CNX Resources

CNX • NYSE

CNX Resources is a oil & gas exploration & production company in the energy sector on NYSE, led by Nicholas J. DeIuliis, with a market cap of $5.4B. As of Q3 2025, 96% of shares are held by 359 institutional investors, with BlackRock, Inc. as the largest holder at 12.24%.

Chief Executive OfficerNicholas J. DeIuliis

Market Cap$5.4B

Oil & Gas Exploration & Production

Energy

Employees470.0

Websitecnx.com

Country

United States of America

Overview

Overview of institutional ownership in CNX as of Q3 2025 with a market cap of $4.5B

All Institutions

Institutions: 359
Value Held: $4.4B
Shares Held: 135.5M
Avg Position: $12.1M
Median Position: $646.8K

Hedge Funds

Hedge Funds: 44
Value Held: $608.4M
Shares Held: 18.9M
Avg Position: $13.8M
Median Position: $3.1M

Ownership Breakdown

Institutional (non-HF)

82.43%

$3.7B

Hedge Funds

13.39%

$608.4M

Retail & Other

4.18%

$189.8M

Based on market cap of $4.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CNX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$555.8M 0.01% of portfolio	12.24% 17.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$464.3M 0.01% of portfolio	10.22% 14.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$277.1M 0.06% of portfolio	6.10% 8.6M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	$268.2M 5.42% of portfolio	5.90% 8.4M shares	Q3 2024 Held for 1y 2m	$5.0B
N Neuberger Berman Group LLC Institution	-	$264.1M 0.19% of portfolio	5.81% 8.2M shares	Q1 2021 Held for 4y 8m	$136.94B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$217.8M 0.01% of portfolio	4.79% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	Raymond Eugene Glotzbach CEO	$152.7M 7.79% of portfolio	3.36% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.0B
D D. E. Shaw & Co., Inc. Institution	-	$142.4M 0.12% of portfolio	3.13% 4.4M shares	≤ Q2 2013 Held for 12y 5m+	$115.81B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$133.4M 0.01% of portfolio	2.94% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$126.9M 0.02% of portfolio	2.79% 4.0M shares	Q3 2024 Held for 1y 2m	$532.36B

Net Capital Flow

Institutional buying and selling activity for CNX in Q3 2025

Traded: −$119.3M
Buyers: 126
Sellers: 205
Total Bought: +$285.2M
Total Sold: −$404.5M
Avg Position: $10.9M

Biggest Buyers

Institution	Net Bought	Current Position
Capital Research Global Investors RIA/Wealth	+$35.3M +1.1M shares	$126.9M 4.0M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$30.4M +947.9K shares	$35.5M 1.1M shares
P Pacer Advisors, Inc. Institution	+$23.4M +728.3K shares	$23.9M 743.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$15.0M +467.8K shares	$76.8M 2.4M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$14.6M +454.1K shares	$104.0M 3.2M shares
D D. E. Shaw & Co., Inc. Institution	+$14.0M +434.7K shares	$142.4M 4.4M shares
UBS Group AG Institution	+$13.9M +433.4K shares	$31.2M 970.4K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	+$13.0M +403.5K shares	$13.0M 403.5K shares
M Man Group plc Institution	+$12.0M +372.1K shares	$33.2M 1.0M shares
O OSSIAM Institution	+$11.6M +362.4K shares	$21.6M 672.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$32.1M −997.9K shares	$4.3M 135.0K shares
B BlackRock, Inc. Institution	−$31.4M −976.5K shares	$555.8M 17.3M shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	−$24.3M −756.9K shares	$4.6M 142.7K shares
VANGUARD GROUP INC Institution	−$20.6M −640.2K shares	$464.3M 14.5M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$19.9M −618.9K shares	$13.7M 427.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$18.3M −568.3K shares	$10.4M 322.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$16.9M −525.8K shares	$825.2K 25.7K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$15.2M −473.0K shares	$21.5M 670.5K shares
MORGAN STANLEY RIA/Wealth	−$14.7M −456.6K shares	$58.6M 1.8M shares
GOLDMAN SACHS GROUP INC Institution	−$12.6M −393.3K shares	$44.6M 1.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CNX in Q3 2025

New Positions: 15
New Value: $13.6M
Exited Positions: 42
Exited Value: $44.7M

New Positions

Institution	Position Value
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$10.3M 319.6K shares
B BW Gestao de Investimentos Ltda. Institution	$1.2M 38.8K shares
Paradiem, LLC RIA/Wealth	$983.6K 30.6K shares
D denkapparat Operations GmbH Institution	$335.3K 10.4K shares
Gallacher Capital Management LLC RIA/Wealth	$314.0K 9.8K shares
B BROWN ADVISORY INC RIA/Wealth	$238.8K 7.4K shares
Advyzon Investment Management, LLC RIA/Wealth	$201.6K 6.3K shares
Union Bankshares Corp Institution	$24.1K 750.0 shares
R Root Financial Partners, LLC RIA/Wealth	$14.7K 459.0 shares
P Point72 Asia Pte. Ltd. Institution	$6.2K 194.0 shares

Exited Positions

Institution	Previous Position
T TEXAS PERMANENT SCHOOL FUND Institution	$9.8M 290.9K shares
M Mercuria Capital Strategies, LLC Institution	$5.8M 173.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$5.6M 166.7K shares
Y Y-Intercept Ltd Institution	$3.8M 112.3K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$3.3M 99.0K shares
H Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Institution	$2.5M 75.1K shares
S S.A.C. Capital Advisors Ltd. Institution	$1.8M 53.7K shares
SummerHaven Investment Management, LLC Long Only Manager	$1.0M 30.7K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$1.0M 30.1K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$924.9K 27.5K shares

Options Activity

Institutions with the largest Call and Put options positions in CNX as of Q3 2025

Call Positions: 15
Call Value: $298.7M
Put Positions: 10
Put Value: $12.4M

Call Positions

Institution	Position Value
UBS Group AG Institution	$215.8M 67.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$27.8M 8.6K contracts
J JANE STREET GROUP, LLC Institution	$19.5M 6.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.4M 2.9K contracts
Walleye Trading LLC RIA/Wealth	$6.6M 2.1K contracts
P PEAK6 LLC Institution	$6.5M 2.0K contracts
D D. E. Shaw & Co., Inc. Institution	$6.4M 2.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 795.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 334.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.0M 313.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.6M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.0M 943.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$2.4M 758.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.2M 376.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$815.8K 254.0 contracts
W WOLVERINE TRADING, LLC Institution	$796.6K 248.0 contracts
J JANE STREET GROUP, LLC Institution	$430.4K 134.0 contracts
Walleye Trading LLC RIA/Wealth	$99.6K 31.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$19.3K 6.0 contracts
P PEAK6 LLC Institution	$3.2K 1.0 contracts

Most Committed Institutions

Institutions with CNX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Southeast Asset Advisors Inc. RIA/Wealth	Bernard Nmn Lanigan CEO	8.42% $77.7M	1.71% 2.4M shares	Q1 2016 Held for 9y 8m	$923.2M
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	Raymond Eugene Glotzbach CEO	7.79% $152.7M	3.36% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.0B
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	5.42% $268.2M	5.90% 8.4M shares	Q3 2024 Held for 1y 2m	$5.0B
CAPITAL MANAGEMENT CORP /VA RIA/Wealth	Pamela Catherine Simms President	1.99% $12.6M	0.28% 393.7K shares	Q4 2021 Held for 3y 11m	$636.3M
W Wallace Capital Management Inc. Hedge Fund•Multi-Strategy	Christopher Lee Thomason President	1.67% $13.4M	0.30% 418.3K shares	Q2 2022 Held for 3y 5m	$804.5M
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC RIA/Wealth	Scott Edger Lundy CEO	1.64% $13.2M	0.29% 410.6K shares	≤ Q2 2013 Held for 12y 5m+	$803.1M
Glenorchy Capital Ltd Hedge Fund•Global Macro	Bradley Thomas Mcfadden CIO	1.55% $2.1M	0.05% 66.4K shares	Q4 2023 Held for 1y 11m	$137.8M
C Carnegie Lake Advisors LLC RIA/Wealth	Eckart Alexander Weeck President	1.55% $4.0M	0.09% 125.1K shares	Q3 2024 Held for 1y 2m	$259.9M
A Aureus Asset Management, LLC RIA/Wealth	Thaddeus Hallock Davis CEO	1.43% $22.0M	0.48% 685.7K shares	Q2 2024 Held for 1y 5m	$1.5B
PETRA FINANCIAL ADVISORS INC RIA/Wealth	Jonathan Stephen Forbes President	1.07% $1.8M	0.04% 56.8K shares	Q4 2022 Held for 2y 11m	$169.8M

Hedge Fund Spotlight

Discover hedge funds investing in CNX

Qsemble Capital Management, LP

Hedge Fund • Quant

Portfolio ManagerSteven Hwa Lin

Portfolio Value: $1.0B
Positions: 437
Last Reported: Q3 2025

Sector Allocation

Position in CNX Resources

Market Value: $226.9K
Shares Held: 7.1K
Portfolio Weight: 0.02%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Western Digital WDC	Computer Hardware Technology	$12.2M	1.19%
2 S&P Global SPGI	Financial - Data & Stock Exchanges Financial Services	$11.4M	1.11%
3 Bristol-Myers Squibb BMY	Drug Manufacturers - General Healthcare	$10.6M	1.03%