Maximus, Inc.
US ˙ NYSE ˙ US5779331041

SecurityMMS / Maximus, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership657 shares
Latest Disclosed Value $ 60
Shell Asset Management Co reports 63.96% decrease in ownership of MMS / Maximus, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 657 shares of Maximus, Inc. (US:MMS) valued at $60,030 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 1,823 shares of Maximus, Inc.. The current value of the position is $39,512 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 MAXIMUS COM 577933104 657 -1,166 -63.96 0 0.0060
2025-07-23 2025-06-30 13F MAXIMUS COM 577933104 1,823 -200 -9.89 0 0.0044
2025-05-14 2025-03-31 13F MAXIMUS COM 577933104 2,023 -87 -4.12 0 0.0066
2025-02-14 2024-12-31 13F MAXIMUS COM 577933104 2,110 -10 -0.47 0 0.0069
2024-11-07 2024-09-30 13F MAXIMUS COM 577933104 2,120 -123 -5.48 0 0.0087
2024-07-25 2024-03-31 13F MAXIMUS COM 577933104 2,243 -231 -9.34 0 0.0087
2024-02-14 2023-12-31 13F MAXIMUS COM 577933104 2,474 -744 -23.12 0 0.0096
2023-11-08 2023-09-30 13F MAXIMUS COM 577933104 3,218 -50 -1.53 0 0.0099
2023-07-28 2023-06-30 13F MAXIMUS COM 577933104 3,268 -19 -0.58 0 0.0109
2023-05-15 2023-03-31 13F MAXIMUS COM 577933104 3,287 -12 -0.36 0 0.0107
2023-02-07 2022-12-31 13F MAXIMUS COM 577933104 3,299 -670 -16.88 0 -100.00 0.0106
2022-11-14 2022-09-30 13F MAXIMUS COM 577933104 3,969 -1,041 -20.78 230 -26.52 0.0090
2022-08-09 2022-06-30 13F MAXIMUS COM 577933104 5,010 7 0.14 313 -16.53 0.0093
2022-05-04 2022-03-31 13F MAXIMUS COM 577933104 5,003 -741 -12.90 375 -18.12 0.0089
2022-02-09 2021-12-31 13F MAXIMUS COM 577933104 5,744 21 0.37 458 -3.78 0.0094
2021-11-04 2021-09-30 13F MAXIMUS COM 577933104 5,723 -240 -4.02 476 -9.33 0.0107
2021-08-12 2021-06-30 13F MAXIMUS COM 577933104 5,963 320 5.67 525 4.58 0.0102
2021-05-10 2021-03-31 13F MAXIMUS COM 577933104 5,643 -30 -0.53 502 20.96 0.0100
2021-02-16 2020-12-31 13F MAXIMUS COM 577933104 5,673 -1,871 -24.80 415 -19.57 0.0086
2020-11-13 2020-09-30 13F MAXIMUS COM 577933104 7,544 0 0.00 516 -2.82 0.0120
2020-08-10 2020-06-30 13F MAXIMUS COM 577933104 7,544 -106 -1.39 531 19.33 0.0133
2020-05-11 2020-03-31 13F MAXIMUS COM 577933104 7,650 -116 -1.49 445 -23.01 0.0124
2020-02-13 2019-12-31 13F MAXIMUS COM 577933104 7,766 -154 -1.94 578 -5.56 0.0125
2019-11-12 2019-09-30 13F MAXIMUS COM 577933104 7,920 -68 -0.85 612 5.70 0.0140
2019-08-12 2019-06-30 13F MAXIMUS COM 577933104 7,988 -182 -2.23 579 -0.17 0.0128
2019-05-09 2019-03-31 13F MAXIMUS COM 577933104 8,170 8,170 580 0.0128
2018-11-13 2018-09-30 13F MAXIMUS COM 577933104 0 -8,083 -100.00 0 -100.00
2018-08-10 2018-06-30 13F MAXIMUS COM 577933104 8,083 -436 -5.12 502 -11.78 0.0103
2018-05-14 2018-03-31 13F MAXIMUS COM 577933104 8,519 0 0.00 569 -6.72 0.0113
2018-02-09 2017-12-31 13F MAXIMUS COM 577933104 8,519 0 0.00 610 11.11 0.0121
2017-10-20 2017-09-30 13F/A-1 MAXIMUS COM 577933104 8,519 -200 -2.29 549 0.55 0.0122
2017-10-18 2017-09-30 13F MAXIMUS COM 577933104 76,243 67,524 3,060
2017-07-26 2017-06-30 13F MAXIMUS COM 577933104 8,719 0 0.00 546 0.74 0.0135
2017-04-26 2017-03-31 13F MAXIMUS COM 577933104 8,719 8,719 542 0.0138
2017-01-10 2016-12-31 13F MAXIMUS COM 577933104 0 -9,048 -100.00 0 -100.00
2016-10-28 2016-09-30 13F MAXIMUS COM 577933104 9,048 0 0.00 512 2.20 0.0123
2016-07-25 2016-06-30 13F MAXIMUS COM 577933104 9,048 0 0.00 501 5.25 0.0116
2016-05-11 2016-03-31 13F MAXIMUS COM 577933104 9,048 -4,486 -33.15 476 -37.45 0.0114
2016-02-05 2015-12-31 13F MAXIMUS COM 577933104 13,534 -62,709 -82.25 761 -75.13 0.0180
2015-10-13 2015-09-30 13F MAXIMUS COM 577933104 76,243 10,937 16.75 3,060 -28.72 0.0485
2015-07-30 2015-06-30 13F MAXIMUS COM 577933104 65,306 -3,300 -4.81 4,293 -6.27 0.0859
2015-05-07 2015-03-31 13F MAXIMUS COM 577933104 68,606 68,606 0.00 4,580 0.0797
2015-02-04 2014-12-31 13F MAXIMUS COM 577933104 0 -76,243 -100.00 0 -100.00
2014-10-24 2014-09-30 13F MAXIMUS COM 577933104 76,243 5,991 8.53 3,060 1.26 0.0475
2014-08-08 2014-06-30 13F MAXIMUS COM 577933104 70,252 2,687 3.98 3,022 -0.30 0.0466
2014-05-07 2014-03-31 13F MAXIMUS COM 577933104 67,565 -179 -0.26 3,031 1.71 0.0504
2014-02-03 2013-12-31 13F/A-1 MAXIMUS COM 577933104 67,744 8,332 14.02 2,980 11.36 0.0507
2014-01-27 2013-12-31 13F MAXIMUS COM 577933104 67,744 2,980
2013-10-28 2013-09-30 13F MAXIMUS COM 577933104 59,412 27,051 83.59 2,676 11.04 0.0492
2013-08-01 2013-06-30 13F MAXIMUS COM 577933104 32,361 32,361 2,410 0.0459
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.