In its latest SEC filing covering the third quarter, UMB Bank n.a. sold 10,635 shares of Chevron, trimming its position by 2.9%. The sale reduced the bank’s total holding to 353,887 shares, representing approximately 0.8% of its overall portfolio and ranking Chevron as its 28th largest position. As of the filing date, UMB Bank’s remaining stake in the company carried a reported value of $54,955,000, reflecting the fund’s ongoing rebalancing amid broader portfolio adjustments.

Several other large investors took differing approaches during the same period. Perigon Wealth Management LLC increased its Chevron position by 19.3%, adding 11,875 shares to reach 73,448 shares valued at $11,406,000. The New York State Teachers’ Retirement System boosted its stake by 15.3%, acquiring 215,345 shares and raising its total to 1,620,231 shares with a valuation of $251,606,000. Solitude Financial Services added 1,913 shares (up 8.2%) to hold 25,325 shares worth $3,626,000, while Shell Asset Management Co. purchased an additional 9,002 shares (a 21.4% increase), bringing its total to 51,115 shares valued at $7,319,000. Meanwhile, Pictet North America Advisors SA initiated a new Chevron position in the quarter, investing approximately $5,662,000. Collectively, hedge funds and institutional investors now own 72.42% of the company’s stock, underscoring the importance of these ownership shifts for market liquidity and voting dynamics.