SEC 13F Intelligence

Managers / Q3 2022 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.6B
Q3 2022
Positions
1,389
Filings on Record
28
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Shell Asset Management Co reported $2.6B in U.S.-listed holdings across 1,389 positions for Q3 2022.

Its largest position, AAPL, represents 6.0% of the portfolio.

Compared with Q2 2022, the fund opened 22 new positions and exited 34.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+24.3%
share of reported value
Largest Position
+6.0%
Apple
New / Exited
22 / 34
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: 94.7%REIT: 2.5%Other: 1.2%ADR: 0.8%ETP: 0.8%Unit: 0.0%
  • Common Stock · 94.7% · $2.4B
  • REIT · 2.5% · $64M
  • Other · 1.2% · $31M
  • ADR · 0.8% · $21M
  • ETP · 0.8% · $20M
  • Unit · 0.0% · $305,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NLYANNALY CAPITAL MANAGEMENT INNEW+95.5K95.5K+$2M$2M
JJACOBS SOLUTIONS INCNEW+4.1K4.1K+$443,000$443,000
ADTNADTRAN HOLDINGS INCNEW+16.2K16.2K+$318,000$318,000
BEBLOOM ENERGY CORPNEW+15.4K15.4K+$308,000$308,000
ASLEAERSALE CORPORATIONNEW+12.0K12.0K+$222,000$222,000
HRHEALTHCARE RLTY TRNEW+9.7K9.7K+$202,000$202,000
EMBCEMBECTA CORPNEW+6.8K6.8K+$195,000$195,000
CVICVR ENERGY INCNEW+6.3K6.3K+$183,000$183,000

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

Holdings — Q3 2022

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.98%$153M1.11M
2MSFTMICROSOFT CORPhistory →COM5.18%$133M571.2K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.12%$80M834.2K
4AMZNAMAZON COM INChistory →COM2.82%$72M640.4K
5TSLATESLA INChistory →COM1.46%$37M141.1K
6UNHUNITEDHEALTH GROUP INChistory →COM1.38%$35M70.0K
7VVISA INChistory →COM CL A1.18%$30M170.9K
8TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.10%$28M55.8K
9MAMASTERCARD INCORPORATEDhistory →CL A1.04%$27M94.2K
10COSTCOSTCO WHSL CORP NEWhistory →COM1.01%$26M55.0K
11HDHOME DEPOT INChistory →COM1.01%$26M93.5K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.96%$25M92.0K
13SCHWSCHWAB CHARLES CORPhistory →COM0.84%$22M301.2K
14ABTABBOTT LABShistory →COM0.84%$22M223.5K
15REGNREGENERON PHARMACEUTICALShistory →COM0.82%$21M30.5K
16NVDANVIDIA CORPORATIONhistory →COM0.79%$20M166.7K
17INTUINTUIThistory →COM0.74%$19M48.8K
18LLYLILLY ELI & COhistory →COM0.72%$19M57.4K
19DGDOLLAR GEN CORP NEWhistory →COM0.72%$18M76.6K
20JNJJOHNSON & JOHNSONhistory →COM0.72%$18M112.4K
21SPGIS&P GLOBAL INChistory →COM0.69%$18M57.7K
22DEDEERE & COhistory →COM0.68%$18M52.5K
23KOCOCA COLA COhistory →COM0.68%$18M313.0K
24CVXCHEVRON CORP NEWhistory →COM0.68%$18M122.0K
25EXMOCEXXON MOBIL CORPhistory →COM0.68%$17M199.1K
26INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.67%$17M387.3K
27METAMETA PLATFORMS INChistory →CL A0.66%$17M124.2K
28AMTAMERICAN TOWER CORP NEWhistory →COM0.65%$17M77.5K
29PEPPEPSICO INChistory →COM0.62%$16M97.7K
30ADMARCHER DANIELS MIDLAND COhistory →COM0.62%$16M197.5K
31FISVFISERV INChistory →COM0.61%$16M166.0K
32DHRDANAHER CORPORATIONhistory →COM0.60%$15M59.6K
33INGRINGREDION INChistory →COM0.57%$15M182.4K
34SNEXSTONEX GROUP INChistory →COM0.56%$14M174.6K
35NOWSERVICENOW INChistory →COM0.55%$14M37.3K
36PGPROCTER AND GAMBLE COhistory →COM0.54%$14M109.2K
37CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.50%$13M8.5K
38ZTSZOETIS INChistory →CL A0.48%$12M82.6K
39ROPROPER TECHNOLOGIES INChistory →COM0.45%$12M32.4K
40ABBVABBVIE INChistory →COM0.44%$11M84.6K
41EOGEOG RES INChistory →COM0.43%$11M98.0K
42FRCBFIRST REP BK SAN FRANCISCO Chistory →COM0.42%$11M83.0K
43NEENEXTERA ENERGY INChistory →COM0.42%$11M136.4K
44TDTORONTO DOMINION BK ONThistory →COM NEW0.40%$10M167.1K
45MCOMOODYS CORPhistory →COM0.40%$10M42.0K
46AVGOBROADCOM INChistory →COM0.39%$10M22.7K
47MRKMERCK & CO INChistory →COM0.39%$10M116.7K
48BMYBRISTOL-MYERS SQUIBB COCOM0.39%$10M140.4K
49DISDISNEY WALT COCOM0.38%$10M104.3K
50JPMJPMORGAN CHASE & COCOM0.38%$10M93.4K
51AEMAGNICO EAGLE MINES LTDCOM0.38%$10M229.2K
52UNPUNION PAC CORPCOM0.37%$10M49.4K
53DARDARLING INGREDIENTS INCCOM0.37%$10M145.2K
54ISRGINTUITIVE SURGICAL INCCOM NEW0.37%$9M50.5K
55AMGNAMGEN INCCOM0.36%$9M41.2K
56PFEPFIZER INCCOM0.36%$9M210.6K
57PYPLPAYPAL HLDGS INCCOM0.36%$9M106.5K
58LOWLOWES COS INCCOM0.35%$9M48.1K
59VZVERIZON COMMUNICATIONS INCCOM0.35%$9M235.6K
60COPCONOCOPHILLIPSCOM0.34%$9M85.2K
61BACBK OF AMERICA CORPCOM0.34%$9M286.7K
62ADBEADOBE SYSTEMS INCORPORATEDCOM0.33%$9M31.0K
63CSGPCOSTAR GROUP INCCOM0.33%$8M120.8K
64BROOKFIELD RENEWABLE CORPCL A SUB VTG0.32%$8M249.9K
65ELVELEVANCE HEALTH INCCOM0.29%$7M16.2K
66ADPAUTOMATIC DATA PROCESSING INCOM0.29%$7M32.5K
67AMATAPPLIED MATLS INCCOM0.28%$7M87.2K
68FASTFASTENAL COCOM0.28%$7M154.2K
69AMDADVANCED MICRO DEVICES INCCOM0.27%$7M109.0K
70VRTXVERTEX PHARMACEUTICALS INCCOM0.27%$7M23.8K
71TXNTEXAS INSTRS INCCOM0.27%$7M44.4K
72BLACKROCK INCCOM0.26%$7M12.3K
73SBNYSIGNATURE BK NEW YORK N YCOM0.26%$7M43.8K
74SBUXSTARBUCKS CORPCOM0.26%$7M78.2K
75HONHONEYWELL INTL INCCOM0.26%$7M39.4K
76CVSCVS HEALTH CORPCOM0.25%$6M67.8K
77OXYOCCIDENTAL PETE CORPCOM0.25%$6M104.1K
78SLABSILICON LABORATORIES INCCOM0.25%$6M51.4K
79TRMBTRIMBLE INCCOM0.24%$6M115.2K
80WCNWASTE CONNECTIONS INCCOM0.24%$6M44.8K
81CRMSALESFORCE INCCOM0.23%$6M41.5K
82QCOMQUALCOMM INCCOM0.23%$6M52.6K
83CNICANADIAN NATL RY COCOM0.23%$6M54.4K
84CSCOCISCO SYS INCCOM0.23%$6M146.6K
85AXPAMERICAN EXPRESS COCOM0.23%$6M43.4K
86TROWPRICE T ROWE GROUP INCCOM0.22%$6M54.9K
87HBANHUNTINGTON BANCSHARES INCCOM0.22%$6M434.4K
88MASIMO CORPCOM0.22%$6M39.7K
89CMCSACOMCAST CORP NEWCL A0.22%$6M189.6K
90TUTELUS CORPORATIONCOM0.22%$6M278.4K
91VSATVIASAT INCCOM0.22%$6M182.9K
92USBUS BANCORP DELCOM NEW0.21%$5M136.1K
93CTASCINTAS CORPCOM0.21%$5M14.1K
94WMTWALMART INCCOM0.21%$5M42.2K
95AWKAMERICAN WTR WKS CO INC NEWCOM0.21%$5M41.6K
96EQXEQUINOX GOLD CORPCOM0.21%$5M1.46M
97TDGTRANSDIGM GROUP INCCOM0.21%$5M10.2K
98ACGLARCH CAP GROUP LTDORD0.21%$5M116.2K
99RTXRAYTHEON TECHNOLOGIES CORPCOM0.21%$5M64.6K
100CICIGNA CORP NEWCOM0.20%$5M18.9K

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 ↗.