CNQ · CANADIAN NATURAL RESOURCES Ltd

$48.99 -0.78 (-1.57%) At close · Aug 28

Market Cap

$102.42B

2.06B

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 751

Total Value: $60,047,859,873

Total Shares: 1,521,627,449

Showing 1–100 of 787 holdings by value · page 1 of 8

Institutional Ownership Trend

26 quarters

Superinvestors Holding CNQ

All superinvestors →

Stephen Yacktman $650,269,066

Holder Concentration

Across 751 13F filers · Δ vs Mar 31, 2026

Top Holder

14.3%

+2.0 pts

Top 5

40.3%

−0.2 pts

Top 10

54.1%

−0.6 pts

HHI

477

Broadly held+17

Quarterly Activity

vs Mar 31, 2026

New

Increased

287

Decreased

250

Sold Out

Unchanged

119

Holder count: -2

Institutional value: -23.2%

Shares held: -5.1%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega GOLDMAN SACHS GROUP INC	+24,652,519	50,811,234
Mega Capital World Investors	+20,281,072	217,960,835
Mega ROYAL BANK OF CANADA	+10,974,794	148,832,844
Mega T. Rowe Price Investment Management, Inc.	+8,790,819	21,027,147
Mega JANE STREET GROUP, LLC	+8,691,465	11,737,016

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega Capital Research Global Investors	−48,364,929	116,067,730
Mega Fisher Asset Management, LLC	−43,359,229	1,665,176
Mega FMR LLC	−20,960,566	64,243,259
Large TORONTO DOMINION BANK	−19,973,881	15,223,697
Large GQG Partners LLC	−17,280,611	274,860

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mega Jupiter Topco LLC	4,701,821	$185,721,928
Large WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	3,635,082	$143,585,739
Large RENAISSANCE TECHNOLOGIES LLC	2,859,500	$112,950,250
Small Panview Capital Ltd	486,326	$19,209,877
Large AustralianSuper Pty Ltd	305,387	$12,062,786

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mid Egerton Capital (UK) LLP	5,690,211	$277,283,982
Mega JANUS HENDERSON GROUP PLC	4,301,460	$209,610,143
Large Ninety One UK Ltd	1,194,306	$58,198,531
Small Turas Capital Management LP	913,300	$44,505,109
Mid U.S. Capital Wealth Advisors, LLC	509,196	$24,813,121

Filter: New 95 Increased 287 Reduced 250 Sold out 97 Unchanged 119

Showing 100 of 787

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Capital World Investors

$8,609,452,982

14.34%

217,960,835

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	217,960,835	$8,609,452,982	100.0%	Defined

ROYAL BANK OF CANADA

$5,435,458,485

9.05%

137,606,544

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Global Asset Management Inc.	47,002,495	$1,856,598,552	34.2%	Defined
RBC Capital Markets, LLC	247,950	$9,794,025	0.2%	Defined
RBC Dominion Securities Inc.	51,697,875	$2,042,066,062	37.6%	Defined
RBC Phillips, Hager & North Investment Counsel Inc.	2,540,261	$100,340,309	1.8%	Defined
RBC Private Counsel (USA) Inc.	952,127	$37,609,016	0.7%	Defined
ROYAL TRUST CORP OF CANADA/	31,360	$1,238,720	0.0%	Defined
RBC Trust Co (Delaware) Ltd	1,853	$73,193	0.0%	Defined
Royal Bank of Canada (Channel Islands) Ltd	23,816	$940,732	0.0%	Defined
RBC Rochdale, LLC	3,826	$151,127	0.0%	Defined
RBC Dominion Securities Global Ltd	2,238	$88,401	0.0%	Defined
RBC Europe Ltd	38,362	$1,515,299	0.0%	Defined
BREWIN DOLPHIN WEALTH MANAGEMENT LTD	835	$32,982	0.0%	Defined
Held directly	35,063,546	$1,385,010,067	25.5%	Defined

Capital Research Global Investors

$4,584,675,335

7.64%

116,067,730

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	116,067,730	$4,584,675,335	100.0%	Defined

BANK OF MONTREAL /CAN/

$2,559,206,816

4.26%

64,790,046

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bank of Montreal Europe Plc	54,000	$2,133,000	0.1%	Defined
BMO Asset Management Inc.	25,764,910	$1,017,713,945	39.8%	Defined
BMO Bank N.A.	14,887	$588,036	0.0%	Defined
BMO Family Office, LLC	6,482	$256,039	0.0%	Defined
BMO NESBITT BURNS INC.	26,017,442	$1,027,688,959	40.2%	Defined
BMO PRIVATE INVESTMENT COUNSEL INC.	4,155,904	$164,158,208	6.4%	Defined
Burgundy Asset Management Ltd.	85,016	$3,358,132	0.1%	Defined
BMO NESBITT BURNS SECURITIES LTD.	224,042	$8,849,659	0.3%	Defined
Stoker Ostler Wealth Advisors, Inc.	492	$19,434	0.0%	Defined
Held directly	8,466,871	$334,441,404	13.1%	Defined

FMR LLC

$2,537,608,729

4.23%

64,243,259

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	51,288,445	$2,025,893,577	79.8%	Defined
FIDELITY MANAGEMENT TRUST CO	2,451,819	$96,846,850	3.8%	Defined
STRATEGIC ADVISERS LLC	3,894,306	$153,825,087	6.1%	Defined
Fidelity Institutional Asset Management Trust Co	5,927,420	$234,133,090	9.2%	Defined
FIAM LLC	681,155	$26,905,622	1.1%	Defined
Fidelity Diversifying Solutions LLC	114	$4,503	0.0%	Defined

VANGUARD CAPITAL MANAGEMENT LLC

$2,321,690,157

3.87%

58,776,966

GOLDMAN SACHS GROUP INC

$2,007,043,742

3.34%

50,811,234

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	49,591,723	$1,958,873,058	97.6%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	1,166,272	$46,067,744	2.3%	Defined
GOLDMAN SACHS WEALTH SERVICES, L.P.	6,223	$245,808	0.0%	Defined
Goldman Sachs Trust Company, N.A.	47,016	$1,857,132	0.1%	Defined

CANADA PENSION PLAN INVESTMENT BOARD

$1,526,130,492

2.54%

38,636,215

TD Asset Management Inc

$1,231,139,041

2.05%

31,168,077

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND

$1,216,331,400

2.03%

30,793,200

CIBC WORLD MARKET INC.

$1,199,657,936

2.00%

30,371,087

1832 Asset Management L.P.

$1,111,297,819

1.85%

28,134,122

MACKENZIE FINANCIAL CORP

$1,074,240,420

1.79%

27,195,960

MANUFACTURERS LIFE INSURANCE COMPANY, THE

$1,048,448,421

1.75%

26,542,998

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MANULIFE FINANCIAL CORP joint	26,542,998	$1,048,448,421	100.0%	Defined

PRICE T ROWE ASSOCIATES INC /MD/

$1,031,017,505

1.72%

26,101,709

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	7,360,126	$290,724,977	28.2%	Defined
Held directly	18,741,583	$740,292,528	71.8%	Sole

GEODE CAPITAL MANAGEMENT, LLC

$953,577,084

1.59%

24,141,192

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	2,891,442	$114,211,959	12.0%	Defined
Held directly	21,249,750	$839,365,125	88.0%	Defined

T. Rowe Price Investment Management, Inc.

$830,572,306

1.38%

21,027,147

NATIONAL BANK OF CANADA /FI/

$750,973,130

1.25%

19,011,978

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
National Bank Financial Inc.	6,910,479	$272,963,920	36.3%	Defined
Manager 6	18,671	$737,504	0.1%	Defined
Manager 7	508,320	$20,078,640	2.7%	Defined
Held directly	11,574,508	$457,193,066	60.9%	Defined

VANGUARD FIDUCIARY TRUST CO

$715,135,097

1.19%

18,104,686

CIBC Asset Management Inc

$660,467,413

1.10%

16,720,694

YACKTMAN ASSET MANAGEMENT LP

$650,269,066

1.08%

16,462,508

JPMORGAN CHASE & CO

$650,012,391

1.08%

16,456,010

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Trust Co of Delaware	81,566	$3,221,857	0.5%	Other
JPMorgan Chase Bank, N.A.	2,000,749	$79,029,585	12.2%	Defined
J.P. Morgan Investment Management Inc.	9,248,187	$365,303,386	56.2%	Defined
J.P. Morgan Securities LLC	1,337,124	$52,816,398	8.1%	Defined
J.P. Morgan Securities plc	479,199	$18,928,360	2.9%	Defined
JPMorgan Asset Management (UK) Ltd	2,828,017	$111,706,671	17.2%	Defined
JPMorgan Asset Management (Canada) Inc.	9,144	$361,188	0.1%	Defined
J.P. Morgan Private Investments Inc.	282,533	$11,160,053	1.7%	Defined
J.P. Morgan (Suisse) SA	8	$316	0.0%	Other
JPMorgan Asset Management (Asia Pacific) Ltd	129,398	$5,111,221	0.8%	Defined
JPMorgan Asset Management (Japan) Ltd	56,457	$2,230,051	0.3%	Defined
55I, LLC	2,599	$102,660	0.0%	Other
J.P. Morgan SE	1,029	$40,645	0.0%	Defined

TD Waterhouse Canada Inc.

$641,334,956

1.07%

16,236,328

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	16,236,328	$641,334,956	100.0%	Defined

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$629,204,743

1.05%

15,929,234

Vanguard Global Advisers, LLC

$627,896,779

1.05%

15,896,121

MORGAN STANLEY

$592,627,269

0.99%

15,003,222

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	655,422	$25,889,169	4.4%	Defined
MORGAN STANLEY & CO. LLC	190,478	$7,523,881	1.3%	Defined
Morgan Stanley Canada LTD	10,668,202	$421,393,979	71.1%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	149,878	$5,920,181	1.0%	Defined
MORGAN STANLEY SMITH BARNEY LLC	729,680	$28,822,360	4.9%	Defined
Morgan Stanley Bank, N.A.	90,400	$3,570,800	0.6%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	2,518,162	$99,467,399	16.8%	Defined
EATON VANCE MANAGEMENT	1,000	$39,500	0.0%	Defined

TORONTO DOMINION BANK

$539,324,981

0.90%

13,653,797

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD Insurance - Meloche Monnex	152,800	$6,035,600	1.1%	Defined
TD SECURITIES INC	1,070,383	$42,280,128	7.8%	Defined
Canada Trust Co	460,466	$18,188,407	3.4%	Defined
Held directly	11,970,148	$472,820,846	87.7%	Sole

JANE STREET GROUP, LLC

$406,258,132

0.68%

10,285,016

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	2,921,132	$115,384,714	28.4%	Defined
Jane Street Global Trading, LLC	7,363,884	$290,873,418	71.6%	Defined

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

$396,349,952

0.66%

10,034,176

WELLINGTON MANAGEMENT GROUP LLP

$389,004,965

0.65%

9,848,227

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wellington Management Company LLP	8,125,851	$320,971,114	82.5%	Defined
Wellington Managment Canada LLC	144,280	$5,699,060	1.5%	Defined
Wellington Management Hong Kong Ltd	30,457	$1,203,051	0.3%	Defined
Wellington Management Japan Pte Ltd	74,152	$2,929,004	0.8%	Defined
Wellington Management Singapore Pte. Ltd.	14,194	$560,663	0.1%	Defined
Wellington Management International Ltd	347,968	$13,744,736	3.5%	Defined
Wellington Trust Company, NA joint	614,880	$24,287,760	6.2%	Defined
Wellington Management Australia Pty Ltd	496,445	$19,609,577	5.0%	Defined

SCOTIA CAPITAL INC.

$387,580,162

0.65%

9,812,156

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF NOVA SCOTIA	9,812,156	$387,580,162	100.0%	Defined

BANK OF NOVA SCOTIA

$387,033,481

0.64%

9,798,316

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bank of Nova Scotia Trust Co (Bahamas) Ltd	10,729	$423,795	0.1%	Defined
Held directly	9,787,587	$386,609,686	99.9%	Sole

DIMENSIONAL FUND ADVISORS LP

$383,472,200

0.64%

9,708,157

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	62,531	$2,469,974	0.6%	Defined
DFA Australia Ltd.	248,239	$9,805,440	2.6%	Defined
Dimensional Ireland Ltd	654,948	$25,870,446	6.7%	Defined
Held directly	8,742,439	$345,326,340	90.1%	Sole

Blue Sparrow, LLC /DE

$355,500,000

0.59%

9,000,000

ROYAL BANK OF CANADA

$331,444,500

0.55%

8,391,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Dominion Securities Inc.	3,591,000	$141,844,500	42.8%	Defined
Held directly	4,800,000	$189,600,000	57.2%	Sole

Amundi

$325,425,964

0.54%

8,238,632

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amundi Asset Management joint	8,238,632	$325,425,964	100.0%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$302,537,215

0.50%

7,659,170

FRANKLIN RESOURCES INC

$300,749,442

0.50%

7,613,910

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brandywine Global Investment Management, LLC	1,949,950	$77,023,025	25.6%	Defined
FIDUCIARY TRUST CO INTERNATIONAL	26,824	$1,059,548	0.4%	Defined
FIDUCIARY TRUST Co OF CANADA	80,770	$3,190,415	1.1%	Defined
Fiduciary Trust International of the South	907	$35,826	0.0%	Defined
FIDUCIARY TRUST INTERNATIONAL LLC	30,483	$1,204,078	0.4%	Defined
FRANKLIN ADVISERS INC	3,781,229	$149,358,545	49.7%	Defined
FRANKLIN ADVISORY SERVICES LLC	667,219	$26,355,150	8.8%	Defined
Franklin Templeton International Services S.a r.l	44,700	$1,765,650	0.6%	Defined
FRANKLIN TEMPLETON INVESTMENTS CORP	21,065	$832,067	0.3%	Defined
PUTNAM INVESTMENT MANAGEMENT LLC	1,010,763	$39,925,138	13.3%	Defined

Capital International Investors

$291,869,805

0.49%

7,389,109

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	7,389,109	$291,869,805	100.0%	Defined

OMERS ADMINISTRATION Corp

$278,615,857

0.46%

7,053,566

Beutel, Goodman & Co Ltd.

$272,340,847

0.45%

6,894,705

Swiss National Bank

$266,303,549

0.44%

6,741,862

MUFG SECURITIES (CANADA), LTD.

$250,850,438

0.42%

6,350,644

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mitsubushi UFJ Financial Group Inc joint	6,350,644	$250,850,438	100.0%	Defined

Legal & General Group Plc

$238,654,576

0.40%

6,041,888

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	1,406,808	$55,568,916	23.3%	Defined
Legal & General Investment Management Ltd joint	4,635,080	$183,085,660	76.7%	Defined

WCM INVESTMENT MANAGEMENT, LLC

$231,174,105

0.38%

5,852,509

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
First Trust Advisors LP	838,365	$33,115,417	14.3%	Defined
Held directly	5,014,144	$198,058,688	85.7%	Sole

AQR CAPITAL MANAGEMENT LLC

$221,720,727

0.37%

5,613,183

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Arax Advisory Partners	2,387	$94,286	0.0%	Other
Alaska Permanent Fund Corp	113,017	$4,464,171	2.0%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	218	$8,611	0.0%	Other
NATIONAL MUTUAL FUNDS MANAGEMENT LTD	191,266	$7,555,007	3.4%	Other
Held directly	5,306,295	$209,598,652	94.5%	Defined

Fiera Capital Corp

$199,287,335

0.33%

5,045,249

TWO SIGMA INVESTMENTS, LP

$193,150,852

0.32%

4,889,895

Jupiter Topco LLC

$185,721,928

0.31%

4,701,821

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JANUS HENDERSON INVESTORS UK Ltd	25,051	$989,514	0.5%	Defined
JANUS HENDERSON INVESTORS US LLC	4,581,551	$180,971,264	97.4%	Defined
Held directly	95,219	$3,761,150	2.0%	Defined

Connor, Clark & Lunn Investment Management Ltd.

$180,414,591

0.30%

4,567,458

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	4,567,458	$180,414,591	100.0%	Sole

VANGUARD ASSET MANAGEMENT, Ltd

$174,750,844

0.29%

4,424,072

AGF MANAGEMENT LTD

$173,542,696

0.29%

4,393,486

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AGF INVESTMENTS INC.	3,764,035	$148,679,382	85.7%	Sole
Doherty & Associates Ltd.	629,451	$24,863,314	14.3%	Sole

PICTON MAHONEY ASSET MANAGEMENT

$168,695,731

0.28%

4,270,778

BANK OF AMERICA CORP /DE/

$161,489,506

0.27%

4,088,342

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	528,851	$20,889,614	12.9%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	232,273	$9,174,783	5.7%	Defined
BOFA SECURITIES, INC.	1,052,430	$41,570,985	25.7%	Defined
MERRILL LYNCH CANADA INC.	1,327,857	$52,450,351	32.5%	Defined
MERRILL LYNCH INTERNATIONAL	46,361	$1,831,259	1.1%	Defined
MANAGED ACCOUNT ADVISORS LLC joint	900,570	$35,572,514	22.0%	Defined

GUARDIAN CAPITAL LP

$154,417,507

0.26%

3,909,304

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Guardian Partners Inc.	26,757	$1,056,901	0.7%	Defined
Held directly	3,882,547	$153,360,606	99.3%	Sole

FIL Ltd

$149,990,228

0.25%

3,797,221

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIL Investment Advisors	49,579	$1,958,370	1.3%	Defined
FIL Investments International	288,765	$11,406,217	7.6%	Defined
Fidelity Investments Canada ULC	3,458,877	$136,625,641	91.1%	Defined

DEUTSCHE BANK AG\

$145,468,111

0.24%

3,682,737

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Trust Co Americas	1,662	$65,649	0.0%	Defined
DWS Investment GmbH	120,848	$4,773,496	3.3%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC	10,269	$405,625	0.3%	Defined
RREEF AMERICA LLC	351,000	$13,864,500	9.5%	Defined
DWS Investments UK Ltd	2,995,768	$118,332,836	81.3%	Defined
DBX Advisors LLC	46,054	$1,819,133	1.3%	Defined
DWS International GmbH	157,136	$6,206,872	4.3%	Defined

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC

$143,585,739

0.24%

3,635,082

Invesco Ltd.

$137,383,761

0.23%

3,478,070

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	2,272,223	$89,752,807	65.3%	Defined
Invesco Canada Ltd. joint	4,140	$163,530	0.1%	Defined
Invesco Trust Co joint	14,975	$591,512	0.4%	Defined
Invesco Asset Management Limited joint	5,994	$236,763	0.2%	Defined
Invesco Management S.A.	157,355	$6,215,522	4.5%	Defined
Invesco Asset Management (Japan) Limited	46,957	$1,854,801	1.4%	Defined
Invesco Australia Ltd joint	336	$13,272	0.0%	Defined
Invesco Investment Advisers LLC	59,566	$2,352,857	1.7%	Defined
Invesco Capital Management LLC	914,087	$36,106,436	26.3%	Defined
Invesco Asset Management Singapore Ltd joint	2,437	$96,261	0.1%	Defined

UBS Group AG

$134,237,313

0.22%

3,398,413

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	388,483	$15,345,078	11.4%	Defined
UBS AG	1,905,734	$75,276,493	56.1%	Defined
UBS Switzerland AG	885,280	$34,968,560	26.0%	Defined
UBS Bank (Canada)	218,274	$8,621,823	6.4%	Defined
UBS Securities LLC	642	$25,359	0.0%	Defined

NORTHERN TRUST CORP

$123,060,946

0.20%

3,115,467

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	3,115,467	$123,060,946	100.0%	Defined

CITADEL ADVISORS LLC

$122,419,861

0.20%

3,099,237

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	1,488,011	$58,776,434	48.0%	Defined
Held directly	1,611,226	$63,643,427	52.0%	Defined

Goehring & Rozencwajg Associates, LLC

$120,208,572

0.20%

3,043,255

Bank of New York Mellon Corp

$117,215,181

0.20%

2,967,473

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation joint	1,414,355	$55,867,022	47.7%	Defined
BNY Mellon Securities Corporation	8,000	$316,000	0.3%	Defined
The Bank of New York Mellon	772,878	$30,528,681	26.0%	Defined
BNY Mellon, NA joint	38,552	$1,522,803	1.3%	Defined
BNY Mellon Advisors, Inc.	23,575	$931,212	0.8%	Defined
Newton Investment Management North America, LLC joint	710,111	$28,049,384	23.9%	Defined
Held directly	2	$79	0.0%	Defined

RENAISSANCE TECHNOLOGIES LLC

$112,950,250

0.19%

2,859,500

Federation des caisses Desjardins du Quebec

$112,079,946

0.19%

2,837,467

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Desjardins Securities inc.	2,576,560	$101,774,120	90.8%	Defined
Regime de rentes du Mouvement Desjardins	5,938	$234,551	0.2%	Defined
Held directly	254,969	$10,071,275	9.0%	Defined

ROYAL BANK OF CANADA

$111,994,350

0.19%

2,835,300

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Dominion Securities Inc.	1,710,300	$67,556,850	60.3%	Defined
Held directly	1,125,000	$44,437,500	39.7%	Sole

Alberta Investment Management Corp

$106,699,691

0.18%

2,701,258

BlackRock, Inc.

$104,619,065

0.17%

2,648,584

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	42,325	$1,671,837	1.6%	Sole
BLACKROCK (SINGAPORE) LTD.	7,782	$307,389	0.3%	Sole
BLACKROCK ADVISORS LLC	192,007	$7,584,276	7.2%	Sole
BlackRock Fund Advisors	419,175	$16,557,412	15.8%	Sole
BlackRock Institutional Trust Company, N.A.	23,537	$929,711	0.9%	Sole
BlackRock (Netherlands) B.V.	31,307	$1,236,626	1.2%	Sole
Aperio Group, LLC	1,931,011	$76,274,934	72.9%	Sole
SpiderRock Advisors, LLC	1,440	$56,880	0.1%	Sole

Aviso Financial Inc.

$101,803,034

0.17%

2,577,292

SIG North Trading, ULC

$99,401,750

0.17%

2,516,500

Clearbridge Investments, LLC

$96,622,174

0.16%

2,446,131

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FRANKLIN TEMPLETON INVESTMENTS CORP	2,446,131	$96,622,174	100.0%	Defined

Canoe Financial LP

$96,275,127

0.16%

2,437,345

VAN ECK ASSOCIATES CORP

$94,437,785

0.16%

2,390,830

Purpose Unlimited Inc.

$90,081,487

0.15%

2,280,544

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Purpose Investments Inc.	2,262,576	$89,371,752	99.2%	Sole
Held directly	17,968	$709,735	0.8%	Sole

Nuveen, LLC

$89,851,044

0.15%

2,274,710

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	36,853	$1,455,693	1.6%	Defined
TIAA CREF INVESTMENT MANAGEMENT LLC joint	2,237,857	$88,395,351	98.4%	Defined

INGALLS & SNYDER LLC

$88,511,995

0.15%

2,240,810

Public Sector Pension Investment Board

$86,823,330

0.14%

2,198,059

Russell Investments Group, Ltd.

$82,750,836

0.14%

2,094,958

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management Limited	113,029	$4,464,645	5.4%	Defined
Russell Investment Management, LLC joint	802,350	$31,692,824	38.3%	Defined
Russell Investments Canada Limited	210,262	$8,305,349	10.0%	Defined
Russell Investments Capital, LLC joint	355,180	$14,029,610	17.0%	Defined
Russell Investments Implementation Services, LLC	57,961	$2,289,459	2.8%	Defined
Russell Investments Japan Co., LTD. joint	280,190	$11,067,504	13.4%	Other
Russell Investments Limited joint	176,095	$6,955,751	8.4%	Other
Russell Investments Trust Company joint	99,891	$3,945,694	4.8%	Defined

AMERICAN CENTURY COMPANIES INC

$78,419,429

0.13%

1,985,302

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	1,985,302	$78,419,429	100.0%	Defined

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

$78,332,765

0.13%

1,983,108

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MFS Investment Management CO (LUX) S.A.R.L.	340	$13,430	0.0%	Defined
MFS INVESTMENT MANAGEMENT CANADA LTD	1,982,567	$78,311,396	100.0%	Defined
Held directly	201	$7,939	0.0%	Sole

MILLENNIUM MANAGEMENT LLC

$77,853,907

0.13%

1,970,985

Hillsdale Investment Management Inc.

$76,556,174

0.13%

1,938,131

Dixon Mitchell Investment Counsel Inc.

$73,246,390

0.12%

1,854,339

Addenda Capital Inc.

$72,046,183

0.12%

1,823,954

State of Tennessee, Department of Treasury

$71,659,478

0.12%

1,814,164

BCV Asset Management Inc.

$66,902,098

0.11%

1,693,724

Fisher Asset Management, LLC

$65,774,452

0.11%

1,665,176

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$60,553,934

0.10%

1,533,011

ENVESTNET ASSET MANAGEMENT INC

$58,605,281

0.10%

1,483,678

MILLER HOWARD INVESTMENTS INC /NY

$56,635,179

0.09%

1,433,802

Marathon Asset Management Ltd

$54,968,358

0.09%

1,391,604

RAYMOND JAMES FINANCIAL INC

$54,376,410

0.09%

1,376,618

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	816,791	$32,263,244	59.3%	Defined
Raymond James Financial Services Advisors, Inc.	543,611	$21,472,634	39.5%	Defined
RAYMOND JAMES TRUST N.A.	16,216	$640,532	1.2%	Defined

WELLS FARGO & COMPANY/MN

$53,950,996

0.09%

1,365,848

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	3,362	$132,799	0.2%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	228,264	$9,016,428	16.7%	Defined
WELLS FARGO CLEARING SERVICES, LLC	1,133,528	$44,774,356	83.0%	Defined
WELLS FARGO INVESTMENT INSTITUTE, INC.	694	$27,413	0.1%	Defined

TORONTO DOMINION BANK

$50,911,550

0.08%

1,288,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES INC	88,900	$3,511,550	6.9%	Defined
Held directly	1,200,000	$47,400,000	93.1%	Sole

NewEdge Wealth, LLC

$48,211,962

0.08%

1,220,556

Delaney Capital Management Ltd.

$45,370,766

0.08%

1,148,627

BARCLAYS PLC

$45,317,361

0.08%

1,147,275

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	1,039,625	$41,065,187	90.6%	Defined
BARCLAYS CAPITAL INC.	36,339	$1,435,390	3.2%	Defined
BARCLAYS CAPITAL SECURITIES LTD	71,311	$2,816,784	6.2%	Defined

PRINCIPAL FINANCIAL GROUP INC

$45,300,022

0.08%

1,146,836

Qube Research & Technologies Ltd

$44,975,253

0.07%

1,138,614

Key facts CIK 1017413 CUSIP 136385101 13F (30d) 563 filings 536 filers Visit website Investor relations