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Cenovus Energy

337 hedge funds and large institutions have $12.6B invested in Cenovus Energy in 2014 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 111 increasing their positions, 129 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.05% less ownership

Funds ownership: 63.07%62.02% (-1.1%)

2% less funds holding

Funds holding: 343337 (-6)

14% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 129

15% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 34

19% less capital invested

Capital invested by funds: $15.5B → $12.6B (-$2.89B)

20% less funds holding in top 10

Funds holding in top 10: 1512 (-3)

55% less call options, than puts

Call options by funds: $18.9M | Put options by funds: $41.8M

Holders
337
Holders Change
-6
Holders Change %
-1.75%
% of All Funds
9.78%
Holding in Top 10
12
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-20%
% of All Funds
0.35%
New
29
Increased
111
Reduced
129
Closed
34
Calls
$18.9M
Puts
$41.8M
Net Calls
-$22.8M
Net Calls Change
-$16.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.09B -$53.7M -1,760,320 -4%
First Eagle Investment Management
2
First Eagle Investment Management
New York
$931M +$17.6M +576,590 +2%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$772M +$37.7M +1,234,920 +5%
IGIM
4
I.G. Investment Management
Manitoba, Canada
$714M -$4.06M -132,900 -0.5%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$671M +$13.7M +449,938 +2%
JFL
6
Jarislowsky, Fraser Ltd
Quebec, Canada
$612M -$8.21M -268,792 -1%
BGC
7
Beutel, Goodman & Co
Ontario, Canada
$514M +$6.02M +197,030 +1%
Invesco
8
Invesco
Georgia
$397M +$20.2M +661,495 +5%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$396M -$51M -1,671,070 -10%
Caisse de Depot et Placement du Quebec (CDPQ)
10
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$384M +$70.9M +2,323,600 +19%
CIBC Asset Management
11
CIBC Asset Management
Ontario, Canada
$346M -$4.51M -147,666 -1%
CIBC World Market
12
CIBC World Market
Ontario, Canada
$293M -$350K -11,475 -0.1%
Bank of Nova Scotia
13
Bank of Nova Scotia
Ontario, Canada
$282M +$19.5M +638,900 +6%
Neuberger Berman Group
14
Neuberger Berman Group
New York
$274M +$1.88M +61,531 +0.6%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$259M -$9.57M -313,281 -3%
CGT
16
Capital Guardian Trust
California
$255M +$76.4M +2,502,362 +36%
GCC
17
Guardian Capital (Canada)
Ontario, Canada
$208M -$2.06M -67,578 -0.9%
BAM
18
Burgundy Asset Management
Ontario, Canada
$203M +$1.89M +61,939 +0.8%
Norges Bank
19
Norges Bank
Norway
$177M -$184M -6,026,462 -48%
Mackenzie Financial
20
Mackenzie Financial
Ontario, Canada
$170M -$29.8M -974,514 -13%
Canada Life
21
Canada Life
Manitoba, Canada
$169M -$4.31M -141,297 -2%
Franklin Resources
22
Franklin Resources
California
$156M +$40M +1,308,956 +29%
1832 Asset Management
23
1832 Asset Management
Ontario, Canada
$154M -$10.9M -357,250 -6%
LBA
24
Letko, Brosseau & Associates
Quebec, Canada
$149M +$2.8M +91,605 +2%
SRAIM
25
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$144M -$20.3M -664,428 -11%

CVE Hedge Fund Activity: Q3 2014 in Review

337 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2014, worth a combined $12.6B — down 19% from $15.5B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of CVE and 29 opened new positions — a net loss of 5 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.

  • 337 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 19% quarter-over-quarter.
  • 29 funds opened new Cenovus Energy positions in Q3 2014 and 34 closed out, a net change of -5 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.