Cenovus Energy Inc.: which funds bought and sold

Institutions that bought and sold Cenovus Energy shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 259 institutions that filed 13F reports for both quarters added to or opened positions in Cenovus Energy, and 203 cut or closed them. Together they sold a net 48.5M shares, −5.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 67.6M shares (−15.1%); index fund managers were net sellers of 67K shares (−0.1%). 74 opened a new position and 41 sold out entirely.

Bought, Q2 2026 259 institutions, 74 of them new holders Sold, Q2 2026 203 institutions, 41 of them sold out

Net change, all compared −48.5M shares (−5.1%)

Net change, active managers −67.6M shares (−15.1%), 26 bought, 35 sold

Buyers versus sellers

institutions compared, 522

259 bought 60 203 sold

Active managers and hedge funds 26 bought · 35 sold · −67.6M

Index fund managers 2 bought · 5 sold · −67K

Other institutions 231 bought · 163 sold · +19.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of Montreal	+9.5M +40.7%	32.9M	$816M
Canada Pension Plan Investment Board	+8.5M +417.4%	10.6M	$262M
T. Rowe Price Investment Management, Inc. Active manager	+6.0M +9692.7%	6.1M	$152M
Connor, Clark & Lunn Investment Management Ltd.	+5.5M +61.7%	14.3M	$356M
1832 Asset Management L.P.	+5.2M +158.3%	8.4M	$209M
Goldman Sachs Group Inc	+4.8M +29.1%	21.4M	$531M
Royal Bank Of Canada	+4.5M +11.8%	43.0M	$1.1B
Jane Street Group, LLC	+3.9M +1297.7%	4.2M	$105M
AQR Capital Management LLC Hedge fund	+2.5M +58.1%	6.9M	$172M
Public Sector Pension Investment Board	+1.3M +1002.4%	1.4M	$35.3M
Bank Of Nova Scotia	+1.3M +25.3%	6.3M	$157M
Hillsdale Investment Management Inc.	+1.1M +91.9%	2.4M	$59.2M
Picton Mahoney Asset Management	+1.1M +23.0%	6.0M	$148M
Price T Rowe Associates Inc Active manager	+1.0M +4.3%	24.9M	$619M
Renaissance Technologies LLC Hedge fund	+874K +61.2%	2.3M	$57.1M
Boston Partners Active manager	+848K +5.0%	17.7M	$443M
Vanguard Global Advisers, LLC	+777K +8.1%	10.4M	$258M
National Bank Of Canada	+736K +8.4%	9.5M	$236M
Arax Advisory Partners	+678K +10289.9%	685K	$17M
Geode Capital Management, LLC Index funds	+665K +4.8%	14.4M	$362M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	+6.0M +9692.7%	6.1M	$152M
AQR Capital Management LLC Hedge fund	+2.5M +58.1%	6.9M	$172M
Price T Rowe Associates Inc Active manager	+1.0M +4.3%	24.9M	$619M
Renaissance Technologies LLC Hedge fund	+874K +61.2%	2.3M	$57.1M
Boston Partners Active manager	+848K +5.0%	17.7M	$443M
Two Sigma Investments, LP Hedge fund	+532K +1638.9%	565K	$14M
American Century Companies Inc Active manager	+478K +21.7%	2.7M	$66.5M
Franklin Resources Inc Active manager	+469K +9.7%	5.3M	$131M
Bridgewater Associates, LP Hedge fund	+285K New position	285K	$7.1M
Grantham, Mayo, Van Otterloo & Co. LLC Active manager	+199K +89.0%	422K	$10.5M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Capital Research Global Investors Active manager	−45.5M −43.2%	59.8M	$1.5B
GQG Partners LLC Active manager	−10.2M −38.0%	16.6M	$412M
Bank Of America Corp	−7.9M −34.6%	14.9M	$370M
Fil Ltd Active manager	−5.4M −12.6%	37.4M	$927M
FMR LLC Active manager	−5.3M −18.2%	23.9M	$594M
Mackenzie Financial Corp	−4.2M −16.6%	21.3M	$748M
Invesco Ltd.	−3.6M −32.8%	7.3M	$182M
Alberta Investment Management Corp	−3.4M −37.1%	5.8M	$144M
TD Asset Management Inc	−3.0M −17.5%	14.2M	$352M
Millennium Management LLC Hedge fund	−2.9M −98.5%	46K	$1.1M
Capital World Investors Active manager	−2.1M −2.7%	73.8M	$1.8B
Smead Capital Management, Inc. Active manager	−1.5M −10.1%	13.4M	$331M
CIBC Asset Management Inc	−1.4M −8.2%	15.3M	$379M
Balyasny Asset Management L.P. Hedge fund	−1.4M −98.8%	17K	$419,190
Recurrent Investment Advisors LLC	−1.1M −18.3%	4.7M	$123M
Intact Investment Management Inc.	−1.0M −27.5%	2.7M	$67.5M
CIBC World Market Inc.	−994K −8.1%	11.3M	$281M
Dimensional Fund Advisors LP	−977K −5.4%	17.0M	$423M
Alyeska Investment Group, L.P. Hedge fund	−969K −25.0%	2.9M	$72M
Capital International, Inc. Active manager	−907K −18.3%	4.1M	$101M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Capital Research Global Investors Active manager	−45.5M −43.2%	59.8M	$1.5B
GQG Partners LLC Active manager	−10.2M −38.0%	16.6M	$412M
Fil Ltd Active manager	−5.4M −12.6%	37.4M	$927M
FMR LLC Active manager	−5.3M −18.2%	23.9M	$594M
Millennium Management LLC Hedge fund	−2.9M −98.5%	46K	$1.1M
Capital World Investors Active manager	−2.1M −2.7%	73.8M	$1.8B
Smead Capital Management, Inc. Active manager	−1.5M −10.1%	13.4M	$331M
Balyasny Asset Management L.P. Hedge fund	−1.4M −98.8%	17K	$419,190
Alyeska Investment Group, L.P. Hedge fund	−969K −25.0%	2.9M	$72M
Capital International, Inc. Active manager	−907K −18.3%	4.1M	$101M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Cidel Asset Management Inc	590K	$14.6M
Hatch Cove Capital, LLC	507K	$12.6M
Y-Intercept (Hong Kong) Ltd	466K	$11.6M
Hennessy Advisors Inc	318K	$7.9M
Navellier & Associates Inc	293K	$7.3M
Counterpoint Mutual Funds LLC	289K	$7.2M
Bridgewater Associates, LPHedge fund	285K	$7.1M
AGF Management Ltd	254K	$6.4M
Jump Financial, LLC	210K	$5.2M
Cvfg LLC	165K	$4.1M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Exoduspoint Capital Management, LPHedge fund	658K	$17.5M
Contrarius Group Holdings Ltd	514K	$13.6M
Verition Fund Management LLCHedge fund	395K	$10.5M
Hite Hedge Asset Management LLC	380K	$10.1M
Findell Capital Management LLC	375K	$9.9M
Adams Natural Resources Fund, Inc.	210K	$5.6M
Aventail Capital Group, LP	197K	$5.2M
Harvest Portfolios Group Inc.	146K	$3.9M
Summerhill Capital Management Lnc.	83K	$2.2M
Erste Asset Management Gmbh	70K	$1.8M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 486
Ten largest holders: 43.9%
Index fund managers: 8.7%
Active managers and hedge funds: 43.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	26	35	8	4	−67.6M	−15.1%
Index fund managers	2	5	0	0	−67K	−0.1%
Other institutions	231	163	66	37	+19.2M	+4.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Cenovus Energy.

Only managers that filed a holdings report for both quarters are compared (522 here). 14 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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