A magnetic shotgun shell holder is disclosed, including a first half and a second half each configured to retain a plurality of shells therein. A magnetic member is disposed within each of the first half and the second half. The magnetic member retains each of the plurality of shells within the first half and the second half. The magnetic shotgun shell holder is configured to be worn by a user or retained on a shotgun or other object and protects the shells from damage during hunting, transportation, and other shooting activities.