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Cenovus Energy
CVE

270 hedge funds and large institutions have $8.88B invested in Cenovus Energy in 2016 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 81 increasing their positions, 93 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

44% more call options, than puts

Call options by funds: $6.72M | Put options by funds: $4.67M

26% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 34

8% more capital invested

Capital invested by funds: $8.19B → $8.88B (+$690M)

2% more funds holding

Funds holding: 265 → 270 (+5)

0.91% more ownership

Funds ownership: 68.24% → 69.16% (+0.91%)

13% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 93

Holders
270
Holders Change
+5
Holders Change %
+1.89%
% of All Funds
6.75%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
43
Increased
81
Reduced
93
Closed
34
Calls
$6.72M
Puts
$4.67M
Net Calls
+$2.05M
Net Calls Change
-$1.41M

Top Buyers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$123M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$66.2M
3
SI
Sentry Investments
Ontario, Canada
+$49.9M
4
HCM
Highfields Capital Management
Massachusetts
+$38M
5
PIC
PCJ Investment Counsel
Ontario, Canada
+$33.6M

Top Sellers

1
BAM
Burgundy Asset Management
Ontario, Canada
-$71.6M
2
IGIM
I.G. Investment Management
Manitoba, Canada
-$70.2M
3
Franklin Resources
Franklin Resources
California
-$47.1M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$41.8M
5
Invesco
Invesco
Georgia
-$28.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
301
North Star Investment Management
Illinois
– +$30 +2 New
BIG
302
Bellwether Investment Group
Tennessee
– +$452 +30 New
9 10 11 12
13

CVE Hedge Fund Activity: Q4 2016 in Review

270 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2016, worth a combined $8.88B — up 8.4% from $8.19B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new CVE positions and 34 closed out — a net gain of 9 holders — while 81 added to existing stakes and 93 trimmed.

The largest buyer was 1832 Asset Management, adding an estimated $123M. The largest seller was Burgundy Asset Management, cutting an estimated $71.6M.

  • 270 institutional investors held Cenovus Energy (CVE) as of Q4 2016, up from 265 in Q3 2016.
  • Funds reported $8.88B of Cenovus Energy stock for Q4 2016, up 8.4% quarter-over-quarter.
  • 43 funds opened new Cenovus Energy positions in Q4 2016 and 34 closed out, a net change of +9 holders.
  • The largest Cenovus Energy buyer in Q4 2016 was 1832 Asset Management, an estimated $123M added.
  • The largest Cenovus Energy seller in Q4 2016 was Burgundy Asset Management, an estimated $71.6M sold.

Based on aggregated 13F filings for Q4 2016.