# Chevron (CVX.US)

Canonical: https://gigainvestors.com/s/CVX

Analysis as of: 2026-10-16T07:27:51.844Z. Financial observations: FY1996–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $219.32 per share; close as of 2026-10-15.

Estimated value: low $137.27 per share, central $155.89 per share, high $180.67 per share. Buy at or below the central value $155.89 per share. Valuation as of 2026-10-16T07:27:51.844Z; scenarios are not confidence intervals.

Expected annual return: 7.9% at the stated quote. About 7.9% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: fail

- 5 revenue declines in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 5

- Years with a net loss: 1

- Operating margin variation: 0.89×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.02×

- FY2018: 0.09×

- FY2019: 0.00×

- FY2020: -0.07×

- FY2021: 0.10×

- FY2022: 0.20×

- FY2023: 0.17×

- FY2024: 0.15×

- FY2025: 0.09×

- LTM to Jun 2026: 0.16×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- ROIC, median of available years: 5.5%

- ROIC, second-lowest year: -2.4%

- Typical minus recent gross margin: -1.1 pp

- Typical gross margin (annual median): 29.3%

- Recent gross margin (lower of latest and 3-year median): 30.4%

- Years with nonpositive capital: 0

- Capital spending / revenue: 9.0%

- ROIC including acquisitions, ten-year median: 8.9%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: -2.4%

- FY2017: 1.8%

- FY2018: 6.0%

- FY2019: 0.0%

- FY2020: -3.3%

- FY2021: 7.3%

- FY2022: 22.5%

- FY2023: 14.5%

- FY2024: 11.4%

- FY2025: 5.0%

### economics: pass

- Owner earnings / net income, 5-yr: 1.19×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $122B

- Net income, five-year total: $102B

- Return on incremental invested capital: >100%

- Working capital / revenue, annual change: -0.1 pp

- Working capital / revenue, change between three-year averages: -0.4 pp

- Working capital / revenue, final three-year average: 4.2%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.63×

- FY2022: 1.12×

- FY2023: 1.07×

- FY2024: 1.05×

- FY2025: 1.23×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 1.8% vs 11.4%

- Per-share earnings: 2.45 to 9.72 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -0.1%

- Ordinary dilution, 5-year annual growth: -0.2%

- Market cap gain: $62B

- Cumulative retained earnings: $32B

- Diluted shares, 10-year annual growth: -0.1%

- Diluted shares, 5-year annual growth: -0.2%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 18.8%

- Per-share value change: $7.27

- Per-share value, starting three-year median: $2.45

- Per-share value, ending three-year median: $9.72

- Buybacks concentrated in cheaper years (correlation): 0.27

- Average buyback yield: 2.5%

- Buyback history: 9 years

- Debt-funded buybacks: Yes

- Acquisition spending: $5.1B

- Cumulative net income, 10 years: $123B

- ROIC, first three-year median: 1.8%

- ROIC, last three-year median: 11.4%

Chart: Earnings per share; fiscal year observations.

- FY2016: -$0.27

- FY2017: $4.84

- FY2018: $7.75

- FY2019: $1.54

- FY2020: -$2.96

- FY2021: $8.14

- FY2022: $18.28

- FY2023: $11.37

- FY2024: $9.72

- FY2025: $6.63

### accounting: pass

- Sloan accruals: -6.7%

- Receivables to sales index (DSRI): 0.92×

- Restructuring years, last five: 2

- Stock compensation / operating cash flow: 0.0%

- Earnings backed by cash: Yes

- Operating cash / earnings: 2.76×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.02×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -5.1%

- FY2017: -4.4%

- FY2018: -6.2%

- FY2019: -10.3%

- FY2020: -6.7%

- FY2021: -5.7%

- FY2022: -5.5%

- FY2023: -5.4%

- FY2024: -5.4%

- FY2025: -6.7%

## Holders

- [John Rogers](https://gigainvestors.com/AI): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Warren Buffett](https://gigainvestors.com/BRK): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Graham Kahn](https://gigainvestors.com/KB): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Bloomstran](https://gigainvestors.com/SA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Harry Burn](https://gigainvestors.com/SSHFX): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Robert Torray](https://gigainvestors.com/T): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Arnold Van Den Berg](https://gigainvestors.com/VAN): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 5.2% a year for ten years · sales +13.2%

Story as of 2026-10-16T09:58:36.010Z; price observation 2026-10-15.

Price needs cash profits to grow 5.2% a year for ten years

- 2025-04-11: Chevron's Venezuelan oil cargoes stalled at sea after export cancellations ([finance.yahoo.com](https://finance.yahoo.com/news/chevrons-venezuelan-oil-cargoes-stalled-150350683.html))

- 2025-07-09: Chevron restructures operations to cut costs by up to $3 billion ([investing.com](https://www.investing.com/news/stock-market-news/chevron-restructures-operations-to-cut-costs-by-up-to-3-billion-93CH-4128757))

- 2025-08-01: Chevron Q2 Earnings Beat Estimates as Production Hits Record ([finance.yahoo.com](https://finance.yahoo.com/news/chevron-q2-earnings-beat-estimates-131900307.html))

- 2026-01-30: Chevron Beats Estimates as Production Jumps Over 20%, Dividend Raised 4% ([finance.yahoo.com](https://finance.yahoo.com/news/chevron-beats-estimates-production-jumps-174752599.html))

- 2026-03-07: Chevron Hess Deal Reshapes Growth Outlook As Geopolitics Lift Oil Prices ([finance.yahoo.com](https://finance.yahoo.com/news/chevron-hess-deal-reshapes-growth-091221466.html))

- 2026-07-31: Chevron Earnings and Oil’s 20% July Jump Are Great News for the Stock ([finance.yahoo.com](https://finance.yahoo.com/m/8c680b33-4468-355f-a3d9-95988c6dc6f0/chevron-earnings-and-oil%E2%80%99s.html))

### Sales · FY2025–2026

sales +13.2%; source https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm; observed 2026-02-24.

- FY2017: $135B 

- FY2018: $159B 

- FY2019: $140B 

- FY2020: $94B 

- FY2021: $156B 

- FY2022: $246B 

- FY2023: $197B 

- FY2024: $193B 

- FY2025: $184B 

- FY2026: $209B 

### Gross margin · FY2025

gross margin 30.4%; source https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm; observed 2026-02-24.

- FY2016: 28.5% 

- FY2017: 29.4% 

- FY2018: 28.3% 

- FY2019: 21.8% 

- FY2020: 24.2% 

- FY2021: 29.2% 

- FY2022: 30.0% 

- FY2023: 30.7% 

- FY2024: 29.4% 

- FY2025: 30.4% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in oil & gas integrated; annual sales are USD 184.4 billion.

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); FY2025: revenue 184432000000; grossProfit 56086000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CVX.US: Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company operates in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

### Why customers stay

Margins ranged from 29.4% to 30.7% during 2023–25; it earns 5.5% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2023: grossProfit / revenue = 30.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2024: grossProfit / revenue = 29.4%.

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); FY2025: grossProfit / revenue = 30.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); 10-year return on capital observations [[2016,-0.023998278734036645],[2017,0.017619160273525072],[2018,0.059910521125173526],[2019,0.00040379191670704585],[2020,-0.03304240423198814],[2021,0.07280353390522153],[2022,0.22486459967088518],[2023,0.14483460146400023],[2024,0.11428886498767342],[2025,0.05009683696722334]]; median 0.055003679046198434. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

Kept about a 30% gross margin through 2022 cost inflation.

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); Gross margin observations: [[2021,0.29196817603434316],[2022,0.30043207770901353],[2023,0.3066887407129037]]; range within 2 percentage points.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back USD 12.1 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2017: growth capex 0; upkeep 13404000000; owner earnings 13451000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2018: growth capex 0; upkeep 13800000000; owner earnings 19054000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2019: growth capex 0; upkeep 14100000000; owner earnings 6617000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2020: growth capex 0; upkeep 8900000000; owner earnings 3309000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2021: growth capex 0; upkeep 8100000000; owner earnings 25450000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2022: growth capex 0; upkeep 12000000000; owner earnings 39765000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2023: growth capex 0; upkeep 15829000000; owner earnings 22866000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); FY2024: growth capex 0; upkeep 16448000000; owner earnings 18495000000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); FY2025: growth capex 0; upkeep 17347000000; owner earnings 15084000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); Dividend observations: [[2016,8032000000],[2017,8132000000],[2018,8500000000],[2019,9000000000],[2020,9700000000],[2021,10200000000],[2022,11000000000],[2023,11336000000],[2024,11800000000],[2025,12751000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); FY2025: cash repurchases 12079000000 USD.

### Are managers owners

Insiders own 4.8% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CVX.US SharesStats.PercentInsiders = 4.768 percentage points; cache date 2026-10-16.

### What could break it

"Chevron is exposed to the effects of changing commodity prices" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm (filed 2026-02-24); Chevron is exposed to the effects of changing commodity prices

### What the price says

The price assumes cash profits grow 5.2% yearly over ten years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-24); Ten-year compound average after fade. Initial solved rate 0.06189294853092042. Price 219.32; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share -0.8378666666666666 → FY2025 8.127155172413794. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $104.75 per share

- 2016-11: $111.56 per share

- 2016-12: $117.70 per share

- 2017-01: $111.35 per share

- 2017-02: $112.50 per share

- 2017-03: $107.37 per share

- 2017-04: $106.70 per share

- 2017-05: $103.48 per share

- 2017-06: $104.33 per share

- 2017-07: $109.19 per share

- 2017-08: $107.62 per share

- 2017-09: $117.50 per share

- 2017-10: $115.89 per share

- 2017-11: $118.99 per share

- 2017-12: $125.19 per share

- 2018-01: $125.35 per share

- 2018-02: $111.92 per share

- 2018-03: $114.04 per share

- 2018-04: $125.11 per share

- 2018-05: $124.30 per share

- 2018-06: $126.43 per share

- 2018-07: $126.27 per share

- 2018-08: $118.46 per share

- 2018-09: $122.28 per share

- 2018-10: $111.65 per share

- 2018-11: $118.94 per share

- 2018-12: $108.79 per share

- 2019-01: $114.65 per share

- 2019-02: $119.58 per share

- 2019-03: $123.18 per share

- 2019-04: $120.06 per share

- 2019-05: $113.85 per share

- 2019-06: $124.44 per share

- 2019-07: $123.11 per share

- 2019-08: $117.72 per share

- 2019-09: $118.60 per share

- 2019-10: $116.14 per share

- 2019-11: $117.13 per share

- 2019-12: $120.51 per share

- 2020-01: $107.14 per share

- 2020-02: $93.34 per share

- 2020-03: $72.46 per share

- 2020-04: $92.00 per share

- 2020-05: $91.70 per share

- 2020-06: $89.23 per share

- 2020-07: $83.94 per share

- 2020-08: $83.93 per share

- 2020-09: $72.00 per share

- 2020-10: $69.50 per share

- 2020-11: $87.18 per share

- 2020-12: $84.45 per share

- 2021-01: $85.20 per share

- 2021-02: $100.00 per share

- 2021-03: $104.79 per share

- 2021-04: $103.07 per share

- 2021-05: $103.79 per share

- 2021-06: $104.74 per share

- 2021-07: $101.81 per share

- 2021-08: $96.77 per share

- 2021-09: $101.45 per share

- 2021-10: $114.49 per share

- 2021-11: $112.87 per share

- 2021-12: $117.35 per share

- 2022-01: $131.33 per share

- 2022-02: $144.00 per share

- 2022-03: $162.83 per share

- 2022-04: $156.67 per share

- 2022-05: $174.66 per share

- 2022-06: $144.78 per share

- 2022-07: $163.78 per share

- 2022-08: $158.06 per share

- 2022-09: $143.67 per share

- 2022-10: $180.90 per share

- 2022-11: $183.31 per share

- 2022-12: $179.49 per share

- 2023-01: $174.02 per share

- 2023-02: $160.77 per share

- 2023-03: $163.16 per share

- 2023-04: $168.58 per share

- 2023-05: $150.62 per share

- 2023-06: $157.35 per share

- 2023-07: $163.66 per share

- 2023-08: $161.10 per share

- 2023-09: $168.62 per share

- 2023-10: $145.73 per share

- 2023-11: $143.60 per share

- 2023-12: $149.16 per share

- 2024-01: $147.43 per share

- 2024-02: $152.01 per share

- 2024-03: $157.74 per share

- 2024-04: $161.27 per share

- 2024-05: $162.30 per share

- 2024-06: $156.42 per share

- 2024-07: $160.47 per share

- 2024-08: $147.95 per share

- 2024-09: $147.27 per share

- 2024-10: $148.82 per share

- 2024-11: $161.93 per share

- 2024-12: $144.84 per share

- 2025-01: $149.19 per share

- 2025-02: $158.62 per share

- 2025-03: $167.29 per share

- 2025-04: $136.06 per share

- 2025-05: $136.70 per share

- 2025-06: $143.19 per share

- 2025-07: $151.64 per share

- 2025-08: $160.60 per share

- 2025-09: $155.29 per share

- 2025-10: $157.72 per share

- 2025-11: $151.13 per share

- 2025-12: $152.41 per share

- 2026-01: $176.90 per share

- 2026-02: $186.76 per share

- 2026-03: $206.90 per share

- 2026-04: $193.31 per share

- 2026-05: $182.46 per share

- 2026-06: $165.76 per share

- 2026-07: $196.83 per share

- 2026-08: $206.14 per share

- 2026-09: $204.21 per share

- 2026-10: $217.73 per share

## Annual estimated value (USD per share)

- FY2018: low $10.54 per share, central $11.48 per share, high $12.73 per share

- FY2019: low $39.72 per share, central $44.99 per share, high $51.99 per share

- FY2020: low $28.12 per share, central $31.72 per share, high $36.52 per share

- FY2021: low $89.81 per share, central $102.01 per share, high $118.25 per share

- FY2022: low $176.33 per share, central $203.73 per share, high $235.78 per share

- FY2023: low $135.22 per share, central $153.55 per share, high $177.95 per share

- FY2024: low $136.71 per share, central $155.34 per share, high $180.14 per share

- FY2025: low $127.53 per share, central $144.92 per share, high $168.07 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:33:32.454Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm); period 2025-12-31, filed 2026-02-24.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [John Rogers](https://gigainvestors.com/AI): 34,626 CVX shares; USD 5,740,000 reported position value; 0.06% of portfolio; reduce; quarter 2026 Q2.
- [Warren Buffett](https://gigainvestors.com/BRK): 84,375,856 CVX shares; USD 13,986,142,000 reported position value; 4.67% of portfolio; hold; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 202,503 CVX shares; USD 33,567,000 reported position value; 0.02% of portfolio; reduce; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 2,470 CVX shares; USD 409,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 1,350 CVX shares; USD 224,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [Thomas Graham Kahn](https://gigainvestors.com/KB): 1,953 CVX shares; USD 324,000 reported position value; 0.05% of portfolio; hold; quarter 2026 Q2.
- [Andrew Adams](https://gigainvestors.com/MPF): 41,147 CVX shares; USD 6,821,000 reported position value; 0.06% of portfolio; add; quarter 2026 Q2.
- [Christopher Bloomstran](https://gigainvestors.com/SA): 6,063 CVX shares; USD 1,005,000 reported position value; 0.11% of portfolio; hold; quarter 2026 Q2.
- [Harry Burn](https://gigainvestors.com/SSHFX): 13,475 CVX shares; USD 2,234,000 reported position value; 0.07% of portfolio; add; quarter 2026 Q2.
- [Robert Torray](https://gigainvestors.com/T): 135,300 CVX shares; USD 22,427,000 reported position value; 3.33% of portfolio; add; quarter 2026 Q2.
- [Arnold Van Den Berg](https://gigainvestors.com/VAN): 4,592 CVX shares; USD 761,000 reported position value; 0.16% of portfolio; reduce; quarter 2026 Q2.

# CVX — Chevron Corp.

Held by 11 investors · USD 14,059,654,000 total · 2026 Q2 · reported price USD 165.76 (split-adjusted).
Page: https://gigainvestors.com/s/CVX

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Warren Buffett (https://gigainvestors.com/BRK) | USD 13,986,142,000 | 4.7% | hold |
| David Hoeft (https://gigainvestors.com/DAC) | USD 33,567,000 | <0.1% | reduce -1.27% |
| Robert Torray (https://gigainvestors.com/T) | USD 22,427,000 | 3.3% | add +0.16% |
| Andrew Adams (https://gigainvestors.com/MPF) | USD 6,821,000 | 0.1% | add +5.46% |
| John Rogers (https://gigainvestors.com/AI) | USD 5,740,000 | 0.1% | reduce -16.56% |
| Harry Burn (https://gigainvestors.com/SSHFX) | USD 2,234,000 | 0.1% | add +36.73% |
| Steven Romick (https://gigainvestors.com/FPA) | USD 1,271,009 | 0.0% | sold |
| Christopher Bloomstran (https://gigainvestors.com/SA) | USD 1,005,000 | 0.1% | hold |
| Arnold Van Den Berg (https://gigainvestors.com/VAN) | USD 761,000 | 0.2% | reduce -10.22% |
| Thomas Russo (https://gigainvestors.com/GR) | USD 409,000 | 0.0% | hold |
| Thomas Graham Kahn (https://gigainvestors.com/KB) | USD 324,000 | 0.1% | hold |
| Steven Check (https://gigainvestors.com/CHE) | USD 279,005 | 0.0% | sold |
| Bill Nygren (https://gigainvestors.com/HA) | USD 224,000 | 0.0% | hold |

## Total held by quarter

- 2008 Q4: USD 2,462,868 · 1 holder · USD 73.96
- 2009 Q1: USD 2,060,906 · 1 holder · USD 67.24
- 2009 Q2: USD 2,026,853 · 1 holder · USD 66.25
- 2009 Q3: USD 3,870,255 · 1 holder · USD 70.44
- 2009 Q4: USD 4,278,257 · 1 holder · USD 76.99
- 2010 Q1: USD 4,934,182 · 1 holder · USD 75.83
- 2010 Q2: USD 4,470,772 · 1 holder · USD 67.85
- 2010 Q3: USD 5,406,746 · 1 holder · USD 81.04
- 2010 Q4: USD 6,191,261 · 1 holder · USD 91.26
- 2011 Q1: USD 7,338,987 · 1 holder · USD 107.49
- 2011 Q2: USD 7,011,220 · 1 holder · USD 102.84
- 2011 Q3: USD 5,986,220 · 1 holder · USD 92.60
- 2011 Q4: USD 6,859,714 · 1 holder · USD 106.40
- 2012 Q1: USD 8,724,898 · 2 holders · USD 107.21
- 2012 Q2: USD 8,453,209 · 2 holders · USD 105.52
- 2012 Q3: USD 7,416,795 · 2 holders · USD 116.58
- 2012 Q4: USD 6,364,881 · 2 holders · USD 108.13
- 2013 Q1: USD 6,964,775 · 2 holders · USD 118.84
- 2013 Q2: USD 8,690,851 · 2 holders · USD 118.35
- 2013 Q3: USD 8,815,706 · 2 holders · USD 121.50
- 2013 Q4: USD 8,974,305 · 2 holders · USD 124.91
- 2014 Q1: USD 7,240,888 · 2 holders · USD 118.91
- 2014 Q2: USD 7,070,827 · 2 holders · USD 130.56
- 2014 Q3: USD 6,421,015 · 2 holders · USD 119.32
- 2014 Q4: USD 5,679,013 · 2 holders · USD 112.22
- 2015 Q1: USD 5,068,899 · 2 holders · USD 105.04
- 2015 Q2: USD 4,521,120 · 2 holders · USD 96.56
- 2015 Q3: USD 3,659,899 · 2 holders · USD 78.97
- 2015 Q4: USD 4,170,174 · 2 holders · USD 90.02
- 2016 Q1: USD 4,365,851 · 2 holders · USD 95.39
- 2016 Q2: USD 4,517,037 · 2 holders · USD 104.88
- 2016 Q3: USD 4,105,001 · 2 holders · USD 102.92
- 2016 Q4: USD 3,947,923 · 2 holders · USD 117.76
- 2017 Q1: USD 3,368,101 · 2 holders · USD 107.41
- 2017 Q2: USD 3,120,078 · 2 holders · USD 104.35
- 2017 Q3: USD 3,326,084 · 2 holders · USD 117.59
- 2017 Q4: USD 2,663,003 · 2 holders · USD 125.25
- 2018 Q1: USD 1,984,019 · 2 holders · USD 114.10
- 2018 Q2: USD 2,033,030 · 2 holders · USD 126.44
- 2018 Q3: USD 1,810,988 · 2 holders · USD 122.29
- 2018 Q4: USD 1,611,040 · 2 holders · USD 108.79
- 2019 Q1: USD 1,743,993 · 2 holders · USD 123.19
- 2019 Q2: USD 1,722,012 · 2 holders · USD 124.41
- 2019 Q3: USD 1,591,996 · 2 holders · USD 118.60
- 2019 Q4: USD 40,728,725 · 3 holders · USD 120.49
- 2020 Q1: USD 38,191,379 · 4 holders · USD 72.50
- 2020 Q2: USD 14,976,449 · 3 holders · USD 89.22
- 2020 Q3: USD 3,199,779,288 · 4 holders · USD 72.00
- 2020 Q4: USD 4,109,916,547 · 4 holders · USD 84.45
- 2021 Q1: USD 2,498,210,687 · 5 holders · USD 104.84
- 2021 Q2: USD 2,439,575,634 · 5 holders · USD 104.70
- 2021 Q3: USD 2,928,994,895 · 5 holders · USD 101.45
- 2021 Q4: USD 4,507,674,524 · 5 holders · USD 117.35
- 2022 Q1: USD 25,946,179,025 · 5 holders · USD 162.83
- 2022 Q2: USD 23,420,519,700 · 5 holders · USD 144.78
- 2022 Q3: USD 23,803,999,283 · 5 holders · USD 143.77
- 2022 Q4: USD 29,310,966,414 · 5 holders · USD 179.51
- 2023 Q1: USD 21,656,725,626 · 5 holders · USD 163.16
- 2023 Q2: USD 19,374,716,871 · 4 holders · USD 157.38
- 2023 Q3: USD 18,595,586,413 · 5 holders · USD 168.62
- 2023 Q4: USD 18,809,858,514 · 4 holders · USD 149.22
- 2024 Q1: USD 19,450,944,056 · 10 holders · USD 157.74
- 2024 Q2: USD 18,607,078,004 · 11 holders · USD 156.42
- 2024 Q3: USD 17,506,446,093 · 9 holders · USD 147.27
- 2024 Q4: USD 17,217,475,659 · 9 holders · USD 144.86
- 2025 Q1: USD 19,885,857,047 · 10 holders · USD 167.29
- 2025 Q2: USD 17,533,650,165 · 10 holders · USD 143.19
- 2025 Q3: USD 19,023,176,320 · 11 holders · USD 155.29
- 2025 Q4: USD 19,903,968,150 · 11 holders · USD 152.41
- 2026 Q1: USD 17,551,504,903 · 13 holders · USD 206.88
- 2026 Q2: USD 14,059,654,000 · 11 holders · USD 165.76