uploads///DVN Q Pre F Hedge Funds

Are Hedge Funds Accumulating Devon Energy Stock?

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Apr. 30 2018, Updated 10:30 a.m. ET

13F filers’ statistics for Devon Energy

In 4Q17, 51 hedge funds were buyers of Devon Energy (DVN) stock, and 54 hedge funds were sellers of DVN stock. In 4Q17, the total number of selling hedge funds outnumbered the total number of buying hedge funds by three. On December 31, 2017, 101 hedge funds, which filed Form 13F, held DVN in their portfolios. Eight of these hedge funds have DVN in their top ten holdings.

These hedge funds increased their aggregate DVN holdings in 4Q17 by ~12.1% from ~56.9 million shares to ~63.8 million shares. On December 31, 2017, Devon Energy had ~526.0 million common shares outstanding.

In 4Q17, these hedge funds increased their aggregate holdings in oil and gas production companies Marathon Oil (MRO) and Occidental Petroleum (OXY) by ~81.3% and ~16.7%, respectively.

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Form 13F is an SEC mandate that must be submitted by all institutional investors who manage more than $100.0 million in assets. These institutional investors typically include hedge funds, insurance companies, banks, and investment advisers that have access to in-depth research and greater capital. 

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