L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
31
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
128,003,671
combined, among listed positions
Reported value
$9.4bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -988,772.

Managers listing SHEL in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

31 of 31 holders

ActionFiling
Fidelity (FMR LLC)98,411,280$7.2bn0.37%Added+2,271,14317 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc8,531,869$627m0.07%Added+4,59717 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.6,778,431$498m0.27%Added+652,05317 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP6,665,709$490m0.09%Trimmed-157,31617 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP1,003,577$74m0.27%Trimmed-115,72813 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC881,376$65m0.10%Trimmed-144,31812 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC873,572$64m0.11%Added+205,2284 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP809,258$59munder 0.1%Trimmed-69,67917 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors773,911$57munder 0.1%Added+30111 Feb 2026 (the filing on sec.gov)
Invesco Ltd727,565$53munder 0.1%Trimmed-13,49619 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC520,947$38m0.15%Added+3,21813 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC390,598$29munder 0.1%Added+331,55812 Feb 2026 (the filing on sec.gov)
Millennium Management LLC372,195$27munder 0.1%Trimmed-158,77917 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC372,092$27munder 0.1%Trimmed-108,70227 Oct 2026 (the filing on sec.gov)
Two Sigma Advisers LP210,700$15munder 0.1%Added+70,30017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC135,507$10.0munder 0.1%Trimmed-2,171,27617 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC88,153$6.5munder 0.1%Added+22,27417 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP80,000$5.9m0.08%Newnew17 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC74,925$5.5munder 0.1%Added+19,12517 Feb 2026 (the filing on sec.gov)
Capital World Investors57,040$4.2munder 0.1%Added+1,18511 Feb 2026 (the filing on sec.gov)
Dodge & Cox55,194$4.1munder 0.1%Trimmed-72513 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC48,251$3.5munder 0.1%Added+39,58710 Feb 2026 (the filing on sec.gov)
Man Group PLC42,519$3.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC30,681$2.3munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP29,296$2.2munder 0.1%Added+9,02817 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 17 in Q2 2026

Tracked managers listing it, at least.

010203020222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SHEL by quarter
QuarterHoldersReported valueBuyersSellers
Q1 202218$3.5bnn.a.n.a.
Q2 202219$3.5bnn.a.n.a.
Q3 202215$2.9bnn.a.n.a.
Q4 202217$3.1bnn.a.n.a.
Q1 202315$3.4bnn.a.n.a.
Q2 202319$3.9bnn.a.n.a.
Q3 202317$4.7bnn.a.n.a.
Q4 202318$5.3bn127
Q1 202420$5.9bn148
Q2 202418$7.1bn910
Q3 202420$7.3bn137
Q4 202420$8.1bn109
Q1 202521$10.0bn913
Q2 202515$9.2bn97
Q3 202512$8.8bn68
Q4 202512$9.2bn1718
Q1 202614$12.2bn1417
Q2 202617$10.0bn2013

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

SHEL and GEV →SHEL and XOM →SHEL and CVX →Choose a stock to compare with SHEL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own SHEL, latest filings →Back to the 13F Explorer →