VERMILION ENERGY INC VET
COM · Common Stock · CUSIP 923725105
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- 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 ($1.5m this quarter). Holder counts are more reliable. Shares outstanding: 152.9m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $13.79. Options: 13 managers hold calls ($33.8m notional), 11 hold puts ($19.9m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 169 |
| Q4 2022 | 162 |
| Q1 2023 | 160 |
| Q2 2023 | 155 |
| Q3 2023 | 172 |
| Q4 2023 | 177 |
| Q1 2024 | 163 |
| Q2 2024 | 157 |
| Q3 2024 | 149 |
| Q4 2024 | 160 |
| Q1 2025 | 155 |
| Q2 2025 | 140 |
| Q3 2025 | 127 |
| Q4 2025 | 154 |
| Q1 2026 | 159 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 76 | 76 |
| Q3 2024 | 65 | 80 |
| Q4 2024 | 90 | 71 |
| Q1 2025 | 77 | 83 |
| Q2 2025 | 72 | 76 |
| Q3 2025 | 63 | 72 |
| Q4 2025 | 92 | 54 |
| Q1 2026 | 94 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $18.1m | $14.3m | 0.79 |
| Q3 2025 | $20.6m | $16.9m | 0.82 |
| Q4 2025 | $23.0m | $36.6m | 1.59 |
| Q1 2026 | $33.8m | $19.9m | 0.59 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +2.3m |
| OPPENHEIMER & CO INC | Added | +2.0m |
| MORGAN STANLEY | Added | +1.8m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.5m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.5m |
| AEGIS FINANCIAL CORP | Added | +1.2m |
| MACKENZIE FINANCIAL CORP | Added | +1.2m |
| BANK OF MONTREAL /CAN/ | Added | +836.3k |
| D. E. Shaw & Co., Inc. | Added | +836.1k |
| TD Asset Management Inc | Added | +602.6k |
Biggest sellers
| AMERIPRISE FINANCIAL INC | Reduced | -3.0m |
| UBS Group AG | Reduced | -2.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -791.4k |
| TWO SIGMA ADVISERS, LP | Sold out | -697.2k |
| LM Asset Management Inc. | Reduced | -615.0k |
| BANK OF NOVA SCOTIA | Reduced | -560.4k |
| SIG North Trading, ULC | Reduced | -517.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -369.3k |
| Quadrature Capital Ltd | Reduced | -342.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -220.5k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $5.7m412.6k shares |
| PEAK6 LLC | New | $5.1m373.5k shares |
| D. E. Shaw & Co., Inc. | Added | $4.8m345.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m329.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $2.9m2.1k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m157.3k shares |
| IMC-Chicago, LLC | Reduced | $2.1m153.3k shares |
| SIG North Trading, ULC | Added | $1.9m140.3k shares |
| JANE STREET GROUP, LLC | Added | $1.9m135.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m117.5k shares |
Biggest puts
| SIG North Trading, ULC | Reduced | $5.8m418.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $3.3m240.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m152.5k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $1.8m1.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.7m121.6k shares |
| TORONTO DOMINION BANK | Reduced | $1.2m87.6k shares |
| JANE STREET GROUP, LLC | Added | $1.1m83.3k shares |
| Walleye Trading LLC | Added | $1.1m78.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $764.8k55.5k shares |
| IMC-Chicago, LLC | Reduced | $598.1k43.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution -2.2 pts · filed 2026-07-30 | 5.4% |
Fell to 5% or below in the last year: AMERIPRISE FINANCIAL INC (3.4%, 2026-05-15), MILLENNIUM MANAGEMENT LLC (3.6%, 2026-02-13)
Insider purchases and sales in Q1 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 in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 5.9m $80.9m | Added +1.8m |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 5.2m $72.1m | Reduced -3.0m |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 5.1m $69.8m | Reduced -369.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.9m $67.1m | Added +1.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.4m $60.5m | First filing |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 4.4m $60.2m | Added +1.2m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 4.1m $56.2m | Added +154.6k |
| UBS Group AG 0.01% of their portfolio | 3.2m $44.3m | Reduced -2.4m |
| LM Asset Management Inc. 26.19% of their portfolio | 3.2m $43.4m | Reduced -615.0k |
| AEGIS FINANCIAL CORP 6.06% of their portfolio | 2.6m $35.2m | Added +1.2m |
| OPPENHEIMER & CO INC 0.40% of their portfolio | 2.4m $32.5m | Added +2.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 2.3m $31.1m | New |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 1.7m $23.5m | Reduced -560.4k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.7m $22.9m | Reduced -137.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.6m $21.9m | Added +836.3k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 1.5m $20.9m | Added +1.5m |
| INTACT INVESTMENT MANAGEMENT INC. 0.58% of their portfolio | 1.5m $20.2m | Added +377.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 1.4m $18.6m | Added +499.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.3m $18.5m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.3m $17.9m | Reduced -72.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.1m $15.7m | Added +836.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $15.1m | Added +507.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.1m $15.2m | Added +3.9k |
| TD Asset Management Inc 0.01% of their portfolio | 1.1m $15.0m | Added +602.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.0m $13.8m | Added +64.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 947.4k $13.1m | Added +253.7k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 943.5k $13.0m | First filing |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 826.7k $11.4m | Added +249.1k |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 782.8k $10.8m | Reduced -93.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 705.4k $9.7m | Reduced -791.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 681.4k $9.4m | Reduced -14.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 652.9k $9.0m | Added +151.6k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 620.3k $8.5m | Added +320.7k |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 606.1k $8.3m | Added +203.8k |
| Trexquant Investment LP 0.06% of their portfolio | 570.8k $7.9m | Added +231.8k |
| SIG North Trading, ULC 1.12% of their portfolio | 405.0k $5.6m | Reduced -517.8k |
| FINDELL CAPITAL MANAGEMENT LLC 1.50% of their portfolio | 370.0k $5.1m | New |
| Drum Hill Capital, LLC 4.68% of their portfolio | 369.7k $5.1m | Added +108.1k |
| Voleon Capital Management LP 0.11% of their portfolio | 368.0k $5.1m | Added +94.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 341.2k $6.0m | Added +233.6k |
| Vontobel Holding Ltd. 0.02% of their portfolio | 334.8k $4.6m | Reduced -28.2k |
| Swiss National Bank 0.00% of their portfolio | 304.6k $4.2m | Unchanged |
| Quantbot Technologies LP 0.17% of their portfolio | 297.5k $4.1m | Added +69.5k |
| Spark Investment Management LLC 9.44% of their portfolio | 285.0k $3.9m | Added +8.0k |
| Arbiter Partners Capital Management LLC 2.49% of their portfolio | 266.7k $3.7m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 254.7k $3.5m | Added +385 |
| Numerai GP LLC 0.34% of their portfolio | 244.4k $3.4m | Reduced -50.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 222.4k $3.1m | Reduced -2.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 206.8k $2.8m | Added +190.4k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 204.0k $2.8m | Added +11.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 201.4k $2.8m | Added +55.5k |
| Penbrook Management LLC 2.06% of their portfolio | 197.8k $2.7m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 178.4k $2.5m | Added +11.4k |
| CITIGROUP INC 0.00% of their portfolio | 166.7k $2.3m | Added +2.4k |
| Stratos Wealth Partners, LTD. 0.03% of their portfolio | 165.9k $2.3m | Added +17 |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 163.9k $2.3m | Reduced -20.6k |
| CIBC Asset Management Inc 0.01% of their portfolio | 149.0k $2.0m | Added +4.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 146.9k $2.0m | Reduced -94.0k |
| FLAX POND CAPITAL, LLC 1.53% of their portfolio | 137.7k $1.9m | Reduced -151.0k |
| Quadrature Capital Ltd 0.02% of their portfolio | 134.2k $1.8m | Reduced -342.7k |
| PDT Partners, LLC 0.11% of their portfolio | 132.9k $1.8m | Added +58.5k |
| Clear Harbor Asset Management, LLC 0.13% of their portfolio | 132.9k $1.8m | Added +1.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.07% of their portfolio | 132.6k $1.8m | Added +68.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 132.4k $1.8m | Added +95.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 130.6k $1.8m | Added +48.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 130.1k $1.8m | Added +20.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 117.7k $1.6m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 111.6k $1.5m | Reduced -9.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 107.6k $1.5m | First filing |
| ARGA Investment Management, LP 0.05% of their portfolio | 105.4k $1.5m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 105.1k $1.4m | Added +11.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 103.4k $1.4m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 100.0k $1.4m | Added +7.1k |
| Tactive Advisors, LLC 0.38% of their portfolio | 99.0k $1.4m | Reduced -5.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 95.9k $1.3m | Added +13.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 93.9k $1.3m | Reduced -33.7k |
| ALBERT D MASON INC 0.73% of their portfolio | 81.8k $1.1m | Added +98 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 76.8k $1.1m | Added +20.7k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 75.1k $1.0m | Added +4.3k |
| CoreCommodity Management, LLC 0.19% of their portfolio | 73.1k $1.0m | Reduced -8.5k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 71.2k $971.7k | Reduced -72.1k |
| RENAISSANCE GROUP LLC 0.04% of their portfolio | 71.1k $979.7k | Reduced -3.2k |
| Pekin Hardy Strauss, Inc. 0.09% of their portfolio | 65.2k $895.6k | Reduced -57.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 62.7k $865.0k | Reduced -4.0k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 60.1k $837.8k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 55.2k $760.8k | Added +23.1k |
| Vident Advisory, LLC 0.01% of their portfolio | 53.1k $732.0k | Added +9.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 51.7k $710.4k | Reduced -11.3k |
| Caitong International Asset Management Co., Ltd 0.13% of their portfolio | 50.7k $698.1k | Added +50.7k |
| XTX Topco Ltd 0.01% of their portfolio | 49.1k $676.2k | Reduced -4.6k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 47.3k $605.0k | Added +3.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 42.6k $585.5k | Reduced -7.9k |
| Counterpoint Mutual Funds LLC 0.09% of their portfolio | 42.3k $582.7k | New |
| Compound Planning, Inc. 0.02% of their portfolio | 41.2k $568.2k | New |
| Alberta Investment Management Corp 0.00% of their portfolio | 41.0k $564.7k | New |
| Savant Capital, LLC 0.00% of their portfolio | 38.7k $532.8k | Added +3.4k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 35.0k $481.6k | First filing |
| Gotham Asset Management, LLC 0.00% of their portfolio | 34.6k $476.7k | Added +10.5k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 33.4k $460.6k | Added +31.2k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 33.3k $457.5k | Added +7.1k |