BAYTEX ENERGY CORP BTE
COM · Common Stock · CUSIP 07317Q105
- SectorEnergy
- IndustryDrilling Oil & Gas Wells
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.03. Options: 7 managers hold calls ($3.8m notional), 7 hold puts ($575.0k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2 |
| Q4 2022 | 3 |
| Q1 2023 | 105 |
| Q2 2023 | 192 |
| Q3 2023 | 183 |
| Q4 2023 | 170 |
| Q1 2024 | 169 |
| Q2 2024 | 169 |
| Q3 2024 | 166 |
| Q4 2024 | 156 |
| Q1 2025 | 154 |
| Q2 2025 | 143 |
| Q3 2025 | 135 |
| Q4 2025 | 150 |
| Q1 2026 | 178 |
| Q2 2026 | 186 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 64 | 81 |
| Q4 2024 | 60 | 82 |
| Q1 2025 | 82 | 56 |
| Q2 2025 | 60 | 75 |
| Q3 2025 | 56 | 67 |
| Q4 2025 | 81 | 60 |
| Q1 2026 | 105 | 59 |
| Q2 2026 | 96 | 88 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.0m | $4.8m | 2.37 |
| Q4 2025 | $8.1m | $1.9m | 0.23 |
| Q1 2026 | $7.3m | $1.4m | 0.19 |
| Q2 2026 | $3.8m | $575.0k | 0.15 |
Biggest buyers
| Ninepoint Partners LP | New | +17.0m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +9.4m |
| ROYAL BANK OF CANADA | Added | +7.8m |
| FIL Ltd | New | +6.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +4.5m |
| TORONTO DOMINION BANK | Added | +3.7m |
| Webs Creek Capital Management LP | Added | +3.5m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Added | +3.5m |
| JPMORGAN CHASE & CO | Added | +2.7m |
| JANE STREET GROUP, LLC | Added | +2.7m |
Biggest sellers
| Encompass Capital Advisors LLC | Sold out | -20.1m |
| Juniper Capital Advisors, L.P. | Reduced | -18.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -7.0m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -4.3m |
| INTACT INVESTMENT MANAGEMENT INC. | Reduced | -4.0m |
| Nuveen, LLC | Reduced | -3.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.4m |
| HITE Hedge Asset Management LLC | Sold out | -2.3m |
| CIBC WORLD MARKET INC. | Reduced | -2.2m |
| Thomist Capital Management, LP | Sold out | -1.9m |
Biggest calls
| NATIONAL BANK OF CANADA /FI/ | Reduced | $1.6m4.0k shares |
| SIG North Trading, ULC | Reduced | $968.0k242.0k shares |
| JANE STREET GROUP, LLC | Reduced | $460.8k115.2k shares |
| GROUP ONE TRADING LLC | Added | $404.8k101.2k shares |
| SIMPLEX TRADING, LLC | Added | $164.8k41.2k shares |
| TORONTO DOMINION BANK | Added | $148.3k37.0k shares |
| ROYAL BANK OF CANADA | New | $40.0k10.0k shares |
Biggest puts
| SIG North Trading, ULC | Reduced | $238.4k59.6k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $86.2k215 shares |
| ROYAL BANK OF CANADA | Reduced | $80.0k20.0k shares |
| JANE STREET GROUP, LLC | Added | $74.0k18.5k shares |
| IMC-Chicago, LLC | New | $45.6k11.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.2k7.3k shares |
| GROUP ONE TRADING LLC | Reduced | $21.6k5.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Connor, Clark & Lunn Investment Management Ltd. 13G · institution +1.3 pts · filed 2026-07-30 | 6.8% |
Fell to 5% or below in the last year: Juniper Capital III GP, L.P. (4.4%, 2026-07-14)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Connor, Clark & Lunn Investment Management Ltd. 0.37% of their portfolio | 49.2m $197.1m | Added +9.4m |
| Juniper Capital Advisors, L.P. 57.62% of their portfolio | 31.4m $125.5m | Reduced -18.3m |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 24.5m $98.2m | Added +2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 19.0m $76.1m | Reduced -782.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 18.6m $74.5m | Reduced -3.4m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 18.2m $72.8m | Added +883.7k |
| Ninepoint Partners LP 6.06% of their portfolio | 17.0m $68.0m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 15.7m $63.0m | Added +7.8m |
| TD Asset Management Inc 0.05% of their portfolio | 15.1m $60.5m | Added +1.6m |
| Webs Creek Capital Management LP 9.68% of their portfolio | 12.8m $51.1m | Added +3.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 12.8m $51.0m | Added +2.0m |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 11.7m $46.8m | Added +2.7m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 10.5m $46.9m | Added +292.8k |
| MORGAN STANLEY 0.00% of their portfolio | 9.1m $36.4m | Added +2.1m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 8.1m $32.6m | Added +2.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 7.3m $29.1m | Added +1.8m |
| FIL Ltd 0.02% of their portfolio | 6.5m $26.1m | New |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 6.0m $23.9m | Added +2.6m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 5.8m $23.2m | Reduced -260.7k |
| UBS Group AG 0.00% of their portfolio | 5.0m $20.0m | Added +1.5m |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 4.7m $18.8m | Added +4.5m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 4.6m $18.6m | Reduced -12.8k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 4.6m $18.5m | Added +3.7m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.2m $16.6m | Added +999.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 3.9m $15.5m | Added +3.5m |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 3.5m $14.1m | Reduced -827.0k |
| PCJ Investment Counsel Ltd. 3.84% of their portfolio | 3.3m $13.4m | Added +528.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 3.2m $12.8m | Reduced -357.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 2.8m $11.4m | Reduced -28.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.8m $11.1m | Added +2.7m |
| INTACT INVESTMENT MANAGEMENT INC. 0.29% of their portfolio | 2.5m $10.1m | Reduced -4.0m |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 2.4m $9.4m | Reduced -2.2m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 2.2m $9.0m | Added +935.5k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 2.2m $12.4m | Added +1.8m |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 2.2m $8.8m | Added +21.5k |
| Hartree Partners, LP 1.85% of their portfolio | 2.1m $8.6m | Added +1.1m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.1m $8.4m | Reduced -7.0m |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 2.1m $8.4m | Added +1.9m |
| Vontobel Holding Ltd. 0.03% of their portfolio | 1.9m $7.5m | Reduced -148.0k |
| SCOTIA CAPITAL INC. 0.03% of their portfolio | 1.7m $6.7m | Reduced -188.3k |
| PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio | 1.7m $6.6m | New |
| Bridgewater Associates, LP 0.03% of their portfolio | 1.6m $6.5m | Reduced -18.2k |
| Swiss National Bank 0.00% of their portfolio | 1.3m $5.1m | Reduced -100.8k |
| Federation des caisses Desjardins du Quebec 0.02% of their portfolio | 1.2m $5.0m | Reduced -111.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 1.2m $5.0m | Added +944.3k |
| Man Group plc 0.01% of their portfolio | 1.2m $4.8m | Reduced -1.5m |
| PDT Partners, LLC 0.24% of their portfolio | 1.1m $4.5m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 950.6k $3.8m | New |
| CoreCommodity Management, LLC 0.73% of their portfolio | 921.1k $3.7m | Added +908.3k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 889.2k $3.6m | Added +482.3k |
| Vident Advisory, LLC 0.02% of their portfolio | 807.9k $3.2m | Added +174.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 775.5k $3.1m | Added +216.3k |
| SIG North Trading, ULC 0.55% of their portfolio | 758.7k $3.0m | Added +439.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 722.2k $2.9m | Added +722.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 678.8k $2.7m | Added +142.2k |
| CIBC Asset Management Inc 0.01% of their portfolio | 640.8k $2.6m | Added +11.4k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 627.5k $2.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 562.7k $2.3m | Reduced -48.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 562.5k $2.3m | Reduced -24.7k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 559.0k $2.2m | Reduced -4.3m |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 554.3k $2.2m | Added +133.2k |
| Mariner, LLC 0.00% of their portfolio | 553.0k $2.2m | Reduced -32.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 520.0k $2.1m | Reduced -48.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 499.4k $2.0m | Added +1.7k |
| Nuveen, LLC 0.00% of their portfolio | 467.8k $1.9m | Reduced -3.4m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 430.5k $1.7m | Reduced -32.2k |
| BTG Pactual Asset Management US LLC 0.13% of their portfolio | 420.1k $1.7m | New |
| Penbrook Management LLC 1.02% of their portfolio | 399.4k $1.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 355.0k $1.4m | Added +201.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 346.9k $1.4m | Reduced -340.9k |
| Engineers Gate Manager LP 0.02% of their portfolio | 312.6k $1.3m | New |
| PRUDENTIAL PLC 0.01% of their portfolio | 304.7k $1.2m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 275.7k $1.1m | Unchanged |
| Spark Investment Management LLC 2.03% of their portfolio | 259.0k $1.0m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 253.0k $1.0m | Added +60.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 245.7k $985.0k | Unchanged |
| PenderFund Capital Management Ltd. 0.12% of their portfolio | 242.3k $972.1k | New |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 235.8k $943.1k | Added +32.2k |
| Aquatic Capital Management LLC 0.03% of their portfolio | 231.2k $925.0k | Reduced -648.6k |
| Tidal Investments LLC 0.00% of their portfolio | 229.2k $916.7k | Added +58.5k |
| Jump Financial, LLC 0.01% of their portfolio | 206.2k $824.8k | Reduced -129.6k |
| Invesco Ltd. 0.00% of their portfolio | 201.8k $807.3k | Reduced -174.7k |
| XTX Topco Ltd 0.01% of their portfolio | 200.9k $803.7k | Reduced -452.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 200.3k $801.2k | Reduced -544.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 190.2k $760.9k | Added +104.3k |
| BANK OF NOVA SCOTIA 0.00% of their portfolio | 182.7k $732.9k | Reduced -57.3k |
| Concentric Capital Strategies, LP 0.04% of their portfolio | 177.4k $709.8k | New |
| Alberta Investment Management Corp 0.00% of their portfolio | 175.4k $703.1k | Unchanged |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 173.9k $697.6k | Unchanged |
| Northwest & Ethical Investments L.P. 0.02% of their portfolio | 166.9k $668.5k | Added +85.2k |
| VAN DEN BERG MANAGEMENT I, INC 0.14% of their portfolio | 164.8k $659.1k | Reduced -1.2k |
| BlackRock, Inc. 0.00% of their portfolio | 142.3k $569.0k | Reduced -26.8k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 134.6k $538.3k | New |
| TWO SIGMA SECURITIES, LLC 0.04% of their portfolio | 130.4k $521.5k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 117.2k $470.2k | Reduced -30.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 105.8k $424.1k | Reduced -25.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 103.8k $415.9k | Reduced -50.6k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 101.1k $394.8k | Reduced -144.4k |
| Headlands Technologies LLC 0.04% of their portfolio | 100.6k $402.3k | Added +81.8k |
| MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.36% of their portfolio | 99.6k $398.3k | Unchanged |