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Cenovus Energy
CVE

291 hedge funds and large institutions have $8.5B invested in Cenovus Energy in 2015 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 81 increasing their positions, 120 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more call options, than puts

Call options by funds: $25.3M | Put options by funds: $18.9M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.33% less ownership

Funds ownership: 65.01% → 64.68% (-0.33%)

5% less funds holding

Funds holding: 307 → 291 (-16)

7% less capital invested

Capital invested by funds: $9.1B → $8.5B (-$600M)

25% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 44

33% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 120

Holders
291
Holders Change
-16
Holders Change %
-5.21%
% of All Funds
7.84%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
33
Increased
81
Reduced
120
Closed
44
Calls
$25.3M
Puts
$18.9M
Net Calls
+$6.39M
Net Calls Change
+$15.7M

Top Buyers

1
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$77.7M
2
HCM
Highfields Capital Management
Massachusetts
+$76.1M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$52.4M
4
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$46.9M
5
BGC
Beutel, Goodman & Co
Ontario, Canada
+$43.9M

Top Sellers

1
First Eagle Investment Management
First Eagle Investment Management
New York
-$87.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$76.8M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$59.6M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$53.1M
5
Millennium Management
Millennium Management
New York
-$48.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
101
BlueCrest Capital Management
Jersey
$4.76M +$5.18M +297,331 New
WF
102
Welch & Forbes
Massachusetts
$4.7M -$2.5M -143,562 -33%
HI
103
HBK Investments
Texas
$4.57M -$1.73M -99,100 -26%
D.E. Shaw & Co
104
D.E. Shaw & Co
New York
$4.54M +$4.94M +283,922 New
Axa
105
Axa
France
$4.2M +$527K +30,266 +13%
ACI
106
AMP Capital Investors
Australia
$4.14M -$2.51M -144,072 -36%
WI
107
WHV Investments
California
$4.03M -$467K -26,830 -10%
AQR Capital Management
108
AQR Capital Management
Connecticut
$3.99M -$3.65M -209,617 -46%
WCA
109
Waratah Capital Advisors
Ontario, Canada
$3.89M +$4.24M +243,615 New
BONST
110
Bank of Nova Scotia Trust
Ontario, Canada
$3.8M -$2.69M -154,434 -39%
CSS
111
Cubist Systematic Strategies
Connecticut
$3.53M +$2.95M +169,344 +329%
SAM
112
Shell Asset Management
Netherlands
$3.48M -$463K -26,612 -13%
Bank of America
113
Bank of America
North Carolina
$3.43M -$2.48M -142,720 -40%
AG
114
Aperio Group
California
$3.33M +$1.17M +67,182 +48%
GC
115
Guggenheim Capital
Illinois
$3.2M -$2.12M -122,046 -38%
MME
116
Meag Munich Ergo
Germany
$3.07M – – –
GCAC
117
Guardian Capital Advisors (Canada)
Ontario, Canada
$3.07M +$28.5K +1,639 +0.8%
NIM
118
NXG Investment Management
Texas
$3.04M – – –
HAM
119
Highstreet Asset Management
Ontario, Canada
$2.86M -$17.4K -1,000 -0.6%
SC
120
SouthState Corp
Florida
$2.62M -$261K -14,987 -8%
Credit Agricole
121
Credit Agricole
France
$2.55M +$301K +17,264 +12%
TCA
122
Tortoise Capital Advisors
Kansas
$2.45M – – –
HIC
123
Harvey Investment Company
Kentucky
$2.39M -$1.41M -81,045 -35%
Comerica Bank
124
Comerica Bank
Texas
$2.38M +$1.32M +75,648 +103%
HAI
125
Hennessy Advisors Inc
California
$2.23M – – –
3 4
5
6 7

CVE Hedge Fund Activity: Q2 2015 in Review

291 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2015, worth a combined $8.5B — down 6.6% from $9.1B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of CVE and 33 opened new positions — a net loss of 11 holders — while 120 trimmed existing stakes and 81 added.

The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), adding an estimated $77.7M. The largest seller was First Eagle Investment Management, cutting an estimated $87.1M.

  • 291 institutional investors held Cenovus Energy (CVE) as of Q2 2015, down from 307 in Q1 2015.
  • Funds reported $8.5B of Cenovus Energy stock for Q2 2015, down 6.6% quarter-over-quarter.
  • 33 funds opened new Cenovus Energy positions in Q2 2015 and 44 closed out, a net change of -11 holders.
  • The largest Cenovus Energy buyer in Q2 2015 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $77.7M added.
  • The largest Cenovus Energy seller in Q2 2015 was First Eagle Investment Management, an estimated $87.1M sold.

Based on aggregated 13F filings for Q2 2015.