Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Baytex Energy Corp (BTE)

175 + 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
↑ +25
Streak
2Q ▲
Buyers last Q
64%

Smart Money Signals — BTE

Based on 175 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
175 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.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+24 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟢

More buyers than sellers — 64% buying

112 buying62 selling
Last quarter: 112 funds were net buyers (45 opened a brand new position + 67 added to an existing one). Only 62 were sellers (42 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new BTE position: 14 → 16 → 36 → 45. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 18% medium ■ 23% new
103 out of 175 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.
💰

Value +50% but shares only +10% — price-driven

Value
+50%
Shares
+9%
Last quarter: the total dollar value of institutional holdings rose +50%, but actual share count only changed +10%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

22 → 14 → 16 → 36 → 45 new funds/Q
New funds entering each quarter: 14 → 16 → 36 → 45. 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 — 71% veterans vs 21% newcomers

■ 71% veterans ■ 8% 1-2yr ■ 21% new
Entry-cohort mix of 184 holders: 131 (71%) are 2+ year veterans, 14 entered 1–2 years ago, and 39 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
41 of 174 holders are among the 100 largest funds by AUM, controlling 41% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 Q1, 112 hedge funds were net buyers of BTE (45 opened a new position, 67 added to an existing one), while 62 reduced or exited (42 trimmed, 20 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 41% of total institutional value in BTE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +25 funds (more new holders than closures). Total institutional holders: 175.

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.

Is It Too Late to Buy Baytex Energy Corp (BTE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BTE has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
BTE
-9.8%
XLE
-11.8%

BTE outperformed XLE by +2.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
BTE
-21.8%
XLE
-9.1%

Since the filing became public, BTE outperformed XLE by -12.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 2 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: BTE
175 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 175 150 16.67%
13F Shares 375M 341M 9.81%
Total Value $1.66B $1.10B 50.26%
New Positions 45 36 +9
Increased Positions 63 47 +16
Closed Positions 20 22 -2
Reduced Positions 40 41 -1
Total Calls 5 7 -28.57%
Total Puts 4 4 -
PUT/CALL Ratio 0.8 0.57 Neutral

Statistics: BTE

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

175 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Juniper Capital Advisors, L.P. 66.93% 49,701,895 $222.2M
2 Webs Creek Capital Management LP 7.16% 9,245,458 $41.3M
3 PCJ Investment Counsel Ltd. 3.56% 2,805,993 $12.5M
4 Encompass Capital Advisors LLC 2.69% 20,071,614 $89.7M
5 Thomist Capital Management, LP 2.27% 1,885,306 $8.4M
6 Hartree Partners, LP 0.96% 1,000,000 $4.5M
7 Intact Investment Management INC. 0.83% 6,506,300 $29.1M
8 HITE Hedge Asset Management LLC 0.59% 2,327,328 $10.4M
9 Connor, Clark & Lunn Investment Management Ltd. 0.41% 39,829,373 $178.1M
10 Mh & Associates Securities Management Corp /Adv 0.39% 99,569 $445K
11 Oxford Asset Management LLP 0.32% 165,144 $738K
12 Kiker Wealth Management, LLC 0.22% 103,869 $464K
13 Aigen Investment Management, LP 0.22% 190,243 $850K
14 Montgomery Investment Management Inc 0.21% 139,992 $626K
15 Quantbot Technologies LP 0.21% 1,165,461 $5.2M
16 Lakewood Asset Management LLC 0.20% 71,326 $319K
17 Van Den Berg Management I, Inc 0.17% 166,027 $742K
18 Numerai GP LLC 0.13% 291,827 $1.3M
19 Baron Wealth Management LLC 0.13% 97,717 $437K
20 Aquatic Capital Management LLC 0.11% 879,852 $3.9M
21 Dynamic Technology Lab Private Ltd 0.11% 151,075 $675K
22 R Squared Ltd 0.10% 42,377 $189K
23 Jupiter Asset Management Ltd 0.08% 3,310,085 $14.8M
24 United Capital Management of KS, Inc. 0.07% 100,000 $447K
25 D. E. Shaw & Co., Inc. 0.06% 22,571,938 $100.9M
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 — 2 quarters in a row: For 2 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?

More buyers than sellers — 64% buying: Last quarter: 112 funds were net buyers (45 opened a brand new position + 67 added to an existing one). Only 62 were sellers (42 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BTE holders?

Elite ownership — 41% AUM from top-100 funds: 41 of 174 holders are among the 100 largest funds by AUM, controlling 41% 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?

59% of holders stayed for 2+ years: 103 out of 175 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.

Is it too late to buy Baytex Energy Corp (BTE) following the 2026 Q1 hedge fund 13F filings?

As of today, BTE has moved -21.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -9.1% for the XLE sector ETF — an outperformance of -12.7%. Since the quarter end (March 31, 2026), BTE has gained -9.8% vs -11.8% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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