DVN ranks #242 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
DVN is a top-conviction position for EnCap Investments L.P. — at 76.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in DVN belongs to BlackRock, Inc., but the position matters far more to EnCap Investments L.P., who has 76.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Wellington Management Group LLP has added to its DVN position for two straight quarters, increasing it by $2.1B to reach $2.1B today.
Panagora Asset Management Inc has trimmed its DVN position for two straight quarters, cutting it by $90.7M while still holding $41.5M.
DVN is down 0% today, but institutions show net buying of $24.0B this quarter — a divergence between today's price move and the underlying institutional flow.