Gabalex Capital Management’s Royal Dutch Shell PLC ADS Class B RDS.B Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2022 Q1	–	Sell	-250,000	Closed	-$10.8M	–	18
2021 Q4	$10.8M	Hold	250,000	–	–	4.6%	13
2021 Q3	$11.1M	Hold	250,000	–	–	5.12%	12
2021 Q2	$9.71M	Buy	250,000 +150,000	+150%	+$5.82M	4.57%	13
2021 Q1	$3.68M	Buy	100,000 +5,947	+6%	+$219K	1.86%	21
2020 Q4	$3.16M	Sell	94,053 -155,947	-62%	-$5.24M	1.71%	20
2020 Q3	$6.06M	Hold	250,000	–	–	1.69%	21
2020 Q2	$7.61M	Sell	250,000 -75,000	-23%	-$2.28M	2.4%	19
2020 Q1	$10.6M	Sell	325,000 -50,000	-13%	-$1.63M	3.66%	13
2019 Q4	$22.5M	Sell	375,000 -200,000	-35%	-$12M	5.89%	5
2019 Q3	$34.4M	Buy	575,000 +50,000	+10%	+$3M	9.29%	3
2019 Q2	$34.5M	Hold	525,000	–	–	9%	4
2019 Q1	$33.6M	Hold	525,000	–	–	9.7%	2
2018 Q4	$31.5M	Buy	525,000 +50,000	+11%	+$3M	9.85%	2
2018 Q3	$33.7M	Hold	475,000	–	–	9.23%	1
2018 Q2	$34.5M	Sell	475,000 -25,000	-5%	-$1.82M	10.15%	1
2018 Q1	$32.8M	Buy	500,000 +75,000	+18%	+$4.91M	9.88%	2
2017 Q4	$29M	Buy	425,000 +50,000	+13%	+$3.41M	8.34%	4
2017 Q3	$23.5M	Hold	375,000	–	–	7.25%	6
2017 Q2	$20.4M	Hold	375,000	–	–	6.61%	6
2017 Q1	$20.9M	Hold	375,000	–	–	6.53%	8
2016 Q4	$21.7M	Buy	375,000 +125,000	+50%	+$7.25M	7.34%	6
2016 Q3	$13.2M	Hold	250,000	–	–	4.63%	13
2016 Q2	$14M	Hold	250,000	–	–	5.1%	12
2016 Q1	$12.3M	Sell	250,000 -50,000	-17%	-$2.46M	4.26%	14
2015 Q4	$13.8M	Buy	+300,000	New	+$13.8M	5.31%	11