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
- 20
- Reported value
- $2.9bn
- Buyers
- 13
- Sellers
- 9
Breadth +4 among 94 comparable managers.
Chevron Corporation
- Holders
- 28
- Reported value
- $28.5bn
- Buyers
- 14
- Sellers
- 15
Breadth -1 among 94 comparable managers.
Who holds both, Q3 2024
Both (15)
Acadian Asset Management LLC, AQR Capital Management LLC, Caxton Associates LLP, Fidelity (FMR LLC), Invesco Ltd, MFS Investment Management, Moore Capital Management LP, Quantbot Technologies LP, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Voloridge Investment Management LLC, Wellington Management Group LLP
Only VLO (5)
Brevan Howard Capital Management LP, Point72 Asset Management LP, Tudor Investment Corp, Two Sigma Investments LP, Winton Group Ltd
Only CVX (13)
AllianceBernstein LP, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Eisler Capital Management Ltd, ExodusPoint Capital Management LP, GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Neuberger Berman Group LLC
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.