YACKTMAN ASSET MANAGEMENT LP: CANADIAN NATURAL RESOURCES LIMITED (CNQ): Quarterly 13F Position History
As of Q1 2026, YACKTMAN ASSET MANAGEMENT LP reported 16,541,598 shares of CANADIAN NATURAL RESOURCES LIMITED (CNQ), worth $806.1M and representing 10.7% of its 13F equity book. Quarter-over-quarter share count change: 2,233,822 (-11.9%) . The position first appeared in Q1 2021 and has been disclosed across 21 13F-HR filings in Pactolio's tracked window.
- 16,541,598Shares Held (Latest Filing)
- $806.1MReported Market Value (Latest Filing)
- 10.7%Portfolio Weight (% of 13F Equity Book)
- 2,233,822Quarter-over-Quarter Share Change
- +$170.5MQuarter-over-Quarter Value Change
- 29,456,746Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 21 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 16,541,598 | 2,233,822 | -11.9% | $806.1M | 10.7% | $48.7 |
| Q4 2025 | 18,775,420 | 2,133,091 | -10.2% | $635.5M | 8.9% | $33.9 |
| Q3 2025 | 20,908,511 | 1,218,366 | -5.5% | $668.2M | 9.2% | $32.0 |
| Q2 2025 | 22,126,877 | 5,139,330 | -18.8% | $694.8M | 9.3% | $31.4 |
| Q1 2025 | 27,266,207 | 1,667,178 | -5.8% | $839.8M | 11.0% | $30.8 |
| Q4 2024 | 28,933,385 | 73,566 | -0.3% | $893.2M | 10.4% | $30.9 |
| Q3 2024 | 29,006,951 | 449,795 | -1.5% | $963.3M | 9.9% | $33.2 |
| Q2 2024 | 29,456,746 | +14,418,835 | +95.9% | $1.0B | 9.8% | $35.6 |
| Q1 2024 | 15,037,911 | +108,119 | +0.7% | $1.1B | 10.3% | $76.3 |
| Q4 2023 | 14,929,792 | 149,461 | -1.0% | $978.2M | 9.1% | $65.5 |
| Q3 2023 | 15,079,253 | 29,202 | -0.2% | $975.2M | 9.6% | $64.7 |
| Q2 2023 | 15,108,455 | 105,374 | -0.7% | $850.0M | 8.1% | $56.3 |
| Q1 2023 | 15,213,829 | +41,686 | +0.3% | $842.1M | 8.3% | $55.4 |
| Q4 2022 | 15,172,143 | 635,421 | -4.0% | $842.5M | 8.4% | $55.5 |
| Q3 2022 | 15,807,564 | 1,085,448 | -6.4% | $736.2M | 8.0% | $46.6 |
| Q2 2022 | 16,893,012 | 60,957 | -0.4% | $906.8M | 9.4% | $53.7 |
| Q1 2022 | 16,953,969 | 73,794 | -0.4% | $1.1B | 9.4% | $62.0 |
| Q4 2021 | 17,027,763 | +386,159 | +2.3% | $719.4M | 6.4% | $42.3 |
| Q3 2021 | 16,641,604 | +3,870,378 | +30.3% | $608.1M | 5.8% | $36.5 |
| Q2 2021 | 12,771,226 | +6,072,612 | +90.7% | $463.3M | 4.5% | $36.3 |
| Q1 2021 | 6,698,614 | — | — | $206.8M | 2.2% | $30.9 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did YACKTMAN ASSET MANAGEMENT LP first disclose a CNQ position in 13F-HR filings?
YACKTMAN ASSET MANAGEMENT LP first reported CANADIAN NATURAL RESOURCES LIMITED (CNQ) on its 13F-HR filing for the period ending 2021-03-31 (Q1 2021). The position has appeared on 21 reported quarters within Pactolio's tracked window.
What was YACKTMAN ASSET MANAGEMENT LP's most recent quarter-over-quarter share-count change in CNQ?
Between Q4 2025 and Q1 2026, YACKTMAN ASSET MANAGEMENT LP reduced its CNQ position by 2,233,822 shares (-11.9%), leaving 16,541,598 shares at a market value of $806.1M.
Does the implied price-per-share represent YACKTMAN ASSET MANAGEMENT LP's cost basis in CNQ?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.