Cenovus Energy
270 hedge funds and large institutions have $7.09B invested in Cenovus Energy in 2017 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 75 increasing their positions, 87 reducing their positions, and 35 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
79% more call options, than puts
Call options by funds: $27.9M | Put options by funds: $15.6M
37% more capital invested
Capital invested by funds: $5.18B → $7.09B (+$1.91B)
31% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 35
3% more funds holding
Funds holding: 263 → 270 (+7)
0.61% more ownership
Funds ownership: 56.94% → 57.55% (+0.61%)
14% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$140M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$136M |
| 3 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$62.5M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$57.1M |
| 5 |
H
Hexavest
Montreal,
Quebec, Canada
|
+$46.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$152M |
| 2 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$99.8M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$54.1M |
| 4 |
Morgan Stanley
New York
|
-$34.4M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$32.6M |
CVE Hedge Fund Activity: Q3 2017 in Review
270 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2017, worth a combined $7.09B — up 37% from $5.18B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CVE positions and 35 closed out — a net gain of 11 holders — while 75 added to existing stakes and 87 trimmed.
The largest buyer was Capital World Investors, opening a new position worth an estimated $140M. The largest seller was Beutel, Goodman & Co, cutting an estimated $152M.
- 270 institutional investors held Cenovus Energy (CVE) as of Q3 2017, up from 263 in Q2 2017.
- Funds reported $7.09B of Cenovus Energy stock for Q3 2017, up 37% quarter-over-quarter.
- 46 funds opened new Cenovus Energy positions in Q3 2017 and 35 closed out, a net change of +11 holders.
- The largest Cenovus Energy buyer in Q3 2017 was Capital World Investors, an estimated $140M added.
- The largest Cenovus Energy seller in Q3 2017 was Beutel, Goodman & Co, an estimated $152M sold.
Based on aggregated 13F filings for Q3 2017.