SHELL ASSET MANAGEMENT CO

CIK

1211028

Location

THE HAGUE, P7

Portfolio Value

Small $932,877,752

Diversification

Diversified

Filing Date

Global Rank

#1,827 / 7,986 ▼ 894 · as of Sep 2025

Top Industry

Semiconductors 11.8%

3Y Alpha vs SPY

-3.4%

Period ended 9 months ago

Filed Nov 7, 2025 · 8mo

22 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.5%

SPY

+76.5%

Annualised alpha

-3.5%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,152 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

7.1%

−0.1 pts

Top 5

23.8%

−2.4 pts

Top 10

31.3%

−2.8 pts

HHI

158

Diversified−23

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	34.6%	$322,899,208	185
Financial Services	14.2%	$132,762,015	167
Consumer Cyclical	11.0%	$102,901,379	129
Healthcare	9.3%	$86,673,192	150
Industrials	8.8%	$82,557,702	157
Communication Services	5.5%	$50,985,392	43
Consumer Defensive	4.9%	$45,542,779	55
Real Estate	3.0%	$27,723,909	72
Energy	2.9%	$27,334,802	61
Utilities	2.8%	$25,910,460	46
Basic Materials	2.7%	$25,041,729	83
Unclassified	0.3%	$2,545,185	4

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	+55,885	119,174	$1,907,975
CRBG	Corebridge Financial, Inc.	+15,382	24,224	$776,379
WMT	Walmart Inc.	+13,976	28,216	$2,907,940
YUMC	Yum China Holdings, Inc.	+6,400	24,309	$1,043,342
HTHT	H World Group Ltd	+5,100	7,099	$277,641
ATHM	Autohome Inc.	+4,600	5,288	$150,972
BVN	Buenaventura Mining Co Inc	+4,521	14,508	$352,979
MTB	M&T Bank Corp	+4,376	7,986	$1,578,193
BAM	Brookfield Asset Management Ltd.	+3,690	6,141	$349,668
BKR	Baker Hughes Co	+3,308	23,423	$1,141,168
LEGN	Legend Biotech Corp	+3,056	5,171	$168,626
CNP	Centerpoint Energy Inc	+2,763	27,970	$1,085,236
TOST	Toast, Inc.	+2,385	3,894	$142,169
BA	Boeing Co	+1,892	6,542	$1,411,959
HOOD	Robinhood Markets, Inc.	+1,387	2,267	$324,589
TWLO	Twilio Inc	+1,311	1,841	$184,265
SOLV	Solventum Corp	+1,152	2,599	$189,727
LAB	Standard Biotools Inc.	+1,083	13,346	$17,349
PH	Parker-Hannifin Corp	+1,068	2,094	$1,587,566
DOCU	Docusign, Inc.	+845	1,196	$86,219
NTNX	Nutanix, Inc.	+819	4,059	$301,949
TAL	TAL Education Group	+734	16,432	$184,038
MDB	MongoDB, Inc.	+620	1,916	$594,688
COO	Cooper Companies, Inc.	+458	2,550	$174,828
LHX	L3harris Technologies, Inc. /De/	+433	667	$203,708
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
EQX	Equinox Gold Corp.	−1,353,193	10,276	$115,296
NVDA	Nvidia Corp	−890,531	354,566	$66,154,924
UUUU	Energy Fuels Inc	−750,303	3,400	$52,190
AAPL	Apple Inc.	−496,424	207,085	$52,730,053
AMZN	Amazon Com Inc	−391,056	134,878	$29,615,162
MSFT	Microsoft Corp	−250,090	99,347	$51,456,778
FAST	Fastenal Co	−180,814	45,913	$2,251,573
NEM	NEWMONT Corp /DE/	−172,958	42,557	$3,587,980
CMG	Chipotle Mexican Grill Inc	−167,175	41,764	$1,636,731
AVGO	Broadcom Inc.	−156,571	65,895	$21,739,419
SNEX	StoneX Group Inc.	−153,301	1,295	$87,127
CPRT	Copart Inc	−151,605	16,305	$733,235
GOOGL	Alphabet Inc.	−144,260	53,943	$13,113,543
DAR	Darling Ingredients Inc.	−129,254	1,157	$35,716
APH	Amphenol Corp /De/	−128,057	11,233	$1,390,083
HBAN	Huntington Bancshares Inc /Md/	−121,984	78,611	$1,357,611
FIS	Fidelity National Information Services, Inc.	−117,578	16,221	$1,069,612
UBER	Uber Technologies, Inc	−110,504	29,600	$2,899,912
ABT	Abbott Laboratories	−104,215	10,818	$1,448,962
PCG	PG&E Corp	−99,516	94,583	$1,426,311
EXC	Exelon Corp	−95,482	35,316	$1,589,573
BRO	Brown & Brown, Inc.	−94,713	1,453	$136,276
CCO	Clear Channel Outdoor Holdings, Inc.	−92,890	71,330	$112,701
ENB	Enbridge Inc	−92,515	112,346	$5,668,979
AEM	Agnico Eagle Mines Ltd	−92,400	22,427	$3,780,295
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
PENG	Penguin Solutions, Inc.	2,798	$73,531
UNIT	Uniti Group Inc.	8,168	$49,988
AUGO	Aura Minerals Inc.	1,149	$42,754
OLLI	Ollie's Bargain Outlet Holdings, Inc.	290	$37,236
G	Genpact LTD	781	$32,716
VZLA	Vizsla Silver Corp.	4,846	$20,934
AHR	American Healthcare REIT, Inc.	422	$17,728
FTAI	FTAI Aviation Ltd.	84	$14,016
SSB	SouthState Bank Corp	125	$12,358
CELH	Celsius Holdings, Inc.	165	$9,485
SLSR	Solaris Resources Inc.	1,356	$8,637
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DHT	DHT Holdings, Inc.	608,258	$6,575,268
BEPC	Brookfield Renewable Corp	168,616	$5,527,232
MP	MP Materials Corp. / DE	157,261	$5,232,073
HAPN	Happen, Inc.	384,137	$4,621,168
BNTX	BioNTech SE	40,610	$4,323,746
AGCO	Agco Corp /De	35,445	$3,656,506
PAYO	Payoneer Global Inc.	511,789	$3,505,754
AIZ	Assurant, Inc.	17,011	$3,359,502
U	Unity Software Inc.	130,577	$3,159,963
SRE	Sempra	38,789	$2,939,042
APG	APi Group Corp	76,825	$2,614,608
OVV	Ovintiv Inc.	62,604	$2,382,082
SLAB	Silicon Laboratories Inc.	16,018	$2,360,412
UEC	Uranium Energy Corp	338,267	$2,300,215
BN	BROOKFIELD Corp /ON/	53,329	$2,198,930
LEGH	Legacy Housing Corp	71,653	$1,623,656
ROL	Rollins Inc	23,213	$1,309,677
LKQ	Lkq Corp	34,651	$1,282,433
GIL	Gildan Activewear Inc.	25,998	$1,280,141
CNQ	CANADIAN NATURAL RESOURCES Ltd	38,072	$1,195,460
AVTR	Avantor, Inc.	86,226	$1,160,601
MPC	Marathon Petroleum Corp	6,894	$1,145,162
SPG	Simon Property Group Inc.	6,217	$999,444
EVRG	Evergy, Inc.	14,309	$986,319
CAG	Conagra Brands Inc.	47,638	$975,149
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,152 positions · $932,877,752 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,152 positions by value · page 1 of 24

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	354,566	-890,531	$66,154,924	−66.4%	7.09%
AAPL	Apple Inc. Technology	Reduced	207,085	-496,424	$52,730,053	−63.5%	5.65%
MSFT	Microsoft Corp Technology	Reduced	99,347	-250,090	$51,456,778	−70.4%	5.52%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	134,878	-391,056	$29,615,162	−74.3%	3.17%
AVGO	Broadcom Inc. Technology	Reduced	65,895	-156,571	$21,739,419	−64.5%	2.33%
META	Meta Platforms, Inc. Communication Services	Reduced	27,838	-84,755	$20,443,670	−75.4%	2.19%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	39,165	-86,210	$17,417,458	−56.3%	1.87%
GOOGL	Alphabet Inc. Communication Services	Reduced	53,943	-144,260	$13,113,543	−62.5%	1.41%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	30,326	-56,685	$9,565,730	−62.1%	1.03%
LLY	ELI LILLY & Co Healthcare	Reduced	12,193	-32,044	$9,303,259	−73.0%	1.00%
V	Visa Inc. Financial Services	Reduced	26,381	-86,089	$9,005,945	−77.4%	0.97%
MA	Mastercard Inc Financial Services	Reduced	15,332	-44,503	$8,720,994	−74.1%	0.93%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	8,600	-30,239	$7,960,418	−79.3%	0.85%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	19,211	-28,964	$7,784,105	−55.9%	0.83%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	14,078	-57,469	$7,077,573	−79.6%	0.76%
ENB	Enbridge Inc Energy	Reduced	112,346	-92,515	$5,668,979	−38.9%	0.61%
IBM	International Business Machines Corp Technology	Reduced	18,862	-9,644	$5,322,101	−36.7%	0.57%
ABBV	AbbVie Inc. Healthcare	Reduced	22,295	-28,785	$5,162,184	−45.6%	0.55%
UNH	Unitedhealth Group Inc Healthcare	Reduced	14,761	-52,151	$5,096,973	−75.6%	0.55%
PLTR	Palantir Technologies Inc. Technology	Reduced	27,899	-2,960	$5,089,335	+21.0%	0.55%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	32,591	-19,334	$5,007,607	−39.5%	0.54%
GE	General Electric Co Industrials	Reduced	16,604	-17,928	$4,994,815	−43.8%	0.54%
ORCL	Oracle Corp Technology	Reduced	17,723	-21,163	$4,984,416	−41.4%	0.53%
INTU	Intuit Inc. Technology	Reduced	7,046	-17,461	$4,811,783	−75.1%	0.52%
AMAT	Applied Materials Inc /De Technology	Reduced	22,285	-45,480	$4,562,630	−63.2%	0.49%
BR	Broadridge Financial Solutions, Inc. Technology	Reduced	17,999	-12,070	$4,286,821	−41.3%	0.46%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	17,050	-43,851	$4,210,497	−74.1%	0.45%
TD	Toronto Dominion Bank Financial Services	Reduced	50,693	-24,600	$4,052,905	−26.7%	0.43%
AMD	Advanced Micro Devices Inc Technology	Reduced	24,539	-46,570	$3,970,164	−60.7%	0.43%
KO	Coca Cola Co Consumer Defensive	Reduced	59,842	-46,178	$3,968,721	−47.1%	0.43%
SPGI	S&P Global Inc. Financial Services	Reduced	8,498	-22,645	$3,913,019	−74.8%	0.42%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	15,444	-12,164	$3,881,231	−36.6%	0.42%
AXP	American Express Co Financial Services	Reduced	11,608	-20,868	$3,855,713	−62.8%	0.41%
CSCO	Cisco Systems, Inc. Technology	Reduced	55,576	-21,658	$3,802,509	−29.0%	0.41%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	22,427	-92,400	$3,780,295	−72.3%	0.41%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	23,116	-39,966	$3,749,415	−67.4%	0.40%
UNP	Union Pacific Corp Industrials	Reduced	15,387	-16,779	$3,637,025	−50.9%	0.39%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	21,510	-14,719	$3,624,004	−45.5%	0.39%
QCOM	Qualcomm Inc/De Technology	Reduced	21,627	-20,392	$3,597,867	−46.2%	0.39%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	42,557	-172,958	$3,587,980	−71.4%	0.38%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	26,705	-7,884	$3,529,599	−2.5%	0.38%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	31,624	-54,965	$3,510,264	−63.4%	0.38%
ADP	Automatic Data Processing Inc Technology	Reduced	11,719	-15,388	$3,439,526	−58.9%	0.37%
VZ	Verizon Communications Inc Communication Services	Reduced	76,048	-39,970	$3,342,309	−33.4%	0.36%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	7,442	-24,907	$3,328,285	−81.1%	0.36%
MCO	Moodys Corp /De/ Financial Services	Reduced	6,949	-30,239	$3,311,059	−82.2%	0.35%
MRK	Merck & Co., Inc. Healthcare	Reduced	39,209	-42,465	$3,290,811	−49.1%	0.35%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	10,663	-2,635	$3,240,379	−16.6%	0.35%
MU	Micron Technology Inc Technology	Reduced	19,093	-24,593	$3,194,640	−40.7%	0.34%
HON	Honeywell International Inc Industrials	Reduced	15,179	-14,501	$3,158,341	−53.8%	0.34%