Which funds own VLO
Valero Energy Corp in the Q2 2026 filings. At least 14 of the 91 current managers on file reported a position, worth $5.8bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 10 managers opened or added against 4 cutting.
- Managers holding
- 14
- at least, of 91 current
- Combined value
- $5.8bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 4
- 0 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $2.2bn | 0.1% | 8,504,389 | +$147m+134,624 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.0bn | 0.1% | 3,924,248 | -$988m-4,209,220 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $571m | 0.3% | 2,192,092 | -$131m-650,247 | Trimmed |
| AQR Capital Management LLC Quantitative · $287bn book | $526m | 0.2% | 2,020,410 | +$356m+1,330,979 | Added |
| MFS Investment Management Long-only · $315bn book | $504m | 0.2% | 1,908,575 | -$400k-107,194 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $334m | 0.2% | 1,283,485 | +$164m+592,325 | Added |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $300m | 0.4% | 1,152,293 | +$31m+64,111 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $112m | 0.3% | 430,579 | opened430,579 | New |
| Bridgewater Associates LP Macro · $24.4bn book | $74m | 0.3% | 285,001 | +$41m+151,003 | Added |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $45m | 0.3% | 171,632 | +$3.7m+5,851 | Added |
| Rokos Capital Management LLP Macro · $26.8bn book | $32m | 0.1% | 124,563 | -$14m-62,007 | Trimmed |
| Discovery Capital Management LLC Macro · $2.4bn book | $31m | 1.3% | 119,400 | +$10m+34,400 | Added |
| Winton Group Ltd Quantitative · $3.1bn book | $15m | 0.5% | 58,515 | +$14m+54,259 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $13m | 0.2% | 50,657 | opened50,657 | New |
Ownership through time
At least 25 of the 95 managers whose filings are on file listed VLO in Q2 2026, against 14 in Q2 2013. 4 managers more than in Q1 2026: 4 started positions; 3 listed it again; 3 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 14
- Q3 2013: 18
- Q4 2013: 18
- Q1 2014: 24
- Q2 2014: 24
- Q3 2014: 22
- Q4 2014: 19
- Q1 2015: 23
- Q2 2015: 20
- Q3 2015: 21
- Q4 2015: 24
- Q1 2016: 22
- Q2 2016: 16
- Q3 2016: 17
- Q4 2016: 15
- Q1 2017: 15
- Q2 2017: 11
- Q3 2017: 19
- Q4 2017: 11
- Q1 2018: 17
- Q2 2018: 22
- Q3 2018: 19
- Q4 2018: 19
- Q1 2019: 20
- Q2 2019: 16
- Q3 2019: 20
- Q4 2019: 26
- Q1 2020: 19
- Q2 2020: 15
- Q3 2020: 14
- Q4 2020: 14
- Q1 2021: 17
- Q2 2021: 14
- Q3 2021: 11
- Q4 2021: 17
- Q1 2022: 20
- Q2 2022: 22
- Q3 2022: 23
- Q4 2022: 19
- Q1 2023: 19
- Q2 2023: 22
- Q3 2023: 22
- Q4 2023: 20
- Q1 2024: 21
- Q2 2024: 22
- Q3 2024: 20
- Q4 2024: 18
- Q1 2025: 13
- Q2 2025: 17
- Q3 2025: 21
- Q4 2025: 21
- Q1 2026: 21
- Q2 2026: 25
- Q2 2013: $2.2bn
- Q3 2013: $2.1bn
- Q4 2013: $3.7bn
- Q1 2014: $4.4bn
- Q2 2014: $3.5bn
- Q3 2014: $2.4bn
- Q4 2014: $2.9bn
- Q1 2015: $3.7bn
- Q2 2015: $3.7bn
- Q3 2015: $3.4bn
- Q4 2015: $3.8bn
- Q1 2016: $2.7bn
- Q2 2016: $1.4bn
- Q3 2016: $1.3bn
- Q4 2016: $1.6bn
- Q1 2017: $1.4bn
- Q2 2017: $1.3bn
- Q3 2017: $1.9bn
- Q4 2017: $2.2bn
- Q1 2018: $2.5bn
- Q2 2018: $4.6bn
- Q3 2018: $4.9bn
- Q4 2018: $3.1bn
- Q1 2019: $3.2bn
- Q2 2019: $2.3bn
- Q3 2019: $2.3bn
- Q4 2019: $2.5bn
- Q1 2020: $1.0bn
- Q2 2020: $1.5bn
- Q3 2020: $1.2bn
- Q4 2020: $1.9bn
- Q1 2021: $2.8bn
- Q2 2021: $2.8bn
- Q3 2021: $2.2bn
- Q4 2021: $2.0bn
- Q1 2022: $2.9bn
- Q2 2022: $4.2bn
- Q3 2022: $4.3bn
- Q4 2022: $3.9bn
- Q1 2023: $4.2bn
- Q2 2023: $3.6bn
- Q3 2023: $4.1bn
- Q4 2023: $3.2bn
- Q1 2024: $4.4bn
- Q2 2024: $4.0bn
- Q3 2024: $2.9bn
- Q4 2024: $2.5bn
- Q1 2025: $3.6bn
- Q2 2025: $3.9bn
- Q3 2025: $5.7bn
- Q4 2025: $5.2bn
- Q1 2026: $7.7bn
- Q2 2026: $7.3bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- AQR Capital Management LLC689,431 to 2,020,410 shares+$347m
- Two Sigma Investments LP691,160 to 1,283,485 shares+$154m
- Holocene Advisors LPnew: 430,579 shares+$112m
- Invesco Ltd2,635,134 to 2,845,727 shares+$55m
- Bridgewater Associates LP133,998 to 285,001 shares+$39m
Largest decreases, by shares
- T. Rowe Price Associates Inc8,133,468 to 3,924,248 shares-$1.1bn
- Arrowstreet Capital LP2,842,339 to 2,192,092 shares-$169m
- Wellington Management Group LLP1,311,224 to 694,975 shares-$160m
- Millennium Management LLC1,350,674 to 804,483 shares-$142m
- MFS Investment Management2,015,769 to 1,908,575 shares-$28m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2013 | $2.2bn | $2.2bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $2.0bn | $1.0bn | |
| Invesco Ltd | Q2 2013 | $741m | $741m | |
| Arrowstreet Capital LP | Q3 2017 | $702m | $571m | |
| AQR Capital Management LLC | Q2 2013 | $952m | $526m | |
| MFS Investment Management | Q2 2013 | $504m | $504m | |
| Two Sigma Investments LP | Q3 2013 | $334m | $334m | |
| Acadian Asset Management LLC | Q3 2013 | $300m | $300m | |
| Millennium Management LLC | Q3 2013 | $334m | $210m | |
| Wellington Management Group LLP | Q2 2013 | $528m | $181m | |
| Holocene Advisors LP | Q4 2018 | $117m | $112m | |
| AllianceBernstein LP | Q2 2013 | $596m | $88m | |
| Squarepoint Ops LLC | Q1 2016 | $91m | $82m | |
| Bridgewater Associates LP | Q2 2013 | $74m | $74m | |
| Balyasny Asset Management LLC | Q4 2019 | $103m | $69m | |
| Capital World Investors | Q2 2014 | $1.4bn | last listed Q4 2022 | |
| Viking Global Investors LP | Q2 2013 | $803m | last listed Q2 2014 | |
| D. E. Shaw & Co. | Q2 2013 | $726m | last listed Q4 2019 | |
| Jane Street Group LLC | Q2 2015 | $316m | last listed Q2 2024 | |
| Janus Henderson Group Ltd | Q2 2013 | $295m | last listed Q1 2026 | |
| Capital Research Global Investors | Q4 2016 | $292m | last listed Q1 2022 | |
| Two Sigma Advisers LP | Q4 2013 | $186m | last listed Q4 2025 | |
| Citadel Advisors LLC | Q4 2020 | $179m | last listed Q4 2024 | |
| Marshall Wace LLP | Q1 2014 | $169m | last listed Q1 2026 | |
| Voloridge Investment Management LLC | Q3 2014 | $144m | last listed Q4 2025 |
What VLO is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around VLO →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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