CVX

CVX

CVX

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2023 Q3	Sep 30, 2023	Carillon Eagle Growth & Income Fund	-	-	ABBV, ADP, CVX, ETN, MCD, MRK, NEE, RTX, TEL, UNH	-			View
2025 Q2	Aug 7, 2025	Meridian Hedged Equity Fund	4.9%	-	CVX, HUN, KVUE, MGM, MSFT, VST	capital preservation, downside protection, Hedging, Options, volatility	The commentary focuses on managing downside risk through selective hedging while maintaining equity upside. Covered calls and disciplined stock selection are used to smooth returns across market cycles. Capital preservation is framed as central to long-term compounding.	MGM MSFT VST	View
2025 Q2	Aug 27, 2025	Cullen Enhanced Equity Income Fund	-1.2%	4.5%	COP, CVX, DOW, JCI, NSC, PCAR, PPG, RTX	cash flow, defensiveness, dividends, income, volatility	The commentary highlights income-oriented equities as attractive amid elevated volatility and moderating growth. Management emphasizes dividends and option premiums as tools to enhance total return while reducing downside risk. The strategy prioritizes stability and cash flow over aggressive capital appreciation.	NSC COP PPG PCAR	View
2023 Q2	Jun 30, 2023	Carillon Eagle Growth & Income Fund	-	-	ABBV, AVGO, CCI, CVX, ETN, JPM, MRK, MSFT, TGT, WEC	-			View
2025 Q1	Mar 31, 2025	Carillon Eagle Growth & Income Fund	-	-	ABBV, ABT, AVGO, CVX, ETN, HPE, IBM, MSFT, ORCL, TMUS	-			View
2025 Q4	Feb 8, 2026	Auxier Asset Management	2.0%	15.2%	BK, BRK-A, BTI, C, CAT, CVX, FI, GE, GLW, GOOGL, HD, LOW, MSFT, MU, NOW, PH, QCOM, RTX, UNH, VLO	AI, Banking, Buybacks, defense, energy, healthcare, technology, value	Technology hyperscalers spent close to $400 billion in 2025 on AI infrastructure with potential to reach $527 billion in 2026. However, an MIT study found 95% of generative AI pilots failing to deliver measurable returns, raising concerns about overinvestment similar to the dot-com era. Supply demand dynamics favored US stocks with $1.1 trillion in total stock buybacks versus only $46 billion in IPOs. Energy leaders like Chevron rewarded shareholders with aggressive stock buybacks alongside strong production and growing dividends. Over 100 countries dramatically increased defense spending in 2025, providing a boost for the aerospace and defense sector. Jet engine production and maintenance soared, benefiting firms like Parker Hannifin, GE, RTX and Berkshire's Precision Castparts. In the fourth quarter, investors shifted toward undervalued, high-quality companies with strong free cash flow yields. Healthcare led with an 11.25% catch-up return as its valuation metrics remain at a significant discount to the broader market. Larger banks enjoyed steepening yield curves and robust capital markets activity, with Bank of New York and Citigroup showing strong fundamentals at cheap valuations. JPMorgan predicts a breakout year for IPOs in 2026 with names like SpaceX, OpenAI and Anthropic potentially entering the market.		View
Q4 2025	Feb 25, 2026	The D. E. Shaw Group	-	-	AAPL, AMZN, AVGO, BRK-B, CVX, GE, GOOGL, IBM, JNJ, JPM, META, MSFT, NVDA, PG, TSLA, WFC, XOM	active management, AI, Concentration, market structure, Mega Cap, portfolio construction, risk management, technology	Breakthroughs in artificial intelligence have helped drive notably strong performance in a handful of mega cap stocks. The concentration in tech and AI-related companies has contributed to the current market dynamics where the ten largest S&P 500 constituents account for more than 40% of the index's weight. The document extensively analyzes how market concentration affects portfolio risk characteristics and active management strategies. It discusses the implications for risk models, beta distributions, and the challenges concentration poses for traditional risk management approaches in equity portfolios. The analysis focuses on how equity market concentration impacts the fundamental law of active management, transfer coefficients, and breadth of investment opportunities. It examines the structural changes in capital markets that affect managers' ability to generate alpha and express investment views effectively.		View
2025 Q4	Feb 18, 2026	The Gabelli Equity Income Fund	2.2%	16.5%	BK, CR, CVX, DE, FCX, FLR, GATX, GPC, MSFT, NEM, NFG, STT	AI, dividends, energy, financials, gold, Utilities	Gold had its best year since 1979, rising 66% as a result of geopolitical uncertainty and central bank buying. Gold miners such as Newmont Corp. are levered to the price of gold, making it the biggest contributor to returns for both the fourth quarter and the full year. The Fund focuses on dividend-producing equity securities, though this may limit potential for appreciation during broad market advances. The prices of dividend-producing equity securities can be highly volatile. The American economy continues to embrace AI technology, and the prospect of large increases in productivity is spurring optimism. AI-related infrastructure and power demand are driving growth in various sectors. Natural gas demand in the Northeast is accelerating, driven in part by rising electricity consumption from data centers and AI-related load growth. Companies like National Fuel Gas benefit from strategic positioning near population centers.	NFG MSFT CVX	View
2023 Q4	Dec 31, 2023	Carillon Eagle Growth & Income Fund	-	-	AVGO, AZN, BLK, CVX, FDX, GPC, MSFT, NOC, PNC	-			View
2022 Q4	Dec 31, 2022	Madison Dividend Income Fund	13.9%	-5.4%	CVX	-			View
2023 Q3	Oct 31, 2023	The London Company Income Equity	10.4%	14.6%	AAPL, CCI, CVX, NOC, NSC, PAYX, PFE, PGR, TXN, VZ	-			View
2025 Q4	Jan 24, 2026	Miller Howard North American Energy Fund	1.0%	6.1%	CHRD, CNQ, CVE, CVX, EQT, GPOR, HES, LBRT, MPC, OKE, OXY, PBA, PSX, RRC, SM, SU, VLO, XOM	Data centers, dividends, energy, Natural Gas, North America, oil, Refiners	Pressure pumpers are seeing growing interest in supplying power to data centers under long-term contractual arrangements. Mobile generation equipment can be deployed within weeks at competitive efficiency levels. Liberty Energy announced a positive 1GW data center power generation project by year-end 2027. Natural gas prices rallied sharply amid a cold start to winter in the US, supported by strong LNG exports and rising data center power demand. The portfolio reduced natural gas price exposure by selling EQT Corp and trimming Range Resources Corp. Oil prices drifted lower on a near-term supply glut and closed the quarter in the mid-$50/bbl range. Adjusted for inflation, prices are near century lows. At current prices, E&Ps are expected to further rein in production with US supply likely to decline in 2026. The portfolio increased Valero and Phillips 66 on strong refinery dynamics. Marathon Petroleum had a rare refinery earnings miss on operational items believed to be one-time, with favorable 2026 capex guidance. The portfolio currently offers an indicated yield of 3.2% that is well supported down to roughly $45/bbl oil, with potential for significantly larger variable capital returns at higher commodity prices. Suncor Energy raised its dividend 5.3% amid strong buybacks.		View
2025 Q4	Jan 21, 2026	Guinness Global Energy	0.0%	9.0%	BP, CNQ.TO, COP, CVX, FANG, SHEL, SU.TO, TTE, VLO, XOM	energy, Exploration, Gas, Integrated, oil, Production	The letter positions global energy equities as long-term beneficiaries of population growth, industrialization, and constrained fossil fuel supply, which together support structurally higher energy prices. Energy companies are viewed as a partial hedge against inflation given their linkage to real assets and commodity pricing. A disciplined, value-biased approach combines top-down energy market analysis with bottom-up stock selection in a concentrated portfolio of large, established energy producers.		View
2025 Q4	Jan 20, 2026	Madison Dividend Income Fund	-0.2%	8.3%	AAPL, AMZN, AVGO, BLK, CME, CVX, GOOGL, HON, JNJ, MDT, META, MS, MSFT, NEE, NVDA, TSLA, UNP, XOM	defensives, dividends, income, large cap, Quality, value	The fund focuses on high-quality, above-average dividend yield stocks with sustainable competitive advantages. Portfolio holdings increased dividends by 6% on average over the past year, well above inflation rates. The fund's absolute portfolio dividend yield of 2.53% compares favorably to 1.12% for the S&P 500. Many dividend paying companies are historically cheap compared to the broad market. The relative yield of the Dividend Income Fund was 2.25x the S&P 500 at year-end, at the very high end of historical ranges. The equal weight S&P 500 is trading at just half the valuation level of the S&P 500. The fund maintains a high-quality portfolio with strong balance sheets that could protect on the downside in a market correction. 94% of fund holdings are rated A- or better by Standard & Poor's, which compares favorably to the S&P 500 at 35% and the Russell 1000 Value at 22%.		View
2023 Q2	Jul 19, 2023	Farnam Street	0.0%	0.0%	CVX, LOV	-			View
2023 Q1	Apr 20, 2023	The London Company Large Cap	8.1%	14.6%	BLK, CVX, FDX, GOOG, NSC, ODFL, SCHW, STOR	-			View
2025 Q1	Mar 31, 2025	Ariel Focus Fund	-3.9%	-3.9%	BIO, CVX, Gold, NTRS, ORCL, REZI, SJM	-			View
2023 Q3	Mar 10, 2023	Ariel Focus Fund	10.6%	0.0%	APA, CVX, GNRC, GS, KVUE, LESL, MHK, PHIN, SPHR	-			View
2023 Q4	Jan 23, 2024	The London Company Income Equity	10.4%	14.6%	APD, BLK, CVX, DEO, NSC, SCHW	-			View
2023 Q4	Jan 23, 2024	The London Company Large Cap	8.1%	14.6%	ALB, BLK, CVX, FDX, MLM, SCHW	-			View
2023 Q4	Jan 2, 2024	Diamond Hill Large Cap Strategy	7.9%	14.7%	AIG, ALL, BAC, BWA, CARR, CVX, KKR, PFE	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Feb 21, 2026	Fund Letters	Mario J. Gabelli	Chevron Corporation	Energy	Integrated Oil & Gas	Bull	New York Stock Exchange	buybacks, dividend, Free Cash Flow, Guyana, Permian	View Pitch
Jan 17, 2026	Seeking Alpha	Seeking Alpha	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	New York Stock Exchange	AI data centers, Chevron Corporation, energy production, enhanced oil recovery, Free Cash Flow, oil and gas, Power generation, shareholder returns, Stabroek Block, Venezuela expansion	View Pitch
Jan 8, 2026	Substack	Sleepy Sol	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	New York Stock Exchange	asset seizure, Chevron, Energy Sector, geopolitical changes, investment risk, oil reserves, political stability, supply chain, US foreign policy, Venezuela	View Pitch
Oct 16, 2025	Seeking Alpha	Seeking Alpha	Chevron Corporation		Oil & Gas Integrated	Bull		Dividend Growth, Dividend security, dividend yield, Energy Sector, EPS growth, Integrated energy company, Portfolio volatility, profitability	View Pitch
Aug 13, 2025	Seeking Alpha	Envision Research	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Gen Alpha	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Bay Area Ideas	Chevron Corporation	Energy	Oil & Gas Integrated	Bear	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Mike Zaccardi, CFA, CMT	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Louis Gerard	Chevron Corporation	Energy	Oil & Gas Integrated	Neutral	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Skeptical12	Chevron Corporation	Energy	Oil & Gas Integrated	Bear	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	The Value Portfolio	Chevron Corporation	Energy	Oil & Gas Integrated	Bull	NYSE	—	View Pitch

BSD Shareholders of CVX

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

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