Valero Energy Corporation

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,839 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• Shares outstanding (287,927,461) is sourced from SEC XBRL dei:EntityCommonStockSharesOutstanding for the Q2 FY2026 10-Q cover page (period ended 2026-06-30, filed 2026-07-30, shares measured as of 2026-07-24). Cross-checked against stockanalysis.com, which independently reports 287.93 million shares outstanding and a market cap of $98.38 billion at a $341.67 close on 2026-08-17: 287,927,461 x 341.67 implies approximately $98.38 billion, consistent with the published figure.
• Diamond Green Diesel Holdings LLC (DGD) is Valero's only named equity stake found in the FY2025 10-K and Q2 FY2026 10-Q. Valero holds a 50 percent joint venture interest but CONSOLIDATES DGD as the primary beneficiary of a variable interest entity (VIE), rather than using the equity method. This is stated explicitly in both filings. Because DGD is consolidated, its full assets, liabilities, revenue, and expenses sit on Valero's balance sheet with no separate 'equity investment in DGD' line, so no value_usd could be sourced for the holding; only the 50 percent ownership percentage is recorded.
• Direction trap checked and avoided: Valero's balance sheet carries a 'noncontrolling interests' line of $3,267 million (2026-06-30) and $2,880 million (2025-12-31), which is Darling Ingredients' (and other VIE co-owners') stake in Valero's own consolidated entities, principally DGD. This is money owed to somebody else's interest in a Valero-consolidated entity, not a Valero holding in DGD, and is correctly excluded from the holdings list.
• Aside from DGD, Valero's Q2 FY2026 10-Q and FY2025 10-K both disclose a single COMBINED balance for 'investments in nonconsolidated joint ventures accounted for under the equity method': $680 million at 2026-06-30 and $684 million at 2025-12-31 ($695 million at 2024-12-31), 'all of which related to the Refining segment.' Unlike ConocoPhillips's equivalent disclosure, Valero's filings name NO individual investee behind this balance anywhere found (Note 12, Variable Interest Entities; Note 1, Summary of Significant Accounting Policies; MD&A capital-investments tables were all searched). Because there is no name to attach it to, this combined balance is not recorded as a holdings row at all, per the brief's rule against sizing a combined balance to one investee; it is recorded here and in unknowns instead.
• Central Mexico Terminals, a group of three IEnova (Sempra Energy) subsidiary entities that Valero also consolidates as VIEs, was checked and deliberately excluded from holdings: the FY2025 10-K states explicitly 'we do not have an ownership interest in the entities that own each of the three terminals.' Valero consolidates them only because exclusive-use terminaling agreements are accounted for as finance leases that convey it power over their activities, not because Valero owns equity in them.
• Valero has a single class of common stock, par value $0.01, with no dual-class structure and no founder-control block. No director, nominee, or named executive officer individually exceeds 1 percent of the class per the 19 March 2026 DEF 14A.
• Vanguard reorganisation, handled per the brief. The Vanguard Group's CIK 0000102909 filed Form 13F-NT (notice only, no holdings table) for the quarters ended 2026-03-31 (filed 2026-05-08) and 2026-06-30 (filed 2026-08-13), consistent with the January 2026 reorganisation that split Vanguard's reporting across several filer entities. The register substitutes Vanguard's last available Form 13F-HR, for the quarter ended 2025-12-31 (filed 2026-01-29): 37,647,983 shares. Only this one Vanguard row is included; no other Vanguard-affiliated filer entity was added, to avoid double counting.
• Proxy 5-percent-holder table uses older Schedule 13G data, recorded here for reference only, not used in the register rows: Vanguard 38,880,432 shares (12.36 percent, 13G/A filed 2025-04-30 as of 2025-03-31), BlackRock 22,969,760 shares (7.30 percent, 13G/A filed 2025-04-24 as of 2025-03-31), State Street 22,758,725 shares (6.68 percent, 13G/A filed 2024-01-30 as of 2023-12-31). The register instead uses each manager's own more recent Form 13F-HR, consistent with the pattern documented in the Broadcom and ConocoPhillips exemplar files for the same three filers.
• JPMorgan Chase's 13F register row (2,199,990 shares) reflects only the CUSIP for Valero common stock (91913Y100). JPMorgan's Q2 FY2026 13F-HR also reports two Valero option positions (CUSIPs 91913Y900 and 91913Y950, $19.47 million combined notional), which are excluded from the register share count as derivative positions, not common share ownership.
• Percentages in the register are computed by this research against a stated shares-outstanding figure, not taken directly from any 13F filing (13F filings do not report ownership percentages). The 30 June 2026 13F rows use 287,927,461 shares outstanding as of 2026-07-24 (Q2 FY2026 10-Q cover). The Vanguard row uses 299,026,226 as of 2026-02-20 (FY2025 10-K cover), the closest available shares-outstanding measurement to Vanguard's 2025-12-31 13F date. The insider rows use 298,953,671 as of 2026-03-11, the proxy's own record-date share count.
• Self-gate check: the 8 institutional register rows (Vanguard, BlackRock, State Street, FMR, Morgan Stanley, Geode, Invesco, JPMorgan) sum to 110,553,269 shares, which is 38.4 percent of the 287,927,461 current shares outstanding. This falls within the 25 to 45 percent range the brief describes as typical.