Devon Energy
DVN
786 hedge funds and large institutions have $17.9B invested in Devon Energy in 2017 Q4 according to their latest regulatory filings, with 130 funds opening new positions, 238 increasing their positions, 305 reducing their positions, and 59 closing their positions.
120% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 59
75% more funds holding in top 10
Funds holding in top 10: 8 → 14 (+6)
18% more capital invested
Capital invested by funds: $15.2B → $17.9B (+$2.77B)
9% more funds holding
Funds holding: 720 → 786 (+66)
4.07% more ownership
Funds ownership: 78.45% → 82.51% (+4.1%)
15% less call options, than puts
Call options by funds: $252M | Put options by funds: $295M
22% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 305
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EECFI
EnCap Energy Capital Fund IX
Houston,
Texas
|
+$446M |
| 2 |
PC
PointState Capital
New York
|
+$224M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$135M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$99.9M |
| 5 |
Goldman Sachs
New York
|
+$93.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$174M |
| 2 |
BlackRock
New York
|
-$134M |
| 3 |
Millennium Management
New York
|
-$131M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$109M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.5M |
DVN Hedge Fund Activity: Q4 2017 in Review
786 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q4 2017, worth a combined $17.9B — up 18% from $15.2B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new DVN positions and 59 closed out — a net gain of 71 holders — while 238 added to existing stakes and 305 trimmed.
The largest buyer was EnCap Energy Capital Fund IX, opening a new position worth an estimated $446M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $174M sold.
- 786 institutional investors held Devon Energy (DVN) as of Q4 2017, up from 720 in Q3 2017.
- Funds reported $17.9B of Devon Energy stock for Q4 2017, up 18% quarter-over-quarter.
- 130 funds opened new Devon Energy positions in Q4 2017 and 59 closed out, a net change of +71 holders.
- The largest Devon Energy buyer in Q4 2017 was EnCap Energy Capital Fund IX, an estimated $446M added.
- The largest Devon Energy seller in Q4 2017 was Fiduciary Management Inc, an estimated $174M sold.
Based on aggregated 13F filings for Q4 2017.