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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.

New
Increased
Maintained
Reduced
Closed

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: 337318 (-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: 124 (-8)

Holders
318
Holders Change
-19
Holders Change %
-5.64%
% of All Funds
8.48%
Holding in Top 10
4
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-66.67%
% of All Funds
0.11%
New
34
Increased
99
Reduced
139
Closed
50
Calls
$34.9M
Puts
$28.7M
Net Calls
+$6.21M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
Massachusetts Financial Services
26
Massachusetts Financial Services
Massachusetts
$106M -$4.3M -186,592 -3%
Capital International Investors
27
Capital International Investors
California
$97.2M +$31.2M +1,353,900 +40%
GE
28
General Electric
Ohio
$80.1M +$17.9M +776,750 +25%
Mawer Investment Management
29
Mawer Investment Management
Alberta, Canada
$73.5M -$7.41M -321,930 -9%
Legal & General Group
30
Legal & General Group
United Kingdom
$64.7M +$1.47M +63,648 +2%
AIMCA
31
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$61.3M +$27.2M +1,180,400 +86%
Baillie Gifford & Co
32
Baillie Gifford & Co
United Kingdom
$58.8M -$115K -5,006 -0.2%
IIM
33
Intact Investment Management
Quebec, Canada
$56.3M -$854K -37,100 -2%
USSCPF
34
United States Steel & Carnegie Pension Fund
New York
$55.7M +$62.2M +2,700,017 New
Public Sector Pension Investment Board (PSP Investments)
35
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$55.3M +$1.1M +47,600 +2%
Neuberger Berman Group
36
Neuberger Berman Group
New York
$54.8M -$173M -7,526,576 -74%
Swiss National Bank
37
Swiss National Bank
Switzerland
$48.3M +$1.92M +83,500 +4%
RFC
38
Russell Frank Company
Washington
$48.1M +$11.2M +486,597 +26%
APG Asset Management
39
APG Asset Management
Netherlands
$44.7M +$2.08M +90,107 +5%
CCMIC
40
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$43.8M -$16.5M -716,197 -25%
UBS AM
41
UBS AM
Illinois
$39.8M -$9.54M -414,431 -18%
IG
42
ING Group
Netherlands
$36.4M +$11.5M +498,700 +39%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$36M -$608K -26,396 -1%
BKBG
44
BHF Kleinwort Benson Group
Belgium
$34.1M +$32.2M +1,397,248 New
EIG
45
EdgePoint Investment Group
Ontario, Canada
$28.6M -$4.49M -195,024 -12%
Fiera Capital (Canada)
46
Fiera Capital (Canada)
Quebec, Canada
$28.3M -$7.28M -316,129 -19%
OTPPB
47
Ontario Teachers' Pension Plan Board
Ontario, Canada
$28.2M +$9.66M +419,547 +45%
CS
48
Credit Suisse
Switzerland
$27.1M -$9.43M -409,475 -24%
SC
49
Scotia Capital
Ontario, Canada
$26.8M -$7.92M -344,096 -21%
AII
50
AGF Investments Inc
Ontario, Canada
$25.1M -$87.1M -3,783,957 -76%

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.