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Cenovus Energy

343 hedge funds and large institutions have $15.5B invested in Cenovus Energy in 2014 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 105 increasing their positions, 126 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 22

50% more funds holding in top 10

Funds holding in top 10: 1015 (+5)

13% more capital invested

Capital invested by funds: $13.7B → $15.5B (+$1.76B)

5% more funds holding

Funds holding: 327343 (+16)

0.75% more ownership

Funds ownership: 62.32%63.07% (+0.75%)

13% less call options, than puts

Call options by funds: $42.7M | Put options by funds: $49.2M

17% less repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 126

Holders
343
Holders Change
+16
Holders Change %
+4.89%
% of All Funds
9.86%
Holding in Top 10
15
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+50%
% of All Funds
0.43%
New
41
Increased
105
Reduced
126
Closed
22
Calls
$42.7M
Puts
$49.2M
Net Calls
-$6.53M
Net Calls Change
+$11M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.37B -$88.3M -2,968,930 -7%
First Eagle Investment Management
2
First Eagle Investment Management
New York
$1.1B +$39M +1,312,335 +4%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$890M -$3.46M -116,204 -0.4%
IGIM
4
I.G. Investment Management
Manitoba, Canada
$865M -$37.8M -1,270,473 -5%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$793M -$27.2M -913,314 -4%
JFL
6
Jarislowsky, Fraser Ltd
Quebec, Canada
$746M +$45.3M +1,524,629 +7%
BGC
7
Beutel, Goodman & Co
Ontario, Canada
$613M +$10.7M +358,365 +2%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$531M +$51M +1,715,022 +12%
Invesco
9
Invesco
Georgia
$457M +$2.39M +80,296 +0.6%
CIBC Asset Management
10
CIBC Asset Management
Ontario, Canada
$422M +$47.7M +1,603,331 +14%
Norges Bank
11
Norges Bank
Norway
$409M +$188M +6,326,007 +101%
Caisse de Depot et Placement du Quebec (CDPQ)
12
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$387M +$50.1M +1,685,400 +16%
CIBC World Market
13
CIBC World Market
Ontario, Canada
$353M -$170K -5,711 -0.1%
Neuberger Berman Group
14
Neuberger Berman Group
New York
$328M -$19.7M -661,225 -6%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$323M +$390K +13,107 +0.1%
Bank of Nova Scotia
16
Bank of Nova Scotia
Ontario, Canada
$319M -$1.03M -34,500 -0.3%
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$267M +$98.6M +3,315,221 +67%
GCC
18
Guardian Capital (Canada)
Ontario, Canada
$253M -$2.22M -74,676 -0.9%
BAM
19
Burgundy Asset Management
Ontario, Canada
$243M +$5.33M +179,132 +2%
Mackenzie Financial
20
Mackenzie Financial
Ontario, Canada
$237M -$59.6M -2,002,930 -22%
CGT
21
Capital Guardian Trust
California
$226M +$33.6M +1,129,283 +19%
Canada Life
22
Canada Life
Manitoba, Canada
$207M -$5.89M -198,160 -3%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$200M -$22.6M -759,569 -11%
1832 Asset Management
24
1832 Asset Management
Ontario, Canada
$197M +$27.8M +934,128 +18%
SRAIM
25
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$195M +$4.34M +146,038 +2%

CVE Hedge Fund Activity: Q2 2014 in Review

343 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2014, worth a combined $15.5B — up 13% from $13.7B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new CVE positions and 22 closed out — a net gain of 19 holders — while 105 added to existing stakes and 126 trimmed.

The largest buyer was Norges Bank, adding an estimated $188M. The largest seller was Royal Bank of Canada, cutting an estimated $88.3M.

  • 343 institutional investors held Cenovus Energy (CVE) as of Q2 2014, up from 327 in Q1 2014.
  • Funds reported $15.5B of Cenovus Energy stock for Q2 2014, up 13% quarter-over-quarter.
  • 41 funds opened new Cenovus Energy positions in Q2 2014 and 22 closed out, a net change of +19 holders.
  • The largest Cenovus Energy buyer in Q2 2014 was Norges Bank, an estimated $188M added.
  • The largest Cenovus Energy seller in Q2 2014 was Royal Bank of Canada, an estimated $88.3M sold.

Based on aggregated 13F filings for Q2 2014.