Cenovus Energy
CVE
249 hedge funds and large institutions have $1.9B invested in Cenovus Energy in 2020 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 91 increasing their positions, 73 reducing their positions, and 54 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 73
2.77% less ownership
Funds ownership: 79.14% → 76.37% (-2.8%)
6% less funds holding
Funds holding: 264 → 249 (-15)
20% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 54
50% less call options, than puts
Call options by funds: $2.81M | Put options by funds: $5.62M
67% less funds holding in top 10
Funds holding in top 10: 9 → 3 (-6)
81% less capital invested
Capital invested by funds: $9.89B → $1.9B (-$7.98B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$211M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$174M |
| 3 |
Goldman Sachs
New York
|
+$121M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$76.9M |
| 5 |
Renaissance Technologies
New York
|
+$54.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$320M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$306M |
| 3 |
First Eagle Investment Management
New York
|
-$165M |
| 4 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$156M |
| 5 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$68M |
CVE Hedge Fund Activity: Q1 2020 in Review
249 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q1 2020, worth a combined $1.9B — down 81% from $9.89B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CVE and 43 opened new positions — a net loss of 11 holders — while 73 trimmed existing stakes and 91 added.
The largest buyer was Fidelity International, adding an estimated $211M. The largest seller was Capital International Investors, exiting entirely with an estimated $320M sold.
- 249 institutional investors held Cenovus Energy (CVE) as of Q1 2020, down from 264 in Q4 2019.
- Funds reported $1.9B of Cenovus Energy stock for Q1 2020, down 81% quarter-over-quarter.
- 43 funds opened new Cenovus Energy positions in Q1 2020 and 54 closed out, a net change of -11 holders.
- The largest Cenovus Energy buyer in Q1 2020 was Fidelity International, an estimated $211M added.
- The largest Cenovus Energy seller in Q1 2020 was Capital International Investors, an estimated $320M sold.
Based on aggregated 13F filings for Q1 2020.