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1,413 hedge funds and large institutions have $28.6B invested in Shell in 2025 Q1 according to their latest regulatory filings, with 147 funds opening new positions, 514 increasing their positions, 479 reducing their positions, and 92 closing their positions.

New
Increased
Maintained
Reduced
Closed

87% more call options, than puts

Call options by funds: $993M | Put options by funds: $530M

60% more first-time investments, than exits

New positions opened: 147 | Existing positions closed: 92

27% more funds holding in top 10

Funds holding in top 10: 2228 (+6)

15% more capital invested

Capital invested by funds: $24.8B → $28.6B (+$3.81B)

2% more funds holding

Funds holding: 1,3801,413 (+33)

7% more repeat investments, than reductions

Existing positions increased: 514 | Existing positions reduced: 479

0.27% more ownership

Funds ownership: 6.2%6.47% (+0.27%)

Holders
1,413
Holders Change
+33
Holders Change %
+2.39%
% of All Funds
18.95%
Holding in Top 10
28
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+27.27%
% of All Funds
0.38%
New
147
Increased
514
Reduced
479
Closed
92
Calls
$993M
Puts
$530M
Net Calls
+$463M
Net Calls Change
-$58M
Name Holding Trade Value Shares
Change
Change in
Stake
GQG Partners
26
GQG Partners
Florida
$210M +$193M +2,861,235 +42,743%
UBS Group
27
UBS Group
Switzerland
$190M -$54.1M -803,393 -24%
BIP
28
Brandes Investment Partners
California
$183M +$67.7M +1,004,609 +67%
N
29
Nuveen
North Carolina
$180M +$14.7M +218,084 +10%
MIM
30
Merewether Investment Management
Texas
$175M +$8M +118,809 +5%
Wells Fargo
31
Wells Fargo
California
$173M -$1.24M -18,407 -0.8%
ECP
32
Empyrean Capital Partners
California
$169M
Lord, Abbett & Co
33
Lord, Abbett & Co
New Jersey
$153M -$39.8M -591,384 -22%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$146M -$3.44M -51,081 -3%
Citadel Advisors
35
Citadel Advisors
Florida
$140M +$85.3M +1,266,917 +196%
Voloridge Investment Management
36
Voloridge Investment Management
Florida
$138M -$106M -1,578,647 -46%
Millennium Management
37
Millennium Management
New York
$138M -$236M -3,502,836 -65%
State Farm Mutual Automobile Insurance
38
State Farm Mutual Automobile Insurance
Illinois
$136M
Stifel Financial
39
Stifel Financial
Missouri
$133M +$2.17M +32,249 +2%
JP Morgan Chase
40
JP Morgan Chase
New York
$130M -$14.1M -209,960 -11%
Amundi
41
Amundi
France
$130M -$26.6M -394,842 -17%
Chevy Chase Trust
42
Chevy Chase Trust
Maryland
$126M -$2.27M -33,663 -2%
MIP
43
Mondrian Investment Partners
United Kingdom
$121M -$597K -8,862 -0.5%
Holocene Advisors
44
Holocene Advisors
New York
$120M +$6.42M +95,364 +6%
Mackenzie Financial
45
Mackenzie Financial
Ontario, Canada
$96.4M +$2.81M +41,663 +3%
SAM
46
Silvercrest Asset Management
New York
$95.1M -$5.6M -83,173 -6%
Natixis Advisors
47
Natixis Advisors
Massachusetts
$93.4M +$1.99M +29,614 +2%
VanEck Associates
48
VanEck Associates
New York
$91.9M -$1.73M -25,699 -2%
Deutsche Bank
49
Deutsche Bank
Germany
$89.2M +$78.3M +1,161,709 +2,097%
TAM
50
Todd Asset Management
Kentucky
$88.9M -$87K -1,291 -0.1%

SHEL Hedge Fund Activity: Q1 2025 in Review

1,413 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Shell (SHEL) for Q1 2025, worth a combined $28.6B — up 15% from $24.8B a quarter earlier.

Buyers outnumbered sellers: 147 funds opened new SHEL positions and 92 closed out — a net gain of 55 holders — while 514 added to existing stakes and 479 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $476M. The largest seller was Millennium Management, cutting an estimated $236M.

  • 1,413 institutional investors held Shell (SHEL) as of Q1 2025, up from 1,380 in Q4 2024.
  • Funds reported $28.6B of Shell stock for Q1 2025, up 15% quarter-over-quarter.
  • 147 funds opened new Shell positions in Q1 2025 and 92 closed out, a net change of +55 holders.
  • The largest Shell buyer in Q1 2025 was Fidelity Investments, an estimated $476M added.
  • The largest Shell seller in Q1 2025 was Millennium Management, an estimated $236M sold.

Based on aggregated 13F filings for Q1 2025.