Institutional investors increase stakes in Devon Energy and Steel Dynamics

Gunderson Capital Management LLC filed a 13F report showing it bought 89,457 shares of Devon Energy Corporation, valued at about $4.5 million, making the stock its 28th largest holding at roughly 1.9% of the fund’s portfolio. The filing also noted recent activity by other hedge funds in Devon Energy, including position increases by Adams Natural Resources Fund, Fruth Investment Management, Wealth Effects LLC, Corecam AG, and SmartHarvest Portfolios.

OP Asset Management Ltd disclosed a new position of 14,265 shares of Steel Dynamics, Inc., worth approximately $2.6 million, in its first‑quarter 13F filing. The report highlighted similar recent moves by large investors such as Life Cycle Investment Partners, Norges Bank, Boston Partners, HSBC Holdings, and Qube Research & Technologies, as well as insider sales by senior executives.

Both filings illustrate continued interest from institutional investors in U.S. energy and basic‑materials companies during the quarter.