DAVENPORT 13F: Adds $45M to Cameco (CCJ) Stake

Davenport significantly expanded its investment in Cameco Corporation (NYSE: CCJ), lifting its holdings by 3,778.9% during the period, according to a Form 13F filing disclosed on October 14, 2026. 13F filings are backward-looking reports submitted to the SEC that show institutional holdings at the close of a quarter, meaning this update reflects past positioning and may not capture the fund's current trades today.

What Changed in Davenport's Cameco Position

Davenport added 519,373 shares of the uranium supplier to its portfolio, growing its total stake from 13,744 shares up to 533,117 shares. The filing placed the total value of Davenport's holdings in the company at approximately $46.2 million.

Other Institutional Activity in Cameco

Other large money managers also adjusted their positions in the uranium producer ahead of the filing. Mirae Asset Global ETFs Holdings Ltd. grew its holdings by 176,793 shares, ending with 15,550,064 shares worth about $1.27 billion. Capital World Investors added 102,125 shares, bringing its stake to 13,365,064 shares valued at roughly $1.09 billion. Vanguard Capital Management LLC added 154,201 shares, growing its holdings about 1.3% to 12,015,804 shares worth around $979.5 million. Royal Bank of Canada lifted its position by 1,311,236 shares, or 13.7%, to total 10,910,330 shares valued at about $889.4 million. Meanwhile, FIL LTD trimmed its stake by 460,702 shares, or 5.2%, leaving it with 8,433,160 shares worth roughly $687.5 million.

Cameco Corporation Stock Down 0.4%

Cameco shares recently traded around $81.16 as of October 16, 2026. The stock sits near its 52-week low of $77.70, well below its 52-week high of $135.24. The company has a market capitalization of roughly $36.25 billion.

Recent Earnings

For its trailing twelve months, Cameco generated $3.47 billion in revenue and reported earnings of $0.59 per share. The company posted a net margin of 10.2% alongside a return on equity of 5.1%. Investors look toward the company's next earnings report on October 30, 2026, for fresh details on operational performance.

Dividend

Cameco offers an annual dividend yielding 0.21%, supported by a dividend payout ratio of 29.6%.

Analysts Set New Price Targets

Wall Street firms have actively updated their outlooks on the stock in recent months. On July 9, 2026, B of A Securities maintained a Buy rating while lowering its price target from $143.00 to $140.00. Truist Securities initiated coverage on July 14, 2026, with a Buy rating and a $129.00 price target. Barclays maintained an Equal-Weight rating on July 16, 2026, trimming its target from $108.00 to $104.00, and followed up on August 4, 2026, by lowering the target further to $97.00. Truist Securities later maintained a Buy rating on August 12, 2026, lifting its target from $129.00 to $130.00. Overall, the stock carries a consensus Buy rating from 11 analysts, with a mean price target of $127.82.

About Cameco Corporation

Headquartered in Saskatoon, Saskatchewan, Cameco Corporation supplies uranium to generate electricity for utilities across the Americas, Europe, and Asia. The company mines, refines, and converts uranium while also managing fuel services. Davenport's expanded stake highlights institutional interest in the nuclear fuel supplier as it navigates shifting energy markets.

Bottom Line

Investors tracking Davenport's moves will want to watch Cameco's upcoming earnings release on October 30, 2026. Because 13F filings look backward at past quarters, subsequent regulatory filings will provide a clearer picture of whether the fund maintains this large position.