Steve Cohen's Point72 Asset Management sold its entire stake in Expand Energy Corporation (EXE), according to the firm's latest ownership filing. The fund divested all 1.52 million shares, a position previously valued at $166.82 million.
This information comes from a delayed quarterly report filed on August 14, which discloses positions held as of June 30, 2026. Expand Energy is a major U.S. natural gas producer formed from the 2024 combination of Chesapeake Energy and Southwestern Energy. No public statements from Point72 regarding the motive for this exit have been found.