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Smead Capital Management’s Cenovus Energy CVE Stock Holding History

Smead Capital 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
Q2 		$331M Sell
13,370,631
-1,497,372
-10% -$41.3M 7.11% 1
2026
Q1 		$394M Sell
14,868,003
-1,895,975
-11% -$40.4M 8.58% 1
2025
Q4 		$284M Buy
16,763,978
+374,238
+2% +$6.5M 5.89% 4
2025
Q3 		$278M Sell
16,389,740
-1,162,335
-7% -$18.1M 5.38% 3
2025
Q2 		$239M Buy
17,552,075
+2,056,163
+13% +$26.7M 4.79% 7
2025
Q1 		$215M Buy
15,495,912
+372,680
+2% +$5.37M 3.69% 16
2024
Q4 		$229M Sell
15,123,232
-292,914
-2% -$4.71M 3.55% 14
2024
Q3 		$258M Buy
15,416,146
+4,351,960
+39% +$80.7M 3.68% 12
2024
Q2 		$217M Buy
11,064,186
+6,742,085
+156% +$136M 3.4% 16
2024
Q1 		$86.4M Buy
4,322,101
+3,717,198
+615% +$63.5M 1.35% 22
2023
Q4 		$10.1M Buy
604,903
+16,134
+3% +$295K 0.18% 29
2023
Q3 		$12.3M Buy
588,769
+22,414
+4% +$428K 0.25% 27
2023
Q2 		$9.62M Buy
566,355
+5,131
+0.9% +$86.4K 0.19% 27
2023
Q1 		$9.79M Buy
561,224
+165,782
+42% +$3.04M 0.2% 28
2022
Q4 		$7.67M Buy
395,442
+15,590
+4% +$299K 0.16% 26
2022
Q3 		$5.83M Sell
379,852
-38,386
-9% -$682K 0.15% 25
2022
Q2 		$7.96M Buy
418,238
+153,591
+58% +$3.06M 0.2% 27
2022
Q1 		$4.41M Buy
264,647
+241,611
+1,049% +$3.67M 0.1% 28
2021
Q4 		$282K Buy
23,036
+525
+2% +$6.29K 0.01% 30
2021
Q3 		$287K Buy
22,511
+288
+1% +$2.46K 0.01% 29
2021
Q2 		$213K Buy
22,223
+634
+3% +$5.37K 0.01% 34
2021
Q1 		$162K Buy
+21,589
New +$152K 0.01% 34

Other funds holding CVE

Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return
Capital International Investors
Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity International
Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Smead Capital Management's CVE Position: Q2 2026 in Review

Smead Capital Management reduced its Cenovus Energy (CVE) stake by 10% in Q2 2026, selling an estimated $41.3M and leaving 13,370,631 shares worth $331M. The position accounts for 7.11% of the portfolio, ranked #1.

Smead Capital Management first reported a position in CVE in Q1 2021 and has held it in 22 quarters since. The position peaked at $394M in Q1 2026. 488 funds tracked by Wall St. Rank hold CVE as of Q2 2026.

  • Smead Capital Management held 13,370,631 shares of Cenovus Energy worth $331M as of Q2 2026.
  • Smead Capital Management sold 1,497,372 Cenovus Energy shares in Q2 2026, an estimated $41.3M.
  • Cenovus Energy made up 7.11% of Smead Capital Management's portfolio in Q2 2026, its #1 holding.
  • Smead Capital Management first reported a position in Cenovus Energy in Q1 2021 and has held it in 22 quarters since.
  • Smead Capital Management's Cenovus Energy position peaked at $394M in Q1 2026.
  • 488 funds tracked by Wall St. Rank held Cenovus Energy as of Q2 2026.

Based on Smead Capital Management's 13F filing for Q2 2026, filed 11 Aug 2026.