Bell Asset Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Bell Asset Management Ltd reported 64 stock positions worth $549.1 million. Its top holding was Alphabet Class A (GOOGL) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Amazon.com (AMZN, 5.5%). Compared with Q3 2024, it opened 7 new positions, sold out of 7, added to 19 and reduced 38. The biggest buy was Nvidia (NVDA, shares +73%) and the biggest sale an exit from Ulta Beauty (ULTA).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $549.1M (Q4 2024)
- SEC Filing
- 0001012975-25-000079 ↗ filed Feb 13, 2025
Holdings Value
Holdings 64 stocks · $549.1M
| GOOGL Alphabet Inc. Class A | 7.25% | 210,282 | $39.8M | Reduce -1.0% |
| MSFT Microsoft Corp. | 6.91% | 89,985 | $37.9M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 5.55% | 138,842 | $30.5M | Add +15.8% |
| NVDA Nvidia Corp. | 4.51% | 184,561 | $24.8M | Add +73.0% |
| AAPL Apple Inc. | 3.08% | 67,431 | $16.9M | Reduce -12.3% |
| FISV Fiserv Inc. | 2.82% | 75,472 | $15.5M | Reduce -8.8% |
| UNH Unitedhealth Group Inc. | 2.63% | 28,496 | $14.4M | Add +3.3% |
| PEP Pepsico Inc. | 2.36% | 85,218 | $13.0M | Add +33.8% |
| JNJ Johnson & Johnson | 2.27% | 86,299 | $12.5M | Add +54.3% |
| V Visa Inc. Class A | 2.08% | 36,163 | $11.4M | Reduce -11.3% |
| ADBE Adobe Inc. | 2.06% | 25,498 | $11.3M | Add +40.9% |
| QCOM Qualcomm Inc. | 1.98% | 70,651 | $10.9M | Add +8.6% |
| MA Mastercard Inc. Class A | 1.81% | 18,921 | $10.0M | Reduce -20.8% |
| KO The Coca-Cola Co. | 1.63% | 144,024 | $9.0M | Add +106.9% |
| AVGO Broadcom Inc. | 1.63% | 38,592 | $8.9M | New |
| HCA HCA Healthcare Inc. | 1.62% | 29,583 | $8.9M | Add +51.7% |
| COR Cencora Inc. | 1.42% | 34,716 | $7.8M | Reduce -25.0% |
| CNM Core & Main Inc. Class A | 1.39% | 149,661 | $7.6M | New |
| KEYS Keysight Technologies Inc. | 1.39% | 47,388 | $7.6M | Reduce -12.2% |
| ACN Accenture PLC Class A | 1.38% | 21,554 | $7.6M | Reduce -40.3% |
| CSCO Cisco Systems Inc. | 1.33% | 123,586 | $7.3M | Reduce -38.8% |
| AON Aon PLC Class A | 1.32% | 20,245 | $7.3M | Reduce -1.0% |
| PPG PPG Industries Inc. | 1.27% | 58,229 | $7.0M | New |
| MRSH Marsh & McLennan Cos | 1.26% | 32,465 | $6.9M | Add +12.4% |
| WMS Advanced Drainage Systems Inc. | 1.23% | 58,475 | $6.8M | Add +10.3% |
| TSCO Tractor Supply Company | 1.23% | 127,350 | $6.8M | Add +27.4% |
| ROK Rockwell Automation Inc. | 1.22% | 23,349 | $6.7M | Reduce -13.5% |
| ZTS Zoetis Inc. | 1.20% | 40,581 | $6.6M | Add +12.1% |
| BKNG Booking Holdings Inc. | 1.20% | 1,327 | $6.6M | Reduce -39.4% |
| BR Broadridge Financial Solutio | 1.19% | 28,962 | $6.5M | Reduce -0.9% |
| FBIN Fortune Brands Innovations I | 1.17% | 94,258 | $6.4M | Add +30.8% |
| TTC Toro Co. | 1.13% | 77,756 | $6.2M | Add +72.4% |
| PCTY Paylocity Holding Corp. | 1.11% | 30,694 | $6.1M | Reduce -39.0% |
| CLH Clean Harbors Inc. | 1.11% | 26,520 | $6.1M | New |
| AXP American Express Co. | 1.11% | 20,502 | $6.1M | Reduce -13.9% |
| SCI Service Corp. International | 1.10% | 75,347 | $6.0M | Add +16.1% |
| ORCL Oracle Corp. | 1.09% | 36,024 | $6.0M | Reduce -22.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 1.06% | 33,144 | $5.8M | Reduce -4.8% |
| SPGI S&P Global Inc. | 1.06% | 11,639 | $5.8M | Reduce -0.1% |
| ADP Automatic Data Processing | 1.06% | 19,799 | $5.8M | Reduce -16.1% |
| VRRM Verra Mobility Corp. | 1.04% | 237,177 | $5.7M | Add +29.0% |
| TMO Thermo Fisher Scientific Inc. | 1.03% | 10,872 | $5.7M | Reduce -0.9% |
| LULU Lululemon Athletica Inc. | 1.01% | 14,568 | $5.6M | Reduce -16.5% |
| G Genpact Ltd. | 1.01% | 129,042 | $5.5M | Reduce -15.8% |
| ZBRA Zebra Technologies Corp. Class A | 1.01% | 14,329 | $5.5M | Reduce -14.5% |
| CTSH Cognizant Tech Solutions-A | 1.00% | 71,622 | $5.5M | Reduce -1.0% |
| HLI Houlihan Lokey Inc. | 1.00% | 31,498 | $5.5M | Reduce -1.2% |
| POOL Pool Corp. | 0.99% | 15,930 | $5.4M | Reduce -12.2% |
| HD Home Depot Inc. | 0.94% | 13,253 | $5.2M | Reduce -19.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.93% | 57,043 | $5.1M | Reduce -23.4% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.92% | 130,815 | $5.0M | Reduce -0.9% |
| MTD Mettler-Toledo International | 0.91% | 4,073 | $5.0M | Add +37.7% |
| ANET Arista Networks Inc. | 0.90% | 44,592 | $4.9M | Reduce -30.5% |
| AMGN Amgen Inc. | 0.89% | 18,743 | $4.9M | Add +142.4% |
| SNPS Synopsys Inc. | 0.86% | 9,786 | $4.7M | New |
| IDXX Idexx Laboratories Inc. | 0.84% | 11,209 | $4.6M | New |
| NFLX Netflix Inc. | 0.83% | 5,123 | $4.6M | Reduce -17.3% |
| LLY Eli Lilly & Co. | 0.79% | 5,637 | $4.4M | New |
| MSCI MSCI Inc. | 0.77% | 7,067 | $4.2M | Reduce -19.4% |
| EW Edwards Lifesciences Corp. | 0.73% | 54,132 | $4.0M | Reduce -44.4% |
| VEEV Veeva Systems Inc. Class A | 0.63% | 16,407 | $3.4M | Reduce -20.2% |
| COST Costco Wholesale Corp. | 0.62% | 3,723 | $3.4M | Reduce -1.0% |
| MCO Moody's Corp. | 0.60% | 6,971 | $3.3M | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.52% | 37,850 | $2.9M | Reduce -56.8% |
Portfolio Sells Q3 2024 → Q4 2024
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −1.38 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −1.20 |
| MCD McDonald's Corp. | Sold out | 0.00% | −1.14 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −1.09 |
| HUM Humana Inc. | Sold out | 0.00% | −1.07 |
| CRL Charles River Laboratories | Sold out | 0.00% | −1.05 |
| ACN Accenture PLC Class A | Reduce -40.3% | 1.38% | −0.96 |
| NKE Nike Inc. Class B | Reduce -56.8% | 0.52% | −0.90 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.81 |
| CSCO Cisco Systems Inc. | Reduce -38.8% | 1.33% | −0.63 |
| BKNG Booking Holdings Inc. | Reduce -39.4% | 1.20% | −0.49 |
| COR Cencora Inc. | Reduce -25.0% | 1.42% | −0.49 |
| EW Edwards Lifesciences Corp. | Reduce -44.4% | 0.73% | −0.45 |
| PCTY Paylocity Holding Corp. | Reduce -39.0% | 1.11% | −0.41 |
| ORCL Oracle Corp. | Reduce -22.1% | 1.09% | −0.35 |
| MA Mastercard Inc. Class A | Reduce -20.8% | 1.81% | −0.35 |
| HD Home Depot Inc. | Reduce -19.7% | 0.94% | −0.29 |
| POOL Pool Corp. | Reduce -12.2% | 0.99% | −0.26 |
| ANET Arista Networks Inc. | Reduce -30.5% | 0.90% | −0.23 |
| MSFT Microsoft Corp. | Reduce -0.4% | 6.91% | −0.22 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 1.03% | −0.21 |
| AAPL Apple Inc. | Reduce -12.3% | 3.08% | −0.21 |
| BJ Bj's Wholesale Club Holdings | Reduce -23.4% | 0.93% | −0.20 |
| KEYS Keysight Technologies Inc. | Reduce -12.2% | 1.39% | −0.18 |
| MSCI MSCI Inc. | Reduce -19.4% | 0.77% | −0.16 |
| VEEV Veeva Systems Inc. Class A | Reduce -20.2% | 0.63% | −0.16 |
| ADP Automatic Data Processing | Reduce -16.1% | 1.06% | −0.14 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -14.5% | 1.01% | −0.13 |
| ROK Rockwell Automation Inc. | Reduce -13.5% | 1.22% | −0.11 |
| G Genpact Ltd. | Reduce -15.8% | 1.01% | −0.09 |
| AXP American Express Co. | Reduce -13.9% | 1.11% | −0.07 |
| YETI Yeti Holdings Inc. | Reduce -0.9% | 0.92% | −0.07 |
| JKHY Jack Henry & Associates Inc. | Reduce -4.8% | 1.06% | −0.07 |
| SPGI S&P Global Inc. | Reduce -0.1% | 1.06% | −0.05 |
| CTSH Cognizant Tech Solutions-A | Reduce -1.0% | 1.00% | −0.02 |
| MCO Moody's Corp. | Reduce -1.2% | 0.60% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.62% | +0.01 |
| NFLX Netflix Inc. | Reduce -17.3% | 0.83% | +0.03 |
| V Visa Inc. Class A | Reduce -11.3% | 2.08% | +0.03 |
| AON Aon PLC Class A | Reduce -1.0% | 1.32% | +0.03 |
| BR Broadridge Financial Solutio | Reduce -0.9% | 1.19% | +0.04 |
| HLI Houlihan Lokey Inc. | Reduce -1.2% | 1.00% | +0.07 |
| FISV Fiserv Inc. | Reduce -8.8% | 2.82% | +0.10 |
| LULU Lululemon Athletica Inc. | Reduce -16.5% | 1.01% | +0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 7.25% | +0.80 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +73.0% | 4.51% | +2.14 |
| AVGO Broadcom Inc. | New | 1.63% | +1.63 |
| AMZN Amazon.com Inc. | Add +15.8% | 5.55% | +1.46 |
| CNM Core & Main Inc. Class A | New | 1.39% | +1.39 |
| PPG PPG Industries Inc. | New | 1.27% | +1.27 |
| CLH Clean Harbors Inc. | New | 1.11% | +1.11 |
| SNPS Synopsys Inc. | New | 0.86% | +0.86 |
| IDXX Idexx Laboratories Inc. | New | 0.84% | +0.84 |
| LLY Eli Lilly & Co. | New | 0.79% | +0.79 |
| KO The Coca-Cola Co. | Add +106.9% | 1.63% | +0.72 |
| JNJ Johnson & Johnson | Add +54.3% | 2.27% | +0.61 |
| AMGN Amgen Inc. | Add +142.4% | 0.89% | +0.43 |
| TTC Toro Co. | Add +72.4% | 1.13% | +0.42 |
| PEP Pepsico Inc. | Add +33.8% | 2.36% | +0.38 |
| ADBE Adobe Inc. | Add +40.9% | 2.06% | +0.35 |
| HCA HCA Healthcare Inc. | Add +51.7% | 1.62% | +0.16 |
| TSCO Tractor Supply Company | Add +27.4% | 1.23% | +0.16 |
| SCI Service Corp. International | Add +16.1% | 1.10% | +0.16 |
| VRRM Verra Mobility Corp. | Add +29.0% | 1.04% | +0.11 |
| MTD Mettler-Toledo International | Add +37.7% | 0.91% | +0.10 |
| MRSH Marsh & McLennan Cos | Add +12.4% | 1.26% | +0.08 |
| FBIN Fortune Brands Innovations I | Add +30.8% | 1.17% | −0.01 |
| QCOM Qualcomm Inc. | Add +8.6% | 1.98% | −0.05 |
| ZTS Zoetis Inc. | Add +12.1% | 1.20% | −0.09 |
| WMS Advanced Drainage Systems Inc. | Add +10.3% | 1.23% | −0.30 |
| UNH Unitedhealth Group Inc. | Add +3.3% | 2.63% | −0.33 |
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 |