Cenovus Energy
280 hedge funds and large institutions have $9.86B invested in Cenovus Energy in 2018 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 65 increasing their positions, 98 reducing their positions, and 41 closing their positions.
22% more capital invested
Capital invested by funds: $8.06B → $9.86B (+$1.8B)
20% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 41
2% more funds holding
Funds holding: 275 → 280 (+5)
1% more call options, than puts
Call options by funds: $16.9M | Put options by funds: $16.6M
0.25% more ownership
Funds ownership: 76.43% → 76.68% (+0.25%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
34% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 98
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$487M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$163M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$138M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$38.9M |
| 5 |
D.E. Shaw & Co
New York
|
+$38.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$274M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$157M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$151M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$68.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$66.5M |
CVE Hedge Fund Activity: Q2 2018 in Review
280 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q2 2018, worth a combined $9.86B — up 22% from $8.06B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CVE positions and 41 closed out — a net gain of 8 holders — while 65 added to existing stakes and 98 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $487M. The largest seller was Burgundy Asset Management, cutting an estimated $274M.
- 280 institutional investors held Cenovus Energy (CVE) as of Q2 2018, up from 275 in Q1 2018.
- Funds reported $9.86B of Cenovus Energy stock for Q2 2018, up 22% quarter-over-quarter.
- 49 funds opened new Cenovus Energy positions in Q2 2018 and 41 closed out, a net change of +8 holders.
- The largest Cenovus Energy buyer in Q2 2018 was Fidelity International, an estimated $487M added.
- The largest Cenovus Energy seller in Q2 2018 was Burgundy Asset Management, an estimated $274M sold.
Based on aggregated 13F filings for Q2 2018.