Cenovus Energy
262 hedge funds and large institutions have $10B invested in Cenovus Energy in 2021 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 105 increasing their positions, 81 reducing their positions, and 30 closing their positions.
142% more call options, than puts
Call options by funds: $138M | Put options by funds: $57.1M
30% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 81
10% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 30
5% more capital invested
Capital invested by funds: $9.56B → $10B (+$461M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.45% less ownership
Funds ownership: 49.41% → 48.96% (-0.45%)
1% less funds holding
Funds holding: 264 → 262 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$107M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$105M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$76.6M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$51.9M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$44.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
ConocoPhillips
Houston,
Texas
|
-$404M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$197M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
-$47.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$38.8M |
| 5 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$27.6M |
CVE Hedge Fund Activity: Q3 2021 in Review
262 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2021, worth a combined $10B — up 4.8% from $9.56B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CVE positions and 30 closed out — a net gain of 3 holders — while 105 added to existing stakes and 81 trimmed.
The largest buyer was Fidelity International, adding an estimated $107M. The largest seller was ConocoPhillips, cutting an estimated $404M.
- 262 institutional investors held Cenovus Energy (CVE) as of Q3 2021, down from 264 in Q2 2021.
- Funds reported $10B of Cenovus Energy stock for Q3 2021, up 4.8% quarter-over-quarter.
- 33 funds opened new Cenovus Energy positions in Q3 2021 and 30 closed out, a net change of +3 holders.
- The largest Cenovus Energy buyer in Q3 2021 was Fidelity International, an estimated $107M added.
- The largest Cenovus Energy seller in Q3 2021 was ConocoPhillips, an estimated $404M sold.
Based on aggregated 13F filings for Q3 2021.