Cenovus Energy
318 hedge funds and large institutions have $9.9B invested in Cenovus Energy in 2014 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 99 increasing their positions, 139 reducing their positions, and 50 closing their positions.
22% more call options, than puts
Call options by funds: $34.9M | Put options by funds: $28.7M
1.09% more ownership
Funds ownership: 62.02% → 63.12% (+1.1%)
6% less funds holding
Funds holding: 337 → 318 (-19)
21% less capital invested
Capital invested by funds: $12.6B → $9.9B (-$2.69B)
29% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 139
32% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 50
67% less funds holding in top 10
Funds holding in top 10: 12 → 4 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$190M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$142M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$115M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$107M |
| 5 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$192M |
| 2 |
Neuberger Berman Group
New York
|
-$173M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$99.2M |
| 4 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$87.1M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$44M |
CVE Hedge Fund Activity: Q4 2014 in Review
318 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2014, worth a combined $9.9B — down 21% from $12.6B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of CVE and 34 opened new positions — a net loss of 16 holders — while 139 trimmed existing stakes and 99 added.
The largest buyer was Burgundy Asset Management, adding an estimated $190M. The largest seller was Fidelity Investments, cutting an estimated $192M.
- 318 institutional investors held Cenovus Energy (CVE) as of Q4 2014, down from 337 in Q3 2014.
- Funds reported $9.9B of Cenovus Energy stock for Q4 2014, down 21% quarter-over-quarter.
- 34 funds opened new Cenovus Energy positions in Q4 2014 and 50 closed out, a net change of -16 holders.
- The largest Cenovus Energy buyer in Q4 2014 was Burgundy Asset Management, an estimated $190M added.
- The largest Cenovus Energy seller in Q4 2014 was Fidelity Investments, an estimated $192M sold.
Based on aggregated 13F filings for Q4 2014.