Board of Pension Protection Fund Reduces Stake in Devon Energy

The institutional investor cut its holdings in the energy company by 95.2% during the fourth quarter.

Mar. 21, 2026 at 7:44am

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According to a recent 13F filing, the Board of the Pension Protection Fund reduced its position in Devon Energy Corporation (NYSE:DVN) by 95.2% during the fourth quarter. The institutional investor owned 1,200 shares of the energy company's stock worth $44,000 at the end of the quarter, down from 23,800 shares previously.

Why it matters

This filing provides insight into the investment decisions of the Pension Protection Fund, a major institutional investor. The significant reduction in their Devon Energy holdings suggests a shift in their portfolio strategy or outlook on the energy sector.

The details

The Board of the Pension Protection Fund sold 23,800 shares of Devon Energy during the fourth quarter, leaving them with just 1,200 shares worth $44,000. This represents a 95.2% decrease in their position in the energy company.

  • The filing covers the fourth quarter of the year.

The players

Board of the Pension Protection Fund

An institutional investor that manages a pension fund.

Devon Energy Corporation

An independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma.

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The takeaway

The significant reduction in the Pension Protection Fund's Devon Energy holdings indicates a potential shift in their investment strategy or outlook on the energy sector. This filing provides insight into the portfolio decisions of a major institutional investor.