Chevy Chase Trust Trims Valero Energy Holdings

Institutional investor reduces stake in oil and gas company by 4.1% in Q3

Mar. 17, 2026 at 8:09am

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Chevy Chase Trust Holdings LLC, an institutional investor, trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 4.1% in the third quarter, according to a recent SEC filing. The firm now owns 159,358 shares of the oil and gas company's stock, valued at $27,132,000 as of its most recent filing.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, so changes in institutional ownership of the company's stock can provide insights into broader market sentiment around the energy sector and the company's performance.

The details

Chevy Chase Trust Holdings sold 6,862 shares of Valero Energy in the third quarter, reducing its total stake in the company to 159,358 shares. The firm cited the company's stock performance and market conditions as factors behind the decision to trim its holdings. Valero Energy's stock has seen significant volatility in recent quarters amid fluctuations in oil and gas prices.

  • Chevy Chase Trust Holdings filed the SEC disclosure in the third quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

An institutional investor that manages a portfolio of equity and fixed-income investments.

Valero Energy Corporation

A San Antonio-based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks, and other industrial products.

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The takeaway

This move by Chevy Chase Trust Holdings reflects broader uncertainty in the energy sector, as investors navigate volatile commodity prices and the transition towards renewable energy sources. The reduction in the firm's Valero Energy holdings suggests a cautious outlook on the company's near-term prospects.