Baytex Energy
149 hedge funds and large institutions have $1.1B invested in Baytex Energy in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 19 closing their positions.
212% more call options, than puts
Call options by funds: $8.09M | Put options by funds: $2.59M
79% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 19
47% more capital invested
Capital invested by funds: $746M → $1.1B (+$350M)
15% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 41
10% more funds holding
Funds holding: 136 → 149 (+13)
2.64% more ownership
Funds ownership: 41.45% → 44.09% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$76.7M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
+$38.9M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$18.3M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$16.8M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$36.2M |
| 2 |
Millennium Management
New York
|
-$30.6M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$20.8M |
| 4 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
-$19.5M |
| 5 |
JCA
Juniper Capital Advisors
Houston,
Texas
|
-$18.8M |
BTE Hedge Fund Activity: Q4 2025 in Review
149 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Baytex Energy (BTE) for Q4 2025, worth a combined $1.1B — up 47% from $746M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new BTE positions and 19 closed out — a net gain of 15 holders — while 47 added to existing stakes and 41 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), adding an estimated $76.7M. The largest seller was CIBC World Market, cutting an estimated $36.2M.
- 149 institutional investors held Baytex Energy (BTE) as of Q4 2025, up from 136 in Q3 2025.
- Funds reported $1.1B of Baytex Energy stock for Q4 2025, up 47% quarter-over-quarter.
- 34 funds opened new Baytex Energy positions in Q4 2025 and 19 closed out, a net change of +15 holders.
- The largest Baytex Energy buyer in Q4 2025 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $76.7M added.
- The largest Baytex Energy seller in Q4 2025 was CIBC World Market, an estimated $36.2M sold.
Based on aggregated 13F filings for Q4 2025.