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Did Top Institutional Holders in Suncor Raise Stakes in Q1?

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Jun. 28 2019, Published 6:43 a.m. ET

Institutional holdings in Suncor

In this part, we’ll look at which institutions bought or sold Suncor Energy (SU) stock in the first quarter. Institutional holdings in Suncor currently stand at ~73%. The level of the holdings shows the confidence level or sentiment that mature market participants have in the stock. Usually, everything else being equal, rising institutional holdings indicate a favorable opinion about a stock.

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Changes in institutional holdings in Suncor

In the first quarter, according to the latest filings, Wellington Management Company, Fidelity Investments Canada, and RBC Global Asset Management raised their holdings in Suncor. However, the Vanguard Group and Fidelity Management and Research Company reduced their holding in Suncor stock in the first quarter. These institutions are the top five holders of Suncor stock.

Three of the next five top holders have raised their holdings in the stock. The institutions that raised holdings are Capital International Investors, Dodge & Cox, and TD Asset Management. However, Invesco Advisers and Capital Research Global Investors have reduced their holdings in the stock.

Thus, six of the ten top institutional holders in Suncor have raised their holdings in the stock in the first quarter. Of the six buyers, Fidelity Investments Canada has bought the largest number of Suncor shares in the quarter.

Peers’ institutional holdings

The institutional holdings in Suncor stand the highest compared to peers ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP). The US institutional holdings in ExxonMobil, Chevron, Shell, and BP stand at ~57%, ~68%, ~10%, and ~12%, respectively.

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