Howard Marks acquired 11 Million Chesapeake Energy Corp. - New shares worth $1.03 Billion. It makes up 12.31% of their stock portfolio and is their biggest holding. The investor owns 9.72% of the outstanding Chesapeake Energy Corp. - New stock. Howard Marks started to build up the position in Chesapeake Energy Corp. - New in Q1 2021 and continued to invest until Q4 2021. Since then they sold 1 Million shares. The stake costed the investor $486 Million, netting the investor a gain of 113% so far.