Cenovus Energy
290 hedge funds and large institutions have $8.4B invested in Cenovus Energy in 2017 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 70 increasing their positions, 98 reducing their positions, and 34 closing their positions.
68% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 34
28% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $10.9M
18% more capital invested
Capital invested by funds: $7.09B → $8.4B (+$1.31B)
17.08% more ownership
Funds ownership: 57.55% → 74.63% (+17%)
7% more funds holding
Funds holding: 270 → 290 (+20)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
29% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 98
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$358M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$264M |
| 3 |
H
Hexavest
Montreal,
Quebec, Canada
|
+$42.8M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$33.1M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$26.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$111M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$74.1M |
| 3 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$57.2M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$45.1M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$42.9M |
CVE Hedge Fund Activity: Q4 2017 in Review
290 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2017, worth a combined $8.4B — up 18% from $7.09B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CVE positions and 34 closed out — a net gain of 23 holders — while 70 added to existing stakes and 98 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $358M. The largest seller was Royal Bank of Canada, cutting an estimated $111M.
- 290 institutional investors held Cenovus Energy (CVE) as of Q4 2017, up from 270 in Q3 2017.
- Funds reported $8.4B of Cenovus Energy stock for Q4 2017, up 18% quarter-over-quarter.
- 57 funds opened new Cenovus Energy positions in Q4 2017 and 34 closed out, a net change of +23 holders.
- The largest Cenovus Energy buyer in Q4 2017 was Fidelity Investments, an estimated $358M added.
- The largest Cenovus Energy seller in Q4 2017 was Royal Bank of Canada, an estimated $111M sold.
Based on aggregated 13F filings for Q4 2017.