VALERO ENERGY CORP VLO
COM · Common Stock · CUSIP 91913Y100 · ISIN US91913Y1001
American petroleum company
- SectorEnergy
- IndustryPetroleum Refining
- HeadquartersSan Antonio, TX
- Founded1980
- Websitevalero.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($148.0m this quarter). Holder counts are more reliable. Shares outstanding: 353.1m as of 2023-07-21, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $117.36. Options: 40 managers hold calls ($1.0bn notional), 42 hold puts ($798.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,241 |
| Q4 2022 | 1,326 |
| Q1 2023 | 1,397 |
| Q2 2023 | 1,345 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 579 | 589 |
| Q1 2023 | 647 | 613 |
| Q2 2023 | 568 | 713 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $853.3m | $1.1bn | 1.26 |
| Q4 2022 | $913.4m | $1.3bn | 1.44 |
| Q1 2023 | $996.7m | $946.9m | 0.95 |
| Q2 2023 | $1.0bn | $798.2m | 0.78 |
Biggest buyers
| MONTRUSCO BOLTON INVESTMENTS INC. | New | +1.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.8m |
| BARCLAYS PLC | Added | +1.0m |
| Balyasny Asset Management L.P. | Added | +868.5k |
| MARSHALL WACE, LLP | Added | +699.1k |
| Holocene Advisors, LP | New | +639.5k |
| Qube Research & Technologies Ltd | New | +637.7k |
| CITADEL ADVISORS LLC | Added | +632.5k |
| Alyeska Investment Group, L.P. | Added | +600.7k |
| Pacer Advisors, Inc. | Added | +505.7k |
Biggest sellers
| FMR LLC | Reduced | -15.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.5m |
| BlackRock Inc. | Reduced | -4.1m |
| STATE STREET CORP | Reduced | -2.0m |
| EP Wealth Advisors, LLC | Reduced | -1.3m |
| VANGUARD GROUP INC | Reduced | -1.2m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -1.1m |
| DEUTSCHE BANK AG\ | Reduced | -978.6k |
| HRT FINANCIAL LP | Reduced | -916.1k |
| JANE STREET GROUP, LLC | Reduced | -773.2k |
Biggest calls
| Twin Tree Management, LP | Added | $240.7m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $181.2m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $139.0m1.2m shares |
| BlackRock Inc. | New | $94.6m806.7k shares |
| JANE STREET GROUP, LLC | Reduced | $46.6m397.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $40.6m346.3k shares |
| UBS Group AG | Unchanged | $30.4m259.1k shares |
| Optiver Holding B.V. | Reduced | $30.2m257.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $28.4m243.8k shares |
| Jefferies Financial Group Inc. | New | $25.1m213.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $190.6m1.6m shares |
| CITADEL ADVISORS LLC | Reduced | $95.2m811.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $65.2m556.1k shares |
| JANE STREET GROUP, LLC | Reduced | $56.2m478.9k shares |
| Jefferies Financial Group Inc. | New | $53.9m459.7k shares |
| Optiver Holding B.V. | Reduced | $48.3m411.8k shares |
| D. E. Shaw & Co., Inc. | Added | $46.1m392.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $35.8m304.8k shares |
| Twin Tree Management, LP | Reduced | $25.7m219.3k shares |
| Yaupon Capital Management LP | Reduced | $23.5m200.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.6% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 7.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $2.2m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $2.3m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $5.0m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 34.2m $4.0bn | Reduced -1.2m |
| BlackRock Inc. 0.09% of their portfolio | 29.2m $3.4bn | Reduced -4.1m |
| STATE STREET CORP 0.15% of their portfolio | 24.5m $2.9bn | Reduced -2.0m |
| FMR LLC 0.11% of their portfolio | 10.7m $1.3bn | Reduced -15.5m |
| MORGAN STANLEY 0.10% of their portfolio | 8.4m $990.5m | Reduced -273.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.28% of their portfolio | 8.3m $971.2m | Added +240.7k |
| AMERIPRISE FINANCIAL INC 0.25% of their portfolio | 6.9m $809.6m | Added +36.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 6.7m $778.6m | Reduced -305.3k |
| Nuveen Asset Management, LLC 0.25% of their portfolio | 6.1m $718.8m | Added +434.1k |
| NORGES BANK 0.12% of their portfolio | 5.1m $599.7m | Added +397.2k |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 4.9m $579.0m | Reduced -4.5m |
| Bank of New York Mellon Corp 0.11% of their portfolio | 4.5m $522.8m | Reduced -243.6k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 4.1m $483.1m | Added +347.0k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 3.8m $443.3m | Reduced -325.6k |
| PUTNAM INVESTMENTS LLC 0.58% of their portfolio | 3.3m $392.7m | Added +48.7k |
| Invesco Ltd. 0.10% of their portfolio | 3.1m $365.7m | Added +175.9k |
| Amundi 0.18% of their portfolio | 3.0m $355.2m | Added +250.7k |
| Allianz Asset Management GmbH 0.69% of their portfolio | 2.9m $338.5m | Added +10.1k |
| MILLENNIUM MANAGEMENT LLC 0.34% of their portfolio | 2.8m $324.9m | Added +1.8m |
| Legal & General Group Plc 0.10% of their portfolio | 2.6m $304.7m | Reduced -146.4k |
| Pacer Advisors, Inc. 1.15% of their portfolio | 2.4m $285.5m | Added +505.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 2.3m $272.5m | Added +136.0k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 2.3m $270.9m | Added +66.0k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.1m $246.7m | Added +284.8k |
| AQR CAPITAL MANAGEMENT LLC 0.47% of their portfolio | 1.9m $218.9m | Added +448.4k |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.44% of their portfolio | 1.9m $221.8m | New |
| LSV ASSET MANAGEMENT 0.47% of their portfolio | 1.8m $212.8m | Reduced -6.3k |
| Allspring Global Investments Holdings, LLC 0.34% of their portfolio | 1.8m $209.6m | Reduced -251.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.25% of their portfolio | 1.8m $208.5m | Reduced -404.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 1.8m $245.8m | Unchanged |
| BARCLAYS PLC 0.13% of their portfolio | 1.7m $203.8m | Added +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.7m $202.4m | Reduced -14.1k |
| Swiss National Bank 0.11% of their portfolio | 1.3m $155.8m | Reduced -201.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.85% of their portfolio | 1.3m $147.7m | Added +142.4k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.2m $140.2m | Reduced -99.4k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 1.2m $139.5m | Added +95.8k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 1.0m $121.1m | Reduced -113.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 989.0k $116.0m | Added +52.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 959.7k $112.6m | Reduced -259.2k |
| Boston Partners 0.15% of their portfolio | 956.7k $112.2m | Reduced -427.3k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 950.0k $111.4m | Reduced -978.6k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 908.8k $106.6m | Reduced -132.3k |
| MARSHALL WACE, LLP 0.23% of their portfolio | 905.4k $106.2m | Added +699.1k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 900.5k $105.6m | Added +256.5k |
| Balyasny Asset Management L.P. 0.29% of their portfolio | 876.8k $102.8m | Added +868.5k |
| National Pension Service 0.16% of their portfolio | 852.2k $99.4m | Added +183.8k |
| HUNTINGTON NATIONAL BANK 0.89% of their portfolio | 813.7k $95.4m | Reduced -83.9k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 786.2k $92.2m | Reduced -151.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 784.5k $92.0m | Reduced -120.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 770.5k $90.4m | Added +34.3k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 743.9k $87.3m | Added +632.5k |
| Alyeska Investment Group, L.P. 0.66% of their portfolio | 740.0k $86.8m | Added +600.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.35% of their portfolio | 735.5k $86.3m | Reduced -230.2k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 723.1k $84.8m | Reduced -40.0k |
| California Public Employees Retirement System 0.07% of their portfolio | 697.8k $81.9m | Reduced -88.9k |
| AustralianSuper Pty Ltd 0.52% of their portfolio | 695.9k $81.6m | Added +465.4k |
| VAN ECK ASSOCIATES CORP 0.17% of their portfolio | 678.8k $79.6m | Reduced -26.0k |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 645.8k $75.8m | Reduced -20.4k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 641.1k $75.2m | Reduced -37.0k |
| Holocene Advisors, LP 0.33% of their portfolio | 639.5k $75.0m | New |
| Qube Research & Technologies Ltd 0.29% of their portfolio | 637.7k $74.8m | New |
| Ensign Peak Advisors, Inc 0.15% of their portfolio | 636.8k $74.7m | Reduced -61.1k |
| CITIGROUP INC 0.10% of their portfolio | 633.0k $74.3m | Reduced -100.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 625.8k $73.4m | Reduced -64.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 616.0k $72.3m | Added +16.8k |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 598.7k $70.2m | Reduced -42.2k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 597.7k $70.1m | Added +27.6k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 570.2k $66.9m | Added +3.8k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 552.1k $64.8m | Added +145.5k |
| INTECH INVESTMENT MANAGEMENT LLC 0.66% of their portfolio | 544.4k $63.9m | Added +276.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio | 523.6k $61.4m | Added +116.1k |
| CINCINNATI FINANCIAL CORP 1.38% of their portfolio | 514.6k $60.4m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 513.6k $60.2m | Reduced -50.6k |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 512.3k $60.2m | Added +465.9k |
| TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio | 503.4k $59.0m | Added +499.4k |
| UBS Group AG 0.03% of their portfolio | 499.4k $58.6m | Reduced -65.9k |
| Robeco Institutional Asset Management B.V. 0.15% of their portfolio | 481.3k $56.5m | Reduced -93.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.18% of their portfolio | 478.9k $56.2m | Added +127.7k |
| M&T Bank Corp 0.20% of their portfolio | 466.7k $54.7m | Reduced -1.9k |
| Empower Advisory Group, LLC 0.23% of their portfolio | 463.0k $54.3m | Added +12.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 460.4k $53.3m | Reduced -9.2k |
| SIR Capital Management, L.P. 5.85% of their portfolio | 454.9k $53.4m | Added +126.5k |
| Empire Life Investments Inc. 3.54% of their portfolio | 442.1k $51.9m | Added +3.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 427.0k $50.1m | Reduced -34.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.11% of their portfolio | 413.1k $48.5m | Reduced -40.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 412.5k $48.4m | Added +12.2k |
| PRIVATE MANAGEMENT GROUP INC 2.03% of their portfolio | 406.4k $47.7m | Added +6.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 405.8k $47.6m | Reduced -38.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio | 397.2k $46.6m | Added +187.9k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 382.2k $44.8m | Added +204.6k |
| LPL Financial LLC 0.03% of their portfolio | 378.6k $44.4m | Reduced -4.5k |
| Korea Investment CORP 0.12% of their portfolio | 376.0k $44.1m | Added +189.5k |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 369.1k $43.3m | Reduced -773.2k |
| Aberdeen Group plc 0.10% of their portfolio | 362.1k $42.5m | Added +29.4k |
| CINCINNATI INSURANCE CO 0.80% of their portfolio | 356.5k $41.8m | Unchanged |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.29% of their portfolio | 347.3k $40.7m | Reduced -4.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 345.3k $40.5m | Reduced -14.6k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 343.2k $40.3m | Reduced -83.1k |
| Clark Capital Management Group, Inc. 0.36% of their portfolio | 340.7k $40.0m | Added +123.1k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.59% of their portfolio | 339.0k $39.8m | Added +123.3k |