SEC 13F Intelligence

Managers / Q2 2023 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.5B
Q2 2023
Positions
1,277
Filings on Record
27
2019–present window
Filed
Jul 28, 2023
original filing

Summary

Shell Asset Management Co reported $2.5B in U.S.-listed holdings across 1,277 positions for Q2 2023.

Its largest position, AAPL, represents 6.7% of the portfolio.

Compared with Q1 2023, the fund opened 76 new positions and exited 48.

Portfolio Metrics

Turnover
+10.6%
vs prior filed quarter
Top-10 Concentration
+27.9%
share of reported value
Largest Position
+6.7%
Apple
New / Exited
76 / 48
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
Q1 ’19: $4.5BQ1 ’19Q2 ’19: $4.5BQ3 ’19: $4.4BQ4 ’19: $4.6BQ1 ’20: $3.6BQ1 ’20Q2 ’20: $4.0BQ3 ’20: $4.3BQ4 ’20: $4.8BQ1 ’21: $5.0BQ1 ’21Q2 ’21: $5.2BQ3 ’21: $4.5BQ4 ’21: $4.9BQ1 ’22: $4.2BQ1 ’22Q2 ’22: $3.4BQ3 ’22: $2.6BQ4 ’22: $2.3BQ1 ’23: $2.4BQ1 ’23Q2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.2BQ1 ’24: $2.3BQ1 ’24Q2 ’24: $2.2BQ3 ’24: $2.3BQ4 ’24: $2.3BQ1 ’25: $2.1BQ1 ’25Q2 ’25: $2.9BQ3 ’25: $996Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.9%REIT: 2.4%ETP: 0.8%Other: 0.5%ADR: 0.4%
  • Common Stock · 95.9% · $2.4B
  • REIT · 2.4% · $62M
  • ETP · 0.8% · $20M
  • Other · 0.5% · $12M
  • ADR · 0.4% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UUNITY SOFTWARE INCNEW+160.7K160.7K+$7M$7M
CPCANADIAN PACIFIC KANSAS CITYNEW+69.5K69.5K+$6M$6M
RBARB GLOBAL INCNEW+79.6K79.6K+$5M$5M
TRITHOMSON REUTERS CORP.NEW+32.6K32.6K+$4M$4M
APGAPI GROUP CORPNEW+81.1K81.1K+$2M$2M
SNPSSYNOPSYS INCNEW+4.3K4.3K+$2M$2M
SDSANDRIDGE ENERGY INCNEW+77.2K77.2K+$1M$1M
IPGPIPG PHOTONICS CORPNEW+6.8K6.8K+$929,000$929,000

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

Holdings — Q2 2023

497 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.68%$169M873.7K
2MSFTMICROSOFT CORPhistory →COM6.37%$162M474.6K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.82%$71M593.4K
4AMZNAMAZON COM INChistory →COM2.74%$70M533.2K
5NVDANVIDIA CORPORATIONhistory →COM2.48%$63M148.8K
6UNHUNITEDHEALTH GROUP INChistory →COM1.81%$46M95.2K
7VVISA INChistory →COM CL A1.36%$34M145.2K
8TSLATESLA INChistory →COM1.35%$34M131.2K
9MAMASTERCARD INCORPORATEDhistory →CL A1.19%$30M76.7K
10METAMETA PLATFORMS INChistory →CL A1.11%$28M98.5K
11LLYLILLY ELI & COhistory →COM1.09%$28M58.8K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.00%$25M74.6K
13COSTCOSTCO WHSL CORP NEWhistory →COM0.98%$25M45.9K
14ABTABBOTT LABShistory →COM0.83%$21M193.6K
15HDHOME DEPOT INChistory →COM0.81%$20M65.8K
16FISVFISERV INChistory →COM0.77%$19M154.5K
17SPGIS&P GLOBAL INChistory →COM0.73%$18M46.0K
18MCOMOODYS CORPhistory →COM0.71%$18M51.8K
19INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.65%$17M358.1K
20PEPPEPSICO INChistory →COM0.64%$16M87.5K
21AVGOBROADCOM INChistory →COM0.63%$16M18.4K
22INGRINGREDION INChistory →COM0.60%$15M143.5K
23CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.58%$15M6.9K
24KOCOCA COLA COhistory →COM0.56%$14M235.0K
25ROPROPER TECHNOLOGIES INChistory →COM0.55%$14M29.2K
26TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.55%$14M26.7K
27REGNREGENERON PHARMACEUTICALShistory →COM0.54%$14M18.9K
28DEDEERE & COhistory →COM0.53%$13M32.9K
29ZTSZOETIS INChistory →CL A0.52%$13M76.6K
30EXMOCEXXON MOBIL CORPhistory →COM0.51%$13M121.5K
31BKNGBOOKING HOLDINGS INChistory →COM0.51%$13M4.8K
32JPMJPMORGAN CHASE & COhistory →COM0.51%$13M89.3K
33DARDARLING INGREDIENTS INChistory →COM0.51%$13M203.5K
34CDNSCADENCE DESIGN SYSTEM INChistory →COM0.51%$13M55.1K
35CVXCHEVRON CORP NEWhistory →COM0.50%$13M80.9K
36ADMARCHER DANIELS MIDLAND COhistory →COM0.49%$12M165.3K
37INTUINTUIThistory →COM0.49%$12M27.1K
38SNEXSTONEX GROUP INChistory →COM0.48%$12M147.8K
39PYPLPAYPAL HLDGS INChistory →COM0.48%$12M182.6K
40NOWSERVICENOW INChistory →COM0.47%$12M21.0K
41ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.44%$11M22.9K
42AMATAPPLIED MATLS INChistory →COM0.44%$11M77.5K
43ISRGINTUITIVE SURGICAL INChistory →COM NEW0.44%$11M32.6K
44AMTAMERICAN TOWER CORP NEWhistory →COM0.44%$11M57.3K
45PGPROCTER AND GAMBLE COhistory →COM0.43%$11M72.5K
46TDGTRANSDIGM GROUP INChistory →COM0.43%$11M12.1K
47DHRDANAHER CORPORATIONhistory →COM0.42%$11M44.3K
48AEMAGNICO EAGLE MINES LTDhistory →COM0.42%$11M212.5K
49AMDADVANCED MICRO DEVICES INChistory →COM0.39%$10M87.8K
50MRKMERCK & CO INCCOM0.38%$10M83.2K
51CSGPCOSTAR GROUP INCCOM0.38%$10M107.1K
52SLABSILICON LABORATORIES INCCOM0.35%$9M56.4K
53PANWPALO ALTO NETWORKS INCCOM0.34%$9M34.0K
54ACGLARCH CAP GROUP LTDORD0.34%$9M115.3K
55GILDGILEAD SCIENCES INCCOM0.33%$8M109.8K
56VZVERIZON COMMUNICATIONS INCCOM0.32%$8M215.0K
57FASTFASTENAL COCOM0.31%$8M133.3K
58LOWLOWES COS INCCOM0.31%$8M34.5K
59DISDISNEY WALT COCOM0.29%$7M82.8K
60SRESEMPRACOM0.29%$7M50.5K
61NVRNVR INCCOM0.29%$7M1.2K
62HONHONEYWELL INTL INCCOM0.28%$7M34.3K
63UUNITY SOFTWARE INCCOM0.28%$7M160.7K
64AWKAMERICAN WTR WKS CO INC NEWCOM0.27%$7M48.7K
65ABBVABBVIE INCCOM0.27%$7M50.9K
66EOGEOG RES INCCOM0.27%$7M59.4K
67VRTXVERTEX PHARMACEUTICALS INCCOM0.27%$7M19.2K
68ENBENBRIDGE INCCOM0.26%$7M179.8K
69VSATVIASAT INCCOM0.25%$6M152.8K
70BMYBRISTOL-MYERS SQUIBB COCOM0.25%$6M98.2K
71DXCMDEXCOM INCCOM0.24%$6M48.1K
72TXNTEXAS INSTRS INCCOM0.24%$6M34.2K
73NFLXNETFLIX INCCOM0.24%$6M13.8K
74EWEDWARDS LIFESCIENCES CORPCOM0.24%$6M64.3K
75CITHE CIGNA GROUPCOM0.24%$6M21.3K
76UNPUNION PAC CORPCOM0.23%$6M28.5K
77PFEPFIZER INCCOM0.23%$6M159.0K
78SBUXSTARBUCKS CORPCOM0.23%$6M58.7K
79TDTORONTO DOMINION BK ONTCOM NEW0.23%$6M93.2K
80MKLMARKEL GROUP INCCOM0.23%$6M4.2K
81CRMSALESFORCE INCCOM0.23%$6M27.3K
82BRBROADRIDGE FINL SOLUTIONS INCOM0.22%$6M34.3K
83AMGNAMGEN INCCOM0.22%$6M25.3K
84CPCANADIAN PACIFIC KANSAS CITYCOM0.22%$6M69.5K
85URIUNITED RENTALS INCCOM0.22%$6M12.6K
86SCHWSCHWAB CHARLES CORPCOM0.22%$6M98.1K
87CVSCVS HEALTH CORPCOM0.22%$6M80.4K
88CSCOCISCO SYS INCCOM0.22%$5M105.9K
89EXPDEXPEDITORS INTL WASH INCCOM0.21%$5M45.0K
90WCNWASTE CONNECTIONS INCCOM0.21%$5M38.0K
91CTASCINTAS CORPCOM0.21%$5M10.8K
92PPURE STORAGE INCCL A0.21%$5M144.5K
93PGRPROGRESSIVE CORPCOM0.21%$5M40.1K
94ELVELEVANCE HEALTH INCCOM0.21%$5M12.0K
95SEDGSOLAREDGE TECHNOLOGIES INCCOM0.21%$5M19.7K
96LAM RESEARCH CORPCOM0.21%$5M8.1K
97QCOMQUALCOMM INCCOM0.21%$5M43.7K
98MCDMCDONALDS CORPCOM0.20%$5M17.4K
99CMCSACOMCAST CORP NEWCL A0.20%$5M123.6K
100ORLYOREILLY AUTOMOTIVE INCCOM0.20%$5M5.3K

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 ↗

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 ↗.