Bell Asset Management Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Bell Asset Management Ltd reported 61 stock positions worth $682.3 million. Its top holding was Alphabet Class A (GOOGL) at 7.0% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Unitedhealth (UNH, 3.8%). Compared with Q4 2023, it sold out of 3, added to 20 and reduced 41. The biggest buy was Starbucks (SBUX, shares +98%) and the biggest sale an exit from Texas Instruments (TXN).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $682.3M (Q1 2024)
- SEC Filing
- 0001012975-24-000202 ↗ filed May 14, 2024
Holdings Value
Holdings 61 stocks · $682.3M
| GOOGL Alphabet Inc. Class A | 7.04% | 318,068 | $48.0M | Reduce -0.0% |
| MSFT Microsoft Corp. | 6.67% | 108,134 | $45.5M | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 3.85% | 53,038 | $26.2M | Add +3.1% |
| PEP Pepsico Inc. | 2.53% | 98,669 | $17.3M | Add +9.4% |
| JNJ Johnson & Johnson | 2.46% | 105,915 | $16.8M | Add +0.0% |
| AON Aon PLC Class A | 2.32% | 47,459 | $15.8M | Add +30.6% |
| SBUX Starbucks Corp. | 2.17% | 161,815 | $14.8M | Add +97.7% |
| FISV Fiserv Inc. | 2.03% | 86,528 | $13.8M | Reduce -0.4% |
| NKE Nike Inc. Class B | 2.00% | 144,952 | $13.6M | Add +78.3% |
| HCA HCA Healthcare Inc. | 1.93% | 39,529 | $13.2M | Reduce -18.5% |
| PCTY Paylocity Holding Corp. | 1.84% | 73,179 | $12.6M | Add +31.4% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.83% | 165,200 | $12.5M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 1.79% | 244,550 | $12.2M | Reduce -0.4% |
| EW Edwards Lifesciences Corp. | 1.78% | 127,340 | $12.2M | Reduce -27.8% |
| KR Kroger Co. | 1.78% | 212,192 | $12.1M | Reduce -0.1% |
| TSCO Tractor Supply Company | 1.72% | 44,937 | $11.8M | Reduce -12.6% |
| ACN Accenture PLC Class A | 1.67% | 32,955 | $11.4M | Add +1.2% |
| KEYS Keysight Technologies Inc. | 1.66% | 72,520 | $11.3M | Add +17.2% |
| G Genpact Ltd. | 1.66% | 343,438 | $11.3M | Reduce -0.0% |
| V Visa Inc. Class A | 1.65% | 40,217 | $11.2M | Reduce -10.7% |
| MA Mastercard Inc. Class A | 1.61% | 22,763 | $11.0M | Reduce -0.6% |
| ORCL Oracle Corp. | 1.60% | 87,091 | $10.9M | Reduce -0.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.59% | 70,198 | $10.8M | Reduce -0.3% |
| MTD Mettler-Toledo International | 1.56% | 7,993 | $10.6M | Reduce -0.4% |
| CRL Charles River Laboratories | 1.54% | 38,672 | $10.5M | Reduce -11.0% |
| MRSH Marsh & McLennan Cos | 1.52% | 50,373 | $10.4M | Add +30.3% |
| ZTS Zoetis Inc. | 1.50% | 60,564 | $10.2M | Add +29.7% |
| KO The Coca-Cola Co. | 1.50% | 167,339 | $10.2M | Reduce -0.4% |
| HUM Humana Inc. | 1.48% | 29,157 | $10.1M | Add +30.5% |
| COR Cencora Inc. | 1.46% | 40,897 | $9.9M | Reduce -20.9% |
| AXP American Express Co. | 1.39% | 41,539 | $9.5M | Reduce -31.6% |
| MSI Motorola Solutions Inc. | 1.37% | 26,374 | $9.4M | Reduce -0.0% |
| TTC Toro Co. | 1.37% | 101,733 | $9.3M | Add +13.5% |
| ZBRA Zebra Technologies Corp. Class A | 1.36% | 30,688 | $9.3M | Add +8.0% |
| ADP Automatic Data Processing | 1.35% | 36,766 | $9.2M | Add +0.3% |
| WMS Advanced Drainage Systems Inc. | 1.32% | 52,336 | $9.0M | Reduce -9.6% |
| TMO Thermo Fisher Scientific Inc. | 1.30% | 15,207 | $8.8M | Reduce -0.3% |
| HD Home Depot Inc. | 1.29% | 22,945 | $8.8M | Reduce -0.0% |
| POOL Pool Corp. | 1.27% | 21,461 | $8.7M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.25% | 47,410 | $8.6M | Reduce -9.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 1.23% | 48,448 | $8.4M | Reduce -0.3% |
| SCI Service Corp. International | 1.21% | 111,671 | $8.3M | Reduce -19.4% |
| BR Broadridge Financial Solutio | 1.19% | 39,694 | $8.1M | Reduce -0.6% |
| HLI Houlihan Lokey Inc. | 1.14% | 60,631 | $7.8M | Reduce -10.4% |
| A Agilent Technologies Inc. | 1.11% | 51,824 | $7.5M | Add +17.1% |
| ADBE Adobe Inc. | 1.10% | 14,909 | $7.5M | Add +31.6% |
| SPGI S&P Global Inc. | 1.09% | 17,514 | $7.5M | Add +17.0% |
| CTSH Cognizant Tech Solutions-A | 1.09% | 101,262 | $7.4M | Reduce -10.2% |
| COST Costco Wholesale Corp. | 1.07% | 9,992 | $7.3M | Reduce -0.4% |
| MSCI MSCI Inc. | 1.07% | 12,970 | $7.3M | Reduce -0.2% |
| LOW Lowe's Cos Inc. | 1.03% | 27,574 | $7.0M | Reduce -19.6% |
| BKNG Booking Holdings Inc. | 1.01% | 1,908 | $6.9M | Add +0.4% |
| FDS Factset Research Systems Inc. | 0.95% | 14,207 | $6.5M | Add +0.3% |
| MCD McDonald's Corp. | 0.94% | 22,843 | $6.4M | Reduce -0.4% |
| ANET Arista Networks Inc. | 0.92% | 21,698 | $6.3M | Reduce -31.1% |
| CL Colgate-Palmolive Co. | 0.91% | 68,928 | $6.2M | Reduce -16.0% |
| MCO Moody's Corp. | 0.86% | 14,932 | $5.9M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.86% | 139,089 | $5.8M | Reduce -16.0% |
| VEEV Veeva Systems Inc. Class A | 0.85% | 24,896 | $5.8M | Reduce -10.7% |
| AMGN Amgen Inc. | 0.70% | 16,881 | $4.8M | Reduce -16.8% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.69% | 121,498 | $4.7M | Reduce -0.4% |
Portfolio Sells Q4 2023 → Q1 2024
| TXN Texas Instruments Inc. | Sold out | 0.00% | −1.53 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.70 |
| AXP American Express Co. | Reduce -31.6% | 1.39% | −0.35 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.35 |
| YETI Yeti Holdings Inc. | Reduce -0.4% | 0.69% | −0.28 |
| EW Edwards Lifesciences Corp. | Reduce -27.8% | 1.78% | −0.27 |
| SCI Service Corp. International | Reduce -19.4% | 1.21% | −0.23 |
| CTSH Cognizant Tech Solutions-A | Reduce -10.2% | 1.09% | −0.21 |
| ANET Arista Networks Inc. | Reduce -31.1% | 0.92% | −0.21 |
| AMGN Amgen Inc. | Reduce -16.8% | 0.70% | −0.19 |
| COR Cencora Inc. | Reduce -20.9% | 1.46% | −0.16 |
| G Genpact Ltd. | Reduce -0.0% | 1.66% | −0.16 |
| V Visa Inc. Class A | Reduce -10.7% | 1.65% | −0.14 |
| LOW Lowe's Cos Inc. | Reduce -19.6% | 1.03% | −0.13 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 1.79% | −0.10 |
| HLI Houlihan Lokey Inc. | Reduce -10.4% | 1.14% | −0.10 |
| VZ Verizon Communications Inc. | Reduce -16.0% | 0.86% | −0.10 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.94% | −0.09 |
| CL Colgate-Palmolive Co. | Reduce -16.0% | 0.91% | −0.09 |
| HCA HCA Healthcare Inc. | Reduce -18.5% | 1.93% | −0.07 |
| BR Broadridge Financial Solutio | Reduce -0.6% | 1.19% | −0.06 |
| MSCI MSCI Inc. | Reduce -0.2% | 1.07% | −0.06 |
| POOL Pool Corp. | Reduce -0.5% | 1.27% | −0.04 |
| MCO Moody's Corp. | Reduce -0.3% | 0.86% | −0.03 |
| CRL Charles River Laboratories | Reduce -11.0% | 1.54% | −0.03 |
| KO The Coca-Cola Co. | Reduce -0.4% | 1.50% | −0.01 |
| EL Estee Lauder Companies Class A | Reduce -0.3% | 1.59% | +0.02 |
| JKHY Jack Henry & Associates Inc. | Reduce -0.3% | 1.23% | +0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -10.7% | 0.85% | +0.03 |
| AMZN Amazon.com Inc. | Reduce -9.8% | 1.25% | +0.04 |
| TSCO Tractor Supply Company | Reduce -12.6% | 1.72% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 1.30% | +0.06 |
| COST Costco Wholesale Corp. | Reduce -0.4% | 1.07% | +0.06 |
| MTD Mettler-Toledo International | Reduce -0.4% | 1.56% | +0.07 |
| HD Home Depot Inc. | Reduce -0.0% | 1.29% | +0.08 |
| WMS Advanced Drainage Systems Inc. | Reduce -9.6% | 1.32% | +0.08 |
| MSI Motorola Solutions Inc. | Reduce -0.0% | 1.37% | +0.11 |
| MA Mastercard Inc. Class A | Reduce -0.6% | 1.61% | +0.12 |
| BJ Bj's Wholesale Club Holdings | Reduce -0.3% | 1.83% | +0.15 |
| MSFT Microsoft Corp. | Reduce -4.4% | 6.67% | +0.18 |
| ORCL Oracle Corp. | Reduce -0.3% | 1.60% | +0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 7.04% | +0.26 |
| FISV Fiserv Inc. | Reduce -0.4% | 2.03% | +0.27 |
| KR Kroger Co. | Reduce -0.1% | 1.78% | +0.30 |
Portfolio Buys Q4 2023 → Q1 2024
| SBUX Starbucks Corp. | Add +97.7% | 2.17% | +0.97 |
| AON Aon PLC Class A | Add +30.6% | 2.32% | +0.71 |
| NKE Nike Inc. Class B | Add +78.3% | 2.00% | +0.65 |
| PCTY Paylocity Holding Corp. | Add +31.4% | 1.84% | +0.44 |
| MRSH Marsh & McLennan Cos | Add +30.3% | 1.52% | +0.40 |
| PEP Pepsico Inc. | Add +9.4% | 2.53% | +0.19 |
| ZBRA Zebra Technologies Corp. Class A | Add +8.0% | 1.36% | +0.17 |
| A Agilent Technologies Inc. | Add +17.1% | 1.11% | +0.17 |
| KEYS Keysight Technologies Inc. | Add +17.2% | 1.66% | +0.16 |
| ZTS Zoetis Inc. | Add +29.7% | 1.50% | +0.10 |
| SPGI S&P Global Inc. | Add +17.0% | 1.09% | +0.09 |
| ADBE Adobe Inc. | Add +31.6% | 1.10% | +0.07 |
| TTC Toro Co. | Add +13.5% | 1.37% | +0.05 |
| ADP Automatic Data Processing | Add +0.3% | 1.35% | +0.04 |
| BKNG Booking Holdings Inc. | Add +0.4% | 1.01% | −0.01 |
| ACN Accenture PLC Class A | Add +1.2% | 1.67% | −0.07 |
| JNJ Johnson & Johnson | Add +0.0% | 2.46% | −0.08 |
| HUM Humana Inc. | Add +30.5% | 1.48% | −0.08 |
| FDS Factset Research Systems Inc. | Add +0.3% | 0.95% | −0.08 |
| UNH Unitedhealth Group Inc. | Add +3.1% | 3.85% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 63 | $374.5M | NVDA, GOOGL, MSFT, AMZN, AVGO |
| Q1 2026 | 61 | $339.8M | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q4 2025 | 59 | $374.1M | NVDA, GOOGL, MSFT, AMZN, AAPL |
| Q3 2025 | 63 | $365.9M | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q2 2025 | 62 | $453.5M | NVDA, MSFT, GOOGL, AMZN, AAPL |
| Q1 2025 | 66 | $543.5M | MSFT, NVDA, GOOGL, AMZN, AAPL |
| Q4 2024 | 64 | $549.1M | GOOGL, MSFT, AMZN, NVDA, AAPL |
| Q3 2024 | 64 | $545.9M | MSFT, GOOGL, AMZN, AAPL, UNH |
| Q2 2024 | 63 | $712.9M | GOOGL, MSFT, AAPL, UNH, V |
| Q1 2024 | 61 | $682.3M | GOOGL, MSFT, UNH, PEP, JNJ |