EQT CORP EQT
COM · Common Stock · CUSIP 26884L109 · ISIN US26884L1098
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 ($118.7m this quarter). Holder counts are more reliable. Shares outstanding: 624.1m as of 2025-07-15, 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 ≈ $58.27. Options: 48 managers hold calls ($605.0m notional), 41 hold puts ($762.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 602 |
| Q4 2022 | 618 |
| Q1 2023 | 602 |
| Q2 2023 | 630 |
| Q3 2023 | 632 |
| Q4 2023 | 649 |
| Q1 2024 | 650 |
| Q2 2024 | 672 |
| Q3 2024 | 738 |
| Q4 2024 | 880 |
| Q1 2025 | 976 |
| Q2 2025 | 1,066 |
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 2023 | 299 | 301 |
| Q4 2023 | 319 | 281 |
| Q1 2024 | 324 | 300 |
| Q2 2024 | 372 | 262 |
| Q3 2024 | 555 | 194 |
| Q4 2024 | 477 | 297 |
| Q1 2025 | 578 | 348 |
| Q2 2025 | 599 | 400 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $382.3m | $353.7m | 0.93 |
| Q4 2024 | $765.5m | $476.1m | 0.62 |
| Q1 2025 | $546.6m | $386.9m | 0.71 |
| Q2 2025 | $605.0m | $762.3m | 1.26 |
Biggest buyers
| LONE PINE CAPITAL LLC | New | +7.5m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +4.4m |
| Capital International Investors | Added | +3.3m |
| MORGAN STANLEY | Added | +2.6m |
| JPMORGAN CHASE & CO | Added | +2.5m |
| ROYAL BANK OF CANADA | Added | +2.1m |
| Assenagon Asset Management S.A. | Added | +1.9m |
| Point72 Asset Management, L.P. | Added | +1.7m |
| Merewether Investment Management, LP | Added | +1.7m |
| Castle Hook Partners LP | Added | +1.4m |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -21.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.1m |
| Third Point LLC | Sold out | -3.0m |
| Sourcerock Group LLC | Reduced | -2.7m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.6m |
| Clearbridge Investments, LLC | Reduced | -2.5m |
| Bank of New York Mellon Corp | Reduced | -2.0m |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -1.8m |
| Capital World Investors | Sold out | -1.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $83.4m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $60.5m1.0m shares |
| GOLDMAN SACHS GROUP INC | Added | $55.4m950.2k shares |
| UBS Group AG | Added | $54.4m933.0k shares |
| JANE STREET GROUP, LLC | Reduced | $40.9m701.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $40.3m691.8k shares |
| PINNBROOK CAPITAL MANAGEMENT LP | Added | $27.1m465.4k shares |
| WOLVERINE TRADING, LLC | New | $21.7m371.8k shares |
| IMC-Chicago, LLC | Reduced | $20.6m354.0k shares |
| CITIGROUP INC | New | $18.1m310.0k shares |
Biggest puts
| BARCLAYS PLC | New | $121.4m2.1m shares |
| CITADEL ADVISORS LLC | Added | $116.6m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $86.6m1.5m shares |
| JANE STREET GROUP, LLC | Added | $46.3m793.9k shares |
| GOLDMAN SACHS GROUP INC | Added | $44.5m762.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $39.0m669.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $32.3m5.5k shares |
| Ripple Effect Asset Management LP | Added | $28.0m480.0k shares |
| WOLVERINE TRADING, LLC | New | $26.5m454.9k shares |
| GROUP ONE TRADING LLC | Added | $25.8m441.6k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-07-17 | 6.8% |
| STATE STREET CORP 13G · institution new · filed 2025-05-13 | 5.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), WELLINGTON MANAGEMENT GROUP LLP (4.3%, 2026-02-10)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 2 | $3.4m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $2.1m | — |
| Q1 2025 | 0 | — | 1 | $1.5m | — |
| Q2 2025 | 0 | — | 1 | $368.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-28 | Knop Jeremy CHIEF FINANCIAL OFFICER | Sold | $368.0k7.2k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 74.8m $4.4bn | Added +797.9k |
| BlackRock, Inc. 0.05% of their portfolio | 47.4m $2.8bn | Reduced -1.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.45% of their portfolio | 42.8m $2.5bn | Reduced -3.1m |
| STATE STREET CORP 0.07% of their portfolio | 32.8m $1.9bn | Reduced -751.0k |
| MORGAN STANLEY 0.08% of their portfolio | 21.4m $1.2bn | Added +2.6m |
| Capital International Investors 0.18% of their portfolio | 17.9m $1.0bn | Added +3.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 15.2m $883.1m | Added +257.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 13.3m $778.4m | Reduced -21.7m |
| Invesco Ltd. 0.12% of their portfolio | 11.9m $695.1m | Added +126.4k |
| Bank of New York Mellon Corp 0.13% of their portfolio | 11.7m $679.4m | Reduced -2.0m |
| T. Rowe Price Investment Management, Inc. 0.40% of their portfolio | 10.8m $629.1m | Reduced -2.6m |
| Clearbridge Investments, LLC 0.46% of their portfolio | 9.7m $564.7m | Reduced -2.5m |
| LONE PINE CAPITAL LLC 3.17% of their portfolio | 7.5m $438.5m | New |
| Castle Hook Partners LP 6.39% of their portfolio | 7.5m $434.5m | Added +1.4m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 6.3m $365.4m | Added +2.5m |
| NEUBERGER BERMAN GROUP LLC 0.28% of their portfolio | 6.3m $365.1m | Added +1.1m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 5.6m $324.9m | Reduced -122.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 5.3m $311.7m | Added +141.2k |
| Boston Partners 0.32% of their portfolio | 5.0m $290.4m | Reduced -632.1k |
| Allspring Global Investments Holdings, LLC 0.46% of their portfolio | 4.9m $272.3m | Added +228.8k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 4.7m $275.9m | Reduced -95.0k |
| D. E. Shaw & Co., Inc. 0.27% of their portfolio | 4.7m $275.1m | Reduced -633.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 4.6m $265.6m | Added +1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.27% of their portfolio | 4.4m $258.7m | Added +4.4m |
| Assenagon Asset Management S.A. 0.39% of their portfolio | 4.2m $247.0m | Added +1.9m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.9m $229.3m | Added +132.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 3.9m $228.1m | Added +2.1m |
| UBS Group AG 0.05% of their portfolio | 3.8m $224.3m | Added +95.1k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 3.7m $216.4m | Added +1.4m |
| Merewether Investment Management, LP 5.65% of their portfolio | 3.4m $196.1m | Added +1.7m |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 3.2m $186.9m | Added +944.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 2.8m $161.1m | Added +237.3k |
| Sourcerock Group LLC 8.29% of their portfolio | 2.7m $159.0m | Reduced -2.7m |
| FMR LLC 0.01% of their portfolio | 2.7m $158.4m | Reduced -16.2k |
| Legal & General Group Plc 0.04% of their portfolio | 2.6m $153.8m | Added +127.8k |
| Alyeska Investment Group, L.P. 0.52% of their portfolio | 2.5m $145.7m | Added +575.6k |
| Slate Path Capital LP 2.51% of their portfolio | 2.5m $145.4m | Reduced -223.0k |
| Point72 Asset Management, L.P. 0.33% of their portfolio | 2.4m $140.4m | Added +1.7m |
| MARSHALL WACE, LLP 0.16% of their portfolio | 2.3m $136.7m | Added +1.2m |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 2.3m $136.5m | Reduced -212.8k |
| Situational Awareness LP 11.38% of their portfolio | 2.1m $125.1m | Added +1.2m |
| Amundi 0.04% of their portfolio | 2.1m $118.8m | Reduced -585.4k |
| Nuveen, LLC 0.03% of their portfolio | 2.1m $122.7m | Reduced -146.0k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 2.0m $116.9m | Added +1.2m |
| Share Andrew L. 77.28% of their portfolio | 1.9m $111.4m | Reduced -38.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 1.8m $104.3m | Reduced -118.0k |
| BARCLAYS PLC 0.04% of their portfolio | 1.7m $100.8m | Reduced -252.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.37% of their portfolio | 1.7m $100.4m | Reduced -430.9k |
| Swiss National Bank 0.06% of their portfolio | 1.7m $100.2m | Added +119.5k |
| Squarepoint Ops LLC 0.21% of their portfolio | 1.6m $95.6m | Added +654.7k |
| Ninepoint Partners LP 18.06% of their portfolio | 1.6m $93.3m | Added +100.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.6m $91.4m | Reduced -222.1k |
| Canoe Financial LP 1.25% of their portfolio | 1.5m $88.1m | Added +597.9k |
| Jefferies Financial Group Inc. 1.41% of their portfolio | 1.5m $85.6m | Reduced -6.1k |
| 1832 Asset Management L.P. 0.15% of their portfolio | 1.5m $85.2m | Reduced -639.4k |
| JANE STREET GROUP, LLC 0.14% of their portfolio | 1.5m $84.6m | Added +883.1k |
| Railway Pension Investments Ltd 1.19% of their portfolio | 1.4m $84.2m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.4m $83.3m | Added +139.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 1.4m $82.4m | Added +871.0k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 1.3m $77.3m | Added +419.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 1.3m $74.5m | Reduced -65.9k |
| Duquesne Family Office LLC 1.87% of their portfolio | 1.3m $73.1m | Added +393.4k |
| Holocene Advisors, LP 0.18% of their portfolio | 1.2m $72.5m | Reduced -349.2k |
| Two Creeks Capital Management, LP 4.77% of their portfolio | 1.2m $71.8m | Reduced -515.4k |
| Palo Duro Investment Partners, LP 22.45% of their portfolio | 1.2m $68.0m | Reduced -389.9k |
| Sound Shore Management Inc /CT/ 2.30% of their portfolio | 1.2m $67.5m | New |
| Quaker Capital Investments, LLC 20.39% of their portfolio | 1.1m $66.8m | Reduced -135.0k |
| Mercuria Capital Strategies, LLC 17.48% of their portfolio | 1.1m $65.3m | Added +412.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 1.1m $65.1m | Added +63.2k |
| Encompass Capital Advisors LLC 2.59% of their portfolio | 1.1m $64.1m | New |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.1m $63.5m | Reduced -436.5k |
| Cannell & Spears LLC 1.27% of their portfolio | 1.1m $62.8m | Reduced -66.0k |
| Vantage Investment Partners, LLC 4.57% of their portfolio | 1.1m $62.7m | Added +18.6k |
| Clean Energy Transition LLP 6.10% of their portfolio | 1.1m $62.3m | Added +289.1k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.1m $61.7m | Reduced -5.5k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.0m $60.4m | Reduced -3.9m |
| Fiera Capital Corp 0.20% of their portfolio | 1.0m $60.1m | Reduced -6.6k |
| TD Asset Management Inc 0.05% of their portfolio | 1.0m $59.8m | Reduced -163.0k |
| California Public Employees Retirement System 0.04% of their portfolio | 992.4k $57.9m | Added +84.8k |
| ANTIPODES PARTNERS Ltd 1.72% of their portfolio | 952.1k $55.5m | Reduced -467.8k |
| CAPITAL ADVISORS INC/OK 0.99% of their portfolio | 942.3k $55.0m | Added +24.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 900.3k $52.5m | Reduced -721.3k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 884.9k $51.7m | Added +25.4k |
| Aventail Capital Group, LP 2.25% of their portfolio | 866.3k $50.5m | Added +772.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 862.8k $50.3m | Added +105.3k |
| HUNTINGTON NATIONAL BANK 0.32% of their portfolio | 825.1k $48.1m | Added +193.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 817.6k $47.7m | Reduced -96.8k |
| ATALANTA SOSNOFF CAPITAL, LLC 0.97% of their portfolio | 816.9k $47.6m | Reduced -107.5k |
| Webs Creek Capital Management LP 10.21% of their portfolio | 814.9k $47.5m | Reduced -81.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 805.5k $47.0m | Added +524.5k |
| Korea Investment CORP 0.10% of their portfolio | 802.6k $46.8m | Added +345.0k |
| Bridgewater Associates, LP 0.19% of their portfolio | 787.2k $45.9m | New |
| National Pension Service 0.04% of their portfolio | 771.2k $45.0m | Added +6.4k |
| CITIGROUP INC 0.03% of their portfolio | 744.0k $43.4m | Added +32.3k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 738.9k $43.1m | Added +66.6k |
| SIR Capital Management, L.P. 3.83% of their portfolio | 737.1k $43.0m | Added +474.3k |
| SG Americas Securities, LLC 0.19% of their portfolio | 735.9k $42.9m | Added +682.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 710.2k $41.4m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 677.7k $39.5m | Added +2.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio | 668.0k $39.0m | Added +264.9k |