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Merewether Investment Management’s Cenovus Energy CVE Stock Holding History

Merewether Investment Management’s Portfolio CVE Stock Details CVE Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$127M Buy
4,771,600
+2,695,009
+130% +$57.5M 2.45% 14
2025
Q4 		$35.1M Sell
2,076,591
-5,061,631
-71% -$87.9M 0.81% 43
2025
Q3 		$121M Buy
7,138,222
+1,047,500
+17% +$16.4M 2.9% 11
2025
Q2 		$82.8M Buy
6,090,722
+2,409,096
+65% +$31.3M 2.39% 11
2025
Q1 		$51.2M Sell
3,681,626
-630,048
-15% -$9.07M 1.86% 20
2024
Q4 		$65.3M Sell
4,311,674
-584,524
-12% -$9.4M 2.61% 11
2024
Q3 		$81.9M Sell
4,896,198
-239,600
-5% -$4.44M 3.78% 9
2024
Q2 		$101M Sell
5,135,798
-1,619,200
-24% -$32.7M 5.33% 5
2024
Q1 		$135M Buy
+6,754,998
New +$115M 7.19% 2
2023
Q4 		– Sell
-5,284,548
Closed -$110M – 49
2023
Q3 		$110M Buy
5,284,548
+1,314,300
+33% +$25.1M 6.65% 2
2023
Q2 		$67.4M Buy
3,970,248
+776,933
+24% +$13.1M 4.9% 5
2023
Q1 		$55.8M Sell
3,193,315
-798,880
-20% -$14.7M 4.94% 9
2022
Q4 		$77.5M Buy
+3,992,195
New +$76.6M 7.57% 1
2022
Q2 		– Sell
-2,233,250
Closed -$37.3M – 39
2022
Q1 		$37.3M Sell
2,233,250
-800,000
-26% -$12.1M 3.78% 13
2021
Q4 		$37.2M Buy
3,033,250
+350,000
+13% +$4.19M 3.95% 9
2021
Q3 		$27M Buy
2,683,250
+500,000
+23% +$4.27M 3.8% 13
2021
Q2 		$20.9M Buy
+2,183,250
New +$18.5M 3.68% 13

Other funds holding CVE

Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
GQG Partners
GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Merewether Investment Management's CVE Position: Q1 2026 in Review

Merewether Investment Management increased its Cenovus Energy (CVE) stake by 130% in Q1 2026, buying an estimated $57.5M and bringing the position to 4,771,600 shares worth $127M. The position accounts for 2.45% of the portfolio, ranked #14.

Merewether Investment Management first reported a position in CVE in Q2 2021 and has held it in 17 quarters since. The position peaked at $135M in Q1 2024. 458 funds tracked by Wall St. Rank hold CVE as of Q1 2026.

  • Merewether Investment Management held 4,771,600 shares of Cenovus Energy worth $127M as of Q1 2026.
  • Merewether Investment Management bought 2,695,009 Cenovus Energy shares in Q1 2026, an estimated $57.5M.
  • Cenovus Energy made up 2.45% of Merewether Investment Management's portfolio in Q1 2026, its #14 holding.
  • Merewether Investment Management first reported a position in Cenovus Energy in Q2 2021 and has held it in 17 quarters since.
  • Merewether Investment Management's Cenovus Energy position peaked at $135M in Q1 2024.
  • 458 funds tracked by Wall St. Rank held Cenovus Energy as of Q1 2026.

Based on Merewether Investment Management's 13F filing for Q1 2026, filed 15 May 2026.