Baytex Energy
120 hedge funds and large institutions have $254M invested in Baytex Energy in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 46 reducing their positions, and 41 closing their positions.
16% less funds holding
Funds holding: 143 → 120 (-23)
22% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 46
52% less call options, than puts
Call options by funds: $616K | Put options by funds: $1.29M
53% less capital invested
Capital invested by funds: $539M → $254M (-$285M)
56% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 41
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
+$42.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.62M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$5.02M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$4.89M |
| 5 |
DWM
Dorchester Wealth Management
Montreal,
Quebec, Canada
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$29.7M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
-$25.9M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$17.9M |
| 4 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$14.3M |
| 5 |
Renaissance Technologies
New York
|
-$13.4M |
BTE Hedge Fund Activity: Q4 2018 in Review
120 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Baytex Energy (BTE) for Q4 2018, worth a combined $254M — down 53% from $539M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of BTE and 18 opened new positions — a net loss of 23 holders — while 46 trimmed existing stakes and 36 added.
The largest buyer was Luminus Management, opening a new position worth an estimated $42.6M. The largest seller was Wellington Management Group, cutting an estimated $29.7M.
- 120 institutional investors held Baytex Energy (BTE) as of Q4 2018, down from 143 in Q3 2018.
- Funds reported $254M of Baytex Energy stock for Q4 2018, down 53% quarter-over-quarter.
- 18 funds opened new Baytex Energy positions in Q4 2018 and 41 closed out, a net change of -23 holders.
- The largest Baytex Energy buyer in Q4 2018 was Luminus Management, an estimated $42.6M added.
- The largest Baytex Energy seller in Q4 2018 was Wellington Management Group, an estimated $29.7M sold.
Based on aggregated 13F filings for Q4 2018.