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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
Morgan Stanley
51
Morgan Stanley
New York
$24.5M +$5.03M +218,371 +22%
CAM
52
Cidel Asset Management
Ontario, Canada
$22.7M +$25.3M +1,099,713 New
LM
53
Lincluden Management
Ontario, Canada
$22.2M +$5.27M +228,955 +25%
MAA
54
Managed Account Advisors
New Jersey
$21.9M -$1.33M -57,668 -5%
Ninety One (UK)
55
Ninety One (UK)
United Kingdom
$21.3M +$2.33M +101,107 +11%
CI
56
Capital International
California
$21.3M -$1.7M -73,900 -7%
State of Tennessee, Department of Treasury
57
State of Tennessee, Department of Treasury
Tennessee
$20.9M +$23.2M +1,008,387 New
Bank of New York Mellon
58
Bank of New York Mellon
New York
$20.8M +$216K +9,373 +0.9%
BFA
59
BlackRock Fund Advisors
California
$20M +$3.53M +153,295 +19%
Dimensional Fund Advisors
60
Dimensional Fund Advisors
Texas
$19.4M +$16.7M +726,652 +337%
JP Morgan Chase
61
JP Morgan Chase
New York
$16M -$33.5M -1,454,794 -65%
AQR Capital Management
62
AQR Capital Management
Connecticut
$15.9M +$15.4M +666,809 +657%
AT
63
AMF Tjänstepension
Sweden
$15.3M +$17.1M +741,654 New
CIS
64
Capital International Sarl
California
$15.1M -$856K -37,150 -5%
Two Sigma Advisers
65
Two Sigma Advisers
New York
$14.6M +$4.66M +202,500 +40%
FRM
66
Foundation Resource Management
Arkansas
$14.3M -$127K -5,508 -0.8%
DCM
67
Dupont Capital Management
Delaware
$14M -$1.69M -73,554 -10%
Goldman Sachs
68
Goldman Sachs
New York
$13.5M -$598K -25,980 -4%
Connor, Clark & Lunn Investment Management (CC&L)
69
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$12.3M +$2.6M +112,749 +23%
Aviva
70
Aviva
United Kingdom
$12.1M +$58.7K +2,548 +0.4%
H
71
Hexavest
Quebec, Canada
$11.8M -$808K -35,104 -6%
BONST
72
Bank of Nova Scotia Trust
Ontario, Canada
$11.6M +$720K +31,282 +6%
CII
73
Capital International Inc
California
$11M +$6.91K +300 +0.1%
Schroder Investment Management Group
74
Schroder Investment Management Group
United Kingdom
$10.6M -$5.21M -226,397 -34%
WF
75
Welch & Forbes
Massachusetts
$10.3M -$2.81M -121,931 -20%

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.