Ray Dalio's CVE Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 91,078 shares of Cenovus Energy Inc. (CVE) worth $1.54 M, representing 0.01% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 48 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in CVE, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2024, adding 2.03 M shares. Largest reduction occurred in Q1 2023, reducing 886,931 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Cenovus Energy (CVE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cenovus Energy (CVE) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +341,500 | Add 0.00% | 341,500 | $28.44 |
| Q3 2013 | -76,500 | Reduce 22.40% | 265,000 | $29.91 |
| Q4 2013 | +1,100 | Add 0.42% | 266,100 | $28.61 |
| Q1 2014 | -24,100 | Reduce 9.06% | 242,000 | $28.97 |
| Q2 2014 | +61,300 | Add 25.33% | 303,300 | $32.47 |
| Q3 2014 | -102,800 | Reduce 33.89% | 200,500 | $26.96 |
| Q4 2014 | -17,800 | Reduce 8.88% | 182,700 | $20.70 |
| Q1 2015 | +29,200 | Add 15.98% | 211,900 | $16.85 |
| Q2 2015 | +263,500 | Add 124.35% | 475,400 | $16.00 |
| Q3 2015 | -257,100 | Reduce 54.08% | 218,300 | $15.10 |
| Q4 2015 | +44,900 | Add 20.57% | 263,200 | $12.60 |
| Q1 2016 | +3,100 | Add 1.18% | 266,300 | $13.06 |
| Q2 2016 | +151,900 | Add 57.04% | 418,200 | $13.76 |
| Q3 2016 | +89,097 | Add 21.30% | 507,297 | $14.33 |
| Q4 2016 | +12,000 | Add 2.37% | 519,297 | $15.14 |
| Q1 2017 | -297,810 | Reduce 57.35% | 221,487 | $11.28 |
| Q2 2017 | -3,857 | Reduce 1.74% | 217,630 | $7.36 |
| Q3 2017 | -854 | Reduce 0.39% | 216,776 | $10.00 |
| Q4 2017 | -84,809 | Reduce 39.12% | 131,967 | $9.16 |
| Q1 2018 | -2,688 | Reduce 2.04% | 129,279 | $8.51 |
| Q2 2018 | +305,555 | Add 236.35% | 434,834 | $10.38 |
| Q3 2018 | +71,349 | Add 16.41% | 506,183 | $10.03 |
| Q4 2018 | -81,379 | Reduce 16.08% | 424,804 | $7.03 |
| Q1 2019 | -77,733 | Reduce 18.30% | 347,071 | $8.68 |
| Q2 2019 | +64,750 | Add 18.66% | 411,821 | $8.84 |
| Q3 2019 | -8,540 | Reduce 2.07% | 403,281 | $9.39 |
| Q4 2019 | +5,194 | Add 1.29% | 408,475 | $10.18 |
| Q1 2020 | -9,660 | Reduce 2.36% | 398,815 | $2.00 |
| Q2 2020 | -398,815 | Sold Out | 0 | $0.00 |
| Q4 2020 | +22,520 | New Buy | 22,520 | $6.08 |
| Q1 2021 | +48,322 | Add 214.57% | 70,842 | $7.51 |
| Q3 2021 | +139,145 | Add 196.42% | 209,987 | $10.08 |
| Q4 2021 | +40,571 | Add 19.32% | 250,558 | $12.28 |
| Q1 2022 | +306,986 | Add 122.52% | 557,544 | $16.68 |
| Q2 2022 | +1.41 M | Add 253.18% | 1.97 M | $18.99 |
| Q3 2022 | +148,947 | Add 7.56% | 2.12 M | $15.44 |
| Q4 2022 | -763,651 | Reduce 36.05% | 1.35 M | $19.39 |
| Q1 2023 | -886,931 | Reduce 65.48% | 467,492 | $17.42 |
| Q2 2023 | -73,918 | Reduce 15.81% | 393,574 | $17.00 |
| Q3 2023 | -379,916 | Reduce 96.53% | 13,658 | $20.92 |
| Q4 2023 | -13,658 | Sold Out | 0 | $0.00 |
| Q3 2024 | +2.03 M | New Buy | 2.03 M | $16.74 |
| Q4 2024 | -798,936 | Reduce 39.35% | 1.23 M | $15.15 |
| Q1 2025 | -428,382 | Reduce 34.79% | 803,018 | $13.90 |
| Q2 2025 | -803,018 | Sold Out | 0 | $0.00 |
| Q3 2025 | +95,782 | New Buy | 95,782 | $16.98 |
| Q4 2025 | -4,704 | Reduce 4.91% | 91,078 | $16.94 |
Ray Dalio's Cenovus Energy Investment FAQs
Ray Dalio first purchased Cenovus Energy Inc. (CVE) in Q2 2013, acquiring 341,500 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Cenovus Energy Inc. (CVE) for 48 quarters since Q2 2013.
Ray Dalio's largest addition to Cenovus Energy Inc. (CVE) was in Q3 2024, adding 2,030,336 shares worth $34 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 91,078 shares of Cenovus Energy Inc. (CVE), valued at approximately $1.54 M.
As of the Q4 2025 filing, Cenovus Energy Inc. (CVE) represents approximately 0.01% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Cenovus Energy Inc. (CVE) was 2,118,074 shares, as reported at the end of Q3 2022.