SEC 13F Intelligence

Managers / Q3 2023 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.4B
Q3 2023
Positions
1,256
Filings on Record
27
2019–present window
Filed
Nov 8, 2023
original filing

Summary

Shell Asset Management Co reported $2.4B in U.S.-listed holdings across 1,256 positions for Q3 2023.

Its largest position, MSFT, represents 6.1% of the portfolio.

Compared with Q2 2023, the fund opened 21 new positions and exited 42.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+28.8%
share of reported value
Largest Position
+6.1%
Microsoft
New / Exited
21 / 42
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: 96.1%REIT: 2.2%ETP: 0.8%Other: 0.5%ADR: 0.4%
  • Common Stock · 96.1% · $2.3B
  • REIT · 2.2% · $53M
  • ETP · 0.8% · $20M
  • Other · 0.5% · $11M
  • ADR · 0.4% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UECURANIUM ENERGY CORPNEW+190.2K190.2K+$980,000$980,000
SQMSOCIEDAD QUIMICA Y MINERA DENEW+14.4K14.4K+$857,000$857,000
DOOBRP INCNEW+8.6K8.6K+$651,000$651,000
EXREXTRA SPACE STORAGE INCNEW+5.1K5.1K+$624,000$624,000
URGUR-ENERGY INCNEW+327.0K327.0K+$504,000$504,000
MNSOMINISO GROUP HLDG LTDNEW+15.7K15.7K+$407,000$407,000
RXTRACKSPACE TECHNOLOGY INCNEW+109.4K109.4K+$257,000$257,000
RRCRANGE RES CORPNEW+7.3K7.3K+$236,000$236,000

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

Holdings — Q3 2023

497 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.14%$149M470.7K
2AAPLAPPLE INChistory →COM6.07%$147M858.2K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.24%$78M596.0K
4AMZNAMAZON COM INChistory →COM3.01%$73M572.3K
5NVDANVIDIA CORPORATIONhistory →COM2.69%$65M149.9K
6UNHUNITEDHEALTH GROUP INChistory →COM2.08%$50M100.1K
7METAMETA PLATFORMS INChistory →CL A1.57%$38M126.6K
8TSLATESLA INChistory →COM1.39%$34M134.6K
9VVISA INChistory →COM CL A1.32%$32M139.2K
10LLYELI LILLY & COhistory →COM1.28%$31M57.6K
11MAMASTERCARD INCORPORATEDhistory →CL A1.20%$29M73.5K
12COSTCOSTCO WHSL CORP NEWhistory →COM1.07%$26M45.8K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.89%$22M61.6K
14HDHOME DEPOT INChistory →COM0.82%$20M65.3K
15ABTABBOTT LABShistory →COM0.77%$19M192.1K
16INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.70%$17M361.5K
17AVGOBROADCOM INChistory →COM0.66%$16M19.4K
18ADBEADOBE INChistory →COM0.64%$15M30.3K
19PEPPEPSICO INChistory →COM0.62%$15M87.9K
20BKNGBOOKING HOLDINGS INChistory →COM0.61%$15M4.8K
21REGNREGENERON PHARMACEUTICALShistory →COM0.60%$15M17.6K
22SNEXSTONEX GROUP INChistory →COM0.59%$14M146.8K
23ROPROPER TECHNOLOGIES INChistory →COM0.59%$14M29.3K
24INGRINGREDION INChistory →COM0.58%$14M142.5K
25INTUINTUIThistory →COM0.57%$14M26.9K
26CDNSCADENCE DESIGN SYSTEM INChistory →COM0.56%$14M58.3K
27DEDEERE & COhistory →COM0.55%$13M35.5K
28ZTSZOETIS INChistory →CL A0.55%$13M76.8K
29ADMARCHER DANIELS MIDLAND COhistory →COM0.53%$13M171.2K
30ISRGINTUITIVE SURGICAL INChistory →COM NEW0.53%$13M44.0K
31MCOMOODYS CORPhistory →COM0.53%$13M40.6K
32CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.52%$13M6.9K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.51%$12M24.6K
34SPGIS&P GLOBAL INChistory →COM0.48%$12M32.1K
35NOWSERVICENOW INChistory →COM0.48%$12M20.9K
36JPMJPMORGAN CHASE & COhistory →COM0.47%$11M78.5K
37AMATAPPLIED MATLS INChistory →COM0.44%$11M76.4K
38DARDARLING INGREDIENTS INChistory →COM0.44%$11M202.2K
39PGPROCTER AND GAMBLE COhistory →COM0.43%$10M71.4K
40TDGTRANSDIGM GROUP INChistory →COM0.42%$10M12.2K
41EXMOCEXXON MOBIL CORPhistory →COM0.42%$10M86.4K
42CVXCHEVRON CORP NEWhistory →COM0.42%$10M59.6K
43FISVFISERV INCCOM0.40%$10M85.8K
44AEMAGNICO EAGLE MINES LTDCOM0.40%$10M211.4K
45FISFIDELITY NATL INFORMATION SVCOM0.39%$9M170.3K
46CSLCARLISLE COS INCCOM0.38%$9M35.5K
47ACGLARCH CAP GROUP LTDORD0.38%$9M114.2K
48DHRDANAHER CORPORATIONCOM0.37%$9M36.3K
49CRMSALESFORCE INCCOM0.37%$9M44.2K
50BROBROWN & BROWN INCCOM0.37%$9M127.5K
51AMDADVANCED MICRO DEVICES INCCOM0.37%$9M86.5K
52MSCIMSCI INCCOM0.36%$9M17.0K
53MRKMERCK & CO INCCOM0.35%$8M81.9K
54CSGPCOSTAR GROUP INCCOM0.34%$8M107.9K
55GILDGILEAD SCIENCES INCCOM0.34%$8M108.5K
56EOGEOG RES INCCOM0.31%$7M58.6K
57PYPLPAYPAL HLDGS INCCOM0.30%$7M125.5K
58ABBVABBVIE INCCOM0.30%$7M49.1K
59FASTFASTENAL COCOM0.30%$7M133.4K
60LOWLOWES COS INCCOM0.29%$7M33.7K
61VZVERIZON COMMUNICATIONS INCCOM0.29%$7M212.9K
62PANWPALO ALTO NETWORKS INCCOM0.28%$7M29.0K
63AMGNAMGEN INCCOM0.28%$7M24.9K
64UUNITY SOFTWARE INCCOM0.28%$7M212.9K
65DISDISNEY WALT COCOM0.27%$7M81.5K
66VRTXVERTEX PHARMACEUTICALS INCCOM0.27%$7M19.0K
67SLABSILICON LABORATORIES INCCOM0.27%$6M56.1K
68HONHONEYWELL INTL INCCOM0.26%$6M33.7K
69MKLMARKEL GROUP INCCOM0.25%$6M4.2K
70SRESEMPRACOM0.25%$6M90.6K
71BRBROADRIDGE FINL SOLUTIONS INCOM0.25%$6M33.7K
72AWKAMERICAN WTR WKS CO INC NEWCOM0.25%$6M48.1K
73LAM RESEARCH CORPCOM0.25%$6M9.5K
74CITHE CIGNA GROUPCOM0.25%$6M20.7K
75ENBENBRIDGE INCCOM0.24%$6M176.7K
76AMTAMERICAN TOWER CORP NEWCOM0.24%$6M35.2K
77KOCOCA COLA COCOM0.24%$6M102.6K
78UNPUNION PAC CORPCOM0.24%$6M28.0K
79BMYBRISTOL-MYERS SQUIBB COCOM0.23%$6M96.6K
80URIUNITED RENTALS INCCOM0.23%$6M12.5K
81TDTORONTO DOMINION BK ONTCOM NEW0.23%$6M91.6K
82PGRPROGRESSIVE CORPCOM0.23%$6M39.7K
83CSCOCISCO SYS INCCOM0.23%$6M102.4K
84CVSCVS HEALTH CORPCOM0.23%$5M78.2K
85CMCSACOMCAST CORP NEWCL A0.22%$5M121.9K
86TXNTEXAS INSTRS INCCOM0.22%$5M33.7K
87SCHWSCHWAB CHARLES CORPCOM0.22%$5M97.6K
88SBUXSTARBUCKS CORPCOM0.22%$5M57.9K
89NFLXNETFLIX INCCOM0.21%$5M13.7K
90ELVELEVANCE HEALTH INCCOM0.21%$5M11.8K
91CPCANADIAN PACIFIC KANSAS CITYCOM0.21%$5M68.7K
92EDCONSOLIDATED EDISON INCCOM0.21%$5M59.9K
93CTASCINTAS CORPCOM0.21%$5M10.6K
94PPURE STORAGE INCCL A0.21%$5M143.4K
95EXPDEXPEDITORS INTL WASH INCCOM0.21%$5M44.2K
96WCNWASTE CONNECTIONS INCCOM0.21%$5M37.7K
97ODFLOLD DOMINION FREIGHT LINE INCOM0.21%$5M12.3K
98CBOECBOE GLOBAL MKTS INCCOM0.20%$5M31.3K
99ORLYOREILLY AUTOMOTIVE INCCOM0.20%$5M5.3K
100EGEVEREST GROUP LTDCOM0.20%$5M12.9K

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 ↗

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 ↗.