Cenovus Energy
263 hedge funds and large institutions have $5.18B invested in Cenovus Energy in 2017 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 94 increasing their positions, 80 reducing their positions, and 54 closing their positions.
183% more call options, than puts
Call options by funds: $38.2M | Put options by funds: $13.5M
18% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 80
6% less funds holding
Funds holding: 280 → 263 (-17)
28% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 54
28.37% less ownership
Funds ownership: 85.31% → 56.94% (-28%)
37% less capital invested
Capital invested by funds: $8.16B → $5.18B (-$2.98B)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$96M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$77.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$71.8M |
| 4 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$68.3M |
| 5 |
Morgan Stanley
New York
|
+$55.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$197M |
| 2 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$105M |
| 3 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
-$84.6M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$78.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$65.1M |
CVE Hedge Fund Activity: Q2 2017 in Review
263 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2017, worth a combined $5.18B — down 37% from $8.16B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CVE and 39 opened new positions — a net loss of 15 holders — while 80 trimmed existing stakes and 94 added.
The largest buyer was Fidelity Investments, adding an estimated $96M. The largest seller was Toronto Dominion Bank, cutting an estimated $197M.
- 263 institutional investors held Cenovus Energy (CVE) as of Q2 2017, down from 280 in Q1 2017.
- Funds reported $5.18B of Cenovus Energy stock for Q2 2017, down 37% quarter-over-quarter.
- 39 funds opened new Cenovus Energy positions in Q2 2017 and 54 closed out, a net change of -15 holders.
- The largest Cenovus Energy buyer in Q2 2017 was Fidelity Investments, an estimated $96M added.
- The largest Cenovus Energy seller in Q2 2017 was Toronto Dominion Bank, an estimated $197M sold.
Based on aggregated 13F filings for Q2 2017.