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 ($278.2m this quarter). Holder counts are more reliable. Shares outstanding: 238.0m as of 2025-04-24, 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 ≈ $111.28. Options: 34 managers hold calls ($722.6m notional), 33 hold puts ($1.1bn).
Trends to Q1 2025
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 |
| Q4 2024 | 641 |
| Q1 2025 | 738 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 220 | 224 |
| Q3 2023 | 258 | 199 |
| Q4 2023 | 172 | 280 |
| Q1 2024 | 239 | 251 |
| Q2 2024 | 227 | 251 |
| Q3 2024 | 244 | 224 |
| Q4 2024 | 472 | 141 |
| Q1 2025 | 419 | 263 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $347.3m | $253.0m | 0.73 |
| Q3 2024 | $305.6m | $199.7m | 0.65 |
| Q4 2024 | $761.3m | $501.8m | 0.66 |
| Q1 2025 | $722.6m | $1.1bn | 1.45 |
Biggest buyers
| STATE STREET CORP | Added | +4.4m |
| VANGUARD GROUP INC | Added | +3.9m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +2.0m |
| AGF MANAGEMENT LTD | Added | +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.5m |
| Invesco Ltd. | Added | +1.4m |
| Squarepoint Ops LLC | Added | +1.1m |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Added | +1.0m |
| Zurich Insurance Group Ltd/FI | New | +979.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +910.8k |
Biggest sellers
| Blackstone Inc. | Reduced | -4.6m |
| BlackRock, Inc. | Reduced | -4.6m |
| T. Rowe Price Investment Management, Inc. | Reduced | -4.1m |
| Kimmeridge Energy Management Company, LLC | Reduced | -3.1m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -3.1m |
| FIRST TRUST ADVISORS LP | Reduced | -2.9m |
| FMR LLC | Reduced | -2.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.3m |
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -1.4m |
| EnCap Energy Capital Fund IX, L.P. | Sold out | -1.2m |
Biggest calls
| BANK OF AMERICA CORP /DE/ | Added | $140.5m1.3m shares |
| BARCLAYS PLC | New | $131.0m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $111.6m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $70.6m634.5k shares |
| D. E. Shaw & Co., Inc. | Added | $39.9m358.3k shares |
| JANE STREET GROUP, LLC | Reduced | $38.3m343.7k shares |
| PINNBROOK CAPITAL MANAGEMENT LP | New | $24.8m222.4k shares |
| PEAK6 LLC | Added | $23.4m210.0k shares |
| MILLENNIUM MANAGEMENT LLC | New | $19.8m177.8k shares |
| CastleKnight Management LP | Added | $16.7m150.0k shares |
Biggest puts
| BANK OF AMERICA CORP /DE/ | Added | $337.3m3.0m shares |
| BARCLAYS PLC | New | $124.1m1.1m shares |
| 1832 Asset Management L.P. | New | $118.0m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $95.7m859.3k shares |
| NOMURA HOLDINGS INC | New | $80.8m726.0k shares |
| CITADEL ADVISORS LLC | Reduced | $67.2m603.3k shares |
| Yaupon Capital Management LP | New | $44.5m400.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $29.3m2.6k shares |
| Walleye Trading LLC | Added | $21.8m195.5k shares |
| IMC-Chicago, LLC | Added | $21.5m192.9k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $4.3m | — |
| Q1 2025 | 1 | $248.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-05 | DELL'OSSO DOMENIC J JR President and CEO, director | Bought | $248.8k2.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 26.7m $3.0bn | Added +3.9m |
| BlackRock, Inc. 0.04% of their portfolio | 18.6m $2.1bn | Reduced -4.6m |
| STATE STREET CORP 0.06% of their portfolio | 12.3m $1.4bn | Added +4.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 11.8m $1.3bn | Reduced -2.3m |
| Capital Research Global Investors 0.23% of their portfolio | 9.4m $1.0bn | Reduced -983.5k |
| T. Rowe Price Investment Management, Inc. 0.46% of their portfolio | 6.3m $701.8m | Reduced -4.1m |
| Blackstone Inc. 2.78% of their portfolio | 5.7m $635.5m | Reduced -4.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 5.6m $626.2m | Added +1.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 5.6m $624.1m | Added +482.7k |
| OAKTREE CAPITAL MANAGEMENT LP 12.58% of their portfolio | 5.6m $619.2m | Reduced -1.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.17% of their portfolio | 4.7m $518.3m | Added +910.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.26% of their portfolio | 4.2m $469.0m | Added +2.0m |
| Invesco Ltd. 0.08% of their portfolio | 3.9m $433.4m | Added +1.4m |
| 1832 Asset Management L.P. 0.79% of their portfolio | 3.7m $414.3m | Reduced -292.6k |
| AGF MANAGEMENT LTD 2.14% of their portfolio | 3.6m $404.5m | Added +1.7m |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 3.4m $380.2m | Reduced -3.1m |
| Kimmeridge Energy Management Company, LLC 28.93% of their portfolio | 3.2m $354.5m | Reduced -3.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 3.1m $341.7m | Added +669.0k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 2.9m $326.7m | Reduced -253.3k |
| DISCIPLINED GROWTH INVESTORS INC /MN 6.17% of their portfolio | 2.7m $298.3m | Reduced -57.3k |
| CITADEL ADVISORS LLC 0.28% of their portfolio | 2.6m $284.7m | Added +695.9k |
| FMR LLC 0.02% of their portfolio | 2.5m $281.4m | Reduced -2.8m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.2m $239.4m | Added +228.2k |
| Glendon Capital Management LP 13.76% of their portfolio | 2.1m $237.3m | Reduced -11.4k |
| Thrivent Financial for Lutherans 0.51% of their portfolio | 2.1m $234.1m | Reduced -951.0k |
| MORGAN STANLEY 0.02% of their portfolio | 2.1m $232.7m | Added +450.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.0m $224.3m | Added +537.8k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.9m $213.0m | Reduced -46.4k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 1.9m $206.5m | Added +808.8k |
| Castle Hook Partners LP 5.06% of their portfolio | 1.7m $192.5m | Added +623.3k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $160.7m | Added +644.3k |
| LORD, ABBETT & CO. LLC 0.55% of their portfolio | 1.4m $153.4m | Reduced -331.2k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 1.2m $134.2m | Reduced -157.5k |
| Slate Path Capital LP 2.34% of their portfolio | 1.2m $129.3m | Added +28.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.27% of their portfolio | 1.1m $127.0m | Added +63.4k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 1.1m $124.0m | Reduced -2.9m |
| Squarepoint Ops LLC 0.30% of their portfolio | 1.1m $121.9m | Added +1.1m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.1m $120.5m | Added +98.1k |
| UBS Group AG 0.03% of their portfolio | 1.1m $118.0m | Added +299.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.73% of their portfolio | 1.0m $116.3m | Added +1.0m |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 1.0m $114.7m | Reduced -379.3k |
| Zurich Insurance Group Ltd/FI 0.88% of their portfolio | 979.0k $109.0m | New |
| Stephens Investment Management Group LLC 1.56% of their portfolio | 970.6k $108.0m | Reduced -57.0k |
| Legal & General Group Plc 0.03% of their portfolio | 940.3k $104.7m | Added +275.0k |
| Balyasny Asset Management L.P. 0.24% of their portfolio | 871.4k $97.0m | Added +855.8k |
| TWO SIGMA INVESTMENTS, LP 0.21% of their portfolio | 868.1k $96.6m | New |
| Encompass Capital Advisors LLC 3.71% of their portfolio | 867.6k $96.6m | Reduced -145.9k |
| Kopernik Global Investors, LLC 9.98% of their portfolio | 864.5k $96.2m | Reduced -55.5k |
| TWO SIGMA ADVISERS, LP 0.20% of their portfolio | 812.3k $90.4m | New |
| Ninepoint Partners LP 15.64% of their portfolio | 800.0k $89.1m | Added +400.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 759.3k $84.5m | Added +396.3k |
| Amundi 0.03% of their portfolio | 753.6k $83.3m | Reduced -24.2k |
| Nuveen, LLC 0.03% of their portfolio | 749.6k $83.5m | First filing |
| Sagefield Capital LP 9.90% of their portfolio | 737.7k $82.1m | Reduced -89.9k |
| Canoe Financial LP 1.27% of their portfolio | 731.0k $79.0m | Added +303.4k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 665.9k $74.1m | Added +127.4k |
| Merewether Investment Management, LP 2.69% of their portfolio | 664.7k $74.0m | Added +164.8k |
| Cannell & Spears LLC 1.47% of their portfolio | 613.8k $68.3m | Reduced -148.4k |
| Swiss National Bank 0.05% of their portfolio | 586.7k $65.3m | Added +9.7k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 582.6k $64.6m | Reduced -79.8k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 558.5k $62.2m | Added +28.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.05% of their portfolio | 550.7k $61.3m | Reduced -23.8k |
| Ceredex Value Advisors LLC 1.34% of their portfolio | 550.2k $61.2m | Reduced -269.1k |
| BARCLAYS PLC 0.03% of their portfolio | 547.2k $60.9m | Added +119.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 545.5k $60.7m | Added +69.4k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 518.3k $57.7m | Added +283.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 507.3k $56.5m | New |
| NATIXIS ADVISORS, LLC 0.10% of their portfolio | 483.5k $53.8m | Added +18.5k |
| HITE Hedge Asset Management LLC 3.23% of their portfolio | 467.6k $52.0m | Added +260.2k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 450.2k $50.1m | Reduced -52.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 440.4k $49.0m | First filing |
| Clearbridge Investments, LLC 0.04% of their portfolio | 439.1k $48.9m | Reduced -198 |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 422.4k $47.0m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 422.3k $47.0m | Added +270.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 420.5k $46.8m | Reduced -251.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 418.1k $46.5m | Added +315.8k |
| Woodline Partners LP 0.30% of their portfolio | 409.3k $45.6m | New |
| TD Asset Management Inc 0.04% of their portfolio | 407.9k $45.4m | Added +40.1k |
| Two Creeks Capital Management, LP 2.87% of their portfolio | 404.0k $45.0m | Added +56.9k |
| NOMURA HOLDINGS INC 0.24% of their portfolio | 401.1k $44.7m | Added +353.3k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 391.6k $43.6m | Reduced -223.1k |
| CITIGROUP INC 0.03% of their portfolio | 387.8k $43.2m | Added +251.3k |
| MACKENZIE FINANCIAL CORP 0.06% of their portfolio | 382.5k $42.6m | Reduced -446.3k |
| DEPRINCE RACE & ZOLLO INC 0.88% of their portfolio | 379.2k $42.2m | Reduced -57.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 375.8k $41.8m | Reduced -16.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 374.5k $41.7m | Added +186.9k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.42% of their portfolio | 370.4k $41.2m | Reduced -12.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 358.0k $39.9m | Added +69.8k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 357.7k $39.8m | Added +139.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 327.1k $36.4m | Added +212.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.26% of their portfolio | 320.2k $35.6m | First filing |
| Mercuria Capital Strategies, LLC 42.74% of their portfolio | 316.9k $35.3m | Reduced -71.1k |
| Jain Global LLC 0.70% of their portfolio | 305.6k $34.0m | New |
| National Pension Service 0.03% of their portfolio | 296.9k $33.1m | Reduced -20.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 284.0k $31.6m | Added +113.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 277.7k $30.9m | Reduced -103.2k |
| Capital World Investors 0.00% of their portfolio | 274.1k $30.5m | Reduced -52.3k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 265.2k $29.5m | Reduced -54.2k |
| CLOUGH CAPITAL PARTNERS L P 3.65% of their portfolio | 259.5k $28.9m | Reduced -135.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.26% of their portfolio | 254.2k $28.3m | Added +12.4k |