Mirae Asset Global Investments Trims Stake in Valero Energy

South Korean asset manager reduces holdings in major U.S. oil refiner

Apr. 17, 2026 at 11:20am

Got story updates? Submit your updates here. ›

An extreme close-up of the gears, pipes, and valves of an industrial oil refinery, rendered in a high-contrast, cinematic style that emphasizes the complex, mechanical nature of energy infrastructure.Mirae Asset's reduction in its Valero Energy holdings reflects broader uncertainty in the oil and gas sector.San Antonio Today

Mirae Asset Global Investments Co. Ltd., a major South Korean asset management firm, has reduced its stake in Valero Energy Corporation, one of the largest oil refining companies in the United States. The firm sold 6,462 shares of Valero Energy in the fourth quarter, representing a 1.9% decrease in its overall holdings.

Why it matters

Valero Energy is a bellwether stock for the U.S. energy sector, and changes in major institutional ownership can signal broader market trends or investor sentiment around the company and the industry. Mirae Asset's decision to trim its Valero position provides insight into how some large global investors are viewing the current state of the oil and gas market.

The details

According to a recent SEC filing, Mirae Asset Global Investments cut its stake in Valero Energy by 1.9% in the fourth quarter of 2025. The firm now owns 325,977 shares of the oil and gas company's stock, worth approximately $53 million as of the most recent reporting period. Valero Energy is one of the largest independent oil refiners in North America, with a diverse portfolio of 15 refineries across the United States, Canada and the United Kingdom.

  • Mirae Asset Global Investments filed its most recent 13F report with the SEC on April 17, 2026, disclosing its Q4 2025 holdings.
  • The firm reduced its Valero Energy position during the three-month period ending December 31, 2025.

The players

Mirae Asset Global Investments Co. Ltd.

A major South Korean asset management firm that oversees over $560 billion in assets globally.

Valero Energy Corporation

One of the largest independent oil refining companies in North America, with operations across the United States, Canada and the United Kingdom.

Got photos? Submit your photos here. ›

The takeaway

Mirae Asset's decision to trim its Valero Energy holdings provides a window into how some large global investors are viewing the current state of the oil and gas market, as the industry navigates volatile commodity prices and the ongoing energy transition.