Howard Marks acquired 5.24M Chesapeake Energy shares worth $427M. That's 9.90% of their entire equity portfolio (3rd largest holding). The investor owns 3.99% of the outstanding Chesapeake Energy stock. The first Chesapeake Energy trade was made in Q1 2021. Since then Howard Marks bought shares three more times and sold shares on twelve occasions. The stake costed the investor $232M, netting the investor a gain of 84% so far.