Bell Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Bell Asset Management Ltd reported 59 stock positions worth $374.1 million. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Alphabet Class A (GOOGL, 6.8%) and Microsoft (MSFT, 6.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 10, added to 37 and reduced 16. The biggest buy was a new position in JPMorgan Chase (JPM) and the biggest sale Apple (AAPL, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- Melbourne, C3
- CIK
- 0001681004
- Portfolio Value
- $374.1M (Q4 2025)
- SEC Filing
- 0001172661-26-000969 ↗ filed Feb 17, 2026
Holdings Value
Holdings 59 stocks · $374.1M
| NVDA Nvidia Corp. | 8.27% | 164,519 | $30.9M | Add +8.6% |
| GOOGL Alphabet Inc. Class A | 6.82% | 81,180 | $25.5M | Reduce -12.8% |
| MSFT Microsoft Corp. | 6.80% | 52,376 | $25.4M | Add +6.6% |
| AMZN Amazon.com Inc. | 5.15% | 83,091 | $19.3M | Add +1.5% |
| AAPL Apple Inc. | 5.09% | 69,815 | $19.1M | Reduce -28.6% |
| AVGO Broadcom Inc. | 3.07% | 33,052 | $11.5M | Add +56.5% |
| META Meta Platforms Inc. Class A | 2.53% | 14,268 | $9.5M | Add +1.5% |
| V Visa Inc. Class A | 2.33% | 24,683 | $8.7M | Add +12.5% |
| JPM JPMorgan Chase & Co. | 2.25% | 26,004 | $8.4M | New |
| ACN Accenture PLC Class A | 1.75% | 24,287 | $6.5M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 1.74% | 11,327 | $6.5M | Add +16.9% |
| MSI Motorola Solutions Inc. | 1.65% | 16,111 | $6.2M | Add +74.8% |
| MRSH Marsh & McLennan Cos | 1.61% | 32,325 | $6.0M | Reduce -11.6% |
| WM Waste Management Inc. | 1.59% | 26,972 | $6.0M | Add +20.4% |
| PG The Procter & Gamble Co. | 1.57% | 40,793 | $5.9M | Add +24.0% |
| ORCL Oracle Corp. | 1.56% | 29,799 | $5.8M | Add +164.4% |
| AON Aon PLC Class A | 1.51% | 15,941 | $5.7M | Reduce -16.4% |
| PCTY Paylocity Holding Corp. | 1.51% | 36,764 | $5.6M | Add +28.1% |
| SPGI S&P Global Inc. | 1.48% | 10,562 | $5.6M | Add +22.8% |
| UNH Unitedhealth Group Inc. | 1.46% | 16,543 | $5.5M | Reduce -13.1% |
| TMO Thermo Fisher Scientific Inc. | 1.36% | 8,709 | $5.1M | Add +16.6% |
| UBER Uber Technologies Inc. | 1.32% | 60,576 | $5.0M | Add +1.6% |
| HD Home Depot Inc. | 1.28% | 13,782 | $4.8M | Add +91.4% |
| FBIN Fortune Brands Innovations I | 1.25% | 92,676 | $4.7M | Add +43.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.25% | 51,456 | $4.7M | Add +14.8% |
| NKE Nike Inc. Class B | 1.23% | 72,250 | $4.6M | New |
| ZTS Zoetis Inc. | 1.19% | 35,168 | $4.4M | Add +20.1% |
| SNPS Synopsys Inc. | 1.17% | 9,325 | $4.4M | Add +8.9% |
| MSCI MSCI Inc. | 1.17% | 7,582 | $4.4M | Reduce -8.1% |
| SCI Service Corp. International | 1.17% | 55,932 | $4.4M | Add +1.7% |
| KEYS Keysight Technologies Inc. | 1.16% | 21,231 | $4.3M | Reduce -11.2% |
| ODFL Old Dominion Freight Line | 1.16% | 27,308 | $4.3M | Add +25.7% |
| VEEV Veeva Systems Inc. Class A | 1.11% | 18,474 | $4.2M | Add +33.1% |
| DXCM Dexcom Inc. | 1.11% | 62,173 | $4.1M | Add +97.7% |
| BKNG Booking Holdings Inc. | 1.08% | 751 | $4.0M | Add +0.3% |
| HLI Houlihan Lokey Inc. | 1.07% | 22,891 | $4.0M | Add +19.3% |
| BR Broadridge Financial Solutio | 1.07% | 17,777 | $4.0M | Add +47.8% |
| TSCO Tractor Supply Company | 1.07% | 79,593 | $4.0M | Add +56.0% |
| GWW WW Grainger Inc. | 1.07% | 3,930 | $4.0M | New |
| CNM Core & Main Inc. Class A | 1.06% | 75,688 | $4.0M | Add +1.7% |
| CLH Clean Harbors Inc. | 1.04% | 16,511 | $3.9M | Reduce -17.0% |
| MANH Manhattan Associates Inc. | 1.03% | 22,190 | $3.9M | Add +52.2% |
| POOL Pool Corp. | 1.03% | 16,719 | $3.8M | Add +49.8% |
| TER Teradyne Inc. | 1.02% | 19,704 | $3.8M | Reduce -48.0% |
| LPLA LPL Financial Holdings Inc. | 0.98% | 10,283 | $3.7M | New |
| CPRT Copart Inc. | 0.95% | 90,066 | $3.6M | Add +1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.95% | 11,599 | $3.5M | Reduce -21.9% |
| SFM Sprouts Farmers Market Inc. | 0.94% | 43,598 | $3.5M | New |
| COR Cencora Inc. | 0.92% | 10,167 | $3.5M | Reduce -32.1% |
| WMS Advanced Drainage Systems Inc. | 0.91% | 23,295 | $3.4M | Reduce -10.1% |
| CSCO Cisco Systems Inc. | 0.89% | 43,160 | $3.3M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.88% | 3,034 | $3.3M | Reduce -57.3% |
| MCD McDonald's Corp. | 0.87% | 10,611 | $3.3M | New |
| NFLX Netflix Inc. | 0.87% | 34,413 | $3.2M | Reduce -25.7% |
| BOOT Boot Barn Holdings Inc. | 0.85% | 17,870 | $3.2M | Add +8.3% |
| TTC Toro Co. | 0.78% | 37,035 | $2.9M | Add +1.8% |
| MTD Mettler-Toledo International | 0.75% | 2,012 | $2.8M | Reduce -8.8% |
| MCO Moody's Corp. | 0.74% | 5,403 | $2.8M | Add +0.7% |
| COST Costco Wholesale Corp. | 0.51% | 2,202 | $1.9M | Add +1.2% |
Portfolio Sells Q3 2025 → Q4 2025
| AAPL Apple Inc. | Reduce -28.6% | 5.09% | −1.71 |
| FISV Fiserv Inc. | Sold out | 0.00% | −1.60 |
| PEP Pepsico Inc. | Sold out | 0.00% | −1.44 |
| VRRM Verra Mobility Corp. | Sold out | 0.00% | −0.98 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.96 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.88 |
| AXP American Express Co. | Sold out | 0.00% | −0.82 |
| IT Gartner Inc. | Sold out | 0.00% | −0.80 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.76 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.67 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.67 |
| NFLX Netflix Inc. | Reduce -25.7% | 0.87% | −0.65 |
| LLY Eli Lilly & Co. | Reduce -57.3% | 0.88% | −0.61 |
| TER Teradyne Inc. | Reduce -48.0% | 1.02% | −0.40 |
| MRSH Marsh & McLennan Cos | Reduce -11.6% | 1.61% | −0.40 |
| COR Cencora Inc. | Reduce -32.1% | 0.92% | −0.36 |
| AON Aon PLC Class A | Reduce -16.4% | 1.51% | −0.34 |
| UNH Unitedhealth Group Inc. | Reduce -13.1% | 1.46% | −0.33 |
| CLH Clean Harbors Inc. | Reduce -17.0% | 1.04% | −0.23 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -21.9% | 0.95% | −0.19 |
| MSCI MSCI Inc. | Reduce -8.1% | 1.17% | −0.11 |
| WMS Advanced Drainage Systems Inc. | Reduce -10.1% | 0.91% | −0.07 |
| MTD Mettler-Toledo International | Reduce -8.8% | 0.75% | +0.01 |
| KEYS Keysight Technologies Inc. | Reduce -11.2% | 1.16% | +0.02 |
| ACN Accenture PLC Class A | Reduce -0.4% | 1.75% | +0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -12.8% | 6.82% | +0.63 |
Portfolio Buys Q3 2025 → Q4 2025
| JPM JPMorgan Chase & Co. | New | 2.25% | +2.25 |
| NKE Nike Inc. Class B | New | 1.23% | +1.23 |
| AVGO Broadcom Inc. | Add +56.5% | 3.07% | +1.17 |
| GWW WW Grainger Inc. | New | 1.07% | +1.07 |
| LPLA LPL Financial Holdings Inc. | New | 0.98% | +0.98 |
| SFM Sprouts Farmers Market Inc. | New | 0.94% | +0.94 |
| MCD McDonald's Corp. | New | 0.87% | +0.87 |
| ORCL Oracle Corp. | Add +164.4% | 1.56% | +0.70 |
| NVDA Nvidia Corp. | Add +8.6% | 8.27% | +0.54 |
| DXCM Dexcom Inc. | Add +97.7% | 1.11% | +0.53 |
| MSI Motorola Solutions Inc. | Add +74.8% | 1.65% | +0.50 |
| HD Home Depot Inc. | Add +91.4% | 1.28% | +0.48 |
| TMO Thermo Fisher Scientific Inc. | Add +16.6% | 1.36% | +0.37 |
| SPGI S&P Global Inc. | Add +22.8% | 1.48% | +0.34 |
| ODFL Old Dominion Freight Line | Add +25.7% | 1.16% | +0.32 |
| FBIN Fortune Brands Innovations I | Add +43.7% | 1.25% | +0.31 |
| BR Broadridge Financial Solutio | Add +47.8% | 1.07% | +0.28 |
| V Visa Inc. Class A | Add +12.5% | 2.33% | +0.28 |
| TSCO Tractor Supply Company | Add +56.0% | 1.07% | +0.27 |
| PCTY Paylocity Holding Corp. | Add +28.1% | 1.51% | +0.26 |
| WM Waste Management Inc. | Add +20.4% | 1.59% | +0.24 |
| AMZN Amazon.com Inc. | Add +1.5% | 5.15% | +0.24 |
| MA Mastercard Inc. Class A | Add +16.9% | 1.74% | +0.23 |
| MANH Manhattan Associates Inc. | Add +52.2% | 1.03% | +0.22 |
| PG The Procter & Gamble Co. | Add +24.0% | 1.57% | +0.19 |
| BJ Bj's Wholesale Club Holdings | Add +14.8% | 1.25% | +0.10 |
| BOOT Boot Barn Holdings Inc. | Add +8.3% | 0.85% | +0.10 |
| CSCO Cisco Systems Inc. | Add +1.2% | 0.89% | +0.10 |
| POOL Pool Corp. | Add +49.8% | 1.03% | +0.08 |
| MCO Moody's Corp. | Add +0.7% | 0.74% | +0.04 |
| TTC Toro Co. | Add +1.8% | 0.78% | +0.03 |
| SNPS Synopsys Inc. | Add +8.9% | 1.17% | +0.02 |
| ZTS Zoetis Inc. | Add +20.1% | 1.19% | +0.02 |
| HLI Houlihan Lokey Inc. | Add +19.3% | 1.07% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Add +33.1% | 1.11% | −0.02 |
| BKNG Booking Holdings Inc. | Add +0.3% | 1.08% | −0.02 |
| CNM Core & Main Inc. Class A | Add +1.7% | 1.06% | −0.04 |
| COST Costco Wholesale Corp. | Add +1.2% | 0.51% | −0.04 |
| SCI Service Corp. International | Add +1.7% | 1.17% | −0.08 |
| CPRT Copart Inc. | Add +1.6% | 0.95% | −0.14 |
| MSFT Microsoft Corp. | Add +6.6% | 6.80% | −0.16 |
| UBER Uber Technologies Inc. | Add +1.6% | 1.32% | −0.27 |
| META Meta Platforms Inc. Class A | Add +1.5% | 2.53% | −0.29 |
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 |