GF Fund Management Reduces Valero Energy Stake by 25%

The investment firm sold over 12,000 shares of the oil and gas company in Q4 2025.

Apr. 19, 2026 at 10:44am

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A highly detailed, cinematic close-up image of heavy, polished industrial machinery and equipment, conceptually representing the tangible financial mechanics and infrastructure of the oil and gas industry.An extreme close-up of the complex machinery and equipment that powers the operations of a major oil refinery, reflecting the institutional investors that help finance this critical energy infrastructure.San Antonio Today

GF Fund Management CO. LTD. reduced its position in Valero Energy Corporation (NYSE:VLO) by 25.4% in the fourth quarter of 2025, according to a recent SEC filing. The firm sold 12,837 shares, leaving it with 37,730 shares worth $6.14 million as of the end of the quarter.

Why it matters

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

The details

GF Fund Management sold the Valero shares as part of a broader portfolio rebalancing during the quarter. Other institutional investors, including Ninety One UK Ltd and River Street Advisors LLC, also made adjustments to their Valero positions in Q4 2025.

  • GF Fund Management reduced its Valero Energy stake in Q4 2025.
  • The SEC filing disclosing the changes was made on April 19, 2026.

The players

GF Fund Management CO. LTD.

An investment management firm that previously held a larger position in Valero Energy Corporation.

Valero Energy Corporation

A major independent oil refining company based in San Antonio, Texas.

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of major energy companies as investors navigate the complex landscape of oil and gas markets, refining margins, and the energy transition.