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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
Fidelity Investments
1
Fidelity Investments
Massachusetts
$6.85B +$476M +7,066,257 +8%
Fisher Asset Management
2
Fisher Asset Management
Washington
$1.87B +$38.7M +574,265 +2%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$1.71B +$30.4M +451,233 +2%
Eagle Capital Management (New York)
4
Eagle Capital Management (New York)
New York
$1.15B +$62.4M +926,194 +6%
Morgan Stanley
5
Morgan Stanley
New York
$752M +$4.55M +67,598 +0.7%
Bank of America
6
Bank of America
North Carolina
$627M -$23.3M -345,815 -4%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$578M -$6.34M -94,069 -1%
Hotchkis & Wiley Capital Management
8
Hotchkis & Wiley Capital Management
California
$545M -$73.5M -1,090,394 -13%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$532M +$23.8M +352,569 +5%
Capital World Investors
10
Capital World Investors
California
$512M +$471M +6,990,978 New
BlackRock
11
BlackRock
New York
$492M -$53.6M -795,063 -11%
OAG
12
Orbis Allan Gray
Bermuda
$473M -$13.9M -206,174 -3%
D.E. Shaw & Co
13
D.E. Shaw & Co
New York
$447M -$78M -1,157,271 -16%
Franklin Resources
14
Franklin Resources
California
$442M +$649K +9,640 +0.2%
SI
15
Standard Investments
New York
$402M
Goldman Sachs
16
Goldman Sachs
New York
$387M +$42.6M +632,198 +14%
Mawer Investment Management
17
Mawer Investment Management
Alberta, Canada
$361M -$14.6M -215,986 -4%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$284M -$5.7M -84,643 -2%
Pzena Investment Management
19
Pzena Investment Management
New York
$263M +$1.01M +15,043 +0.4%
HL
20
Harding Loevner
New Jersey
$246M +$4.56M +67,681 +2%
Northern Trust
21
Northern Trust
Illinois
$239M +$10.7M +158,915 +5%
WD
22
WGI DM
Massachusetts
$234M +$215M +3,192,222 New
Jennison Associates
23
Jennison Associates
New York
$220M -$2.58M -38,241 -1%
Raymond James Financial
24
Raymond James Financial
Florida
$217M +$101M +1,501,866 +103%
Rockefeller Capital Management
25
Rockefeller Capital Management
New York
$213M +$28M +415,048 +17%

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.