Holders over time
- VLO
- CVX
| Quarter | VLO | CVX |
|---|---|---|
| Q3 2020 | 14 holders, $1.2bn | 18 holders, $9.3bn |
| Q4 2020 | 14 holders, $1.9bn | 27 holders, $12.0bn |
| Q1 2021 | 17 holders, $2.8bn | 22 holders, $12.8bn |
| Q2 2021 | 14 holders, $2.8bn | 25 holders, $12.5bn |
| Q3 2021 | 11 holders, $2.2bn | 25 holders, $12.4bn |
| Q4 2021 | 17 holders, $2.0bn | 24 holders, $14.6bn |
| Q1 2022 | 20 holders, $2.9bn | 25 holders, $39.6bn |
| Q2 2022 | 22 holders, $4.2bn | 25 holders, $35.6bn |
| Q3 2022 | 23 holders, $4.3bn | 33 holders, $37.1bn |
| Q4 2022 | 19 holders, $3.9bn | 33 holders, $45.2bn |
| Q1 2023 | 19 holders, $4.2bn | 32 holders, $36.7bn |
| Q2 2023 | 22 holders, $3.6bn | 32 holders, $34.1bn |
| Q3 2023 | 22 holders, $4.1bn | 31 holders, $33.6bn |
| Q4 2023 | 20 holders, $3.2bn | 29 holders, $32.3bn |
| Q1 2024 | 21 holders, $4.4bn | 24 holders, $31.7bn |
| Q2 2024 | 22 holders, $4.0bn | 30 holders, $31.2bn |
| Q3 2024 | 20 holders, $2.9bn | 28 holders, $28.5bn |
| Q4 2024 | 18 holders, $2.5bn | 28 holders, $28.4bn |
| Q1 2025 | 13 holders, $3.6bn | 26 holders, $32.6bn |
| Q2 2025 | 17 holders, $3.9bn | 27 holders, $28.7bn |
| Q3 2025 | 21 holders, $5.7bn | 33 holders, $34.2bn |
| Q4 2025 | 21 holders, $5.2bn | 33 holders, $34.8bn |
| Q1 2026 | 21 holders, $7.7bn | 40 holders, $40.1bn |
| Q2 2026 | 25 holders, $7.3bn | 37 holders, $32.6bn |
Valero Energy Corp
- Holders
- 21
- Reported value
- $4.4bn
- Buyers
- 12
- Sellers
- 10
Breadth +2 among 93 comparable managers.
Chevron Corporation
- Holders
- 24
- Reported value
- $31.7bn
- Buyers
- 11
- Sellers
- 14
Breadth -3 among 93 comparable managers.
Who holds both, Q1 2024
Both (12)
AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Eisler Capital Management Ltd, Fidelity (FMR LLC), Invesco Ltd, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Winton Group Ltd
Only VLO (9)
Acadian Asset Management LLC, Brevan Howard Capital Management LP, Bridgewater Associates LP, ExodusPoint Capital Management LP, Man Group PLC, Marshall Wace LLP, PDT Partners LLC, Two Sigma Investments LP, Voloridge Investment Management LLC
Only CVX (12)
Berkshire Hathaway Inc, Capital Research Global Investors, Capital World Investors, Dodge & Cox, GAMCO Investors Inc, Harris Associates LP, Jane Street Group LLC, Janus Henderson Group Ltd, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, Wellington Management Group LLP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.