TD Asset Management Inc Boosts Valero Energy Stake

Investment firm increases position in oil and gas company by 25.6% in Q3

Mar. 3, 2026 at 12:15am

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TD Asset Management Inc., an institutional investor, increased its stake in Valero Energy Corporation (NYSE:VLO) by 25.6% in the third quarter of 2025, according to a recent SEC filing. The firm now owns 143,363 shares of the oil and gas company's stock, valued at $24.4 million.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, and its stock performance is closely watched by investors as an indicator of the health of the broader energy sector. TD Asset Management's increased position suggests the firm sees further upside potential in Valero's shares.

The details

According to the SEC filing, TD Asset Management purchased an additional 29,191 shares of Valero Energy during the third quarter, bringing its total position to 143,363 shares. The investment firm cited Valero's strong operational and financial performance as reasons for the increased stake.

  • TD Asset Management filed the 13F report disclosing the increased Valero Energy stake on March 1, 2026.
  • The firm acquired the additional 29,191 shares in the third quarter of 2025.

The players

TD Asset Management Inc.

A Canadian investment management firm that oversees over $400 billion in assets for institutional and retail clients.

Valero Energy Corporation

A San Antonio, Texas-based integrated oil and gas company that operates 15 petroleum refineries in the United States and Canada.

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The takeaway

TD Asset Management's increased stake in Valero Energy suggests the firm sees continued growth potential in the oil refiner's stock, which could signal broader optimism about the energy sector's outlook among institutional investors.