Devon Energy
1,222 hedge funds and large institutions have $21.3B invested in Devon Energy in 2023 Q2 according to their latest regulatory filings, with 120 funds opening new positions, 487 increasing their positions, 468 reducing their positions, and 132 closing their positions.
45% more call options, than puts
Call options by funds: $1.51B | Put options by funds: $1.04B
4% more repeat investments, than reductions
Existing positions increased: 487 | Existing positions reduced: 468
9% less first-time investments, than exits
New positions opened: 120 | Existing positions closed: 132
1% less funds holding
Funds holding: 1,239 → 1,222 (-17)
2.88% less ownership
Funds ownership: 71.56% → 68.68% (-2.9%)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
58% less capital inflows, than outflows
Capital inflows: $988M | Capital outflows: $2.35B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Smead Capital Management
Phoenix,
Arizona
|
+$75.6M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$52.8M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$45M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$37.5M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$29.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$407M |
| 2 |
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$211M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$135M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$85.3M |
| 5 |
AssetMark Inc
Concord,
California
|
-$76.3M |
DVN Hedge Fund Activity: Q2 2023 in Review
1,222 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q2 2023, worth a combined $21.3B — down 10% from $23.7B a quarter earlier.
Sellers outnumbered buyers: 132 funds closed out of DVN and 120 opened new positions — a net loss of 12 holders — while 468 trimmed existing stakes and 487 added.
The largest buyer was Smead Capital Management, adding an estimated $75.6M. The largest seller was Fidelity Investments, cutting an estimated $407M.
- 1,222 institutional investors held Devon Energy (DVN) as of Q2 2023, down from 1,239 in Q1 2023.
- Funds reported $21.3B of Devon Energy stock for Q2 2023, down 10% quarter-over-quarter.
- 120 funds opened new Devon Energy positions in Q2 2023 and 132 closed out, a net change of -12 holders.
- The largest Devon Energy buyer in Q2 2023 was Smead Capital Management, an estimated $75.6M added.
- The largest Devon Energy seller in Q2 2023 was Fidelity Investments, an estimated $407M sold.
Based on aggregated 13F filings for Q2 2023.