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
- 25
- Reported value
- $7.3bn
- Buyers
- 24
- Sellers
- 16
Breadth +8 among 91 comparable managers.
Chevron Corporation
- Holders
- 37
- Reported value
- $32.6bn
- Buyers
- 23
- Sellers
- 20
Breadth +3 among 91 comparable managers.
Who holds both, Q2 2026
Both (16)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Bridgewater Associates LP, Discovery Capital Management LLC, Fidelity (FMR LLC), Holocene Advisors LP, Invesco Ltd, Man Group PLC, MFS Investment Management, Millennium Management LLC, Renaissance Technologies LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Wellington Management Group LLP, Woodline Partners LP
Only VLO (9)
Arrowstreet Capital LP, Balyasny Asset Management LLC, Caxton Associates LLP, Freestone Grove Partners LP, Moore Capital Management LP, Rokos Capital Management LLP, Two Sigma Investments LP, Verition Fund Management LLC, Winton Group Ltd
Only CVX (21)
Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, D. E. Shaw & Co., Dodge & Cox, ExodusPoint Capital Management LP, GAMCO Investors Inc, Harris Associates LP, Jane Street Group LLC, Janus Henderson Group Ltd, Marshall Wace LLP, Neuberger Berman Group LLC, PDT Partners LLC, Point72 Asset Management LP, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, Tudor Investment Corp, Voloridge Investment Management LLC, Walleye Capital 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.