Bell Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Bell Asset Management Ltd reported 62 stock positions worth $453.5 million. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Alphabet Class A (GOOGL, 6.5%). Compared with Q1 2025, it opened 5 new positions, sold out of 9, added to 12 and reduced 45. The biggest buy was a new position in Motorola Solutions (MSI) and the biggest sale an exit from Adobe (ADBE).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $453.5M (Q2 2025)
- SEC Filing
- 0001012975-25-000433 ↗ filed Aug 13, 2025
Holdings Value
Holdings 62 stocks · $453.5M
| NVDA Nvidia Corp. | 7.70% | 220,967 | $34.9M | Reduce -27.7% |
| MSFT Microsoft Corp. | 6.87% | 62,674 | $31.2M | Reduce -37.8% |
| GOOGL Alphabet Inc. Class A | 6.49% | 167,030 | $29.4M | Reduce -21.6% |
| AMZN Amazon.com Inc. | 5.20% | 107,539 | $23.6M | Reduce -21.5% |
| AAPL Apple Inc. | 4.25% | 93,859 | $19.3M | Add +18.2% |
| META Meta Platforms Inc. Class A | 3.00% | 18,440 | $13.6M | Reduce -5.8% |
| AON Aon PLC Class A | 1.97% | 25,029 | $8.9M | Add +65.6% |
| AVGO Broadcom Inc. | 1.95% | 32,154 | $8.9M | Reduce -40.3% |
| LLY Eli Lilly & Co. | 1.95% | 11,354 | $8.9M | Add +8.4% |
| FISV Fiserv Inc. | 1.94% | 51,028 | $8.8M | Add +3.1% |
| UNH Unitedhealth Group Inc. | 1.92% | 27,982 | $8.7M | Add +7.8% |
| PEP Pepsico Inc. | 1.91% | 65,587 | $8.7M | Reduce -21.7% |
| ORCL Oracle Corp. | 1.86% | 38,592 | $8.4M | Reduce -39.8% |
| MRSH Marsh & McLennan Cos | 1.82% | 37,795 | $8.3M | Add +40.4% |
| ACN Accenture PLC Class A | 1.64% | 24,911 | $7.4M | Reduce -21.7% |
| UBER Uber Technologies Inc. | 1.61% | 78,227 | $7.3M | Reduce -28.0% |
| MA Mastercard Inc. Class A | 1.58% | 12,723 | $7.1M | Reduce -31.5% |
| V Visa Inc. Class A | 1.56% | 19,951 | $7.1M | Reduce -30.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.46% | 29,297 | $6.6M | Reduce -33.9% |
| MSI Motorola Solutions Inc. | 1.39% | 15,001 | $6.3M | New |
| MSCI MSCI Inc. | 1.39% | 10,911 | $6.3M | Add +9.0% |
| CLH Clean Harbors Inc. | 1.33% | 26,059 | $6.0M | Reduce -31.6% |
| SCI Service Corp. International | 1.30% | 72,318 | $5.9M | Reduce -11.0% |
| COR Cencora Inc. | 1.30% | 19,591 | $5.9M | Reduce -6.7% |
| ANET Arista Networks Inc. | 1.28% | 56,598 | $5.8M | Reduce -33.2% |
| WMS Advanced Drainage Systems Inc. | 1.26% | 49,688 | $5.7M | Reduce -21.7% |
| VRRM Verra Mobility Corp. | 1.22% | 217,675 | $5.5M | Reduce -21.3% |
| HLI Houlihan Lokey Inc. | 1.22% | 30,668 | $5.5M | Reduce -29.9% |
| CNM Core & Main Inc. Class A | 1.14% | 85,918 | $5.2M | Reduce -32.6% |
| KEYS Keysight Technologies Inc. | 1.13% | 31,289 | $5.1M | Reduce -3.6% |
| PCTY Paylocity Holding Corp. | 1.13% | 28,172 | $5.1M | Add +29.4% |
| HCA HCA Healthcare Inc. | 1.12% | 13,316 | $5.1M | Reduce -30.5% |
| QCOM Qualcomm Inc. | 1.12% | 31,772 | $5.1M | Reduce -46.6% |
| TTC Toro Co. | 1.11% | 71,154 | $5.0M | Reduce -18.6% |
| SNPS Synopsys Inc. | 1.09% | 9,608 | $4.9M | Reduce -21.3% |
| ZTS Zoetis Inc. | 1.08% | 31,271 | $4.9M | Reduce -21.6% |
| MANH Manhattan Associates Inc. | 1.06% | 24,420 | $4.8M | Reduce -21.1% |
| IT Gartner Inc. | 1.05% | 11,782 | $4.8M | New |
| TSCO Tractor Supply Company | 1.05% | 89,984 | $4.7M | Reduce -25.2% |
| SPGI S&P Global Inc. | 1.04% | 8,973 | $4.7M | Reduce -21.3% |
| ODFL Old Dominion Freight Line | 1.02% | 28,487 | $4.6M | New |
| G Genpact Ltd. | 1.01% | 104,377 | $4.6M | Add +9.5% |
| CAT Caterpillar Inc. | 1.01% | 11,831 | $4.6M | Reduce -21.0% |
| BR Broadridge Financial Solutio | 0.98% | 18,378 | $4.5M | Reduce -16.4% |
| HD Home Depot Inc. | 0.97% | 11,956 | $4.4M | Reduce -21.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.95% | 40,089 | $4.3M | Add +2.0% |
| DECK Deckers Outdoor Corp. | 0.95% | 41,766 | $4.3M | New |
| POOL Pool Corp. | 0.94% | 14,591 | $4.3M | Reduce -6.8% |
| IDXX Idexx Laboratories Inc. | 0.89% | 7,515 | $4.0M | Reduce -49.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.87% | 21,997 | $4.0M | Add +4.0% |
| TMO Thermo Fisher Scientific Inc. | 0.87% | 9,740 | $3.9M | Add +5.3% |
| BF.B Brown-Forman Corp. Class B | 0.86% | 145,583 | $3.9M | New |
| CSCO Cisco Systems Inc. | 0.86% | 56,258 | $3.9M | Reduce -41.5% |
| AXP American Express Co. | 0.83% | 11,843 | $3.8M | Reduce -40.8% |
| MTD Mettler-Toledo International | 0.82% | 3,152 | $3.7M | Reduce -21.2% |
| VEEV Veeva Systems Inc. Class A | 0.81% | 12,806 | $3.7M | Reduce -35.0% |
| JNJ Johnson & Johnson | 0.80% | 23,871 | $3.6M | Reduce -33.3% |
| MCO Moody's Corp. | 0.78% | 7,035 | $3.5M | Reduce -21.7% |
| LULU Lululemon Athletica Inc. | 0.65% | 12,403 | $2.9M | Reduce -30.5% |
| COST Costco Wholesale Corp. | 0.62% | 2,849 | $2.8M | Reduce -22.2% |
| AMGN Amgen Inc. | 0.55% | 8,964 | $2.5M | Reduce -7.2% |
| BKNG Booking Holdings Inc. | 0.46% | 362 | $2.1M | Reduce -80.7% |
Portfolio Sells Q1 2025 → Q2 2025
| ADBE Adobe Inc. | Sold out | 0.00% | −1.77 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −1.15 |
| BKNG Booking Holdings Inc. | Reduce -80.7% | 0.46% | −1.12 |
| ADP Automatic Data Processing | Sold out | 0.00% | −1.09 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.01 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −1.00 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.98 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.94 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.71 |
| QCOM Qualcomm Inc. | Reduce -46.6% | 1.12% | −0.57 |
| PEP Pepsico Inc. | Reduce -21.7% | 1.91% | −0.40 |
| MA Mastercard Inc. Class A | Reduce -31.5% | 1.58% | −0.30 |
| V Visa Inc. Class A | Reduce -30.5% | 1.56% | −0.29 |
| JNJ Johnson & Johnson | Reduce -33.3% | 0.80% | −0.29 |
| LULU Lululemon Athletica Inc. | Reduce -30.5% | 0.65% | −0.28 |
| IDXX Idexx Laboratories Inc. | Reduce -49.0% | 0.89% | −0.25 |
| CSCO Cisco Systems Inc. | Reduce -41.5% | 0.86% | −0.23 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.21 |
| ACN Accenture PLC Class A | Reduce -21.7% | 1.64% | −0.18 |
| TSCO Tractor Supply Company | Reduce -25.2% | 1.05% | −0.17 |
| AXP American Express Co. | Reduce -40.8% | 0.83% | −0.16 |
| ZTS Zoetis Inc. | Reduce -21.6% | 1.08% | −0.13 |
| HCA HCA Healthcare Inc. | Reduce -30.5% | 1.12% | −0.09 |
| MSFT Microsoft Corp. | Reduce -37.8% | 6.87% | −0.08 |
| HLI Houlihan Lokey Inc. | Reduce -29.9% | 1.22% | −0.08 |
| HD Home Depot Inc. | Reduce -21.7% | 0.97% | −0.06 |
| TTC Toro Co. | Reduce -18.6% | 1.11% | −0.06 |
| CLH Clean Harbors Inc. | Reduce -31.6% | 1.33% | −0.05 |
| MTD Mettler-Toledo International | Reduce -21.2% | 0.82% | −0.05 |
| VEEV Veeva Systems Inc. Class A | Reduce -35.0% | 0.81% | −0.03 |
| SPGI S&P Global Inc. | Reduce -21.3% | 1.04% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -22.2% | 0.62% | −0.02 |
| WMS Advanced Drainage Systems Inc. | Reduce -21.7% | 1.26% | −0.01 |
| AMGN Amgen Inc. | Reduce -7.2% | 0.55% | −0.00 |
| BR Broadridge Financial Solutio | Reduce -16.4% | 0.98% | +0.00 |
| MCO Moody's Corp. | Reduce -21.7% | 0.78% | +0.01 |
| CNM Core & Main Inc. Class A | Reduce -32.6% | 1.14% | +0.01 |
| POOL Pool Corp. | Reduce -6.8% | 0.94% | +0.02 |
| ANET Arista Networks Inc. | Reduce -33.2% | 1.28% | +0.07 |
| VRRM Verra Mobility Corp. | Reduce -21.3% | 1.22% | +0.07 |
| MANH Manhattan Associates Inc. | Reduce -21.1% | 1.06% | +0.08 |
| SCI Service Corp. International | Reduce -11.0% | 1.30% | +0.10 |
| CAT Caterpillar Inc. | Reduce -21.0% | 1.01% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.9% | 1.46% | +0.11 |
| SNPS Synopsys Inc. | Reduce -21.3% | 1.09% | +0.12 |
| UBER Uber Technologies Inc. | Reduce -28.0% | 1.61% | +0.15 |
| ORCL Oracle Corp. | Reduce -39.8% | 1.86% | +0.21 |
| COR Cencora Inc. | Reduce -6.7% | 1.30% | +0.22 |
| KEYS Keysight Technologies Inc. | Reduce -3.6% | 1.13% | +0.24 |
| AVGO Broadcom Inc. | Reduce -40.3% | 1.95% | +0.30 |
Portfolio Buys Q1 2025 → Q2 2025
| MSI Motorola Solutions Inc. | New | 1.39% | +1.39 |
| IT Gartner Inc. | New | 1.05% | +1.05 |
| ODFL Old Dominion Freight Line | New | 1.02% | +1.02 |
| AAPL Apple Inc. | Add +18.2% | 4.25% | +1.00 |
| DECK Deckers Outdoor Corp. | New | 0.95% | +0.95 |
| BF.B Brown-Forman Corp. Class B | New | 0.86% | +0.86 |
| AON Aon PLC Class A | Add +65.6% | 1.97% | +0.86 |
| MRSH Marsh & McLennan Cos | Add +40.4% | 1.82% | +0.61 |
| PCTY Paylocity Holding Corp. | Add +29.4% | 1.13% | +0.38 |
| LLY Eli Lilly & Co. | Add +8.4% | 1.95% | +0.36 |
| MSCI MSCI Inc. | Add +9.0% | 1.39% | +0.35 |
| JKHY Jack Henry & Associates Inc. | Add +4.0% | 0.87% | +0.16 |
| G Genpact Ltd. | Add +9.5% | 1.01% | +0.13 |
| BJ Bj's Wholesale Club Holdings | Add +2.0% | 0.95% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +5.3% | 0.87% | +0.02 |
| FISV Fiserv Inc. | Add +3.1% | 1.94% | −0.07 |
| UNH Unitedhealth Group Inc. | Add +7.8% | 1.92% | −0.58 |
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 |