Vermilion Energy

VET • NYSE

Vermilion Energy is a oil & gas exploration & production company in the energy sector on NYSE, led by Curtis Hicks, with a market cap of $1.3B. As of Q3 2025, 43% of shares are held by 126 institutional investors, with MILLENNIUM MANAGEMENT LLC as the largest holder at 5.33%.

Interim CEOCurtis Hicks

Market Cap$1.3B

Oil & Gas Exploration & Production

Energy

Employees740.0

Websitevermilionenergy.com

Overview

Overview of institutional ownership in VET as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 126
Value Held: $523.3M
Shares Held: 66.9M
Avg Position: $4.2M
Median Position: $767.4K

Hedge Funds

Hedge Funds: 19
Value Held: $96.5M
Shares Held: 12.3M
Avg Position: $5.1M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

35.43%

$426.8M

Hedge Funds

8.01%

$96.5M

Retail & Other

56.55%

$681.1M

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VET as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$64.2M 0.05% of portfolio	5.33% 8.2M shares	Q2 2021 Held for 4y 5m	$121.98B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$58.7M 0.01% of portfolio	4.88% 7.5M shares	Q3 2022 Held for 3y 2m	$433.11B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$52.0M 0.00% of portfolio	4.32% 6.7M shares	Q1 2015 Held for 10y 8m	$6.69T
A AMERICAN CENTURY COMPANIES INC Institution	-	$30.2M 0.02% of portfolio	2.51% 3.9M shares	Q1 2020 Held for 5y 8m	$195.93B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$25.3M 0.00% of portfolio	2.10% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$24.3M 0.01% of portfolio	2.01% 3.1M shares	Q3 2013 Held for 12y 2m	$466.32B
L LM Asset Inc. Institution	-	$23.0M 17.86% of portfolio	1.91% 2.9M shares	Q4 2024 Held for 11 months	$128.6M
UBS Group AG Institution	Sergio P. Ermotti CEO	$20.0M 0.00% of portfolio	1.66% 2.6M shares	Q4 2014 Held for 10y 11m	$511.54B
BANK OF NOVA SCOTIA / Institution	Scott Thomson CEO	$17.5M 0.03% of portfolio	1.46% 2.2M shares	Q1 2013 Held for 12y 8m	$56.3B
R ROYAL BANK OF CANADA Institution	-	$16.4M 0.00% of portfolio	1.37% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for VET in Q3 2025

Traded: −$9.5M
Buyers: 67
Sellers: 67
Total Bought: +$51.1M
Total Sold: −$60.6M
Avg Position: $3.6M

Biggest Buyers

Institution	Net Bought	Current Position
AMERIPRISE FINANCIAL INC Institution	+$10.9M +1.4M shares	$58.7M 7.5M shares
MORGAN STANLEY RIA/Wealth	+$6.2M +797.3K shares	$25.3M 3.2M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$4.9M +631.7K shares	$30.2M 3.9M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.8M +359.9K shares	$64.2M 8.2M shares
AEGIS FINANCIAL CORP Long Only Manager	+$2.7M +350.0K shares	$6.8M 870.5K shares
D D. E. Shaw & Co., Inc. Institution	+$2.0M +258.9K shares	$2.7M 348.0K shares
F Fort Hoosac Management, LLC Hedge Fund•Multi-Strategy	+$2.0M +250.2K shares	$2.0M 250.2K shares
VANGUARD GROUP INC Institution	+$1.7M +222.3K shares	$52.0M 6.7M shares
Q Quadrature Capital Ltd Institution	+$1.3M +170.7K shares	$1.3M 170.7K shares
AIGEN INVESTMENT MANAGEMENT, LP Hedge Fund•Long/Short	+$1.2M +113.8K shares	$1.2M 113.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$21.0M −2.7M shares	$4.0M 507.4K shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$4.7M −596.1K shares	$10.8M 1.4M shares
UBS Group AG Institution	−$3.9M −499.0K shares	$20.0M 2.6M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$3.3M −424.6K shares	$6.7M 861.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$2.7M −346.6K shares	$4.4M 566.6K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$2.5M −342.8K shares	Sold Off 0 shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$2.1M −272.2K shares	$4.5M 575.1K shares
G GROUP ONE TRADING, L.P. Institution	−$2.0M −281.3K shares	Sold Off 0 shares
L LINCLUDEN MANAGEMENT LTD Institution	−$2.0M −278.5K shares	Sold Off 0 shares
C CoreCommodity Management, LLC Hedge Fund•Global Macro	−$1.8M −234.0K shares	$760.4K 97.5K shares

Entry and Exit Activity

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

New Positions: 3
New Value: $937.7K
Exited Positions: 21
Exited Value: $10.3M

New Positions

Institution	Position Value
Voleon Capital Management LP Hedge Fund•Quant	$786.3K 100.6K shares
V Vise Technologies, Inc. Institution	$151.3K 19.3K shares
Bear Mountain Capital, Inc. Fund of Funds	$130.0 18.0 shares

Exited Positions

Institution	Previous Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$2.5M 342.8K shares
G GROUP ONE TRADING, L.P. Institution	$2.0M 281.3K shares
L LINCLUDEN MANAGEMENT LTD Institution	$2.0M 278.5K shares
S SIMPLEX TRADING, LLC Institution	$886.3K 121.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$644.1K 88.5K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$600.8K 82.3K shares
OPPENHEIMER & CO INC RIA/Wealth	$511.5K 70.3K shares
Y Y-Intercept Ltd Institution	$314.8K 43.2K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$240.3K 33.0K shares
Arete Wealth Advisors, LLC RIA/Wealth	$126.9K 17.4K shares

Options Activity

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

Call Positions: 11
Call Value: $11.3M
Put Positions: 11
Put Value: $13.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.4M 5.6K contracts
D D. E. Shaw & Co., Inc. Institution	$2.1M 2.7K contracts
W WOLVERINE TRADING, LLC Institution	$2.0M 2.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 1.7K contracts
S SIG North Trading, ULC Institution	$666.3K 852.0 contracts
J JANE STREET GROUP, LLC Institution	$309.2K 396.0 contracts
TORONTO DOMINION BANK Institution	$293.6K 376.0 contracts
Brooklands Fund Management Ltd Hedge Fund•Multi-Strategy	$134.5K 170.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
S SIG North Trading, ULC Institution	$3.9M 5.0K contracts
D D. E. Shaw & Co., Inc. Institution	$3.8M 4.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 2.6K contracts
C CIBC World Markets Inc. Institution	$1.6M 2.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.2M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$830.0K 1.0K contracts
TORONTO DOMINION BANK Institution	$263.2K 337.0 contracts
J JANE STREET GROUP, LLC Institution	$167.1K 214.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L LM Asset Inc. Institution	-	17.86% $23.0M	1.91% 2.9M shares	Q4 2024 Held for 11 months	$128.6M
Drum Hill Capital, LLC RIA/Wealth	David Cleaves Nightingale CIO	2.67% $2.4M	0.20% 310.0K shares	Q4 2024 Held for 11 months	$90.7M
AEGIS FINANCIAL CORP Long Only Manager	Scott Lon Barbee President	2.60% $6.8M	0.57% 870.5K shares	Q2 2023 Held for 2y 5m	$261.3M
F Fort Hoosac Management, LLC Hedge Fund•Multi-Strategy	Paul Jerome Isaac President	1.34% $2.0M	0.16% 250.2K shares	Q1 2025 Held for 8 months	$145.9M
Penbrook Management LLC RIA/Wealth	Robert Stephen Anderson Managing Partner	0.98% $1.4M	0.12% 179.6K shares	Q4 2017 Held for 7y 11m	$143.0M
T Timelo Investment Management Inc. Institution	-	0.66% $391.0K	0.03% 50.0K shares	Q3 2025 Held for 2 months	$59.3M
S SIG North Trading, ULC Institution	-	0.61% $4.0M	0.33% 508.3K shares	Q1 2024 Held for 1y 8m	$648.8M
A ALBERT D MASON INC Institution	-	0.49% $641.7K	0.05% 82.1K shares	Q2 2024 Held for 1y 5m	$130.1M
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.33% $2.3M	0.19% 294.4K shares	Q4 2024 Held for 11 months	$707.9M
INTACT INVESTMENT MANAGEMENT INC. Private Equity	Edward Joseph Keefe CFO	0.26% $8.4M	0.70% 1.1M shares	Q3 2022 Held for 3y 2m	$3.3B

Hedge Fund Spotlight

Discover hedge funds investing in VET

Numerai GP LLC

Hedge Fund • Quant

Portfolio ManagerRichard Malone Craib

Portfolio Value: $707.9M
Positions: 545
Last Reported: Q3 2025

Sector Allocation

Position in Vermilion Energy

Market Value: $2.3M
Shares Held: 294.4K
Portfolio Weight: 0.33%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Costco Wholesale COST	Discount Stores Consumer Defensive	$11.8M	1.66%
2 Manulife Financial MFC	Insurance - Life Financial Services	$10.2M	1.44%
3 IDEX IEX	Industrial - Machinery Industrials	$10.1M	1.43%