Cenovus Energy
307 hedge funds and large institutions have $9.1B invested in Cenovus Energy in 2015 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 122 increasing their positions, 102 reducing their positions, and 41 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
20% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 102
1.89% more ownership
Funds ownership: 63.12% → 65.01% (+1.9%)
3% less funds holding
Funds holding: 318 → 307 (-11)
8% less capital invested
Capital invested by funds: $9.9B → $9.1B (-$802M)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
25% less call options, than puts
Call options by funds: $27.6M | Put options by funds: $36.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$193M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$154M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$136M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$118M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$130M |
| 2 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$110M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$58.8M |
| 4 |
Neuberger Berman Group
New York
|
-$40.1M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$31.3M |
CVE Hedge Fund Activity: Q1 2015 in Review
307 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q1 2015, worth a combined $9.1B — down 8.1% from $9.9B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of CVE and 33 opened new positions — a net loss of 8 holders — while 102 trimmed existing stakes and 122 added.
The largest buyer was Vanguard Group, opening a new position worth an estimated $193M. The largest seller was 1832 Asset Management, cutting an estimated $130M.
- 307 institutional investors held Cenovus Energy (CVE) as of Q1 2015, down from 318 in Q4 2014.
- Funds reported $9.1B of Cenovus Energy stock for Q1 2015, down 8.1% quarter-over-quarter.
- 33 funds opened new Cenovus Energy positions in Q1 2015 and 41 closed out, a net change of -8 holders.
- The largest Cenovus Energy buyer in Q1 2015 was Vanguard Group, an estimated $193M added.
- The largest Cenovus Energy seller in Q1 2015 was 1832 Asset Management, an estimated $130M sold.
Based on aggregated 13F filings for Q1 2015.