Boothbay Fund Management Cuts Chord Energy Holdings

Institutional investor reduces stake in oil and gas company by over 25%

Mar. 17, 2026 at 7:24am

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Boothbay Fund Management LLC has reduced its stake in Chord Energy Corporation (NASDAQ:CHRD) by 25.9% during the 3rd quarter, according to a recent SEC filing. The institutional investor now owns 34,108 shares of the company's stock, valued at $3,389,000.

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. Changes in major institutional holdings can signal shifts in investor sentiment and market expectations for the company.

The details

According to the filing, Boothbay Fund Management sold 11,952 shares of Chord Energy during the 3rd quarter, reducing its total position to 34,108 shares. The fund now owns 0.06% of Chord Energy's outstanding stock. Several other hedge funds and institutional investors have also modified their holdings of Chord Energy in recent quarters.

  • Boothbay Fund Management reduced its stake in Chord Energy during the 3rd quarter of 2026.

The players

Boothbay Fund Management LLC

An institutional investor that has reduced its stake in Chord Energy Corporation.

Chord Energy Corporation

An independent exploration and production company focused on the Williston and Delaware Basins.

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The takeaway

The reduction in Boothbay's Chord Energy holdings could signal a shift in investor sentiment around the oil and gas company, though more context would be needed to fully understand the reasons behind the portfolio change.