Devon Energy
DVN
720 hedge funds and large institutions have $15.2B invested in Devon Energy in 2017 Q3 according to their latest regulatory filings, with 70 funds opening new positions, 265 increasing their positions, 272 reducing their positions, and 73 closing their positions.
15% more capital invested
Capital invested by funds: $13.1B → $15.2B (+$2.01B)
0.43% more ownership
Funds ownership: 78.01% → 78.45% (+0.43%)
3% less repeat investments, than reductions
Existing positions increased: 265 | Existing positions reduced: 272
4% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 73
2% less funds holding
Funds holding: 732 → 720 (-12)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
28% less call options, than puts
Call options by funds: $231M | Put options by funds: $320M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$106M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$103M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$88.4M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$58.1M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$53.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$101M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$100M |
| 3 |
Morgan Stanley
New York
|
-$60.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$51.3M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$36.1M |
DVN Hedge Fund Activity: Q3 2017 in Review
720 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q3 2017, worth a combined $15.2B — up 15% from $13.1B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of DVN and 70 opened new positions — a net loss of 3 holders — while 272 trimmed existing stakes and 265 added.
The largest buyer was AQR Capital Management, adding an estimated $106M. The largest seller was Millennium Management, cutting an estimated $101M.
- 720 institutional investors held Devon Energy (DVN) as of Q3 2017, down from 732 in Q2 2017.
- Funds reported $15.2B of Devon Energy stock for Q3 2017, up 15% quarter-over-quarter.
- 70 funds opened new Devon Energy positions in Q3 2017 and 73 closed out, a net change of -3 holders.
- The largest Devon Energy buyer in Q3 2017 was AQR Capital Management, an estimated $106M added.
- The largest Devon Energy seller in Q3 2017 was Millennium Management, an estimated $101M sold.
Based on aggregated 13F filings for Q3 2017.