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Which Institutions Have Bought or Sold Shell Stock in Q4?

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Feb. 22 2019, Updated 3:31 p.m. ET

Institutional holdings in Shell

In the previous article, we reviewed Royal Dutch Shell’s (RDS.A) dividend yield trend, which has risen to 6.0%. Now, let’s look at which institutions bought or sold Shell in the fourth quarter based on their latest filings.

US institutional holdings in Shell stand at ~10%. The level of institutional holdings suggests the confidence level or sentiment sophisticated market participants have in a stock. Usually, with all else being equal, rising institutional holdings indicate favorable opinions about a stock.

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Changes in institutional holdings in Shell

In the fourth quarter, as per the latest filings, Franklin Advisers, Fisher Investments, and Fidelity Management & Research Company increased their holdings in Shell. However, Thornburg Investment Management reduced its holdings in Shell stock in the fourth quarter. These institutions are the top four holders of Shell stock.

All the next six top holders—Boston Partners, Wellington Management Company, Dimensional Fund Advisors, Invesco Advisers, Pzena Investment Management, and Hotchkis & Wiley Capital Management—reduced their holdings in Shell stock in the quarter. Thus, seven of the top ten institutional holders of Shell lowered their holdings in the stock in the period.

If we consider these share changes in terms of filing dates over the past six months, then Fisher Investments was the top buyer, and Arrowstreet Capital was the top seller of Shell stock.

Peers’ institutional holdings

US institutional holdings in BP (BP) are marginally higher than they are in Shell. US institutional holdings in BP stand at ~13%. However, holdings in Chevron (CVX) and ExxonMobil (XOM) stand even higher at ~67% and ~56%, respectively.

In the next article, we’ll evaluate the changes in Shell’s short interest.

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