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 ($80.7m this quarter). Holder counts are more reliable. Shares outstanding: 231.5m as of 2026-07-24, 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 ≈ $91.13. Options: 22 managers hold calls ($454.0m notional), 29 hold puts ($772.1m).
Trends to Q2 2026
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 |
| Q2 2025 | 813 |
| Q3 2025 | 765 |
| Q4 2025 | 872 |
| Q1 2026 | 899 |
| Q2 2026 | 849 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 244 | 224 |
| Q4 2024 | 472 | 141 |
| Q1 2025 | 419 | 263 |
| Q2 2025 | 463 | 302 |
| Q3 2025 | 414 | 375 |
| Q4 2025 | 476 | 308 |
| Q1 2026 | 519 | 363 |
| Q2 2026 | 464 | 412 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $385.4m | $1.1bn | 2.74 |
| Q4 2025 | $406.2m | $660.9m | 1.63 |
| Q1 2026 | $448.8m | $754.4m | 1.68 |
| Q2 2026 | $454.0m | $772.1m | 1.70 |
Biggest buyers
| Assenagon Asset Management S.A. | Added | +2.2m |
| Pacer Advisors, Inc. | Added | +1.6m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.5m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| Invesco Ltd. | Added | +1.1m |
| STATE STREET CORP | Added | +1.1m |
| UBS Group AG | Added | +1.0m |
| Kopernik Global Investors, LLC | Added | +909.9k |
| BlackRock, Inc. | Added | +860.3k |
| Vinva Investment Management Ltd | Added | +836.0k |
Biggest sellers
| Capital World Investors | Reduced | -2.9m |
| Qube Research & Technologies Ltd | Reduced | -1.6m |
| Bank of New York Mellon Corp | Reduced | -1.6m |
| Point72 Asset Management, L.P. | Sold out | -1.5m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -899.0k |
| CITADEL ADVISORS LLC | Reduced | -882.7k |
| Artemis Investment Management LLP | Sold out | -847.9k |
| Canoe Financial LP | Reduced | -838.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $108.6m1.2m shares |
| CITADEL ADVISORS LLC | Added | $88.6m971.9k shares |
| JANE STREET GROUP, LLC | Added | $63.3m694.4k shares |
| D. E. Shaw & Co., Inc. | Added | $40.3m442.4k shares |
| Walleye Trading LLC | Reduced | $36.9m404.4k shares |
| Caption Management, LLC | Reduced | $24.2m265.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $21.9m239.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $18.5m203.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $16.4m179.9k shares |
| Point72 Asset Management, L.P. | Reduced | $8.3m91.3k shares |
Biggest puts
| ROYAL BANK OF CANADA | New | $203.6m2.2m shares |
| JANE STREET GROUP, LLC | Added | $96.1m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $91.8m1.0m shares |
| CITADEL ADVISORS LLC | Added | $89.4m980.9k shares |
| IMC-Chicago, LLC | Added | $70.8m776.8k shares |
| GROUP ONE TRADING LLC | Added | $62.3m683.3k shares |
| NOMURA HOLDINGS INC | Unchanged | $41.6m456.0k shares |
| HRT FINANCIAL LP | Reduced | $27.5m302.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $19.9m218.5k shares |
| Twin Tree Management, LP | Added | $12.6m138.5k 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 since 1 Apr 2026
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 2024 | 0 | — | 1 | $4.3m | — |
| Q1 2025 | 1 | $248.8k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $424.0k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 2 | $315.7k | 0 | — | — |
| Q2 2026 | 2 | $560.9k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-12 | Wichterich Michael Interim President and CEO, director | Bought | $88.9k1.0k shares |
| 2026-06-04 | Teunissen Marcel EVP & CFO | Bought | $185.8k2.0k shares |
| 2026-06-04 | Wichterich Michael Interim President and CEO, director | Bought | $93.4k1.0k shares |
| 2026-05-07 | Teunissen Marcel EVP & CFO | Bought | $192.9k2.0k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 19.5m $1.8bn | Added +860.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 15.6m $1.4bn | Added +72.5k |
| STATE STREET CORP 0.04% of their portfolio | 15.6m $1.4bn | Added +1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 11.8m $1.1bn | Added +476.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 6.7m $611.7m | Added +110.5k |
| Capital Research Global Investors 0.08% of their portfolio | 6.6m $605.8m | Reduced -155.1k |
| Invesco Ltd. 0.04% of their portfolio | 6.1m $552.7m | Added +1.1m |
| VICTORY CAPITAL MANAGEMENT INC 0.28% of their portfolio | 5.4m $492.1m | Added +635.7k |
| AQR CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 5.4m $491.1m | Added +1.5m |
| OAKTREE CAPITAL MANAGEMENT LP 8.99% of their portfolio | 5.2m $477.6m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 3.6m $324.2m | Reduced -164.3k |
| Capital World Investors 0.04% of their portfolio | 3.3m $300.2m | Reduced -2.9m |
| MORGAN STANLEY 0.02% of their portfolio | 3.3m $297.0m | Reduced -58.8k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.9m $267.1m | Reduced -1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.8m $253.1m | Added +310.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.7m $246.7m | Added +398.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.7m $244.2m | Reduced -93.1k |
| Pacer Advisors, Inc. 0.60% of their portfolio | 2.6m $232.9m | Added +1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 2.5m $229.9m | Reduced -1.2m |
| UBS Group AG 0.03% of their portfolio | 2.4m $217.5m | Added +1.0m |
| Assenagon Asset Management S.A. 0.14% of their portfolio | 2.4m $215.8m | Added +2.2m |
| DISCIPLINED GROWTH INVESTORS INC /MN 3.62% of their portfolio | 2.3m $214.0m | Reduced -26.4k |
| Phoenix Financial Ltd. 1.30% of their portfolio | 2.1m $189.7m | Added +289.9k |
| CIBC Bancorp USA Inc. 0.23% of their portfolio | 2.1m $188.0m | Reduced -735.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.0m $184.7m | Added +66.3k |
| Glendon Capital Management LP 23.83% of their portfolio | 2.0m $184.1m | Unchanged |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 2.0m $180.8m | Added +1.3m |
| FMR LLC 0.01% of their portfolio | 1.9m $174.1m | Reduced -130.3k |
| Altshuler Shaham Ltd 2.07% of their portfolio | 1.8m $164.5m | Added +324.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $160.0m | Added +35.2k |
| Kopernik Global Investors, LLC 9.63% of their portfolio | 1.7m $157.2m | Added +909.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $150.9m | Reduced -266.4k |
| Man Group plc 0.27% of their portfolio | 1.6m $148.2m | Added +462.7k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.4m $126.4m | Added +54.4k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.3m $122.4m | Added +977 |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.2m $111.2m | Added +200.8k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.1m $101.1m | Added +166.6k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 1.1m $98.5m | Reduced -1.6m |
| Gotham Asset Management, LLC 0.23% of their portfolio | 1.1m $97.6m | Added +659.6k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 1.1m $96.0m | Added +585.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.0m $95.1m | Added +629.3k |
| Legal & General Group Plc 0.02% of their portfolio | 1.0m $95.0m | Reduced -12.0k |
| Amundi 0.02% of their portfolio | 1.0m $91.8m | Added +54.2k |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 1.0m $91.3m | Reduced -79.3k |
| PRUDENTIAL FINANCIAL INC 0.10% of their portfolio | 998.0k $91.0m | Reduced -1.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 973.0k $85.2m | Added +401.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 964.5k $88.0m | Reduced -224.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.12% of their portfolio | 933.2k $85.1m | Added +224.8k |
| Vinva Investment Management Ltd 0.51% of their portfolio | 873.0k $76.4m | Added +836.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio | 840.7k $76.7m | Added +124.2k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 829.9k $75.7m | Added +53.8k |
| Stephens Investment Management Group LLC 0.80% of their portfolio | 814.6k $74.3m | Added +55.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 805.0k $73.4m | Added +763.3k |
| Sagefield Capital LP 5.42% of their portfolio | 801.3k $73.1m | Added +53.4k |
| SG Americas Securities, LLC 0.04% of their portfolio | 798.6k $72.8m | Added +245.5k |
| LORD, ABBETT & CO. LLC 0.20% of their portfolio | 775.2k $70.7m | Reduced -665.6k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 756.6k $69.0m | Reduced -899.0k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 716.7k $65.4m | Added +478.6k |
| Rokos Capital Management LLP 0.79% of their portfolio | 688.7k $62.8m | Reduced -173.9k |
| Swiss National Bank 0.03% of their portfolio | 678.0k $61.8m | Reduced -21.1k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 675.7k $61.6m | Added +19.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 651.8k $59.4m | Added +41.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 622.0k $56.7m | Reduced -882.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 609.0k $55.5m | Reduced -1.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 581.1k $53.0m | Added +74.1k |
| Nuveen, LLC 0.01% of their portfolio | 575.5k $52.5m | Reduced -42.5k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.95% of their portfolio | 575.1k $52.4m | Added +112.9k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 565.8k $51.6m | Added +63.0k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 549.5k $50.1m | Added +26.2k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 541.8k $49.4m | Reduced -187.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 540.2k $49.3m | Added +35.9k |
| Bank Julius Baer & Co. Ltd, Zurich 0.12% of their portfolio | 528.0k $47.9m | Added +10.6k |
| Squarepoint Ops LLC 0.09% of their portfolio | 500.2k $45.6m | Added +56.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 497.5k $45.4m | Added +56.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.34% of their portfolio | 487.6k $44.5m | Added +223.2k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.45% of their portfolio | 480.7k $43.8m | Added +70.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 475.9k $43.4m | Reduced -505.6k |
| IMC-Chicago, LLC 0.38% of their portfolio | 459.2k $41.9m | Added +440.3k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 456.3k $41.6m | Added +126.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 448.6k $40.9m | Added +25.1k |
| Bridgewater Associates, LP 0.17% of their portfolio | 447.9k $40.8m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 444.9k $40.6m | Reduced -45.4k |
| Palo Duro Investment Partners, LP 7.73% of their portfolio | 439.5k $40.1m | Added +243.5k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.53% of their portfolio | 436.7k $39.8m | Added +62.2k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 434.3k $39.6m | Added +13.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 434.1k $39.6m | Reduced -550.5k |
| Jupiter Topco LLC 0.02% of their portfolio | 428.6k $39.1m | First filing |
| Ruffer LLP 1.35% of their portfolio | 420.6k $38.3m | New |
| Susquehanna Portfolio Strategies, LLC 0.59% of their portfolio | 405.5k $37.0m | Added +339.7k |
| Retirement Systems of Alabama 0.11% of their portfolio | 390.6k $35.6m | Reduced -33.7k |
| BARCLAYS PLC 0.01% of their portfolio | 381.7k $34.8m | Reduced -149.2k |
| CITIGROUP INC 0.02% of their portfolio | 379.7k $34.6m | Added +71.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 375.8k $34.3m | Reduced -64.5k |
| DEPRINCE RACE & ZOLLO INC 0.56% of their portfolio | 368.0k $33.6m | Reduced -4.8k |
| Empowered Funds, LLC 0.16% of their portfolio | 340.9k $31.1m | Added +163.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.22% of their portfolio | 336.8k $30.7m | Added +147.2k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 336.0k $31.7m | Added +229.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 325.4k $29.7m | Reduced -5.5k |
| Erste Asset Management GmbH 0.22% of their portfolio | 320.8k $28.1m | Unchanged |
| LSP Investment Advisors, LLC 26.78% of their portfolio | 319.7k $29.2m | Unchanged |