Canadian Natural Resources Limited bonds CNQ
Who owns Canadian Natural Resources Limited's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. CNQ stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 13638ZDC6 | 3.42% fixed | 2026-12-01 | CAD | 100.05 | 3.27% | — | 1 | $71K | Jul 2026 |
| 136385AX9 | 3.85% fixed | 2027-06-01 | USD | 99.42 | 4.57% | 58 bp | 10 | $43.0M | Jul 2026 |
| 13638ZDX0 | 2.5% fixed | 2028-01-17 | CAD | 98.74 | 3.39% | — | 3 | $3.6M | Jul 2026 |
| 13638ZES0 | 3.3% fixed | 2028-12-08 | CAD | 99.32 | 3.60% | — | 2 | $2.0M | Jul 2026 |
| 136385BB6 | 5% fixed | 2029-12-15 | USD | 101.43 | 4.56% | 71 bp | 1 | $10.2M | Apr 2026 |
| C18478AA2 | 5% fixed | 2029-12-15 | USD | 101.43 | 4.56% | 71 bp | 1 | $477K | Apr 2026 |
| 136385BD2 | 5% fixed | 2029-12-15 | USD | 100.55 | 4.82% | 55 bp | 24 | $61.6M | Jul 2026 |
| 136385BA8 | 2.95% fixed | 2030-07-15 | USD | 92.88 | 4.95% | 66 bp | 20 | $32.5M | Jul 2026 |
| 13638ZET8 | 3.75% fixed | 2031-02-08 | CAD | 99.00 | 3.99% | — | 4 | $10.9M | Jul 2026 |
| 136385BF7 | 4.15% fixed | 2031-12-15 | CAD | 100.28 | 4.09% | — | 1 | $215K | Jul 2026 |
| 136385AC5 | 7.2% fixed | 2032-01-15 | USD | 109.39 | 5.20% | 84 bp | 10 | $24.3M | Jul 2026 |
| 136385AE1 | 6.45% fixed | 2033-06-30 | USD | 106.45 | 5.32% | 87 bp | 8 | $30.6M | Jul 2026 |
| 136385BC4 | 5.4% fixed | 2034-12-15 | USD | 99.40 | 5.49% | 96 bp | 1 | $199K | Jul 2026 |
| 136385BE0 | 5.4% fixed | 2034-12-15 | USD | 99.33 | 5.50% | 98 bp | 13 | $6.2M | Jul 2026 |
| 136385AG6 | 5.85% fixed | 2035-02-01 | USD | 102.27 | 5.51% | 98 bp | 10 | $7.6M | Jul 2026 |
| 13638ZEU5 | 4.55% fixed | 2036-02-08 | CAD | 98.78 | 4.71% | — | 3 | $2.9M | Jul 2026 |
| 136385AJ0 | 6.5% fixed | 2037-02-15 | USD | 106.17 | 5.71% | 108 bp | 7 | $6.5M | Jul 2026 |
| 136385AL5 | 6.25% fixed | 2038-03-15 | USD | 103.81 | 5.79% | 111 bp | 18 | $45.1M | Jul 2026 |
| 136385AP6 | 6.75% fixed | 2039-02-01 | USD | 106.98 | 5.95% | 122 bp | 6 | $6.5M | Jul 2026 |
| 136385AY7 | 4.95% fixed | 2047-06-01 | USD | 85.16 | 6.23% | 112 bp | 7 | $2.3M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 18 | $286.1M | 99.73 | 5.50% | 98 bp | 24 |
| Jun 2026 | 12 | $682.8M | 104.76 | 5.24% | 84 bp | 59 |
| May 2026 | 11 | $521.6M | 104.32 | 5.19% | 79 bp | 34 |
| Apr 2026 | 20 | $377.4M | 101.43 | 5.13% | 95 bp | 22 |
| Mar 2026 | 12 | $704.8M | 104.60 | 5.23% | 107 bp | 58 |
| Feb 2026 | 13 | $529.4M | 103.54 | 4.87% | 86 bp | 35 |
| Jan 2026 | 19 | $377.8M | 101.77 | 5.10% | 102 bp | 23 |
| Dec 2025 | 11 | $720.3M | 104.29 | 5.17% | 117 bp | 55 |
| Nov 2025 | 19 | $531.2M | 99.97 | 5.02% | 106 bp | 35 |
| Oct 2025 | 16 | $403.9M | 102.02 | 5.13% | 119 bp | 25 |
| Sep 2025 | 13 | $915.9M | 102.25 | 5.16% | 114 bp | 60 |
| Aug 2025 | 14 | $513.9M | 101.06 | 5.37% | 122 bp | 28 |
| Jul 2025 | 17 | $426.6M | 99.76 | 5.47% | 124 bp | 27 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 43 added, 45 cut, 8 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $84.9M | $87.3M | -$25.0M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $77.3M | $78.1M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $72.9M | $75.3M | -$16.3M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $62.4M | $66.6M | $7.9M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $50.8M | $51.0M | $2.6M |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $45.0M | $47.6M | $0 |
| PIMCO Short Asset Portfolio PIMCO FUNDS | 2026-06-30 | $43.0M | $42.8M | $39.1M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $38.4M | $38.9M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $35.7M | $38.4M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $32.7M | $33.3M | -$405K |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $31.3M | $32.0M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $29.9M | $28.9M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $28.9M | $28.8M | $0 |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $24.1M | $25.0M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $24.6M | $24.9M | -$2.6M |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $21.3M | $21.4M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $20.1M | $20.3M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $18.8M | $19.6M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $18.3M | $18.5M | -$4.0M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.4M | $18.3M | $70K |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.2M | $18.1M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $16.0M | $15.8M | $4.4M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.3M | $15.2M | -$625K |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $15.0M | $14.9M | $0 |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $14.5M | $14.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD SHORT-TERM INVESTMENT-GRADE FUND ($89.6M), T. Rowe Price Ultra Short-Term Bond ETF ($9.0M), Baird Short-Term Bond Fund ($6.1M), State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF ($5.4M), SHORT-TERM INVESTMENT-GRADE PORTFOLIO ($4.0M), PIMCO Moderate Duration Fund ($800K), THRIVENT INCOME FUND ($800K), AB GLOBAL BOND FUND, INC. ($774K), THRIVENT INCOME PORTFOLIO ($700K), Nuveen Short Term Bond Index Fund ($500K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 10 | $84.9M | $87.3M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $62.4M | $66.6M | 0.10% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $50.8M | $51.0M | 0.10% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 11 | $32.7M | $33.3M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $24.6M | $24.9M | 0.08% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 6 | $18.8M | $19.6M | 0.18% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $17.4M | $18.3M | 0.03% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $18.2M | $18.1M | 0.20% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $16.0M | $15.8M | 0.17% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $15.3M | $15.2M | 0.07% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $13.7M | $14.5M | 0.08% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $13.2M | $13.4M | 0.08% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $12.7M | $12.7M | 0.28% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 2 | $11.3M | $11.3M | 0.16% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $11.0M | $10.9M | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.74: safer than 80% of companies (86th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $111.82B |
| Debt barrier (short-term + ½ long-term debt) | $6.86B |
| Equity volatility (1 year) | 31.0% |
| Asset value / asset volatility (solved) | $118.39B / 29.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 98 bp spread prices in about 1.6% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 3.26 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CNQ's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 86 | $1.07B | 0 | — | 1 | $217K | 0 |
| 2026-06-30 | 735 | $57.51B | 24 | $616.9M | 26 | $445.5M | 0 |
| 2026-03-31 | 730 | $70.29B | 24 | $956.9M | 26 | $530.7M | 0 |
| 2025-12-31 | 664 | $47.88B | 26 | $761.7M | 28 | $555.7M | 0 |
| 2025-09-30 | 629 | $45.26B | 26 | $761.4M | 28 | $577.7M | 0 |
| 2025-06-30 | 614 | $44.90B | 28 | $666.5M | 31 | $509.4M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.