SEC 13F Intelligence

Managers / Q4 2022 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.3B
Q4 2022
Positions
1,336
Filings on Record
28
2019–present window
Filed
Feb 7, 2023
original filing

Summary

Shell Asset Management Co reported $2.3B in U.S.-listed holdings across 1,336 positions for Q4 2022.

Its largest position, AAPL, represents 5.1% of the portfolio.

Compared with Q3 2022, the fund opened 47 new positions and exited 100.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+21.0%
share of reported value
Largest Position
+5.1%
Apple
New / Exited
47 / 100
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: 94.9%REIT: 2.5%Other: 0.9%ADR: 0.9%ETP: 0.8%Unit: 0.0%
  • Common Stock · 94.9% · $2.2B
  • REIT · 2.5% · $57M
  • Other · 0.9% · $21M
  • ADR · 0.9% · $20M
  • ETP · 0.8% · $18M
  • Unit · 0.0% · $346,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BNBROOKFIELD CORPNEW+103.9K103.9K+$3M$3M
HLTHILTON WORLDWIDE HLDGS INCNEW+17.0K17.0K+$2M$2M
AMPAMERIPRISE FINL INCNEW+3.2K3.2K+$1M$1M
BAMBROOKFIELD ASSET MANAGMT LTDNEW+26.2K26.2K+$748,000$748,000
KBRKBR INCNEW+9.4K9.4K+$498,000$498,000
CALYTOPGOLF CALLAWAY BRANDS CORPNEW+21.1K21.1K+$417,000$417,000
INFINERA CORPNEW+59.9K59.9K+$404,000$404,000
AJGGALLAGHER ARTHUR J & CONEW+2.1K2.1K+$404,000$404,000

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

Holdings — Q4 2022

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.07%$116M890.1K
2MSFTMICROSOFT CORPhistory →COM4.83%$110M460.0K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.15%$49M553.5K
4AMZNAMAZON COM INChistory →COM1.84%$42M500.8K
5VVISA INChistory →COM CL A1.38%$32M152.0K
6UNHUNITEDHEALTH GROUP INChistory →COM1.33%$30M57.3K
7MAMASTERCARD INCORPORATEDhistory →CL A1.27%$29M83.4K
8HDHOME DEPOT INChistory →COM1.07%$24M77.5K
9TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.06%$24M43.8K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.04%$24M77.2K
11ABTABBOTT LABShistory →COM1.02%$23M212.4K
12NVDANVIDIA CORPORATIONhistory →COM0.94%$21M146.2K
13SCHWSCHWAB CHARLES CORPhistory →COM0.93%$21M254.6K
14COSTCOSTCO WHSL CORP NEWhistory →COM0.92%$21M46.2K
15DEDEERE & COhistory →COM0.90%$21M48.1K
16REGNREGENERON PHARMACEUTICALShistory →COM0.83%$19M26.3K
17CVXCHEVRON CORP NEWhistory →COM0.82%$19M104.2K
18JPMJPMORGAN CHASE & COhistory →COM0.81%$18M137.6K
19EXMOCEXXON MOBIL CORPhistory →COM0.81%$18M166.7K
20LLYLILLY ELI & COhistory →COM0.77%$18M47.8K
21KOCOCA COLA COhistory →COM0.76%$17M273.3K
22INTUINTUIThistory →COM0.71%$16M41.4K
23INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.70%$16M373.9K
24AMTAMERICAN TOWER CORP NEWhistory →COM0.68%$16M73.8K
25FISVFISERV INChistory →COM0.68%$15M153.1K
26SPGIS&P GLOBAL INChistory →COM0.68%$15M46.0K
27DHRDANAHER CORPORATIONhistory →COM0.67%$15M57.6K
28PEPPEPSICO INChistory →COM0.64%$15M81.3K
29INGRINGREDION INChistory →COM0.63%$14M146.3K
30ADMARCHER DANIELS MIDLAND COhistory →COM0.61%$14M148.8K
31PGPROCTER AND GAMBLE COhistory →COM0.60%$14M90.9K
32JNJJOHNSON & JOHNSONhistory →COM0.59%$13M76.4K
33ROPROPER TECHNOLOGIES INChistory →COM0.57%$13M29.9K
34SNEXSTONEX GROUP INChistory →COM0.56%$13M134.4K
35NOWSERVICENOW INChistory →COM0.53%$12M31.3K
36DGDOLLAR GEN CORP NEWhistory →COM0.53%$12M49.0K
37TSLATESLA INChistory →COM0.53%$12M97.9K
38NEENEXTERA ENERGY INChistory →COM0.52%$12M143.1K
39MCOMOODYS CORPhistory →COM0.49%$11M40.5K
40ISRGINTUITIVE SURGICAL INChistory →COM NEW0.49%$11M42.3K
41ABBVABBVIE INChistory →COM0.48%$11M68.5K
42METAMETA PLATFORMS INChistory →CL A0.48%$11M91.8K
43MRKMERCK & CO INChistory →COM0.47%$11M97.4K
44AVGOBROADCOM INChistory →COM0.46%$10M18.8K
45EOGEOG RES INChistory →COM0.46%$10M81.0K
46BMYBRISTOL-MYERS SQUIBB COhistory →COM0.46%$10M145.3K
47APDAIR PRODS & CHEMS INChistory →COM0.44%$10M32.9K
48AEMAGNICO EAGLE MINES LTDhistory →COM0.44%$10M194.8K
49CMGCHIPOTLE MEXICAN GRILL INCCOM0.43%$10M7.1K
50CSGPCOSTAR GROUP INCCOM0.42%$10M124.0K
51PFEPFIZER INCCOM0.40%$9M177.3K
52TDTORONTO DOMINION BK ONTCOM NEW0.39%$9M136.1K
53DARDARLING INGREDIENTS INCCOM0.38%$9M137.4K
54ADBEADOBE SYSTEMS INCORPORATEDCOM0.38%$9M25.5K
55ZTSZOETIS INCCL A0.37%$8M57.3K
56COPCONOCOPHILLIPSCOM0.37%$8M70.7K
57GILDGILEAD SCIENCES INCCOM0.36%$8M96.0K
58VZVERIZON COMMUNICATIONS INCCOM0.35%$8M204.5K
59LOWLOWES COS INCCOM0.34%$8M39.2K
60BACBANK AMERICA CORPCOM0.34%$8M235.4K
61AMGNAMGEN INCCOM0.33%$8M28.7K
62UNPUNION PAC CORPCOM0.33%$8M36.4K
63DISDISNEY WALT COCOM0.33%$7M85.9K
64ELVELEVANCE HEALTH INCCOM0.32%$7M14.1K
65BLACKROCK INCCOM0.31%$7M10.1K
66AMATAPPLIED MATLS INCCOM0.31%$7M72.3K
67HONHONEYWELL INTL INCCOM0.31%$7M32.7K
68FASTFASTENAL COCOM0.31%$7M147.2K
69SBUXSTARBUCKS CORPCOM0.28%$6M64.8K
70TDGTRANSDIGM GROUP INCCOM0.28%$6M10.2K
71PYPLPAYPAL HLDGS INCCOM0.28%$6M89.3K
72ADPAUTOMATIC DATA PROCESSING INCOM0.27%$6M26.0K
73TXNTEXAS INSTRS INCCOM0.27%$6M37.2K
74CVSCVS HEALTH CORPCOM0.27%$6M65.2K
75ACGLARCH CAP GROUP LTDORD0.26%$6M95.4K
76AMDADVANCED MICRO DEVICES INCCOM0.26%$6M92.3K
77PDDPINDUODUO INCSPONSORED ADS0.26%$6M72.6K
78SLABSILICON LABORATORIES INCCOM0.26%$6M43.5K
79SRESEMPRACOM0.26%$6M37.8K
80CSCOCISCO SYS INCCOM0.25%$6M121.7K
81CMCSACOMCAST CORP NEWCL A0.24%$6M159.8K
82NVRNVR INCCOM0.24%$5M1.2K
83AWKAMERICAN WTR WKS CO INC NEWCOM0.24%$5M35.8K
84RTXRAYTHEON TECHNOLOGIES CORPCOM0.24%$5M53.6K
85CNICANADIAN NATL RY COCOM0.24%$5M45.4K
86ENBENBRIDGE INCCOM0.24%$5M137.7K
87EWEDWARDS LIFESCIENCES CORPCOM0.23%$5M71.4K
88CTASCINTAS CORPCOM0.23%$5M11.8K
89VRTXVERTEX PHARMACEUTICALS INCCOM0.23%$5M18.3K
90TRVTRAVELERS COMPANIES INCCOM0.23%$5M27.8K
91HBANHUNTINGTON BANCSHARES INCCOM0.23%$5M365.1K
92AXPAMERICAN EXPRESS COCOM0.22%$5M34.7K
93WCNWASTE CONNECTIONS INCCOM0.22%$5M38.6K
94CICIGNA CORP NEWCOM0.22%$5M15.4K
95TROWPRICE T ROWE GROUP INCCOM0.22%$5M46.1K
96SLBSCHLUMBERGER LTDCOM STK0.22%$5M94.0K
97MASIMO CORPCOM0.22%$5M33.5K
98VSATVIASAT INCCOM0.21%$5M154.8K
99MKLMARKEL CORPCOM0.21%$5M3.7K
100PIONEER NAT RES COCOM0.21%$5M21.2K

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 ↗.