Devon Energy
1,230 hedge funds and large institutions have $20.5B invested in Devon Energy in 2023 Q4 according to their latest regulatory filings, with 191 funds opening new positions, 408 increasing their positions, 486 reducing their positions, and 162 closing their positions.
18% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 162
1.57% more ownership
Funds ownership: 68.98% → 70.54% (+1.6%)
1% more funds holding
Funds holding: 1,217 → 1,230 (+13)
2% more call options, than puts
Call options by funds: $1.14B | Put options by funds: $1.12B
3% less capital invested
Capital invested by funds: $21.1B → $20.5B (-$648M)
16% less repeat investments, than reductions
Existing positions increased: 408 | Existing positions reduced: 486
40% less funds holding in top 10
Funds holding in top 10: 20 → 12 (-8)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$394M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$261M |
| 3 |
Two Sigma Advisers
New York
|
+$146M |
| 4 |
D.E. Shaw & Co
New York
|
+$133M |
| 5 |
Two Sigma Investments
New York
|
+$124M |
Top Sellers
DVN Hedge Fund Activity: Q4 2023 in Review
1,230 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q4 2023, worth a combined $20.5B — down 3.1% from $21.1B a quarter earlier.
Buyers outnumbered sellers: 191 funds opened new DVN positions and 162 closed out — a net gain of 29 holders — while 408 added to existing stakes and 486 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $394M. The largest seller was Bank of America, cutting an estimated $173M.
- 1,230 institutional investors held Devon Energy (DVN) as of Q4 2023, up from 1,217 in Q3 2023.
- Funds reported $20.5B of Devon Energy stock for Q4 2023, down 3.1% quarter-over-quarter.
- 191 funds opened new Devon Energy positions in Q4 2023 and 162 closed out, a net change of +29 holders.
- The largest Devon Energy buyer in Q4 2023 was Morgan Stanley, an estimated $394M added.
- The largest Devon Energy seller in Q4 2023 was Bank of America, an estimated $173M sold.
Based on aggregated 13F filings for Q4 2023.