Mitsubishi Invests Heavily in Chevron Stock, Expanding Japanese Portfolio

Mitsubishi UFJ Asset Management Co. Ltd., a Japanese asset management firm, recently added Chevron Corporation to its portfolio. According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Mitsubishi purchased 4,890,968 shares of Chevron's stock during the second quarter, valued at approximately $810,727,000.

This new stake gives Mitsubishi a small but significant share in Chevron, representing about 0.25% of the company's total ownership. The purchase is part of a larger trend of institutional investors increasing their exposure to energy companies like Chevron.