We recently released a list 10 shares of billionaire Israeli English, with huge upward potential. In this article, we will explore the stock picks of Cenovus Energy Inc. (NYSE:CVE) with other billionaires Israeli Englishmen, with huge upside potential.
Millennium Management is a globally recognized investment company specializing in multi-strategy hedge fund products. The company was founded in 1989 by Israel A. Englander and Ronald Shear, initially founded with $35 million in capital, including $5 million donations from the Englishman and received additional investment from Canadian financier Belzberg Brothers. Although early struggles led to a six-month departure after the shear was founded, Millennium evolved into one of the largest and most successful alternative asset management companies. As of the end of 2024, it has more than $75.8 billion in managed assets.
Headquartered in New York, Millennium has expanded its operations worldwide, establishing 18 major offices in major financial hubs including London, Dubai, Singapore and Tokyo. The company adopts a platform-based investment approach, with approximately 330 independent investment teams running under a diversified model. These teams deploy various strategies in multiple asset classes, including stocks, fixed income, commodities and derivatives. Millennium’s core strategy focuses on basic equity research, stock arbitrage, macroeconomic-driven fixed income investment and commodity-based trading. Through this highly diverse data-driven model, the company aims to generate consistent high-quality returns while effectively managing risk in the global market.
Under the leadership of the Israeli English, he remains the driving force behind the company, and Millennium has cultivated a disciplined risk management framework and continuously improved its investment strategy. Englisher, a graduate of New York University, left his MBA program early to trade on the American Stock Exchange, utilizing his marketing and derivatives trading expertise to build a millennium into an institution powerhouse. His innovative approach emphasizes capital allocation to professional teams rather than direct investment decisions, thus facilitating a dynamic and competitive investment environment that attracts top talent from around the world. By 2011, Millennium managed approximately $13 billion in assets, and in recent years, Englander has explored opportunities to sell minority stakes in the company, indicating a move towards wider institutional ownership.
As of the fourth quarter of 2024, the Millennium Report said it owns $204.64 billion of 13F Securities, with its top ten holdings accounting for 15.5% of its portfolio. It has been ranking among the highest-grossing hedge funds, earning the fourth largest net gain for any hedge fund since its inception. The Millennium’s commitment to generating excellent risk-adjusted returns, maintaining a diversified investment approach, and embracing strategic innovation has earned it a huge reputation among institutional investors. With its extensive global influence, proven track record and disciplined investment philosophy, Millennium Management continues to be the main force in the global hedge fund industry.
In this article, we searched Millennium Management's 4th quarter 2024 13F file to determine the highest upside potential for billionaire Israeli English. According to analyst ratings, we have upside potential for stocks above 33%, and discuss why they are good potential investments. Finally, we rank stocks according to the rising order of their upward potential. To help readers provide more environments, we use data from 1,009 hedge funds tracked in the fourth quarter of 2024 with Insider Monkey refer to hedge fund sentiment around each stock.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our quarterly newsletter strategy selects 14 small and large stocks every quarter, returning 363.5% since May 2014, exceeding 208 percentage points (See more details here).
The offshore tanker fleet represents a global scope of crude oil suppliers.
Number of hedge fund holders as of the fourth quarter
Millennium Management Equity: US$447.08 million
As of April 26: 58.28% upward potential
Cenovus Energy Inc. (NYSE:CVE) is a Canadian oil and gas company based in Calgary, Alberta, which operates its offices in Brookfield Square. The company continues to show strong operational and financial performance in its upstream and downstream businesses.
In the fourth quarter of 2024, Cenovus Energy Inc. (NYSE:CVE) generated more than $2 billion in cash from operating activities, $1.6 billion in adjusted fund traffic and $123 million in free fund traffic. The upstream segment maintained strong performance, achieving 816,000 barrels of oil volume (BOE/d) per day, including a new quarterly oil sand production record of 628,500 BOE/d. On the downstream side, total coarse throughput increased by nearly 24,000 barrels per day from the previous quarter to 666,700 barrels per day, reflecting a 93% total utilization rate. However, total revenue in the fourth quarter was $12.8 billion, down from $13.8 billion in the previous quarter, mainly due to lower commodity prices. Compared with the third quarter, upstream revenue was stable at $7.3 billion, while downstream revenue fell from $8.8 billion to $7.8 billion.
During the full year of 2024, Cenovus Energy Inc. (NYSE:CVE) reported a total revenue of $54.3 billion and a turnover of $10.8 billion, compared with a revenue of $52.2 billion and an operating margin of 2023, with higher annual revenue growth and higher productivity. Trans Mountain Pipeline extension project. However, operating margins fell slightly due to poor downstream cracks, higher turnover costs and increased transportation and mixing costs. Despite these challenges, Cenovus Energy's operational achievements and strategic infrastructure development continue to consolidate its strong position in North America's energy sector.
Overall, CVE Ranked third There is huge upside potential in the stock picks of our billionaire Israeli English. Although we acknowledge the potential of these stock options, our belief is that AI stocks have higher returns and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than CVE but have less than 5 times its earnings, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.