Cenovus Energy
280 hedge funds and large institutions have $8.16B invested in Cenovus Energy in 2017 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 104 increasing their positions, 72 reducing their positions, and 32 closing their positions.
124% more call options, than puts
Call options by funds: $23.8M | Put options by funds: $10.6M
44% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 72
38% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 32
16.82% more ownership
Funds ownership: 68.49% → 85.31% (+17%)
3% more funds holding
Funds holding: 271 → 280 (+9)
7% less capital invested
Capital invested by funds: $8.8B → $8.16B (-$640M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$245M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$182M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$176M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$155M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$146M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Lincluden Management
Mississauga,
Ontario, Canada
|
-$43.2M |
| 2 |
Bank of New York Mellon
New York
|
-$24.8M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$24.7M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$24.2M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$23M |
CVE Hedge Fund Activity: Q1 2017 in Review
280 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q1 2017, worth a combined $8.16B — down 7.3% from $8.8B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CVE positions and 32 closed out — a net gain of 12 holders — while 104 added to existing stakes and 72 trimmed.
The largest buyer was Toronto Dominion Bank, adding an estimated $245M. The largest seller was Lincluden Management, cutting an estimated $43.2M.
- 280 institutional investors held Cenovus Energy (CVE) as of Q1 2017, up from 271 in Q4 2016.
- Funds reported $8.16B of Cenovus Energy stock for Q1 2017, down 7.3% quarter-over-quarter.
- 44 funds opened new Cenovus Energy positions in Q1 2017 and 32 closed out, a net change of +12 holders.
- The largest Cenovus Energy buyer in Q1 2017 was Toronto Dominion Bank, an estimated $245M added.
- The largest Cenovus Energy seller in Q1 2017 was Lincluden Management, an estimated $43.2M sold.
Based on aggregated 13F filings for Q1 2017.