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Cenovus Energy

318 hedge funds and large institutions have $9.9B invested in Cenovus Energy in 2014 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 99 increasing their positions, 139 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more call options, than puts

Call options by funds: $34.9M | Put options by funds: $28.7M

1.09% more ownership

Funds ownership: 62.02%63.12% (+1.1%)

6% less funds holding

Funds holding: 337318 (-19)

21% less capital invested

Capital invested by funds: $12.6B → $9.9B (-$2.69B)

29% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 139

32% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 50

67% less funds holding in top 10

Funds holding in top 10: 124 (-8)

Holders
318
Holders Change
-19
Holders Change %
-5.64%
% of All Funds
8.48%
Holding in Top 10
4
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-66.67%
% of All Funds
0.11%
New
34
Increased
99
Reduced
139
Closed
50
Calls
$34.9M
Puts
$28.7M
Net Calls
+$6.21M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$824M -$16.4M -710,783 -2%
First Eagle Investment Management
2
First Eagle Investment Management
New York
$767M +$59.6M +2,585,938 +7%
IGIM
3
I.G. Investment Management
Manitoba, Canada
$632M +$93M +4,038,629 +15%
TD Asset Management
4
TD Asset Management
Ontario, Canada
$613M +$23.1M +1,005,153 +4%
BGC
5
Beutel, Goodman & Co
Ontario, Canada
$523M +$142M +6,170,950 +32%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$491M -$26M -1,128,478 -5%
JFL
7
Jarislowsky, Fraser Ltd
Quebec, Canada
$471M +$987K +42,841 +0.2%
Caisse de Depot et Placement du Quebec (CDPQ)
8
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$398M +$115M +4,985,200 +35%
BAM
9
Burgundy Asset Management
Ontario, Canada
$326M +$190M +8,262,098 +109%
Invesco
10
Invesco
Georgia
$306M +$1.85M +80,132 +0.5%
CIBC Asset Management
11
CIBC Asset Management
Ontario, Canada
$227M -$44M -1,910,442 -15%
CIBC World Market
12
CIBC World Market
Ontario, Canada
$225M +$458K +19,897 +0.2%
Franklin Resources
13
Franklin Resources
California
$215M +$107M +4,626,612 +80%
Bank of Nova Scotia
14
Bank of Nova Scotia
Ontario, Canada
$209M -$8.02M -348,400 -3%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$208M +$9.34M +405,663 +4%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$175M +$49.8M +2,163,227 +34%
CGT
17
Capital Guardian Trust
California
$159M -$40.7M -1,766,037 -19%
Canada Life
18
Canada Life
Manitoba, Canada
$158M +$31.2M +1,355,976 +22%
1832 Asset Management
19
1832 Asset Management
Ontario, Canada
$154M +$40M +1,735,896 +30%
Norges Bank
20
Norges Bank
Norway
$139M +$3.62M +157,035 +2%
Fidelity Investments
21
Fidelity Investments
Massachusetts
$131M -$192M -8,344,792 -57%
GCC
22
Guardian Capital (Canada)
Ontario, Canada
$127M -$36.3M -1,577,547 -20%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$126M +$25.4M +1,101,114 +22%
LBA
24
Letko, Brosseau & Associates
Quebec, Canada
$119M +$4.92M +213,775 +4%
SRAIM
25
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$109M -$2.03M -88,048 -2%

CVE Hedge Fund Activity: Q4 2014 in Review

318 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2014, worth a combined $9.9B — down 21% from $12.6B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of CVE and 34 opened new positions — a net loss of 16 holders — while 139 trimmed existing stakes and 99 added.

The largest buyer was Burgundy Asset Management, adding an estimated $190M. The largest seller was Fidelity Investments, cutting an estimated $192M.

  • 318 institutional investors held Cenovus Energy (CVE) as of Q4 2014, down from 337 in Q3 2014.
  • Funds reported $9.9B of Cenovus Energy stock for Q4 2014, down 21% quarter-over-quarter.
  • 34 funds opened new Cenovus Energy positions in Q4 2014 and 50 closed out, a net change of -16 holders.
  • The largest Cenovus Energy buyer in Q4 2014 was Burgundy Asset Management, an estimated $190M added.
  • The largest Cenovus Energy seller in Q4 2014 was Fidelity Investments, an estimated $192M sold.

Based on aggregated 13F filings for Q4 2014.