Notable Institutional Buying in Devon Energy Corp. (DVN)
Recent 13F filings reveal significant buying activity in Devon Energy Corp. (DVN) by major institutional investors during the last quarter. Here’s a roundup of the prominent buyers:
Chris Davis
- Shares: 25,297,991
- Position: New
- Value: $1.05B
Davis Selected Advisers made the most substantial new investment in Devon Energy, purchasing around 25.30 million shares, valued at approximately $1.05 billion.
Cliff Asness
- Shares: 7,169,378
- Added: 2,046,912
- Value: $0.30B
AQR Capital Management increased its position significantly by adding over 2 million shares, now holding nearly 7.17 million shares valued at about $300 million.
Steve Cohen
- Shares: 3,290,478
- Position: New
- Value: $0.14B
Point72 Asset Management initiated a new position with approximately 3.29 million shares valued at roughly $140 million.
Ray Dalio
- Shares: 735,174
- Position: New
- Value: $0.03B
Bridgewater Associates established a new stake by purchasing 735,174 shares, valued at around $30 million.
Donald Yacktman
- Shares: 510,913
- Added: 52,069
- Value: $0.02B
Yacktman Asset Management increased its existing position by adding 52,069 shares, raising its total holding to 510,913 shares.
Tweedy Browne
- Shares: 34,147
- Added: 8,525
- Value: N/A
Tweedy Browne grew its position by adding 8,525 shares to its existing holding.
Ken Fisher
- Shares: 53,129
- Added: 7,887
- Value: N/A
Fisher Asset Management increased its stake by adding 7,887 shares.
Mario Gabelli
- Shares: 9,022
- Added: 354
- Value: N/A
GAMCO Investors modestly expanded its position to 9,022 shares.
Overall Takeaway
The filings indicate a strong institutional interest in Devon Energy, especially highlighted by Chris Davis’s new investment of $1.05 billion. With major new stakes and strategic increases from various investors, Devon Energy has garnered significant attention in the investment community.
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