In a significant portfolio shift, John Armitage's Egerton Capital completely divested its stake in Canadian Natural Resources during the second quarter of 2026. According to regulatory filings, the firm sold all 5.69 million of its shares, which were valued at approximately $277.06 million at the end of the first quarter.
This disclosure comes from a quarterly 13F filing, which reports positions held as of June 30, 2026, so the trades could have occurred at any point during the second quarter. The sale liquidated a position that previously accounted for over 3% of Egerton's reported portfolio. The firm had first initiated its position in Canadian Natural Resources in the first quarter of 2026.