SEC 13F Intelligence

Managers / Q2 2022 · view latest →

SHELL ASSET MANAGEMENT CO

CIK 0001211028 · P O BOX 575, THE HAGUE, 2501 CN · 31 70 3773899

Reported Value
$3.4B
Q2 2022
Positions
1,401
Filings on Record
28
2019–present window
Filed
Aug 9, 2022
original filing

Summary

Shell Asset Management Co reported $3.4B in U.S.-listed holdings across 1,401 positions for Q2 2022.

Its largest position, AAPL, represents 5.7% of the portfolio.

Compared with Q1 2022, the fund opened 75 new positions and exited 55.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+24.5%
share of reported value
Largest Position
+5.7%
Apple
New / Exited
75 / 55
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.0BQ4 ’18Q1 ’19: $4.5BQ2 ’19: $4.5BQ3 ’19: $4.4BQ4 ’19: $4.6BQ4 ’19Q1 ’20: $3.6BQ2 ’20: $4.0BQ3 ’20: $4.3BQ4 ’20: $4.8BQ4 ’20Q1 ’21: $5.0BQ2 ’21: $5.2BQ3 ’21: $4.5BQ4 ’21: $4.9BQ4 ’21Q1 ’22: $4.2BQ2 ’22: $3.4BQ3 ’22: $2.6BQ4 ’22: $2.3BQ4 ’22Q1 ’23: $2.4BQ2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.2BQ4 ’23Q1 ’24: $2.3BQ2 ’24: $2.2BQ3 ’24: $2.3BQ4 ’24: $2.3BQ4 ’24Q1 ’25: $2.1BQ2 ’25: $2.9BQ3 ’25: $996Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.4%REIT: 2.8%Other: 1.2%ADR: 0.9%ETP: 0.7%Unit: 0.0%
  • Common Stock · 94.4% · $3.2B
  • REIT · 2.8% · $94M
  • Other · 1.2% · $39M
  • ADR · 0.9% · $32M
  • ETP · 0.7% · $24M
  • Unit · 0.0% · $368,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLABSILICON LABORATORIES INCNEW+56.6K56.6K+$8M$8M
MKLMARKEL CORPNEW+5.6K5.6K+$7M$7M
WBDWARNER BROS DISCOVERY INCNEW+104.5K104.5K+$1M$1M
CEGCONSTELLATION ENERGY CORPNEW+18.3K18.3K+$1M$1M
BJBJS WHSL CLUB HLDGS INCNEW+10.9K10.9K+$678,000$678,000
OSISKO DEVELOPMENT CORPNEW+141.3K141.3K+$678,000$678,000
QDELQUIDELORTHO CORPNEW+6.5K6.5K+$628,000$628,000
CXTCRANE HLDGS CONEW+6.8K6.8K+$599,000$599,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2022

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.67%$192M1.40M
2MSFTMICROSOFT CORPhistory →COM5.66%$191M744.4K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.60%$122M55.7K
4AMZNAMAZON COM INChistory →COM2.58%$87M820.1K
5TSLATESLA INChistory →COM1.27%$43M64.0K
6VVISA INChistory →COM CL A1.26%$43M217.0K
7NVDANVIDIA CORPORATIONhistory →COM1.25%$42M278.1K
8UNHUNITEDHEALTH GROUP INChistory →COM1.11%$37M72.8K
9TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.08%$36M67.0K
10COSTCOSTCO WHSL CORP NEWhistory →COM0.99%$33M69.6K
11MAMASTERCARD INCORPORATEDhistory →CL A0.97%$33M103.7K
12HDHOME DEPOT INChistory →COM0.96%$33M118.9K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.92%$31M113.9K
14ABTABBOTT LABShistory →COM0.83%$28M257.9K
15METAMETA PLATFORMS INChistory →CL A0.77%$26M160.8K
16AMTAMERICAN TOWER CORP NEWhistory →COM0.75%$25M98.8K
17SPGIS&P GLOBAL INChistory →COM0.73%$25M73.6K
18SCHWSCHWAB CHARLES CORPhistory →COM0.72%$24M383.7K
19INTUINTUIThistory →COM0.71%$24M62.6K
20LLYLILLY ELI & COhistory →COM0.67%$23M69.9K
21NOWSERVICENOW INChistory →COM0.66%$22M47.0K
22CVXCHEVRON CORP NEWhistory →COM0.65%$22M152.2K
23EXMOCEXXON MOBIL CORPhistory →COM0.64%$22M252.3K
24JNJJOHNSON & JOHNSONhistory →COM0.64%$22M121.5K
25PEPPEPSICO INChistory →COM0.61%$21M123.9K
26SMINISHARES TRMSCI INDIA SM CP · MSCI INDIA ETF · MSCI SAUDI ARBIA0.61%$21M471.4K
27DEDEERE & COhistory →COM0.59%$20M66.8K
28ADMARCHER DANIELS MIDLAND COhistory →COM0.58%$20M253.4K
29PGPROCTER AND GAMBLE COhistory →COM0.58%$20M136.0K
30REGNREGENERON PHARMACEUTICALShistory →COM0.56%$19M32.2K
31KOCOCA COLA COhistory →COM0.55%$19M297.7K
32DHRDANAHER CORPORATIONhistory →COM0.55%$19M73.8K
33INGRINGREDION INChistory →COM0.55%$19M210.0K
34ZTSZOETIS INChistory →CL A0.54%$18M105.3K
35FISVFISERV INChistory →COM0.52%$18M198.1K
36SNEXSTONEX GROUP INChistory →COM0.52%$17M223.8K
37ABBVABBVIE INChistory →COM0.48%$16M106.1K
38ROPROPER TECHNOLOGIES INChistory →COM0.47%$16M40.6K
39FRCBFIRST REP BK SAN FRANCISCO Chistory →COM0.45%$15M105.8K
40COPCONOCOPHILLIPShistory →COM0.45%$15M168.3K
41VZVERIZON COMMUNICATIONS INChistory →COM0.44%$15M290.4K
42MCOMOODYS CORPhistory →COM0.43%$15M53.5K
43ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.42%$14M38.8K
44CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.42%$14M10.8K
45AVGOBROADCOM INChistory →COM0.41%$14M28.3K
46PFEPFIZER INChistory →COM0.41%$14M262.1K
47EOGEOG RES INChistory →COM0.40%$14M123.7K
48TDTORONTO DOMINION BK ONThistory →COM NEW0.40%$14M207.5K
49BMYBRISTOL-MYERS SQUIBB COhistory →COM0.40%$14M176.3K
50UNPUNION PAC CORPhistory →COM0.40%$13M62.7K
51JPMJPMORGAN CHASE & COhistory →COM0.39%$13M117.8K
52MRKMERCK & CO INChistory →COM0.39%$13M144.0K
53ISRGINTUITIVE SURGICAL INChistory →COM NEW0.38%$13M64.0K
54AMGNAMGEN INChistory →COM0.37%$13M51.9K
55DISDISNEY WALT COhistory →COM0.37%$12M130.9K
56AEMAGNICO EAGLE MINES LTDhistory →COM0.35%$12M257.6K
57BACBK OF AMERICA CORPhistory →COM0.34%$11M364.8K
58LOWLOWES COS INChistory →COM0.32%$11M61.8K
59AMDADVANCED MICRO DEVICES INChistory →COM0.31%$10M135.2K
60NKENIKE INChistory →CL B0.30%$10M98.9K
61AMATAPPLIED MATLS INChistory →COM0.30%$10M110.5K
62ELVELEVANCE HEALTH INCCOM0.30%$10M20.7K
63BKNGBOOKING HOLDINGS INCCOM0.30%$10M5.7K
64DARDARLING INGREDIENTS INCCOM0.29%$10M163.9K
65FASTFASTENAL COCOM0.29%$10M193.3K
66TRMBTRIMBLE INCCOM0.28%$10M163.6K
67BROOKFIELD RENEWABLE CORPCL A SUB VTG0.28%$9M266.9K
68PYPLPAYPAL HLDGS INCCOM0.28%$9M135.2K
69BLACKROCK INCCOM0.28%$9M15.5K
70CMCSACOMCAST CORP NEWCL A0.28%$9M238.4K
71DGDOLLAR GEN CORP NEWCOM0.26%$9M35.9K
72HONHONEYWELL INTL INCCOM0.26%$9M49.7K
73CRMSALESFORCE INCCOM0.25%$9M52.1K
74ADPAUTOMATIC DATA PROCESSING INCOM0.25%$8M40.4K
75QCOMQUALCOMM INCCOM0.25%$8M66.1K
76TXNTEXAS INSTRS INCCOM0.25%$8M54.3K
77EQXEQUINOX GOLD CORPCOM0.25%$8M1.88M
78VRTXVERTEX PHARMACEUTICALS INCCOM0.24%$8M29.2K
79OXYOCCIDENTAL PETE CORPCOM0.24%$8M137.5K
80SBNYSIGNATURE BK NEW YORK N YCOM0.24%$8M45.1K
81USBUS BANCORP DELCOM NEW0.24%$8M172.9K
82SLABSILICON LABORATORIES INCCOM0.23%$8M56.6K
83TROWPRICE T ROWE GROUP INCCOM0.23%$8M69.5K
84UPSUNITED PARCEL SERVICE INCCL B0.23%$8M42.6K
85RTXRAYTHEON TECHNOLOGIES CORPCOM0.23%$8M80.3K
86CNICANADIAN NATL RY COCOM0.23%$8M68.7K
87AXPAMERICAN EXPRESS COCOM0.23%$8M54.9K
88CSCOCISCO SYS INCCOM0.22%$8M177.9K
89TUTELUS CORPORATIONCOM0.22%$8M338.3K
90SBUXSTARBUCKS CORPCOM0.22%$7M97.9K
91AWKAMERICAN WTR WKS CO INC NEWCOM0.22%$7M49.6K
92MKLMARKEL CORPCOM0.22%$7M5.6K
93VSATVIASAT INCCOM0.21%$7M233.2K
94CSGPCOSTAR GROUP INCCOM0.21%$7M116.7K
95BROOKFIELD ASSET MGMT INCCL A LTD VT SH0.21%$7M158.3K
96PMPHILIP MORRIS INTL INCCOM0.21%$7M70.9K
97TDGTRANSDIGM GROUP INCCOM0.21%$7M13.0K
98MMM3M COCOM0.21%$7M53.7K
99INTCINTEL CORPCOM0.21%$7M185.5K
100CSXCSX CORPCOM0.20%$7M234.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$996M1,191Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.9B1,296Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.1B1,260May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.3B1,264Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.3B1,255Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.2B1,252Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.3B1,274May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.2B1,249Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.4B1,256Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B1,277Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.4B1,249May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.3B1,336Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.6B1,389Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.4B1,401Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.2B1,381May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.9B1,395Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.5B1,376Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.2B1,511Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.0B1,447May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.8B1,438Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.3B1,416Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.0B1,405Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.6B1,238May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.6B1,241Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$4.4B1,249Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.5B1,222Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.5B1,196May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.0B1,138Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.