TD Asset Management Trims Stake in Expand Energy Corporation

Institutional investor reduces holdings in energy company by 11.4% in Q3

Mar. 3, 2026 at 7:47am

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TD Asset Management Inc. has reduced its position in Expand Energy Corporation (NASDAQ:EXE) by 11.4% in the third quarter, according to the company's latest 13F filing with the SEC. The institutional investor now owns 356,662 shares of the energy company's stock, worth approximately $37.9 million.

Why it matters

Institutional investors like TD Asset Management play a significant role in the stock market, and changes in their holdings can impact a company's share price and overall market sentiment. This move suggests TD Asset Management has a less bullish outlook on Expand Energy Corporation compared to previous quarters.

The details

According to the 13F filing, TD Asset Management sold 45,797 shares of Expand Energy in Q3, reducing its total stake to about 0.15% of the company's outstanding shares. Expand Energy is an independent natural gas producer primarily operating in the United States.

  • TD Asset Management filed the 13F report disclosing the stake reduction on February 28, 2026.
  • The stake reduction occurred during the third quarter of 2025.

The players

TD Asset Management Inc.

A major institutional investor that manages over $400 billion in assets for clients globally.

Expand Energy Corporation

An independent natural gas producer based in Oklahoma City, Oklahoma.

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The takeaway

This filing indicates that one of Expand Energy's larger institutional shareholders has become more cautious on the stock, potentially signaling a shift in market sentiment around the company's prospects. Investors will likely watch for any further changes in ownership by major funds in the coming quarters.