Several large hedge funds and advisory firms sold large positions in Chesapeake (CHK -3.4%) in...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Several large hedge funds and advisory firms sold large positions in Chesapeake (CHK -3.4%) in Q1, showing CHK was losing some its luster even before its odd financial arrangements became widely followed. SAC Capital sold 91% of its CHK holdings in the quarter, Millenium 86%, Fidelity 59% (but still held $164M at the end of Q1).