Cenovus Energy Inc. bonds CVE
Who owns Cenovus Energy Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. CVE stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 15135UAT6 | 3.5% fixed | 2028-02-07 | CAD | 99.91 | 3.56% | — | 5 | $6.6M | Jul 2026 |
| 448055AP8 | 4.4% fixed | 2029-04-15 | USD | 98.11 | 5.15% | 90 bp | 1 | $2.4M | Jul 2026 |
| 15135UBA6 | 4.65% fixed | 2031-03-20 | USD | 98.09 | 5.12% | 80 bp | 14 | $16.2M | Jul 2026 |
| 15135UAW9 | 2.65% fixed | 2032-01-15 | USD | 88.53 | 5.08% | 72 bp | 11 | $39.6M | Jul 2026 |
| 15135UAZ2 | 4.25% fixed | 2033-03-20 | CAD | 99.45 | 4.35% | — | 1 | $35K | Jul 2026 |
| 15135UAY5 | 4.6% fixed | 2035-11-20 | CAD | 99.33 | 4.69% | — | 3 | $13.7M | Jul 2026 |
| 15135UBB4 | 5.4% fixed | 2036-03-20 | USD | 97.33 | 5.76% | 118 bp | 16 | $14.8M | Jul 2026 |
| 15135UAP4 | 5.25% fixed | 2037-06-15 | USD | 94.88 | 5.89% | 125 bp | 10 | $17.6M | Jul 2026 |
| 15135UAF6 | 6.75% fixed | 2039-11-15 | USD | 107.92 | 5.88% | 111 bp | 19 | $21.5M | Jul 2026 |
| 15135UAR0 | 5.4% fixed | 2047-06-15 | USD | 88.80 | 6.38% | 127 bp | 11 | $12.9M | Jul 2026 |
| 15135UAX7 | 3.75% fixed | 2052-02-15 | USD | 68.75 | 6.20% | 110 bp | 11 | $5.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 11 | $151.1M | 98.09 | 5.82% | 111 bp | 19 |
| Jun 2026 | 8 | $432.4M | 97.85 | 5.63% | 103 bp | 54 |
| May 2026 | 8 | $293.8M | 98.19 | 5.50% | 89 bp | 28 |
| Apr 2026 | 11 | $151.1M | 91.41 | 5.54% | 112 bp | 20 |
| Mar 2026 | 9 | $427.0M | 99.32 | 5.66% | 124 bp | 64 |
| Feb 2026 | 9 | $300.6M | 100.65 | 5.22% | 105 bp | 28 |
| Jan 2026 | 11 | $152.7M | 91.79 | 5.52% | 119 bp | 20 |
| Dec 2025 | 9 | $422.2M | 99.67 | 5.59% | 129 bp | 54 |
| Nov 2025 | 10 | $369.9M | 100.07 | 5.27% | 117 bp | 27 |
| Oct 2025 | 9 | $111.1M | 92.73 | 5.53% | 131 bp | 18 |
| Sep 2025 | 7 | $327.8M | 97.56 | 5.60% | 126 bp | 34 |
| Aug 2025 | 8 | $279.0M | 97.01 | 5.81% | 137 bp | 27 |
| Jul 2025 | 9 | $112.6M | 89.10 | 5.96% | 135 bp | 19 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 41 added, 42 cut, 12 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $65.2M | $60.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $54.1M | $48.1M | $68K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $43.5M | $38.2M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $44.0M | $37.4M | $0 |
| AST Investment Grade Bond Portfolio Advanced Series Trust | 2026-06-30 | $40.3M | $35.9M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $38.3M | $33.9M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $34.3M | $32.7M | $0 |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $28.8M | $28.2M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $29.2M | $27.8M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $24.5M | $23.4M | $4.4M |
| Strategic Income Opportunities Fund John Hancock Funds II | 2026-05-31 | $20.0M | $21.2M | -$850K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $19.7M | $18.1M | $80K |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $21.0M | $17.4M | $0 |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $17.9M | $17.3M | $1.6M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $15.1M | $14.9M | $0 |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $13.7M | $13.5M | $2.1M |
| Income Fund John Hancock Strategic Series | 2026-05-31 | $11.8M | $12.6M | -$1.6M |
| Bond Fund of America | 2026-06-30 | $13.5M | $12.6M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $12.4M | $12.2M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $15.0M | $10.6M | $5.0M |
| Fidelity Intermediate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $10.8M | $10.2M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $10.1M | $9.9M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $10.6M | $9.7M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $7.4M | $7.9M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.0M | $7.4M | -$811K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): DoubleLine Core Fixed Income Fund ($2.5M), PIMCO Long Duration Total Return Fund ($1.8M), Strategic Bond Fund ($984K), JNL/DoubleLine Core Fixed Income Fund ($928K), PIMCO Moderate Duration Fund ($700K), State Street(R) DoubleLine(R) Total Return Tactical ETF ($664K), Invesco Multi-Asset Income Fund ($340K), AB Short Duration Income ETF ($281K), Destinations Core Fixed Income Fund ($265K), AB All Market Total Return Portfolio ($215K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 7 | $54.1M | $48.1M | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 7 | $19.7M | $18.1M | 0.01% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 7 | $17.9M | $17.3M | 0.07% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 3 | $7.4M | $7.9M | 0.07% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $8.0M | $7.4M | 0.04% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $9.2M | $7.2M | 0.08% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 2 | $10.1M | $7.2M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $6.9M | $6.9M | 0.06% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $6.7M | $6.3M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $5.3M | $5.0M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 7 | $5.4M | $4.9M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.9M | $4.4M | 0.01% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $4.3M | $3.1M | 0.01% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 4 | $3.2M | $3.0M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $2.7M | $2.7M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.70: safer than 76% of companies (82th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $61.36B |
| Debt barrier (short-term + ½ long-term debt) | $3.31B |
| Equity volatility (1 year) | 35.7% |
| Asset value / asset volatility (solved) | $64.53B / 34.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 111 bp spread prices in about 1.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 3.30 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CVE's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 49 | $790.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 479 | $22.33B | 23 | $276.4M | 25 | $314.3M | 0 |
| 2026-03-31 | 442 | $23.10B | 22 | $311.9M | 22 | $258.3M | 0 |
| 2025-12-31 | 422 | $16.50B | 24 | $291.8M | 24 | $181.7M | 1 |
| 2025-09-30 | 380 | $16.11B | 25 | $298.8M | 27 | $243.2M | 1 |
| 2025-06-30 | 399 | $12.15B | 24 | $261.6M | 28 | $218.5M | 2 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.