Which funds own SHEL
Shell PLC in the Q2 2026 filings. At least 10 of the 91 current managers on file reported a position, worth $8.2bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 10
- at least, of 91 current
- Combined value
- $8.2bn
- as reported
- Opened
- 3
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 4
- 0 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $6.8bn | 0.3% | 87,332,346 | -$2.3bn-10,285,492 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $522m | 0.2% | 6,727,122 | -$148m-469,278 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $241m | 0.1% | 3,105,170 | -$18m+324,873 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $209m | 0.3% | 2,695,452 | opened2,695,452 | New |
| Holocene Advisors LP Long/short equity · $44.4bn book | $204m | 0.5% | 2,633,066 | opened2,633,066 | New |
| Bridgewater Associates LP Macro · $24.4bn book | $118m | 0.5% | 1,526,163 | +$89m+1,214,006 | Added |
| First Eagle Investment Management LLC Activist · $60.8bn book | $83m | 0.1% | 1,073,265 | -$15m+16,244 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $45m | 0.2% | 579,179 | opened579,179 | New |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $36m | 0.2% | 464,889 | -$13m-64,140 | Trimmed |
| Dodge & Cox Activist · $191bn book | $4.2m | 0.0% | 54,269 | -$900k-725 | Trimmed |
Ownership through time
At least 17 of the 95 managers whose filings are on file listed SHEL in Q2 2026, against 18 in Q1 2022. 3 managers more than in Q1 2026: 4 started positions; 1 listed it again; 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q1 2022: 18
- Q2 2022: 19
- Q3 2022: 15
- Q4 2022: 17
- Q1 2023: 15
- Q2 2023: 19
- Q3 2023: 17
- Q4 2023: 18
- Q1 2024: 20
- Q2 2024: 18
- Q3 2024: 20
- Q4 2024: 20
- Q1 2025: 21
- Q2 2025: 15
- Q3 2025: 12
- Q4 2025: 12
- Q1 2026: 14
- Q2 2026: 17
- Q1 2022: $3.5bn
- Q2 2022: $3.5bn
- Q3 2022: $2.9bn
- Q4 2022: $3.1bn
- Q1 2023: $3.4bn
- Q2 2023: $3.9bn
- Q3 2023: $4.7bn
- Q4 2023: $5.3bn
- Q1 2024: $5.9bn
- Q2 2024: $7.1bn
- Q3 2024: $7.3bn
- Q4 2024: $8.1bn
- Q1 2025: $10.0bn
- Q2 2025: $9.2bn
- Q3 2025: $8.8bn
- Q4 2025: $9.2bn
- Q1 2026: $12.2bn
- Q2 2026: $10.0bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Renaissance Technologies LLCnew: 2,695,452 shares+$209m
- Holocene Advisors LPnew: 2,633,066 shares+$204m
- Citadel Advisors LLC2,266,451 to 3,886,862 shares+$126m
- Bridgewater Associates LP312,157 to 1,526,163 shares+$94m
- Point72 Asset Management LPnew: 676,603 shares+$52m
Largest decreases, by shares
- Fidelity (FMR LLC)97,617,838 to 87,332,346 shares-$798m
- T. Rowe Price Associates Inc10,568,968 to 9,835,553 shares-$57m
- Wellington Management Group LLP6,363,355 to 5,732,160 shares-$49m
- Arrowstreet Capital LP7,196,400 to 6,727,122 shares-$36m
- Verition Fund Management LLC529,029 to 464,889 shares-$5.0m
Left it
No manager on file is shown leaving it.
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Walleye Capital LLC · calls$34m notional
What SHEL is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around SHEL →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
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