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Howard Marks

Oaktree Capital Management

Howard Marks Expand Energy Corp stake

total: 844

Oaktree Capital Management EXE trades

Total transactions:
16
New positions:
1
Added:
3
Reduced:
12
Held since:
2021 Q1
Held for:
21 quarters
Latest activity:
2026 Q1
According to 2026 Q1 report, Howard Marks holds 5,237,477 Expand Energy Corp (EXE) shares with a market value of roughly $574.97M accounting for 9.74% of the overall portfolio. To date, the estimated cost basis is nearly $44.75 for "buy" trades and estimated average "sell" price is $94.67. Oaktree Capital Management first purchased EXE in 2021 Q1, initially acquiring about 11.94M shares. Since the initial investment in Expand Energy Corp (EXE), Oaktree Capital Management has made 15 more transactions.

How many EXE shares does Howard Marks currently hold?

According to 2026 Q1 report, Howard Marks holds 5,237,477 shares of Expand Energy Corp (EXE), valued at around $574.97M.

When did Howard Marks buy Expand Energy Corp (EXE)?

Howard Marks first invested in Expand Energy Corp (EXE) in 2021 Q1 at the reported quarter-end price of $43.39 per share.

What's the cost basis of Oaktree Capital Management's EXE stake?

The estimated cost basis for Expand Energy Corp (EXE) stake is around $44.75 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$44.75
Weighted AVG sell price:
$94.67

Howard Marks's historical trades in Expand Energy Corp

16 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2026 Q1
9.74%
5,237,477
$109.78
$574,970,225
+3.46% (+175,114)
+0.33%
2025 Q3
8.97%
5,062,363
$106.24
$537,825,445
-0.00% (-1)
0%
2025 Q2
11.73%
5,062,364
$116.94
$591,992,875
-8.99% (-500,000)
-1.19%
2025 Q1
12.58%
5,562,364
$111.32
$619,202,388
-19.82% (-1,375,000)
-2.91%
2024 Q4
13.12%
6,937,364
$99.55
$690,614,611
+0.97% (+66,480)
+0.13%
2024 Q2
9.73%
6,870,884
$82.19
$564,717,976
-1.62% (-113,200)
-0.15%
2024 Q1
9.95%
6,984,084
$88.83
$620,396,204
-0.23% (-15,983)
-0.02%
2023 Q3
9.18%
7,000,067
$86.23
$603,615,784
-4.76% (-349,933)
-0.41%
2023 Q2
8.34%
7,350,000
$83.68
$615,048,006
-14.33% (-1,229,879)
-1.16%
2023 Q1
7.34%
8,579,879
$76.04
$652,414,005
-0.58% (-50,000)
-0.04%
2022 Q4
8.83%
$94.37
-11.94% (-1,170,121)
2022 Q3
10.45%
$94.21
-6.68% (-701,153)
2022 Q2
10.15%
$81.10
-4.54% (-500,000)
2022 Q1
10.16%
$87.00
-8.33% (-1,000,000)
2021 Q4
8.96%
$64.52
+0.52% (+62,036)
2021 Q1
7.23%
$43.39
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.