Devon Energy
DVN
743 hedge funds and large institutions have $15.7B invested in Devon Energy in 2018 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 214 increasing their positions, 315 reducing their positions, and 82 closing their positions.
156% more call options, than puts
Call options by funds: $910M | Put options by funds: $355M
3% less funds holding
Funds holding: 768 → 743 (-25)
5.12% less ownership
Funds ownership: 82.5% → 77.39% (-5.1%)
17% less capital invested
Capital invested by funds: $18.9B → $15.7B (-$3.21B)
21% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 82
32% less repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 315
48% less funds holding in top 10
Funds holding in top 10: 23 → 12 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$349M |
| 2 |
Morgan Stanley
New York
|
+$55.2M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$53.2M |
| 4 |
ClearBridge Investments
New York
|
+$49.5M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$43.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$305M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$152M |
| 3 |
Millennium Management
New York
|
-$141M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$138M |
| 5 |
CHP
Castle Hook Partners
New York
|
-$132M |
DVN Hedge Fund Activity: Q3 2018 in Review
743 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q3 2018, worth a combined $15.7B — down 17% from $18.9B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of DVN and 65 opened new positions — a net loss of 17 holders — while 315 trimmed existing stakes and 214 added.
The largest buyer was Elliott Management, adding an estimated $349M. The largest seller was Citadel Advisors, cutting an estimated $305M.
- 743 institutional investors held Devon Energy (DVN) as of Q3 2018, down from 768 in Q2 2018.
- Funds reported $15.7B of Devon Energy stock for Q3 2018, down 17% quarter-over-quarter.
- 65 funds opened new Devon Energy positions in Q3 2018 and 82 closed out, a net change of -17 holders.
- The largest Devon Energy buyer in Q3 2018 was Elliott Management, an estimated $349M added.
- The largest Devon Energy seller in Q3 2018 was Citadel Advisors, an estimated $305M sold.
Based on aggregated 13F filings for Q3 2018.