CNQ Institutional Holders — 746 Filers

746 institutions currently hold CNQ, ranked below by position value.

Key Holders	Total Value	Avg Weight
Capital World Investors	$9.6B	1.32%
Capital Research Global Investors	$8.0B	1.24%
ROYAL BANK OF CANADA	$6.7B	1.18%
FMR LLC	$4.2B	0.22%
BANK OF MONTREAL /CAN/	$3.1B	1.18%
VANGUARD CAPITAL MANAGEMENT LLC	$2.8B	0.07%
Fisher Asset Management, LLC	$2.2B	0.74%
CIBC WORLD MARKET INC.	$2.2B	3.57%
CANADA PENSION PLAN INVESTMENT BOARD	$2.0B	1.27%
TD Asset Management Inc	$1.9B	1.58%
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$1.8B	2.94%
TORONTO DOMINION BANK	$1.7B	2.46%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$1.4B	0.76%
1832 Asset Management L.P.	$1.4B	1.25%
MACKENZIE FINANCIAL CORP	$1.3B	1.61%
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$1.3B	1.12%
GOLDMAN SACHS GROUP INC	$1.3B	0.15%
PRICE T ROWE ASSOCIATES INC /MD/	$1.1B	0.13%
GEODE CAPITAL MANAGEMENT, LLC	$1.1B	0.07%
VANGUARD FIDUCIARY TRUST CO	$876.9M	0.22%
GQG Partners LLC	$853.7M	1.35%
YACKTMAN ASSET MANAGEMENT LP	$806.1M	10.75%
JPMORGAN CHASE & CO	$793.9M	0.05%
CIBC Asset Management Inc	$766.4M	1.87%
TD Waterhouse Canada Inc.	$739.5M	2.19%
Vanguard Global Advisers, LLC	$708.3M	0.38%
NATIONAL BANK OF CANADA /FI/	$610.9M	0.58%
T. Rowe Price Investment Management, Inc.	$596.3M	0.41%
FIL Ltd	$573.3M	0.45%
MORGAN STANLEY	$496.7M	0.03%
SCOTIA CAPITAL INC.	$460.0M	1.89%
DIMENSIONAL FUND ADVISORS LP	$458.6M	0.10%
Capital International Investors	$444.5M	0.10%
Alberta Investment Management Corp	$433.1M	2.60%
WELLINGTON MANAGEMENT GROUP LLP	$408.0M	0.08%
FRANKLIN RESOURCES INC	$390.3M	0.10%
Amundi	$389.6M	0.11%
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	$380.8M	2.25%
Legal & General Group Plc	$357.2M	0.08%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$354.4M	0.05%
Swiss National Bank	$341.5M	0.20%
Clearbridge Investments, LLC	$329.9M	0.29%
Connor, Clark & Lunn Investment Management Ltd.	$327.7M	0.75%
BANK OF NOVA SCOTIA	$320.2M	0.56%
Egerton Capital (UK) LLP	$277.1M	3.07%
BANK OF AMERICA CORP /DE/	$274.1M	0.02%
Boston Partners	$263.9M	0.28%
PICTON MAHONEY ASSET MANAGEMENT	$262.5M	1.94%
WCM INVESTMENT MANAGEMENT, LLC	$252.9M	0.58%
AQR CAPITAL MANAGEMENT LLC	$229.7M	0.11%
AGF MANAGEMENT LTD	$229.3M	1.03%
Blue Sparrow, LLC /DE	$225.1M	3.85%
Invesco Ltd.	$217.2M	0.03%
Fiera Capital Corp	$216.1M	0.74%
JANUS HENDERSON GROUP PLC	$209.5M	0.10%
SIG North Trading, ULC	$204.7M	4.11%
Beutel, Goodman & Co Ltd.	$195.1M	1.32%
DEUTSCHE BANK AG\	$188.5M	0.06%
VANGUARD ASSET MANAGEMENT, Ltd	$187.7M	0.16%
GUARDIAN CAPITAL LP	$167.9M	4.44%
Canoe Financial LP	$167.4M	2.28%
UBS Group AG	$165.6M	0.02%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$161.5M	0.05%
NORTHERN TRUST CORP	$161.2M	0.02%
MUFG SECURITIES (CANADA), LTD.	$150.4M	4.32%
JANE STREET GROUP, LLC	$148.4M	0.02%
Federation des caisses Desjardins du Quebec	$138.7M	0.50%
Goehring & Rozencwajg Associates, LLC	$137.9M	7.41%
Aviso Financial Inc.	$130.6M	4.64%
Addenda Capital Inc.	$124.1M	3.49%
BlackRock, Inc.	$114.6M	0.00%
INGALLS & SNYDER LLC	$114.4M	4.05%
Purpose Unlimited Inc.	$114.0M	4.71%
Nuveen, LLC	$107.6M	0.03%
CITADEL ADVISORS LLC	$106.6M	0.02%
Bank of New York Mellon Corp	$103.1M	0.02%
PEAK6 LLC	$95.9M	0.23%
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$95.7M	0.01%
State of Tennessee, Department of Treasury	$89.7M	0.30%
Dixon Mitchell Investment Counsel Inc.	$83.6M	2.91%
BCV Asset Management Inc.	$82.2M	2.83%
Marathon Asset Management Ltd	$78.3M	3.00%
ENVESTNET ASSET MANAGEMENT INC	$77.7M	0.02%
RAYMOND JAMES FINANCIAL INC	$74.5M	0.02%
AMERICAN CENTURY COMPANIES INC	$73.3M	0.04%
DekaBank Deutsche Girozentrale	$71.7M	0.12%
MILLER HOWARD INVESTMENTS INC /NY	$70.2M	1.92%
WELLS FARGO & COMPANY/MN	$69.8M	0.01%
Russell Investments Group, Ltd.	$69.5M	0.07%
PRINCIPAL FINANCIAL GROUP INC	$68.9M	0.04%
Korea Investment CORP	$63.4M	0.13%
MILLENNIUM MANAGEMENT LLC	$60.2M	0.03%
Ninety One UK Ltd	$58.1M	0.13%
FIRST MANHATTAN CO. LLC.	$57.0M	0.16%
NewEdge Wealth, LLC	$55.3M	0.66%
GW&K Investment Management, LLC	$54.5M	0.48%
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$49.2M	0.16%
BARCLAYS PLC	$48.7M	0.01%
Baskin Financial Services Inc.	$47.8M	3.91%
Vanguard Investments Australia, Ltd.	$47.3M	0.14%
BANK OF NOVA SCOTIA TRUST CO	$47.3M	4.06%
Zurcher Kantonalbank (Zurich Cantonalbank)	$46.5M	0.10%
Capital International, Inc./CA/	$45.7M	0.35%
Turas Capital Management LP	$44.5M	11.37%
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$44.4M	0.03%
D. E. Shaw & Co., Inc.	$43.7M	0.03%
VAN ECK ASSOCIATES CORP	$42.9M	0.03%
NEUBERGER BERMAN GROUP LLC	$41.0M	0.03%
INTACT INVESTMENT MANAGEMENT INC.	$40.3M	1.15%
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$40.2M	0.16%
Hillsdale Investment Management Inc.	$37.8M	1.03%
FACTORY MUTUAL INSURANCE CO	$37.7M	0.42%
Scheer, Rowlett & Associates Investment Management Ltd.	$37.2M	2.67%
AMERIPRISE FINANCIAL INC	$36.2M	0.01%
LINCLUDEN MANAGEMENT LTD	$34.5M	3.68%
Pictet Asset Management Holding SA	$33.5M	0.04%
Tidal Investments LLC	$32.6M	0.07%
STATE OF WISCONSIN INVESTMENT BOARD	$32.0M	0.07%
Cumberland Partners Ltd	$30.4M	2.30%
Harvest Portfolios Group Inc.	$30.2M	0.50%
FIRST TRUST ADVISORS LP	$30.1M	0.02%
Northwest & Ethical Investments L.P.	$28.7M	0.66%
Old West Investment Management, LLC	$27.7M	3.01%
QV Investors Inc.	$27.5M	2.22%
Rempart Asset Management Inc.	$27.4M	5.76%
Guardian Partners Inc.	$26.8M	2.24%
Pacific Heights Asset Management LLC	$26.8M	0.90%
Verity & Verity, LLC	$26.8M	2.00%
JTC Employer Solutions Trustee Ltd	$26.1M	2.18%
Mudita Advisors LLP	$25.9M	5.29%
CAPITAL INTERNATIONAL SARL	$25.3M	0.41%
Squarepoint Ops LLC	$24.9M	0.03%
U.S. Capital Wealth Advisors, LLC	$24.8M	0.62%
Harbor Advisors LLC	$24.4M	3.52%
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC	$23.7M	0.32%
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	$22.8M	0.85%
Corient Private Wealth LLC	$22.2M	0.03%
CITIGROUP INC	$21.6M	0.01%
NATIXIS ADVISORS, LLC	$21.3M	0.03%
EXENCIAL WEALTH ADVISORS, LLC	$21.2M	0.66%
GUARDIAN POINT CAPITAL, LP	$19.5M	8.03%
Investment Management Corp of Ontario	$19.3M	0.25%
Crossmark Global Holdings, Inc.	$19.0M	0.28%
Trexquant Investment LP	$18.7M	0.13%
LPL Financial LLC	$18.5M	0.00%
Quantinno Capital Management LP	$18.4M	0.03%
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV	$17.6M	4.19%
Guinness Asset Management LTD	$17.3M	0.30%
NICOLA WEALTH MANAGEMENT LTD.	$16.4M	1.97%
Maryland State Retirement & Pension System	$16.3M	0.33%