Devon Energy
1,142 hedge funds and large institutions have $18.4B invested in Devon Energy in 2025 Q4 according to their latest regulatory filings, with 168 funds opening new positions, 381 increasing their positions, 444 reducing their positions, and 103 closing their positions.
63% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 103
8% more capital invested
Capital invested by funds: $17.1B → $18.4B (+$1.29B)
4% more funds holding
Funds holding: 1,103 → 1,142 (+39)
3.18% more ownership
Funds ownership: 76.8% → 79.98% (+3.2%)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
10% less call options, than puts
Call options by funds: $548M | Put options by funds: $611M
14% less repeat investments, than reductions
Existing positions increased: 381 | Existing positions reduced: 444
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$219M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$126M |
| 3 |
KEM
Kimmeridge Energy Management
New York
|
+$112M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$80.8M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$72.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$93M |
| 2 |
Millennium Management
New York
|
-$80.3M |
| 3 |
Neuberger Berman Group
New York
|
-$72M |
| 4 |
Renaissance Technologies
New York
|
-$59.7M |
| 5 |
SCM
Smead Capital Management
Phoenix,
Arizona
|
-$51.8M |
DVN Hedge Fund Activity: Q4 2025 in Review
1,142 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in Devon Energy (DVN) for Q4 2025, worth a combined $18.4B — up 7.6% from $17.1B a quarter earlier.
Buyers outnumbered sellers: 168 funds opened new DVN positions and 103 closed out — a net gain of 65 holders — while 381 added to existing stakes and 444 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $219M. The largest seller was AQR Capital Management, cutting an estimated $93M.
- 1,142 institutional investors held Devon Energy (DVN) as of Q4 2025, up from 1,103 in Q3 2025.
- Funds reported $18.4B of Devon Energy stock for Q4 2025, up 7.6% quarter-over-quarter.
- 168 funds opened new Devon Energy positions in Q4 2025 and 103 closed out, a net change of +65 holders.
- The largest Devon Energy buyer in Q4 2025 was Pacer Advisors, an estimated $219M added.
- The largest Devon Energy seller in Q4 2025 was AQR Capital Management, an estimated $93M sold.
Based on aggregated 13F filings for Q4 2025.