EXPAND ENERGY CORPORATION EXE
COM · Common Stock · CUSIP 165167735 · ISIN US1651677353
American energy company
* 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 ($45.1m this quarter). Holder counts are more reliable. Shares outstanding: 134.0m as of 2022-10-28, 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 ≈ $94.19. Options: 20 managers hold calls ($257.3m notional), 17 hold puts ($271.4m).
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $75.7m803.3k shares |
| CITADEL ADVISORS LLC | — | $55.3m586.8k shares |
| EMINENCE CAPITAL, LP | — | $41.1m436.0k shares |
| Parallax Volatility Advisers, L.P. | — | $35.8m380.2k shares |
| Caption Management, LLC | — | $11.3m120.0k shares |
| PEAK6 Investments LLC | — | $10.6m112.3k shares |
| MILLENNIUM MANAGEMENT LLC | — | $6.2m66.2k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | — | $5.7m60.0k shares |
| Walleye Trading LLC | — | $5.0m53.0k shares |
| BANK OF MONTREAL /CAN/ | — | $3.3m32.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $88.5m939.1k shares |
| CITADEL ADVISORS LLC | — | $60.9m646.3k shares |
| Laurion Capital Management LP | — | $56.5m600.0k shares |
| SIMPLEX TRADING, LLC | — | $16.9m178.9k shares |
| WOLVERINE TRADING, LLC | — | $14.2m150.8k shares |
| Caption Management, LLC | — | $12.4m131.2k shares |
| Parallax Volatility Advisers, L.P. | — | $7.6m80.4k shares |
| CSS LLC/IL | — | $4.1m43.7k shares |
| JANE STREET GROUP, LLC | — | $3.7m39.5k shares |
| Twin Tree Management, LP | — | $2.6m27.3k 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 -2.4 pts · filed 2025-04-17 | 7.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| STATE STREET CORP 13G · institution +1.2 pts · filed 2026-08-07 | 6.5% |
Fell to 5% or below in the last year: Capital Research Global Investors (2.8%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRICE T ROWE ASSOCIATES INC /MD/ (4.6%, 2025-11-14)
Insider purchases and sales in Q3 2022
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2020 | 0 | — | 0 | — | — |
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 3 | $996.5k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
None reported in Q3 2022.
Holders, Q3 2022
| Manager | Shares | Change |
|---|---|---|
| Blackstone Inc. 4.45% of their portfolio | 12.7m $1.2bn | — |
| VANGUARD GROUP INC 0.03% of their portfolio | 11.2m $1.1bn | — |
| Capital World Investors 0.21% of their portfolio | 10.1m $953.5m | — |
| OAKTREE CAPITAL MANAGEMENT LP 10.45% of their portfolio | 9.8m $923.3m | — |
| PRUDENTIAL FINANCIAL INC 0.97% of their portfolio | 6.1m $571.4m | — |
| BlackRock Inc. 0.02% of their portfolio | 5.7m $537.5m | — |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 5.3m $496.6m | — |
| D. E. Shaw & Co., Inc. 0.57% of their portfolio | 3.5m $327.5m | — |
| FMR LLC 0.03% of their portfolio | 3.4m $322.2m | — |
| Orbis Allan Gray Ltd 2.41% of their portfolio | 3.1m $294.1m | — |
| Kimmeridge Energy Management Company, LLC 10.83% of their portfolio | 2.6m $241.6m | — |
| Glendon Capital Management LP 19.14% of their portfolio | 2.3m $218.8m | — |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.2m $207.0m | — |
| LORD, ABBETT & CO. LLC 0.73% of their portfolio | 2.1m $199.0m | — |
| Clearbridge Investments, LLC 0.20% of their portfolio | 2.1m $198.6m | — |
| Slate Path Capital LP 11.70% of their portfolio | 1.9m $179.8m | — |
| STATE STREET CORP 0.01% of their portfolio | 1.7m $162.7m | — |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.6m $150.3m | — |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.4m $135.9m | — |
| TWO SIGMA INVESTMENTS, LP 0.47% of their portfolio | 1.4m $135.4m | — |
| Invesco Ltd. 0.04% of their portfolio | 1.3m $126.9m | — |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.2m $115.9m | — |
| RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio | 1.1m $101.0m | — |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio | 936.0k $88.2m | — |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.21% of their portfolio | 910.8k $85.8m | — |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 905.3k $85.3m | — |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 869.9k $82.0m | — |
| Weiss Asset Management LP 1.95% of their portfolio | 790.9k $74.5m | — |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 713.2k $67.2m | — |
| Cannell & Co. 2.54% of their portfolio | 704.0k $66.3m | — |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 682.5k $64.3m | — |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 659.1k $62.2m | — |
| KGH Ltd 4.15% of their portfolio | 643.1k $53.6m | — |
| THOMPSON SIEGEL & WALMSLEY LLC 1.01% of their portfolio | 621.6k $58.6m | — |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 620.4k $58.5m | — |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 596.2k $56.2m | — |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 576.1k $54.3m | — |
| Castle Hook Partners LP 8.42% of their portfolio | 562.7k $53.0m | — |
| Ruffer LLP 3.50% of their portfolio | 550.3k $55.9m | — |
| SCOUT INVESTMENTS, INC. 1.07% of their portfolio | 548.2k $51.6m | — |
| VAN ECK ASSOCIATES CORP 0.15% of their portfolio | 541.9k $51.1m | — |
| KADENSA CAPITAL Ltd 15.93% of their portfolio | 517.3k $48.7m | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 513.9k $48.4m | — |
| MORGAN STANLEY 0.01% of their portfolio | 508.3k $47.9m | — |
| Cubist Systematic Strategies, LLC 0.32% of their portfolio | 462.5k $43.6m | — |
| Pacer Advisors, Inc. 0.30% of their portfolio | 451.5k $42.5m | — |
| COBALT CAPITAL MANAGEMENT, INC. 17.17% of their portfolio | 450.0k $42.4m | — |
| Allianz Asset Management GmbH 0.09% of their portfolio | 439.9k $41.4m | — |
| Holocene Advisors, LP 0.26% of their portfolio | 436.9k $41.2m | — |
| HRT FINANCIAL LP 0.45% of their portfolio | 433.0k $40.8m | — |
| NORTHERN TRUST CORP 0.01% of their portfolio | 423.1k $39.9m | — |
| ADVISORY RESEARCH INC 3.75% of their portfolio | 406.9k $38.3m | — |
| Qube Research & Technologies Ltd 0.24% of their portfolio | 403.8k $38.0m | — |
| ExodusPoint Capital Management, LP 0.53% of their portfolio | 399.6k $37.6m | — |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 398.8k $37.6m | — |
| LSP Investment Advisors, LLC 14.83% of their portfolio | 371.9k $35.0m | — |
| Merewether Investment Management, LP 3.37% of their portfolio | 356.7k $33.6m | — |
| SCHWARTZ INVESTMENT COUNSEL INC 1.65% of their portfolio | 341.3k $32.2m | — |
| PointState Capital LP 1.61% of their portfolio | 334.9k $31.5m | — |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 320.2k $30.2m | — |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 318.4k $30.0m | — |
| THORNBURG INVESTMENT MANAGEMENT INC 0.51% of their portfolio | 306.2k $28.8m | — |
| Squarepoint Ops LLC 0.26% of their portfolio | 305.3k $28.8m | — |
| California Public Employees Retirement System 0.02% of their portfolio | 280.9k $26.5m | — |
| Nicholas Investment Partners, LP 2.41% of their portfolio | 276.1k $26.0m | — |
| Swiss National Bank 0.02% of their portfolio | 271.6k $25.6m | — |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 255.4k $24.1m | — |
| WHITEBOX ADVISORS LLC 0.67% of their portfolio | 255.2k $24.0m | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 254.9k $24.0m | — |
| UBS Group AG 0.01% of their portfolio | 252.9k $23.8m | — |
| Electron Capital Partners, LLC 1.13% of their portfolio | 250.7k $23.6m | — |
| Alta Fundamental Advisers LLC 10.24% of their portfolio | 249.9k $23.5m | — |
| River Road Asset Management, LLC 0.34% of their portfolio | 244.2k $23.0m | — |
| STATE OF WISCONSIN INVESTMENT BOARD 0.07% of their portfolio | 230.1k $21.7m | — |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 229.5k $21.6m | — |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 227.2k $21.4m | — |
| PAYDEN & RYGEL 1.23% of their portfolio | 222.9k $21.0m | — |
| SIR Capital Management, L.P. 3.49% of their portfolio | 219.5k $20.7m | — |
| Lion Point Capital, LP 7.83% of their portfolio | 209.2k $19.4m | — |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 201.8k $19.0m | — |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 198.9k $18.7m | — |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 196.0k $18.5m | — |
| HITE Hedge Asset Management LLC 1.55% of their portfolio | 195.0k $18.4m | — |
| TCW GROUP INC 0.26% of their portfolio | 190.4k $17.9m | — |
| Schonfeld Strategic Advisors LLC 0.15% of their portfolio | 185.6k $17.5m | — |
| QVT Financial LP 1.43% of their portfolio | 184.3k $17.4m | — |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 171.5k $16.2m | — |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 171.1k $16.1m | — |
| Sagefield Capital LP 5.08% of their portfolio | 170.0k $16.0m | — |
| Legal & General Group Plc 0.01% of their portfolio | 163.8k $15.4m | — |
| BRANDES INVESTMENT PARTNERS, LP 0.40% of their portfolio | 163.3k $15.4m | — |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.59% of their portfolio | 155.7k $14.7m | — |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 154.4k $14.5m | — |
| Aventail Capital Group, LP 1.08% of their portfolio | 150.0k $14.1m | — |
| ROYCE & ASSOCIATES LP 0.16% of their portfolio | 148.0k $13.9m | — |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 146.8k $13.8m | — |
| Laurion Capital Management LP 0.37% of their portfolio | 142.8k $13.5m | — |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 139.1k $13.1m | — |
| PICTET ASSET MANAGEMENT SA 0.02% of their portfolio | 138.0k $13.0m | — |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 136.0k $12.8m | — |