Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Devon Energy Corp New (DVN)

1K + Investors. Track Smart Money conviction in DVN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +114
Streak
2Q ▲
Buyers last Q
55%

Smart Money Signals — DVN

Based on 1246 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added DVN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,246 hedge funds hold DVN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+106 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟡

Slight buying edge — 55% buying

678 buying558 selling
Last quarter: 678 funds bought or added vs 558 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+64 vs last Q)

new funds entering per quarter
Funds opening a new DVN position: 130 → 119 → 175 → 239. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
793 out of 1,246 hedge funds have held DVN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +45% but shares only +8% — price-driven

Value
+45%
Shares
+7%
Last quarter: the total dollar value of institutional holdings rose +45%, but actual share count only changed +8%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

166 → 130 → 119 → 175 → 239 new funds/Q
New funds entering each quarter: 130 → 119 → 175 → 239. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 70% veterans vs 20% newcomers

■ 70% veterans ■ 10% 1-2yr ■ 20% new
Entry-cohort mix of 1,298 holders: 913 (70%) are 2+ year veterans, 128 entered 1–2 years ago, and 257 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
63 of 1236 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DVN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DVN

In 2026 Q1, 678 hedge funds were net buyers of DVN (239 opened a new position, 439 added to an existing one), while 558 reduced or exited (433 trimmed, 125 sold completely) — a 55% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 46% of total institutional value in DVN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +114 funds (more new holders than closures). Total institutional holders: 1246.

Hedge Fund Ownership: DVN

How many hedge funds hold DVN — quarterly history vs. share price
Quarterly hedge fund ownership of DVN vs. share price

Market Analysis: DVN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DVN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Devon Energy Corp New (DVN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DVN has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
DVN
-14.8%
XLE
+61411.1%

DVN outperformed XLE by -61425.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
DVN
-13.3%
XLE
+50227.3%

Since the filing became public, DVN outperformed XLE by -50240.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

69 top-rated funds 11 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: DVN
1K + Investors

Track Smart Money conviction in DVN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1235 1132 9.1%
13F Shares 559M 519M 7.74%
Total Value $27.51B $18.98B 44.98%
New Positions 236 175 +61
Increased Positions 415 363 +52
Closed Positions 133 131 +2
Reduced Positions 418 445 -27
Total Calls 33 28 17.86%
Total Puts 28 28 -
PUT/CALL Ratio 0.85 1.0 Neutral

Statistics: DVN

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DVN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DVN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 EnCap Investments L.P. 59.03% 10,612,893 $534.0M
2 Drummond Knight Asset Management Pty Ltd 8.67% 487,349 $24.5M
3 GoodHaven Capital Management, LLC 7.97% 454,459 $22.9M
4 Nepsis Inc. 7.62% 452,403 $22.8M
5 SIR Capital Management, L.P. 4.85% 1,032,736 $52.0M
6 Hartree Partners, LP 4.64% 430,383 $21.7M
7 Rhl Group, LLC 4.33% 100,866 $5.1M
8 PKO BP BANKOWY Universal Pension Society JSC 4.18% 177,491 $8.9M
9 Egerton Capital (UK) LLP 3.64% 6,525,140 $328.3M
10 Eliot Finkel Investment Counsel, LLC 3.62% 132,170 $6.7M
11 Greatmark Investment Partners, INC. 3.50% 594,295 $29.9M
12 Speece Thorson Capital Group Inc 3.23% 281,631 $14.2M
13 Kerusso Capital Management LLC 3.21% 127,232 $6.4M
14 Bernzott Capital Advisors 2.95% 122,210 $6.1M
15 Shapiro Capital Management LLC 2.83% 899,603 $45.3M
16 Great Lakes Retirement, Inc. 2.41% 463,892 $23.3M
17 Hoertkorn Richard Charles 2.36% 57,185 $2.9M
18 Palouse Capital Management, Inc. 2.34% 70,235 $3.5M
19 Robinson Value Management, Ltd. 2.19% 78,149 $3.9M
20 Adams Natural Resources Fund, INC. 2.17% 372,400 $18.7M
21 Murphy Pohlad Asset Management LLC 2.08% 115,357 $5.8M
22 Contravisory Investment Management, INC. 2.02% 196,012 $9.9M
23 Teza Capital Management LLC 1.94% 10,549 $531K
24 Gunderson Capital Management LLC 1.88% 89,457 $4.5M
25 Pinnbrook Capital Management LP 1.84% 140,000 $7.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Devon Energy Corp New (DVN)

What does the Smart Money Trend signal show for DVN?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DVN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DVN?

Slight buying edge — 55% buying: Last quarter: 678 funds bought or added vs 558 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DVN holders?

Elite ownership — 46% AUM from top-100 funds: 63 of 1236 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DVN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DVN?

64% of holders stayed for 2+ years: 793 out of 1,246 hedge funds have held DVN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Devon Energy Corp New (DVN) following the 2026 Q1 hedge fund 13F filings?

As of today, DVN has moved -13.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +50227.3% for the XLE sector ETF — an outperformance of -50240.6%. Since the quarter end (March 31, 2026), DVN has gained -14.8% vs +61411.1% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →