Howard Marks acquired 5.06M Chesapeake Energy Corp. shares worth $412M. That's 10.89% of their entire equity portfolio (3rd largest holding). The investor owns 4.90% of the outstanding Chesapeake Energy Corp. stock. The first Chesapeake Energy Corp. trade was made in Q1 2021. Since then Howard Marks bought shares two more times and sold shares on eleven occasions. The stake costed the investor $225M, netting the investor a gain of 84% so far.