SEC 13F Intelligence

Managers / Q4 2023 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.2B
Q4 2023
Positions
1,249
Filings on Record
27
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Shell Asset Management Co reported $2.2B in U.S.-listed holdings across 1,249 positions for Q4 2023.

Its largest position, MSFT, represents 6.4% of the portfolio.

Compared with Q3 2023, the fund opened 42 new positions and exited 49.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+29.0%
share of reported value
Largest Position
+6.4%
Microsoft
New / Exited
42 / 49
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: 95.8%REIT: 2.4%ETP: 1.0%ADR: 0.4%Other: 0.4%
  • Common Stock · 95.8% · $2.1B
  • REIT · 2.4% · $52M
  • ETP · 1.0% · $21M
  • ADR · 0.4% · $10M
  • Other · 0.4% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LYVLIVE NATION ENTERTAINMENT INNEW+12.7K12.7K+$1M$1M
IQVIQVIA HLDGS INCNEW+4.9K4.9K+$1M$1M
DSGXDESCARTES SYS GROUP INCNEW+10.9K10.9K+$918,000$918,000
VLTOVERALTO CORPNEW+9.7K9.7K+$799,000$799,000
ZBHZIMMER BIOMET HOLDINGS INCNEW+4.5K4.5K+$551,000$551,000
KARUNA THERAPEUTICS INCNEW+1.4K1.4K+$444,000$444,000
SAIASAIA INCNEW+937937+$411,000$411,000
PHMPULTE GROUP INCNEW+3.8K3.8K+$391,000$391,000

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

Holdings — Q4 2023

497 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.42%$139M369.8K
2AAPLAPPLE INChistory →COM6.00%$130M674.6K
3AMZNAMAZON COM INChistory →COM3.34%$72M476.6K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.07%$67M474.1K
5NVDANVIDIA CORPORATIONhistory →COM2.79%$61M122.2K
6UNHUNITEDHEALTH GROUP INChistory →COM1.95%$42M80.2K
7METAMETA PLATFORMS INChistory →CL A1.64%$35M100.0K
8VVISA INChistory →COM CL A1.34%$29M111.0K
9TSLATESLA INChistory →COM1.25%$27M109.2K
10LLYELI LILLY & COhistory →COM1.21%$26M45.1K
11COSTCOSTCO WHSL CORP NEWhistory →COM1.11%$24M36.5K
12MAMASTERCARD INCORPORATEDhistory →CL A1.10%$24M55.6K
13INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA0.87%$19M361.1K
14AVGOBROADCOM INChistory →COM0.84%$18M16.3K
15BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.79%$17M47.8K
16ABTABBOTT LABShistory →COM0.75%$16M148.2K
17ADBEADOBE INChistory →COM0.74%$16M26.8K
18HDHOME DEPOT INChistory →COM0.73%$16M45.5K
19CDNSCADENCE DESIGN SYSTEM INChistory →COM0.64%$14M50.9K
20BKNGBOOKING HOLDINGS INChistory →COM0.62%$14M3.8K
21INTUINTUIThistory →COM0.62%$13M21.3K
22SNEXSTONEX GROUP INChistory →COM0.60%$13M175.6K
23SPGIS&P GLOBAL INChistory →COM0.60%$13M29.3K
24NOWSERVICENOW INChistory →COM0.59%$13M18.1K
25MCOMOODYS CORPhistory →COM0.58%$13M32.2K
26REGNREGENERON PHARMACEUTICALShistory →COM0.58%$12M14.2K
27ROPROPER TECHNOLOGIES INChistory →COM0.58%$12M22.8K
28PEPPEPSICO INChistory →COM0.56%$12M71.2K
29CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.53%$12M5.0K
30JPMJPMORGAN CHASE & COhistory →COM0.49%$11M62.2K
31ISRGINTUITIVE SURGICAL INChistory →COM NEW0.48%$10M30.6K
32INGRINGREDION INChistory →COM0.47%$10M94.7K
33DEDEERE & COhistory →COM0.46%$10M25.1K
34CRMSALESFORCE INCCOM0.46%$10M37.7K
35AMATAPPLIED MATLS INCCOM0.45%$10M60.6K
36TDGTRANSDIGM GROUP INCCOM0.45%$10M9.6K
37AMDADVANCED MICRO DEVICES INCCOM0.44%$10M64.9K
38ZTSZOETIS INCCL A0.44%$10M48.5K
39AEMAGNICO EAGLE MINES LTDCOM0.42%$9M167.4K
40ADMARCHER DANIELS MIDLAND COCOM0.42%$9M126.4K
41FISVFISERV INCCOM0.42%$9M68.6K
42FISFIDELITY NATL INFORMATION SVCOM0.41%$9M149.0K
43TMOTHERMO FISHER SCIENTIFIC INCCOM0.40%$9M16.1K
44CSLCARLISLE COS INCCOM0.39%$9M27.3K
45FICOFAIR ISAAC CORPCOM0.37%$8M6.9K
46AMTAMERICAN TOWER CORP NEWCOM0.36%$8M35.8K
47DARDARLING INGREDIENTS INCCOM0.35%$8M154.0K
48XYLXYLEM INCCOM0.35%$8M67.1K
49BROBROWN & BROWN INCCOM0.35%$8M107.8K
50MSCIMSCI INCCOM0.35%$8M13.5K
51CSGPCOSTAR GROUP INCCOM0.34%$7M85.3K
52PGRPROGRESSIVE CORPCOM0.34%$7M46.4K
53GILDGILEAD SCIENCES INCCOM0.33%$7M88.5K
54MRKMERCK & CO INCCOM0.33%$7M65.3K
55CVXCHEVRON CORP NEWCOM0.33%$7M47.4K
56PANWPALO ALTO NETWORKS INCCOM0.32%$7M23.6K
57UUNITY SOFTWARE INCCOM0.32%$7M170.0K
58FASTFASTENAL COCOM0.32%$7M106.0K
59DHRDANAHER CORPORATIONCOM0.32%$7M29.5K
60ACGLARCH CAP GROUP LTDORD0.31%$7M90.8K
61EXMOCEXXON MOBIL CORPCOM0.31%$7M67.1K
62VZVERIZON COMMUNICATIONS INCCOM0.31%$7M175.5K
63VRTXVERTEX PHARMACEUTICALS INCCOM0.30%$7M16.2K
64CBOECBOE GLOBAL MKTS INCCOM0.29%$6M35.7K
65ABBVABBVIE INCCOM0.28%$6M39.6K
66PYPLPAYPAL HLDGS INCCOM0.28%$6M99.7K
67SLABSILICON LABORATORIES INCCOM0.27%$6M44.7K
68DISDISNEY WALT COCOM0.27%$6M64.9K
69NFLXNETFLIX INCCOM0.27%$6M11.9K
70UNPUNION PAC CORPCOM0.27%$6M23.6K
71AMGNAMGEN INCCOM0.26%$6M19.6K
72ENBENBRIDGE INCCOM0.26%$6M155.2K
73HONHONEYWELL INTL INCCOM0.26%$6M26.8K
74BROOKFIELD RENEWABLE CORPCL A SUB VTG0.26%$6M193.7K
75URIUNITED RENTALS INCCOM0.26%$6M9.7K
76SCHWSCHWAB CHARLES CORPCOM0.25%$5M79.2K
77BRBROADRIDGE FINL SOLUTIONS INCOM0.25%$5M26.5K
78CELESTICA INCSUB VTG SHS0.25%$5M185.4K
79DVNDEVON ENERGY CORP NEWCOM0.25%$5M118.5K
80LAM RESEARCH CORPCOM0.24%$5M6.6K
81CVSCVS HEALTH CORPCOM0.24%$5M64.8K
82KOCOCA COLA COCOM0.23%$5M86.2K
83CTASCINTAS CORPCOM0.23%$5M8.4K
84CITHE CIGNA GROUPCOM0.23%$5M16.8K
85PGPROCTER AND GAMBLE COCOM0.23%$5M34.2K
86EOGEOG RES INCCOM0.23%$5M40.7K
87TDTORONTO DOMINION BK ONTCOM NEW0.23%$5M75.4K
88PDDPDD HOLDINGS INCSPONSORED ADS0.22%$5M33.1K
89WCNWASTE CONNECTIONS INCCOM0.22%$5M32.1K
90TXNTEXAS INSTRS INCCOM0.22%$5M28.1K
91LOWLOWES COS INCCOM0.22%$5M21.1K
92SBUXSTARBUCKS CORPCOM0.22%$5M48.8K
93DXCMDEXCOM INCCOM0.21%$5M37.3K
94ELVELEVANCE HEALTH INCCOM0.21%$5M9.7K
95EXPDEXPEDITORS INTL WASH INCCOM0.21%$5M35.6K
96CPRTCOPART INCCOM0.21%$5M92.1K
97IBMINTERNATIONAL BUSINESS MACHSCOM0.21%$4M27.5K
98AWKAMERICAN WTR WKS CO INC NEWCOM0.21%$4M34.0K
99EDCONSOLIDATED EDISON INCCOM0.20%$4M48.7K
100TRVTRAVELERS COMPANIES INCCOM0.20%$4M23.2K

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 ↗

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 ↗.