Cenovus Energy
334 hedge funds and large institutions have $13.4B invested in Cenovus Energy in 2013 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 98 increasing their positions, 143 reducing their positions, and 38 closing their positions.
8% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 38
0% more funds holding
Funds holding: 334 → 334 (0)
0.57% less ownership
Funds ownership: 62.31% → 61.74% (-0.57%)
5% less capital invested
Capital invested by funds: $14.1B → $13.4B (-$637M)
31% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 143
37% less funds holding in top 10
Funds holding in top 10: 19 → 12 (-7)
55% less call options, than puts
Call options by funds: $16.1M | Put options by funds: $35.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$205M |
| 2 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$140M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$127M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$105M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$43.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$225M |
| 2 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
-$108M |
| 3 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$71.4M |
| 4 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$55.6M |
| 5 |
Neuberger Berman Group
New York
|
-$43.9M |
CVE Hedge Fund Activity: Q4 2013 in Review
334 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2013, worth a combined $13.4B — down 4.5% from $14.1B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CVE positions and 38 closed out — a net gain of 3 holders — while 98 added to existing stakes and 143 trimmed.
The largest buyer was First Eagle Investment Management, adding an estimated $205M. The largest seller was Harris Associates, cutting an estimated $225M.
- 334 institutional investors held Cenovus Energy (CVE) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $13.4B of Cenovus Energy stock for Q4 2013, down 4.5% quarter-over-quarter.
- 41 funds opened new Cenovus Energy positions in Q4 2013 and 38 closed out, a net change of +3 holders.
- The largest Cenovus Energy buyer in Q4 2013 was First Eagle Investment Management, an estimated $205M added.
- The largest Cenovus Energy seller in Q4 2013 was Harris Associates, an estimated $225M sold.
Based on aggregated 13F filings for Q4 2013.