Vault-13

SOUTHWESTERN ENERGY CO SWN

COM · Common Stock · CUSIP 845467109 · ISIN US8454671095

476 institutional holders +11 vs Q3 2023
969,067,410969.1m shares reported held*
$6.3bnreported value*
61 new 139 added 160 reduced 66 sold out net sold ≈ $5.0m (+2.9m shares)

* 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 ($9.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.55. Options: 24 managers hold calls ($68.3m notional), 18 hold puts ($56.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 471Q4 22: 462Q1 23: 451Q2 23: 442Q3 23: 465Q4 23: 476476Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022471
Q4 2022462
Q1 2023451
Q2 2023442
Q3 2023465
Q4 2023476

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 226 bought or addedQ4 22: 200 cut or sold outQ4 22Q1 23: 201 bought or addedQ1 23: 236 cut or sold outQ1 23Q2 23: 190 bought or addedQ2 23: 211 cut or sold outQ2 23Q3 23: 205 bought or addedQ3 23: 205 cut or sold outQ3 23Q4 23: 200 bought or addedQ4 23: 226 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022226200
Q1 2023201236
Q2 2023190211
Q3 2023205205
Q4 2023200226

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ1 23 calls: $57.0mQ1 23 puts: $50.3mQ1 23P/C 0.88Q2 23 calls: $64.1mQ2 23 puts: $47.2mQ2 23P/C 0.74Q3 23 calls: $63.2mQ3 23 puts: $52.5mQ3 23P/C 0.83Q4 23 calls: $68.3mQ4 23 puts: $56.3mQ4 23P/C 0.82
Numbers
QuarterCallsPutsP/C
Q1 2023$57.0m$50.3m0.88
Q2 2023$64.1m$47.2m0.74
Q3 2023$63.2m$52.5m0.83
Q4 2023$68.3m$56.3m0.82

Biggest buyers

Kimmeridge Energy Management Company, LLC New +18,374,292+18.4m
KGH Ltd New +17,548,000+17.5m
MORGAN STANLEY Added +15,408,113+15.4m
T. Rowe Price Investment Management, Inc. Added +7,276,756+7.3m
Invesco Ltd. Added +4,888,996+4.9m
Man Group plc New +3,782,099+3.8m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +3,382,675+3.4m
Merewether Investment Management, LP New +3,192,787+3.2m
JPMORGAN CHASE & CO Added +3,152,629+3.2m
Encompass Capital Advisors LLC Added +2,667,467+2.7m

Biggest sellers

Pacer Advisors, Inc. Reduced -11,679,943-11.7m
Yorktown Energy Partners X, L.P. Sold out -10,332,192-10.3m
GREENLIGHT CAPITAL INC Sold out -10,105,610-10.1m
Yorktown Energy Partners XI, L.P. Sold out -6,999,276-7.0m
MILLENNIUM MANAGEMENT LLC Reduced -6,974,471-7.0m
ALLIANCEBERNSTEIN L.P. Reduced -6,848,192-6.8m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -6,539,406-6.5m
D. E. Shaw & Co., Inc. Reduced -4,663,120-4.7m
SIR Capital Management, L.P. Reduced -4,489,511-4.5m
Squarepoint Ops LLC Reduced -3,725,684-3.7m

Biggest calls

Point72 Asset Management, L.P. Added $13.3m2.0m shares
CITADEL ADVISORS LLC Reduced $8.5m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.9m1.2m shares
Walleye Capital LLC Added $7.7m1.2m shares
JANE STREET GROUP, LLC Added $6.8m1.0m shares
Walleye Trading LLC Added $5.2m788.4k shares
GROUP ONE TRADING LLC Added $4.7m721.5k shares
SIMPLEX TRADING, LLC Added $4.4m670.1k shares
Parallax Volatility Advisers, L.P. Unchanged $3.3m500.4k shares
CSS LLC/IL Reduced $1.3m195.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $22.7m3.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.9m2.1m shares
CITADEL ADVISORS LLC Reduced $5.2m791.4k shares
Walleye Capital LLC Added $4.6m708.0k shares
Parallax Volatility Advisers, L.P. Unchanged $3.3m500.3k shares
PEAK6 Investments LLC Added $1.4m219.3k shares
UBS Group AG New $1.3m200.0k shares
D. E. Shaw & Co., Inc. New $982.5k150.0k shares
Walleye Trading LLC Added $869.8k132.8k shares
GROUP ONE TRADING LLC Reduced $643.2k98.2k 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.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 110,728,382110.7m $725.3m $725.3m 0.02% Reduced -231.5k -231,515
2 BlackRock Inc. 0.02% of their portfolio New York, NY 96,224,44696.2m $630.3m $630.3m 0.02% Reduced -1.3m -1,306,271
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 43,433,82043.4m $284.5m $284.5m 0.01% Added +944.9k +944,885
4 FMR LLC 0.02% of their portfolio BOSTON, MA 41,809,12041.8m $273.8m $273.8m 0.02% Added +2.0m +2,024,130
5 T. Rowe Price Investment Management, Inc. 0.17% of their portfolio BALTIMORE, MD 40,328,25740.3m $264.2m $264.2m 0.17% Added +7.3m +7,276,756
6 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 34,396,19034.4m $225.3m $225.3m 0.03% Added +69.5k +69,493
7 DISCIPLINED GROWTH INVESTORS INC /MN 4.21% of their portfolio MINNEAPOLIS, MN 29,471,74529.5m $193.0m $193.0m 4.21% Added +55.5k +55,540
8 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 29,332,20329.3m $192.1m $192.1m 0.06% Added +1.9m +1,924,108
9 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 27,624,47127.6m $180.9m $180.9m 0.04% Added +4.9m +4,888,996
10 D. E. Shaw & Co., Inc. 0.23% of their portfolio New York, NY 24,060,74224.1m $157.6m $157.6m 0.23% Reduced -4.7m -4,663,120
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 23,412,99023.4m $153.4m $153.4m 0.01% Added +15.4m +15,408,113
12 Kopernik Global Investors, LLC 14.26% of their portfolio TAMPA, FL 21,007,37721.0m $137.6m $137.6m 14.26% Added +143.0k +143,007
13 Kimmeridge Energy Management Company, LLC 5.47% of their portfolio NEW YORK, NY 18,374,29218.4m $120.4m $120.4m 5.47% New
14 NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio NEW YORK, NY 18,366,73118.4m $120.3m $120.3m 0.10% Reduced -161.3k -161,344
15 KGH Ltd 6.59% of their portfolio NASSAU, C5 17,548,00017.5m $114.9m $114.9m 6.59% New
16 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 17,226,77317.2m $112.9m $112.9m 0.01% Added +609.8k +609,774
17 Ridgemont Partners Management, LLC 100.00% of their portfolio Charlotte, NC 17,211,00417.2m $112.7m $112.7m 100.00% Unchanged
18 RENAISSANCE TECHNOLOGIES LLC 0.17% of their portfolio NEW YORK, NY 16,338,52516.3m $107.0m $107.0m 0.17% Reduced -2.9m -2,944,000
19 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 14,736,54614.7m $96.5m $96.5m 0.04% Reduced -6.8m -6,848,192
20 Allspring Global Investments Holdings, LLC 0.16% of their portfolio CHARLOTTE, NC 14,398,40614.4m $94.3m $94.3m 0.16% Reduced -353.0k -353,022
21 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 13,968,97114.0m $91.5m $91.5m 0.01% Added +796.0k +795,950
22 EnCap Energy Capital Fund IX, L.P. 55.55% of their portfolio Houston, TX 13,764,50413.8m $90.2m $90.2m 55.55% Unchanged
23 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 11,801,39811.8m $77.3m $77.3m 0.02% Reduced -753.0k -752,960
24 MACQUARIE GROUP LTD 0.09% of their portfolio Sydney, NSW 2000, C3 11,235,40711.2m $73.6m $73.6m 0.09% Reduced -1.0m -1,041,902
25 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 10,701,36110.7m $70.1m $70.1m 0.07% Reduced -6.5m -6,539,406
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 10,444,52210.4m $68.4m $68.4m 0.02% Added +203.5k +203,452
27 Stephens Investment Management Group LLC 0.96% of their portfolio LITTLE ROCK, AR 10,066,41310.1m $65.9m $65.9m 0.96% Reduced -47.3k -47,320
28 Encompass Capital Advisors LLC 3.66% of their portfolio New York, NY 9,551,4679.6m $62.6m $62.6m 3.66% Added +2.7m +2,667,467
29 PRIMECAP MANAGEMENT CO/CA/ 0.04% of their portfolio PASADENA, CA 8,658,0008.7m $56.7m $56.7m 0.04% Reduced -255.5k -255,500
30 Aventail Capital Group, LP 4.47% of their portfolio NEW YORK, NY 8,064,2528.1m $52.8m $52.8m 4.47% Added +2.6m +2,587,664
31 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 7,870,9677.9m $51.6m $51.6m 0.01% Added +251.0k +251,048
32 EnCap Energy Capital Fund VIII, L.P. 30.76% of their portfolio Houston, TX 7,423,5447.4m $48.6m $48.6m 30.76% Unchanged
33 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 7,306,4647.3m $47.9m $47.9m 0.05% Reduced -519.5k -519,460
34 Condire Management, LP 7.26% of their portfolio DALLAS, TX 7,224,8547.2m $47.3m $47.3m 7.26% Reduced -3.0m -3,005,146
35 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio Boston, MA 6,589,5986.6m $43.2m $43.2m 0.09% Added +2.1m +2,117,534
36 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 6,330,9746.3m $41.5m $41.5m 0.03% Added +2.3m +2,268,429
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,203,8566.2m $40.6m $40.6m 0.00% Added +3.2m +3,152,629
38 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 5,676,7075.7m $37.2m $37.2m 0.04% Reduced -284.1k -284,096
39 APPALOOSA LP 0.56% of their portfolio Short Hills, NJ 4,800,0004.8m $31.4m $31.4m 0.56% Unchanged
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 4,681,1994.7m $30.7m $30.7m 0.01% Added +3.4m +3,382,675
41 AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio Greenwich, CT 4,377,2284.4m $28.7m $28.7m 0.05% Reduced -3.6m -3,555,884
42 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 3,929,7873.9m $25.7m $25.7m 0.04% Added +589.3k +589,288
43 Man Group plc 0.07% of their portfolio LONDON, X0 3,782,0993.8m $24.8m $24.8m 0.07% New
44 Sagefield Capital LP 3.09% of their portfolio DALLAS, TX 3,643,0653.6m $23.9m $23.9m 3.09% Added +1.1m +1,064,910
45 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 3,503,1433.5m $22.9m $22.9m 0.01% Added +209.8k +209,784
46 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 3,278,5093.3m $21.5m $21.5m 0.04% Reduced -430.1k -430,086
47 Merewether Investment Management, LP 1.23% of their portfolio DALLAS, TX 3,192,7873.2m $20.9m $20.9m 1.23% New
48 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 3,075,1513.1m $20.1m $20.1m 0.02% Reduced -82.6k -82,626
49 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 2,767,6692.8m $18.1m $18.1m 0.02% Added +18.0k +18,004
50 Yaupon Capital Management LP 1.88% of their portfolio NEW YORK, NY 2,641,6002.6m $17.3m $17.3m 1.88% New
51 ExodusPoint Capital Management, LP 0.21% of their portfolio NEW YORK, NY 2,631,1192.6m $17.2m $17.2m 0.21% Added +2.5m +2,507,867
52 CLOUGH CAPITAL PARTNERS L P 1.85% of their portfolio Boston, MA 2,557,3002.6m $16.8m $16.8m 1.85% Reduced -515.5k -515,500
53 Invenomic Capital Management LP 0.86% of their portfolio BOSTON, MA 2,455,2642.5m $16.1m $16.1m 0.86% Added +19.2k +19,222
54 COOPER CREEK PARTNERS MANAGEMENT LLC 0.81% of their portfolio NEW YORK, NY 2,344,7802.3m $15.4m $15.4m 0.81% Added +1.3m +1,271,860
55 Swiss National Bank 0.01% of their portfolio ZURICH, V8 2,062,2002.1m $13.5m $13.5m 0.01% Reduced -358.4k -358,400
56 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,036,8652.0m $13.3m $13.3m 0.01% Reduced -7.0m -6,974,471
57 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 2,034,6312.0m $13.3m $13.3m 0.01% Reduced -102.1k -102,122
58 Alyeska Investment Group, L.P. 0.09% of their portfolio CHICAGO, IL 1,956,3182.0m $12.8m $12.8m 0.09% Reduced -374.4k -374,426
59 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,791,0541.8m $11.7m $11.7m 0.00% Added +777.4k +777,407
60 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 1,790,5741.8m $11.7m $11.7m 0.02% Reduced -389.9k -389,887
61 Legal & General Group Plc 0.00% of their portfolio London, X0 1,662,6901.7m $10.9m $10.9m 0.00% Reduced -269.7k -269,719
62 CRAMER ROSENTHAL MCGLYNN LLC 0.58% of their portfolio STAMFORD, CT 1,634,3351.6m $10.7m $10.7m 0.58% Added +248.1k +248,111
63 CHARTWELL INVESTMENT PARTNERS, LLC 0.35% of their portfolio BERYWN, PA 1,535,4511.5m $10.1m $10.1m 0.35% Reduced -54.7k -54,700
64 SIR Capital Management, L.P. 1.01% of their portfolio NEW YORK, NY 1,499,8661.5m $9.8m $9.8m 1.01% Reduced -4.5m -4,489,511
65 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,491,9361.5m $9.8m $9.8m 0.01% Added +607.8k +607,761
66 AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio New York, NY 1,487,7871.5m $9.7m $9.7m 0.04% Reduced -64.0k -64,023
67 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 1,424,7701.4m $9.3m $9.3m 0.02% Reduced -2.5k -2,528
68 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 1,419,9621.4m $9.3m $9.3m 0.03% Added +1.3m +1,295,051
69 Bridgewater Associates, LP 0.05% of their portfolio Westport, CT 1,413,7271.4m $9.3m $9.3m 0.05% New
70 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 1,399,9361.4m $9.2m $9.2m 0.01% Added +190.0k +189,987
71 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 1,379,5271.4m $9.0m $9.0m 0.04% Added +4.2k +4,228
72 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,376,8811.4m $9.0m $9.0m 0.00% Reduced -2.2m -2,184,074
73 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,342,2031.3m $8.8m $8.8m 0.01% Added +268.6k +268,562
74 Hartree Partners, LP 3.15% of their portfolio NEW YORK, NY 1,328,0001.3m $8.7m $8.7m 3.15% New
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,283,2061.3m $8.4m $8.4m 0.00% Reduced -24.7k -24,703
76 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.08% of their portfolio FRANKFORT, KY 1,238,5421.2m $8.1m $8.1m 0.08% Added +843.0k +843,000
77 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 1,232,1681.2m $8.1m $8.1m 0.00% Reduced -113.2k -113,151
78 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,221,5201.2m $8.0m $8.0m 0.00% Reduced -2.6m -2,599,946
79 LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio LOS ANGELES, CA 1,169,9471.2m $7.7m $7.7m 0.03% Added +486.9k +486,902
80 Rafferty Asset Management, LLC 0.03% of their portfolio New York, NY 1,138,1181.1m $7.5m $7.5m 0.03% Added +30.0k +29,978
81 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 1,119,5151.1m $7.3m $7.3m 0.01% Reduced -103.0k -102,999
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,115,1431.1m $7.3m $7.3m 0.00% Added +338.9k +338,937
83 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio New York, NY 1,056,0341.1m $6.9m $6.9m 0.08% Reduced -397.1k -397,122
84 Annex Advisory Services, LLC 0.27% of their portfolio BROOKFIELD, WI 977,353977.4k $6.4m $6.4m 0.27% Added +154.5k +154,496
85 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 971,618971.6k $6.4m $6.4m 0.01% Added +186.4k +186,421
86 TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio AUSTIN, TX 951,084951.1k $6.2m $6.2m 0.05% Added +16.0k +16,046
87 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 935,415935.4k $6.1m $6.1m 0.01% Unchanged
88 KENNEDY CAPITAL MANAGEMENT LLC 0.13% of their portfolio ST LOUIS, MO 931,430931.4k $6.1m $6.1m 0.13% Reduced -191.6k -191,610
89 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 925,820925.8k $6.1m $6.1m 0.00% Reduced -26.0k -26,031
90 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 917,277917.3k $6.0m $6.0m 0.01% Added +338.3k +338,333
91 EASTERLY INVESTMENT PARTNERS LLC 0.64% of their portfolio BEVERLY, MA 912,701912.7k $6.0m $6.0m 0.64% Added +32.9k +32,857
92 Sourcerock Group LLC 0.58% of their portfolio DENVER, CO 900,000900.0k $5.9m $5.9m 0.58% New
93 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 887,319887.3k $5.8m $5.8m 0.01% Added +125.3k +125,325
94 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 858,828858.8k $5.6m $5.6m 0.01% Reduced -15.5k -15,506
95 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 803,132803.1k $5.3m $5.3m 0.01% Unchanged
96 ROYCE & ASSOCIATES LP 0.05% of their portfolio New York, NY 794,823794.8k $5.2m $5.2m 0.05% Reduced -210.4k -210,400
97 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 790,728790.7k $5.2m $5.2m 0.00% Reduced -158.6k -158,601
98 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 784,949784.9k $5.1m $5.1m 0.00% Reduced -422.8k -422,793
99 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 768,640768.6k $5.0m $5.0m 0.01% Reduced -112.1k -112,134
100 Canoe Financial LP 0.09% of their portfolio CALGARY, A0 730,000730.0k $4.8m $4.8m 0.09% New