Magnetar Financial Reduces Chord Energy Holdings

Hedge fund cuts stake in oil and gas company by 17.2% in Q3

Mar. 12, 2026 at 10:34am

Got story updates? Submit your updates here. ›

Magnetar Financial LLC, a hedge fund, reduced its position in Chord Energy Corporation (NASDAQ:CHRD) by 17.2% in the third quarter, according to a disclosure filed with the Securities and Exchange Commission. The firm now owns 48,377 shares of the company's stock, down from 58,410 shares previously.

Why it matters

Chord Energy is an independent oil and gas exploration and production company focused on the Williston Basin in North Dakota and Montana, as well as the Delaware Basin in West Texas. Magnetar's reduced stake could signal a shift in investor sentiment around the company's prospects.

The details

Magnetar Financial sold 10,033 shares of Chord Energy during the third quarter, reducing its total position to 48,377 shares. The hedge fund now owns about 0.09% of Chord Energy's outstanding shares, down from 0.11% previously.

  • Magnetar Financial reduced its Chord Energy holdings in the third quarter of 2026.

The players

Magnetar Financial LLC

A hedge fund that has reduced 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.

Got photos? Submit your photos here. ›

The takeaway

Magnetar Financial's reduced position in Chord Energy could signal a broader shift in investor sentiment around the oil and gas company, which operates in key U.S. shale basins. The move comes as Chord Energy navigates a dynamic energy market environment.