Also trades as: CVE.TO (TSX) · $vol 169M
CVE Institutional Ownership
Cenovus Energy Inc.
1W: -0.1%
1M: +7.3%
3M: +20.0%
YTD: +89.3%
1Y: +93.3%
3Y: +69.3%
5Y: +222.9%
$31.66
-1.52 (-4.58%)
After Hours: $31.96 (+0.30, +0.93%)
Weekly Expected Move ±4.4%
$30
$31
$33
$34
$36
Credit Risk of going bust: lower than 76% of companies Debt: 12.0% of company value Bonds: $151.1M held by 250 funds, 94 bp over Treasuries → details ▾
If the stock fell to about $0.28 (down 99.2%), Cenovus Energy Inc. would be worth roughly what it owes.
Total debt $8.31B against a stock market value of $61.19B.
Distance to default 8.70 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $3.33B (short-term plus half of long-term), stock volatility 35.7%; Altman Z'' 3.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $8.31B against a stock market value of $61.19B.
Distance to default 8.70 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $3.33B (short-term plus half of long-term), stock volatility 35.7%; Altman Z'' 3.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
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ETF Exposure
Dark Pool
Short Interest
Institutional Ownership — CVE
539
Institutional Holders
+15 vs prior quarter
0.0%
Ownership
+0.00pp
$23B
Total Invested
81
New Positions
186
Increased
206
Reduced
43
Closed
0.92
Put/Call Ratio
Ownership Trends
Top Institutional Holders (590 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | Capital World Investors | 73,836,143 | $2.4B | -2,087,877 | -2.7% | 36Q | SEC ↗ |
| 2 | Capital Research Global Investors | 59,770,371 | $2.0B | -45,475,174 | -43.2% | 33Q | SEC ↗ |
| 3 | Capital International Investors | 46,865,234 | $1.6B | -792,984 | -1.7% | 19Q | SEC ↗ |
| 4 | ROYAL BANK OF CANADA | 43,042,749 | $1.4B | +4,540,975 | +11.8% | 67Q | SEC ↗ |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 38,398,577 | $1.3B | -16,839 | -0.0% | 2Q | SEC ↗ |
| 6 | FIL Ltd | 37,380,066 | $1.2B | -5,378,302 | -12.6% | 33Q | SEC ↗ |
| 7 | BANK OF MONTREAL /CAN | 32,921,767 | $1.1B | +9,523,481 | +40.7% | 53Q | SEC ↗ |
| 8 | PRICE T ROWE ASSOCIATES INC /MD | 24,935,735 | $827M | +1,028,436 | +4.3% | 2Q | SEC ↗ |
| 9 | FMR LLC | 23,947,379 | $795M | -5,331,202 | -18.2% | 67Q | SEC ↗ |
| 10 | GOLDMAN SACHS GROUP INC | 21,419,375 | $711M | +4,834,311 | +29.1% | 15Q | SEC ↗ |
| 11 | MACKENZIE FINANCIAL CORP | 21,250,409 | $705M | -4,228,017 | -16.6% | 41Q | SEC ↗ |
| 12 | Boston Partners | 17,723,396 | $588M | +848,424 | +5.0% | 26Q | SEC ↗ |
| 13 | MANUFACTURERS LIFE INSURANCE COMPANY, | 17,117,654 | $568M | -612,662 | -3.5% | 46Q | SEC ↗ |
| 14 | DIMENSIONAL FUND ADVISORS LP | 17,038,600 | $565M | -976,543 | -5.4% | 55Q | SEC ↗ |
| 15 | GQG Partners LLC | 16,592,495 | $551M | -10,181,968 | -38.0% | 2Q | SEC ↗ |
| 16 | MASSACHUSETTS FINANCIAL SERVICES CO /M | 16,121,165 | $535M | -1,266,994 | -7.3% | 19Q | SEC ↗ |
| 17 | CIBC Asset Management Inc | 15,264,422 | $506M | -1,366,183 | -8.2% | 66Q | SEC ↗ |
| 18 | BANK OF AMERICA CORP /DE | 14,901,286 | $494M | -7,869,437 | -34.6% | 15Q | SEC ↗ |
| 19 | GEODE CAPITAL MANAGEMENT, LLC | 14,396,379 | $478M | +665,366 | +4.8% | 37Q | SEC ↗ |
| 20 | Connor, Clark & Lunn Investment Manage | 14,283,683 | $474M | +5,452,653 | +61.7% | 50Q | SEC ↗ |
| 21 | TD Asset Management Inc | 14,180,930 | $471M | -2,997,909 | -17.5% | 67Q | SEC ↗ |
| 22 | Smead Capital Management, Inc. | 13,370,631 | $444M | -1,497,372 | -10.1% | 22Q | SEC ↗ |
| 23 | VANGUARD FIDUCIARY TRUST CO | 11,821,936 | $392M | -73,165 | -0.6% | 2Q | SEC ↗ |
| 24 | CIBC WORLD MARKET INC. | 11,349,564 | $377M | -993,796 | -8.1% | 67Q | SEC ↗ |
| 25 | CANADA PENSION PLAN INVESTMENT BOARD | 10,562,249 | $350M | +8,520,936 | +417.4% | 18Q | SEC ↗ |
| 26 | Vanguard Global Advisers, LLC | 10,416,669 | $346M | +777,075 | +8.1% | 2Q | SEC ↗ |
| 27 | TD Waterhouse Canada Inc. | 9,663,869 | $321M | -44,306 | -0.5% | 19Q | SEC ↗ |
| 28 | NATIONAL BANK OF CANADA /FI | 9,540,752 | $317M | +736,247 | +8.4% | 19Q | SEC ↗ |
| 29 | 1832 Asset Management L.P. | 8,440,355 | $280M | +5,172,202 | +158.3% | 67Q | SEC ↗ |
| 30 | MORGAN STANLEY | 8,415,330 | $279M | -304,134 | -3.5% | 60Q | SEC ↗ |
| 31 | JPMORGAN CHASE & CO | 7,970,976 | $264M | -658,314 | -7.6% | 67Q | SEC ↗ |
| 32 | BlackRock, Inc. | 7,389,302 | $245M | -620,335 | -7.7% | 8Q | SEC ↗ |
| 33 | Invesco Ltd. | 7,322,649 | $243M | -3,571,490 | -32.8% | 67Q | SEC ↗ |
| 34 | AQR CAPITAL MANAGEMENT LLC | 6,932,531 | $230M | +2,548,006 | +58.1% | 10Q | SEC ↗ |
| 35 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 6,558,465 | $218M | +22,939 | +0.4% | 9Q | SEC ↗ |
| 36 | Sixth Street Partners Management Compa NEW | 6,558,465 | $218M | — | +0.0% | 1Q | SEC ↗ |
| 37 | BANK OF NOVA SCOTIA | 6,318,404 | $210M | +1,275,477 | +25.3% | 15Q | SEC ↗ |
| 38 | T. Rowe Price Investment Management, I | 6,107,215 | $203M | +6,044,850 | +9692.7% | 3Q | SEC ↗ |
| 39 | PICTON MAHONEY ASSET MANAGEMENT | 5,987,906 | $199M | +1,120,504 | +23.0% | 5Q | SEC ↗ |
| 40 | WELLINGTON MANAGEMENT GROUP LLP | 5,935,567 | $197M | -136,902 | -2.3% | 22Q | SEC ↗ |
| 41 | Alberta Investment Management Corp | 5,798,511 | $192M | -3,418,942 | -37.1% | 24Q | SEC ↗ |
| 42 | LETKO, BROSSEAU & ASSOCIATES INC | 5,327,707 | $177M | -383,782 | -6.7% | 59Q | SEC ↗ |
| 43 | FRANKLIN RESOURCES INC | 5,297,578 | $176M | +469,311 | +9.7% | 22Q | SEC ↗ |
| 44 | Federation des caisses Desjardins du Q | 5,220,777 | $173M | -599,998 | -10.3% | 38Q | SEC ↗ |
| 45 | Amundi | 5,146,401 | $171M | -219,795 | -4.1% | 21Q | SEC ↗ |
| 46 | TORONTO DOMINION BANK | 5,145,543 | $171M | +456,955 | +9.7% | 67Q | SEC ↗ |
| 47 | Ninepoint Partners LP | 5,100,000 | $169M | +600,000 | +13.3% | 23Q | SEC ↗ |
| 48 | Merewether Investment Management, LP | 4,871,447 | $162M | +99,847 | +2.1% | 10Q | SEC ↗ |
| 49 | Recurrent Investment Advisors LLC | 4,739,325 | $157M | -1,060,316 | -18.3% | 27Q | SEC ↗ |
| 50 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 4,658,262 | $155M | +80,000 | +1.7% | 26Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| Sixth Street Partners Management Co | 6,558,465 | $218M |
| CIDEL ASSET MANAGEMENT INC | 589,828 | $20M |
| HATCH COVE CAPITAL, LLC | 507,400 | $17M |
| Y-Intercept (Hong Kong) Ltd | 466,339 | $15M |
| HENNESSY ADVISORS INC | 317,600 | $11M |
| NAVELLIER & ASSOCIATES INC | 293,121 | $10M |
| Counterpoint Mutual Funds LLC | 289,201 | $10M |
| Bridgewater Associates, LP | 284,802 | $9M |
| AGF MANAGEMENT LTD | 253,700 | $8M |
| Jump Financial, LLC | 209,654 | $7M |
| CVFG LLC | 165,250 | $5M |
| Anson Funds Management LP | 150,000 | $5M |
| Trexquant Investment LP | 135,417 | $4M |
| Union Bancaire Privee, UBP SA | 109,714 | $4M |
| Quantbot Technologies LP | 97,426 | $3M |
| Accordant Advisory Group Inc | 91,828 | $3M |
| Jupiter Topco LLC | 86,167 | $3M |
| Fideuram Asset Management (Ireland) | 79,741 | $3M |
| Mitsubishi UFJ Trust & Banking Corp | 76,000 | $3M |
| TriaGen Wealth Management LLC | 62,500 | $2M |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| L1 Capital Pty Ltd | 5,655,769 | $188M |
| Verbena Value LP | 2,412,600 | $80M |
| Incision Capital Management LP | 1,100,000 | $36M |
| ExodusPoint Capital Management, LP | 657,815 | $22M |
| Turas Capital Management LP | 589,869 | $20M |
| Contrarius Group Holdings Ltd | 513,537 | $17M |
| MOORE CAPITAL MANAGEMENT, LP | 450,000 | $15M |
| Verition Fund Management LLC | 394,545 | $13M |
| HITE Hedge Asset Management LLC | 379,748 | $13M |
| FINDELL CAPITAL MANAGEMENT LLC | 375,000 | $12M |
| Gotham Asset Management, LLC | 299,472 | $10M |
| NewGen Asset Management Ltd | 290,500 | $10M |
| ADAMS NATURAL RESOURCES FUND, INC. | 209,900 | $7M |
| WEXFORD CAPITAL LP | 200,000 | $7M |
| Aventail Capital Group, LP | 196,541 | $7M |
| Parallax Volatility Advisers, L.P. | 159,856 | $5M |
| Harvest Portfolios Group Inc. | 145,770 | $5M |
| GROUP ONE TRADING LLC | 133,054 | $4M |
| Schonfeld Strategic Advisors LLC | 121,259 | $4M |
| WORLDQUANT MILLENNIUM ADVISORS LLC | 106,478 | $4M |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| BANK OF MONTREAL /CAN | +9,523,481 | +40.7% | 32,921,767 |
| CANADA PENSION PLAN INVESTMENT BOAR | +8,520,936 | +417.4% | 10,562,249 |
| T. Rowe Price Investment Management | +6,044,850 | +9692.7% | 6,107,215 |
| Connor, Clark & Lunn Investment Man | +5,452,653 | +61.7% | 14,283,683 |
| 1832 Asset Management L.P. | +5,172,202 | +158.3% | 8,440,355 |
| GOLDMAN SACHS GROUP INC | +4,834,311 | +29.1% | 21,419,375 |
| ROYAL BANK OF CANADA | +4,540,975 | +11.8% | 43,042,749 |
| JANE STREET GROUP, LLC | +3,936,765 | +1297.7% | 4,240,133 |
| AQR CAPITAL MANAGEMENT LLC | +2,548,006 | +58.1% | 6,932,531 |
| Public Sector Pension Investment Bo | +1,293,433 | +1002.4% | 1,422,468 |
| BANK OF NOVA SCOTIA | +1,275,477 | +25.3% | 6,318,404 |
| Hillsdale Investment Management Inc | +1,143,494 | +91.9% | 2,387,412 |
| PICTON MAHONEY ASSET MANAGEMENT | +1,120,504 | +23.0% | 5,987,906 |
| PRICE T ROWE ASSOCIATES INC /MD | +1,028,436 | +4.3% | 24,935,735 |
| RENAISSANCE TECHNOLOGIES LLC | +874,200 | +61.2% | 2,301,494 |
| Boston Partners | +848,424 | +5.0% | 17,723,396 |
| Vanguard Global Advisers, LLC | +777,075 | +8.1% | 10,416,669 |
| NATIONAL BANK OF CANADA /FI | +736,247 | +8.4% | 9,540,752 |
| Arax Advisory Partners | +678,002 | +10289.9% | 684,591 |
| GEODE CAPITAL MANAGEMENT, LLC | +665,366 | +4.8% | 14,396,379 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| Capital Research Global Investors | -45,475,174 | -43.2% | 59,770,371 |
| GQG Partners LLC | -10,181,968 | -38.0% | 16,592,495 |
| BANK OF AMERICA CORP /DE | -7,869,437 | -34.6% | 14,901,286 |
| FIL Ltd | -5,378,302 | -12.6% | 37,380,066 |
| FMR LLC | -5,331,202 | -18.2% | 23,947,379 |
| MACKENZIE FINANCIAL CORP | -4,228,017 | -16.6% | 21,250,409 |
| Invesco Ltd. | -3,571,490 | -32.8% | 7,322,649 |
| Alberta Investment Management Corp | -3,418,942 | -37.1% | 5,798,511 |
| TD Asset Management Inc | -2,997,909 | -17.5% | 14,180,930 |
| MILLENNIUM MANAGEMENT LLC | -2,913,501 | -98.5% | 45,788 |
| Capital World Investors | -2,087,877 | -2.7% | 73,836,143 |
| Smead Capital Management, Inc. | -1,497,372 | -10.1% | 13,370,631 |
| CIBC Asset Management Inc | -1,366,183 | -8.2% | 15,264,422 |
| Balyasny Asset Management L.P. | -1,363,244 | -98.8% | 16,896 |
| MASSACHUSETTS FINANCIAL SERVICES CO | -1,266,994 | -7.3% | 16,121,165 |
| Recurrent Investment Advisors LLC | -1,060,316 | -18.3% | 4,739,325 |
| INTACT INVESTMENT MANAGEMENT INC. | -1,031,190 | -27.5% | 2,719,770 |
| CIBC WORLD MARKET INC. | -993,796 | -8.1% | 11,349,564 |
| DIMENSIONAL FUND ADVISORS LP | -976,543 | -5.4% | 17,038,600 |
| Alyeska Investment Group, L.P. | -968,569 | -25.0% | 2,903,727 |