Picton Mahoney Boosts Stake in Chord Energy

Asset management firm increases position in oil and gas company by 40.4%

Published on Mar. 6, 2026

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Picton Mahoney Asset Management has increased its stake in Chord Energy Corporation (NASDAQ:CHRD) by 40.4% during the third quarter, according to a recent SEC filing. The institutional investor now owns 50,008 shares of the company's stock, worth approximately $4.97 million.

Why it matters

Chord Energy is an independent oil and gas exploration and production company focused on the Williston Basin and Delaware Basin regions. The increase in Picton Mahoney's stake suggests institutional confidence in the company's prospects, which could positively impact the stock price.

The details

According to the filing, Picton Mahoney Asset Management added 14,395 shares to its existing position in Chord Energy during the third quarter. The firm now owns about 0.09% of the company's outstanding shares. Chord Energy's stock has seen increased institutional interest, with several analysts raising their price targets and ratings in recent weeks.

  • Picton Mahoney increased its stake in Chord Energy during the third quarter of 2026.

The players

Picton Mahoney Asset Management

An institutional investment management firm that has increased its stake in Chord Energy Corporation.

Chord Energy Corporation

An independent oil and gas exploration and production company focused on the Williston Basin and Delaware Basin regions.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The increase in Picton Mahoney's stake in Chord Energy suggests institutional confidence in the company's prospects, which could positively impact the stock price. However, the recent insider sales by Chord Energy executives may raise some concerns and warrant further monitoring of the company's performance and investor sentiment.