Howard Marks's EXE Position Overview
Howard Marks (via Oaktree Capital Management Lp) currently holds 5.06 M shares of Expand Energy Corporation (EXE) worth $558.68 M, representing 7.95% of the portfolio. First purchased in 2021-Q1, this medium-term investment has been held for 20 quarters.
Based on 13F filings, Howard Marks has maintained a strategic position in EXE, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2024, adding 66,480 shares. Largest reduction occurred in Q1 2025, reducing 1.38 M shares.
Analysis based on 13F filings available since 2013 Q2
Howard Marks's Expand Energy Corporation (EXE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Expand Energy Corporation (EXE) Trades by Howard Marks
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2025 | -1 | Reduce 0.00% | 5.06 M | $106.24 |
| Q2 2025 | -500,000 | Reduce 8.99% | 5.06 M | $116.94 |
| Q1 2025 | -1.38 M | Reduce 19.82% | 5.56 M | $111.32 |
| Q4 2024 | +66,480 | Add 0.97% | 6.94 M | $99.55 |
| Q2 2024 | -113,200 | Reduce 1.62% | 6.87 M | $82.19 |
| Q1 2024 | -15,983 | Reduce 0.23% | 6.98 M | $88.83 |
| Q3 2023 | -349,933 | Reduce 4.76% | 7 M | $86.23 |
| Q2 2023 | -1.23 M | Reduce 14.33% | 7.35 M | $83.68 |
| Q1 2023 | -50,000 | Reduce 0.58% | 8.58 M | $76.04 |
| Q4 2022 | -1.17 M | Reduce 11.94% | 8.63 M | $94.37 |
| Q3 2022 | -701,153 | Reduce 6.68% | 9.8 M | $94.21 |
| Q2 2022 | -500,000 | Reduce 4.54% | 10.5 M | $81.10 |
| Q1 2022 | -1 M | Reduce 8.33% | 11 M | $87.00 |
| Q4 2021 | +62,036 | Add 0.52% | 12 M | $64.52 |
| Q1 2021 | +11.94 M | New Buy | 11.94 M | $43.39 |
Howard Marks's Expand Energy Corporation Investment FAQs
Howard Marks first purchased Expand Energy Corporation (EXE) in Q1 2021, acquiring 11,939,117 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Howard Marks has held Expand Energy Corporation (EXE) for 20 quarters since Q1 2021.
Howard Marks's largest addition to Expand Energy Corporation (EXE) was in Q1 2021, adding 11,939,117 shares worth $518.04 M.
According to the latest 13F filing for Q4 2025, Howard Marks's firm, Oaktree Capital Management Lp, owns 5,062,363 shares of Expand Energy Corporation (EXE), valued at approximately $558.68 M.
As of the Q4 2025 filing, Expand Energy Corporation (EXE) represents approximately 7.95% of Howard Marks's publicly disclosed stock portfolio, making it one of their key holdings.
Howard Marks's peak holding in Expand Energy Corporation (EXE) was 12,001,153 shares, as reported at the end of Q4 2021.