Bellecapital International Ltd.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Bellecapital International Ltd. reported 123 stock positions worth $625.4 million. Its top holding was Alphabet Class A (GOOGL) at 6.1% of the portfolio, followed by Advanced Micro Devices (AMD, 5.6%) and Apple (AAPL, 5.3%). Compared with Q1 2026, it opened 34 new positions, sold out of 28, added to 38 and reduced 27. The biggest buy was Shopify Class A (SHOP, shares +163%) and the biggest sale an exit from Adobe (ADBE).

Most Recent 13F
Q2 2026
Location
ZURICH, V8
CIK
0001600152
Portfolio Value
$625.4M (Q2 2026)
SEC Filing
0001600152-26-000004 ↗ filed Jul 22, 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 Q1 2026 Q2 2026: $625.4M $625.4M Q2 2026

Holdings 123 stocks · $625.4M
GOOGL Alphabet Inc. Class A 6.10% 106,752 $38.1M Reduce -8.0%
AMD Advanced Micro Devices 5.63% 60,641 $35.2M Reduce -51.3%
AAPL Apple Inc. 5.30% 114,638 $33.2M Add +1.9%
TSM Taiwan Semiconductor-SP ADR 5.02% 65,724 $31.4M Reduce -28.6%
MSFT Microsoft Corp. 4.83% 80,945 $30.2M Add +27.0%
ANET Arista Networks Inc. 4.32% 158,947 $27.0M Add +1.8%
META Meta Platforms Inc. Class A 4.04% 44,907 $25.3M Add +73.5%
XMTR Xometry Inc. Class A 3.93% 254,883 $24.6M Reduce -14.8%
SHOP Shopify Inc. Class A 3.90% 213,669 $24.4M Add +162.5%
ABBV Abbvie Inc. 3.04% 75,615 $19.0M Add +13.1%
SNPS Synopsys Inc. 3.04% 42,627 $19.0M Add +7.8%
WMT Walmart Inc. 2.86% 158,099 $17.9M Reduce -2.7%
BKNG Booking Holdings Inc. 2.78% 97,405 $17.4M Add +16.7%
COST Costco Wholesale Corp. 2.77% 18,524 $17.3M Add +0.7%
MELI MercadoLibre Inc. 2.76% 10,184 $17.3M Add +10.8%
REGN Regeneron Pharmaceuticals 2.75% 27,594 $17.2M Add +13.6%
AMZN Amazon.com Inc. 2.44% 64,135 $15.3M Add +7.1%
BN Brookfield Corp. 2.36% 346,112 $14.7M Reduce -0.4%
RACE Ferrari NV 2.25% 37,954 $14.1M Add +5.6%
FAST Fastenal Co. 2.21% 287,644 $13.8M Add +2.0%
RYAN Ryan Specialty Holdings Inc. 1.84% 304,124 $11.5M New
SPGI S&P Global Inc. 1.71% 26,255 $10.7M Reduce -1.7%
TMO Thermo Fisher Scientific Inc. 1.51% 18,781 $9.4M Add +17.1%
AVDV Avantis Intl S/C Value ETF 1.31% 79,245 $8.2M No change
GLD SPDR Gold Shares 1.29% 21,953 $8.1M Add +35.2%
TTE Totalenergies SE 1.07% 85,872 $6.7M Reduce -6.2%
AMRZ Amrize Ltd. 1.00% 118,676 $6.3M Add +6.5%
AVEM Avantis Emerging Markets Eq 1.00% 64,859 $6.3M No change
NVDA Nvidia Corp. 0.98% 30,731 $6.1M Reduce -1.5%
GOOG Alphabet Inc. Class C 0.95% 16,805 $5.9M Add +104.9%
MO Altria Group Inc. 0.91% 79,059 $5.7M Add +8.8%
LOGI Logitech International-Reg 0.88% 58,490 $5.5M Add +2.3%
VCSH Vanguard S/T Corp. Bond ETF 0.76% 60,226 $4.8M Add +7.7%
PFE Pfizer Inc. 0.76% 197,078 $4.7M Reduce -23.2%
NFLX Netflix Inc. 0.73% 63,983 $4.6M Add +6.2%
BRK.B Berkshire Hathaway Inc. Class B 0.69% 8,612 $4.3M Reduce -9.7%
IBIT iShares Bitcoin Trust ETF 0.69% 128,714 $4.3M Add +3.6%
IAU iShares Gold Trust 0.66% 54,455 $4.1M Add +9.0%
CPRT Copart Inc. 0.62% 136,780 $3.9M Reduce -0.1%
ADP Automatic Data Processing 0.56% 15,779 $3.5M Add +41.0%
AMAT Applied Materials Inc. 0.51% 4,413 $3.2M Reduce -2.6%
JNJ Johnson & Johnson 0.47% 11,680 $3.0M Add +1.8%
UBS UBS Group AG-Reg 0.41% 51,154 $2.5M Reduce -8.9%
ISRG Intuitive Surgical Inc. 0.40% 6,260 $2.5M Add +15.1%
KO The Coca-Cola Co. 0.38% 29,274 $2.4M Reduce -0.5%
MCD McDonald's Corp. 0.29% 6,824 $1.8M Add +12.7%
FWONK Liberty Media Corp. Class C 0.27% 17,575 $1.7M No change
PSX Phillips 66 0.25% 9,091 $1.5M Add +4.7%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.24% 15,959 $1.5M No change
DUK Duke Energy Corp. 0.23% 11,553 $1.5M No change
VCIT Vanguard Int-Term Corporate 0.23% 17,321 $1.4M No change
PM Philip Morris International 0.20% 6,819 $1.2M No change
TEVA Teva Pharmaceutical-SP ADR 0.19% 34,658 $1.2M New
ZM Zoom Communications Inc. 0.19% 13,457 $1.2M Reduce -15.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.16% 9,173 $1.0M No change
XSMO Invesco S&P Smallcap Momentu 0.14% 9,545 $894K No change
XMMO Invesco S&P Midcap Momentum 0.14% 5,250 $893K Add +1.7%
XLK SS Technology Select Sector 0.14% 4,459 $850K Reduce -0.0%
AVGO Broadcom Inc. 0.13% 2,198 $830K Reduce -31.8%
PFF iShares Preferred & Income S 0.13% 27,000 $823K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.12% 9,631 $770K No change
PG The Procter & Gamble Co. 0.11% 4,592 $673K Reduce -2.4%
LULU Lululemon Athletica Inc. 0.10% 5,525 $631K No change
TFPN Blueprint Chspk Ma Trend ETF 0.10% 19,965 $629K Add +20.4%
CMBT CMB Tech NV 0.10% 43,711 $619K Add +66.9%
ORCL Oracle Corp. 0.09% 3,964 $581K Reduce -11.9%
XOM Exxon Mobil Corp. 0.08% 3,730 $510K No change
DBMF Imgp Dbi MFT STR ETF-Usd Inc. 0.08% 16,291 $499K Add +8.8%
JPM JPMorgan Chase & Co. 0.08% 1,459 $478K Add +6.0%
IGIB iShares 5-10Y Inv Grade Corp. 0.08% 8,936 $475K No change
IUSV iShares Core S&P U.S. Value 0.08% 4,291 $473K No change
AZN Astrazeneca PLC 0.07% 2,387 $446K Reduce -6.8%
IJH iShares Core S&P Midcap ETF 0.07% 5,650 $436K No change
V Visa Inc. Class A 0.06% 1,155 $396K No change
IXN iShares Global Tech ETF 0.06% 2,508 $362K No change
WPM Wheaton Precious Metals Corp. 0.06% 3,094 $348K Reduce -44.3%
SIRI Sirius XM Holdings Inc. 0.05% 11,443 $338K New
HD Home Depot Inc. 0.05% 941 $332K Add +5.4%
DSGX The Descartes Systems Grp 0.05% 4,672 $323K Reduce -24.7%
MFUT Cambria Chesapeake Pure TRND 0.05% 17,138 $317K Add +11.5%
SUNB Sunbelt Rentals Holdings Inc. 0.05% 4,120 $308K No change
GD General Dynamics Corp. 0.05% 867 $307K Add +18.0%
ECL Ecolab Inc. 0.05% 1,100 $306K No change
SO The Southern Co. 0.05% 3,000 $287K No change
IMCV iShares Morningstar Mid-Cap 0.04% 2,980 $272K New
ALK Alaska Air Group Inc. 0.04% 5,200 $271K New
APA Apa Corp. 0.04% 8,310 $271K New
AXP American Express Co. 0.04% 783 $265K No change
EDIV State Street SPDR S&P Emergi 0.04% 6,200 $254K New
OHI Omega Healthcare Investors 0.04% 5,200 $248K No change
PAGS Pagseguro Digital Ltd. Class A 0.04% 26,887 $243K Reduce -7.1%
SBRA Sabra Health Care REIT Inc. 0.04% 12,000 $234K No change
GXC State Street SPDR S&P China 0.04% 2,690 $233K New
BABA Alibaba Group Holding-SP ADR 0.04% 2,365 $227K Add +3.5%
JAAA Janus Henderson Aaa Clo ETF 0.04% 4,454 $225K Reduce -17.1%
SBUX Starbucks Corp. 0.03% 2,117 $216K Reduce -65.9%
ARKG ARK Genomic Revolution ETF 0.03% 5,031 $212K New
SJNK SS SPDR BB St Hi Yield ETF 0.03% 8,217 $206K New
OXY Occidental Petroleum Corp. 0.03% 3,940 $191K New
CSHR Coinshares PLC 0.03% 46,364 $175K New
SLB SLB Ltd. filed as SLB LIMITED 0.03% 3,500 $163K New
MAGS Roundhill Magnificent Seven 0.03% 2,443 $157K New
STLA Stellantis NV 0.02% 24,960 $143K New
IBTP iShares Ibonds Dec 2034 ETF 0.02% 5,579 $142K New
IBTL iShares Ibonds Dec 2031 Term 0.02% 6,992 $141K New
BDX Becton Dickinson and Co. 0.02% 900 $136K New
SCHM Schwab US Mid Cap ETF 0.02% 3,640 $134K New
LYB Lyondellbasell Indu Class A 0.02% 2,400 $126K New
SCHA Schwab US Small-Cap ETF 0.02% 3,297 $119K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.02% 2,585 $117K New
NORW Global X MSCI Norway ETF 0.01% 2,764 $88K New
BIZD Vaneck BDC Income ETF 0.01% 6,212 $79K New
PHYS Sprott Physical Gold Trust 0.01% 2,600 $78K New
NVO Novo-Nordisk A/S-Spons ADR 0.01% 1,611 $77K New
EWL iShares MSCI Switzerland ETF 0.01% 1,000 $63K New
PYPL PayPal Holdings Inc. 0.01% 1,078 $47K Reduce -85.8%
VGIT Vanguard Intermediate-Term T 0.01% 770 $45K New
SOFI Sofi Technologies Inc. 0.01% 2,459 $44K New
BKLN Invesco Senior Loan ETF 0.01% 2,042 $42K New
CRC California Resources Corp. 0.01% 785 $42K New
DLO Dlocal Ltd. 0.01% 2,662 $35K New
PPLT Abrdn Physical Platinum SHRS 0.00% 2,050 $29K New
CELH Celsius Holdings Inc. 0.00% 286 $8K New

Portfolio Sells Q1 2026 → Q2 2026
ADBE Adobe Inc. Sold out 0.00% −1.72
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −1.55
TSCO Tractor Supply Company Sold out 0.00% −1.44
WMT Walmart Inc. Reduce -2.7% 2.86% −0.78
TSM Taiwan Semiconductor-SP ADR Reduce -28.6% 5.02% −0.60
PFE Pfizer Inc. Reduce -23.2% 0.76% −0.54
TTE Totalenergies SE Reduce -6.2% 1.07% −0.48
SPGI S&P Global Inc. Reduce -1.7% 1.71% −0.34
LLY Eli Lilly & Co. Sold out 0.00% −0.29
CPRT Copart Inc. Reduce -0.1% 0.62% −0.20
MEAR Ishrs Short Mat Muni Act ETF Sold out 0.00% −0.18
BN Brookfield Corp. Reduce -0.4% 2.36% −0.18
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.15
CSCO Cisco Systems Inc. Sold out 0.00% −0.15
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.7% 0.69% −0.14
FICO Fair Isaac Corp. Sold out 0.00% −0.12
RBLX Roblox Corp. Class A Sold out 0.00% −0.08
QCOM Qualcomm Inc. Sold out 0.00% −0.08
WPM Wheaton Precious Metals Corp. Reduce -44.3% 0.06% −0.08
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.07
CVX Chevron Corp. Sold out 0.00% −0.07
FCX Freeport-McMoran Inc. Sold out 0.00% −0.07
SBUX Starbucks Corp. Reduce -65.9% 0.03% −0.07
MRK Merck & Co. Inc. Sold out 0.00% −0.06
STRL Sterling Infrastructure Inc. Sold out 0.00% −0.06
GILD Gilead Sciences Inc. Sold out 0.00% −0.06
PYPL PayPal Holdings Inc. Reduce -85.8% 0.01% −0.05
IBM Intl Business Machines Corp. Sold out 0.00% −0.05
AVGO Broadcom Inc. Reduce -31.8% 0.13% −0.05
ZM Zoom Communications Inc. Reduce -15.8% 0.19% −0.05
FIX Comfort Systems USA Inc. Sold out 0.00% −0.04
MA Mastercard Inc. Class A Sold out 0.00% −0.04
LOW Lowe's Cos Inc. Sold out 0.00% −0.04
CRM Salesforce Inc. Sold out 0.00% −0.04
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.04
BX Blackstone Inc. Sold out 0.00% −0.04
DDOG Datadog Inc. Class A Sold out 0.00% −0.04
CLS Celestica Inc. Sold out 0.00% −0.04
MCK McKesson Corp. Sold out 0.00% −0.04
ABT Abbott Laboratories Sold out 0.00% −0.04
IWM iShares Russell 2000 ETF Sold out 0.00% −0.04
DSGX The Descartes Systems Grp Reduce -24.7% 0.05% −0.03
ORCL Oracle Corp. Reduce -11.9% 0.09% −0.03
KO The Coca-Cola Co. Reduce -0.5% 0.38% −0.02
AZN Astrazeneca PLC Reduce -6.8% 0.07% −0.02
PG The Procter & Gamble Co. Reduce -2.4% 0.11% −0.01
PAGS Pagseguro Digital Ltd. Class A Reduce -7.1% 0.04% −0.01
JAAA Janus Henderson Aaa Clo ETF Reduce -17.1% 0.04% −0.01
NVDA Nvidia Corp. Reduce -1.5% 0.98% +0.00
UBS UBS Group AG-Reg Reduce -8.9% 0.41% +0.02

Portfolio Buys Q1 2026 → Q2 2026
SHOP Shopify Inc. Class A Add +162.5% 3.90% +2.16
RYAN Ryan Specialty Holdings Inc. New 1.84% +1.84
META Meta Platforms Inc. Class A Add +73.5% 4.04% +1.37
ANET Arista Networks Inc. Add +1.8% 4.32% +0.86
MSFT Microsoft Corp. Add +27.0% 4.83% +0.57
GOOG Alphabet Inc. Class C Add +104.9% 0.95% +0.52
ABBV Abbvie Inc. Add +13.1% 3.04% +0.42
BKNG Booking Holdings Inc. Add +16.7% 2.78% +0.24
SNPS Synopsys Inc. Add +7.8% 3.04% +0.21
AMZN Amazon.com Inc. Add +7.1% 2.44% +0.19
TEVA Teva Pharmaceutical-SP ADR New 0.19% +0.19
ADP Automatic Data Processing Add +41.0% 0.56% +0.15
AAPL Apple Inc. Add +1.9% 5.30% +0.15
RACE Ferrari NV Add +5.6% 2.25% +0.08
TMO Thermo Fisher Scientific Inc. Add +17.1% 1.51% +0.08
SIRI Sirius XM Holdings Inc. New 0.05% +0.05
MO Altria Group Inc. Add +8.8% 0.91% +0.04
IMCV iShares Morningstar Mid-Cap New 0.04% +0.04
ALK Alaska Air Group Inc. New 0.04% +0.04
APA Apa Corp. New 0.04% +0.04
EDIV State Street SPDR S&P Emergi New 0.04% +0.04
CMBT CMB Tech NV Add +66.9% 0.10% +0.04
GXC State Street SPDR S&P China New 0.04% +0.04
ARKG ARK Genomic Revolution ETF New 0.03% +0.03
SJNK SS SPDR BB St Hi Yield ETF New 0.03% +0.03
GLD SPDR Gold Shares Add +35.2% 1.29% +0.03
OXY Occidental Petroleum Corp. New 0.03% +0.03
CSHR Coinshares PLC New 0.03% +0.03
SLB SLB Ltd. New 0.03% +0.03
MAGS Roundhill Magnificent Seven New 0.03% +0.03
STLA Stellantis NV New 0.02% +0.02
IBTL iShares Ibonds Dec 2031 Term New 0.02% +0.02
IBTP iShares Ibonds Dec 2034 ETF New 0.02% +0.02
BDX Becton Dickinson and Co. New 0.02% +0.02
SCHM Schwab US Mid Cap ETF New 0.02% +0.02
LYB Lyondellbasell Indu Class A New 0.02% +0.02
SCHA Schwab US Small-Cap ETF New 0.02% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.02% +0.02
TFPN Blueprint Chspk Ma Trend ETF Add +20.4% 0.10% +0.02
NORW Global X MSCI Norway ETF New 0.01% +0.01
BIZD Vaneck BDC Income ETF New 0.01% +0.01
PHYS Sprott Physical Gold Trust New 0.01% +0.01
NVO Novo-Nordisk A/S-Spons ADR New 0.01% +0.01
EWL iShares MSCI Switzerland ETF New 0.01% +0.01
XMMO Invesco S&P Midcap Momentum Add +1.7% 0.14% +0.01
VGIT Vanguard Intermediate-Term T New 0.01% +0.01
SOFI Sofi Technologies Inc. New 0.01% +0.01
BKLN Invesco Senior Loan ETF New 0.01% +0.01
CRC California Resources Corp. New 0.01% +0.01
DLO Dlocal Ltd. New 0.01% +0.01

Options Activity Q1 2026 → Q2 2026
ALC Alcon Inc. call Sold out 62,300 $623before exit

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