Madison Asset Management Trims Chevron Holdings

Investment firm reduces stake in oil and gas giant by 4.6% in Q3 2025

Published on Feb. 11, 2026

Got story updates? Submit your updates here. ›

Madison Asset Management LLC, a Wisconsin-based investment firm, decreased its position in Chevron Corporation (NYSE:CVX) by 4.6% in the third quarter of 2025, according to a recent 13F filing. The firm now holds 120,842 shares of the oil and gas company's stock, valued at $18.77 million.

Why it matters

Chevron is one of the world's largest integrated energy companies, and changes in institutional ownership can provide insights into market sentiment around the stock. Madison Asset Management's decision to trim its Chevron holdings may signal broader trends in the energy sector or the firm's own investment strategy.

The details

According to the 13F filing, Madison Asset Management sold 5,866 shares of Chevron during the third quarter, reducing its total position to 120,842 shares. The firm's holdings in Chevron were valued at $18.77 million at the end of the reporting period.

  • Madison Asset Management filed its 13F report for the third quarter of 2025.

The players

Madison Asset Management LLC

A Wisconsin-based investment management firm that decreased its position in Chevron Corporation in the third quarter of 2025.

Chevron Corporation

An American multinational energy company engaged in oil and gas exploration, production, refining, and marketing.

Got photos? Submit your photos here. ›

The takeaway

Madison Asset Management's decision to trim its Chevron holdings reflects broader trends in the energy sector, as institutional investors navigate the evolving landscape of the oil and gas industry.