Shell Asset Management Co.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed July 25, 2024), Shell Asset Management Co. reported 1,252 stock positions worth $2.2 billion. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Nvidia (NVDA, 6.6%) and Apple (AAPL, 5.7%). Compared with Q4 2023, it opened 86 new positions, sold out of 83, added to 216 and reduced 941. The biggest buy was Nvidia (NVDA, shares +855%) and the biggest sale Unitedhealth (UNH, shares −20%).
- Most Recent 13F
- Q3 2025
- Location
- THE HAGUE, P7
- CIK
- 0001211028
- Portfolio Value
- $2.2B (Q1 2024)
- SEC Filing
- 0001211028-24-000006 ↗ filed Jul 25, 2024
Holdings Value
Holdings 1,252 stocks · $2.2B
| MSFT Microsoft Corp. | 6.70% | 329,312 | $147.2M | Reduce -10.9% |
| NVDA Nvidia Corp. | 6.56% | 1,166,984 | $144.2M | Add +855.0% |
| AAPL Apple Inc. | 5.71% | 595,854 | $125.5M | Reduce -11.7% |
| AMZN Amazon.com Inc. | 3.95% | 449,008 | $86.8M | Reduce -5.8% |
| META Meta Platforms Inc. Class A | 2.22% | 96,687 | $48.8M | Reduce -3.3% |
| GOOG Alphabet Inc. Class C | 2.01% | 240,782 | $44.2M | Reduce -7.6% |
| LLY Eli Lilly & Co. | 1.70% | 41,172 | $37.3M | Reduce -8.7% |
| UNH Unitedhealth Group Inc. | 1.48% | 63,909 | $32.5M | Reduce -20.3% |
| GOOGL Alphabet Inc. Class A | 1.39% | 167,657 | $30.5M | Reduce -21.4% |
| COST Costco Wholesale Corp. | 1.33% | 34,281 | $29.1M | Reduce -6.0% |
| AVGO Broadcom Inc. | 1.27% | 17,414 | $28.0M | Add +6.8% |
| V Visa Inc. Class A | 1.21% | 101,473 | $26.6M | Reduce -8.6% |
| MA Mastercard Inc. Class A | 1.03% | 51,285 | $22.6M | Reduce -7.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 46,669 | $19.0M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.79% | 87,577 | $17.3M | Reduce -19.8% |
| CDNS Cadence Design SYS Inc. | 0.75% | 53,843 | $16.6M | Add +5.8% |
| MCO Moody's Corp. | 0.70% | 36,610 | $15.4M | Add +13.9% |
| CMG Chipotle Mexican Grill Inc. | 0.67% | 234,450 | $14.7M | Add +4547.2% |
| BKNG Booking Holdings Inc. | 0.67% | 3,704 | $14.7M | Reduce -2.8% |
| INDA iShares MSCI India ETF | 0.63% | 246,591 | $13.8M | Add +7.1% |
| REGN Regeneron Pharmaceuticals | 0.61% | 12,816 | $13.5M | Reduce -9.6% |
| JPM JPMorgan Chase & Co. | 0.61% | 66,437 | $13.4M | Add +6.8% |
| NOW ServiceNow Inc. | 0.61% | 16,893 | $13.3M | Reduce -6.6% |
| ABT Abbott Laboratories | 0.60% | 126,309 | $13.1M | Reduce -14.8% |
| INTU Intuit Inc. | 0.59% | 19,660 | $12.9M | Reduce -7.9% |
| ISRG Intuitive Surgical Inc. | 0.58% | 28,687 | $12.8M | Reduce -6.2% |
| HD Home Depot Inc. | 0.56% | 35,857 | $12.3M | Reduce -21.3% |
| AMAT Applied Materials Inc. | 0.56% | 52,271 | $12.3M | Reduce -13.8% |
| PGR Progressive Corp. | 0.54% | 57,572 | $12.0M | Add +24.2% |
| SNEX Stonex Group Inc. | 0.54% | 156,974 | $11.8M | Reduce -10.6% |
| AMD Advanced Micro Devices | 0.54% | 72,615 | $11.8M | Add +11.8% |
| TDG Transdigm Group Inc. | 0.53% | 9,168 | $11.7M | Reduce -4.9% |
| SPGI S&P Global Inc. | 0.51% | 25,168 | $11.2M | Reduce -14.0% |
| PEP Pepsico Inc. | 0.50% | 66,462 | $11.0M | Reduce -6.7% |
| UBER Uber Technologies Inc. | 0.47% | 143,236 | $10.4M | Add +226.7% |
| XOM Exxon Mobil Corp. | 0.46% | 88,425 | $10.2M | Add +31.8% |
| CSL Carlisle Cos Inc. | 0.46% | 24,956 | $10.1M | Reduce -8.7% |
| FICO Fair Isaac Corp. | 0.46% | 6,755 | $10.1M | Reduce -1.9% |
| FIS Fidelity National Info Serv | 0.44% | 127,871 | $9.6M | Reduce -14.2% |
| NEM Newmont Corp. | 0.43% | 226,051 | $9.5M | Add +218.5% |
| ADBE Adobe Inc. | 0.43% | 16,961 | $9.4M | Reduce -36.7% |
| BRO Brown & Brown Inc. | 0.42% | 104,029 | $9.3M | Reduce -3.5% |
| AEM Agnico Eagle Mines Ltd. | 0.42% | 140,534 | $9.2M | Reduce -16.1% |
| LRCX Lam Research Corp. | 0.41% | 8,537 | $9.1M | Add +28.6% |
| XYL Xylem Inc. | 0.40% | 64,501 | $8.7M | Reduce -3.8% |
| ACGL Arch Capital Group Ltd. | 0.38% | 83,067 | $8.4M | Reduce -8.5% |
| PANW Palo Alto Networks Inc. | 0.37% | 23,846 | $8.1M | Add +1.0% |
| MRK Merck & Co. Inc. | 0.37% | 64,777 | $8.0M | Reduce -0.8% |
| CLS Celestica Inc. | 0.36% | 138,455 | $7.9M | New |
| FISV Fiserv Inc. | 0.36% | 52,945 | $7.9M | Reduce -22.8% |
| INGR Ingredion Inc. | 0.36% | 68,030 | $7.8M | Reduce -28.1% |
| KLAC KLA Corp. | 0.35% | 9,277 | $7.6M | Add +620.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 16,074 | $7.5M | Reduce -0.5% |
| NFLX Netflix Inc. | 0.34% | 11,001 | $7.4M | Reduce -7.8% |
| ROP Roper Technologies Inc. | 0.33% | 12,765 | $7.2M | Reduce -44.1% |
| CRM Salesforce Inc. | 0.32% | 27,552 | $7.1M | Reduce -27.0% |
| CVX Chevron Corp. | 0.32% | 44,758 | $7.0M | Reduce -5.5% |
| CBOE Cboe Global Markets Inc. | 0.31% | 40,505 | $6.9M | Add +13.5% |
| FAST Fastenal Co. | 0.30% | 103,985 | $6.5M | Reduce -1.9% |
| URI United Rentals Inc. | 0.30% | 10,071 | $6.5M | Add +4.3% |
| CI The Cigna Group | 0.30% | 19,605 | $6.5M | Add +16.5% |
| ABBV Abbvie Inc. | 0.29% | 37,616 | $6.5M | Reduce -5.0% |
| BEPC Brookfield Renewable Cor-A | 0.29% | 225,307 | $6.4M | Add +16.3% |
| CSGP Costar Group Inc. | 0.27% | 80,414 | $6.0M | Reduce -5.8% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 10,642 | $5.9M | Reduce -34.0% |
| GILD Gilead Sciences Inc. | 0.27% | 85,455 | $5.9M | Reduce -3.5% |
| AMGN Amgen Inc. | 0.26% | 18,600 | $5.8M | Reduce -5.3% |
| PG The Procter & Gamble Co. | 0.26% | 34,821 | $5.7M | Add +1.9% |
| EG Everest Group Ltd. | 0.26% | 15,046 | $5.7M | Add +45.0% |
| DE Deere & Co. | 0.26% | 15,250 | $5.7M | Reduce -39.3% |
| APH Amphenol Corp. Class A | 0.26% | 84,304 | $5.7M | Add +971.6% |
| ELV Elevance Health Inc. | 0.26% | 10,460 | $5.7M | Add +7.8% |
| PAYO Payoneer Global Inc. | 0.26% | 1,022,794 | $5.7M | New |
| DHR Danaher Corp. | 0.25% | 21,969 | $5.5M | Reduce -25.6% |
| EQX Equinox Gold Corp. | 0.25% | 1,040,314 | $5.4M | Add +79.0% |
| QCOM Qualcomm Inc. | 0.24% | 26,760 | $5.3M | Reduce -4.3% |
| DAR Darling Ingredients Inc. | 0.22% | 132,393 | $4.9M | Reduce -14.1% |
| CPRT Copart Inc. | 0.22% | 87,791 | $4.8M | Reduce -4.7% |
| DVN Devon Energy Corp. | 0.21% | 97,785 | $4.6M | Reduce -17.5% |
| ED Consolidated Edison Inc. | 0.21% | 51,327 | $4.6M | Add +5.4% |
| EOG EOG Resources Inc. | 0.21% | 36,442 | $4.6M | Reduce -10.4% |
| UNP Union Pacific Corp. | 0.21% | 20,224 | $4.6M | Reduce -14.4% |
| AXP American Express Co. | 0.20% | 19,435 | $4.5M | Add +3.6% |
| PYPL PayPal Holdings Inc. | 0.20% | 77,396 | $4.5M | Reduce -22.4% |
| ORLY O'reilly Automotive Inc. | 0.20% | 4,211 | $4.4M | Reduce -1.5% |
| KR Kroger Co. | 0.20% | 88,963 | $4.4M | Add +8.3% |
| VZ Verizon Communications Inc. | 0.20% | 106,066 | $4.4M | Reduce -39.6% |
| ADP Automatic Data Processing | 0.20% | 18,276 | $4.4M | Add +17.2% |
| HON Honeywell International Inc. | 0.20% | 20,406 | $4.4M | Reduce -23.8% |
| TRI Thomson Reuters Corp. | 0.20% | 25,678 | $4.3M | Reduce -0.3% |
| BBY Best Buy Co. Inc. | 0.19% | 50,211 | $4.2M | Add +38.8% |
| EIX Edison International | 0.19% | 57,907 | $4.2M | Add +14.6% |
| CVS CVS Health Corp. | 0.19% | 69,834 | $4.1M | Add +7.8% |
| SMIN iShares MSCI India Small-Cap | 0.19% | 50,799 | $4.1M | Reduce -29.1% |
| SYF Synchrony Financial | 0.19% | 86,506 | $4.1M | Add +11.7% |
| CTAS Cintas Corp. | 0.19% | 5,826 | $4.1M | Reduce -30.5% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.18% | 44,646 | $4.0M | Add +18.3% |
| DECK Deckers Outdoor Corp. | 0.18% | 4,120 | $4.0M | Add +26.2% |
| AMT American Tower Corp. | 0.18% | 20,444 | $4.0M | Reduce -42.8% |
| POWI Power Integrations Inc. | 0.18% | 56,079 | $3.9M | Add +77.4% |
Portfolio Sells Q4 2023 → Q1 2024
| UNH Unitedhealth Group Inc. | Reduce -20.3% | 1.48% | −0.47 |
| TSLA Tesla Inc. | Reduce -19.8% | 0.79% | −0.46 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.42 |
| ZTS Zoetis Inc. | Reduce -86.5% | 0.05% | −0.39 |
| MSCI MSCI Inc. | Reduce -88.2% | 0.03% | −0.32 |
| ADBE Adobe Inc. | Reduce -36.7% | 0.43% | −0.31 |
| AAPL Apple Inc. | Reduce -11.7% | 5.71% | −0.28 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.25 |
| ROP Roper Technologies Inc. | Reduce -44.1% | 0.33% | −0.25 |
| DE Deere & Co. | Reduce -39.3% | 0.26% | −0.20 |
| U Unity Software Inc. | Reduce -2.9% | 0.12% | −0.20 |
| AMT American Tower Corp. | Reduce -42.8% | 0.18% | −0.18 |
| HD Home Depot Inc. | Reduce -21.3% | 0.56% | −0.17 |
| SCHW Schwab (charles) Corp. | Reduce -66.8% | 0.09% | −0.16 |
| ABT Abbott Laboratories | Reduce -14.8% | 0.60% | −0.16 |
| CRM Salesforce Inc. | Reduce -27.0% | 0.32% | −0.14 |
| CP Canadian Pacific Kansas City | Reduce -69.3% | 0.06% | −0.13 |
| DAR Darling Ingredients Inc. | Reduce -14.1% | 0.22% | −0.13 |
| NXE Nexgen Energy Ltd. | Reduce -93.3% | 0.01% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -34.0% | 0.27% | −0.13 |
| SBUX Starbucks Corp. | Reduce -46.8% | 0.09% | −0.12 |
| V Visa Inc. Class A | Reduce -8.6% | 1.21% | −0.12 |
| INGR Ingredion Inc. | Reduce -28.1% | 0.36% | −0.12 |
| SLAB Silicon Laboratories Inc. | Reduce -31.1% | 0.16% | −0.12 |
| INTC Intel Corp. | Reduce -33.4% | 0.08% | −0.11 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -39.6% | 0.20% | −0.11 |
| A Agilent Technologies Inc. | Reduce -49.2% | 0.09% | −0.10 |
| LULU Lululemon Athletica Inc. | Reduce -49.5% | 0.04% | −0.10 |
| BAC Bank of America Corp. | Reduce -58.4% | 0.09% | −0.10 |
| AWK American Water Works Co. Inc. | Reduce -43.9% | 0.11% | −0.10 |
| DIS The Walt Disney Co. | Reduce -39.6% | 0.18% | −0.09 |
| CBRE CBRE Group Inc. Class A | Reduce -48.0% | 0.09% | −0.09 |
| ENB Enbridge Inc. | Reduce -33.1% | 0.17% | −0.09 |
| TD Toronto-Dominion Bank | Reduce -28.2% | 0.14% | −0.09 |
| SHOP Shopify Inc. Class A | Reduce -52.2% | 0.06% | −0.09 |
| BR Broadridge Financial Solutio | Reduce -29.5% | 0.17% | −0.08 |
| SPGI S&P Global Inc. | Reduce -14.0% | 0.51% | −0.08 |
| APD Air Products & Chemicals Inc. | Reduce -69.5% | 0.03% | −0.08 |
| MLM Martin Marietta Materials | Reduce -48.0% | 0.10% | −0.08 |
| PYPL PayPal Holdings Inc. | Reduce -22.4% | 0.20% | −0.08 |
| MCD McDonald's Corp. | Reduce -27.0% | 0.12% | −0.08 |
| CAG Conagra Brands Inc. | Reduce -71.7% | 0.03% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -40.7% | 0.15% | −0.07 |
| BLK BlackRock Finance Inc. | Reduce -38.5% | 0.11% | −0.07 |
| FLNC Fluence Energy Inc. | Reduce -53.0% | 0.04% | −0.07 |
| AVTR Avantor Inc. | Reduce -56.2% | 0.05% | −0.07 |
| BMI Badger Meter Inc. | Reduce -78.6% | 0.03% | −0.07 |
| CSGP Costar Group Inc. | Reduce -5.8% | 0.27% | −0.07 |
| WCN Waste Connections Inc. | Reduce -41.6% | 0.15% | −0.07 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +855.0% | 6.56% | +3.77 |
| AVGO Broadcom Inc. | Add +6.8% | 1.27% | +0.43 |
| CLS Celestica Inc. | New | 0.36% | +0.36 |
| UBER Uber Technologies Inc. | Add +226.7% | 0.47% | +0.35 |
| KLAC KLA Corp. | Add +620.8% | 0.35% | +0.31 |
| NEM Newmont Corp. | Add +218.5% | 0.43% | +0.30 |
| PAYO Payoneer Global Inc. | New | 0.26% | +0.26 |
| APH Amphenol Corp. Class A | Add +971.6% | 0.26% | +0.22 |
| PGR Progressive Corp. | Add +24.2% | 0.54% | +0.20 |
| LRCX Lam Research Corp. | Add +28.6% | 0.41% | +0.17 |
| XOM Exxon Mobil Corp. | Add +31.8% | 0.46% | +0.15 |
| BW LPG LTD | New | 0.15% | +0.15 |
| TECK Teck Resources Ltd.-CLS B | Add +632.1% | 0.16% | +0.14 |
| CMG Chipotle Mexican Grill Inc. | Add +4547.2% | 0.67% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +6.8% | 0.61% | +0.12 |
| MCO Moody's Corp. | Add +13.9% | 0.70% | +0.12 |
| EQX Equinox Gold Corp. | Add +79.0% | 0.25% | +0.12 |
| CDNS Cadence Design SYS Inc. | Add +5.8% | 0.75% | +0.11 |
| INDA iShares MSCI India ETF | Add +7.1% | 0.63% | +0.11 |
| CEG Constellation Energy | Add +55.2% | 0.17% | +0.10 |
| KMB Kimberly-Clark Corp. | Add +725.5% | 0.11% | +0.10 |
| NXT Nextpower Inc. | Add +2930.4% | 0.10% | +0.10 |
| AMD Advanced Micro Devices | Add +11.8% | 0.54% | +0.09 |
| EG Everest Group Ltd. | Add +45.0% | 0.26% | +0.09 |
| LEGH Legacy Housing Corp. | New | 0.08% | +0.08 |
| DECK Deckers Outdoor Corp. | Add +26.2% | 0.18% | +0.08 |
| INCY Incyte Corp. | Add +148.7% | 0.13% | +0.08 |
| AGCO Agco Corp. | Add +315.1% | 0.10% | +0.07 |
| CI The Cigna Group | Add +16.5% | 0.30% | +0.06 |
| BBY Best Buy Co. Inc. | Add +38.8% | 0.19% | +0.06 |
| IRM Iron Mountain Inc. | Add +18.3% | 0.18% | +0.06 |
| POWI Power Integrations Inc. | Add +77.4% | 0.18% | +0.06 |
| ANET Arista Networks Inc. | New | 0.05% | +0.05 |
| DINO HF Sinclair Corp. | Add +232.6% | 0.08% | +0.05 |
| UUUU Energy Fuels Inc. | Add +200.1% | 0.09% | +0.05 |
| NI Nisource Inc. | Add +67.2% | 0.12% | +0.05 |
| MELI MercadoLibre Inc. | Add +36.2% | 0.17% | +0.05 |
| SYF Synchrony Financial | Add +11.7% | 0.19% | +0.05 |
| DFS Discover Financial Services | Add +29.5% | 0.15% | +0.05 |
| ELV Elevance Health Inc. | Add +7.8% | 0.26% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +1.0% | 0.37% | +0.05 |
| SU Suncor Energy Inc. | Add +17.1% | 0.17% | +0.05 |
| NTR Nutrien Ltd. | Add +60.8% | 0.15% | +0.04 |
| GDDY GoDaddy Inc. Class A | Add +22.8% | 0.12% | +0.04 |
| INSM Insmed Inc. | New | 0.04% | +0.04 |
| AXP American Express Co. | Add +3.6% | 0.20% | +0.04 |
| HCA HCA Healthcare Inc. | Add +16.1% | 0.16% | +0.04 |
| FDX FedEx Corp. | Add +18.2% | 0.15% | +0.04 |
| URI United Rentals Inc. | Add +4.3% | 0.30% | +0.04 |
| FTNT Fortinet Inc. | Add +30.4% | 0.16% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 1,140 | $995.7M | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q2 2025 | 1,266 | $2.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,260 | $2.1B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 1,264 | $2.3B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 1,255 | $2.3B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 1,252 | $2.2B | MSFT, NVDA, AAPL, AMZN, META |