CVX
The ownership breakdown for CVX tells an interesting story about who actually holds this name.
What's conspicuously absent is almost anyone from the growth or momentum camp, sitting at essentially 0.0%, and deep value at just 0.2%. At a P/E of 32.3, that's not entirely surprising — that multiple is elevated relative to where energy majors have historically traded, and it may be keeping the valuation-sensitive crowd on the sidelines. The near-total absence of activist interest (0.1%) suggests no one is currently rattling the cage for strategic changes, which cuts both ways depending on your view of management. The market regime score of 0.01 indicates an essentially neutral backdrop — neither strongly risk-on nor risk-off — which doesn't provide much directional signal on its own. The $397T market cap figure in the data appears to be a display error and should be disregarded; CVX trades in the hundreds of billions range, not the hundreds of trillions. It bears repeating that 13F institutional holdings data is filed quarterly and can be 45 to 90 days stale by the time it's visible — meaning the ownership picture here reflects past positioning, not current. Markets move faster than filings do, and none of this data predicts future price action.
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
§ 04 · FUNDAMENTALS · THE BOOKS
| P/E | 32.3 | P/S | — |
| EV/EBITDA | — | P/B | 1.65 |
| Revenue (TTM) | — | Rev YoY | — |
| Gross margin | — | Op margin | — |
| Net income | — | FCF | — |
| Cash | — | Debt | — |
| Dividend | 3.37% | Buybacks 1Y | — |
The ownership breakdown for CVX tells an interesting story about who actually holds this name. Passive index funds account for 22.4% of the behavioral ownership picture, which is about what you'd expect for a mega-cap energy major that sits in virtually every broad market index. More notable is the 10.2% held by quality compounder funds — managers who typically prioritize durable returns on capital and consistent free cash flow — suggesting institutional money with a longer time horizon has meaningful conviction here. Income and defensive-oriented holders add another 2.5%, which tracks for an integrated oil major with a long dividend history.
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| Vanguard Group | 164.3M | 0.4% | — |
| State Street | 152.3M | 0.8% | — |
| Berkshire Hathaway | 61.6M | 3.4% | — |
| BlackRock, Inc. | 56.3M | 0.1% | — |
| BlackRock, Inc. | 39.0M | 0.1% | — |
| Geode Capital Management | 37.9M | 0.4% | −0% |
Top institutional owners for CVX as of the most recent 13F window (Dec 2025). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
| Date | Insider | Role | Action | Shares | $ value |
|---|---|---|---|---|---|
| MAY 22 | HESS JOHN B | — | SELL | 278K | −$0 |
| MAY 08 | HESS JOHN B | — | SELL | 658K | −$0 |
| APR 01 | Pate R. Hewitt | — | SELL | 9K | −$0 |
0 insider buys, 3 sells in the last 180 days. Scheduled 10b5-1 sales are pre-programmed and neutral; discretionary clusters are the tape worth reading. Cross-reference with the signal stack above for context.