National Bank of Canada
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National Bank of Canada’s Cenovus Energy CVE Stock Holding History

National Bank of Canada’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 		$233M Sell
8,804,505
-4,120,711
-32% -$87.9M 0.21% 88
2025
Q4 		$219M Buy
12,925,216
+6,725,588
+108% +$117M 0.2% 93
2025
Q3 		$105M Sell
6,199,628
-6,100,310
-50% -$95.2M 0.1% 166
2025
Q2 		$167M Buy
12,299,938
+1,809,746
+17% +$23.5M 0.16% 125
2025
Q1 		$146M Buy
10,490,192
+2,485,890
+31% +$35.8M 0.15% 139
2024
Q4 		$121M Sell
8,004,302
-2,936,243
-27% -$47.2M 0.13% 153
2024
Q3 		$183M Buy
10,940,545
+801,656
+8% +$14.9M 0.21% 94
2024
Q2 		$199M Sell
10,138,889
-4,586,793
-31% -$92.8M 0.27% 68
2024
Q1 		$302M Buy
14,725,682
+5,402,312
+58% +$92.3M 0.46% 40
2023
Q4 		$155M Buy
9,323,370
+597,186
+7% +$10.9M 0.25% 91
2023
Q3 		$175M Sell
8,726,184
-3,639,681
-29% -$69.5M 0.27% 91
2023
Q2 		$210M Sell
12,365,865
-2,703,317
-18% -$45.5M 0.38% 54
2023
Q1 		$263M Buy
15,069,182
+272,281
+2% +$5M 0.65% 30
2022
Q4 		$287M Buy
14,796,901
+13,330,138
+909% +$256M 0.73% 23
2022
Q3 		$22.5M Sell
1,466,763
-3,519
-0.2% -$62.5K 0.12% 193
2022
Q2 		$27.9M Sell
1,470,282
-240,861
-14% -$4.79M 0.13% 180
2022
Q1 		$28.5M Buy
1,711,143
+147,047
+9% +$2.23M 0.08% 218
2021
Q4 		$19.2M Buy
+1,564,096
New +$18.7M 0.07% 240

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

National Bank of Canada's CVE Position: Q1 2026 in Review

National Bank of Canada reduced its Cenovus Energy (CVE) stake by 32% in Q1 2026, selling an estimated $87.9M and leaving 8,804,505 shares worth $233M. The position accounts for 0.21% of the portfolio, ranked #88.

National Bank of Canada first reported a position in CVE in Q4 2021 and has held it in 18 quarters since. The position peaked at $302M in Q1 2024. 459 funds tracked by Wall St. Rank hold CVE as of Q1 2026.

  • National Bank of Canada held 8,804,505 shares of Cenovus Energy worth $233M as of Q1 2026.
  • National Bank of Canada sold 4,120,711 Cenovus Energy shares in Q1 2026, an estimated $87.9M.
  • Cenovus Energy made up 0.21% of National Bank of Canada's portfolio in Q1 2026, its #88 holding.
  • National Bank of Canada first reported a position in Cenovus Energy in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Cenovus Energy position peaked at $302M in Q1 2024.
  • 459 funds tracked by Wall St. Rank held Cenovus Energy as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.