SHELL PLC SHEL
SPON ADS · ADR · CUSIP 780259305 · ISIN US7802593050
British multinational oil and gas company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($114.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $92.92. Options: 34 managers hold calls ($1.4bn notional), 29 hold puts ($769.2m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,101 |
| Q4 2022 | 1,185 |
| Q1 2023 | 1,195 |
| Q2 2023 | 1,206 |
| Q3 2023 | 1,267 |
| Q4 2023 | 1,316 |
| Q1 2024 | 1,345 |
| Q2 2024 | 1,388 |
| Q3 2024 | 1,355 |
| Q4 2024 | 1,382 |
| Q1 2025 | 1,420 |
| Q2 2025 | 1,397 |
| Q3 2025 | 1,393 |
| Q4 2025 | 1,455 |
| Q1 2026 | 1,596 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 607 | 520 |
| Q3 2024 | 560 | 599 |
| Q4 2024 | 498 | 640 |
| Q1 2025 | 646 | 571 |
| Q2 2025 | 588 | 609 |
| Q3 2025 | 585 | 584 |
| Q4 2025 | 618 | 552 |
| Q1 2026 | 751 | 599 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.1bn | $475.3m | 0.42 |
| Q3 2025 | $1.1bn | $434.6m | 0.40 |
| Q4 2025 | $924.9m | $465.1m | 0.50 |
| Q1 2026 | $1.4bn | $769.2m | 0.57 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +7.2m |
| Orbis Allan Gray Ltd | Added | +2.6m |
| CITADEL ADVISORS LLC | Added | +2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| BANK OF MONTREAL /CAN/ | Added | +2.0m |
| Tidal Investments LLC | Added | +1.2m |
| MILFORD FUNDS LTD | Added | +1.2m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.2m |
| DIMENSIONAL FUND ADVISORS LP | Added | +999.3k |
| FRANKLIN RESOURCES INC | Added | +946.7k |
Biggest sellers
| D. E. Shaw & Co., Inc. | Reduced | -4.0m |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -2.5m |
| BlackRock, Inc. | Reduced | -2.1m |
| Nuveen, LLC | Reduced | -1.1m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.1m |
| Mawer Investment Management Ltd. | Reduced | -954.8k |
| Standard Investments LLC | Reduced | -914.0k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -881.4k |
| FMR LLC | Reduced | -793.4k |
| LORD, ABBETT & CO. LLC | Reduced | -733.3k |
Biggest calls
| Optiver Holding B.V. | Added | $263.3m2.8m shares |
| CITADEL ADVISORS LLC | Added | $244.2m2.6m shares |
| PEAK6 LLC | Added | $139.1m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $129.1m1.4m shares |
| GROUP ONE TRADING LLC | Added | $104.1m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $86.3m928.0k shares |
| IMC-Chicago, LLC | Added | $57.9m622.7k shares |
| Walleye Trading LLC | Added | $50.2m540.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $48.5m521.5k shares |
| GOLDMAN SACHS GROUP INC | Added | $40.7m437.8k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $178.4m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $100.9m1.1m shares |
| CITADEL ADVISORS LLC | Added | $88.0m946.0k shares |
| PEAK6 LLC | Added | $70.3m756.0k shares |
| UBS Group AG | Added | $41.4m445.3k shares |
| Squarepoint Ops LLC | Added | $39.8m428.2k shares |
| JANE STREET GROUP, LLC | Added | $36.6m394.0k shares |
| Walleye Trading LLC | Reduced | $25.2m271.0k shares |
| LOGAN CAPITAL MANAGEMENT INC | New | $21.7m233.6k shares |
| GROUP ONE TRADING LLC | Added | $20.8m223.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.48% of their portfolio | 97.6m $9.1bn | Reduced -793.4k |
| Fisher Asset Management, LLC 0.87% of their portfolio | 27.5m $2.6bn | Added +331.9k |
| DIMENSIONAL FUND ADVISORS LP 0.48% of their portfolio | 24.7m $2.3bn | Added +999.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 10.6m $982.9m | Added +2.0m |
| MORGAN STANLEY 0.05% of their portfolio | 9.7m $899.7m | Added +124.9k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 7.6m $703.3m | Reduced -268.2k |
| FRANKLIN RESOURCES INC 0.17% of their portfolio | 7.3m $681.0m | Added +946.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.36% of their portfolio | 7.2m $669.3m | New |
| Mawer Investment Management Ltd. 4.29% of their portfolio | 7.1m $662.2m | Reduced -954.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 6.4m $591.8m | Reduced -302.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.77% of their portfolio | 6.1m $571.6m | Reduced -170.0k |
| BlackRock, Inc. 0.01% of their portfolio | 5.4m $500.3m | Reduced -2.1m |
| EAGLE CAPITAL MANAGEMENT LLC 1.66% of their portfolio | 5.3m $493.7m | Reduced -2.5m |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 5.0m $463.1m | Added +40.1k |
| WGI DM, LLC 39.52% of their portfolio | 4.2m $395.0m | Reduced -205.8k |
| Orbis Allan Gray Ltd 1.61% of their portfolio | 4.1m $382.6m | Added +2.6m |
| BANK OF MONTREAL /CAN/ 0.15% of their portfolio | 3.9m $359.2m | Added +2.0m |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 3.8m $350.5m | Reduced -77.0k |
| JENNISON ASSOCIATES LLC 0.22% of their portfolio | 3.4m $320.3m | Reduced -171.0k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 3.3m $309.1m | Added +55.4k |
| PZENA INVESTMENT MANAGEMENT LLC 0.97% of their portfolio | 3.2m $297.3m | Reduced -80.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 2.9m $268.2m | Added +1.2m |
| Harding Loevner LP 2.74% of their portfolio | 2.9m $266.4m | Reduced -163.9k |
| Rockefeller Capital Management L.P. 0.46% of their portfolio | 2.8m $262.1m | Added +42.9k |
| D. E. Shaw & Co., Inc. 0.20% of their portfolio | 2.8m $258.6m | Reduced -4.0m |
| BRANDES INVESTMENT PARTNERS, LP 1.81% of their portfolio | 2.8m $256.0m | Added +135.3k |
| Standard Investments LLC 13.39% of their portfolio | 2.5m $227.8m | Reduced -914.0k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.4m $221.9m | Added +902.8k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 2.3m $210.8m | Added +2.1m |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 2.3m $209.3m | Added +18.6k |
| MILFORD FUNDS LTD 4.31% of their portfolio | 2.2m $205.5m | Added +1.2m |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 2.2m $202.8m | Added +189.0k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 1.9m $180.9m | Added +380.9k |
| UBS Group AG 0.03% of their portfolio | 1.9m $177.8m | Added +627.0k |
| STIFEL FINANCIAL CORP 0.16% of their portfolio | 1.9m $174.0m | Added +9.6k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.14% of their portfolio | 1.9m $172.8m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 1.7m $159.1m | Added +33.3k |
| Chevy Chase Trust Holdings, LLC 0.45% of their portfolio | 1.7m $155.3m | Reduced -13.8k |
| Mondrian Investment Partners LTD 2.24% of their portfolio | 1.6m $149.8m | Reduced -5.7k |
| Tidal Investments LLC 0.45% of their portfolio | 1.5m $143.2m | Added +1.2m |
| Nuveen, LLC 0.04% of their portfolio | 1.4m $134.7m | Reduced -1.1m |
| Connor, Clark & Lunn Investment Management Ltd. 0.31% of their portfolio | 1.4m $133.1m | Reduced -1.1m |
| CIBC Bancorp USA Inc. 0.17% of their portfolio | 1.4m $127.8m | First filing |
| MACKENZIE FINANCIAL CORP 0.14% of their portfolio | 1.3m $117.8m | Added +63.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.79% of their portfolio | 1.2m $110.0m | Reduced -17.0k |
| Empyrean Capital Partners, LP 3.54% of their portfolio | 1.1m $106.2m | Reduced -558.3k |
| LORD, ABBETT & CO. LLC 0.34% of their portfolio | 1.1m $103.5m | Reduced -733.3k |
| EQUITY INVESTMENT CORP 1.96% of their portfolio | 1.1m $100.0m | Added +6.2k |
| First Eagle Investment Management, LLC 0.17% of their portfolio | 1.1m $98.3m | Added +183.4k |
| TODD ASSET MANAGEMENT LLC 1.89% of their portfolio | 1.0m $96.3m | Added +75.1k |
| LPL Financial LLC 0.02% of their portfolio | 906.5k $84.3m | Added +63.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 888.5k $65.3m | Added +79.3k |
| LAZARD ASSET MANAGEMENT LLC 0.14% of their portfolio | 886.1k $82.4m | Added +801.4k |
| NATIXIS ADVISORS, LLC 0.11% of their portfolio | 872.4k $81.1m | Reduced -532.0k |
| Boston Partners 0.08% of their portfolio | 835.5k $77.7m | Added +64.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 823.0k $76.5m | Reduced -22.7k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 809.6k $75.3m | Added +195.0k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 769.8k $71.6m | New |
| Energy Income Partners, LLC 1.11% of their portfolio | 742.1k $69.0m | Reduced -256.7k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 740.2k $68.8m | Reduced -47.2k |
| Capital Research Global Investors 0.01% of their portfolio | 739.5k $68.8m | Reduced -34.4k |
| JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio | 738.4k $68.1m | Added +518.8k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 702.1k $65.3m | Added +9.9k |
| Invesco Ltd. 0.01% of their portfolio | 691.9k $64.3m | Reduced -35.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 683.9k $63.4m | Added +248.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.48% of their portfolio | 670.7k $62.4m | Added +51.0k |
| CITIGROUP INC 0.04% of their portfolio | 653.0k $60.7m | Added +580.7k |
| American Assets Investment Management, LLC 4.11% of their portfolio | 651.0k $60.5m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 605.6k $56.3m | Added +233.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 589.5k $54.8m | Added +17.4k |
| Clark Capital Management Group, Inc. 0.33% of their portfolio | 574.3k $53.4m | New |
| Verition Fund Management LLC 0.48% of their portfolio | 529.0k $49.2m | Added +8.1k |
| Fayez Sarofim & Co 0.13% of their portfolio | 526.1k $48.9m | Reduced -2.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 521.3k $48.5m | Reduced -116.1k |
| PENN DAVIS MCFARLAND INC 4.52% of their portfolio | 497.1k $46.2m | Reduced -4.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 480.0k $44.6m | Added +25.0k |
| HRT FINANCIAL LP 0.15% of their portfolio | 460.7k $42.8m | Added +117.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 459.1k $42.7m | Added +75.7k |
| Creative Planning 0.03% of their portfolio | 455.6k $42.4m | Added +32.8k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 445.6k $41.4m | Reduced -508.2k |
| EVERETT HARRIS & CO /CA/ 0.52% of their portfolio | 432.6k $40.2m | Added +13.3k |
| Cerity Partners LLC 0.06% of their portfolio | 431.7k $40.1m | Added +16.5k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 430.1k $40.0m | Added +85.4k |
| CANTOR FITZGERALD, L. P. 1.44% of their portfolio | 421.6k $39.8m | New |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.84% of their portfolio | 417.8k $38.9m | Added +1.5k |
| Yaupon Capital Management LP 1.89% of their portfolio | 411.8k $38.3m | Reduced -257.0k |
| GABELLI FUNDS LLC 0.25% of their portfolio | 404.2k $37.6m | Reduced -28.3k |
| ABC ARBITRAGE SA 4.92% of their portfolio | 398.5k $37.1m | Added +76.7k |
| LMR Partners LLP 0.34% of their portfolio | 396.0k $36.8m | New |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 388.8k $36.2m | Reduced -1.8k |
| Turas Capital Management LP 9.10% of their portfolio | 383.3k $35.6m | New |
| GREAT LAKES ADVISORS, LLC 0.29% of their portfolio | 377.0k $35.1m | Reduced -206.0k |
| Cetera Investment Advisers 0.04% of their portfolio | 357.4k $33.2m | Added +15.5k |
| Corient Private Wealth LP 0.05% of their portfolio | 356.9k $32.7m | Reduced -392.5k |
| US BANCORP \DE\ 0.04% of their portfolio | 356.9k $33.2m | Added +9.9k |
| CIBC WORLD MARKET INC. 0.06% of their portfolio | 352.4k $32.8m | Added +6.8k |
| CSM Advisors, LLC 0.80% of their portfolio | 349.2k $32.5m | Reduced -54.9k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio | 345.9k $32.2m | Added +15.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 345.1k $32.1m | Reduced -27.1k |
| Quantinno Capital Management LP 0.05% of their portfolio | 343.1k $31.9m | Added +48.7k |