Institutional investors adjust stakes in Chevron and Apollo Global Management

Institutional investors have made notable adjustments to their holdings in Chevron Corporation and Apollo Global Management Inc., according to recent SEC filings.

Summit Asset Management LLC established a new position in Chevron Corporation during the second quarter, purchasing 5,425 shares valued at approximately $899,000. Other firms, including Cornerstone Advisory LLC, Compton Financial Group LLC, and Quantum Portfolio Management LLC, also reported increased stakes in the energy company during earlier quarters.

S&CO Inc. acquired a new position in Apollo Global Management Inc. during the second quarter, purchasing 62,880 shares valued at roughly $7.44 million. Other major institutional holders, such as Vanguard Group Inc. and Geode Capital Management LLC, have also recently adjusted their positions in the financial services provider.