Howard Marks acquired 7 Million Chesapeake Energy Corp. shares worth $610 Million. That's 11.37% of their entire equity portfolio (2nd largest holding). The investor owns 5.30% of the outstanding Chesapeake Energy Corp. stock. Howard Marks started to build up the position in Chesapeake Energy Corp. in Q1 2021 and continued to invest until Q4 2021. Since then they sold 5 Million shares. The stake costed the investor $309 Million, netting the investor a gain of 97% so far.