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Cenovus Energy
CVE

256 hedge funds and large institutions have $6.87B invested in Cenovus Energy in 2018 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 74 increasing their positions, 83 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more call options, than puts

Call options by funds: $39.4M | Put options by funds: $28.3M

1.73% more ownership

Funds ownership: 77.61% → 79.34% (+1.7%)

4% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 46

1% more funds holding

Funds holding: 254 → 256 (+2)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

11% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 83

28% less capital invested

Capital invested by funds: $9.56B → $6.87B (-$2.69B)

Holders
256
Holders Change
+2
Holders Change %
+0.79%
% of All Funds
5.7%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
48
Increased
74
Reduced
83
Closed
46
Calls
$39.4M
Puts
$28.3M
Net Calls
+$11.1M
Net Calls Change
+$29.7M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$276M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$80.5M
3
LM
Luminus Management
Texas
+$60.7M
4
Harris Associates
Harris Associates
Illinois
+$55.1M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$46.9M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$281M
2
TA
Teachers Advisors
New York
-$55.9M
3
First Eagle Investment Management
First Eagle Investment Management
New York
-$48.2M
4
QI
QV Investors
Alberta, Canada
-$29.7M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$24.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
C
1
ConocoPhillips
Texas
$1.46B – – –
Fidelity Investments
2
Fidelity Investments
Massachusetts
$649M -$1.84M -223,489 -0.2%
Harris Associates
3
Harris Associates
Illinois
$519M +$55.1M +6,694,276 +10%
Capital World Investors
4
Capital World Investors
California
$458M +$276M +33,500,383 +106%
LBA
5
Letko, Brosseau & Associates
Quebec, Canada
$290M +$11.9M +1,440,030 +4%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$276M -$11.7M -1,421,641 -3%
Capital Research Global Investors
7
Capital Research Global Investors
California
$229M +$80.5M +9,775,207 +43%
Capital International Investors
8
Capital International Investors
California
$207M +$3.48M +422,500 +1%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$207M +$19.5M +2,365,932 +9%
Vanguard Group
10
Vanguard Group
Pennsylvania
$205M +$8.73M +1,060,152 +4%
Caisse de Depot et Placement du Quebec (CDPQ)
11
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$158M – – –
BGC
12
Beutel, Goodman & Co
Ontario, Canada
$158M -$17.2M -2,094,640 -9%
First Eagle Investment Management
13
First Eagle Investment Management
New York
$153M -$48.2M -5,853,622 -21%
Pzena Investment Management
14
Pzena Investment Management
New York
$148M +$10.6M +1,292,856 +7%
Bank of Montreal
15
Bank of Montreal
Ontario, Canada
$144M -$22.4M -2,725,336 -12%
CIBC Asset Management
16
CIBC Asset Management
Ontario, Canada
$136M +$162K +19,678 +0.1%
QI
17
QV Investors
Alberta, Canada
$128M -$29.7M -3,610,730 -21%
Fidelity International
18
Fidelity International
Bermuda
$108M -$281M -34,184,134 -69%
LM
19
Luminus Management
Texas
$107M +$60.7M +7,374,823 +95%
CIBC World Market
20
CIBC World Market
Ontario, Canada
$68M -$383K -46,594 -0.5%
Invesco
21
Invesco
Georgia
$66.9M +$1.04M +126,834 +1%
Point72 Asset Management
22
Point72 Asset Management
Connecticut
$63.9M +$46.9M +5,701,841 +168%
Norges Bank
23
Norges Bank
Norway
$58.8M +$7.87M +956,067 +13%
Franklin Resources
24
Franklin Resources
California
$52M -$4.72M -573,696 -7%
Mackenzie Financial
25
Mackenzie Financial
Ontario, Canada
$45.2M +$11.7M +1,421,284 +28%
1
2 3 4 5

CVE Hedge Fund Activity: Q4 2018 in Review

256 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q4 2018, worth a combined $6.87B — down 28% from $9.56B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new CVE positions and 46 closed out — a net gain of 2 holders — while 74 added to existing stakes and 83 trimmed.

The largest buyer was Capital World Investors, adding an estimated $276M. The largest seller was Fidelity International, cutting an estimated $281M.

  • 256 institutional investors held Cenovus Energy (CVE) as of Q4 2018, up from 254 in Q3 2018.
  • Funds reported $6.87B of Cenovus Energy stock for Q4 2018, down 28% quarter-over-quarter.
  • 48 funds opened new Cenovus Energy positions in Q4 2018 and 46 closed out, a net change of +2 holders.
  • The largest Cenovus Energy buyer in Q4 2018 was Capital World Investors, an estimated $276M added.
  • The largest Cenovus Energy seller in Q4 2018 was Fidelity International, an estimated $281M sold.

Based on aggregated 13F filings for Q4 2018.