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Cenovus Energy
CVE

291 hedge funds and large institutions have $8.5B invested in Cenovus Energy in 2015 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 81 increasing their positions, 120 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more call options, than puts

Call options by funds: $25.3M | Put options by funds: $18.9M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.33% less ownership

Funds ownership: 65.01% → 64.68% (-0.33%)

5% less funds holding

Funds holding: 307 → 291 (-16)

7% less capital invested

Capital invested by funds: $9.1B → $8.5B (-$600M)

25% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 44

33% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 120

Holders
291
Holders Change
-16
Holders Change %
-5.21%
% of All Funds
7.84%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
33
Increased
81
Reduced
120
Closed
44
Calls
$25.3M
Puts
$18.9M
Net Calls
+$6.39M
Net Calls Change
+$15.7M

Top Buyers

1
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$77.7M
2
HCM
Highfields Capital Management
Massachusetts
+$76.1M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$52.4M
4
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
+$46.9M
5
BGC
Beutel, Goodman & Co
Ontario, Canada
+$43.9M

Top Sellers

1
First Eagle Investment Management
First Eagle Investment Management
New York
-$87.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$76.8M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$59.6M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$53.1M
5
Millennium Management
Millennium Management
New York
-$48.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$804M +$33.7M +1,935,876 +4%
BGC
2
Beutel, Goodman & Co
Ontario, Canada
$553M +$43.9M +2,521,735 +9%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$508M -$87.1M -5,005,305 -14%
Caisse de Depot et Placement du Quebec (CDPQ)
4
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$481M +$77.7M +4,460,688 +17%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$456M +$5.24M +300,721 +1%
JFL
6
Jarislowsky, Fraser Ltd
Quebec, Canada
$410M -$6.27M -360,060 -1%
IGIM
7
I.G. Investment Management
Manitoba, Canada
$386M -$7.52M -431,779 -2%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$320M -$40.4M -2,318,421 -10%
BAM
9
Burgundy Asset Management
Ontario, Canada
$274M +$10.4M +596,869 +4%
Invesco
10
Invesco
Georgia
$264M +$6.73M +386,625 +2%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$260M +$5.35M +307,433 +2%
CGT
12
Capital Guardian Trust
California
$193M -$4.91M -281,910 -2%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$192M +$46.9M +2,692,038 +29%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$186M +$42.8M +2,460,253 +27%
CIBC World Market
15
CIBC World Market
Ontario, Canada
$180M -$10.1M -579,476 -5%
Vanguard Group
16
Vanguard Group
Pennsylvania
$180M +$13.7M +784,811 +8%
Franklin Resources
17
Franklin Resources
California
$163M -$1.3M -74,749 -0.7%
GCC
18
Guardian Capital (Canada)
Ontario, Canada
$157M +$1.59M +91,577 +0.9%
Toronto Dominion Bank
19
Toronto Dominion Bank
Ontario, Canada
$144M -$15.7M -899,826 -9%
Canada Life
20
Canada Life
Manitoba, Canada
$142M +$8.33M +478,390 +6%
Norges Bank
21
Norges Bank
Norway
$121M +$5.84M +335,174 +5%
Bank of Nova Scotia
22
Bank of Nova Scotia
Ontario, Canada
$115M -$59.6M -3,421,501 -32%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$108M -$409K -23,498 -0.3%
Capital International Investors
24
Capital International Investors
California
$95.8M -$5.64M -323,881 -5%
SRAIM
25
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$73.9M -$2.96M -170,116 -4%
1
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CVE Hedge Fund Activity: Q2 2015 in Review

291 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2015, worth a combined $8.5B — down 6.6% from $9.1B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of CVE and 33 opened new positions — a net loss of 11 holders — while 120 trimmed existing stakes and 81 added.

The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), adding an estimated $77.7M. The largest seller was First Eagle Investment Management, cutting an estimated $87.1M.

  • 291 institutional investors held Cenovus Energy (CVE) as of Q2 2015, down from 307 in Q1 2015.
  • Funds reported $8.5B of Cenovus Energy stock for Q2 2015, down 6.6% quarter-over-quarter.
  • 33 funds opened new Cenovus Energy positions in Q2 2015 and 44 closed out, a net change of -11 holders.
  • The largest Cenovus Energy buyer in Q2 2015 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $77.7M added.
  • The largest Cenovus Energy seller in Q2 2015 was First Eagle Investment Management, an estimated $87.1M sold.

Based on aggregated 13F filings for Q2 2015.