SEC 13F Intelligence

Managers / Q3 2024 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.3B
Q3 2024
Positions
1,255
Filings on Record
27
2019–present window
Filed
Nov 7, 2024
original filing

Summary

Shell Asset Management Co reported $2.3B in U.S.-listed holdings across 1,255 positions for Q3 2024.

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

Compared with Q2 2024, the fund opened 34 new positions and exited 31.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+6.0%
Microsoft
New / Exited
34 / 31
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: 2.2%ETP: 1.1%ADR: 0.4%Other: 0.4%
  • Common Stock · 95.9% · $2.2B
  • REIT · 2.2% · $51M
  • ETP · 1.1% · $25M
  • ADR · 0.4% · $9M
  • Other · 0.4% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FERGFERGUSON ENTERPRISES INCNEW+24.8K24.8K+$5M$5M
KWTISHARES TRNEW+19.0K19.0K+$608,000$608,000
PHPARKER-HANNIFIN CORPNEW+878878+$555,000$555,000
ARESARES MANAGEMENT CORPORATIONNEW+3.5K3.5K+$548,000$548,000
WSOWATSCO INCNEW+1.1K1.1K+$541,000$541,000
LENLENNAR CORPNEW+2.9K2.9K+$536,000$536,000
UDRUDR INCNEW+8.3K8.3K+$378,000$378,000
GILGILDAN ACTIVEWEAR INCNEW+7.9K7.9K+$373,000$373,000

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

Holdings — Q3 2024

496 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.99%$136M316.3K
2AAPLAPPLE INChistory →COM5.90%$134M575.1K
3NVDANVIDIA CORPORATIONhistory →COM5.64%$128M1.06M
4AMZNAMAZON COM INChistory →COM3.61%$82M439.9K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.99%$68M407.0K
6METAMETA PLATFORMS INChistory →CL A2.39%$54M94.7K
7UNHUNITEDHEALTH GROUP INChistory →COM1.76%$40M68.5K
8LLYELI LILLY & COhistory →COM1.49%$34M38.1K
9COSTCOSTCO WHSL CORP NEWhistory →COM1.31%$30M33.5K
10AVGOBROADCOM INChistory →COM1.21%$28M159.8K
11VVISA INChistory →COM CL A1.18%$27M97.7K
12MAMASTERCARD INCORPORATEDhistory →CL A1.13%$26M51.9K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.11%$25M54.7K
14TSLATESLA INChistory →COM1.00%$23M87.0K
15INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA · MSCI KUWAIT ETF0.99%$23M386.0K
16MCOMOODYS CORPhistory →COM0.70%$16M33.5K
17ABTABBOTT LABShistory →COM0.66%$15M131.6K
18NOWSERVICENOW INChistory →COM0.65%$15M16.5K
19BKNGBOOKING HOLDINGS INChistory →COM0.64%$15M3.5K
20PGRPROGRESSIVE CORPhistory →COM0.63%$14M56.6K
21HDHOME DEPOT INChistory →COM0.63%$14M35.4K
22CDNSCADENCE DESIGN SYSTEM INChistory →COM0.62%$14M51.7K
23JPMJPMORGAN CHASE & CO.history →COM0.61%$14M66.0K
24CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.59%$13M231.3K
25FICOFAIR ISAAC CORPhistory →COM0.57%$13M6.6K
26SPGIS&P GLOBAL INChistory →COM0.57%$13M24.9K
27TDGTRANSDIGM GROUP INChistory →COM0.56%$13M9.0K
28SNEXSTONEX GROUP INChistory →COM0.56%$13M155.4K
29ISRGINTUITIVE SURGICAL INChistory →COM NEW0.54%$12M25.1K
30REGNREGENERON PHARMACEUTICALShistory →COM0.53%$12M11.6K
31INTUINTUIThistory →COM0.53%$12M19.6K
32NEMNEWMONT CORPhistory →COM0.52%$12M222.5K
33AEMAGNICO EAGLE MINES LTDhistory →COM0.49%$11M139.2K
34PEPPEPSICO INChistory →COM0.49%$11M65.6K
35CSLCARLISLE COS INChistory →COM0.49%$11M24.6K
36FISFIDELITY NATL INFORMATION SVhistory →COM0.47%$11M128.7K
37UBERUBER TECHNOLOGIES INChistory →COM0.47%$11M141.0K
38BROBROWN & BROWN INChistory →COM0.47%$11M102.0K
39TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.45%$10M16.6K
40FISVFISERV INChistory →COM0.45%$10M56.4K
41INGRINGREDION INCCOM0.43%$10M71.9K
42EXMOCEXXON MOBIL CORPCOM0.41%$9M80.1K
43AMATAPPLIED MATLS INCCOM0.40%$9M44.8K
44XYLXYLEM INCCOM0.38%$9M64.2K
45CPRTCOPART INCCOM0.38%$9M163.6K
46URIUNITED RENTALS INCCOM0.35%$8M9.9K
47ACGLARCH CAP GROUP LTDORD0.35%$8M70.4K
48NFLXNETFLIX INCCOM0.34%$8M10.9K
49CTASCINTAS CORPCOM0.33%$8M36.9K
50PAYOPAYONEER GLOBAL INCCOM0.33%$8M1.01M
51AMDADVANCED MICRO DEVICES INCCOM0.33%$7M45.7K
52CRMSALESFORCE INCCOM0.33%$7M27.2K
53ADBEADOBE INCCOM0.32%$7M14.2K
54FASTFASTENAL COCOM0.32%$7M102.3K
55BROOKFIELD RENEWABLE CORPCL A SUB VTG0.32%$7M221.9K
56MRKMERCK & CO INCCOM0.32%$7M63.7K
57ABBVABBVIE INCCOM0.32%$7M36.5K
58GILDGILEAD SCIENCES INCCOM0.32%$7M85.6K
59KLACKLA CORPCOM NEW0.31%$7M9.1K
60CLSCELESTICA INCCOM0.31%$7M136.1K
61PANWPALO ALTO NETWORKS INCCOM0.30%$7M20.0K
62VRTXVERTEX PHARMACEUTICALS INCCOM0.30%$7M14.6K
63CITHE CIGNA GROUPCOM0.30%$7M19.4K
64ROPROPER TECHNOLOGIES INCCOM0.29%$7M11.9K
65CVXCHEVRON CORP NEWCOM0.29%$7M44.3K
66CBOECBOE GLOBAL MKTS INCCOM0.28%$6M31.2K
67EQXEQUINOX GOLD CORPCOM0.28%$6M1.03M
68PYPLPAYPAL HLDGS INCCOM0.27%$6M79.3K
69DHRDANAHER CORPORATIONCOM0.27%$6M21.8K
70PGPROCTER AND GAMBLE COCOM0.25%$6M33.1K
71ELVELEVANCE HEALTH INCCOM0.25%$6M10.8K
72CBRECBRE GROUP INCCL A0.24%$5M44.2K
73EDCONSOLIDATED EDISON INCCOM0.24%$5M52.1K
74BBYBEST BUY INCCOM0.24%$5M52.3K
75ADPAUTOMATIC DATA PROCESSING INCOM0.24%$5M19.5K
76APHAMPHENOL CORP NEWCL A0.24%$5M82.5K
77CSGPCOSTAR GROUP INCCOM0.24%$5M71.0K
78PMPHILIP MORRIS INTL INCCOM0.23%$5M43.0K
79AXPAMERICAN EXPRESS COCOM0.23%$5M19.2K
80EIXEDISON INTLCOM0.23%$5M59.6K
81DARDARLING INGREDIENTS INCCOM0.23%$5M137.8K
82UNPUNION PAC CORPCOM0.22%$5M20.4K
83KRKROGER COCOM0.22%$5M87.6K
84DVNDEVON ENERGY CORP NEWCOM0.22%$5M127.9K
85LAM RESEARCH CORPCOM0.22%$5M6.1K
86FERGFERGUSON ENTERPRISES INCCOMMON STOCK NEW0.22%$5M24.8K
87IRMIRON MTN INC DELCOM0.21%$5M40.8K
88KOCOCA COLA COCOM0.21%$5M67.1K
89QCOMQUALCOMM INCCOM0.21%$5M28.0K
90FTNTFORTINET INCCOM0.21%$5M60.8K
91MELIMERCADOLIBRE INCCOM0.21%$5M2.3K
92NVRNVR INCCOM0.20%$5M473
93TRITHOMSON REUTERS CORP.COM0.20%$5M27.1K
94VZVERIZON COMMUNICATIONS INCCOM0.20%$5M102.1K
95AMTAMERICAN TOWER CORP NEWCOM0.20%$4M19.2K
96EOGEOG RES INCCOM0.20%$4M36.1K
97EXCEXELON CORPCOM0.20%$4M109.3K
98HCAHCA HEALTHCARE INCCOM0.19%$4M10.9K
99ORLYOREILLY AUTOMOTIVE INCCOM0.19%$4M3.8K
100CEGCONSTELLATION ENERGY CORPCOM0.19%$4M16.8K

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 ↗.