Bellecapital International Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Bellecapital International Ltd. reported 117 stock positions worth $554.3 million. Its top holding was Alphabet Class A (GOOGL) at 6.0% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 5.6%) and Apple (AAPL, 5.2%). Compared with Q4 2025, it opened 22 new positions, sold out of 33, added to 31 and reduced 45. The biggest buy was Brookfield (BN, shares +5568%) and the biggest sale an exit from Trimas (TRS).

Most Recent 13F
Q2 2026
Location
ZURICH, V8
CIK
0001600152
Portfolio Value
$554.3M (Q1 2026)
SEC Filing
0001600152-26-000003 ↗ filed May 12, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $447.0M Q1 2024 Q2 2024: $465.2M Q2 2024 Q3 2024: $499.2M Q3 2024 Q4 2024: $559.8M Q4 2024 Q1 2025: $500.7M Q1 2025 Q2 2025: $559.5M Q2 2025 Q3 2025: $616.8M Q3 2025 Q4 2025: $562.2M Q4 2025 Q1 2026: $554.3M $554.3M Q1 2026 Q2 2026: $625.4M Q2 2026

Holdings 117 stocks · $554.3M
GOOGL Alphabet Inc. Class A 6.02% 116,012 $33.4M Reduce -5.0%
TSM Taiwan Semiconductor-SP ADR 5.61% 92,083 $31.1M Add +1.1%
AAPL Apple Inc. 5.15% 112,489 $28.5M Reduce -2.1%
AMD Advanced Micro Devices 4.57% 124,490 $25.3M Reduce -4.0%
MSFT Microsoft Corp. 4.26% 63,734 $23.6M Add +17.7%
WMT Walmart Inc. 3.64% 162,555 $20.2M Reduce -3.6%
ANET Arista Networks Inc. 3.46% 156,106 $19.2M Add +6.6%
REGN Regeneron Pharmaceuticals 3.39% 24,286 $18.8M Add +5.1%
COST Costco Wholesale Corp. 3.31% 18,402 $18.3M Add +3.7%
MELI MercadoLibre Inc. 2.87% 9,187 $15.9M Add +8.7%
SNPS Synopsys Inc. 2.83% 39,531 $15.7M Add +11.2%
META Meta Platforms Inc. Class A 2.67% 25,878 $14.8M Add +11.8%
ABBV Abbvie Inc. 2.62% 66,887 $14.5M Add +3.3%
BN Brookfield Corp. 2.54% 347,621 $14.1M Add +5568.0%
BKNG Booking Holdings Inc. 2.54% 3,339 $14.1M Add +2.8%
FAST Fastenal Co. 2.36% 282,028 $13.1M Add +1.8%
AMZN Amazon.com Inc. 2.25% 59,892 $12.5M Reduce -2.9%
XMTR Xometry Inc. Class A 2.21% 299,266 $12.2M Add +4.7%
RACE Ferrari NV 2.16% 35,936 $12.0M New
SPGI S&P Global Inc. 2.05% 26,716 $11.4M Reduce -5.6%
SHOP Shopify Inc. Class A 1.74% 81,398 $9.7M Add +6.2%
ADBE Adobe Inc. 1.72% 39,157 $9.5M Add +8.6%
BRK.A Berkshire Hathaway Inc. Class A 1.55% 12 $8.6M Reduce -14.3%
TTE Totalenergies SE 1.54% 91,532 $8.5M New
TSCO Tractor Supply Company 1.44% 175,795 $8.0M Add +8.6%
AVDV Avantis Intl S/C Value ETF 1.43% 79,245 $7.9M New
TMO Thermo Fisher Scientific Inc. 1.42% 16,038 $7.9M Add +6.0%
PFE Pfizer Inc. 1.30% 256,482 $7.2M Add +6.3%
GLD SPDR Gold Shares 1.26% 16,241 $7.0M Add +6.3%
AMRZ Amrize Ltd. 1.09% 111,475 $6.1M New
NFLX Netflix Inc. 1.04% 60,223 $5.8M Add +10.7%
NVDA Nvidia Corp. 0.98% 31,187 $5.4M Reduce -20.1%
AVEM Avantis Emerging Markets Eq 0.94% 64,859 $5.2M New
LOGI Logitech International-Reg 0.93% 57,152 $5.2M New
MO Altria Group Inc. 0.87% 72,671 $4.8M Add +5.3%
IBIT iShares Bitcoin Trust ETF 0.86% 124,241 $4.8M Add +37.3%
BRK.B Berkshire Hathaway Inc. Class B 0.82% 9,536 $4.6M Reduce -18.5%
CPRT Copart Inc. 0.82% 136,845 $4.5M Reduce -3.8%
VCSH Vanguard S/T Corp. Bond ETF 0.80% 55,918 $4.4M Add +1558.8%
IAU iShares Gold Trust 0.79% 49,959 $4.4M Add +4.1%
JNJ Johnson & Johnson 0.51% 11,472 $2.8M Reduce -24.5%
ISRG Intuitive Surgical Inc. 0.45% 5,439 $2.5M Reduce -1.3%
GOOG Alphabet Inc. Class C 0.42% 8,203 $2.4M Reduce -23.1%
ADP Automatic Data Processing 0.41% 11,195 $2.3M Reduce -14.2%
KO The Coca-Cola Co. 0.40% 29,420 $2.2M Reduce -22.9%
UBS UBS Group AG-Reg 0.39% 56,150 $2.2M New
MCD McDonald's Corp. 0.34% 6,056 $1.9M Add +2.5%
LLY Eli Lilly & Co. 0.29% 1,739 $1.6M Add +0.8%
PSX Phillips 66 0.29% 8,680 $1.6M Add +15.2%
AMAT Applied Materials Inc. 0.28% 4,533 $1.5M Reduce -6.3%
DUK Duke Energy Corp. 0.27% 11,553 $1.5M Reduce -3.6%
FWONK Liberty Media Corp. Class C 0.27% 17,575 $1.5M Reduce -0.8%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.27% 15,959 $1.5M Reduce -0.2%
VCIT Vanguard Int-Term Corporate 0.26% 17,321 $1.4M Reduce -11.7%
ZM Zoom Communications Inc. 0.23% 15,972 $1.3M Reduce -28.1%
PM Philip Morris International 0.20% 6,819 $1.1M Reduce -24.1%
MEAR Ishrs Short Mat Muni Act ETF 0.18% 19,908 $1.0M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.18% 9,173 $1000K No change
AVGO Broadcom Inc. 0.18% 3,224 $998K Reduce -9.1%
LULU Lululemon Athletica Inc. 0.15% 5,525 $846K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.15% 638 $843K Reduce -24.1%
CSCO Cisco Systems Inc. 0.15% 10,815 $839K Reduce -62.1%
PFF iShares Preferred & Income S 0.15% 27,000 $819K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.14% 9,631 $766K Reduce -55.5%
XMMO Invesco S&P Midcap Momentum 0.14% 5,161 $748K New
WPM Wheaton Precious Metals Corp. 0.13% 5,559 $728K New
XSMO Invesco S&P Smallcap Momentu 0.13% 9,545 $726K New
PG The Procter & Gamble Co. 0.12% 4,703 $679K Reduce -39.6%
FICO Fair Isaac Corp. 0.12% 622 $664K Add +20.1%
ORCL Oracle Corp. 0.12% 4,499 $662K No change
XOM Exxon Mobil Corp. 0.11% 3,730 $633K Reduce -35.7%
XLK SS Technology Select Sector 0.11% 4,460 $593K No change
SBUX Starbucks Corp. 0.10% 6,211 $556K Reduce -46.9%
AZN Astrazeneca PLC 0.09% 2,561 $497K New
IGIB iShares 5-10Y Inv Grade Corp. 0.09% 8,936 $476K Reduce -4.3%
TFPN Blueprint Chspk Ma Trend ETF 0.08% 16,584 $461K Add +15.4%
RBLX Roblox Corp. Class A 0.08% 8,130 $460K No change
DBMF Imgp Dbi MFT STR ETF-Usd Inc. 0.08% 14,966 $451K New
DSGX The Descartes Systems Grp 0.08% 6,202 $444K New
IUSV iShares Core S&P U.S. Value 0.08% 4,291 $439K No change
QCOM Qualcomm Inc. 0.08% 3,361 $433K Add +11.2%
VRT Vertiv Holdings Co. Class A 0.07% 1,649 $413K Reduce -46.0%
JPM JPMorgan Chase & Co. 0.07% 1,376 $405K Reduce -2.2%
CVX Chevron Corp. 0.07% 1,875 $388K No change
IJH iShares Core S&P Midcap ETF 0.07% 5,650 $382K New
FCX Freeport-McMoran Inc. 0.07% 6,426 $378K Reduce -20.7%
V Visa Inc. Class A 0.06% 1,155 $349K Reduce -9.8%
MRK Merck & Co. Inc. 0.06% 2,871 $345K Reduce -5.1%
PYPL PayPal Holdings Inc. 0.06% 7,591 $343K Reduce -46.4%
CMBT CMB Tech NV 0.06% 26,185 $331K New
STRL Sterling Infrastructure Inc. 0.06% 786 $320K New
GILD Gilead Sciences Inc. 0.06% 2,278 $317K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 1,223 $296K Reduce -58.1%
HD Home Depot Inc. 0.05% 893 $294K Reduce -53.6%
ECL Ecolab Inc. 0.05% 1,100 $293K No change
PAGS Pagseguro Digital Ltd. Class A 0.05% 28,950 $290K Reduce -73.0%
SO The Southern Co. 0.05% 3,000 $290K No change
BABA Alibaba Group Holding-SP ADR 0.05% 2,285 $287K No change
JAAA Janus Henderson Aaa Clo ETF 0.05% 5,373 $271K New
MFUT Cambria Chesapeake Pure TRND 0.05% 15,367 $270K Reduce -14.1%

Show all 117 holdings

Options reported separately and not counted above: ALC calls ($623).

Portfolio Sells Q4 2025 → Q1 2026
TRS Trimas Corp. Sold out 0.00% −4.32
UNH Unitedhealth Group Inc. Sold out 0.00% −1.02
GOOGL Alphabet Inc. Class A Reduce -5.0% 6.02% −0.78
SPGI S&P Global Inc. Reduce -5.6% 2.05% −0.58
AAPL Apple Inc. Reduce -2.1% 5.15% −0.40
AMD Advanced Micro Devices Reduce -4.0% 4.57% −0.37
TSLA Tesla Inc. Sold out 0.00% −0.33
BRK.A Berkshire Hathaway Inc. Class A Reduce -14.3% 1.55% −0.32
NVDA Nvidia Corp. Reduce -20.1% 0.98% −0.31
AMZN Amazon.com Inc. Reduce -2.9% 2.25% −0.28
MSTR Strategy Inc. Sold out 0.00% −0.24
CSCO Cisco Systems Inc. Reduce -62.1% 0.15% −0.24
BRK.B Berkshire Hathaway Inc. Class B Reduce -18.5% 0.82% −0.22
ADP Automatic Data Processing Reduce -14.2% 0.41% −0.19
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -55.5% 0.14% −0.17
GOOG Alphabet Inc. Class C Reduce -23.1% 0.42% −0.17
CPRT Copart Inc. Reduce -3.8% 0.82% −0.17
PAGS Pagseguro Digital Ltd. Class A Reduce -73.0% 0.05% −0.13
SLV iShares Silver Trust Sold out 0.00% −0.11
ZM Zoom Communications Inc. Reduce -28.1% 0.23% −0.11
ISRG Intuitive Surgical Inc. Reduce -1.3% 0.45% −0.10
IBM Intl Business Machines Corp. Reduce -58.1% 0.05% −0.10
UBER Uber Technologies Inc. Sold out 0.00% −0.09
PYPL PayPal Holdings Inc. Reduce -46.4% 0.06% −0.09
PANW Palo Alto Networks Inc. Sold out 0.00% −0.08
PG The Procter & Gamble Co. Reduce -39.6% 0.12% −0.08
SBUX Starbucks Corp. Reduce -46.9% 0.10% −0.07
KO The Coca-Cola Co. Reduce -22.9% 0.40% −0.07
HD Home Depot Inc. Reduce -53.6% 0.05% −0.06
JNJ Johnson & Johnson Reduce -24.5% 0.51% −0.05
PM Philip Morris International Reduce -24.1% 0.20% −0.05
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.05
HG Hamilton Insurance Grou Class B Sold out 0.00% −0.05
RSG Republic Services Inc. Sold out 0.00% −0.05
NOW ServiceNow Inc. Sold out 0.00% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.05
ORI Old Republic Intl Corp. Sold out 0.00% −0.05
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.05
CSX CSX Corp. Sold out 0.00% −0.05
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.04
CRM Salesforce Inc. Reduce -31.8% 0.04% −0.04
APP AppLovin Corp. Class A Sold out 0.00% −0.04
ADI Analog Devices Inc. Sold out 0.00% −0.04
CR Crane Co. Sold out 0.00% −0.04
EXPE Expedia Group Inc. Sold out 0.00% −0.04
EWL iShares MSCI Switzerland ETF Sold out 0.00% −0.04
FWONK Liberty Media Corp. Class C Reduce -0.8% 0.27% −0.04
CW Curtiss-Wright Corp. Sold out 0.00% −0.04
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.04
CEG Constellation Energy Sold out 0.00% −0.04

Portfolio Buys Q4 2025 → Q1 2026
BN Brookfield Corp. Add +5568.0% 2.54% +2.49
RACE Ferrari NV New 2.16% +2.16
TTE Totalenergies SE New 1.54% +1.54
AVDV Avantis Intl S/C Value ETF New 1.43% +1.43
AMRZ Amrize Ltd. New 1.09% +1.09
AVEM Avantis Emerging Markets Eq New 0.94% +0.94
LOGI Logitech International-Reg New 0.93% +0.93
VCSH Vanguard S/T Corp. Bond ETF Add +1558.8% 0.80% +0.75
TSM Taiwan Semiconductor-SP ADR Add +1.1% 5.61% +0.69
COST Costco Wholesale Corp. Add +3.7% 3.31% +0.59
UBS UBS Group AG-Reg New 0.39% +0.39
FAST Fastenal Co. Add +1.8% 2.36% +0.38
PFE Pfizer Inc. Add +6.3% 1.30% +0.23
REGN Regeneron Pharmaceuticals Add +5.1% 3.39% +0.21
GLD SPDR Gold Shares Add +6.3% 1.26% +0.18
MO Altria Group Inc. Add +5.3% 0.87% +0.16
NFLX Netflix Inc. Add +10.7% 1.04% +0.14
XMMO Invesco S&P Midcap Momentum New 0.14% +0.14
WPM Wheaton Precious Metals Corp. New 0.13% +0.13
XSMO Invesco S&P Smallcap Momentu New 0.13% +0.13
PSX Phillips 66 Add +15.2% 0.29% +0.11
IAU iShares Gold Trust Add +4.1% 0.79% +0.10
AZN Astrazeneca PLC New 0.09% +0.09
DBMF Imgp Dbi MFT STR ETF-Usd Inc. New 0.08% +0.08
DSGX The Descartes Systems Grp New 0.08% +0.08
IJH iShares Core S&P Midcap ETF New 0.07% +0.07
IBIT iShares Bitcoin Trust ETF Add +37.3% 0.86% +0.06
CMBT CMB Tech NV New 0.06% +0.06
STRL Sterling Infrastructure Inc. New 0.06% +0.06
JAAA Janus Henderson Aaa Clo ETF New 0.05% +0.05
SUNB Sunbelt Rentals Holdings Inc. New 0.05% +0.05
ANET Arista Networks Inc. Add +6.6% 3.46% +0.05
GD General Dynamics Corp. New 0.05% +0.05
VOO Vanguard S&P 500 ETF New 0.04% +0.04
MCK McKesson Corp. New 0.04% +0.04
IWM iShares Russell 2000 ETF New 0.04% +0.04
MCD McDonald's Corp. Add +2.5% 0.34% +0.02
TFPN Blueprint Chspk Ma Trend ETF Add +15.4% 0.08% +0.02
DDOG Datadog Inc. Class A Add +11.4% 0.04% −0.00
TSCO Tractor Supply Company Add +8.6% 1.44% −0.00
ABBV Abbvie Inc. Add +3.3% 2.62% −0.01
QCOM Qualcomm Inc. Add +11.2% 0.08% −0.01
FICO Fair Isaac Corp. Add +20.1% 0.12% −0.04
LLY Eli Lilly & Co. Add +0.8% 0.29% −0.04
META Meta Platforms Inc. Class A Add +11.8% 2.67% −0.05
TMO Thermo Fisher Scientific Inc. Add +6.0% 1.42% −0.14
SNPS Synopsys Inc. Add +11.2% 2.83% −0.14
MELI MercadoLibre Inc. Add +8.7% 2.87% −0.16
MSFT Microsoft Corp. Add +17.7% 4.26% −0.40
SHOP Shopify Inc. Class A Add +6.2% 1.74% −0.45

Options Activity Q4 2025 → Q1 2026
ALC Alcon Inc. call New 62,300 $623

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Sold out 1,147,000 $1.1Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 123$625.4MGOOGL, AMD, AAPL, TSM, MSFT
Q1 2026Amended 117$554.3MGOOGL, TSM, AAPL, AMD, MSFT
Q4 2025 128$562.2MGOOGL, AAPL, AMD, TSM, MSFT
Q3 2025 131$616.8MMSFT, ANET, GOOGL, TSM, AAPL
Q2 2025 133$559.5MTRS, MSFT, MELI, TSM, AAPL
Q1 2025 133$500.7MTRS, AAPL, MSFT, COST, WMT
Q4 2024 146$559.8MAAPL, TRS, MSFT, WMT, GOOGL
Q3 2024 156$499.2MAAPL, MSFT, WMT, COST, MELI
Q2 2024 145$465.2MMSFT, AAPL, COST, GOOGL, ADBE
Q1 2024 156$447.0MMSFT, AAPL, COST, WMT, ADBE