Devon Energy
DVN
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.
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: 1,333 → 1,238 (-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: 31 → 17 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$124M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$113M |
| 3 |
Voloridge Investment Management
Jupiter,
Florida
|
+$89M |
| 4 |
EIP
Epoch Investment Partners
New York
|
+$86.7M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$84.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$338M |
| 2 |
CWP
Capital Wealth Planning
Naples,
Florida
|
-$306M |
| 3 |
BlackRock
New York
|
-$285M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$279M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$190M |
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.