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 ($156.9m this quarter). Holder counts are more reliable. Shares outstanding: 310.7m as of 2025-07-18, 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 ≈ $134.48. Options: 49 managers hold calls ($657.1m notional), 44 hold puts ($665.7m).
Trends to Q2 2025
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 |
| Q3 2023 | 1,379 |
| Q4 2023 | 1,452 |
| Q1 2024 | 1,525 |
| Q2 2024 | 1,477 |
| Q3 2024 | 1,453 |
| Q4 2024 | 1,478 |
| Q1 2025 | 1,472 |
| Q2 2025 | 1,482 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 605 | 643 |
| Q4 2023 | 624 | 654 |
| Q1 2024 | 713 | 661 |
| Q2 2024 | 648 | 692 |
| Q3 2024 | 664 | 673 |
| Q4 2024 | 580 | 713 |
| Q1 2025 | 656 | 666 |
| Q2 2025 | 669 | 665 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.6bn | $982.7m | 0.61 |
| Q4 2024 | $925.2m | $955.8m | 1.03 |
| Q1 2025 | $576.0m | $703.4m | 1.22 |
| Q2 2025 | $657.1m | $665.7m | 1.01 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +4.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.2m |
| BlackRock, Inc. | Added | +1.0m |
| NORGES BANK | Added | +966.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +847.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +796.1k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +556.4k |
| Point72 Asset Management, L.P. | New | +423.1k |
| Squarepoint Ops LLC | Added | +394.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +376.4k |
Biggest sellers
| AMERIPRISE FINANCIAL INC | Reduced | -1.4m |
| Nuveen, LLC | Reduced | -1.3m |
| STATE STREET CORP | Reduced | -835.7k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -785.5k |
| Invesco Ltd. | Reduced | -782.8k |
| BARCLAYS PLC | Reduced | -772.7k |
| Pacer Advisors, Inc. | Reduced | -770.7k |
| VANGUARD GROUP INC | Reduced | -542.1k |
| National Pension Service | Reduced | -521.6k |
| Sterling Capital Management LLC | Reduced | -485.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $145.1m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $79.5m591.8k shares |
| JANE STREET GROUP, LLC | Added | $47.0m349.3k shares |
| IMC-Chicago, LLC | Added | $45.5m338.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $42.6m316.7k shares |
| PEAK6 LLC | Added | $42.1m313.4k shares |
| WOLVERINE TRADING, LLC | Added | $36.1m268.2k shares |
| Walleye Trading LLC | Added | $29.4m218.4k shares |
| CITIGROUP INC | Added | $23.5m175.0k shares |
| SIMPLEX TRADING, LLC | Added | $21.9m163.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $109.6m815.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $100.9m750.9k shares |
| JANE STREET GROUP, LLC | Added | $95.3m709.3k shares |
| CITADEL ADVISORS LLC | Reduced | $74.2m551.8k shares |
| IMC-Chicago, LLC | Added | $34.6m257.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $27.5m2.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $24.7m183.6k shares |
| Walleye Trading LLC | Added | $20.9m155.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.1m119.8k shares |
| UBS Group AG | Reduced | $12.8m94.9k 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 2025
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 2023 | 0 | — | 1 | $10.3m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $113.9k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 38.3m $5.2bn | Reduced -542.1k |
| BlackRock, Inc. 0.07% of their portfolio | 27.3m $3.7bn | Added +1.0m |
| STATE STREET CORP 0.09% of their portfolio | 18.7m $2.5bn | Reduced -835.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio | 11.7m $1.6bn | Added +286.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.18% of their portfolio | 11.6m $1.6bn | Added +847.2k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 9.4m $1.3bn | Added +4.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 8.1m $1.1bn | Added +1.2m |
| MORGAN STANLEY 0.07% of their portfolio | 7.9m $1.1bn | Reduced -8.3k |
| NORGES BANK 0.10% of their portfolio | 6.2m $827.4m | Added +966.6k |
| AMERIPRISE FINANCIAL INC 0.20% of their portfolio | 6.1m $824.3m | Reduced -1.4m |
| FRANKLIN RESOURCES INC 0.18% of their portfolio | 5.0m $675.4m | Added +148.2k |
| FMR LLC 0.04% of their portfolio | 4.9m $653.2m | Added +265.9k |
| Invesco Ltd. 0.09% of their portfolio | 4.1m $554.1m | Reduced -782.8k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.0m $544.2m | Reduced -428.4k |
| BARCLAYS PLC 0.21% of their portfolio | 3.9m $528.8m | Reduced -772.7k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.5m $471.9m | Reduced -105.6k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 3.4m $460.2m | Reduced -785.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 3.1m $413.3m | Added +359.3k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 2.9m $390.7m | Reduced -27.5k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.8m $379.9m | Added +188.9k |
| Nuveen, LLC 0.10% of their portfolio | 2.7m $368.6m | Reduced -1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.5m $338.2m | Added +376.4k |
| Amundi 0.11% of their portfolio | 2.4m $331.4m | Added +77.1k |
| UBS Group AG 0.06% of their portfolio | 2.2m $301.5m | Added +285.3k |
| Pacer Advisors, Inc. 0.71% of their portfolio | 2.1m $281.9m | Reduced -770.7k |
| Legal & General Group Plc 0.06% of their portfolio | 1.9m $250.1m | Reduced -135.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 1.7m $229.0m | Added +66.0k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.48% of their portfolio | 1.7m $223.7m | Reduced -52.8k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.7m $222.8m | Reduced -347.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio | 1.6m $208.5m | Added +556.4k |
| Allianz Asset Management GmbH 0.26% of their portfolio | 1.5m $198.3m | Reduced -39.8k |
| Allspring Global Investments Holdings, LLC 0.33% of their portfolio | 1.4m $200.1m | Added +238.6k |
| 1832 Asset Management L.P. 0.34% of their portfolio | 1.4m $193.1m | Added +244.7k |
| LSV ASSET MANAGEMENT 0.43% of their portfolio | 1.4m $182.0m | Reduced -49.4k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 997.7k $134.1m | Reduced -415.5k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 985.0k $132.4m | Reduced -125.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.52% of their portfolio | 983.3k $132.2m | Added +796.1k |
| Swiss National Bank 0.08% of their portfolio | 952.9k $128.1m | Added +60.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 878.7k $118.1m | Reduced -45.1k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 821.9k $110.5m | Added +93.0k |
| CITIGROUP INC 0.08% of their portfolio | 812.2k $109.2m | Added +12.0k |
| HUNTINGTON NATIONAL BANK 0.71% of their portfolio | 802.3k $107.8m | Added +11.0k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 741.9k $99.7m | Reduced -362.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 725.5k $97.5m | Added +7.9k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 691.4k $93.0m | Reduced -166.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 683.2k $91.8m | Reduced -72.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 657.1k $88.3m | Reduced -37.6k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 632.7k $85.1m | Added +2.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 612.2k $82.3m | Added +51.7k |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 597.8k $80.4m | Reduced -29.2k |
| Empower Advisory Group, LLC 0.23% of their portfolio | 577.9k $77.7m | Added +33.2k |
| California Public Employees Retirement System 0.05% of their portfolio | 566.9k $76.2m | Added +17.5k |
| Merewether Investment Management, LP 2.06% of their portfolio | 531.4k $71.4m | Added +170.0k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 523.7k $70.4m | Added +324.2k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 518.8k $69.7m | Added +184.0k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 517.1k $69.5m | Added +168.1k |
| CINCINNATI FINANCIAL CORP 1.47% of their portfolio | 514.6k $69.2m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 506.4k $68.1m | Reduced -47.5k |
| LPL Financial LLC 0.02% of their portfolio | 481.8k $64.8m | Added +8.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 480.3k $64.6m | Reduced -24.1k |
| National Pension Service 0.06% of their portfolio | 474.0k $63.7m | Reduced -521.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.11% of their portfolio | 471.5k $63.4m | Reduced -10.7k |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 450.9k $60.6m | Added +197.3k |
| Brandywine Global Investment Management, LLC 0.42% of their portfolio | 438.4k $58.9m | Reduced -37.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.13% of their portfolio | 429.3k $57.7m | Reduced -23.4k |
| Squarepoint Ops LLC 0.13% of their portfolio | 428.7k $57.6m | Added +394.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.39% of their portfolio | 424.9k $57.1m | Added +14.4k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 423.1k $56.9m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 377.7k $50.8m | Added +753 |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 375.8k $50.5m | Reduced -12.6k |
| PRIVATE MANAGEMENT GROUP INC 1.63% of their portfolio | 372.5k $50.1m | Added +846 |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 372.3k $50.0m | Reduced -379.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 359.5k $48.3m | Reduced -13.6k |
| CINCINNATI INSURANCE CO 0.81% of their portfolio | 356.5k $47.9m | Unchanged |
| M&T Bank Corp 0.16% of their portfolio | 352.9k $47.4m | Reduced -3.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.23% of their portfolio | 347.9k $46.8m | Added +20.3k |
| AustralianSuper Pty Ltd 0.23% of their portfolio | 341.2k $45.9m | Reduced -78.7k |
| Mirae Asset Global Investments Co., Ltd. 0.16% of their portfolio | 334.0k $44.9m | Added +28.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.10% of their portfolio | 318.3k $42.8m | Added +23.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 301.2k $40.5m | Reduced -331.5k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 300.6k $40.4m | Added +20.6k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 298.8k $40.2m | Added +109.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 295.5k $39.7m | Added +3.2k |
| OLD REPUBLIC INTERNATIONAL CORP 1.50% of their portfolio | 284.5k $38.2m | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio | 281.8k $37.9m | Added +17.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 279.3k $37.5m | Reduced -142.9k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 269.0k $36.2m | Added +34.8k |
| CONNING INC. 1.23% of their portfolio | 265.3k $35.7m | Reduced -3.2k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 260.9k $35.1m | Reduced -61.5k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 260.0k $35.0m | Added +45.0k |
| AVIVA PLC 0.07% of their portfolio | 239.1k $32.1m | Added +15.0k |
| Korea Investment CORP 0.07% of their portfolio | 233.1k $31.3m | Reduced -58.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 231.9k $31.2m | Reduced -7.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 231.3k $31.1m | Reduced -21.1k |
| PANAGORA ASSET MANAGEMENT INC 0.14% of their portfolio | 228.0k $30.7m | Added +210.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 228.0k $30.6m | Reduced -187.7k |
| KLP KAPITALFORVALTNING AS 0.13% of their portfolio | 226.6k $30.5m | Added +700 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 226.5k $30.4m | Added +41.3k |
| Corient Private Wealth LP 0.04% of their portfolio | 224.4k $30.2m | Reduced -27.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 223.5k $30.0m | Reduced -339.3k |