Meridian Funds, managed by ArrowMark Partners, saw a 4.86% gain in their “Meridian Hedged Equity Fund” in the second quarter of 2025. The fund outperformed the S&P 500 Index’s 10.94% return and the CBOE S&P 500 Buy/Write Index’s 1.90% return. Check out their top 5 holdings for insights into their picks for 2025.

In the second quarter of 2025, Meridian Hedged Equity Fund highlighted Chevron Corporation (NYSE:CVX), an energy company with integrated operations. Chevron’s stock gained 7.66% over the last 52 weeks, closing at $158.20 per share on August 25, 2025, with a market cap of $318.745 billion.

Meridian Hedged Equity Fund mentioned Chevron Corporation (NYSE:CVX) in their investor letter, praising the company’s capital discipline and balance sheet strength. Chevron’s stock faced challenges due to reduced quarterly share repurchases amid declining commodity prices, signaling potential difficulties for oil companies.

Chevron Corporation (NYSE:CVX) is not among the 30 most popular stocks among hedge funds, with 76 portfolios holding it at the end of the second quarter. While Chevron has investment potential, some AI stocks offer greater upside with less downside risk. Explore undervalued AI stocks in our free report for potential opportunities.

Read more at Yahoo Finance: Here’s Why Chevron Corp. (CVX) Traded Down in Q2