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 ($66.2m this quarter). Holder counts are more reliable. Shares outstanding: 131.3m as of 2024-07-25, 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 ≈ $82.20. Options: 19 managers hold calls ($347.3m notional), 18 hold puts ($253.0m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 435 |
| Q4 2022 | 491 |
| Q1 2023 | 458 |
| Q2 2023 | 457 |
| Q3 2023 | 479 |
| Q4 2023 | 468 |
| Q1 2024 | 495 |
| Q2 2024 | 471 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 303 | 177 |
| Q1 2023 | 269 | 232 |
| Q2 2023 | 220 | 224 |
| Q3 2023 | 258 | 199 |
| Q4 2023 | 172 | 280 |
| Q1 2024 | 239 | 251 |
| Q2 2024 | 227 | 251 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $281.7m | $324.9m | 1.15 |
| Q4 2023 | $145.5m | $159.6m | 1.10 |
| Q1 2024 | $295.3m | $159.6m | 0.54 |
| Q2 2024 | $347.3m | $253.0m | 0.73 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.6m |
| STATE STREET CORP | Added | +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +978.5k |
| Kimmeridge Energy Management Company, LLC | Added | +827.0k |
| MILLENNIUM MANAGEMENT LLC | New | +822.6k |
| Invesco Ltd. | Added | +678.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +624.9k |
| BARCLAYS PLC | Added | +597.1k |
| DIMENSIONAL FUND ADVISORS LP | Added | +510.7k |
| 1832 Asset Management L.P. | Added | +490.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.3m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.4m |
| Encompass Capital Advisors LLC | Sold out | -593.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -497.3k |
| THOMPSON SIEGEL & WALMSLEY LLC | Reduced | -478.4k |
| LSV ASSET MANAGEMENT | Reduced | -477.2k |
| Ceredex Value Advisors LLC | Reduced | -418.7k |
| Holocene Advisors, LP | Sold out | -307.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -298.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -272.8k |
Biggest calls
| BARCLAYS PLC | New | $101.4m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $58.4m710.3k shares |
| Walleye Trading LLC | Reduced | $58.2m708.3k shares |
| CITADEL ADVISORS LLC | Added | $55.1m670.3k shares |
| Squarepoint Ops LLC | Added | $17.0m206.9k shares |
| CITIGROUP INC | New | $11.5m140.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $8.3m100.6k shares |
| D. E. Shaw & Co., Inc. | Added | $8.2m100.0k shares |
| ROYAL BANK OF CANADA | New | $7.8m94.5k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $6.2m75.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $71.9m875.1k shares |
| JANE STREET GROUP, LLC | Added | $48.4m588.7k shares |
| CITADEL ADVISORS LLC | Added | $43.9m534.6k shares |
| Squarepoint Ops LLC | Added | $31.3m381.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $21.1m256.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.1m98.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.5m67.0k shares |
| PEAK6 Investments LLC | Added | $4.8m58.7k shares |
| D. E. Shaw & Co., Inc. | Added | $4.1m50.0k shares |
| WOLVERINE TRADING, LLC | Added | $3.7m45.0k 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 Q2 2024
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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 12.7m $1.0bn | Added +85.2k |
| Blackstone Inc. 4.63% of their portfolio | 12.7m $1.0bn | Added +9.6k |
| BlackRock Inc. 0.02% of their portfolio | 11.5m $941.7m | Added +22.4k |
| T. Rowe Price Investment Management, Inc. 0.59% of their portfolio | 11.4m $937.0m | Reduced -1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 10.0m $825.0m | Added +978.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 7.5m $613.7m | Added +1.6m |
| OAKTREE CAPITAL MANAGEMENT LP 9.73% of their portfolio | 6.9m $564.7m | Reduced -113.2k |
| LORD, ABBETT & CO. LLC 0.71% of their portfolio | 5.2m $430.1m | Added +34.1k |
| STATE STREET CORP 0.02% of their portfolio | 5.0m $414.5m | Added +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 4.1m $338.6m | Added +292.6k |
| FIRST TRUST ADVISORS LP 0.32% of their portfolio | 3.8m $313.9m | Added +291.9k |
| Kimmeridge Energy Management Company, LLC 18.76% of their portfolio | 3.7m $303.7m | Added +827.0k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.3m $274.0m | Added +510.7k |
| Thrivent Financial for Lutherans 0.43% of their portfolio | 2.6m $212.8m | Added +15.5k |
| Invesco Ltd. 0.04% of their portfolio | 2.5m $209.0m | Added +678.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.5m $204.5m | Added +143.2k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.4m $194.1m | Reduced -239.3k |
| Glendon Capital Management LP 13.30% of their portfolio | 2.1m $174.5m | Unchanged |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $149.5m | Reduced -23.6k |
| FMR LLC 0.01% of their portfolio | 1.6m $129.7m | Added +41.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 1.5m $126.2m | Added +624.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $111.0m | Reduced -13.2k |
| PRUDENTIAL FINANCIAL INC 0.13% of their portfolio | 1.0m $85.2m | Reduced -101.5k |
| Ceredex Value Advisors LLC 1.37% of their portfolio | 880.9k $72.4m | Reduced -418.7k |
| Cannell & Spears LLC 1.43% of their portfolio | 837.5k $68.8m | Added +42.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 824.0k $67.7m | Added +84.9k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 822.6k $67.6m | New |
| BARCLAYS PLC 0.03% of their portfolio | 779.4k $64.1m | Added +597.1k |
| Capital World Investors 0.01% of their portfolio | 768.0k $63.1m | Reduced -50.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 708.6k $58.2m | Added +36.4k |
| 1832 Asset Management L.P. 0.10% of their portfolio | 688.0k $56.5m | Added +490.2k |
| MORGAN STANLEY 0.00% of their portfolio | 683.3k $56.2m | Reduced -2.3m |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 609.5k $50.1m | Reduced -25.1k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 538.4k $44.3m | Reduced -12.8k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 536.6k $44.1m | Added +11.8k |
| TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio | 529.7k $43.5m | Reduced -497.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 501.4k $41.2m | Reduced -71.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 488.7k $40.2m | Added +415.6k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 474.5k $39.0m | Added +15.0k |
| Amundi 0.01% of their portfolio | 460.9k $38.5m | Added +7.6k |
| DEPRINCE RACE & ZOLLO INC 0.81% of their portfolio | 439.9k $36.2m | Added +39.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 436.0k $35.8m | Reduced -32.1k |
| Legal & General Group Plc 0.01% of their portfolio | 407.4k $33.5m | Reduced -16.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 397.9k $32.7m | Reduced -25.7k |
| Waratah Capital Advisors Ltd. 1.97% of their portfolio | 396.2k $32.6m | Added +159.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 333.7k $27.4m | Added +5.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 329.5k $27.1m | Reduced -4.4k |
| Swiss National Bank 0.02% of their portfolio | 329.2k $27.1m | Reduced -3.7k |
| PointState Capital LP 0.77% of their portfolio | 328.9k $27.0m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 318.9k $26.2m | Added +43.2k |
| Hartree Partners, LP 6.59% of their portfolio | 317.0k $26.1m | Added +127.0k |
| UBS Group AG 0.01% of their portfolio | 307.9k $25.3m | Added +23.0k |
| Retirement Systems of Alabama 0.10% of their portfolio | 307.9k $25.3m | Reduced -2.1k |
| SCHWARTZ INVESTMENT COUNSEL INC 0.92% of their portfolio | 303.2k $24.9m | Unchanged |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.41% of their portfolio | 284.3k $23.4m | Added +39.7k |
| Vest Financial, LLC 0.55% of their portfolio | 278.3k $22.9m | Added +58.2k |
| LSV ASSET MANAGEMENT 0.05% of their portfolio | 277.9k $22.8m | Reduced -477.2k |
| TD Asset Management Inc 0.02% of their portfolio | 273.5k $22.5m | Reduced -100 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 272.5k $22.4m | Reduced -73.0k |
| SASCO CAPITAL INC / CT/ 2.89% of their portfolio | 249.0k $20.5m | Unchanged |
| Patient Capital Management, LLC 1.06% of their portfolio | 243.2k $20.0m | Reduced -30.1k |
| Asia Research & Capital Management Ltd 17.06% of their portfolio | 240.5k $19.8m | New |
| TUDOR INVESTMENT CORP ET AL 0.21% of their portfolio | 231.9k $19.1m | New |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 227.2k $18.7m | Added +150.1k |
| CIBC Private Wealth Group LLC 0.03% of their portfolio | 222.5k $18.4m | Added +54.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 219.5k $18.0m | Reduced -233 |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.16% of their portfolio | 219.0k $18.0m | Reduced -103.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 215.8k $17.7m | Reduced -102.7k |
| Sagefield Capital LP 1.87% of their portfolio | 215.2k $17.7m | Added +51.9k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 206.6k $17.0m | Reduced -132.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 202.1k $16.6m | Reduced -22.2k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 199.7k $16.4m | Reduced -368 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 191.3k $15.7m | Reduced -4.8k |
| APPALOOSA LP 0.25% of their portfolio | 188.0k $15.5m | Reduced -15.0k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 174.1k $14.3m | Added +61.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 173.4k $14.3m | First filing |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.16% of their portfolio | 173.2k $14.2m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 164.9k $13.5m | Added +10.8k |
| Invenomic Capital Management LP 0.70% of their portfolio | 162.6k $13.4m | Added +109.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 155.1k $12.7m | Added +40.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 147.6k $12.1m | Reduced -2.1k |
| CLOUGH CAPITAL PARTNERS L P 1.31% of their portfolio | 146.2k $12.0m | Added +5.4k |
| Cambria Investment Management, L.P. 0.73% of their portfolio | 146.1k $12.0m | Added +8.3k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.41% of their portfolio | 143.3k $11.8m | Reduced -21.1k |
| Hodges Capital Management Inc. 0.80% of their portfolio | 142.9k $11.7m | Added +950 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 141.9k $11.7m | Reduced -9.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 141.9k $11.7m | Added +6.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.27% of their portfolio | 141.4k $11.6m | Added +59.4k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 141.0k $11.6m | First filing |
| CITIGROUP INC 0.01% of their portfolio | 134.4k $11.0m | Added +53.3k |
| DANSKE BANK A/S 0.04% of their portfolio | 131.9k $10.8m | Added +5.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 128.8k $10.6m | Added +4.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 123.0k $10.1m | Reduced -29.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 119.0k $9.8m | Reduced -34.9k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 115.6k $9.5m | Added +5.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 114.5k $9.4m | Reduced -9.6k |
| Employees Retirement System of Texas 0.09% of their portfolio | 113.4k $9.3m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 112.0k $9.2m | Added +2.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 110.3k $9.1m | Reduced -9.2k |
| Goehring & Rozencwajg Associates, LLC 1.73% of their portfolio | 106.2k $8.7m | Added +10.4k |