SEC 13F Intelligence

Managers / Q1 2023 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.4B
Q1 2023
Positions
1,249
Filings on Record
28
2019–present window
Filed
May 15, 2023
original filing

Summary

Shell Asset Management Co reported $2.4B in U.S.-listed holdings across 1,249 positions for Q1 2023.

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

Compared with Q4 2022, the fund opened 21 new positions and exited 108.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+24.3%
share of reported value
Largest Position
+6.0%
Apple
New / Exited
21 / 108
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: 95.1%REIT: 2.4%ADR: 0.9%Other: 0.9%ETP: 0.7%
  • Common Stock · 95.1% · $2.3B
  • REIT · 2.4% · $58M
  • ADR · 0.9% · $22M
  • Other · 0.9% · $21M
  • ETP · 0.7% · $18M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PPURE STORAGE INCNEW+301.0K301.0K+$8M$8M
KKRKKR & CO INCNEW+70.3K70.3K+$4M$4M
SOUTHWESTERN ENERGY CONEW+93.7K93.7K+$469,000$469,000
PATTERSON COS INCNEW+16.0K16.0K+$430,000$430,000
MXLMAXLINEAR INCNEW+12.2K12.2K+$428,000$428,000
AMNAMN HEALTHCARE SVCS INCNEW+4.9K4.9K+$405,000$405,000
HELEHELEN OF TROY LTDNEW+4.0K4.0K+$383,000$383,000
VSXYVICTORIAS SECRET AND CONEW+10.8K10.8K+$370,000$370,000

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

Holdings — Q1 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.03%$145M881.5K
2MSFTMICROSOFT CORPhistory →COM5.91%$143M494.4K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.58%$62M598.7K
4AMZNAMAZON COM INChistory →COM2.34%$56M545.3K
5NVDANVIDIA CORPORATIONhistory →COM1.68%$41M145.9K
6VVISA INChistory →COM CL A1.47%$35M157.1K
7MAMASTERCARD INCORPORATEDhistory →CL A1.26%$30M83.7K
8TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.05%$25M43.9K
9UNHUNITEDHEALTH GROUP INChistory →COM1.00%$24M50.8K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.99%$24M77.2K
11COSTCOSTCO WHSL CORP NEWhistory →COM0.95%$23M46.2K
12HDHOME DEPOT INChistory →COM0.95%$23M77.7K
13REGNREGENERON PHARMACEUTICALShistory →COM0.90%$22M26.5K
14TSLATESLA INChistory →COM0.89%$21M102.9K
15METAMETA PLATFORMS INChistory →CL A0.81%$19M91.8K
16ABTABBOTT LABShistory →COM0.80%$19M189.6K
17INTUINTUIThistory →COM0.77%$19M41.5K
18EXMOCEXXON MOBIL CORPhistory →COM0.76%$18M167.7K
19LLYLILLY ELI & COhistory →COM0.76%$18M53.3K
20FISVFISERV INChistory →COM0.72%$17M153.0K
21CVXCHEVRON CORP NEWhistory →COM0.71%$17M104.8K
22MCOMOODYS CORPhistory →COM0.69%$17M54.4K
23DEDEERE & COhistory →COM0.69%$17M40.2K
24SPGIS&P GLOBAL INChistory →COM0.68%$16M47.2K
25KOCOCA COLA COhistory →COM0.65%$16M254.2K
26AMTAMERICAN TOWER CORP NEWhistory →COM0.63%$15M74.1K
27PEPPEPSICO INChistory →COM0.62%$15M82.2K
28INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.62%$15M360.6K
29INGRINGREDION INChistory →COM0.62%$15M146.3K
30ZTSZOETIS INChistory →CL A0.60%$15M87.2K
31DHRDANAHER CORPORATIONhistory →COM0.60%$15M57.5K
32SNEXSTONEX GROUP INChistory →COM0.58%$14M134.4K
33PGPROCTER AND GAMBLE COhistory →COM0.56%$14M91.0K
34ROPROPER TECHNOLOGIES INChistory →COM0.55%$13M29.9K
35AVGOBROADCOM INChistory →COM0.52%$12M19.4K
36CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.50%$12M7.1K
37JPMJPMORGAN CHASE & COhistory →COM0.49%$12M91.0K
38ADMARCHER DANIELS MIDLAND COhistory →COM0.49%$12M148.8K
39AEMAGNICO EAGLE MINES LTDhistory →COM0.47%$11M221.4K
40NKENIKE INChistory →CL B0.45%$11M88.8K
41BKNGBOOKING HOLDINGS INChistory →COM0.45%$11M4.1K
42ABBVABBVIE INChistory →COM0.45%$11M68.0K
43DGDOLLAR GEN CORP NEWhistory →COM0.44%$11M50.3K
44CSGPCOSTAR GROUP INChistory →COM0.42%$10M147.3K
45MRKMERCK & CO INChistory →COM0.42%$10M94.2K
46ADBEADOBE SYSTEMS INCORPORATEDCOM0.41%$10M25.7K
47DARDARLING INGREDIENTS INCCOM0.41%$10M167.6K
48PYPLPAYPAL HLDGS INCCOM0.40%$10M126.7K
49BMYBRISTOL-MYERS SQUIBB COCOM0.40%$10M137.4K
50AMATAPPLIED MATLS INCCOM0.38%$9M75.5K
51DISDISNEY WALT COCOM0.38%$9M92.0K
52AMDADVANCED MICRO DEVICES INCCOM0.38%$9M92.8K
53TDGTRANSDIGM GROUP INCCOM0.37%$9M12.2K
54MSCIMSCI INCCOM0.34%$8M14.8K
55TDTORONTO DOMINION BK ONTCOM NEW0.34%$8M137.5K
56LOWLOWES COS INCCOM0.33%$8M40.1K
57GILDGILEAD SCIENCES INCCOM0.33%$8M96.2K
58FASTFASTENAL COCOM0.33%$8M147.3K
59PPURE STORAGE INCCL A0.32%$8M301.0K
60SLABSILICON LABORATORIES INCCOM0.32%$8M43.5K
61EOGEOG RES INCCOM0.31%$7M64.7K
62PFEPFIZER INCCOM0.30%$7M179.5K
63SRESEMPRACOM0.30%$7M48.2K
64AMGNAMGEN INCCOM0.29%$7M28.5K
65VZVERIZON COMMUNICATIONS INCCOM0.28%$7M176.5K
66BLACKROCK INCCOM0.28%$7M10.2K
67ISRGINTUITIVE SURGICAL INCCOM NEW0.28%$7M26.7K
68SBUXSTARBUCKS CORPCOM0.28%$7M65.2K
69HONHONEYWELL INTL INCCOM0.28%$7M34.9K
70NVRNVR INCCOM0.27%$7M1.2K
71TXNTEXAS INSTRS INCCOM0.27%$7M35.1K
72ELVELEVANCE HEALTH INCCOM0.27%$6M14.1K
73UNPUNION PAC CORPCOM0.27%$6M32.2K
74CSCOCISCO SYS INCCOM0.26%$6M121.5K
75PGRPROGRESSIVE CORPCOM0.26%$6M43.3K
76MASIMO CORPCOM0.26%$6M33.5K
77CRMSALESFORCE INCCOM0.26%$6M30.8K
78CMCSACOMCAST CORP NEWCL A0.25%$6M159.5K
79EWEDWARDS LIFESCIENCES CORPCOM0.25%$6M72.7K
80ADPAUTOMATIC DATA PROCESSING INCOM0.25%$6M26.9K
81ACGLARCH CAP GROUP LTDORD0.25%$6M87.8K
82AXPAMERICAN EXPRESS COCOM0.25%$6M36.0K
83TAT&T INCCOM0.24%$6M306.4K
84BACBANK AMERICA CORPCOM0.24%$6M206.0K
85NOWSERVICENOW INCCOM0.24%$6M12.5K
86VRTXVERTEX PHARMACEUTICALS INCCOM0.24%$6M18.3K
87QCOMQUALCOMM INCCOM0.23%$6M43.8K
88PDDPDD HOLDINGS INCSPONSORED ADS0.23%$6M73.3K
89CTASCINTAS CORPCOM0.23%$6M11.9K
90EXPDEXPEDITORS INTL WASH INCCOM0.23%$5M49.9K
91AWKAMERICAN WTR WKS CO INC NEWCOM0.23%$5M37.3K
92SCHWSCHWAB CHARLES CORPCOM0.23%$5M104.0K
93WCNWASTE CONNECTIONS INCCOM0.22%$5M38.9K
94RTXRAYTHEON TECHNOLOGIES CORPCOM0.22%$5M54.1K
95VSATVIASAT INCCOM0.22%$5M154.8K
96THOMSON REUTERS CORP.COM NEW0.22%$5M38.9K
97ENBENBRIDGE INCCOM0.22%$5M136.5K
98UPSUNITED PARCEL SERVICE INCCL B0.21%$5M26.0K
99PLDPROLOGIS INC.COM0.21%$5M39.8K
100NEENEXTERA ENERGY INCCOM0.21%$5M64.2K

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 ↗.