Bellecapital International Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Bellecapital International Ltd. reported 156 stock positions worth $499.2 million. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Walmart (WMT, 4.7%). Compared with Q2 2024, it opened 20 new positions, sold out of 9, added to 45 and reduced 39. The biggest buy was Walmart (WMT, shares +1%) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001600152
- Portfolio Value
- $499.2M (Q3 2024)
- SEC Filing
- 0001600152-24-000004 ↗ filed Oct 21, 2024
Holdings Value
Holdings 156 stocks · $499.2M
| AAPL Apple Inc. | 5.28% | 113,175 | $26.4M | Add +1.9% |
| MSFT Microsoft Corp. | 5.06% | 58,695 | $25.3M | Add +2.0% |
| WMT Walmart Inc. | 4.68% | 289,550 | $23.4M | Add +1.3% |
| COST Costco Wholesale Corp. | 4.48% | 25,238 | $22.4M | Reduce -0.3% |
| MELI MercadoLibre Inc. | 3.95% | 9,618 | $19.7M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 3.90% | 117,435 | $19.5M | Add +2.8% |
| ADBE Adobe Inc. | 3.90% | 37,561 | $19.4M | Add +3.0% |
| ANET Arista Networks Inc. | 3.75% | 48,763 | $18.7M | Add +0.8% |
| AMD Advanced Micro Devices | 3.55% | 108,111 | $17.7M | Add +4.8% |
| BKNG Booking Holdings Inc. | 3.23% | 3,833 | $16.1M | Add +2.2% |
| SPGI S&P Global Inc. | 2.99% | 28,903 | $14.9M | Add +8.1% |
| REGN Regeneron Pharmaceuticals | 2.86% | 13,598 | $14.3M | Add +1.7% |
| FISV Fiserv Inc. | 2.64% | 73,448 | $13.2M | Add +0.9% |
| ABBV Abbvie Inc. | 2.29% | 57,938 | $11.4M | Add +0.4% |
| ZTS Zoetis Inc. | 2.08% | 53,077 | $10.4M | Add +0.6% |
| XMTR Xometry Inc. Class A | 1.95% | 530,781 | $9.8M | Reduce -2.3% |
| FAST Fastenal Co. | 1.91% | 133,314 | $9.5M | Reduce -0.4% |
| TSCO Tractor Supply Company | 1.87% | 32,089 | $9.3M | Add +3.3% |
| PG The Procter & Gamble Co. | 1.79% | 51,638 | $8.9M | Add +1.2% |
| AMZN Amazon.com Inc. | 1.75% | 47,006 | $8.8M | Add +4.2% |
| UNH Unitedhealth Group Inc. | 1.71% | 14,597 | $8.5M | Reduce -2.0% |
| CPRT Copart Inc. | 1.70% | 162,326 | $8.5M | Add +4.6% |
| GOOG Alphabet Inc. Class C | 1.66% | 49,435 | $8.3M | Reduce -7.0% |
| ADP Automatic Data Processing | 1.35% | 24,425 | $6.8M | Add +0.5% |
| TMO Thermo Fisher Scientific Inc. | 1.26% | 10,168 | $6.3M | Add +7.4% |
| GLD SPDR Gold Shares | 1.19% | 24,466 | $5.9M | No change |
| PFE Pfizer Inc. | 1.14% | 196,203 | $5.7M | Add +10.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 11,509 | $5.3M | No change |
| COO The Cooper Cos Inc. | 1.03% | 46,783 | $5.2M | Add +0.1% |
| MMM 3M Co. | 1.01% | 36,925 | $5.0M | Reduce -3.7% |
| IVOL Quadratic Int Rte Vol Infl H | 0.98% | 254,359 | $4.9M | Reduce -6.5% |
| SHOP Shopify Inc. Class A | 0.93% | 57,803 | $4.6M | Add +3.9% |
| CSCO Cisco Systems Inc. | 0.77% | 72,528 | $3.9M | Add +23.1% |
| GRMN Garmin Ltd. | 0.77% | 21,806 | $3.8M | No change |
| NVDA Nvidia Corp. | 0.77% | 31,535 | $3.8M | Reduce -15.8% |
| NFLX Netflix Inc. | 0.76% | 5,377 | $3.8M | Add +8.4% |
| CHD Church & Dwight Co. Inc. | 0.74% | 35,336 | $3.7M | Add +10.0% |
| META Meta Platforms Inc. Class A | 0.72% | 6,271 | $3.6M | Add +0.2% |
| SBUX Starbucks Corp. | 0.52% | 26,877 | $2.6M | Add +5.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.52% | 32,457 | $2.6M | No change |
| CVX Chevron Corp. | 0.51% | 17,314 | $2.5M | Add +80.7% |
| PYPL PayPal Holdings Inc. | 0.50% | 32,293 | $2.5M | Add +9.7% |
| PAGS Pagseguro Digital Ltd. Class A | 0.40% | 232,819 | $2.0M | Add +11.4% |
| F Ford Motor Co. filed as FORD MTR CO | 0.40% | 188,899 | $2.0M | Add +8.8% |
| ARKG ARK Genomic Revolution ETF | 0.38% | 73,583 | $1.9M | Reduce -1.7% |
| DOLE Dole PLC | 0.37% | 114,000 | $1.9M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.37% | 50,875 | $1.8M | Reduce -9.2% |
| LLY Eli Lilly & Co. | 0.37% | 2,069 | $1.8M | Reduce -33.0% |
| T AT&T Inc. | 0.37% | 83,246 | $1.8M | Add +7.9% |
| MO Altria Group Inc. | 0.35% | 34,431 | $1.8M | Add +53.1% |
| VZ Verizon Communications Inc. | 0.34% | 37,857 | $1.7M | Add +8.5% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.33% | 17,276 | $1.6M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.33% | 9,438 | $1.6M | Add +9.6% |
| ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN | 0.33% | 23,308 | $1.6M | Reduce -3.3% |
| GILD Gilead Sciences Inc. | 0.31% | 18,705 | $1.6M | Add +56.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.31% | 9,170 | $1.5M | Add +22.4% |
| DUK Duke Energy Corp. | 0.30% | 13,072 | $1.5M | No change |
| JNJ Johnson & Johnson | 0.28% | 8,635 | $1.4M | Add +9.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 2 | $1.4M | Reduce -80.0% |
| FWONK Liberty Media Corp. Class C | 0.27% | 17,725 | $1.4M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.27% | 12,877 | $1.4M | No change |
| TSLA Tesla Inc. | 0.22% | 4,167 | $1.1M | Reduce -10.2% |
| ISRG Intuitive Surgical Inc. | 0.22% | 2,201 | $1.1M | No change |
| L Loews Corp. | 0.21% | 13,243 | $1.0M | No change |
| FSS Federal Signal Corp. | 0.21% | 11,152 | $1.0M | Reduce -29.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.21% | 9,173 | $1.0M | No change |
| KO The Coca-Cola Co. | 0.18% | 12,500 | $898K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.18% | 8,083 | $880K | Add +149.0% |
| BCC Boise Cascade Co. | 0.16% | 5,565 | $785K | Reduce -35.8% |
| AMGN Amgen Inc. | 0.14% | 2,239 | $721K | Reduce -28.5% |
| CW Curtiss-Wright Corp. | 0.14% | 2,190 | $720K | Reduce -7.9% |
| TMHC Taylor Morrison Home Corp. | 0.14% | 10,036 | $705K | Reduce -38.0% |
| CR Crane Co. | 0.14% | 4,295 | $680K | No change |
| V Visa Inc. Class A | 0.14% | 2,451 | $674K | Reduce -15.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 3,046 | $673K | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.13% | 1,127 | $650K | No change |
| AWK American Water Works Co. Inc. | 0.13% | 4,403 | $644K | Reduce -22.3% |
| TT Trane Technologies PLC | 0.13% | 1,626 | $632K | Reduce -51.5% |
| XOM Exxon Mobil Corp. | 0.12% | 5,259 | $616K | Add +10.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,258 | $614K | Reduce -10.4% |
| UNP Union Pacific Corp. | 0.12% | 2,448 | $603K | Add +0.4% |
| XLK SS Technology Select Sector | 0.12% | 2,645 | $597K | No change |
| ORCL Oracle Corp. | 0.12% | 3,499 | $596K | No change |
| ABM Abm Industries Inc. | 0.12% | 11,250 | $594K | Reduce -29.2% |
| MCD McDonald's Corp. | 0.12% | 1,902 | $579K | Reduce -31.6% |
| JD Jd.com Inc.-ADR | 0.11% | 14,137 | $565K | No change |
| AMAT Applied Materials Inc. | 0.11% | 2,766 | $559K | No change |
| PGR Progressive Corp. | 0.11% | 2,182 | $554K | Reduce -40.6% |
| OEF iShares S&P 100 ETF | 0.11% | 1,996 | $552K | No change |
| EQIX Equinix Inc. | 0.11% | 597 | $530K | Reduce -37.0% |
| EFA iShares MSCI Eafe ETF | 0.10% | 6,166 | $516K | No change |
| HD Home Depot Inc. | 0.10% | 1,249 | $506K | No change |
| TER Teradyne Inc. | 0.09% | 3,416 | $458K | Reduce -31.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.09% | 18,503 | $451K | No change |
| HSY The Hershey Co. | 0.09% | 2,322 | $445K | Reduce -37.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.09% | 8,255 | $443K | No change |
| PTC PTC Inc. | 0.09% | 2,433 | $440K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 5,251 | $437K | Reduce -50.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.09% | 520 | $433K | No change |
| AVGO Broadcom Inc. | 0.09% | 2,500 | $431K | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $4.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 3,631,000 | $3.4M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 1,324,000 | $1.3M | No change |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 150,000 | $138K | No change |
Total filed on the 13F, all lines: $504.0M.
Portfolio Sells Q2 2024 → Q3 2024
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -80.0% | 0.28% | −1.04 |
| GOOG Alphabet Inc. Class C | Reduce -7.0% | 1.66% | −0.44 |
| LLY Eli Lilly & Co. | Reduce -33.0% | 0.37% | −0.23 |
| NVDA Nvidia Corp. | Reduce -15.8% | 0.77% | −0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -77.7% | 0.06% | −0.20 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 4.48% | −0.14 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.14 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.13 |
| TT Trane Technologies PLC | Reduce -51.5% | 0.13% | −0.11 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.10 |
| IVOL Quadratic Int Rte Vol Infl H | Reduce -6.5% | 0.98% | −0.10 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -50.8% | 0.09% | −0.10 |
| FSS Federal Signal Corp. | Reduce -29.6% | 0.21% | −0.08 |
| EW Edwards Lifesciences Corp. | Reduce -31.5% | 0.06% | −0.07 |
| TER Teradyne Inc. | Reduce -31.7% | 0.09% | −0.07 |
| AMGN Amgen Inc. | Reduce -28.5% | 0.14% | −0.07 |
| BCC Boise Cascade Co. | Reduce -35.8% | 0.16% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.06 |
| HSY The Hershey Co. | Reduce -37.8% | 0.09% | −0.06 |
| ABM Abm Industries Inc. | Reduce -29.2% | 0.12% | −0.05 |
| PGR Progressive Corp. | Reduce -40.6% | 0.11% | −0.05 |
| TMHC Taylor Morrison Home Corp. | Reduce -38.0% | 0.14% | −0.05 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.05 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.05 |
| EQIX Equinix Inc. | Reduce -37.0% | 0.11% | −0.05 |
| INTC Intel Corp. | Sold out | 0.00% | −0.04 |
| IBIT iShares Bitcoin Trust ETF | Reduce -9.2% | 0.37% | −0.04 |
| MCD McDonald's Corp. | Reduce -31.6% | 0.12% | −0.04 |
| AWK American Water Works Co. Inc. | Reduce -22.3% | 0.13% | −0.03 |
| V Visa Inc. Class A | Reduce -15.2% | 0.14% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -26.4% | 0.07% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.4% | 0.12% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -27.0% | 0.04% | −0.02 |
| EWL iShares MSCI Switzerland ETF | Reduce -29.6% | 0.04% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -13.7% | 0.06% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -10.0% | 0.04% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.00 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -11.1% | 0.05% | −0.00 |
| ARKG ARK Genomic Revolution ETF | Reduce -1.7% | 0.38% | −0.00 |
| CW Curtiss-Wright Corp. | Reduce -7.9% | 0.14% | +0.01 |
| ZM Zoom Communications Inc. | Reduce -3.3% | 0.33% | +0.02 |
| TSLA Tesla Inc. | Reduce -10.2% | 0.22% | +0.02 |
| UNH Unitedhealth Group Inc. | Reduce -2.0% | 1.71% | +0.08 |
| FAST Fastenal Co. | Reduce -0.4% | 1.91% | +0.10 |
| MMM 3M Co. | Reduce -3.7% | 1.01% | +0.17 |
| MELI MercadoLibre Inc. | Reduce -1.7% | 3.95% | +0.50 |
| XMTR Xometry Inc. Class A | Reduce -2.3% | 1.95% | +0.60 |
Portfolio Buys Q2 2024 → Q3 2024
| WMT Walmart Inc. | Add +1.3% | 4.68% | +0.52 |
| SPGI S&P Global Inc. | Add +8.1% | 2.99% | +0.43 |
| FISV Fiserv Inc. | Add +0.9% | 2.64% | +0.31 |
| AAPL Apple Inc. | Add +1.9% | 5.28% | +0.25 |
| CVX Chevron Corp. | Add +80.7% | 0.51% | +0.19 |
| CSCO Cisco Systems Inc. | Add +23.1% | 0.77% | +0.17 |
| ABBV Abbvie Inc. | Add +0.4% | 2.29% | +0.16 |
| COO The Cooper Cos Inc. | Add +0.1% | 1.03% | +0.16 |
| GILD Gilead Sciences Inc. | Add +56.5% | 0.31% | +0.14 |
| PYPL PayPal Holdings Inc. | Add +9.7% | 0.50% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | Add +7.4% | 1.26% | +0.13 |
| MO Altria Group Inc. | Add +53.1% | 0.35% | +0.13 |
| ZTS Zoetis Inc. | Add +0.6% | 2.08% | +0.11 |
| ADP Automatic Data Processing | Add +0.5% | 1.35% | +0.11 |
| ANET Arista Networks Inc. | Add +0.8% | 3.75% | +0.10 |
| SBUX Starbucks Corp. | Add +5.1% | 0.52% | +0.10 |
| TROW T Rowe Price Group Inc. | Add +149.0% | 0.18% | +0.10 |
| MSTR Strategy Inc. | Add +22.4% | 0.31% | +0.09 |
| AVGO Broadcom Inc. | New | 0.09% | +0.09 |
| PFE Pfizer Inc. | Add +10.3% | 1.14% | +0.07 |
| TSCO Tractor Supply Company | Add +3.3% | 1.87% | +0.07 |
| MFUT Cambria Chesapeake Pure TRND | New | 0.07% | +0.07 |
| TFPN Blueprint Chspk Ma Trend ETF | New | 0.07% | +0.07 |
| ACN Accenture PLC Class A | New | 0.07% | +0.07 |
| TMUS T-Mobile US Inc. | New | 0.07% | +0.07 |
| T AT&T Inc. | Add +7.9% | 0.37% | +0.05 |
| JPM JPMorgan Chase & Co. | New | 0.05% | +0.05 |
| LIN Linde PLC | New | 0.05% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.05% | +0.05 |
| NFLX Netflix Inc. | Add +8.4% | 0.76% | +0.04 |
| CARR Carrier Global Corp. | New | 0.04% | +0.04 |
| VLTO Veralto Corp. | New | 0.04% | +0.04 |
| NKE Nike Inc. Class B | New | 0.04% | +0.04 |
| AXP American Express Co. | New | 0.04% | +0.04 |
| OHI Omega Healthcare Investors | New | 0.04% | +0.04 |
| WDAY Workday Inc. Class A | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | New | 0.04% | +0.04 |
| PM Philip Morris International | New | 0.04% | +0.04 |
| GPK Graphic Packaging Holding Co. | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.72% | +0.04 |
| CI The Cigna Group | New | 0.04% | +0.04 |
| ORI Old Republic Intl Corp. | New | 0.04% | +0.04 |
| BKNG Booking Holdings Inc. | Add +2.2% | 3.23% | +0.04 |
| UBER Uber Technologies Inc. | Add +96.6% | 0.08% | +0.04 |
| JNJ Johnson & Johnson | Add +9.7% | 0.28% | +0.03 |
| VZ Verizon Communications Inc. | Add +8.5% | 0.34% | +0.03 |
| CHD Church & Dwight Co. Inc. | Add +10.0% | 0.74% | +0.03 |
| CLSK Cleanspark Inc. | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | Add +0.8% | 0.13% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.6% | 0.33% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 1,680,000 | $1.7Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 123 | $625.4M | GOOGL, AMD, AAPL, TSM, MSFT |
| Q1 2026Amended | 117 | $554.3M | GOOGL, TSM, AAPL, AMD, MSFT |
| Q4 2025 | 128 | $562.2M | GOOGL, AAPL, AMD, TSM, MSFT |
| Q3 2025 | 131 | $616.8M | MSFT, ANET, GOOGL, TSM, AAPL |
| Q2 2025 | 133 | $559.5M | TRS, MSFT, MELI, TSM, AAPL |
| Q1 2025 | 133 | $500.7M | TRS, AAPL, MSFT, COST, WMT |
| Q4 2024 | 146 | $559.8M | AAPL, TRS, MSFT, WMT, GOOGL |
| Q3 2024 | 156 | $499.2M | AAPL, MSFT, WMT, COST, MELI |
| Q2 2024 | 145 | $465.2M | MSFT, AAPL, COST, GOOGL, ADBE |
| Q1 2024 | 156 | $447.0M | MSFT, AAPL, COST, WMT, ADBE |