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Cenovus Energy

333 hedge funds and large institutions have $13.4B invested in Cenovus Energy in 2013 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 97 increasing their positions, 143 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 38

0% less funds holding

Funds holding: 334333 (-1)

0.57% less ownership

Funds ownership: 62.31%61.74% (-0.57%)

4% less capital invested

Capital invested by funds: $14B → $13.4B (-$621M)

32% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 143

37% less funds holding in top 10

Funds holding in top 10: 1912 (-7)

55% less call options, than puts

Call options by funds: $16.1M | Put options by funds: $35.9M

Holders
333
Holders Change
-1
Holders Change %
-0.3%
% of All Funds
9.67%
Holding in Top 10
12
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-36.84%
% of All Funds
0.35%
New
40
Increased
97
Reduced
143
Closed
38
Calls
$16.1M
Puts
$35.9M
Net Calls
-$19.8M
Net Calls Change
-$41.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.29B -$13.1M -450,980 -1%
First Eagle Investment Management
2
First Eagle Investment Management
New York
$782M +$205M +7,022,613 +35%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$761M +$13.6M +468,516 +2%
IGIM
4
I.G. Investment Management
Manitoba, Canada
$738M +$140M +4,813,196 +23%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$727M -$25.9M -889,088 -3%
JFL
6
Jarislowsky, Fraser Ltd
Quebec, Canada
$618M -$23M -790,614 -4%
BGC
7
Beutel, Goodman & Co
Ontario, Canada
$508M +$127M +4,357,485 +38%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$485M +$105M +3,595,873 +27%
Invesco
9
Invesco
Georgia
$375M +$16.6M +569,667 +5%
CIBC World Market
10
CIBC World Market
Ontario, Canada
$314M +$1.08M +36,938 +0.3%
Bank of Nova Scotia
11
Bank of Nova Scotia
Ontario, Canada
$298M +$4.29M +147,251 +1%
Toronto Dominion Bank
12
Toronto Dominion Bank
Ontario, Canada
$286M -$4.57M -156,861 -2%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$284M +$1.95M +67,014 +0.7%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$276M +$2.41M +82,736 +0.9%
Caisse de Depot et Placement du Quebec (CDPQ)
15
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$262M -$20.1M -690,727 -7%
Harris Associates
16
Harris Associates
Illinois
$234M -$225M -7,723,941 -49%
Neuberger Berman Group
17
Neuberger Berman Group
New York
$230M -$43.9M -1,508,183 -16%
GCC
18
Guardian Capital (Canada)
Ontario, Canada
$221M +$13.3M +456,337 +6%
Canada Life
19
Canada Life
Manitoba, Canada
$211M -$11.8M -405,163 -5%
GMI
20
Greystone Managed Investments
Saskatchewan, Canada
$206M -$71.4M -2,451,545 -25%
SRAIM
21
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$203M +$5.06M +173,636 +3%
Wellington Management Group
22
Wellington Management Group
Massachusetts
$197M +$5.33M +183,030 +3%
BAM
23
Burgundy Asset Management
Ontario, Canada
$195M +$7.73M +265,407 +4%
Massachusetts Financial Services
24
Massachusetts Financial Services
Massachusetts
$182M -$6.51M -223,428 -3%
Fiera Capital (Canada)
25
Fiera Capital (Canada)
Quebec, Canada
$180M -$10.6M -364,235 -5%

CVE Hedge Fund Activity: Q4 2013 in Review

333 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2013, worth a combined $13.4B — down 4.4% from $14B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new CVE positions and 38 closed out — a net gain of 2 holders — while 97 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.

  • 333 institutional investors held Cenovus Energy (CVE) as of Q4 2013, down from 334 in Q3 2013.
  • Funds reported $13.4B of Cenovus Energy stock for Q4 2013, down 4.4% quarter-over-quarter.
  • 40 funds opened new Cenovus Energy positions in Q4 2013 and 38 closed out, a net change of +2 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.