Y-Intercept (Hong Kong) 13F: Exits Suncor Energy (SU) Stake

Y-Intercept (Hong Kong) has completely sold its position in Suncor Energy Inc. (NYSE: SU) in a filing on October 16, 2026. The fund cut its stake by 358,732 shares, leaving it with no shares after the sale. This was a full exit from the position, indicating a significant portfolio shift for Y-Intercept.

What Changed in Y-Intercept's Suncor Energy Position

Y-Intercept sold out of its Suncor Energy stake, reducing its holdings from 358,732 shares to 0 shares. This move reflects a complete withdrawal from the investment.

Other Institutional Activity in Suncor Energy

Several other institutions have made adjustments to their positions in Suncor Energy. The Royal Bank of Canada increased its holdings by 2,510,216 shares, bringing its total to 66,546,344 shares valued at about $5.19 billion. The Bank of Montreal also raised its stake, adding 6,109,429 shares for a new total of 42,583,631 shares worth around $3.32 billion. In contrast, Elliott Investment Management trimmed its holdings, selling 23,217,674 shares to end up with 29,454,000 shares valued at about $2.30 billion.

Suncor Energy Inc. Stock Up 2.6%

Suncor Energy is trading recently around $77.58, which is up about 13.9% above its 50-day moving average and 25.8% above its 200-day average. However, it remains below its 52-week high of $79.65, indicating that there could be potential for movement in the coming weeks.

Recent Earnings

In its last earnings report, Suncor posted total revenue of approximately $56.6 billion and an EPS of $5.42. The company also reported a net margin of 15.8% and a return on equity of 19.3%. Investors will be looking for updates when Suncor announces its next earnings on November 3, 2026.

About Suncor Energy

Suncor Energy Inc. is an integrated energy company primarily operating in Canada and the U.S. It focuses on producing bitumen and managing crude oil, power, and byproducts through its various segments, including Oil Sands and Refining.

Bottom Line

The complete exit from Suncor Energy by Y-Intercept indicates a shift in strategy for the fund. As Suncor prepares for its next earnings report on November 3, 2026, market watchers will be keen to see how the stock performs in the coming weeks, especially given its relatively strong trading levels. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.