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 ($52.7m this quarter). Holder counts are more reliable. Shares outstanding: 231.0m as of 2024-10-24, 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 ≈ $82.36. Options: 19 managers hold calls ($305.6m notional), 18 hold puts ($199.7m).
Trends to Q3 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 |
| Q3 2024 | 468 |
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 |
| Q3 2024 | 244 | 224 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $145.5m | $159.6m | 1.10 |
| Q1 2024 | $295.3m | $159.6m | 0.54 |
| Q2 2024 | $347.3m | $253.0m | 0.73 |
| Q3 2024 | $305.6m | $199.7m | 0.65 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.2m |
| 1832 Asset Management L.P. | Added | +3.3m |
| Capital Research Global Investors | New | +1.8m |
| Asia Research & Capital Management Ltd | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.4m |
| AMERIPRISE FINANCIAL INC | Added | +967.2k |
| Kimmeridge Energy Management Company, LLC | Added | +957.9k |
| Balyasny Asset Management L.P. | New | +592.2k |
| FIRST TRUST ADVISORS LP | Added | +546.3k |
| Sourcerock Group LLC | New | +335.1k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Reduced | -3.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -797.3k |
| BARCLAYS PLC | Reduced | -538.7k |
| Invesco Ltd. | Reduced | -497.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -375.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -352.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -339.5k |
| RHUMBLINE ADVISERS | Sold out | -333.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $64.9m789.5k shares |
| Walleye Trading LLC | Added | $61.8m751.0k shares |
| CITADEL ADVISORS LLC | Reduced | $51.5m625.6k shares |
| BANK OF AMERICA CORP /DE/ | Added | $48.6m590.8k shares |
| JANE STREET GROUP, LLC | New | $19.7m239.1k shares |
| CITIGROUP INC | Unchanged | $11.5m140.0k shares |
| Squarepoint Ops LLC | Reduced | $9.9m120.1k shares |
| Waratah Capital Advisors Ltd. | New | $9.9m120.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $8.6m105.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $7.6m92.6k shares |
Biggest puts
| BARCLAYS PLC | New | $78.7m956.5k shares |
| CITADEL ADVISORS LLC | Reduced | $33.9m411.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.5m285.5k shares |
| BANK OF AMERICA CORP /DE/ | Added | $21.9m266.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $10.9m132.4k shares |
| Parallax Volatility Advisers, L.P. | New | $6.6m80.0k shares |
| PEAK6 Investments LLC | Reduced | $4.8m58.4k shares |
| D. E. Shaw & Co., Inc. | Added | $4.3m51.8k shares |
| Squarepoint Ops LLC | Reduced | $4.0m48.4k shares |
| Walleye Trading LLC | Reduced | $2.8m34.5k 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.13% of their portfolio | 14.2m $1.2bn | Added +4.2m |
| VANGUARD GROUP INC 0.02% of their portfolio | 12.8m $1.1bn | Added +97.8k |
| Blackstone Inc. 4.74% of their portfolio | 12.7m $1.0bn | Unchanged |
| BlackRock, Inc. 0.02% of their portfolio | 12.6m $1.0bn | First filing |
| T. Rowe Price Investment Management, Inc. 0.51% of their portfolio | 10.2m $841.7m | Reduced -1.2m |
| OAKTREE CAPITAL MANAGEMENT LP 9.42% of their portfolio | 6.9m $565.1m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 5.5m $449.0m | Reduced -2.0m |
| STATE STREET CORP 0.02% of their portfolio | 5.3m $434.9m | Added +244.6k |
| Kimmeridge Energy Management Company, LLC 24.37% of their portfolio | 4.7m $382.7m | Added +957.9k |
| FIRST TRUST ADVISORS LP 0.34% of their portfolio | 4.4m $359.0m | Added +546.3k |
| 1832 Asset Management L.P. 0.55% of their portfolio | 4.0m $329.4m | Added +3.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 3.7m $308.0m | Reduced -375.3k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.3m $273.3m | Reduced -11.5k |
| Thrivent Financial for Lutherans 0.44% of their portfolio | 2.8m $233.5m | Added +249.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.5m $207.6m | Added +30.6k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.4m $201.2m | Added +84.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.1m $176.7m | Added +329.6k |
| Glendon Capital Management LP 10.68% of their portfolio | 2.1m $174.6m | Unchanged |
| Invesco Ltd. 0.03% of their portfolio | 2.0m $168.3m | Reduced -497.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 1.8m $148.9m | Added +276.6k |
| Capital Research Global Investors 0.03% of their portfolio | 1.8m $148.3m | New |
| Asia Research & Capital Management Ltd 66.58% of their portfolio | 1.8m $144.6m | Added +1.5m |
| LORD, ABBETT & CO. LLC 0.45% of their portfolio | 1.7m $141.1m | Reduced -3.5m |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 1.6m $131.6m | Added +1.4m |
| FMR LLC 0.01% of their portfolio | 1.6m $130.9m | Added +14.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.3m $105.8m | Added +967.2k |
| Ceredex Value Advisors LLC 1.88% of their portfolio | 1.2m $96.6m | Added +293.1k |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 1.0m $84.6m | Reduced -7.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $83.2m | Reduced -339.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 881.3k $72.5m | Added +172.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 828.6k $68.2m | Added +4.7k |
| MORGAN STANLEY 0.00% of their portfolio | 713.7k $58.7m | Added +30.4k |
| Capital World Investors 0.01% of their portfolio | 693.8k $57.1m | Reduced -74.2k |
| Cannell & Spears LLC 1.12% of their portfolio | 689.2k $56.7m | Reduced -148.3k |
| Waratah Capital Advisors Ltd. 3.25% of their portfolio | 663.3k $54.6m | Added +267.1k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 614.1k $50.5m | Added +4.6k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 592.2k $48.7m | New |
| DEPRINCE RACE & ZOLLO INC 0.87% of their portfolio | 551.2k $45.3m | Added +111.3k |
| Legal & General Group Plc 0.01% of their portfolio | 526.7k $43.3m | Added +119.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 479.4k $39.4m | Added +43.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 467.2k $38.4m | Reduced -71.1k |
| Amundi 0.01% of their portfolio | 464.8k $40.0m | Added +3.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 457.1k $37.6m | Added +59.1k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 439.6k $36.2m | Reduced -34.9k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.12% of their portfolio | 382.7k $31.5m | Added +79.5k |
| Swiss National Bank 0.02% of their portfolio | 380.4k $31.3m | Added +51.2k |
| Vest Financial, LLC 0.57% of their portfolio | 361.7k $29.8m | Added +83.4k |
| Hartree Partners, LP 8.18% of their portfolio | 346.1k $28.5m | Added +29.1k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 340.5k $28.0m | Reduced -189.2k |
| Sourcerock Group LLC 2.23% of their portfolio | 335.1k $27.6m | New |
| LEVIN CAPITAL STRATEGIES, L.P. 2.59% of their portfolio | 325.8k $26.8m | Added +233.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.19% of their portfolio | 321.0k $26.4m | Added +101.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 319.2k $26.3m | Reduced -182.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.45% of their portfolio | 318.4k $26.2m | Added +34.1k |
| Retirement Systems of Alabama 0.09% of their portfolio | 305.9k $25.2m | Reduced -1.9k |
| Encompass Capital Advisors LLC 1.20% of their portfolio | 299.4k $24.6m | New |
| CIBC Private Wealth Group LLC 0.04% of their portfolio | 295.5k $24.3m | Added +73.0k |
| Verition Fund Management LLC 0.16% of their portfolio | 293.9k $24.2m | Added +271.2k |
| Sagefield Capital LP 2.57% of their portfolio | 288.0k $23.7m | Added +72.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 279.6k $23.0m | Added +254.8k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 273.8k $22.5m | Reduced -262.9k |
| TD Asset Management Inc 0.02% of their portfolio | 273.4k $22.6m | Reduced -100 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 271.8k $22.4m | Reduced -723 |
| SASCO CAPITAL INC / CT/ 3.23% of their portfolio | 262.2k $21.6m | Added +13.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 248.1k $20.4m | Added +28.6k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.69% of their portfolio | 245.9k $20.2m | Added +102.6k |
| BARCLAYS PLC 0.01% of their portfolio | 240.7k $19.8m | Reduced -538.7k |
| Patient Capital Management, LLC 0.96% of their portfolio | 236.7k $19.5m | Reduced -6.6k |
| Slate Path Capital LP 0.32% of their portfolio | 230.4k $18.9m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 204.9k $16.9m | Added +2.8k |
| UBS Group AG 0.00% of their portfolio | 203.4k $16.7m | Reduced -104.5k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 201.9k $16.8m | Reduced -4.7k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 197.7k $16.3m | Reduced -2.0k |
| ING GROEP NV 0.09% of their portfolio | 196.2k $16.1m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 190.5k $15.7m | Added +48.7k |
| IBEX WEALTH ADVISORS 7.93% of their portfolio | 167.8k $29.0m | Added +166.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 166.9k $13.7m | Added +19.4k |
| APPALOOSA LP 0.20% of their portfolio | 165.0k $13.6m | Reduced -23.0k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.14% of their portfolio | 164.4k $13.5m | Reduced -8.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 161.1k $13.2m | Reduced -3.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 159.3k $13.1m | Reduced -14.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 158.1k $13.0m | Reduced -33.2k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 156.6k $12.9m | Added +1.5k |
| Invenomic Capital Management LP 0.70% of their portfolio | 154.9k $12.7m | Reduced -7.7k |
| CLOUGH CAPITAL PARTNERS L P 1.25% of their portfolio | 148.5k $12.2m | Added +2.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 146.6k $12.1m | Added +53.1k |
| DANSKE BANK A/S 0.04% of their portfolio | 141.2k $11.6m | Added +9.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 139.2k $11.5m | Added +64.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 136.4k $11.2m | Reduced -352.3k |
| LSP Investment Advisors, LLC 5.92% of their portfolio | 133.7k $11.0m | Added +73.5k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 132.1k $10.9m | Reduced -8.9k |
| CITIGROUP INC 0.01% of their portfolio | 128.4k $10.6m | Reduced -6.0k |
| Canoe Financial LP 0.25% of their portfolio | 127.1k $10.5m | New |
| Janney Capital Management LLC 0.71% of their portfolio | 127.1k $10.5m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 126.7k $10.4m | Added +3.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 125.8k $10.4m | Reduced -16.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 121.0k $10.0m | Added +24.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 114.5k $9.4m | Unchanged |
| Employees Retirement System of Texas 0.08% of their portfolio | 113.4k $9.3m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 112.8k $9.3m | Reduced -61.3k |