Battalion Oil

BATL • AMEX

Battalion Oil is a oil & gas exploration & production company in the energy sector on AMEX, led by Matthew B. Steele, with a market cap of $18.8M. As of Q3 2025, 76% of shares are held by 27 institutional investors, with LUMINUS MANAGEMENT LLC as the largest holder at 37.38%.

Chief Executive OfficerMatthew B. Steele

Market Cap$18.8M

Oil & Gas Exploration & Production

Energy

Employees38.0

Websitebattalionoil.com

Country

United States of America

Overview

Overview of institutional ownership in BATL as of Q3 2025 with a market cap of $19.9M

All Institutions

Institutions: 27
Value Held: $15.1M
Shares Held: 12.4M
Avg Position: $557.5K
Median Position: $19.5K

Hedge Funds

Hedge Funds: 5
Value Held: $11.2M
Shares Held: 9.3M
Avg Position: $2.2M
Median Position: $57.0K

Ownership Breakdown

Institutional (non-HF)

19.28%

$3.8M

Hedge Funds

56.32%

$11.2M

Retail & Other

24.41%

$4.9M

Based on market cap of $19.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BATL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
LUMINUS MANAGEMENT LLC Hedge Fund•Sector	Jonathan Dan Barrett CEO	$7.4M 6.71% of portfolio	37.38% 6.2M shares	Q1 2020 Held for 5y 8m	$110.9M
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	$3.6M 0.08% of portfolio	18.31% 3.0M shares	Q1 2020 Held for 5y 8m	$4.7B
L LSP Investment Advisors, LLC Institution	-	$2.9M 1.72% of portfolio	14.40% 2.4M shares	Q1 2020 Held for 5y 8m	$166.4M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$335.3K 0.00% of portfolio	1.68% 277.1K shares	Q2 2020 Held for 5y 5m	$6.69T
LOOMIS SAYLES & CO L P Long Only Manager	Kevin Patrick Charleston CEO	$164.8K 0.00% of portfolio	0.83% 136.2K shares	Q1 2020 Held for 5y 8m	$83.7B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$159.6K 0.00% of portfolio	0.80% 131.9K shares	Q1 2020 Held for 5y 8m	$1.65T
G GAM Holding AG Institution	-	$139.2K 0.01% of portfolio	0.70% 115.0K shares	Q2 2025 Held for 5 months	$1.6B
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	Bruce Mitchell Kallins President	$57.0K 0.02% of portfolio	0.29% 47.1K shares	Q1 2024 Held for 1y 8m	$243.3M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$52.2K 0.00% of portfolio	0.26% 43.1K shares	Q1 2021 Held for 4y 8m	$1.57T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$42.6K 0.00% of portfolio	0.21% 35.2K shares	Q2 2025 Held for 5 months	$122.08B

Net Capital Flow

Institutional buying and selling activity for BATL in Q3 2025

Traded: −$84.5K
Buyers: 11
Sellers: 9
Total Bought: +$85.1K
Total Sold: −$169.5K
Avg Position: $485.6K

Biggest Buyers

Institution	Net Bought	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$24.4K +20.2K shares	$24.4K 20.2K shares
X XTX Topco Ltd Institution	+$21.9K +18.1K shares	$21.9K 18.1K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$19.5K +16.1K shares	$19.5K 16.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$12.3K +10.2K shares	$42.6K 35.2K shares
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	+$4.7K +3.9K shares	$3.6M 3.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$1.4K +1.2K shares	$52.2K 43.1K shares
T Tower Research Capital LLC Institution	+$647.3 +535.0 shares	$801.0 662.0 shares
UBS Group AG Institution	+$61.0 +-4.2K shares	$61.0 50.0 shares
BANK OF AMERICA CORP /DE/ Institution	+$39.0 +32.0 shares	$89.0 73.0 shares
GOLDMAN SACHS GROUP INC Institution	+$30.2 +25.0 shares	$16.2K 13.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
LOOMIS SAYLES & CO L P Long Only Manager	−$118.2K −97.7K shares	$164.8K 136.2K shares
V Virtu Financial LLC Institution	−$27.3K −21.1K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$18.0K −14.0K shares	Sold Off 0 shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$5.6K −4.6K shares	$17.9K 14.8K shares
VANGUARD GROUP INC Institution	−$242.0 −200.0 shares	$335.3K 277.1K shares
R ROYAL BANK OF CANADA Institution	−$145.2 −120.0 shares	$4.0K 3.3K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	−$21.6 −18.0 shares	$12.0 10.0 shares
S SBI Securities Co., Ltd. Institution	−$12.0 −9.0 shares	Sold Off 0 shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$8.5 −7.0 shares	$116.0 96.0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BATL in Q3 2025

New Positions: 1
New Value: $24.4K
Exited Positions: 3
Exited Value: $45.3K

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$24.4K 20.2K shares

Exited Positions

Institution	Previous Position
V Virtu Financial LLC Institution	$27.3K 21.1K shares
H HRT FINANCIAL LLC Institution	$18.0K 14.0K shares
S SBI Securities Co., Ltd. Institution	$12.0 9.0 shares

Options Activity

Institutions with the largest Call and Put options positions in BATL as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BATL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LUMINUS MANAGEMENT LLC Hedge Fund•Sector	Jonathan Dan Barrett CEO	6.71% $7.4M	37.38% 6.2M shares	Q1 2020 Held for 5y 8m	$110.9M
L LSP Investment Advisors, LLC Institution	-	1.72% $2.9M	14.40% 2.4M shares	Q1 2020 Held for 5y 8m	$166.4M
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	0.08% $3.6M	18.31% 3.0M shares	Q1 2020 Held for 5y 8m	$4.7B
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	Bruce Mitchell Kallins President	0.02% $57.0K	0.29% 47.1K shares	Q1 2024 Held for 1y 8m	$243.3M
G GAM Holding AG Institution	-	0.01% $139.2K	0.70% 115.0K shares	Q2 2025 Held for 5 months	$1.6B
X XTX Topco Ltd Institution	-	0.00% $21.9K	0.11% 18.1K shares	Q4 2024 Held for 11 months	$1.9B
R RBF Capital, LLC Institution	-	0.00% $24.2K	0.12% 20.0K shares	Q2 2023 Held for 2y 5m	$2.2B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.00% $19.5K	0.10% 16.1K shares	Q3 2025 Held for 2 months	$4.7B
NYL Investors LLC Insurance Manager	Anthony Ramsey Malloy CEO	0.00% $711.0	0.00% 588.0 shares	Q1 2020 Held for 5y 8m	$290.9M
LOOMIS SAYLES & CO L P Long Only Manager	Kevin Patrick Charleston CEO	0.00% $164.8K	0.83% 136.2K shares	Q1 2020 Held for 5y 8m	$83.7B

Hedge Fund Spotlight

Discover hedge funds investing in BATL

LUMINUS MANAGEMENT LLC

Hedge Fund • Sector

Portfolio ManagerJonathan Dan Barrett

Portfolio Value: $110.9M
Positions: 18
Last Reported: Q3 2025

Sector Allocation

Position in Battalion Oil

Market Value: $7.4M
Shares Held: 6.2M
Portfolio Weight: 6.71%
Owned Since: 2020-Q1

Top Holding	Sector	Market Value	Weight
1 Chemours CC	Chemicals - Specialty Basic Materials	$28.0M	25.21%
2 O-I Glass OI	Packaging & Containers Consumer Cyclical	$26.5M	23.92%
3 Sealed Air SEE	Packaging & Containers Consumer Cyclical	$17.6M	15.91%