Canadian Natural Resources Limited
US ˙ NYSE ˙ CA1363851017

SecurityCNQ / Canadian Natural Resources Limited
InstitutionCoreCommodity Management, LLC
Latest Disclosed Ownership69,922 shares
Latest Disclosed Value $ 3,399,764
CoreCommodity Management, LLC reports 65.79% increase in ownership of CNQ / Canadian Natural Resources Limited

On May 15, 2026 - CoreCommodity Management, LLC filed a 13F-HR form disclosing ownership of 69,922 shares of Canadian Natural Resources Limited (US:CNQ) valued at $3,407,299 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 42,174 shares of Canadian Natural Resources Limited. This represents a change in shares of 65.79% during the quarter. The current value of the position is $3,334,580 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)
2026-05-15 2026-03-31 13F CANADIAN NATURAL RESOURCES COM 136385101 69,922 27,748 65.79 3,400 137.86 0.6288
2026-02-12 2025-12-31 13F CANADIAN NAT RES COM 136385101 42,174 29,194 224.92 1,429 244.34 0.3000
2025-11-14 2025-09-30 13F CANADIAN NAT RES COM 136385101 12,980 -39,684 -75.35 415 -74.91 0.0753
2025-08-14 2025-06-30 13F CANADIAN NAT RES COM 136385101 52,664 -3,417 -6.09 1,655 -4.23 0.2724
2025-05-15 2025-03-31 13F CANADIAN NAT RES COM 136385101 56,081 26,568 90.02 1,727 89.99 0.2808
2025-02-14 2024-12-31 13F CANADIAN NAT RES COM 136385101 29,513 153 0.52 910 -6.77 0.1777
2024-11-14 2024-09-30 13F CANADIAN NAT RES COM 136385101 29,360 -25,214 -46.20 975 -49.79 0.1796
2024-08-14 2024-06-30 13F CANADIAN NAT RES COM 136385101 54,574 26,037 91.24 1,943 -10.84 0.7526
2024-05-15 2024-03-31 13F CANADIAN NAT RES COM 136385101 28,537 18,191 175.83 2,179 220.77 0.7762
2024-02-14 2023-12-31 13F CANADIAN NAT RES COM 136385101 10,346 -300 -2.82 680 -1.59 0.2020
2023-11-14 2023-09-30 13F CANADIAN NAT RES COM 136385101 10,646 -69,078 -86.65 691 -84.61 0.2315
2023-08-14 2023-06-30 13F CANADIAN NAT RES COM 136385101 79,724 53,159 200.11 4,484 205.38 1.3189
2023-05-15 2023-03-31 13F CANADIAN NAT RES COM 136385101 26,565 19,800 292.68 1,469 291.47 0.4197
2023-02-14 2022-12-31 13F CANADIAN NAT RES COM 136385101 6,765 -4,041 -37.40 376 -25.74 0.1159
2022-11-14 2022-09-30 13F CANADIAN NAT RES COM 136385101 10,806 -72,223 -86.99 505 -88.67 0.1840
2022-08-15 2022-06-30 13F CANADIAN NAT RES COM 136385101 83,029 8,635 11.61 4,457 -3.38 1.1693
2022-05-16 2022-03-31 13F CANADIAN NAT RES COM 136385101 74,394 2,506 3.49 4,613 51.89 1.0133
2022-02-14 2021-12-31 13F CANADIAN NAT RES COM 136385101 71,888 71,888 3,037 0.8357
2021-11-15 2021-09-30 13F CANADIAN NAT RES COM 136385101 0 -91,759 -100.00 0 -100.00
2021-08-16 2021-06-30 13F CANADIAN NAT RES COM 136385101 91,759 81,128 763.13 3,329 914.94 1.0322
2021-05-17 2021-03-31 13F CANADIAN NAT RES COM 136385101 10,631 10,631 328 0.1375
2021-02-16 2020-12-31 13F CANADIAN NAT RES COM 136385101 0 -14,156 -100.00 0 -100.00
2020-11-16 2020-09-30 13F CANADIAN NAT RES COM 136385101 14,156 2,700 23.57 227 13.50 0.1857
2020-08-12 2020-06-30 13F CANADIAN NAT RES COM 136385101 11,456 11,456 200 0.1875
2019-05-15 2019-03-31 13F CANADIAN NAT RES COM 136385101 0 -5,900 -100.00 0 -100.00
2019-02-14 2018-12-31 13F CANADIAN NAT RES COM 136385101 5,900 -2,569 -30.33 142 -48.74 0.1193
2018-11-14 2018-09-30 13F CANADIAN NAT RES COM 136385101 8,469 -35,548 -80.76 277 -82.56 0.1384
2018-08-13 2018-06-30 13F CANADIAN NAT RES COM 136385101 44,017 44,017 1,588 1.0657
2018-05-15 2018-03-31 13F CANADIAN NAT RES COM 136385101 0 -897 -100.00 0 -100.00
2018-02-14 2017-12-31 13F CANADIAN NAT RES COM 136385101 897 897 32 0.0265
2017-11-14 2017-09-30 13F CANADIAN NAT RES COM 136385101 0 -55,264 -100.00 0 -100.00
2017-08-14 2017-06-30 13F CANADIAN NAT RES COM 136385101 55,264 28,372 105.50 1,594 80.73 1.5324
2017-05-15 2017-03-31 13F CANADIAN NAT RES COM 136385101 26,892 3,601 15.46 882 18.71 0.7151
2017-02-14 2016-12-31 13F CANADIAN NATURAL RESOURCES COM 136385101 23,291 8,511 57.58 743 57.08 0.6532
2016-11-14 2016-09-30 13F CANADIAN NATURAL RESOURCES COM 136385101 14,780 -29,286 -66.46 473 -65.17 0.4829
2016-08-15 2016-06-30 13F/A-1 CANADIAN NAT RES COM 136385101 44,066 -423 -0.95 1,358 13.07 1.3376
2016-05-16 2016-03-31 13F CANADIAN NAT RES COM 136385101 44,489 31,929 254.21 1,201 338.32 1.2429
2016-02-16 2015-12-31 13F CANADIAN NAT RES COM 136385101 12,560 2,232 21.61 274 36.32 0.2566
2015-11-16 2015-09-30 13F CANADIAN NAT RES COM 136385101 10,328 2,312 28.84 201 -7.80 0.1850
2015-08-14 2015-06-30 13F CANADIAN NATURAL RESOURCES COM 136385101 8,016 638 8.65 218 -3.96 0.1791
2015-05-15 2015-03-31 13F CANADIAN NAT RES COM 136385101 7,378 209 2.92 227 2.71 0.1432
2015-02-17 2014-12-31 13F CANADIAN NAT RES COM 136385101 7,169 0 0.00 221 -20.50 0.1655
2014-11-14 2014-09-30 13F CANADIAN NATURAL RESOURCES COM 136385101 7,169 -1,966 -21.52 278 -33.65 0.1444
2014-08-14 2014-06-30 13F CANADIAN NAT RES COM 136385101 9,135 1,966 27.42 419 52.36 0.1997
2014-05-15 2014-03-31 13F CANADIAN NATURAL RESOURCES COM 136385101 7,169 0 0.00 275 13.17 0.2340
2014-02-14 2013-12-31 13F CANADIAN NATURAL RESOURCES COM 136385101 7,169 -66 -0.91 243 7.05 0.1233
2013-11-13 2013-09-30 13F CANADIAN NAT RES COM 136385101 7,235 7,235 227 0.1961
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.