Cenovus Energy
267 hedge funds and large institutions have $8.2B invested in Cenovus Energy in 2016 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 71 increasing their positions, 108 reducing their positions, and 25 closing their positions.
97% more call options, than puts
Call options by funds: $7.03M | Put options by funds: $3.57M
3% more capital invested
Capital invested by funds: $7.99B → $8.2B (+$211M)
0.62% less ownership
Funds ownership: 68.86% → 68.24% (-0.62%)
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
1% less funds holding
Funds holding: 270 → 267 (-3)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
34% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$80.3M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$55.2M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$38.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$31.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$28.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$47.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.7M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$40.3M |
| 4 |
Goldman Sachs
New York
|
-$36M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$30.1M |
CVE Hedge Fund Activity: Q3 2016 in Review
267 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2016, worth a combined $8.2B — up 2.6% from $7.99B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CVE and 24 opened new positions — a net loss of 1 holder — while 108 trimmed existing stakes and 71 added.
The largest buyer was I.G. Investment Management, adding an estimated $80.3M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $47.8M sold.
- 267 institutional investors held Cenovus Energy (CVE) as of Q3 2016, down from 270 in Q2 2016.
- Funds reported $8.2B of Cenovus Energy stock for Q3 2016, up 2.6% quarter-over-quarter.
- 24 funds opened new Cenovus Energy positions in Q3 2016 and 25 closed out, a net change of -1 holder.
- The largest Cenovus Energy buyer in Q3 2016 was I.G. Investment Management, an estimated $80.3M added.
- The largest Cenovus Energy seller in Q3 2016 was Alyeska Investment Group, an estimated $47.8M sold.
Based on aggregated 13F filings for Q3 2016.