Cenovus Energy
338 hedge funds and large institutions have $12.6B invested in Cenovus Energy in 2014 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 111 increasing their positions, 129 reducing their positions, and 34 closing their positions.
1.05% less ownership
Funds ownership: 63.07% → 62.02% (-1.1%)
1% less funds holding
Funds holding: 343 → 338 (-5)
12% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 34
14% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 129
18% less capital invested
Capital invested by funds: $15.5B → $12.6B (-$2.86B)
20% less funds holding in top 10
Funds holding in top 10: 15 → 12 (-3)
55% less call options, than puts
Call options by funds: $18.9M | Put options by funds: $41.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMIC
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
|
+$84.9M |
| 2 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
+$76.4M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$70.9M |
| 4 |
GE
General Electric
Evendale,
Ohio
|
+$64.1M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$40M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$200M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$184M |
| 3 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$55.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$53.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$51M |
CVE Hedge Fund Activity: Q3 2014 in Review
338 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2014, worth a combined $12.6B — down 18% from $15.5B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CVE and 30 opened new positions — a net loss of 4 holders — while 129 trimmed existing stakes and 111 added.
The largest buyer was Cardinal Capital Management Inc (Canada), adding an estimated $84.9M. The largest seller was Fiera Capital (Canada), cutting an estimated $200M.
- 338 institutional investors held Cenovus Energy (CVE) as of Q3 2014, down from 343 in Q2 2014.
- Funds reported $12.6B of Cenovus Energy stock for Q3 2014, down 18% quarter-over-quarter.
- 30 funds opened new Cenovus Energy positions in Q3 2014 and 34 closed out, a net change of -4 holders.
- The largest Cenovus Energy buyer in Q3 2014 was Cardinal Capital Management Inc (Canada), an estimated $84.9M added.
- The largest Cenovus Energy seller in Q3 2014 was Fiera Capital (Canada), an estimated $200M sold.
Based on aggregated 13F filings for Q3 2014.