Baytex Energy

BTE • NYSE

Baytex Energy is a oil & gas exploration & production company in the energy sector on NYSE, led by Edward D. LaFehr, with a market cap of $2.3B. As of Q3 2025, 28% of shares are held by 134 institutional investors, with VANGUARD GROUP INC as the largest holder at 3.78%.

Chief Executive OfficerEdward D. LaFehr

Market Cap$2.3B

Oil & Gas Exploration & Production

Energy

Websitebaytexenergy.com

Overview

Overview of institutional ownership in BTE as of Q3 2025 with a market cap of $1.8B

All Institutions

Institutions: 134
Value Held: $508.7M
Shares Held: 217.1M
Avg Position: $3.8M
Median Position: $292.2K

Hedge Funds

Hedge Funds: 11
Value Held: $88.0M
Shares Held: 37.6M
Avg Position: $8.0M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

23.4%

$420.7M

Hedge Funds

4.89%

$88.0M

Retail & Other

71.71%

$1.3B

Based on market cap of $1.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BTE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$68.1M 0.00% of portfolio	3.78% 29.1M shares	Q1 2023 Held for 2y 8m	$6.69T
D D. E. Shaw & Co., Inc. Institution	-	$40.9M 0.04% of portfolio	2.27% 17.5M shares	Q1 2023 Held for 2y 8m	$115.81B
C CIBC World Markets Inc. Institution	-	$40.2M 0.08% of portfolio	2.23% 17.2M shares	Q1 2023 Held for 2y 8m	$48.7B
A AMERICAN CENTURY COMPANIES INC Institution	-	$33.3M 0.02% of portfolio	1.85% 14.2M shares	Q1 2023 Held for 2y 8m	$195.93B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$31.5M 0.03% of portfolio	1.75% 13.5M shares	Q1 2023 Held for 2y 8m	$121.98B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	Scott Hoy Mcbride CEO	$29.4M 0.09% of portfolio	1.64% 12.6M shares	Q2 2023 Held for 2y 5m	$32.2B
R ROYAL BANK OF CANADA Institution	-	$28.5M 0.01% of portfolio	1.58% 12.2M shares	Q1 2023 Held for 2y 8m	$542.04B
Webs Creek Capital Management LP Hedge Fund•Long/Short	Michael Stephen Thomas Founder	$25.8M 5.22% of portfolio	1.44% 11.0M shares	Q3 2025 Held for 2 months	$494.4M
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$23.8M 0.01% of portfolio	1.32% 10.2M shares	Q1 2023 Held for 2y 8m	$317.45B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$21.5M 0.03% of portfolio	1.20% 9.2M shares	Q1 2023 Held for 2y 8m	$75.8B

Net Capital Flow

Institutional buying and selling activity for BTE in Q3 2025

Traded: −$22.2M
Buyers: 59
Sellers: 62
Total Bought: +$97.1M
Total Sold: −$119.3M
Avg Position: $3.3M

Biggest Buyers

Institution	Net Bought	Current Position
Webs Creek Capital Management LP Hedge Fund•Long/Short	+$25.8M +11.0M shares	$25.8M 11.0M shares
C Canoe Financial LP Institution	+$19.5M +8.3M shares	$19.5M 8.3M shares
R ROYAL BANK OF CANADA Institution	+$10.0M +4.3M shares	$28.5M 12.2M shares
Q Quadrature Capital Ltd Institution	+$5.9M +2.5M shares	$6.7M 2.9M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$5.6M +2.4M shares	$33.3M 14.2M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$5.0M +2.1M shares	$5.0M 2.1M shares
T TD ASSET MANAGEMENT INC Institution	+$3.9M +1.7M shares	$8.7M 3.7M shares
UBS Group AG Institution	+$3.4M +1.5M shares	$12.0M 5.1M shares
BANK OF MONTREAL /CAN/ Institution	+$3.1M +1.3M shares	$8.6M 3.7M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$2.6M +1.1M shares	$2.6M 1.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$22.5M −9.6M shares	$21.5M 9.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$16.1M −6.9M shares	$31.5M 13.5M shares
GOLDMAN SACHS GROUP INC Institution	−$14.7M −6.3M shares	$8.5M 3.7M shares
BANK OF AMERICA CORP /DE/ Institution	−$11.3M −4.8M shares	$3.3M 1.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$10.2M −5.7M shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$6.9M −3.9M shares	Sold Off 0 shares
R ROYCE & ASSOCIATES LLC Institution	−$5.1M −2.8M shares	Sold Off 0 shares
FMR LLC Institution	−$4.2M −2.3M shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$3.7M −1.6M shares	$1.9M 819.0K shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$2.4M −1.0M shares	$3.3M 1.4M shares

Entry and Exit Activity

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

New Positions: 5
New Value: $19.7M
Exited Positions: 19
Exited Value: $29.9M

New Positions

Institution	Position Value
C Canoe Financial LP Institution	$19.5M 8.3M shares
U United Capital Management of KS, Inc. Institution	$210.6K 90.0K shares
R Squared Ltd Private Equity	$30.6K 13.1K shares
Spire Wealth Management RIA/Wealth	$1.8K 790.0 shares
Bell Investment Advisors, Inc RIA/Wealth	$536.0 229.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.2M 5.7M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$6.9M 3.9M shares
R ROYCE & ASSOCIATES LLC Institution	$5.1M 2.8M shares
FMR LLC Institution	$4.2M 2.3M shares
A AXA Institution	$2.0M 1.1M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$826.1K 461.5K shares
M Man Group plc Institution	$391.5K 218.7K shares
T TWO SIGMA SECURITIES, LLC Institution	$111.7K 62.4K shares
Atom Investors LP Hedge Fund•Market Neutral	$62.0K 34.6K shares
D Dynamic Technology Lab Private Ltd Institution	$55.9K 31.2K shares

Options Activity

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

Call Positions: 7
Call Value: $1.2M
Put Positions: 6
Put Value: $4.5M

Call Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$374.4K 1.6K contracts
S SIG North Trading, ULC Institution	$358.3K 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$210.6K 900.0 contracts
J JANE STREET GROUP, LLC Institution	$137.1K 586.0 contracts
W WOLVERINE TRADING, LLC Institution	$53.0K 218.0 contracts
P PEAK6 LLC Institution	$24.6K 105.0 contracts
TORONTO DOMINION BANK Institution	$11.7K 50.0 contracts

Put Positions

Institution	Position Value
BANK OF MONTREAL /CAN/ Institution	$3.7M 16.0K contracts
S SIG North Trading, ULC Institution	$505.0K 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$142.5K 609.0 contracts
R ROYAL BANK OF CANADA Institution	$117.0K 500.0 contracts
TORONTO DOMINION BANK Institution	$20.8K 89.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Webs Creek Capital Management LP Hedge Fund•Long/Short	Michael Stephen Thomas Founder	5.22% $25.8M	1.44% 11.0M shares	Q3 2025 Held for 2 months	$494.4M
C CoreCommodity Management, LLC Hedge Fund•Global Macro	Bradford L Klein President	0.56% $3.1M	0.17% 1.3M shares	Q1 2023 Held for 2y 8m	$551.0M
C Canoe Financial LP Institution	-	0.28% $19.5M	1.08% 8.3M shares	Q3 2025 Held for 2 months	$6.9B
S SIG North Trading, ULC Institution	-	0.23% $1.5M	0.08% 643.2K shares	Q1 2024 Held for 1y 8m	$648.8M
X-Square Capital, LLC Long Only Manager	Ignacio Manuel Canto President	0.23% $692.0K	0.04% 295.7K shares	Q1 2023 Held for 2y 8m	$306.2M
INTACT INVESTMENT MANAGEMENT INC. Private Equity	Edward Joseph Keefe CFO	0.20% $6.6M	0.37% 2.8M shares	Q1 2023 Held for 2y 8m	$3.3B
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.19% $1.3M	0.07% 561.5K shares	Q4 2024 Held for 11 months	$707.9M
P PORTLAND INVESTMENT COUNSEL INC. Institution	-	0.18% $655.8K	0.04% 280.3K shares	Q1 2023 Held for 2y 8m	$363.9M
M MONTGOMERY INVESTMENT MANAGEMENT INC RIA/Wealth	Calvin Scott Koonce Chairman	0.12% $349.8K	0.02% 149.5K shares	Q2 2023 Held for 2y 5m	$285.8M
VAN DEN BERG MANAGEMENT INC/TX RIA/Wealth	Arnold Van Den Berg Chairman	0.11% $420.9K	0.02% 179.9K shares	Q2 2023 Held for 2y 5m	$399.2M

Hedge Fund Spotlight

Discover hedge funds investing in BTE

CoreCommodity Management, LLC

Hedge Fund • Global Macro

Portfolio ManagerBradford L Klein

Portfolio Value: $551.0M
Positions: 127
Last Reported: Q3 2025

Sector Allocation

Position in Baytex Energy

Market Value: $3.1M
Shares Held: 1.3M
Portfolio Weight: 0.56%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 CCNR Financial Investors Trust ALPS/CoreCommodity Natural Resources ETF CCNR	Unknown Unknown	$357.5M	64.88%
2 Hudbay Minerals HBM	Copper Basic Materials	$6.6M	1.20%
3 CNH Industrial N.V. CNH	Agricultural - Machinery Industrials	$5.4M	0.98%

View full profile

Baytex Energy

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Baytex Energy

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