Bellecapital International Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), Bellecapital International Ltd. reported 146 stock positions worth $559.8 million. Its top holding was Apple (AAPL) at 5.2% of the portfolio, followed by Trimas (TRS, 5.2%) and Microsoft (MSFT, 4.9%). Compared with Q3 2024, it opened 13 new positions, sold out of 23, added to 50 and reduced 44. The biggest buy was a new position in Trimas (TRS) and the biggest sale an exit from 3M (MMM).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001600152
- Portfolio Value
- $559.8M (Q4 2024)
- SEC Filing
- 0001600152-25-000001 ↗ filed Feb 6, 2025
Holdings Value
Holdings 146 stocks · $559.8M
| AAPL Apple Inc. | 5.25% | 117,254 | $29.4M | Add +3.6% |
| TRS Trimas Corp. | 5.21% | 1,185,855 | $29.2M | New |
| MSFT Microsoft Corp. | 4.89% | 64,951 | $27.4M | Add +10.7% |
| WMT Walmart Inc. | 4.64% | 287,265 | $26.0M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 4.50% | 133,137 | $25.2M | Add +13.4% |
| ANET Arista Networks Inc. | 4.23% | 214,469 | $23.7M | Add +9.9% |
| COST Costco Wholesale Corp. | 4.16% | 25,391 | $23.3M | Add +0.6% |
| XMTR Xometry Inc. Class A | 4.04% | 530,277 | $22.6M | Reduce -0.1% |
| BKNG Booking Holdings Inc. | 3.55% | 4,002 | $19.9M | Add +4.4% |
| ADBE Adobe Inc. | 3.42% | 42,994 | $19.1M | Add +14.5% |
| AMD Advanced Micro Devices | 3.32% | 154,086 | $18.6M | Add +42.5% |
| MELI MercadoLibre Inc. | 3.24% | 10,665 | $18.1M | Add +10.9% |
| SPGI S&P Global Inc. | 2.82% | 31,667 | $15.8M | Add +9.6% |
| FISV Fiserv Inc. | 2.76% | 75,304 | $15.5M | Add +2.5% |
| REGN Regeneron Pharmaceuticals | 2.49% | 19,600 | $14.0M | Add +44.1% |
| AMZN Amazon.com Inc. | 2.17% | 55,330 | $12.1M | Add +17.7% |
| ABBV Abbvie Inc. | 1.99% | 62,569 | $11.1M | Add +8.0% |
| CPRT Copart Inc. | 1.86% | 181,241 | $10.4M | Add +11.7% |
| FAST Fastenal Co. | 1.81% | 140,611 | $10.1M | Add +5.5% |
| GOOG Alphabet Inc. Class C | 1.68% | 49,483 | $9.4M | Add +0.1% |
| ZTS Zoetis Inc. | 1.66% | 56,877 | $9.3M | Add +7.2% |
| TSCO Tractor Supply Company | 1.63% | 171,809 | $9.1M | Add +7.1% |
| PG The Procter & Gamble Co. | 1.57% | 52,264 | $8.8M | Add +1.2% |
| UNH Unitedhealth Group Inc. | 1.47% | 16,227 | $8.2M | Add +11.2% |
| ADP Automatic Data Processing | 1.34% | 25,721 | $7.5M | Add +5.3% |
| SHOP Shopify Inc. Class A | 1.22% | 64,068 | $6.8M | Add +10.8% |
| TMO Thermo Fisher Scientific Inc. | 1.18% | 12,674 | $6.6M | Add +24.6% |
| GLD SPDR Gold Shares | 1.06% | 24,466 | $5.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 11,689 | $5.3M | Add +1.6% |
| NFLX Netflix Inc. | 0.92% | 5,791 | $5.2M | Add +7.7% |
| PFE Pfizer Inc. | 0.83% | 175,840 | $4.7M | Reduce -10.4% |
| NVDA Nvidia Corp. | 0.83% | 34,539 | $4.6M | Add +9.5% |
| GRMN Garmin Ltd. | 0.82% | 22,146 | $4.6M | Add +1.6% |
| CSCO Cisco Systems Inc. | 0.76% | 71,783 | $4.2M | Reduce -1.0% |
| CHD Church & Dwight Co. Inc. | 0.75% | 40,148 | $4.2M | Add +13.6% |
| COO The Cooper Cos Inc. | 0.75% | 45,491 | $4.2M | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 0.71% | 6,750 | $4.0M | Add +7.6% |
| CVX Chevron Corp. | 0.63% | 24,333 | $3.5M | Add +40.5% |
| IBIT iShares Bitcoin Trust ETF | 0.63% | 66,431 | $3.5M | Add +30.6% |
| MO Altria Group Inc. | 0.57% | 60,578 | $3.2M | Add +75.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.46% | 32,457 | $2.6M | No change |
| PYPL PayPal Holdings Inc. | 0.42% | 27,257 | $2.3M | Reduce -15.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.40% | 11,405 | $2.3M | Add +20.8% |
| SBUX Starbucks Corp. | 0.40% | 24,470 | $2.2M | Reduce -9.0% |
| ZM Zoom Communications Inc. | 0.38% | 26,292 | $2.1M | Add +12.8% |
| PAGS Pagseguro Digital Ltd. Class A | 0.36% | 319,221 | $2.0M | Add +37.1% |
| T AT&T Inc. | 0.34% | 83,246 | $1.9M | No change |
| LLY Eli Lilly & Co. | 0.31% | 2,219 | $1.7M | Add +7.3% |
| FWONK Liberty Media Corp. Class C | 0.29% | 17,725 | $1.6M | No change |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.29% | 17,276 | $1.6M | No change |
| DOLE Dole PLC | 0.28% | 114,000 | $1.5M | No change |
| VZ Verizon Communications Inc. | 0.27% | 37,857 | $1.5M | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.24% | 12,051 | $1.4M | Add +49.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.24% | 2 | $1.4M | No change |
| DUK Duke Energy Corp. | 0.24% | 12,446 | $1.3M | Reduce -4.8% |
| ISRG Intuitive Surgical Inc. | 0.24% | 2,536 | $1.3M | Add +15.2% |
| JNJ Johnson & Johnson | 0.22% | 8,545 | $1.2M | Reduce -1.0% |
| L Loews Corp. | 0.20% | 13,243 | $1.1M | No change |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.18% | 9,173 | $980K | No change |
| ARKG ARK Genomic Revolution ETF | 0.16% | 38,263 | $901K | Reduce -48.0% |
| PFF iShares Preferred & Income S | 0.15% | 27,000 | $849K | New |
| KO The Coca-Cola Co. | 0.15% | 13,421 | $836K | Add +7.4% |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 83,047 | $822K | Reduce -56.0% |
| GILD Gilead Sciences Inc. | 0.14% | 8,450 | $781K | Reduce -54.8% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.14% | 2,641 | $765K | Reduce -71.2% |
| AVGO Broadcom Inc. | 0.13% | 3,187 | $739K | Add +27.5% |
| FSS Federal Signal Corp. | 0.12% | 7,461 | $689K | Reduce -33.1% |
| PGR Progressive Corp. | 0.12% | 2,843 | $681K | Add +30.3% |
| V Visa Inc. Class A | 0.12% | 2,142 | $677K | Reduce -12.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 3,021 | $664K | Reduce -0.8% |
| CR Crane Co. | 0.12% | 4,295 | $652K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 1,258 | $643K | No change |
| TSLA Tesla Inc. | 0.11% | 1,583 | $639K | Reduce -62.0% |
| XLK SS Technology Select Sector | 0.11% | 2,539 | $590K | Reduce -4.0% |
| CW Curtiss-Wright Corp. | 0.10% | 1,611 | $572K | Reduce -26.4% |
| XOM Exxon Mobil Corp. | 0.10% | 5,259 | $566K | No change |
| UNP Union Pacific Corp. | 0.10% | 2,438 | $556K | Reduce -0.4% |
| AMGN Amgen Inc. | 0.10% | 2,107 | $549K | Reduce -5.9% |
| TT Trane Technologies PLC | 0.09% | 1,427 | $527K | Reduce -12.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.09% | 750 | $520K | Add +44.2% |
| MMYT Makemytrip Ltd. | 0.09% | 4,490 | $504K | New |
| PM Philip Morris International | 0.09% | 4,100 | $493K | Add +141.2% |
| HD Home Depot Inc. | 0.09% | 1,249 | $486K | No change |
| RBLX Roblox Corp. Class A | 0.08% | 8,130 | $470K | No change |
| NOW ServiceNow Inc. | 0.08% | 426 | $452K | Add +51.6% |
| AMAT Applied Materials Inc. | 0.08% | 2,766 | $450K | No change |
| MCD McDonald's Corp. | 0.08% | 1,520 | $441K | Reduce -20.1% |
| CRM Salesforce Inc. | 0.08% | 1,313 | $439K | Reduce -3.4% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.08% | 8,255 | $425K | No change |
| TMHC Taylor Morrison Home Corp. | 0.07% | 6,669 | $408K | Reduce -33.5% |
| EQIX Equinix Inc. | 0.07% | 430 | $405K | Reduce -28.0% |
| CNM Core & Main Inc. Class A | 0.07% | 7,889 | $402K | Reduce -16.4% |
| TFPN Blueprint Chspk Ma Trend ETF | 0.07% | 16,082 | $399K | Add +20.5% |
| IUSV iShares Core S&P U.S. Value | 0.07% | 4,291 | $397K | No change |
| PTC PTC Inc. | 0.07% | 2,073 | $381K | Reduce -14.8% |
| BCC Boise Cascade Co. | 0.07% | 3,190 | $379K | Reduce -42.7% |
| RSG Republic Services Inc. | 0.07% | 1,872 | $377K | Add +23.4% |
| MFUT Cambria Chesapeake Pure TRND | 0.06% | 21,200 | $353K | Add +16.4% |
| ABM Abm Industries Inc. | 0.06% | 6,859 | $351K | Reduce -39.0% |
| TMUS T-Mobile US Inc. | 0.06% | 1,581 | $349K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $6.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 3,522,000 | $3.3M | Reduce -3.0% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 1,680,000 | $1.6M | New |
| 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 | $140K | No change |
Total filed on the 13F, all lines: $566.2M.
Portfolio Sells Q3 2024 → Q4 2024
| MMM 3M Co. | Sold out | 0.00% | −1.01 |
| IVOL Quadratic Int Rte Vol Infl H | Sold out | 0.00% | −0.98 |
| PFE Pfizer Inc. | Reduce -10.4% | 0.83% | −0.30 |
| COO The Cooper Cos Inc. | Reduce -2.8% | 0.75% | −0.29 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.27 |
| F Ford Motor Co. | Reduce -56.0% | 0.15% | −0.25 |
| ARKG ARK Genomic Revolution ETF | Reduce -48.0% | 0.16% | −0.22 |
| GILD Gilead Sciences Inc. | Reduce -54.8% | 0.14% | −0.17 |
| MSTR Strategy Inc. | Reduce -71.2% | 0.14% | −0.17 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.13 |
| SBUX Starbucks Corp. | Reduce -9.0% | 0.40% | −0.13 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.11 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.11 |
| TSLA Tesla Inc. | Reduce -62.0% | 0.11% | −0.10 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.10 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Sold out | 0.00% | −0.09 |
| BCC Boise Cascade Co. | Reduce -42.7% | 0.07% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -15.6% | 0.42% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.09 |
| FSS Federal Signal Corp. | Reduce -33.1% | 0.12% | −0.09 |
| AWK American Water Works Co. Inc. | Reduce -49.2% | 0.05% | −0.08 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.07 |
| TMHC Taylor Morrison Home Corp. | Reduce -33.5% | 0.07% | −0.07 |
| DUK Duke Energy Corp. | Reduce -4.8% | 0.24% | −0.06 |
| JNJ Johnson & Johnson | Reduce -1.0% | 0.22% | −0.06 |
| ORCL Oracle Corp. | Reduce -41.2% | 0.06% | −0.06 |
| ABM Abm Industries Inc. | Reduce -39.0% | 0.06% | −0.06 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.05 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −0.05 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.05 |
| WMT Walmart Inc. | Reduce -0.8% | 4.64% | −0.05 |
| AMGN Amgen Inc. | Reduce -5.9% | 0.10% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.05 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.04 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.04 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.04 |
| OHI Omega Healthcare Investors | Sold out | 0.00% | −0.04 |
| CW Curtiss-Wright Corp. | Reduce -26.4% | 0.10% | −0.04 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.04 |
| GPK Graphic Packaging Holding Co. | Sold out | 0.00% | −0.04 |
| CI The Cigna Group | Sold out | 0.00% | −0.04 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −0.04 |
| HSY The Hershey Co. | Reduce -27.0% | 0.05% | −0.04 |
| MCD McDonald's Corp. | Reduce -20.1% | 0.08% | −0.04 |
| TER Teradyne Inc. | Reduce -26.7% | 0.06% | −0.04 |
| EQIX Equinix Inc. | Reduce -28.0% | 0.07% | −0.03 |
| TT Trane Technologies PLC | Reduce -12.2% | 0.09% | −0.03 |
| ACN Accenture PLC Class A | Reduce -35.3% | 0.04% | −0.03 |
| COR Cencora Inc. | Reduce -26.7% | 0.05% | −0.03 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| TRS Trimas Corp. | New | 5.21% | +5.21 |
| GOOGL Alphabet Inc. Class A | Add +13.4% | 4.50% | +0.60 |
| ANET Arista Networks Inc. | Add +9.9% | 4.23% | +0.49 |
| AMZN Amazon.com Inc. | Add +17.7% | 2.17% | +0.41 |
| BKNG Booking Holdings Inc. | Add +4.4% | 3.55% | +0.32 |
| SHOP Shopify Inc. Class A | Add +10.8% | 1.22% | +0.29 |
| IBIT iShares Bitcoin Trust ETF | Add +30.6% | 0.63% | +0.26 |
| MO Altria Group Inc. | Add +75.9% | 0.57% | +0.21 |
| NFLX Netflix Inc. | Add +7.7% | 0.92% | +0.16 |
| CPRT Copart Inc. | Add +11.7% | 1.86% | +0.15 |
| PFF iShares Preferred & Income S | New | 0.15% | +0.15 |
| FISV Fiserv Inc. | Add +2.5% | 2.76% | +0.12 |
| CVX Chevron Corp. | Add +40.5% | 0.63% | +0.12 |
| MMYT Makemytrip Ltd. | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +20.8% | 0.40% | +0.07 |
| TROW T Rowe Price Group Inc. | Add +49.1% | 0.24% | +0.07 |
| NVDA Nvidia Corp. | Add +9.5% | 0.83% | +0.06 |
| ZM Zoom Communications Inc. | Add +12.8% | 0.38% | +0.06 |
| GRMN Garmin Ltd. | Add +1.6% | 0.82% | +0.05 |
| PM Philip Morris International | Add +141.2% | 0.09% | +0.05 |
| AVGO Broadcom Inc. | Add +27.5% | 0.13% | +0.05 |
| VRT Vertiv Holdings Co. Class A | New | 0.04% | +0.04 |
| AJG Arthur J Gallagher & Co. | New | 0.04% | +0.04 |
| CSX CSX Corp. | New | 0.04% | +0.04 |
| FICO Fair Isaac Corp. | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | New | 0.04% | +0.04 |
| TW Tradeweb Markets Inc. Class A | New | 0.04% | +0.04 |
| XLE SS Energy Select Sector | New | 0.04% | +0.04 |
| HG Hamilton Insurance Grou Class B | New | 0.03% | +0.03 |
| NOW ServiceNow Inc. | Add +51.6% | 0.08% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 1.68% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +15.2% | 0.24% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +53.8% | 0.06% | +0.02 |
| PGR Progressive Corp. | Add +30.3% | 0.12% | +0.01 |
| SFIX Stitch Fix Inc. Class A | New | 0.01% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +13.6% | 0.75% | +0.01 |
| LIN Linde PLC | Add +52.7% | 0.06% | +0.01 |
| RSG Republic Services Inc. | Add +23.4% | 0.07% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +44.2% | 0.09% | +0.01 |
| TFPN Blueprint Chspk Ma Trend ETF | Add +20.5% | 0.07% | +0.00 |
| GNS Genius Group Ltd. | New | 0.00% | +0.00 |
| MFUT Cambria Chesapeake Pure TRND | Add +16.4% | 0.06% | −0.00 |
| ADP Automatic Data Processing | Add +5.3% | 1.34% | −0.01 |
| META Meta Platforms Inc. Class A | Add +7.6% | 0.71% | −0.01 |
| KO The Coca-Cola Co. | Add +7.4% | 0.15% | −0.03 |
| AAPL Apple Inc. | Add +3.6% | 5.25% | −0.04 |
| PAGS Pagseguro Digital Ltd. Class A | Add +37.1% | 0.36% | −0.04 |
| LLY Eli Lilly & Co. | Add +7.3% | 0.31% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +24.6% | 1.18% | −0.08 |
| FAST Fastenal Co. | Add +5.5% | 1.81% | −0.10 |
Notes & Other Activity Q3 2024 → Q4 2024
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Reduce -3.0% | 3,522,000 | $3.3M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | New | 1,680,000 | $1.6M |
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 |