Energy-focused hedge fund SIR Capital Management significantly reduced its investment in Cenovus Energy (CVE), cutting its holdings by 54.34%, according to a recent disclosure. The firm sold over 800,000 shares, decreasing its position from 1.48 million to approximately 674,000. This trade reduced the reported value of its Cenovus stake from $39.17 million to $16.73 million.
This ownership information comes from a quarterly 13F filing, which discloses positions held as of June 30, 2026. These filings are released with a delay and reflect portfolio changes made during the second quarter. During that period, Cenovus reported strong financial results, raised its full-year production guidance, and returned $1.4 billion to shareholders.