Fisher Asset Management Reduces Delek US Holdings Stake

The investment firm sold over 42,000 shares of the oil and gas company in the third quarter.

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

Fisher Asset Management LLC decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 3.1% in the 3rd quarter, according to the company's recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 1,340,572 shares of the oil and gas company's stock, worth approximately $43.26 million.

Why it matters

Delek US is a major player in the oil and gas industry, operating a network of inland refineries, storage terminals, pipelines, and convenience stores across the United States. Changes in ownership by large institutional investors like Fisher Asset Management can signal shifts in market sentiment and future performance expectations for the company.

The details

Fisher Asset Management sold 42,727 shares of Delek US during the third quarter, reducing its overall stake in the company to 2.23%. The firm cited market conditions and portfolio rebalancing as reasons for the sale. Delek US has seen its stock price fluctuate in recent quarters, trading between $11.02 and $43.50 over the past year.

  • Fisher Asset Management filed its 13F report for the 3rd quarter of 2026 on March 4, 2026.

The players

Fisher Asset Management LLC

An investment management firm that owns a significant stake in Delek US Holdings.

Delek US Holdings, Inc.

An independent downstream energy company engaged in refining, logistics, and marketing of petroleum products, with a network of inland refineries, storage terminals, pipelines, and convenience stores.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Fisher Asset Management's Delek US Holdings stake suggests the investment firm may have a more cautious outlook on the oil and gas company's near-term performance, though Delek US remains an important holding in its portfolio.