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Cenovus Energy

423 hedge funds and large institutions have $14.5B invested in Cenovus Energy in 2024 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 156 increasing their positions, 146 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 53

1% more funds holding

Funds holding: 417423 (+6)

7% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 146

2.84% less ownership

Funds ownership: 49.34%46.5% (-2.8%)

20% less capital invested

Capital invested by funds: $18.2B → $14.5B (-$3.67B)

29% less funds holding in top 10

Funds holding in top 10: 2115 (-6)

29% less call options, than puts

Call options by funds: $148M | Put options by funds: $208M

Holders
423
Holders Change
+6
Holders Change %
+1.44%
% of All Funds
6.07%
Holding in Top 10
15
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-28.57%
% of All Funds
0.22%
New
63
Increased
156
Reduced
146
Closed
53
Calls
$148M
Puts
$208M
Net Calls
-$60.7M
Net Calls Change
-$170M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$2.76B +$739M +39,863,187 +32%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$926M -$63.8M -3,439,675 -6%
Capital International Investors
3
Capital International Investors
California
$890M +$175M +9,460,930 +22%
Vanguard Group
4
Vanguard Group
Pennsylvania
$839M +$16.5M +887,555 +2%
Capital Research Global Investors
5
Capital Research Global Investors
California
$744M -$816M -43,983,618 -50%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$628M -$108M -5,802,447 -13%
TD Asset Management
7
TD Asset Management
Ontario, Canada
$591M -$2.72M -146,759 -0.4%
Boston Partners
8
Boston Partners
Massachusetts
$503M -$91.4M -4,928,351 -15%
Millennium Management
9
Millennium Management
New York
$268M +$16.3M +877,793 +6%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$266M -$7.19M -387,683 -2%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$259M +$2.17M +117,039 +0.8%
SCM
12
Smead Capital Management
Arizona
$258M +$80.7M +4,351,960 +39%
Bank of America
13
Bank of America
North Carolina
$226M +$52.8M +2,846,397 +27%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$206M +$21.2M +1,142,434 +10%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$186M -$101M -5,447,091 -33%
National Bank of Canada
16
National Bank of Canada
Quebec, Canada
$183M +$14.9M +801,656 +8%
CIBC World Market
17
CIBC World Market
Ontario, Canada
$174M +$27.4M +1,478,796 +17%
CIBC Asset Management
18
CIBC Asset Management
Ontario, Canada
$155M -$106M -5,696,600 -38%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$151M -$6.42M -345,930 -4%
Dimensional Fund Advisors
20
Dimensional Fund Advisors
Texas
$147M +$59.3M +3,194,955 +57%
Morgan Stanley
21
Morgan Stanley
New York
$143M +$67.8M +3,653,904 +75%
Manulife (Manufacturers Life Insurance)
22
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$141M -$6.65M -358,772 -4%
1832 Asset Management
23
1832 Asset Management
Ontario, Canada
$135M -$83.1M -4,479,735 -36%
Invesco
24
Invesco
Georgia
$130M +$17.8M +960,655 +14%
NP
25
Ninepoint Partners
Ontario, Canada
$125M

CVE Hedge Fund Activity: Q3 2024 in Review

423 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Cenovus Energy (CVE) for Q3 2024, worth a combined $14.5B — down 20% from $18.2B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new CVE positions and 53 closed out — a net gain of 10 holders — while 156 added to existing stakes and 146 trimmed.

The largest buyer was Capital World Investors, adding an estimated $739M. The largest seller was Capital Research Global Investors, cutting an estimated $816M.

  • 423 institutional investors held Cenovus Energy (CVE) as of Q3 2024, up from 417 in Q2 2024.
  • Funds reported $14.5B of Cenovus Energy stock for Q3 2024, down 20% quarter-over-quarter.
  • 63 funds opened new Cenovus Energy positions in Q3 2024 and 53 closed out, a net change of +10 holders.
  • The largest Cenovus Energy buyer in Q3 2024 was Capital World Investors, an estimated $739M added.
  • The largest Cenovus Energy seller in Q3 2024 was Capital Research Global Investors, an estimated $816M sold.

Based on aggregated 13F filings for Q3 2024.