Cenovus Energy
327 hedge funds and large institutions have $13.7B invested in Cenovus Energy in 2014 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 112 increasing their positions, 122 reducing their positions, and 38 closing their positions.
2% more capital invested
Capital invested by funds: $13.4B → $13.7B (+$316M)
0.58% more ownership
Funds ownership: 61.74% → 62.32% (+0.58%)
8% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 122
2% less funds holding
Funds holding: 333 → 327 (-6)
11% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 38
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
52% less call options, than puts
Call options by funds: $16.1M | Put options by funds: $33.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$145M |
| 2 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$121M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$76.7M |
| 4 |
Neuberger Berman Group
New York
|
+$73.4M |
| 5 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$56.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$206M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$61.1M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$43.6M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$39.4M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$33M |
CVE Hedge Fund Activity: Q1 2014 in Review
327 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q1 2014, worth a combined $13.7B — up 2.4% from $13.4B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of CVE and 34 opened new positions — a net loss of 4 holders — while 122 trimmed existing stakes and 112 added.
The largest buyer was First Eagle Investment Management, adding an estimated $145M. The largest seller was Greystone Managed Investments, exiting entirely with an estimated $206M sold.
- 327 institutional investors held Cenovus Energy (CVE) as of Q1 2014, down from 333 in Q4 2013.
- Funds reported $13.7B of Cenovus Energy stock for Q1 2014, up 2.4% quarter-over-quarter.
- 34 funds opened new Cenovus Energy positions in Q1 2014 and 38 closed out, a net change of -4 holders.
- The largest Cenovus Energy buyer in Q1 2014 was First Eagle Investment Management, an estimated $145M added.
- The largest Cenovus Energy seller in Q1 2014 was Greystone Managed Investments, an estimated $206M sold.
Based on aggregated 13F filings for Q1 2014.