Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Baytex Energy Corp (BTE)

181 + Investors. Track Smart Money conviction in BTE. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +7
Streak
3Q ▲
Buyers last Q
51%

Smart Money Signals — BTE

Based on 182 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added BTE than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
182 hedge funds hold BTE right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +30% more funds vs a year ago

fund count last 6Q
+42 new funds entered over the past year (+30% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 51% buying

98 buying95 selling
Last quarter: 98 funds bought or added vs 95 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 16 → 36 → 45 → 38. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 14% medium ■ 24% new
112 out of 182 hedge funds have held BTE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

14 → 16 → 36 → 45 → 38 new funds/Q
New funds entering each quarter: 16 → 36 → 45 → 38. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 70% veterans vs 23% newcomers

■ 70% veterans ■ 7% 1-2yr ■ 23% new
Entry-cohort mix of 189 holders: 133 (70%) are 2+ year veterans, 13 entered 1–2 years ago, and 43 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
45 of 181 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in BTE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BTE

In 2026 Q2, 98 hedge funds were net buyers of BTE (38 opened a new position, 60 added to an existing one), while 95 reduced or exited (64 trimmed, 31 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 44% of total institutional value in BTE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +7 funds (more new holders than closures). Total institutional holders: 182.

Hedge Fund Ownership: BTE

How many hedge funds hold BTE — quarterly history vs. share price
Quarterly hedge fund ownership of BTE vs. share price

Market Analysis: BTE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTE

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 2 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: BTE
181 + Investors

Track Smart Money conviction in BTE. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 181 175 3.43%
13F Shares 393M 375M 4.86%
Total Value $1.58B $1.66B -4.72%
New Positions 38 45 -7
Increased Positions 59 63 -4
Closed Positions 31 20 +11
Reduced Positions 60 40 +20
Total Calls 4 5 -20.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 0.8 Neutral

Statistics: BTE

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Institutional Holders (2026 Q2)

181 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BTE. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BTE holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Juniper Capital Advisors, L.P. 57.62% 31,387,276 $125.5M
2 Webs Creek Capital Management LP 9.68% 12,771,506 $51.1M
3 Ninepoint Partners LP 5.19% 17,000,000 $68.0M
4 PCJ Investment Counsel Ltd. 3.84% 3,334,828 $13.4M
5 Spark Investment Management LLC 2.03% 259,000 $1.0M
6 Hartree Partners, LP 1.84% 2,150,000 $8.6M
7 PharVision Advisers, LLC 1.47% 19,546 $78K
8 Penbrook Management LLC 1.02% 399,350 $1.6M
9 CoreCommodity Management, LLC 0.73% 921,077 $3.7M
10 Connor, Clark & Lunn Investment Management Ltd. 0.37% 49,180,551 $197.1M
11 Mh & Associates Securities Management Corp /Adv 0.36% 99,569 $398K
12 Intact Investment Management INC. 0.29% 2,527,500 $10.1M
13 PDT Partners, LLC 0.24% 1,132,926 $4.5M
14 Lakewood Asset Management LLC 0.16% 72,331 $289K
15 Van Den Berg Management I, Inc 0.14% 164,777 $659K
16 PenderFund Capital Management Ltd. 0.12% 242,300 $972K
17 Jupiter Asset Management Ltd 0.12% 5,958,429 $23.9M
18 BTG Pactual Asset Management US LLC 0.10% 420,130 $1.7M
19 Baron Wealth Management LLC 0.10% 96,087 $384K
20 Aigen Investment Management, LP 0.10% 90,714 $363K
21 R Squared Ltd 0.07% 33,200 $133K
22 SIG North Trading, ULC 0.06% 758,706 $3.0M
23 TD Asset Management Inc 0.05% 15,093,415 $60.5M
24 Picton Mahoney Asset Management 0.05% 1,657,986 $6.6M
25 D. E. Shaw & Co., Inc. 0.05% 24,534,834 $98.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Baytex Energy Corp (BTE)

What does the Smart Money Trend signal show for BTE?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added BTE than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BTE?

Slight buying edge — 51% buying: Last quarter: 98 funds bought or added vs 95 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BTE holders?

Elite ownership — 44% AUM from top-100 funds: 45 of 181 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in BTE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BTE?

62% of holders stayed for 2+ years: 112 out of 182 hedge funds have held BTE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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