See Which Of The Latest 13F Filers Holds Chevron

At Holdings Channel, we have reviewed the latest batch of the 56 most recent 13F filings for the 12/31/2021 reporting period, and noticed that Chevron Corporation (Symbol: CVX) was held by 34 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in CVX positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000’s)
Vista Wealth Management Group LLCExisting51+$41
MA Private WealthExisting476+$2
TimeScale Financial Inc.Existing+46+$26
Selway Asset ManagementExistingUNCH+$329
Howard Capital Management Group LLCNEW+1,735+$204
Defined Wealth Management LLCExisting+2+$68
Deane Retirement Strategies Inc.ExistingUNCH+$14
Symphony Financial Ltd. Co.Existing+2,001+$314
Redpoint Investment Management Pty LtdExistingUNCH+$607
Mountain Pacific Investment Advisers Inc. IDExisting150+$121
Icon Wealth Partners LLCExisting+39,876+$6,300
Oxinas Partners Wealth Management LLCExisting1,893$162
Compton Wealth Advisory Group LLCExisting+55+$200
Mayfair Advisory Group LLCExisting+578+$153
TruWealth Advisors LLCExisting+4,697+$3,265
Signature Wealth Management Partners LLCExisting100+$96
Guardian Investment ManagementExisting900+$257
Hummer Financial Advisory Services IncExisting535+$16
Wealth Management Partners LLCExisting842+$65
Cerro Pacific Wealth Advisors LLCExisting1,426+$30
Purus Wealth Management LLCExisting+72+$58
Veriti Management LLCExisting972+$382
Cantor Fitzgerald Investment Adviser L.P.Existing+1,176+$1,486
Summit X LLCExisting+381+$89
Welch & Forbes LLCExisting+13,885+$6,972
Bogart Wealth LLCExisting+2,403+$1,176
Johanson Financial Advisors Inc.NEW+3,201+$376
Alpha Cubed Investments LLCExisting+1,029+$231
Cypress Wealth Services LLCExisting190+$110
Joel Isaacson & Co. LLCExisting+5,549+$822
Emerald Advisors LLCExisting1,987$165
TI Trust Inc.NEW+13,979+$1,640
Hudson Value Partners LLCExistingUNCH+$280
Riverview Trust CoExistingUNCH+$5
Aggregate Change:+81,143+$25,408

In terms of shares owned, we count 14 of the above funds having increased existing CVX positions from 09/30/2021 to 12/31/2021, with 12 having decreased their positions and 3 new positions. Worth noting is that Cardinal Capital Management Inc., and Vancity Investment Management Ltd, included in this recent batch of 13F filers, exited CVX common stock as of 12/31/2021.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the CVX share count in the aggregate among all of the funds which held CVX at the 12/31/2021 reporting period (out of the 483 we looked at in total). We then compared that number to the sum total of CVX shares those same funds held back at the 09/30/2021 period, to see how the aggregate share count held by hedge funds has moved for CVX. We found that between these two periods, funds increased their holdings by 2,970 shares in the aggregate, from 13,769,806 up to 13,772,776 for a share count increase of approximately 0.02%. The overall top three funds holding CVX on 12/31/2021 were:

We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Chevron Corporation (Symbol: CVX).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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