Shell Asset Management
THE HAGUE, P7files as SHELL ASSET MANAGEMENT CO
$996m in 1,141 US stocks at the end of 30 September 2025. The top 10 are 31.0% of the money. It changed about 20.8% of the portfolio this quarter.
Value
$996m
Stocks
1,141
Top 10 share
31.0%
Turnover
20.8%
What changed this quarter
New
Bought for the first time this quarter.
- Penguin SolutionsPENG<0.1% of the fund
- Uniti GroupUNIT<0.1% of the fund
- Aura MineralsAUGO<0.1% of the fund
- Ollie's Bargain Outlet HoldingsOLLI<0.1% of the fund
- GenpactG<0.1% of the fund
- Vizsla SilverVZLA<0.1% of the fund
- American Healthcare REITAHR<0.1% of the fund
- FTAI AviationFTAI<0.1% of the fund
- SouthState BankSSB<0.1% of the fund
- Celsius HoldingsCELH<0.1% of the fund
- Solaris ResourcesSLSR<0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRINDA1.5% of the fund+6%
- Kraneshares Bosera MsciKBA0.4% of the fund+30%
- WalmartWMT0.3% of the fund+98%
- Nu HoldingsNU0.2% of the fund+88%
- Parker-HannifinPH0.2% of the fund+104%
- M&T BankMTB0.2% of the fund+121%
- BoeingBA0.1% of the fund+41%
- Baker HughesBKR0.1% of the fund+16%
- Centerpoint EnergyCNP0.1% of the fund+11%
- Yum China HoldingsYUMC0.1% of the fund+36%
- StrategyMSTR<0.1% of the fund+10%
- Corebridge FinancialCRBG<0.1% of the fund+174%
- CME GroupCME<0.1% of the fund+2%
- Ishares TRKWT<0.1% of the fund+2%
- MongoDBMDB<0.1% of the fund+48%
- CarvanaCVNA<0.1% of the fund+3%
- Duke EnergyDUK<0.1% of the fund+5%
- GartnerIT<0.1% of the fund+3%
- Liberty MediaFWONK<0.1% of the fund+4%
- Royal Bank of CanadaRY<0.1% of the fund+4%
- Buenaventura MiningBVN<0.1% of the fund+45%
- Brookfield Asset ManagementBAM<0.1% of the fund+151%
- American International GroupAIG<0.1% of the fund+7%
- Robinhood MarketsHOOD<0.1% of the fund+158%
- NutanixNTNX<0.1% of the fund+25%
Cut
Sold some of their stake.
- NvidiaNVDA6.6% of the fund-72%
- AppleAAPL5.3% of the fund-71%
- MicrosoftMSFT5.2% of the fund-72%
- Amazon.comAMZN3.0% of the fund-74%
- BroadcomAVGO2.2% of the fund-70%
- AlphabetGOOG2.1% of the fund-70%
- Meta PlatformsMETA2.1% of the fund-75%
- TeslaTSLA1.7% of the fund-69%
- AlphabetGOOGL1.3% of the fund-73%
- JPMorgan ChaseJPM1.0% of the fund-65%
- Eli LillyLLY0.9% of the fund-72%
- VisaV0.9% of the fund-77%
- MastercardMA0.9% of the fund-74%
- Costco WholesaleCOST0.8% of the fund-78%
- Home DepotHD0.8% of the fund-60%
- Berkshire HathawayBRK-B0.7% of the fund-80%
- EnbridgeENB0.6% of the fund-45%
- NetflixNFLX0.6% of the fund-66%
- International Business MachinesIBM0.5% of the fund-34%
- AbbVieABBV0.5% of the fund-56%
- UnitedHealth GroupUNH0.5% of the fund-78%
- Palantir TechnologiesPLTR0.5% of the fund-10%
- Procter & GamblePG0.5% of the fund-37%
- General ElectricGE0.5% of the fund-52%
- OracleORCL0.5% of the fund-54%
Sold out
Sold their entire stake.
- DHT HoldingsDHT-100%
- Brookfield RenewableBEPC-100%
- MP MaterialsMP-100%
- HappenHAPN-100%
- Biontech SEBNTX-100%
- APi GroupAPG-100%
- AgcoAGCO-100%
- Payoneer GlobalPAYO-100%
- AssurantAIZ-100%
- BrookfieldBN-100%
- Unity SoftwareU-100%
- SempraSRE-100%
- Juniper Networks-100%
- OvintivOVV-100%
- Silicon LaboratoriesSLAB-100%
- Uranium EnergyUEC-100%
- Legacy HousingLEGH-100%
- Interpublic Group COS-100%
- Ansys-100%
- RollinsROL-100%
- LKQLKQ-100%
- Gildan ActivewearGIL-100%
- Canadian Natural ResourcesCNQ-100%
- AvantorAVTR-100%
- Marathon PetroleumMPC-100%
Holdings
- Ishares TRINDA
- Share
- 1.5%
- Value
- $15m
- Shares
- 287,959
+6%
- Kraneshares Bosera MsciKBA
- Share
- 0.4%
- Value
- $4m
- Shares
- 139,850
+30%
- Toronto Dominion BankTD
- Share
- 0.4%
- Value
- $4m
- Shares
- 50,693
-33%
- Agnico Eagle MinesAEM
- Share
- 0.4%
- Value
- $4m
- Shares
- 22,427
-80%
- PDD HoldingsPDD
- Share
- 0.4%
- Value
- $4m
- Shares
- 26,705
-23%
- Thomson Reuters
- Share
- 0.3%
- Value
- $3m
- Shares
- 18,928
-55%
- Cboe Global MktsCBOE
- Share
- 0.3%
- Value
- $3m
- Shares
- 10,919
-69%
- Ishares TRKSA
- Share
- 0.2%
- Value
- $2m
- Shares
- 60,557
Held
- Canadian Imperial Bank of Commerce /canCM
- Share
- 0.2%
- Value
- $2m
- Shares
- 30,326
-36%
- Bank of Montreal /canBMO
- Share
- 0.2%
- Value
- $2m
- Shares
- 18,611
-36%
- FortisFTS
- Share
- 0.2%
- Value
- $2m
- Shares
- 45,623
-38%
- Electronic ArtsEA
- Share
- 0.2%
- Value
- $2m
- Shares
- 10,447
-51%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 6.6% | $66m | 354,566 | -72% |
| AppleAAPL | 5.3% | $53m | 207,085 | -71% |
| MicrosoftMSFT | 5.2% | $51m | 99,347 | -72% |
| Amazon.comAMZN | 3.0% | $30m | 134,878 | -74% |
| BroadcomAVGO | 2.2% | $22m | 65,895 | -70% |
| AlphabetGOOG | 2.1% | $21m | 86,189 | -70% |
| Meta PlatformsMETA | 2.1% | $20m | 27,838 | -75% |
| TeslaTSLA | 1.7% | $17m | 39,165 | -69% |
| Ishares TRINDA | 1.5% | $15m | 287,959 | +6% |
| AlphabetGOOGL | 1.3% | $13m | 53,943 | -73% |
| JPMorgan ChaseJPM | 1.0% | $10m | 30,326 | -65% |
| Eli LillyLLY | 0.9% | $9m | 12,193 | -72% |
| VisaV | 0.9% | $9m | 26,381 | -77% |
| MastercardMA | 0.9% | $9m | 15,332 | -74% |
| Costco WholesaleCOST | 0.8% | $8m | 8,600 | -78% |
| Home DepotHD | 0.8% | $8m | 19,211 | -60% |
| Berkshire HathawayBRK-B | 0.7% | $7m | 14,078 | -80% |
| EnbridgeENB | 0.6% | $6m | 112,346 | -45% |
| NetflixNFLX | 0.6% | $6m | 4,703 | -66% |
| International Business MachinesIBM | 0.5% | $5m | 18,862 | -34% |
| AbbVieABBV | 0.5% | $5m | 22,295 | -56% |
| UnitedHealth GroupUNH | 0.5% | $5m | 14,761 | -78% |
| Palantir TechnologiesPLTR | 0.5% | $5m | 27,899 | -10% |
| Procter & GamblePG | 0.5% | $5m | 32,591 | -37% |
| General ElectricGE | 0.5% | $5m | 16,604 | -52% |
| OracleORCL | 0.5% | $5m | 17,723 | -54% |
| IntuitINTU | 0.5% | $5m | 7,046 | -71% |
| Applied MaterialsAMAT | 0.5% | $5m | 22,285 | -67% |
| Broadridge Financial SolutionsBR | 0.4% | $4m | 17,999 | -40% |
| ProgressivePGR | 0.4% | $4m | 17,050 | -72% |
| Kraneshares Bosera MsciKBA | 0.4% | $4m | 139,850 | +30% |
| S&P GlobalSPGI | 0.4% | $4m | 8,498 | -73% |
| Toronto Dominion BankTD | 0.4% | $4m | 50,693 | -33% |
| Advanced Micro DevicesAMD | 0.4% | $4m | 24,539 | -65% |
| Coca-ColaKO | 0.4% | $4m | 59,842 | -44% |
| Lowe's CompaniesLOW | 0.4% | $4m | 15,444 | -44% |
| American ExpressAXP | 0.4% | $4m | 11,608 | -64% |
| Cisco SystemsCSCO | 0.4% | $4m | 55,576 | -28% |
| Agnico Eagle MinesAEM | 0.4% | $4m | 22,427 | -80% |
| Philip Morris InternationalPM | 0.4% | $4m | 23,116 | -63% |
| ServiceNowNOW | 0.4% | $4m | 3,983 | -79% |
| Union PacificUNP | 0.4% | $4m | 15,387 | -52% |
| Intercontinental ExchangeICE | 0.4% | $4m | 21,510 | -41% |
| QualcommQCOM | 0.4% | $4m | 21,627 | -49% |
| NewmontNEM | 0.4% | $4m | 42,557 | -80% |
| PDD HoldingsPDD | 0.4% | $4m | 26,705 | -23% |
| Gilead SciencesGILD | 0.4% | $4m | 31,624 | -63% |
| Automatic Data ProcessingADP | 0.3% | $3m | 11,719 | -57% |
| Verizon CommunicationsVZ | 0.3% | $3m | 76,048 | -34% |
| Intuitive SurgicalISRG | 0.3% | $3m | 7,442 | -77% |
| Moody'sMCO | 0.3% | $3m | 6,949 | -81% |
| MerckMRK | 0.3% | $3m | 39,209 | -52% |
| McDonald'sMCD | 0.3% | $3m | 10,663 | -20% |
| Honeywell InternationalHON | 0.3% | $3m | 15,179 | -49% |
| Micron TechnologyMU | 0.3% | $3m | 19,093 | -56% |
| ShopifySHOP | 0.3% | $3m | 20,765 | -54% |
| AdobeADBE | 0.3% | $3m | 8,705 | -63% |
| WelltowerWELL | 0.3% | $3m | 16,993 | -57% |
| Thomson Reuters | 0.3% | $3m | 18,928 | -55% |
| WalmartWMT | 0.3% | $3m | 28,216 | +98% |
| Capital One FinancialCOF | 0.3% | $3m | 13,659 | -69% |
| Uber TechnologiesUBER | 0.3% | $3m | 29,600 | -79% |
| GE VernovaGEV | 0.3% | $3m | 4,612 | -33% |
| AmgenAMGN | 0.3% | $3m | 9,992 | -38% |
| RTXRTX | 0.3% | $3m | 16,610 | -57% |
| American Water Works CompanyAWK | 0.3% | $3m | 19,780 | -39% |
| Altria GroupMO | 0.3% | $3m | 41,471 | -36% |
| Boston ScientificBSX | 0.3% | $3m | 27,732 | -21% |
| Bank of AmericaBAC | 0.3% | $3m | 51,974 | -47% |
| StrykerSYK | 0.3% | $3m | 7,253 | -56% |
| Cboe Global MktsCBOE | 0.3% | $3m | 10,919 | -69% |
| NasdaqNDAQ | 0.3% | $3m | 29,932 | -36% |
| Vertex PharmaceuticalsVRTX | 0.3% | $3m | 6,666 | -61% |
| MckessonMCK | 0.3% | $3m | 3,322 | -58% |
| Texas InstrumentsTXN | 0.3% | $3m | 13,966 | -39% |
| Motorola SolutionsMSI | 0.3% | $3m | 5,602 | -22% |
| Waste ConnectionsWCN | 0.3% | $3m | 14,291 | -38% |
| SalesforceCRM | 0.2% | $2m | 10,499 | -70% |
| Cigna GroupCI | 0.2% | $2m | 8,597 | -59% |
| Ishares TRKSA | 0.2% | $2m | 60,557 | Held |
| TJX CompaniesTJX | 0.2% | $2m | 16,965 | -55% |
| Hartford Insurance GroupHIG | 0.2% | $2m | 18,212 | -68% |
| Canadian Imperial Bank of Commerce /canCM | 0.2% | $2m | 30,326 | -36% |
| Bank of Montreal /canBMO | 0.2% | $2m | 18,611 | -36% |
| Analog DevicesADI | 0.2% | $2m | 9,722 | -19% |
| Lam ResearchLRCX | 0.2% | $2m | 17,520 | -75% |
| Devon EnergyDVN | 0.2% | $2m | 66,878 | -53% |
| Elevance HealthELV | 0.2% | $2m | 7,254 | -53% |
| Prudential FinancialPRU | 0.2% | $2m | 22,365 | Held |
| FortisFTS | 0.2% | $2m | 45,623 | -38% |
| Cadence Design SystemsCDNS | 0.2% | $2m | 6,586 | -88% |
| FiservFISV | 0.2% | $2m | 17,883 | -76% |
| AppLovinAPP | 0.2% | $2m | 3,202 | -54% |
| FastenalFAST | 0.2% | $2m | 45,913 | -80% |
| Travelers CompaniesTRV | 0.2% | $2m | 8,005 | -65% |
| PTCPTC | 0.2% | $2m | 10,654 | -25% |
| ExxonMobil HoldingsXOM | 0.2% | $2m | 19,176 | -74% |
| Synchrony FinancialSYF | 0.2% | $2m | 30,342 | -68% |
| Electronic ArtsEA | 0.2% | $2m | 10,447 | -51% |
| F5FFIV | 0.2% | $2m | 6,470 | -68% |
Showing the largest 100 of 1,141.
Over time and by industry
Value over time
Sep '25
Value is down 65.6% since 30 June 2025.
Where the money is
Technology31.8%
Financial services13.7%
Retail & consumer9.6%
Industrials9.4%
Health care8.6%
Media & telecom7.4%
Everyday goods4.5%
Utilities3.0%
Energy2.7%
Real estate2.7%
Materials2.6%
Other4.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.