Cenovus Energy
388 hedge funds and large institutions have $20.2B invested in Cenovus Energy in 2023 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 143 increasing their positions, 117 reducing their positions, and 35 closing their positions.
55% more call options, than puts
Call options by funds: $350M | Put options by funds: $226M
46% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 35
39% more funds holding in top 10
Funds holding in top 10: 18 → 25 (+7)
26% more capital invested
Capital invested by funds: $16.1B → $20.2B (+$4.11B)
22% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 117
4% more funds holding
Funds holding: 374 → 388 (+14)
1.43% more ownership
Funds ownership: 49.51% → 50.95% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$531M |
| 2 |
Goldman Sachs
New York
|
+$174M |
| 3 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$133M |
| 4 |
Morgan Stanley
New York
|
+$128M |
| 5 |
Millennium Management
New York
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$395M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$139M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$87.5M |
| 4 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$80.6M |
| 5 |
SCP
Soroban Capital Partners
New York
|
-$75.7M |
CVE Hedge Fund Activity: Q3 2023 in Review
388 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2023, worth a combined $20.2B — up 26% from $16.1B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new CVE positions and 35 closed out — a net gain of 16 holders — while 143 added to existing stakes and 117 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $531M. The largest seller was Fidelity Investments, cutting an estimated $395M.
- 388 institutional investors held Cenovus Energy (CVE) as of Q3 2023, up from 374 in Q2 2023.
- Funds reported $20.2B of Cenovus Energy stock for Q3 2023, up 26% quarter-over-quarter.
- 51 funds opened new Cenovus Energy positions in Q3 2023 and 35 closed out, a net change of +16 holders.
- The largest Cenovus Energy buyer in Q3 2023 was Capital Research Global Investors, an estimated $531M added.
- The largest Cenovus Energy seller in Q3 2023 was Fidelity Investments, an estimated $395M sold.
Based on aggregated 13F filings for Q3 2023.