Retirement Systems of Alabama Trims Stake in Expand Energy Corporation

The firm sold 12,034 shares of the energy company's stock in the fourth quarter.

Mar. 31, 2026 at 10:03am

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Retirement Systems of Alabama, a major institutional investor, reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 2.8% in the fourth quarter, according to a recent SEC filing. The firm now owns 424,367 shares of the energy company's stock, worth approximately $46.8 million.

Why it matters

Institutional investors like Retirement Systems of Alabama play a significant role in the stock market, and changes to their holdings can provide insights into the overall sentiment and performance of a company's shares.

The details

Retirement Systems of Alabama sold 12,034 shares of Expand Energy during the fourth quarter, reducing its total position to about 0.18% of the company's outstanding stock. Several other institutional investors and hedge funds also made changes to their Expand Energy holdings during the period, with some increasing and others decreasing their positions.

  • Retirement Systems of Alabama filed the disclosure with the SEC in the fourth quarter of 2026.
  • The firm owned the Expand Energy shares as of its most recent 13F filing.

The players

Retirement Systems of Alabama

A major institutional investor that manages retirement funds for public employees in Alabama.

Expand Energy Corporation

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

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The takeaway

This filing highlights the shifting investment strategies of large institutional investors, which can impact the stock price and trading volume of companies like Expand Energy. Monitoring changes in institutional ownership is an important part of analyzing a stock's performance and potential.