SEC 13F Intelligence

Managers / Q2 2025 · view latest →

SHELL ASSET MANAGEMENT CO

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

Reported Value
$2.9B
Q2 2025
Positions
1,296
Filings on Record
27
2019–present window
Filed
Jul 23, 2025
original filing

Summary

Shell Asset Management Co reported $2.9B in U.S.-listed holdings across 1,296 positions for Q2 2025.

Its largest position, NVDA, represents 6.8% of the portfolio.

Compared with Q1 2025, the fund opened 54 new positions and exited 21.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+33.8%
share of reported value
Largest Position
+6.8%
Nvidia Corporation
New / Exited
54 / 21
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: 96.6%REIT: 2.0%ETP: 0.9%ADR: 0.5%Other: 0.0%Other: 0.0%
  • Common Stock · 96.6% · $2.8B
  • REIT · 2.0% · $58M
  • ETP · 0.9% · $25M
  • ADR · 0.5% · $16M
  • Other · 0.0% · $900,000
  • Other · 0.0% · $448,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GMEDGLOBUS MED INCNEW+7.9K7.9K+$469,000$469,000
AIGAMERICAN INTL GROUP INCNEW+4.1K4.1K+$350,000$350,000
CRBGCOREBRIDGE FINL INCNEW+8.8K8.8K+$314,000$314,000
XPEVXPENG INCNEW+16.5K16.5K+$295,000$295,000
BSYBENTLEY SYS INCNEW+5.2K5.2K+$279,000$279,000
OROR ROYALTIES INC.NEW+9.0K9.0K+$230,000$230,000
STNESTONECO LTDNEW+13.7K13.7K+$220,000$220,000
RALRALLIANT CORPNEW+4.3K4.3K+$207,000$207,000

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

Holdings — Q2 2025

496 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM6.79%$197M1.25M
2MSFTMICROSOFT CORPhistory →COM6.00%$174M349.4K
3AAPLAPPLE INChistory →COM4.98%$144M703.5K
4AMZNAMAZON COM INChistory →COM3.98%$115M525.9K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.95%$85M482.1K
6METAMETA PLATFORMS INChistory →CL A2.87%$83M112.6K
7AVGOBROADCOM INChistory →COM2.12%$61M222.5K
8VVISA INChistory →COM CL A1.38%$40M112.5K
9TSLATESLA INChistory →COM1.38%$40M125.4K
10COSTCOSTCO WHSL CORP NEWhistory →COM1.33%$38M38.8K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.20%$35M71.5K
12LLYELI LILLY & COhistory →COM1.19%$34M44.2K
13MAMASTERCARD INCORPORATEDhistory →CL A1.16%$34M59.8K
14JPMJPMORGAN CHASE & CO.history →COM0.87%$25M87.0K
15INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA · MSCI KUWAIT ETF0.76%$22M399.9K
16UNHUNITEDHEALTH GROUP INChistory →COM0.72%$21M66.9K
17BKNGBOOKING HOLDINGS INChistory →COM0.70%$20M3.5K
18NOWSERVICENOW INChistory →COM0.68%$20M19.3K
19INTUINTUIThistory →COM0.67%$19M24.5K
20NFLXNETFLIX INChistory →COM0.65%$19M14.0K
21MCOMOODYS CORPhistory →COM0.64%$19M37.2K
22HDHOME DEPOT INChistory →COM0.61%$18M48.2K
23ISRGINTUITIVE SURGICAL INChistory →COM NEW0.61%$18M32.3K
24SPGIS&P GLOBAL INChistory →COM0.57%$16M31.1K
25CDNSCADENCE DESIGN SYSTEM INChistory →COM0.56%$16M52.8K
26PGRPROGRESSIVE CORPhistory →COM0.56%$16M60.9K
27ABTABBOTT LABShistory →COM0.54%$16M115.0K
28SNEXSTONEX GROUP INChistory →COM0.49%$14M154.6K
29APHAMPHENOL CORP NEWhistory →CL A0.47%$14M139.3K
30AEMAGNICO EAGLE MINES LTDhistory →COM0.47%$14M114.8K
31UBERUBER TECHNOLOGIES INChistory →COM0.45%$13M140.1K
32FISVFISERV INChistory →COM0.44%$13M73.4K
33NEMNEWMONT CORPhistory →COM0.43%$13M215.5K
34AMATAPPLIED MATLS INChistory →COM0.43%$12M67.8K
35TDGTRANSDIGM GROUP INChistory →COM0.42%$12M8.1K
36INGRINGREDION INChistory →COM0.42%$12M89.0K
37FICOFAIR ISAAC CORPhistory →COM0.42%$12M6.6K
38CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.41%$12M208.9K
39PMPHILIP MORRIS INTL INChistory →COM0.40%$11M63.1K
40FISFIDELITY NATL INFORMATION SVhistory →COM0.38%$11M133.8K
41BROBROWN & BROWN INChistory →COM0.37%$11M96.2K
42AXPAMERICAN EXPRESS COhistory →COM0.36%$10M32.5K
43AMDADVANCED MICRO DEVICES INChistory →COM0.35%$10M71.1K
44PEPPEPSICO INCCOM0.34%$10M75.0K
45XYLXYLEM INCCOM0.33%$10M75.0K
46GILDGILEAD SCIENCES INCCOM0.33%$10M86.6K
47CRMSALESFORCE INCCOM0.33%$10M35.0K
48FASTFASTENAL COCOM0.33%$10M226.7K
49ABBVABBVIE INCCOM0.33%$9M51.1K
50COFCAPITAL ONE FINL CORPCOM0.33%$9M44.3K
51ENBENBRIDGE INCCOM0.32%$9M204.9K
52ADBEADOBE INCCOM0.32%$9M23.8K
53TMOTHERMO FISHER SCIENTIFIC INCCOM0.31%$9M22.5K
54PANWPALO ALTO NETWORKS INCCOM0.31%$9M44.4K
55GE AEROSPACECOM NEW0.31%$9M34.5K
56ORCLORACLE CORPCOM0.29%$9M38.9K
57TRITHOMSON REUTERS CORPCOM0.29%$8M42.3K
58IBMINTERNATIONAL BUSINESS MACHSCOM0.29%$8M28.5K
59ADPAUTOMATIC DATA PROCESSING INCOM0.29%$8M27.1K
60CBOECBOE GLOBAL MKTS INCCOM0.29%$8M35.6K
61PGPROCTER AND GAMBLE COCOM0.29%$8M51.9K
62CPRTCOPART INCCOM0.28%$8M167.9K
63KLACKLA CORPCOM NEW0.28%$8M9.0K
64EXMOCEXXON MOBIL CORPCOM0.28%$8M74.9K
65URIUNITED RENTALS INCCOM0.27%$8M10.6K
66EQXEQUINOX GOLD CORPCOM0.27%$8M1.36M
67VRTXVERTEX PHARMACEUTICALS INCCOM0.26%$8M17.2K
68KOCOCA COLA COCOM0.26%$8M106.0K
69CTASCINTAS CORPCOM0.26%$7M33.5K
70UNPUNION PAC CORPCOM0.26%$7M32.2K
71ACGLARCH CAP GROUP LTDORD0.25%$7M80.8K
72CVXCHEVRON CORP NEWCOM0.25%$7M51.1K
73BRBROADRIDGE FINL SOLUTIONS INCOM0.25%$7M30.1K
74HIGHARTFORD INSURANCE GROUP INCCOM0.25%$7M56.8K
75DHRDANAHER CORPORATIONCOM0.24%$7M35.5K
76FTNTFORTINET INCCOM0.24%$7M66.4K
77HONHONEYWELL INTL INCCOM0.24%$7M29.7K
78CITHE CIGNA GROUPCOM0.24%$7M20.8K
79MELIMERCADOLIBRE INCCOM0.24%$7M2.6K
80LRCXLAM RESEARCH CORPCOM NEW0.23%$7M69.7K
81CEGCONSTELLATION ENERGY CORPCOM0.23%$7M20.8K
82QCOMQUALCOMM INCCOM0.23%$7M42.0K
83NVRNVR INCCOM0.23%$7M904
84ICEINTERCONTINENTAL EXCHANGE INCOM0.23%$7M36.2K
85DISDISNEY WALT COCOM0.23%$7M53.0K
86DHTDHT HOLDINGS INCSHS NEW0.23%$7M608.3K
87SYKSTRYKER CORPORATIONCOM0.23%$7M16.5K
88MRKMERCK & CO INCCOM0.22%$6M81.7K
89SYFSYNCHRONY FINANCIALCOM0.22%$6M94.9K
90PYPLPAYPAL HLDGS INCCOM0.22%$6M84.7K
91WELLWELLTOWER INCCOM0.21%$6M39.9K
92ALLALLSTATE CORPCOM0.21%$6M30.4K
93LOWLOWES COS INCCOM0.21%$6M27.6K
94TRVTRAVELERS COMPANIES INCCOM0.21%$6M22.6K
95FFIVF5 INCCOM0.21%$6M20.3K
96ELVELEVANCE HEALTH INCCOM0.21%$6M15.3K
97FERGFERGUSON ENTERPRISES INCCOMMON STOCK NEW0.20%$6M26.9K
98DRIDARDEN RESTAURANTS INCCOM0.20%$6M26.4K
99MCKMCKESSON CORPCOM0.20%$6M7.9K
100CRWDCROWDSTRIKE HLDGS INCCL A0.20%$6M11.3K

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 ↗.