Chesapeake Energy Corp (CHK): Billionaire Mason Hawkins’ Southeastern Asset Management Makes Huge Buy

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Southeastern Asset Management, managed by billionaire Mason Hawkins, has revealed boosting its stake in Chesapeake Energy Corp (NYSE:CHK) significantly. The fund now holds 93.08 million shares of the company, compared to 25.6 million shares held on June 30. The current position represents 10.6% of the company’s outstanding common stock.

Chesapeake Energy Corp (NYSE:CHK) is a company that produces natural gas, oil and natural gas liquids, and operates two divisions: Marketing, Gathering and Compression, and Exploration and Production. Year-to-date, the company’s stock is up by 39.56%. For the second quarter of 2016, Chesapeake Energy disclosed a loss per share of $0.14 and revenue of $1.6 billion, missing the estimates of a loss per share of $0.11 and revenue of $1.9 billion.

01 Mason Hawkins

At the end of June, 31 hedge funds in our database were bullish on Chesapeake Energy Corp (NYSE:CHK), same as a quarter earlier. Some of the investors long the stock included Carl Icahn’s Icahn Capital LP, which held $312.65 million worth of Chesapeake’s shares (a position which has since been cut considerably), John Griffin’s Blue Ridge Capital, with a position worth $36.81 million, Joe Dimenna’s ZWEIG DIMENNA PARTNERS, Robert Henry Lynch’s Aristeia Capital, and Robert Vollero and Gentry T. Beach’s Vollero Beach Capital Partners.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Southeastern Asset Management, Inc. 36,009,412 10.6%
O. Mason Hawkins 0.0%

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Page 1 of 2 – SEC Filing

Washington, D.C. 20549

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

Chesapeake Energy Corporation
(Name of Issuer)

Common Stock
(Title of Class and Securities)


(CUSIP Number of Class of Securities)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a

reporting person’s initial filing on this form with respect to the

subject class of securities, and for any subsequent amendment

containing information which would alter the disclosures provided

in a prior page.

The information required in the remainder of this cover page shall

not be deemed to be “filed” for the purpose of Section 18 of the

Securities Exchange Act of 1934 (“Act”) or otherwise subject to the

liabilities of that section of the Act but shall be subject to all

other provisions of the Act (however, see the Notes).

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