Cenovus Energy
417 hedge funds and large institutions have $18.2B invested in Cenovus Energy in 2024 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 154 increasing their positions, 144 reducing their positions, and 42 closing their positions.
47% more call options, than puts
Call options by funds: $341M | Put options by funds: $231M
38% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 42
2% more funds holding
Funds holding: 409 → 417 (+8)
7% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 144
1.55% less ownership
Funds ownership: 50.88% → 49.34% (-1.5%)
5% less capital invested
Capital invested by funds: $19.2B → $18.2B (-$1.05B)
19% less funds holding in top 10
Funds holding in top 10: 26 → 21 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$292M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$252M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$198M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$150M |
| 5 |
SCM
Smead Capital Management
Phoenix,
Arizona
|
+$136M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$413M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$339M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$184M |
| 4 |
Millennium Management
New York
|
-$163M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$155M |
CVE Hedge Fund Activity: Q2 2024 in Review
417 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2024, worth a combined $18.2B — down 5.5% from $19.2B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CVE positions and 42 closed out — a net gain of 16 holders — while 154 added to existing stakes and 144 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $292M. The largest seller was Goldman Sachs, cutting an estimated $413M.
- 417 institutional investors held Cenovus Energy (CVE) as of Q2 2024, up from 409 in Q1 2024.
- Funds reported $18.2B of Cenovus Energy stock for Q2 2024, down 5.5% quarter-over-quarter.
- 58 funds opened new Cenovus Energy positions in Q2 2024 and 42 closed out, a net change of +16 holders.
- The largest Cenovus Energy buyer in Q2 2024 was Arrowstreet Capital, an estimated $292M added.
- The largest Cenovus Energy seller in Q2 2024 was Goldman Sachs, an estimated $413M sold.
Based on aggregated 13F filings for Q2 2024.