Shell Asset Management Co.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Shell Asset Management Co. reported 1,264 stock positions worth $2.3 billion. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Nvidia (NVDA, 6.0%) and Microsoft (MSFT, 5.3%). Compared with Q3 2024, it opened 27 new positions, sold out of 20, added to 163 and reduced 551. The biggest buy was Tesla (TSLA, shares +13%) and the biggest sale Microsoft (MSFT, shares −9%).
- Most Recent 13F
- Q3 2025
- Location
- THE HAGUE, P7
- CIK
- 0001211028
- Portfolio Value
- $2.3B (Q4 2024)
- SEC Filing
- 0001211028-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 1,264 stocks · $2.3B
| AAPL Apple Inc. | 6.35% | 580,135 | $145.3M | Add +0.9% |
| NVDA Nvidia Corp. | 6.02% | 1,025,697 | $137.7M | Reduce -2.9% |
| MSFT Microsoft Corp. | 5.31% | 288,299 | $121.5M | Reduce -8.8% |
| AMZN Amazon.com Inc. | 4.24% | 442,873 | $97.2M | Add +0.7% |
| META Meta Platforms Inc. Class A | 2.34% | 91,397 | $53.5M | Reduce -3.5% |
| GOOG Alphabet Inc. Class C | 1.94% | 233,708 | $44.5M | Reduce -3.1% |
| TSLA Tesla Inc. | 1.74% | 98,538 | $39.8M | Add +13.2% |
| AVGO Broadcom Inc. | 1.73% | 170,898 | $39.6M | Add +7.0% |
| UNH Unitedhealth Group Inc. | 1.51% | 68,152 | $34.5M | Reduce -0.6% |
| V Visa Inc. Class A | 1.34% | 96,909 | $30.6M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 1.32% | 159,799 | $30.3M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 1.32% | 32,975 | $30.2M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 1.22% | 36,147 | $27.9M | Reduce -5.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 59,926 | $27.2M | Add +9.6% |
| MA Mastercard Inc. Class A | 1.19% | 51,547 | $27.1M | Reduce -0.7% |
| NOW ServiceNow Inc. | 0.81% | 17,389 | $18.4M | Add +5.3% |
| BKNG Booking Holdings Inc. | 0.74% | 3,414 | $17.0M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.69% | 66,164 | $15.9M | Add +0.3% |
| MCO Moody's Corp. | 0.69% | 33,340 | $15.8M | Reduce -0.5% |
| CDNS Cadence Design SYS Inc. | 0.66% | 50,443 | $15.2M | Reduce -2.5% |
| INDA iShares MSCI India ETF | 0.62% | 271,100 | $14.3M | Add +6.8% |
| CMG Chipotle Mexican Grill Inc. | 0.61% | 230,558 | $13.9M | Reduce -0.3% |
| HD Home Depot Inc. | 0.59% | 34,483 | $13.4M | Reduce -2.5% |
| ABT Abbott Laboratories | 0.58% | 118,052 | $13.4M | Reduce -10.3% |
| FISV Fiserv Inc. | 0.58% | 64,155 | $13.2M | Add +13.7% |
| FICO Fair Isaac Corp. | 0.57% | 6,600 | $13.1M | Reduce -0.4% |
| PGR Progressive Corp. | 0.56% | 53,124 | $12.7M | Reduce -6.2% |
| ISRG Intuitive Surgical Inc. | 0.54% | 23,876 | $12.5M | Reduce -4.7% |
| INTU Intuit Inc. | 0.54% | 19,559 | $12.3M | No change |
| SPGI S&P Global Inc. | 0.54% | 24,612 | $12.3M | Reduce -1.2% |
| SNEX Stonex Group Inc. | 0.52% | 122,256 | $12.0M | Reduce -21.3% |
| TDG Transdigm Group Inc. | 0.50% | 8,988 | $11.4M | No change |
| APH Amphenol Corp. Class A | 0.47% | 153,332 | $10.6M | Add +85.9% |
| AEM Agnico Eagle Mines Ltd. | 0.45% | 132,805 | $10.4M | Reduce -4.6% |
| FIS Fidelity National Info Serv | 0.45% | 128,286 | $10.4M | Reduce -0.3% |
| BRO Brown & Brown Inc. | 0.45% | 101,314 | $10.3M | Reduce -0.7% |
| PAYO Payoneer Global Inc. | 0.44% | 1,007,469 | $10.1M | No change |
| INGR Ingredion Inc. | 0.43% | 71,907 | $9.9M | Reduce -0.0% |
| PEP Pepsico Inc. | 0.42% | 63,970 | $9.7M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.42% | 10,881 | $9.7M | Reduce -0.3% |
| CPRT Copart Inc. | 0.41% | 163,378 | $9.4M | Reduce -0.2% |
| CRM Salesforce Inc. | 0.41% | 27,758 | $9.3M | Add +1.9% |
| CSL Carlisle Cos Inc. | 0.40% | 24,562 | $9.1M | No change |
| NEM Newmont Corp. | 0.38% | 234,546 | $8.7M | Add +5.4% |
| XYL Xylem Inc. | 0.37% | 72,043 | $8.4M | Add +12.3% |
| CLS Celestica Inc. | 0.36% | 89,184 | $8.2M | Reduce -34.5% |
| REGN Regeneron Pharmaceuticals | 0.35% | 11,331 | $8.1M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.35% | 130,937 | $7.9M | Reduce -7.2% |
| NVR NVR Inc. | 0.33% | 923 | $7.5M | Add +95.1% |
| AMAT Applied Materials Inc. | 0.32% | 45,351 | $7.4M | Add +1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 13,946 | $7.3M | Reduce -16.0% |
| FAST Fastenal Co. | 0.32% | 100,503 | $7.2M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 0.31% | 38,922 | $7.1M | Reduce -2.8% |
| AXP American Express Co. | 0.31% | 23,715 | $7.0M | Add +23.3% |
| URI United Rentals Inc. | 0.31% | 9,936 | $7.0M | Add +0.3% |
| PYPL PayPal Holdings Inc. | 0.29% | 78,158 | $6.7M | Reduce -1.4% |
| ABBV Abbvie Inc. | 0.28% | 36,710 | $6.5M | Add +0.5% |
| ACGL Arch Capital Group Ltd. | 0.28% | 69,711 | $6.4M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.28% | 59,021 | $6.3M | Reduce -26.3% |
| CVX Chevron Corp. | 0.28% | 43,764 | $6.3M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.27% | 51,478 | $6.2M | Add +12.7% |
| GILD Gilead Sciences Inc. | 0.27% | 66,635 | $6.2M | Reduce -22.2% |
| CBOE Cboe Global Markets Inc. | 0.27% | 31,332 | $6.1M | Add +0.4% |
| MRK Merck & Co. Inc. | 0.27% | 61,346 | $6.1M | Reduce -3.6% |
| EQX Equinox Gold Corp. | 0.26% | 1,185,152 | $6.0M | Add +15.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 14,657 | $5.9M | Add +0.5% |
| ADBE Adobe Inc. | 0.25% | 12,732 | $5.7M | Reduce -10.6% |
| ADP Automatic Data Processing | 0.25% | 19,206 | $5.6M | Reduce -1.6% |
| FTNT Fortinet Inc. | 0.25% | 59,476 | $5.6M | Reduce -2.1% |
| PG The Procter & Gamble Co. | 0.24% | 32,868 | $5.5M | Reduce -0.7% |
| GTLS Chart Industries Inc. | 0.24% | 28,867 | $5.5M | Add +1084.5% |
| CTAS Cintas Corp. | 0.24% | 30,011 | $5.5M | Reduce -18.7% |
| PM Philip Morris International | 0.24% | 45,393 | $5.5M | Add +5.6% |
| ALL Allstate Corp. | 0.22% | 26,655 | $5.1M | Add +49.3% |
| TRI Thomson Reuters Corp. | 0.22% | 31,866 | $5.1M | Add +17.7% |
| HIG Hartford Insurance Group Inc. | 0.22% | 46,660 | $5.1M | Add +29.4% |
| CSGP Costar Group Inc. | 0.22% | 71,048 | $5.1M | No change |
| KLAC KLA Corp. | 0.22% | 8,069 | $5.1M | Reduce -11.3% |
| DECK Deckers Outdoor Corp. | 0.22% | 24,968 | $5.1M | Reduce -2.4% |
| BEPC Brookfield Renewable Corp. | 0.22% | 182,223 | $5.0M | Reduce -17.9% |
| DHR Danaher Corp. | 0.22% | 21,513 | $4.9M | Reduce -1.1% |
| SYF Synchrony Financial | 0.21% | 72,477 | $4.7M | Reduce -13.0% |
| EIX Edison International | 0.20% | 58,330 | $4.7M | Reduce -2.1% |
| DAR Darling Ingredients Inc. | 0.20% | 137,927 | $4.6M | Add +0.1% |
| UNP Union Pacific Corp. | 0.20% | 20,289 | $4.6M | Reduce -0.8% |
| ORLY O'reilly Automotive Inc. | 0.20% | 3,885 | $4.6M | Add +1.7% |
| CBRE CBRE Group Inc. Class A | 0.20% | 34,165 | $4.5M | Reduce -22.6% |
| LRCX Lam Research Corp. | 0.19% | 60,947 | $4.4M | Reduce -0.5% |
| ENB Enbridge Inc. | 0.19% | 103,364 | $4.4M | Reduce -2.1% |
| DVN Devon Energy Corp. | 0.19% | 132,783 | $4.3M | Add +3.8% |
| FFIV F5 Inc. | 0.19% | 17,128 | $4.3M | Reduce -5.3% |
| QCOM Qualcomm Inc. | 0.18% | 27,456 | $4.2M | Reduce -2.1% |
| CI The Cigna Group | 0.18% | 15,114 | $4.2M | Reduce -22.1% |
| HON Honeywell International Inc. | 0.18% | 18,400 | $4.2M | Reduce -4.8% |
| WELL Welltower Inc. | 0.18% | 32,312 | $4.1M | Add +13.9% |
| BBY Best Buy Co. Inc. | 0.18% | 47,362 | $4.1M | Reduce -9.4% |
| EXC Exelon Corp. | 0.18% | 107,903 | $4.1M | Reduce -1.3% |
| DFS Discover Financial Services | 0.18% | 23,202 | $4.0M | Reduce -5.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.17% | 52,128 | $4.0M | Add +41.7% |
| ELV Elevance Health Inc. | 0.17% | 10,837 | $4.0M | Add +0.2% |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -8.8% | 5.31% | −0.68 |
| LLY Eli Lilly & Co. | Reduce -5.2% | 1.22% | −0.27 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 1.51% | −0.26 |
| ROP Roper Technologies Inc. | Reduce -82.1% | 0.05% | −0.24 |
| REGN Regeneron Pharmaceuticals | Reduce -2.0% | 0.35% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -26.3% | 0.28% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -16.0% | 0.32% | −0.14 |
| KR Kroger Co. | Reduce -59.7% | 0.09% | −0.13 |
| UBER Uber Technologies Inc. | Reduce -7.2% | 0.35% | −0.12 |
| ED Consolidated Edison Inc. | Reduce -40.5% | 0.12% | −0.12 |
| CI The Cigna Group | Reduce -22.1% | 0.18% | −0.11 |
| BEPC Brookfield Renewable Corp. | Reduce -17.9% | 0.22% | −0.10 |
| CTAS Cintas Corp. | Reduce -18.7% | 0.24% | −0.10 |
| KLAC KLA Corp. | Reduce -11.3% | 0.22% | −0.09 |
| AMGN Amgen Inc. | Reduce -29.4% | 0.10% | −0.08 |
| ADBE Adobe Inc. | Reduce -10.6% | 0.25% | −0.08 |
| ABT Abbott Laboratories | Reduce -10.3% | 0.58% | −0.08 |
| CVS CVS Health Corp. | Reduce -38.8% | 0.06% | −0.08 |
| PGR Progressive Corp. | Reduce -6.2% | 0.56% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -25.2% | 0.13% | −0.07 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.42% | −0.07 |
| ACGL Arch Capital Group Ltd. | Reduce -1.0% | 0.28% | −0.07 |
| BBY Best Buy Co. Inc. | Reduce -9.4% | 0.18% | −0.06 |
| K Kellanova | Reduce -64.0% | 0.03% | −0.06 |
| BLK BlackRock Inc. | Reduce -50.9% | 0.06% | −0.06 |
| SU Suncor Energy Inc. | Reduce -33.5% | 0.10% | −0.06 |
| FERG Ferguson Enterprises Inc. | Reduce -13.4% | 0.16% | −0.05 |
| HCA HCA Healthcare Inc. | Reduce -1.2% | 0.14% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -3.6% | 0.27% | −0.05 |
| EXPD Expeditors Intl Wash Inc. | Reduce -17.0% | 0.12% | −0.05 |
| INCY Incyte Corp. | Reduce -41.1% | 0.08% | −0.05 |
| DHR Danaher Corp. | Reduce -1.1% | 0.22% | −0.05 |
| SLB SLB Ltd. | Reduce -34.2% | 0.07% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -3.5% | 2.34% | −0.05 |
| GILD Gilead Sciences Inc. | Reduce -22.2% | 0.27% | −0.05 |
| CBRE CBRE Group Inc. Class A | Reduce -22.6% | 0.20% | −0.05 |
| HD Home Depot Inc. | Reduce -2.5% | 0.59% | −0.04 |
| KO The Coca-Cola Co. | Reduce -7.9% | 0.17% | −0.04 |
| IRM Iron Mountain Inc. | Reduce -9.6% | 0.17% | −0.04 |
| MELI MercadoLibre Inc. | Reduce -4.3% | 0.16% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -30.8% | 0.07% | −0.04 |
| UEC Uranium Energy Corp. | Reduce -48.2% | 0.05% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -4.6% | 0.45% | −0.04 |
| ODFL Old Dominion Freight Line | Reduce -30.1% | 0.06% | −0.04 |
| SNEX Stonex Group Inc. | Reduce -21.3% | 0.52% | −0.04 |
| QRVO Qorvo Inc. | Reduce -65.7% | 0.01% | −0.04 |
| ALLY Ally Financial Inc. | Reduce -59.4% | 0.02% | −0.03 |
| PSX Phillips 66 | Reduce -80.5% | 0.01% | −0.03 |
| EOG EOG Resources Inc. | Reduce -15.4% | 0.16% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -12.7% | 0.12% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | Add +13.2% | 1.74% | +0.74 |
| AMZN Amazon.com Inc. | Add +0.7% | 4.24% | +0.64 |
| AVGO Broadcom Inc. | Add +7.0% | 1.73% | +0.52 |
| AAPL Apple Inc. | Add +0.9% | 6.35% | +0.45 |
| APH Amphenol Corp. Class A | Add +85.9% | 0.47% | +0.23 |
| GTLS Chart Industries Inc. | Add +1084.5% | 0.24% | +0.23 |
| NOW ServiceNow Inc. | Add +5.3% | 0.81% | +0.16 |
| DHT DHT Holdings Inc. | New | 0.14% | +0.14 |
| FISV Fiserv Inc. | Add +13.7% | 0.58% | +0.13 |
| NVR NVR Inc. | Add +95.1% | 0.33% | +0.13 |
| MPWR Monolithic Power Systems Inc. | Add +1101.2% | 0.13% | +0.12 |
| ORCL Oracle Corp. | Add +205.3% | 0.16% | +0.11 |
| BNTX Biontech SE-ADR | New | 0.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.69% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.6% | 1.19% | +0.08 |
| AXP American Express Co. | Add +23.3% | 0.31% | +0.08 |
| CRM Salesforce Inc. | Add +1.9% | 0.41% | +0.08 |
| ALL Allstate Corp. | Add +49.3% | 0.22% | +0.08 |
| APP AppLovin Corp. Class A | Add +55.4% | 0.10% | +0.07 |
| MSI Motorola Solutions Inc. | Add +196.8% | 0.11% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +39.0% | 0.15% | +0.06 |
| CAT Caterpillar Inc. | Add +93.4% | 0.13% | +0.06 |
| BNY Bank of New York Mellon Corp. | Add +41.7% | 0.17% | +0.06 |
| J Jacobs Solutions Inc. | Add +335.9% | 0.07% | +0.06 |
| REG Regency Centers Corp. | Add +97.2% | 0.11% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| U Unity Software Inc. | Add +44.9% | 0.14% | +0.04 |
| GIL Gildan Activewear Inc. | Add +250.0% | 0.06% | +0.04 |
| AIZ Assurant Inc. | Add +61.6% | 0.10% | +0.04 |
| HIG Hartford Insurance Group Inc. | Add +29.4% | 0.22% | +0.04 |
| MANH Manhattan Associates Inc. | Add +197.6% | 0.06% | +0.04 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| CMI Cummins Inc. | Add +54.3% | 0.08% | +0.03 |
| MKTX Marketaxess Holdings Inc. | Add +285.1% | 0.04% | +0.03 |
| EXE Expand Energy Corp. | New | 0.03% | +0.03 |
| ARES Ares Management Corp. Class A | Add +84.7% | 0.05% | +0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.03% | +0.03 |
| BSX Boston Scientific Corp. | Add +32.2% | 0.09% | +0.03 |
| GD General Dynamics Corp. | Add +149.9% | 0.05% | +0.03 |
| KKR KKR & Co. Inc. | Add +129.3% | 0.04% | +0.03 |
| TJX TJX Companies Inc. | Add +16.5% | 0.15% | +0.02 |
| RSG Republic Services Inc. | Add +25.7% | 0.12% | +0.02 |
| AXON Axon Enterprise Inc. | Add +7.5% | 0.06% | +0.02 |
| SHOP Shopify Inc. Class A | Add +2.3% | 0.09% | +0.02 |
| KHC The Kraft Heinz Co. | Add +79.0% | 0.06% | +0.02 |
| TRGP Targa Resources Corp. | Add +47.2% | 0.05% | +0.02 |
| SNPS Synopsys Inc. | Add +74.2% | 0.05% | +0.02 |
| ATO Atmos Energy Corp. | Add +29.2% | 0.09% | +0.02 |
| TRI Thomson Reuters Corp. | Add +17.7% | 0.22% | +0.02 |
| TDY Teledyne Technologies Inc. | Add +250.1% | 0.03% | +0.02 |
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 |