Pennant Investors, LP: EXPAND ENERGY CORPORATION (EXE): Quarterly 13F Position History
As of Q1 2026, Pennant Investors, LP reported 196,000 shares of EXPAND ENERGY CORPORATION (EXE), worth $21.5M and representing 6.0% of its 13F equity book. Quarter-over-quarter share count change: 20,200 (-9.3%) . The position first appeared in Q4 2024 and has been disclosed across 6 13F-HR filings in Pactolio's tracked window.
- 196,000Shares Held (Latest Filing)
- $21.5MReported Market Value (Latest Filing)
- 6.0%Portfolio Weight (% of 13F Equity Book)
- 20,200Quarter-over-Quarter Share Change
- -$2.3MQuarter-over-Quarter Value Change
- 216,200Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 6 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 196,000 | 20,200 | -9.3% | $21.5M | 6.0% | $109.8 |
| Q4 2025 | 216,200 | 0 | — | $23.9M | 5.8% | $110.4 |
| Q3 2025 | 216,200 | +80,000 | +58.7% | $23.0M | 6.2% | $106.2 |
| Q2 2025 | 136,200 | 43,800 | -24.3% | $15.9M | 4.8% | $116.9 |
| Q1 2025 | 180,000 | 0 | — | $20.0M | 6.0% | $111.3 |
| Q4 2024 | 180,000 | — | — | $17.9M | 5.3% | $99.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Pennant Investors, LP first disclose a EXE position in 13F-HR filings?
Pennant Investors, LP first reported EXPAND ENERGY CORPORATION (EXE) on its 13F-HR filing for the period ending 2024-12-31 (Q4 2024). The position has appeared on 6 reported quarters within Pactolio's tracked window.
What was Pennant Investors, LP's most recent quarter-over-quarter share-count change in EXE?
Between Q4 2025 and Q1 2026, Pennant Investors, LP reduced its EXE position by 20,200 shares (-9.3%), leaving 196,000 shares at a market value of $21.5M.
Does the implied price-per-share represent Pennant Investors, LP's cost basis in EXE?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.