Letters by company
Chevron CORP
11 letters discussing CVX. Everything written about it on this site is on its ticker page.
- The London Company Income Equity – 3Q2026 vs Russell 1000 Market Update Income Equity lagged the Russell 1000 as higher rates hurt yield-oriented holdings and AI-infrastructure positions sold off. It added Alphabet convertible preferreds, trimmed Cisco, exited Crown Castle, and argues that quality balance sheets, durable dividends and reasonable valuations should provide resilience amid concentrated AI leadership. 3Q2026 BLK $189BCCI $38BCMI $64B
- The London Company Income Equity – 3Q2026 vs Russell 1000 Value Market Update Income Equity attributed its relative shortfall to index reconstitution effects, renewed mega-cap technology exposure in the value benchmark, and weakness in AI-adjacent industrial technology. The portfolio initiated Alphabet convertible preferreds, trimmed Cisco Systems, and exited Crown Castle while emphasizing quality, conservative leverage, durable dividends, and reasonable valuations. 3Q2026 BLK $189BCCI $38BCMI $64B
- Auxier Asset Management Auxier Report: Fall 2026 Auxier Focus Fund tightened its emphasis on downside protection as debt-financed AI infrastructure spending, leverage and rising rates raised the risk of forced liquidations. The fund favored durable, founder-led businesses with free-cash-flow yields and strong balance sheets, while retaining short-term Treasuries until discounted opportunities emerge. Third Quarter 2026 META $1.6T0KFZ AMZN $2.9T
- The London Company Market Observations & Portfolio Commentary Large Cap – 3Q2026 vs. Russell 1000 Value The London Company attributes relative weakness to Russell 1000 Value reconstitution changes and renewed mega-cap technology exposure, while maintaining its bottom-up process. It added to NewMarket and argues that balance-sheet strength, durable dividends, conservative leverage and reasonable valuations offer ballast amid concentrated AI-led market leadership. 3Q2026 BLK $189BCVX $416BENTG $24B
- Meridian Hedged Equity Fund Meridian Hedged Equity Fund June 30, 2026 Update Meridian Hedged Equity Fund retained a mix of unhedged holdings and covered-call positions, with roughly 37% unhedged for long-term growth. MGM Resorts, GlobalFoundries and ACV Auctions supported relative results, while Intercontinental Exchange, Aurora Innovation and Chevron detracted amid concerns over competition, execution and capital demands. second quarter 2026 ACVA $1.8BAUR $9.3BCVX $416B
- Horizon Kinetics 3rd Quarter Commentary Texas Pacific Land is framed as a land, water and mineral-rights owner whose Delaware Basin acreage could benefit from AI data-center construction despite tighter Texas permitting. Horizon Kinetics argues that bitcoin, natural gas and scarce hard-asset businesses remain poorly understood because investors overreact to short-term price moves and index constraints. 3rd Quarter 2026 TPL $19BLB $5.6BLNG $62B
- Diamond Hill — Large Cap Fund Large Cap Fund Quarterly Snapshot The new management team added nine positions centered on AI beneficiaries with dominant core businesses, while cutting consumer staples and other holdings with uninspiring fundamentals. New investments included Taiwan Semiconductor Manufacturing, JPMorgan Chase, Chevron, Alphabet, Meta Platforms, Stryker, Gartner, Transocean and Ameren; insurance exposure was reduced in favor of banks and natural-gas exposure shifted toward oil. 3Q26 CARR $45BCRM $179BMETA $1.6T
- Davenport Asset Management Quarterly Update Davenport emphasizes narrow equity leadership, rising Treasury yields and oil-driven inflation as pressure on cyclical, consumer and rate-sensitive holdings. The funds added selectively to businesses including ServiceNow, Danaher, Emerson Electric, Brookfield Renewable, MasTec, Fortuna Mining, AECOM and Jacobs, while trimming or exiting positions where valuations, housing exposure or insider signals weakened. Q3 2026 ACM $9BACN $150BAMT $88B
- Davenport Asset Management The Davenport Funds Quarterly Update Davenport warns that crowded AI infrastructure and semiconductor enthusiasm has displaced value-oriented shares, prompting a more risk-averse stance. Across its funds, the firm trimmed Marvell and UnitedHealth, added Constellation and Berkshire, initiated Stryker, Abbott, IFF and SoFi, and exited impaired Verra Mobility, Caesars and Casey’s. Q2 2026 ABT $189BACN $150BIFF $21B
- Stonehearth Capital Management Quarterly Market Commentary - Q1 2026 U.S. equities rotated from AI-related growth shares toward energy, cyclical and defensive value sectors as oil prices and the Iran conflict reshaped inflation and rate expectations. The commentary favors continued gold allocations, flags copper as a signal for global growth, and sees prolonged Middle East disruption as a risk to growth and inflation. Q1 2026 —
- Auxier Asset Management Auxier Report: Winter 2025 Auxier Focus Fund favored undervalued, cash-generative businesses as healthcare, banks, AI infrastructure suppliers and foreign holdings rebounded. The manager defended positions in UnitedHealth, housing, energy and selected software companies, while warning that AI capital spending, leverage and speculative valuations could produce sharp reversals. Fourth Quarter 2025 FISV $34B
