Envestnet Asset Management Reduces Stake in Delek US Holdings

Asset management firm cuts position in oil and gas company by 26.2% in Q3

Published on Feb. 27, 2026

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Envestnet Asset Management Inc. has reduced its stake in Delek US Holdings, Inc. (NYSE:DK) by 26.2% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 77,985 shares of the oil and gas company's stock, worth approximately $2.52 million.

Why it matters

Envestnet Asset Management's reduced position in Delek US Holdings reflects broader trends in the energy sector, as investors navigate volatility in oil and gas prices. The filing provides insight into the investment decisions of a major asset management firm.

The details

According to the 13F filing, Envestnet Asset Management sold 27,707 shares of Delek US during the third quarter, reducing its total position to 77,985 shares. The firm now owns approximately 0.13% of Delek US, which is an independent downstream energy company focused on refining, logistics, and marketing of petroleum products.

  • Envestnet Asset Management filed the 13F report for the third quarter of 2026.

The players

Envestnet Asset Management Inc.

A Chicago-based investment management firm that provides wealth management solutions to financial advisors and enterprises.

Delek US Holdings, Inc.

An independent downstream energy company engaged in refining, logistics, and marketing of petroleum products, headquartered in Brentwood, Tennessee.

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The takeaway

Envestnet Asset Management's reduced stake in Delek US Holdings reflects the ongoing volatility and uncertainty in the energy sector, as investors carefully manage their portfolios in response to shifting market conditions.