Boothbay Fund Management Increases Stake in California Resources

Investment firm boosts holding in oil and gas producer by over 27% in Q3

Mar. 16, 2026 at 7:52am

Boothbay Fund Management LLC increased its stake in California Resources Corporation (NYSE: CRC) by 27.1% during the third quarter, according to a recent SEC filing. The investment firm now owns 113,396 shares of the oil and gas producer's stock, valued at approximately $6.03 million.

Why it matters

This filing indicates growing institutional investor interest in California Resources, which is focused on oil and gas operations in California. The increase in Boothbay's stake suggests the firm sees potential upside in the company's stock amid the ongoing energy market dynamics.

The details

According to the 13F filing, Boothbay Fund Management purchased an additional 24,191 shares of California Resources during the third quarter. The firm now owns approximately 0.14% of the company's outstanding stock. California Resources is an independent exploration and production company that operates primarily in the Los Angeles, Ventura, and San Joaquin basins in California.

  • Boothbay Fund Management increased its stake in California Resources during the 3rd quarter of 2026.

The players

Boothbay Fund Management LLC

An investment management firm that increased its stake in California Resources Corporation.

California Resources Corporation

An independent oil and gas exploration and production company focused on operations in California.

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The takeaway

The increased investment by Boothbay Fund Management in California Resources suggests institutional investors see value in the company's California-focused energy assets, despite the ongoing volatility in the broader oil and gas industry.