Chipotle Mexican Grill, Inc.
US ˙ NYSE ˙ US1696561059

SecurityCMG / Chipotle Mexican Grill, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership41,764 shares
Latest Disclosed Value $ 1,637
Shell Asset Management Co reports 80.01% decrease in ownership of CMG / Chipotle Mexican Grill, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 41,764 shares of Chipotle Mexican Grill, Inc. (US:CMG) valued at $1,636,731 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 208,939 shares of Chipotle Mexican Grill, Inc.. This represents a change in shares of -80.01% during the quarter. The current value of the position is $1,176,910 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 41,764 -167,175 -80.01 2 -90.91 0.1644
2025-07-23 2025-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 208,939 27,373 15.08 12 22.22 0.4051
2025-05-14 2025-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 181,566 -48,992 -21.25 9 -30.77 0.4328
2025-02-14 2024-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 230,558 -760 -0.33 14 0.00 0.6074
2024-11-07 2024-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 231,318 -3,132 -1.34 13 -7.14 0.5867
2024-07-25 2024-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 234,450 229,405 4,547.18 15 27.27 0.6688
2024-02-14 2023-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 5,045 -1,875 -27.10 12 -8.33 0.5329
2023-11-08 2023-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 6,920 15 0.22 13 -14.29 0.5238
2023-07-28 2023-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 6,905 -174 -2.46 15 16.67 0.5825
2023-05-15 2023-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,079 -5 -0.07 12 33.33 0.5019
2023-02-07 2022-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,084 -1,384 -16.34 10 -99.93 0.4305
2022-11-14 2022-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 8,468 -2,298 -21.34 12,725 -9.59 0.4959
2022-08-09 2022-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,766 -458 -4.08 14,074 -20.74 0.4163
2022-05-04 2022-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 11,224 742 7.08 17,757 -3.10 0.4191
2022-02-09 2021-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,482 -145 -1.36 18,325 -5.13 0.3760
2021-11-04 2021-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,627 615 6.14 19,315 24.44 0.4336
2021-08-12 2021-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,012 5,108 104.16 15,522 122.76 0.3009
2021-05-10 2021-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,904 2,676 120.11 6,968 125.50 0.1394
2021-02-16 2020-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,228 774 53.23 3,090 70.91 0.0638
2020-11-13 2020-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,454 85 6.21 1,808 25.47 0.0420
2020-08-10 2020-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,369 -353 -20.50 1,441 27.86 0.0360
2020-05-11 2020-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,722 -261 -13.16 1,127 -32.11 0.0314
2020-02-13 2019-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,983 300 17.83 1,660 17.31 0.0358
2019-11-12 2019-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,683 0 0.00 1,415 14.76 0.0323
2019-08-12 2019-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,683 -95 -5.34 1,233 -2.38 0.0273
2019-05-09 2019-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,778 0 0.00 1,263 64.45 0.0278
2019-02-13 2018-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,778 0 0.00 768 -4.95 0.0191
2018-11-13 2018-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,778 -64 -3.47 808 1.64 0.0159
2018-08-10 2018-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,842 520 39.33 795 86.18 0.0163
2018-05-14 2018-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,322 88 7.13 427 19.61 0.0085
2018-02-09 2017-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,234 -217 -14.96 357 -20.13 0.0071
2017-10-20 2017-09-30 13F/A-1 CHIPOTLE MEXICAN GRILL COM 169656105 1,451 -829 -36.36 447 -52.90 0.0099
2017-10-18 2017-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,258 4,978 4,838
2017-07-26 2017-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,280 -68 -2.90 949 -9.27 0.0236
2017-04-26 2017-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,348 -146 -5.85 1,046 11.16 0.0267
2017-01-10 2016-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,494 -2,097 -45.68 941 -51.59 0.0254
2016-10-28 2016-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,591 -761 -14.22 1,944 -9.83 0.0465
2016-07-25 2016-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 5,352 -1,738 -24.51 2,156 -35.43 0.0500
2016-05-11 2016-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,090 -324 -4.37 3,339 -6.16 0.0800
2016-02-05 2015-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,414 156 2.15 3,558 -26.46 0.0840
2015-10-13 2015-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,258 -80 -1.09 4,838 8.99 0.0767
2015-07-30 2015-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,338 -1,086 -12.89 4,439 -19.00 0.0888
2015-05-07 2015-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 8,424 8,424 0.00 5,480 0.0954
2015-02-04 2014-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 0 -7,258 -100.00 0 -100.00
2014-10-24 2014-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,258 369 5.36 4,838 18.52 0.0751
2014-08-08 2014-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 6,889 -505 -6.83 4,082 -2.81 0.0629
2014-05-07 2014-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,394 343 4.86 4,200 11.79 0.0698
2014-02-03 2013-12-31 13F/A-1 CHIPOTLE MEXICAN GRILL COM 169656105 7,051 -1,354 -16.11 3,757 4.25 0.0639
2014-01-27 2013-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 7,051 3,757
2013-10-28 2013-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 8,405 329 4.07 3,604 22.50 0.0662
2013-08-01 2013-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 8,076 8,076 2,942 0.0560
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.