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Devon Energy

1,238 hedge funds and large institutions have $23.7B invested in Devon Energy in 2023 Q1 according to their latest regulatory filings, with 131 funds opening new positions, 559 increasing their positions, 416 reducing their positions, and 196 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 559 | Existing positions reduced: 416

20% more call options, than puts

Call options by funds: $1.36B | Put options by funds: $1.14B

3.61% less ownership

Funds ownership: 75.17%71.56% (-3.6%)

7% less funds holding

Funds holding: 1,3331,238 (-95)

24% less capital invested

Capital invested by funds: $31.2B → $23.7B (-$7.48B)

33% less first-time investments, than exits

New positions opened: 131 | Existing positions closed: 196

45% less funds holding in top 10

Funds holding in top 10: 3117 (-14)

Holders
1,238
Holders Change
-95
Holders Change %
-7.13%
% of All Funds
19.73%
Holding in Top 10
17
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-45.16%
% of All Funds
0.27%
New
131
Increased
559
Reduced
416
Closed
196
Calls
$1.36B
Puts
$1.14B
Net Calls
+$224M
Net Calls Change
-$279M
Name Holding Trade Value Shares
Change
Change in
Stake
Luther King Capital Management (LKCM)
51
Luther King Capital Management (LKCM)
Texas
$82.8M -$3.02M -53,062 -3%
T. Rowe Price Associates
52
T. Rowe Price Associates
Maryland
$81.9M -$190M -3,345,465 -67%
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$77.1M -$42.6M -748,156 -33%
EIP
54
Epoch Investment Partners
New York
$77.1M +$86.7M +1,523,923 New
Holocene Advisors
55
Holocene Advisors
New York
$74.2M +$83.4M +1,465,358 New
CAPTRUST Financial Advisors
56
CAPTRUST Financial Advisors
North Carolina
$71.5M +$11M +192,528 +16%
RhumbLine Advisers
57
RhumbLine Advisers
Massachusetts
$64.6M +$2.97M +52,257 +4%
Manulife (Manufacturers Life Insurance)
58
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$64.1M +$3.52M +61,847 +5%
California Public Employees Retirement System
59
California Public Employees Retirement System
California
$63.9M -$14.3M -252,012 -17%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$60.2M -$645K -11,324 -0.9%
FPCG
61
Fort Pitt Capital Group
Pennsylvania
$57.9M +$63.2M +1,109,665 +3,276%
Franklin Resources
62
Franklin Resources
California
$56.4M -$2.31M -40,530 -4%
HighTower Advisors
63
HighTower Advisors
Illinois
$55.3M +$3.21M +56,369 +5%
SCM
64
Shapiro Capital Management
Georgia
$55M +$1.37M +24,048 +2%
National Pension Service
65
National Pension Service
South Korea
$54.7M -$33.1M -581,854 -35%
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
$54.5M +$41.7M +732,210 +212%
Jane Street
67
Jane Street
New York
$53.6M +$42.8M +752,183 +245%
SCM
68
Smead Capital Management
Arizona
$53M +$59.6M +1,047,429 New
New York State Common Retirement Fund
69
New York State Common Retirement Fund
New York
$50.8M -$1.74M -30,485 -3%
Stifel Financial
70
Stifel Financial
Missouri
$46M +$5.16M +90,619 +11%
AllianceBernstein
71
AllianceBernstein
Tennessee
$45.1M +$1.6M +28,090 +3%
Principal Financial Group
72
Principal Financial Group
Iowa
$42.7M +$440K +7,723 +0.9%
HF
73
HRT Financial
New York
$40.3M +$45.4M +797,220 New
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$40.3M
LPL Financial
75
LPL Financial
California
$40.1M +$2.08M +36,475 +5%

DVN Hedge Fund Activity: Q1 2023 in Review

1,238 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q1 2023, worth a combined $23.7B — down 24% from $31.2B a quarter earlier.

Sellers outnumbered buyers: 196 funds closed out of DVN and 131 opened new positions — a net loss of 65 holders — while 416 trimmed existing stakes and 559 added.

The largest buyer was Millennium Management, adding an estimated $124M. The largest seller was Fidelity Investments, cutting an estimated $338M.

  • 1,238 institutional investors held Devon Energy (DVN) as of Q1 2023, down from 1,333 in Q4 2022.
  • Funds reported $23.7B of Devon Energy stock for Q1 2023, down 24% quarter-over-quarter.
  • 131 funds opened new Devon Energy positions in Q1 2023 and 196 closed out, a net change of -65 holders.
  • The largest Devon Energy buyer in Q1 2023 was Millennium Management, an estimated $124M added.
  • The largest Devon Energy seller in Q1 2023 was Fidelity Investments, an estimated $338M sold.

Based on aggregated 13F filings for Q1 2023.