Bell Asset Management Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Bell Asset Management Ltd reported 66 stock positions worth $543.5 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Nvidia (NVDA, 6.1%) and Alphabet Class A (GOOGL, 6.1%). Compared with Q4 2024, it opened 5 new positions, sold out of 3, added to 26 and reduced 35. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale Coca-Cola (KO, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $543.5M (Q1 2025)
- SEC Filing
- 0001012975-25-000232 ↗ filed May 14, 2025
Holdings Value
Holdings 66 stocks · $543.5M
| MSFT Microsoft Corp. | 6.96% | 100,738 | $37.8M | Add +11.9% |
| NVDA Nvidia Corp. | 6.09% | 305,461 | $33.1M | Add +65.5% |
| GOOGL Alphabet Inc. Class A | 6.06% | 213,158 | $33.0M | Add +1.4% |
| AMZN Amazon.com Inc. | 4.79% | 136,962 | $26.1M | Reduce -1.4% |
| AAPL Apple Inc. | 3.24% | 79,382 | $17.6M | Add +17.7% |
| UNH Unitedhealth Group Inc. | 2.50% | 25,952 | $13.6M | Reduce -8.9% |
| PEP Pepsico Inc. | 2.31% | 83,768 | $12.6M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 2.08% | 19,577 | $11.3M | New |
| FISV Fiserv Inc. | 2.01% | 49,515 | $10.9M | Reduce -34.4% |
| MA Mastercard Inc. Class A | 1.87% | 18,574 | $10.2M | Reduce -1.8% |
| V Visa Inc. Class A | 1.85% | 28,700 | $10.1M | Reduce -20.6% |
| ACN Accenture PLC Class A | 1.83% | 31,815 | $9.9M | Add +47.6% |
| ADBE Adobe Inc. | 1.77% | 25,069 | $9.6M | Reduce -1.7% |
| QCOM Qualcomm Inc. | 1.68% | 59,541 | $9.1M | Reduce -15.7% |
| AVGO Broadcom Inc. | 1.66% | 53,859 | $9.0M | Add +39.6% |
| ORCL Oracle Corp. | 1.65% | 64,130 | $9.0M | Add +78.0% |
| LLY Eli Lilly & Co. | 1.59% | 10,477 | $8.7M | Add +85.9% |
| BKNG Booking Holdings Inc. | 1.59% | 1,872 | $8.6M | Add +41.1% |
| UBER Uber Technologies Inc. | 1.46% | 108,689 | $7.9M | New |
| CLH Clean Harbors Inc. | 1.38% | 38,128 | $7.5M | Add +43.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.35% | 44,340 | $7.4M | New |
| HLI Houlihan Lokey Inc. | 1.30% | 43,753 | $7.1M | Add +38.9% |
| WMS Advanced Drainage Systems Inc. | 1.27% | 63,424 | $6.9M | Add +8.5% |
| TSCO Tractor Supply Company | 1.22% | 120,318 | $6.6M | Reduce -5.5% |
| HCA HCA Healthcare Inc. | 1.22% | 19,154 | $6.6M | Reduce -35.3% |
| MRSH Marsh & McLennan Cos | 1.21% | 26,926 | $6.6M | Reduce -17.1% |
| ZTS Zoetis Inc. | 1.21% | 39,893 | $6.6M | Reduce -1.7% |
| ANET Arista Networks Inc. | 1.21% | 84,759 | $6.6M | Add +90.1% |
| SCI Service Corp. International | 1.20% | 81,245 | $6.5M | Add +7.8% |
| TTC Toro Co. | 1.17% | 87,378 | $6.4M | Add +12.4% |
| PPG PPG Industries Inc. | 1.15% | 57,239 | $6.3M | Reduce -1.7% |
| VRRM Verra Mobility Corp. | 1.14% | 276,399 | $6.2M | Add +16.5% |
| IDXX Idexx Laboratories Inc. | 1.14% | 14,723 | $6.2M | Add +31.4% |
| CNM Core & Main Inc. Class A | 1.13% | 127,407 | $6.2M | Reduce -14.9% |
| AON Aon PLC Class A | 1.11% | 15,117 | $6.0M | Reduce -25.3% |
| ADP Automatic Data Processing | 1.09% | 19,462 | $5.9M | Reduce -1.7% |
| CSCO Cisco Systems Inc. | 1.09% | 96,255 | $5.9M | Reduce -22.1% |
| JNJ Johnson & Johnson | 1.09% | 35,786 | $5.9M | Reduce -58.5% |
| COR Cencora Inc. | 1.07% | 21,003 | $5.8M | Reduce -39.5% |
| SPGI S&P Global Inc. | 1.07% | 11,395 | $5.8M | Reduce -2.1% |
| MSCI MSCI Inc. | 1.04% | 10,014 | $5.7M | Add +41.7% |
| HD Home Depot Inc. | 1.03% | 15,268 | $5.6M | Add +15.2% |
| NFLX Netflix Inc. | 1.01% | 5,866 | $5.5M | Add +14.5% |
| ROK Rockwell Automation Inc. | 1.00% | 21,015 | $5.4M | Reduce -10.0% |
| AXP American Express Co. | 0.99% | 20,000 | $5.4M | Reduce -2.5% |
| MANH Manhattan Associates Inc. | 0.99% | 30,947 | $5.4M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.98% | 18,867 | $5.3M | Add +31.7% |
| BR Broadridge Financial Solutio | 0.98% | 21,975 | $5.3M | Reduce -24.1% |
| SNPS Synopsys Inc. | 0.96% | 12,214 | $5.2M | Add +24.8% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.94% | 155,001 | $5.1M | Add +18.5% |
| LULU Lululemon Athletica Inc. | 0.93% | 17,836 | $5.0M | Add +22.4% |
| POOL Pool Corp. | 0.92% | 15,662 | $5.0M | Reduce -1.7% |
| CAT Caterpillar Inc. | 0.91% | 14,981 | $4.9M | New |
| KEYS Keysight Technologies Inc. | 0.89% | 32,450 | $4.9M | Reduce -31.5% |
| G Genpact Ltd. | 0.88% | 95,314 | $4.8M | Reduce -26.1% |
| MTD Mettler-Toledo International | 0.87% | 3,999 | $4.7M | Reduce -1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 9,252 | $4.6M | Reduce -14.9% |
| VEEV Veeva Systems Inc. Class A | 0.84% | 19,709 | $4.6M | Add +20.1% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.82% | 39,299 | $4.5M | Reduce -31.1% |
| MCO Moody's Corp. | 0.77% | 8,985 | $4.2M | Add +28.9% |
| PCTY Paylocity Holding Corp. | 0.75% | 21,765 | $4.1M | Reduce -29.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.71% | 21,158 | $3.9M | Reduce -36.2% |
| EW Edwards Lifesciences Corp. | 0.71% | 53,202 | $3.9M | Reduce -1.7% |
| COST Costco Wholesale Corp. | 0.64% | 3,662 | $3.5M | Reduce -1.6% |
| AMGN Amgen Inc. | 0.55% | 9,654 | $3.0M | Reduce -48.5% |
| KO The Coca-Cola Co. | 0.21% | 15,811 | $1.1M | Reduce -89.0% |
Portfolio Sells Q4 2024 → Q1 2025
| KO The Coca-Cola Co. | Reduce -89.0% | 0.21% | −1.42 |
| JNJ Johnson & Johnson | Reduce -58.5% | 1.09% | −1.18 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −1.17 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −1.00 |
| FISV Fiserv Inc. | Reduce -34.4% | 2.01% | −0.81 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 4.79% | −0.75 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.52 |
| KEYS Keysight Technologies Inc. | Reduce -31.5% | 0.89% | −0.49 |
| HCA HCA Healthcare Inc. | Reduce -35.3% | 1.22% | −0.40 |
| PCTY Paylocity Holding Corp. | Reduce -29.1% | 0.75% | −0.36 |
| JKHY Jack Henry & Associates Inc. | Reduce -36.2% | 0.71% | −0.35 |
| COR Cencora Inc. | Reduce -39.5% | 1.07% | −0.35 |
| AMGN Amgen Inc. | Reduce -48.5% | 0.55% | −0.34 |
| ADBE Adobe Inc. | Reduce -1.7% | 1.77% | −0.30 |
| QCOM Qualcomm Inc. | Reduce -15.7% | 1.68% | −0.29 |
| CNM Core & Main Inc. Class A | Reduce -14.9% | 1.13% | −0.26 |
| CSCO Cisco Systems Inc. | Reduce -22.1% | 1.09% | −0.24 |
| V Visa Inc. Class A | Reduce -20.6% | 1.85% | −0.23 |
| ROK Rockwell Automation Inc. | Reduce -10.0% | 1.00% | −0.22 |
| AON Aon PLC Class A | Reduce -25.3% | 1.11% | −0.21 |
| BR Broadridge Financial Solutio | Reduce -24.1% | 0.98% | −0.21 |
| TMO Thermo Fisher Scientific Inc. | Reduce -14.9% | 0.85% | −0.18 |
| G Genpact Ltd. | Reduce -26.1% | 0.88% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -8.9% | 2.50% | −0.12 |
| AXP American Express Co. | Reduce -2.5% | 0.99% | −0.12 |
| PPG PPG Industries Inc. | Reduce -1.7% | 1.15% | −0.12 |
| BJ Bj's Wholesale Club Holdings | Reduce -31.1% | 0.82% | −0.10 |
| POOL Pool Corp. | Reduce -1.7% | 0.92% | −0.07 |
| PEP Pepsico Inc. | Reduce -1.7% | 2.31% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -17.1% | 1.21% | −0.05 |
| MTD Mettler-Toledo International | Reduce -1.8% | 0.87% | −0.04 |
| EW Edwards Lifesciences Corp. | Reduce -1.7% | 0.71% | −0.02 |
| TSCO Tractor Supply Company | Reduce -5.5% | 1.22% | −0.01 |
| ZTS Zoetis Inc. | Reduce -1.7% | 1.21% | +0.00 |
| SPGI S&P Global Inc. | Reduce -2.1% | 1.07% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -1.6% | 0.64% | +0.02 |
| ADP Automatic Data Processing | Reduce -1.7% | 1.09% | +0.04 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 1.87% | +0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | New | 2.08% | +2.08 |
| NVDA Nvidia Corp. | Add +65.5% | 6.09% | +1.58 |
| UBER Uber Technologies Inc. | New | 1.46% | +1.46 |
| TSM Taiwan Semiconductor-SP ADR | New | 1.35% | +1.35 |
| MANH Manhattan Associates Inc. | New | 0.99% | +0.99 |
| CAT Caterpillar Inc. | New | 0.91% | +0.91 |
| LLY Eli Lilly & Co. | Add +85.9% | 1.59% | +0.80 |
| ORCL Oracle Corp. | Add +78.0% | 1.65% | +0.56 |
| ACN Accenture PLC Class A | Add +47.6% | 1.83% | +0.45 |
| BKNG Booking Holdings Inc. | Add +41.1% | 1.59% | +0.39 |
| ANET Arista Networks Inc. | Add +90.1% | 1.21% | +0.31 |
| HLI Houlihan Lokey Inc. | Add +38.9% | 1.30% | +0.30 |
| IDXX Idexx Laboratories Inc. | Add +31.4% | 1.14% | +0.29 |
| CLH Clean Harbors Inc. | Add +43.8% | 1.38% | +0.27 |
| MSCI MSCI Inc. | Add +41.7% | 1.04% | +0.27 |
| VEEV Veeva Systems Inc. Class A | Add +20.1% | 0.84% | +0.21 |
| NFLX Netflix Inc. | Add +14.5% | 1.01% | +0.17 |
| AAPL Apple Inc. | Add +17.7% | 3.24% | +0.17 |
| MCO Moody's Corp. | Add +28.9% | 0.77% | +0.17 |
| SCI Service Corp. International | Add +7.8% | 1.20% | +0.10 |
| VRRM Verra Mobility Corp. | Add +16.5% | 1.14% | +0.10 |
| SNPS Synopsys Inc. | Add +24.8% | 0.96% | +0.10 |
| HD Home Depot Inc. | Add +15.2% | 1.03% | +0.09 |
| MSFT Microsoft Corp. | Add +11.9% | 6.96% | +0.05 |
| WMS Advanced Drainage Systems Inc. | Add +8.5% | 1.27% | +0.04 |
| TTC Toro Co. | Add +12.4% | 1.17% | +0.04 |
| AVGO Broadcom Inc. | Add +39.6% | 1.66% | +0.03 |
| YETI Yeti Holdings Inc. | Add +18.5% | 0.94% | +0.03 |
| ZBRA Zebra Technologies Corp. Class A | Add +31.7% | 0.98% | −0.03 |
| LULU Lululemon Athletica Inc. | Add +22.4% | 0.93% | −0.09 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 6.06% | −1.18 |
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 |