Bell Asset Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Bell Asset Management Ltd reported 63 stock positions worth $365.9 million. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Apple (AAPL, 6.8%). Compared with Q2 2025, it opened 8 new positions, sold out of 7, added to 7 and reduced 48. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale an exit from Arista Networks (ANET).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $365.9M (Q3 2025)
- SEC Filing
- 0001012975-25-000740 ↗ filed Nov 13, 2025
Holdings Value
Holdings 63 stocks · $365.9M
| NVDA Nvidia Corp. | 7.73% | 151,485 | $28.3M | Reduce -31.4% |
| MSFT Microsoft Corp. | 6.96% | 49,150 | $25.5M | Reduce -21.6% |
| AAPL Apple Inc. | 6.81% | 97,816 | $24.9M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 6.19% | 93,139 | $22.6M | Reduce -44.2% |
| AMZN Amazon.com Inc. | 4.91% | 81,866 | $18.0M | Reduce -23.9% |
| META Meta Platforms Inc. Class A | 2.82% | 14,055 | $10.3M | Reduce -23.8% |
| V Visa Inc. Class A | 2.05% | 21,949 | $7.5M | Add +10.0% |
| MRSH Marsh & McLennan Cos | 2.01% | 36,561 | $7.4M | Reduce -3.3% |
| AVGO Broadcom Inc. | 1.90% | 21,121 | $7.0M | Reduce -34.3% |
| AON Aon PLC Class A | 1.86% | 19,075 | $6.8M | Reduce -23.8% |
| UNH Unitedhealth Group Inc. | 1.80% | 19,029 | $6.6M | Reduce -32.0% |
| ACN Accenture PLC Class A | 1.64% | 24,374 | $6.0M | Reduce -2.2% |
| UBER Uber Technologies Inc. | 1.60% | 59,590 | $5.8M | Reduce -23.8% |
| FISV Fiserv Inc. | 1.60% | 45,267 | $5.8M | Reduce -11.3% |
| NFLX Netflix Inc. | 1.52% | 4,631 | $5.6M | New |
| MA Mastercard Inc. Class A | 1.51% | 9,690 | $5.5M | Reduce -23.8% |
| LLY Eli Lilly & Co. | 1.48% | 7,106 | $5.4M | Reduce -37.4% |
| PEP Pepsico Inc. | 1.44% | 37,588 | $5.3M | Reduce -42.7% |
| TER Teradyne Inc. | 1.43% | 37,907 | $5.2M | New |
| PG The Procter & Gamble Co. | 1.38% | 32,893 | $5.1M | New |
| WM Waste Management Inc. | 1.35% | 22,411 | $4.9M | New |
| MSCI MSCI Inc. | 1.28% | 8,253 | $4.7M | Reduce -24.4% |
| COR Cencora Inc. | 1.28% | 14,966 | $4.7M | Reduce -23.6% |
| CLH Clean Harbors Inc. | 1.26% | 19,885 | $4.6M | Reduce -23.7% |
| SCI Service Corp. International | 1.25% | 54,994 | $4.6M | Reduce -24.0% |
| PCTY Paylocity Holding Corp. | 1.25% | 28,705 | $4.6M | Add +1.9% |
| ZTS Zoetis Inc. | 1.17% | 29,281 | $4.3M | Reduce -6.4% |
| SNPS Synopsys Inc. | 1.16% | 8,566 | $4.2M | Reduce -10.8% |
| MSI Motorola Solutions Inc. | 1.15% | 9,216 | $4.2M | Reduce -38.6% |
| SPGI S&P Global Inc. | 1.14% | 8,601 | $4.2M | Reduce -4.2% |
| KEYS Keysight Technologies Inc. | 1.14% | 23,903 | $4.2M | Reduce -23.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.14% | 44,819 | $4.2M | Add +11.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.13% | 14,842 | $4.1M | Reduce -49.3% |
| VEEV Veeva Systems Inc. Class A | 1.13% | 13,880 | $4.1M | Add +8.4% |
| BKNG Booking Holdings Inc. | 1.11% | 749 | $4.0M | Add +106.9% |
| CNM Core & Main Inc. Class A | 1.09% | 74,408 | $4.0M | Reduce -13.4% |
| CPRT Copart Inc. | 1.09% | 88,622 | $4.0M | New |
| HLI Houlihan Lokey Inc. | 1.08% | 19,185 | $3.9M | Reduce -37.4% |
| TMO Thermo Fisher Scientific Inc. | 0.99% | 7,466 | $3.6M | Reduce -23.4% |
| WMS Advanced Drainage Systems Inc. | 0.98% | 25,911 | $3.6M | Reduce -47.9% |
| VRRM Verra Mobility Corp. | 0.98% | 145,454 | $3.6M | Reduce -33.2% |
| HCA HCA Healthcare Inc. | 0.96% | 8,274 | $3.5M | Reduce -37.9% |
| POOL Pool Corp. | 0.95% | 11,164 | $3.5M | Reduce -23.5% |
| FBIN Fortune Brands Innovations I | 0.94% | 64,473 | $3.4M | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.88% | 21,637 | $3.2M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.87% | 11,271 | $3.2M | Reduce -70.8% |
| ODFL Old Dominion Freight Line | 0.84% | 21,732 | $3.1M | Reduce -23.7% |
| AXP American Express Co. | 0.82% | 9,050 | $3.0M | Reduce -23.6% |
| MANH Manhattan Associates Inc. | 0.82% | 14,579 | $3.0M | Reduce -40.3% |
| IT Gartner Inc. | 0.80% | 11,115 | $2.9M | Reduce -5.7% |
| CSCO Cisco Systems Inc. | 0.80% | 42,665 | $2.9M | Reduce -24.2% |
| HD Home Depot Inc. | 0.80% | 7,202 | $2.9M | Reduce -39.8% |
| TSCO Tractor Supply Company | 0.79% | 51,039 | $2.9M | Reduce -43.3% |
| BR Broadridge Financial Solutio | 0.78% | 12,030 | $2.9M | Reduce -34.5% |
| JNJ Johnson & Johnson | 0.76% | 15,001 | $2.8M | Reduce -37.2% |
| TTC Toro Co. | 0.76% | 36,399 | $2.8M | Reduce -48.8% |
| BOOT Boot Barn Holdings Inc. | 0.75% | 16,496 | $2.7M | New |
| MTD Mettler-Toledo International | 0.74% | 2,206 | $2.7M | Reduce -30.0% |
| MCO Moody's Corp. | 0.70% | 5,368 | $2.6M | Reduce -23.7% |
| LULU Lululemon Athletica Inc. | 0.67% | 13,760 | $2.4M | Add +10.9% |
| CAT Caterpillar Inc. | 0.67% | 5,115 | $2.4M | Reduce -56.8% |
| DXCM Dexcom Inc. | 0.58% | 31,448 | $2.1M | New |
| COST Costco Wholesale Corp. | 0.55% | 2,175 | $2.0M | Reduce -23.7% |
Portfolio Sells Q2 2025 → Q3 2025
| ANET Arista Networks Inc. | Sold out | 0.00% | −1.28 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.12 |
| G Genpact Ltd. | Sold out | 0.00% | −1.01 |
| ORCL Oracle Corp. | Reduce -70.8% | 0.87% | −0.99 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.95 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.89 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.86 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.55 |
| LLY Eli Lilly & Co. | Reduce -37.4% | 1.48% | −0.47 |
| PEP Pepsico Inc. | Reduce -42.7% | 1.44% | −0.47 |
| TTC Toro Co. | Reduce -48.8% | 0.76% | −0.35 |
| CAT Caterpillar Inc. | Reduce -56.8% | 0.67% | −0.35 |
| FISV Fiserv Inc. | Reduce -11.3% | 1.60% | −0.34 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -49.3% | 1.13% | −0.33 |
| GOOGL Alphabet Inc. Class A | Reduce -44.2% | 6.19% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -23.9% | 4.91% | −0.29 |
| WMS Advanced Drainage Systems Inc. | Reduce -47.9% | 0.98% | −0.28 |
| TSCO Tractor Supply Company | Reduce -43.3% | 0.79% | −0.25 |
| IT Gartner Inc. | Reduce -5.7% | 0.80% | −0.25 |
| MANH Manhattan Associates Inc. | Reduce -40.3% | 0.82% | −0.25 |
| MSI Motorola Solutions Inc. | Reduce -38.6% | 1.15% | −0.24 |
| VRRM Verra Mobility Corp. | Reduce -33.2% | 0.98% | −0.24 |
| BR Broadridge Financial Solutio | Reduce -34.5% | 0.78% | −0.20 |
| ODFL Old Dominion Freight Line | Reduce -23.7% | 0.84% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -23.8% | 2.82% | −0.18 |
| HD Home Depot Inc. | Reduce -39.8% | 0.80% | −0.17 |
| HCA HCA Healthcare Inc. | Reduce -37.9% | 0.96% | −0.16 |
| HLI Houlihan Lokey Inc. | Reduce -37.4% | 1.08% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -32.0% | 1.80% | −0.13 |
| AON Aon PLC Class A | Reduce -23.8% | 1.86% | −0.11 |
| MSCI MSCI Inc. | Reduce -24.4% | 1.28% | −0.11 |
| MCO Moody's Corp. | Reduce -23.7% | 0.70% | −0.08 |
| MTD Mettler-Toledo International | Reduce -30.0% | 0.74% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -23.7% | 0.55% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -23.8% | 1.51% | −0.07 |
| CLH Clean Harbors Inc. | Reduce -23.7% | 1.26% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -24.2% | 0.80% | −0.06 |
| AVGO Broadcom Inc. | Reduce -34.3% | 1.90% | −0.05 |
| CNM Core & Main Inc. Class A | Reduce -13.4% | 1.09% | −0.05 |
| SCI Service Corp. International | Reduce -24.0% | 1.25% | −0.05 |
| JNJ Johnson & Johnson | Reduce -37.2% | 0.76% | −0.04 |
| COR Cencora Inc. | Reduce -23.6% | 1.28% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -23.8% | 1.60% | −0.01 |
| AXP American Express Co. | Reduce -23.6% | 0.82% | −0.01 |
| ACN Accenture PLC Class A | Reduce -2.2% | 1.64% | +0.00 |
| JKHY Jack Henry & Associates Inc. | Reduce -1.6% | 0.88% | +0.01 |
| POOL Pool Corp. | Reduce -23.5% | 0.95% | +0.01 |
| KEYS Keysight Technologies Inc. | Reduce -23.6% | 1.14% | +0.01 |
| NVDA Nvidia Corp. | Reduce -31.4% | 7.73% | +0.03 |
| SNPS Synopsys Inc. | Reduce -10.8% | 1.16% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +4.2% | 6.81% | +2.56 |
| NFLX Netflix Inc. | New | 1.52% | +1.52 |
| TER Teradyne Inc. | New | 1.43% | +1.43 |
| PG The Procter & Gamble Co. | New | 1.38% | +1.38 |
| WM Waste Management Inc. | New | 1.35% | +1.35 |
| CPRT Copart Inc. | New | 1.09% | +1.09 |
| FBIN Fortune Brands Innovations I | New | 0.94% | +0.94 |
| BOOT Boot Barn Holdings Inc. | New | 0.75% | +0.75 |
| BKNG Booking Holdings Inc. | Add +106.9% | 1.11% | +0.64 |
| DXCM Dexcom Inc. | New | 0.58% | +0.58 |
| V Visa Inc. Class A | Add +10.0% | 2.05% | +0.49 |
| VEEV Veeva Systems Inc. Class A | Add +8.4% | 1.13% | +0.32 |
| BJ Bj's Wholesale Club Holdings | Add +11.8% | 1.14% | +0.19 |
| PCTY Paylocity Holding Corp. | Add +1.9% | 1.25% | +0.12 |
| LULU Lululemon Athletica Inc. | Add +10.9% | 0.67% | +0.02 |
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 |