Vault-13

BAYTEX ENERGY CORP BTE

COM · Common Stock · CUSIP 07317Q105

143 institutional holders -11 vs Q1 2025
342,916,012342.9m shares reported held*
$614.9mreported value*
14 new 46 added 50 reduced 25 sold out net bought ≈ $23.1m (+12.9m shares)

* 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 ($330.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.79. Options: 8 managers hold calls ($414.4k notional), 8 hold puts ($1.2m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 2Q4 22: 3Q1 23: 105Q2 23: 192Q3 23: 183Q4 23: 170Q1 24: 169Q2 24: 169Q3 24: 166Q4 24: 156Q1 25: 154Q2 25: 143143Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20222
Q4 20223
Q1 2023105
Q2 2023192
Q3 2023183
Q4 2023170
Q1 2024169
Q2 2024169
Q3 2024166
Q4 2024156
Q1 2025154
Q2 2025143

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 90 bought or addedQ3 23: 97 cut or sold outQ4 23: 70 bought or addedQ4 23: 92 cut or sold outQ4 23Q1 24: 76 bought or addedQ1 24: 82 cut or sold outQ2 24: 74 bought or addedQ2 24: 66 cut or sold outQ2 24Q3 24: 64 bought or addedQ3 24: 81 cut or sold outQ4 24: 60 bought or addedQ4 24: 82 cut or sold outQ4 24Q1 25: 82 bought or addedQ1 25: 56 cut or sold outQ2 25: 60 bought or addedQ2 25: 75 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239097
Q4 20237092
Q1 20247682
Q2 20247466
Q3 20246481
Q4 20246082
Q1 20258256
Q2 20256075

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 24 calls: $548.6kQ3 24 puts: $1.5mQ3 24P/C 2.79Q4 24 calls: $717.5kQ4 24 puts: $2.4mQ4 24P/C 3.40Q1 25 calls: $2.1mQ1 25 puts: $1.6mQ1 25P/C 0.77Q2 25 calls: $414.4kQ2 25 puts: $1.2mQ2 25P/C 2.90
Numbers
QuarterCallsPutsP/C
Q3 2024$548.6k$1.5m2.79
Q4 2024$717.5k$2.4m3.40
Q1 2025$2.1m$1.6m0.77
Q2 2025$414.4k$1.2m2.90

Biggest buyers

RENAISSANCE TECHNOLOGIES LLC Added +11,860,100+11.9m
ROYAL BANK OF CANADA Added +11,237,229+11.2m
D. E. Shaw & Co., Inc. Added +5,513,032+5.5m
CIBC WORLD MARKET INC. Added +5,453,640+5.5m
CITADEL ADVISORS LLC Added +3,429,445+3.4m
GOLDMAN SACHS GROUP INC Added +2,793,725+2.8m
INTACT INVESTMENT MANAGEMENT INC. Added +2,634,700+2.6m
FIRST TRUST ADVISORS LP Added +1,636,233+1.6m
AMERICAN CENTURY COMPANIES INC Added +1,459,043+1.5m
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Added +1,300,016+1.3m

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -6,090,344-6.1m
TWO SIGMA ADVISERS, LP Reduced -4,556,114-4.6m
Sourcerock Group LLC Sold out -3,520,550-3.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -3,237,108-3.2m
Ninepoint Partners LP Sold out -2,800,000-2.8m
MILLENNIUM MANAGEMENT LLC Reduced -2,787,963-2.8m
MORGAN STANLEY Reduced -2,602,838-2.6m
BANK OF AMERICA CORP /DE/ Reduced -2,522,744-2.5m
MARSHALL WACE, LLP Sold out -2,457,211-2.5m
Man Group plc Reduced -1,449,107-1.4m

Biggest calls

SIG North Trading, ULC Reduced $225.0k125.7k shares
CITADEL ADVISORS LLC Added $58.5k32.7k shares
NATIONAL BANK OF CANADA /FI/ Reduced $50.2k280 shares
WOLVERINE TRADING, LLC New $37.5k20.5k shares
GROUP ONE TRADING LLC Reduced $23.4k13.1k shares
TORONTO DOMINION BANK Reduced $10.8k6.0k shares
SIMPLEX TRADING, LLC Reduced $9.0k5.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIG North Trading, ULC Reduced $682.9k381.5k shares
CITADEL ADVISORS LLC Added $317.4k177.3k shares
GROUP ONE TRADING LLC Added $118.3k66.1k shares
SIMPLEX TRADING, LLC Added $28.0k16.1k shares
TORONTO DOMINION BANK Reduced $26.7k14.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.0k11.2k shares
NATIONAL BANK OF CANADA /FI/ Reduced $8.2k46 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
Connor, Clark & Lunn Investment Management Ltd. 13G · institution +1.3 pts · filed 2026-07-30 6.8% +1.3 pts 49.1m≈ $196.5m 2026-07-30

Fell to 5% or below in the last year: Juniper Capital III GP, L.P. (4.4%, 2026-07-14)

Insider purchases and sales in Q2 2025

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 in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Juniper Capital Advisors, L.P. 100.00% of their portfolio Houston, TX 101,181,329101.2m $181.1m $181.1m 100.00% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 28,113,71928.1m $50.4m $50.4m 0.00% Added +374 +374
3 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 20,352,86320.4m $36.4m $36.4m 0.03% Reduced -2.8m -2,787,963
4 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 18,804,00018.8m $33.7m $33.7m 0.04% Added +11.9m +11,860,100
5 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 18,269,00118.3m $32.7m $32.7m 0.03% Added +5.5m +5,513,032
6 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 17,796,58317.8m $31.9m $31.9m 0.07% Added +5.5m +5,453,640
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 15,783,07415.8m $28.2m $28.2m 0.00% Added +11.2m +11,237,229
8 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.08% of their portfolio Los Angeles, CA 13,299,51013.3m $23.8m $23.8m 0.08% Added +1.3m +1,300,016
9 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 11,858,09311.9m $21.2m $21.2m 0.01% Added +1.5m +1,459,043
10 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 10,710,87610.7m $19.2m $19.2m 0.01% Added +738.3k +738,337
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,920,7999.9m $17.8m $17.8m 0.00% Added +2.8m +2,793,725
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,247,2746.2m $11.2m $11.2m 0.00% Reduced -2.5m -2,522,744
13 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 5,681,9735.7m $10.2m $10.2m 0.01% Added +3.4m +3,429,445
14 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 3,869,5503.9m $6.9m $6.9m 0.01% Reduced -6.1m -6,090,344
15 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 3,842,2063.8m $6.9m $6.9m 0.01% Added +1.6m +1,636,233
16 INTACT INVESTMENT MANAGEMENT INC. 0.23% of their portfolio MONTREAL, A8 3,819,1003.8m $6.8m $6.8m 0.23% Added +2.6m +2,634,700
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,676,4723.7m $6.6m $6.6m 0.00% Reduced -142.1k -142,112
18 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 3,058,7373.1m $5.5m $5.5m 0.01% Reduced -4.6m -4,556,114
19 ROYCE & ASSOCIATES LP 0.05% of their portfolio New York, NY 2,829,0832.8m $5.1m $5.1m 0.05% Reduced -90.3k -90,340
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 2,776,8702.8m $5.0m $5.0m 0.00% Added +194.3k +194,290
21 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2,430,9442.4m $4.3m $4.3m 0.00% Added +654.4k +654,389
22 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 2,407,5142.4m $4.3m $4.3m 0.01% Reduced -239.4k -239,371
23 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,364,1722.4m $4.2m $4.2m 0.00% Reduced -1.3m -1,341,364
24 FMR LLC 0.00% of their portfolio BOSTON, MA 2,335,9642.3m $4.2m $4.2m 0.00% Reduced -907.1k -907,100
25 CoreCommodity Management, LLC 0.64% of their portfolio STAMFORD, CT 2,157,3522.2m $3.9m $3.9m 0.64% Added +726.5k +726,518
26 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 2,053,4132.1m $3.7m $3.7m 0.00% Added +73.9k +73,898
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,041,9992.0m $3.7m $3.7m 0.00% Reduced -2.6m -2,602,838
28 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 1,826,7671.8m $3.3m $3.3m 0.02% Reduced -16.6k -16,613
29 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,802,0161.8m $4.1m $4.1m 0.00% Added +287.5k +287,454
30 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 1,499,5721.5m $2.7m $2.7m 0.01% Reduced -226.3k -226,294
31 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,396,3851.4m $2.5m $2.5m 0.00% Added +227.7k +227,678
32 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,339,4881.3m $2.4m $2.4m 0.00% Reduced -41.9k -41,900
33 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 1,296,0001.3m $2.3m $2.3m 0.01% Added +365.0k +365,000
34 AXA S.A. 0.01% of their portfolio PARIS, I0 1,130,5281.1m $2.0m $2.0m 0.01% Added +83.8k +83,766
35 SIG North Trading, ULC 0.30% of their portfolio Bala Cynwyd, PA 756,298756.3k $1.4m $1.4m 0.30% Reduced -185.3k -185,252
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 726,286726.3k $1.3m $1.3m 0.00% Added +651.6k +651,617
37 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 714,100714.1k $1.3m $1.3m 0.00% Added +263.3k +263,300
38 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 647,511647.5k $1.2m $1.2m 0.00% Reduced -191.4k -191,371
39 Legal & General Group Plc 0.00% of their portfolio London, X0 640,965641.0k $1.1m $1.1m 0.00% Reduced -114.8k -114,820
40 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 547,326547.3k $978.7k $978.7k 0.00% Reduced -67.6k -67,579
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 538,763538.8k $964.4k $964.4k 0.00% Added +72.6k +72,572
42 HARBOR CAPITAL ADVISORS, INC. 0.04% of their portfolio CHICAGO, IL 518,566518.6k $928.0k $928.0k 0.04% Added +17.0k +17,006
43 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 497,353497.4k $886.5k $886.5k 0.00% Reduced -2.2k -2,213
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 465,450465.4k $833.2k $833.2k 0.00% Added +72.4k +72,431
45 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 461,486461.5k $826.1k $826.1k 0.00% Reduced -238.6k -238,591
46 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 436,539436.5k $780.7k $780.7k 0.00% Added +74.7k +74,739
47 Numerai GP LLC 0.11% of their portfolio SAN FRANCISCO, CA 420,756420.8k $753.2k $753.2k 0.11% Reduced -16.4k -16,370
48 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 407,800407.8k $730.0k $730.0k 0.00% Added +199.6k +199,573
49 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.00% of their portfolio VICTORIA, A1 405,814405.8k $727.6k $727.6k 0.00% Added +27.7k +27,721
50 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 341,993342.0k $612.2k $612.2k 0.00% New
51 Graham Capital Management, L.P. 0.02% of their portfolio ROWAYTON, CT 336,547336.5k $602.4k $602.4k 0.02% Added +312.9k +312,852
52 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 333,238333.2k $594.8k $594.8k 0.01% New
53 X-Square Capital, LLC 0.19% of their portfolio GUAYNABO, PR 296,780296.8k $531.0k $531.0k 0.19% Unchanged
54 INGALLS & SNYDER LLC 0.02% of their portfolio NEW YORK, NY 285,000285.0k $510.0k $510.0k 0.02% Unchanged
55 PORTLAND INVESTMENT COUNSEL INC. 0.15% of their portfolio BURLINGTON, A6 280,300280.3k $502.1k $502.1k 0.15% Unchanged
56 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 277,271277.3k $495.8k $495.8k 0.00% Added +21.5k +21,498
57 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 256,156256.2k $458.5k $458.5k 0.00% Reduced -302.6k -302,569
58 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 252,600252.6k $452.9k $452.9k 0.00% Unchanged
59 Man Group plc 0.00% of their portfolio LONDON, X0 218,710218.7k $391.5k $391.5k 0.00% Reduced -1.4m -1,449,107
60 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 214,550214.6k $384.0k $384.0k 0.00% Reduced -69.6k -69,639
61 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 213,857213.9k $382.8k $382.8k 0.00% Unchanged
62 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 180,702180.7k $330.2k $330.2k 0.00% Added +119.9k +119,945
63 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 179,981180.0k $322.7k $322.7k 0.00% Added +55.2k +55,168
64 VAN DEN BERG MANAGEMENT I, INC 0.09% of their portfolio AUSTIN, TX 179,446179.4k $321.2k $321.2k 0.09% Reduced -3.8k -3,832
65 BlackRock, Inc. 0.00% of their portfolio New York, NY 164,634164.6k $294.7k $294.7k 0.00% Reduced -538.4k -538,381
66 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 157,973158.0k $283.2k $283.2k 0.00% Added +14.8k +14,813
67 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 152,042152.0k $271.9k $271.9k 0.00% New
68 MONTGOMERY INVESTMENT MANAGEMENT INC 0.10% of their portfolio ROCKVILLE, MD 149,492149.5k $267.6k $267.6k 0.10% Unchanged
69 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 144,757144.8k $260.8k $260.8k 0.00% Added +14.1k +14,050
70 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 140,399140.4k $251.3k $251.3k 0.00% Added +65.7k +65,656
71 Formidable Asset Management, LLC 0.05% of their portfolio CINCINNATI, OH 136,050136.1k $303.4k $303.4k 0.05% Reduced -137.7k -137,718
72 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 120,428120.4k $215.9k $215.9k 0.00% Unchanged
73 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 112,714112.7k $201.6k $201.6k 0.00% Unchanged
74 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 112,003112.0k $200.0k $200.0k 0.01% Added +28.3k +28,277
75 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 95,27195.3k $170.5k $170.5k 0.01% Reduced -430.8k -430,810
76 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 94,59694.6k $169.3k $169.3k 0.00% Reduced -144.6k -144,642
77 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 87,98788.0k $157.0k $157.0k 0.00% Unchanged
78 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 84,38184.4k $152.4k $152.4k 0.00% Unchanged
79 Caitong International Asset Management Co., Ltd 0.10% of their portfolio HONG KONG, K3 76,15476.2k $136.3k $136.3k 0.10% Added +29.0k +29,019
80 State of Wyoming 0.02% of their portfolio CHEYENNE, WY 71,06871.1k $127.2k $127.2k 0.02% Reduced -69.8k -69,786
81 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 62,40462.4k $111.7k $111.7k 0.01% Reduced -111.3k -111,265
82 Northwest & Ethical Investments L.P. 0.00% of their portfolio TORONTO, A6 62,33562.3k $111.6k $111.6k 0.00% Reduced -340 -340
83 Lakewood Asset Management LLC 0.07% of their portfolio NAPERVILLE, IL 60,35060.4k $108.0k $108.0k 0.07% Unchanged
84 Wealthspire Retirement, LLC 0.01% of their portfolio ALISO VIEJO, CA 60,00060.0k $107.4k $107.4k 0.01% Reduced -119.5k -119,545
85 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 59,88259.9k $107.2k $107.2k 0.00% Unchanged
86 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 58,25058.2k $104.0k $104.0k 0.00% Reduced -1.5k -1,500
87 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 55,79255.8k $100.0k $100.0k 0.00% Reduced -45.5k -45,464
88 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 45,48745.5k $81.4k $81.4k 0.00% Added +3.7k +3,734
89 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 44,24844.2k $79.2k $79.2k 0.00% Reduced -179 -179
90 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,57842.6k $76.2k $76.2k 0.00% Reduced -298.4k -298,420
91 1832 Asset Management L.P. 0.00% of their portfolio TORONTO, A6 41,54041.5k $74.4k $74.4k 0.00% Unchanged
92 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 41,30641.3k $73.0k $73.0k 0.00% New
93 Investment Management Corp of Ontario 0.00% of their portfolio Toronto, Z4 40,61140.6k $72.7k $72.7k 0.00% Reduced -2.3k -2,300
94 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 38,00038.0k $68.0k $68.0k 0.00% Unchanged
95 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 37,23637.2k $66.7k $66.7k 0.00% Reduced -5.0k -5,028
96 Atom Investors LP 0.01% of their portfolio AUSTIN, TX 34,62434.6k $62.0k $62.0k 0.01% New
97 Dynamic Technology Lab Private Ltd 0.01% of their portfolio SINGAPORE, U0 31,22631.2k $56.0k $56.0k 0.01% Reduced -249.7k -249,705
98 Farringdon Capital, Ltd. 0.02% of their portfolio LONDON, X0 28,73828.7k $51.4k $51.4k 0.02% New
99 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,34227.3k $48.9k $48.9k 0.00% Reduced -61.3k -61,275
100 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 23,88123.9k $42.7k $42.7k 0.00% Reduced -160 -160