Cenovus Energy
378 hedge funds and large institutions have $17.1B invested in Cenovus Energy in 2023 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 147 increasing their positions, 119 reducing their positions, and 49 closing their positions.
25% more call options, than puts
Call options by funds: $277M | Put options by funds: $222M
24% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 119
2% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 49
0.94% more ownership
Funds ownership: 50.06% → 50.99% (+0.94%)
1% less funds holding
Funds holding: 381 → 378 (-3)
9% less capital invested
Capital invested by funds: $18.7B → $17.1B (-$1.65B)
18% less funds holding in top 10
Funds holding in top 10: 22 → 18 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$341M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$125M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$121M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$88.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$68.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$327M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$113M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$81.8M |
| 4 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$80.2M |
| 5 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$66M |
CVE Hedge Fund Activity: Q1 2023 in Review
378 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q1 2023, worth a combined $17.1B — down 8.8% from $18.7B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CVE positions and 49 closed out — a net gain of 1 holder — while 147 added to existing stakes and 119 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $341M. The largest seller was Soroban Capital Partners, cutting an estimated $327M.
- 378 institutional investors held Cenovus Energy (CVE) as of Q1 2023, down from 381 in Q4 2022.
- Funds reported $17.1B of Cenovus Energy stock for Q1 2023, down 8.8% quarter-over-quarter.
- 50 funds opened new Cenovus Energy positions in Q1 2023 and 49 closed out, a net change of +1 holder.
- The largest Cenovus Energy buyer in Q1 2023 was Capital Research Global Investors, an estimated $341M added.
- The largest Cenovus Energy seller in Q1 2023 was Soroban Capital Partners, an estimated $327M sold.
Based on aggregated 13F filings for Q1 2023.