013-07-24 2013-06-30 13F CANADIAN NAT RES COM 136385101 8,113 8,113 229 0.0798
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.