CUSIP 12653C108
CNX
latest 13F · 2026-Q1
Recent filings
13
Fund-manager holders (13F)
4
Last activity
Jun 30, 2020
Price chart
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
What they're saying
Letter2Q26 Partners Fund Commentary
Mason HawkinsLongleaf warns markets have reached speculative extremes, with CAPE at historic highs and AI-driven multiples disconnecting from real FCF.
“CNX Resources – After contributing in the first quarter, natural gas company CNX Resources detracted in the second quarter. The company reported another solid quarter and continues to focus on steadily growing FCF per share”
Jun 30, 2026
Letter1Q26 Partners Fund Commentary
Mason HawkinsLongleaf Partners lagged early 2026 as markets punished complex earnings, but the fund sees opportunity in undervalued quality companies trading at mid-50s price-to-value.
“CNX, with its more hedged earnings stream vs. other, lower-quality energy companies, only saw its stock price go up 5% in the quarter”
Mar 31, 2026
Letter3Q25 Partners Fund Commentary
Mason HawkinsLongleaf warns Mag 7 valuations are disconnected from FCF growth, while its own portfolio trades at ~10x FCF with multiple catalysts ahead.
“CNX Resources (6.2% portfolio weight): As the company's hedges mature, share repurchases continue and its Deep Utica resource potential becomes more apparent, the company should trade at a premium 10-15x FCF multiple.”
Sep 30, 2025
Smart-money holders
| Investor | Shares | Market value | % of portfolio | Quarter |
|---|---|---|---|---|
| Mason Hawkins | 4,014,111 | $154.7M | — | 2026-Q1 |
| Cliff Asness | 944,258 | $36.4M | — | 2026-Q1 |
| Bridgewater Associates | 85,936 | $3.2M | — | 2025-Q4 |
| Jeremy Grantham |
Recent flows
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