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Cenovus Energy

334 hedge funds and large institutions have $14B invested in Cenovus Energy in 2013 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 116 increasing their positions, 122 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $45.3M | Put options by funds: $23.7M

39% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 23

12% more funds holding in top 10

Funds holding in top 10: 1719 (+2)

7% more capital invested

Capital invested by funds: $13.2B → $14B (+$869M)

1.4% more ownership

Funds ownership: 60.91%62.31% (+1.4%)

1% more funds holding

Funds holding: 331334 (+3)

5% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 122

Holders
334
Holders Change
+3
Holders Change %
+0.91%
% of All Funds
10.83%
Holding in Top 10
19
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.76%
% of All Funds
0.62%
New
32
Increased
116
Reduced
122
Closed
23
Calls
$45.3M
Puts
$23.7M
Net Calls
+$21.6M
Net Calls Change
+$22.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.36B +$89.9M +3,042,433 +7%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$784M +$109M +3,675,863 +16%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$782M +$12.7M +428,151 +2%
JFL
4
Jarislowsky, Fraser Ltd
Quebec, Canada
$670M -$11.1M -376,175 -2%
IGIM
5
I.G. Investment Management
Manitoba, Canada
$627M +$15.9M +538,058 +3%
First Eagle Investment Management
6
First Eagle Investment Management
New York
$605M +$30.1M +1,018,190 +5%
Harris Associates
7
Harris Associates
Illinois
$474M -$163M -5,511,359 -26%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$399M -$258M -8,716,684 -39%
Invesco
9
Invesco
Georgia
$375M +$19.2M +648,723 +5%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$339M +$81.8M +2,766,305 +32%
CIBC World Market
11
CIBC World Market
Ontario, Canada
$326M -$413K -13,976 -0.1%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$306M +$5.65M +191,115 +2%
Toronto Dominion Bank
13
Toronto Dominion Bank
Ontario, Canada
$303M +$3.65M +123,576 +1%
Caisse de Depot et Placement du Quebec (CDPQ)
14
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$295M +$40.1M +1,357,000 +16%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$294M -$2.59M -87,531 -0.9%
GMI
16
Greystone Managed Investments
Saskatchewan, Canada
$288M +$285M +9,634,240 New
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$286M -$16.3M -550,826 -5%
Neuberger Berman Group
18
Neuberger Berman Group
New York
$285M +$54M +1,825,785 +24%
CGT
19
Capital Guardian Trust
California
$281M -$5.22M -176,490 -2%
Canada Life
20
Canada Life
Manitoba, Canada
$232M -$15.1M -509,157 -6%
GCC
21
Guardian Capital (Canada)
Ontario, Canada
$218M +$3.07M +103,816 +1%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$202M +$7.1M +240,204 +4%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$200M +$21.5M +728,518 +12%
SRAIM
24
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$200M +$46.9M +1,586,766 +32%
Massachusetts Financial Services
25
Massachusetts Financial Services
Massachusetts
$197M -$1.44M -48,660 -0.7%

CVE Hedge Fund Activity: Q3 2013 in Review

334 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2013, worth a combined $14B — up 6.6% from $13.2B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CVE positions and 23 closed out — a net gain of 9 holders — while 116 added to existing stakes and 122 trimmed.

The largest buyer was Greystone Managed Investments, opening a new position worth an estimated $285M. The largest seller was Fidelity Investments, cutting an estimated $258M.

  • 334 institutional investors held Cenovus Energy (CVE) as of Q3 2013, up from 331 in Q2 2013.
  • Funds reported $14B of Cenovus Energy stock for Q3 2013, up 6.6% quarter-over-quarter.
  • 32 funds opened new Cenovus Energy positions in Q3 2013 and 23 closed out, a net change of +9 holders.
  • The largest Cenovus Energy buyer in Q3 2013 was Greystone Managed Investments, an estimated $285M added.
  • The largest Cenovus Energy seller in Q3 2013 was Fidelity Investments, an estimated $258M sold.

Based on aggregated 13F filings for Q3 2013.