Bell Asset Management Ltd Investment Portfolio — 13F Data

CIK: 0001681004

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$339.8M

Reporting period: 2026-03-31 · Number of holdings: 61

Bell Asset Management Ltd disclosed 61 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $339.8M and a quarterly turnover rate of 35.4%.

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Personality snowflake

Concentration: 13.15
Portfolio Stability: 35.45
Momentum/Contrarian: 100
Sector conviction: 83.4
Diversification: 100
Sizing Uniformity: 89.89

Bell Asset Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.033 — mathematically equivalent to about 30 equally-sized positions, well below its 61 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.01), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 67% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim META
-43.2%　-$4.8M
Add NVDA
+12.0%　$1.1M
Add AAPL
+12.7%　$924.4K
Add AVGO
+23.2%　$1.1M
Trim MSI
-49.7%　-$2.7M
Trim PG
-42.4%　-$2.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	9.44%	+1.17%	+11.98%
2	MSFT	Microsoft CORP	Stock-Tech	6.85%	+0.05%	+19.72%
3	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	6.44%	-0.38%	-6.11%
4	AAPL	Apple INC	Stock-Tech	5.88%	+0.79%	+12.74%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	4.83%	-0.32%	-5.32%
6	AVGO	Broadcom INC	Stock-Tech	3.71%	+0.64%	+23.16%
7	JPM	Jpmorgan Chase & Co	Stock-Financials	2.56%	—	+13.44%
8	V	Visa Inc-class A Shares	Stock-Financials	2.29%	-0.04%	+4.49%
9	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	1.78%	+0.42%	+40.90%
10	MA	Mastercard INC - A	Stock-Financials	1.78%	—	+6.62%
11	AON	Aon plc	Stock-Financials	1.69%	—	+11.67%
12	MRSH	Marsh & Mclennan Cos	Stock-Financials	1.53%	-0.08%	-7.55%
13	WM	Waste Management INC	Stock-Industrials	1.47%	-0.12%	-19.17%
14	SPGI	S&p Global INC	Stock-Financials	1.47%	-0.01%	+11.30%
15	NFLX	Netflix INC	Stock-Comm Services	1.41%	+0.54%	+45.37%
16	UBER	Uber Technologies INC	Stock-Industrials	1.40%	—	+8.97%
17	VEEV	Veeva Systems Inc-class A	Stock-Healthcare	1.39%	+0.28%	+45.99%
18	META	Meta Platforms Inc-class A	Stock-Comm Services	1.36%	-1.17%	-43.23%
19	UNH	Unitedhealth Group INC	Stock-Healthcare	1.29%	-0.17%	-2.12%
20	CDNS	Cadence Design Sys INC	Stock-Tech	1.28%	+1.28%	NEW
21	ABT	Abbott Laboratories	Stock-Healthcare	1.25%	+1.25%	NEW
22	ACN	Accenture plc	Stock-Tech	1.24%	-0.51%	-12.32%
23	TSCO	Tractor Supply Company	Stock-Consumer Disc	1.23%	—	+16.45%
24	SCI	Service CORP International	Stock-Consumer Disc	1.23%	—	-9.15%
25	LPLA	Lpl Financial Holdings INC	Stock-Financials	1.21%	—	+32.78%
26	TEL	TE Connectivity plc	Stock-Tech	1.21%	+1.21%	NEW
27	ZTS	Zoetis INC	Stock-Healthcare	1.19%	—	-2.17%
28	ORCL	Oracle CORP	Stock-Tech	1.18%	-0.38%	-8.26%
29	MANH	Manhattan Associates INC	Stock-Tech	1.15%	—	+32.33%
30	DKS	Dick's Sporting Goods INC	Stock-Consumer Disc	1.15%	+1.15%	NEW
31	A	Agilent Technologies INC	Stock-Healthcare	1.13%	+1.13%	NEW
32	ABBV	Abbvie INC	Stock-Healthcare	1.10%	+1.10%	NEW
33	CNM	Core & Main Inc-class A	Stock-Industrials	1.08%	—	-2.18%
34	HLI	Houlihan Lokey INC	Stock-Financials	1.07%	—	+10.36%
35	NOW	Servicenow INC	Stock-Tech	1.07%	+1.07%	NEW
36	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.05%	—	+13.45%
37	PCTY	Paylocity Holding CORP	Stock-Tech	1.04%	-0.47%	-11.23%
38	MSI	Motorola Solutions INC	Stock-Tech	1.03%	-0.62%	-49.69%
39	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	1.02%	—	-11.06%
40	ADSK	Autodesk INC	Stock-Tech	1.02%	+1.02%	NEW
41	BOOT	Boot Barn Holdings INC	Stock-Consumer Disc	1.00%	—	+29.66%
42	PG	Procter & Gamble Co/the	Stock-Consumer Staples	1.00%	-0.57%	-42.43%
43	BJ	Bj's Wholesale Club Holdings	Stock-Consumer Staples	0.99%	-0.26%	-33.25%
44	BR	Broadridge Financial Solutio	Stock-Tech	0.99%	-0.08%	+16.74%
45	KEYS	Keysight Technologies In	Stock-Tech	0.99%	-0.17%	-44.08%
46	GWW	Ww Grainger INC	Stock-Industrials	0.98%	-0.09%	-22.62%
47	COR	Cencora INC	Stock-Healthcare	0.97%	—	+3.88%
48	POOL	Pool CORP	Stock-Industrials	0.97%	—	-2.15%
49	CDW	Cdw Corp/de	Stock-Tech	0.95%	+0.95%	NEW
50	DXCM	Dexcom INC	Stock-Healthcare	0.92%	-0.19%	-20.17%

1–50 of 61

Portfolio Performance

Performance for Q3 2026

+1.4%

Performance Last 4 Quarters

+12.7%

Based on 82% of reported portfolio value with available pricing

Stdev: +13.4%
Beta: +0.93
Alpha: -4.5%
Max Drawdown: -10.8%
Annualized Perf: +12.5%
Batting Avg vs S&P: +41.7%
Sortino: +1.72
Stutzer: +0.28
Treynor: +0.14
Sterling: +0.66
Calmar: +1.16
Information Ratio: -1.02
Tracking Error: +5.6%
Stdev Down: +7.4%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +26.4%
Worst 12 Months: +4.5%
Efficiency Ratio: +0.36
Sharpe: +0.95
Stdev Sectors: +13.9%
Skewness: +0.12
Kurtosis: -0.31
Upside Potential: +3.55

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	61	$339.8M	35	1NVDA 2MSFT 3GOOGL Top holdings2026-03-31 1.NVDA 2.MSFT 3.GOOGL 4.AAPL 5.AMZN 6.AVGO 7.JPM 8.V 9.TMO 10.MA
2025-12-31	59	$374.1M	32	1NVDA 2GOOGL 3MSFT Top holdings2025-12-31 1.NVDA 2.GOOGL 3.MSFT 4.AMZN 5.AAPL 6.AVGO 7.META 8.V 9.JPM 10.ACN
2025-09-30	63	$365.9M	66	1NVDA 2MSFT 3AAPL Top holdings2025-09-30 1.NVDA 2.MSFT 3.AAPL 4.GOOGL 5.AMZN 6.META 7.V 8.MRSH 9.AVGO 10.AON
2025-06-30	62	$453.5M	0	1NVDA 2MSFT 3GOOGL Top holdings2025-06-30 1.NVDA 2.MSFT 3.GOOGL 4.AMZN 5.AAPL 6.META 7.AON 8.AVGO 9.LLY 10.FISV
2025-03-31	66	$543.5M	100	1MSFT 2NVDA 3GOOGL Top holdings2025-03-31 1.MSFT 2.NVDA 3.GOOGL 4.AMZN 5.AAPL 6.UNH 7.PEP 8.META 9.FISV 10.MA
2024-12-31	64	$549.1M	0	1GOOGL 2MSFT 3AMZN Top holdings2024-12-31 1.GOOGL 2.MSFT 3.AMZN 4.NVDA 5.AAPL 6.FISV 7.UNH 8.PEP 9.JNJ 10.V
2024-09-30	64	$545.9M	0	1MSFT 2GOOGL 3AMZN Top holdings2024-09-30 1.MSFT 2.GOOGL 3.AMZN 4.AAPL 5.UNH 6.FISV 7.NVDA 8.ACN 9.MA 10.V
2024-06-30	63	$712.9M	0	1GOOGL 2MSFT 3AAPL Top holdings2024-06-30 1.GOOGL 2.MSFT 3.AAPL 4.UNH 5.V 6.MA 7.FISV 8.AMZN 9.AON 10.PEP
2024-03-31	61	$682.3M	0	1GOOGL 2MSFT 3UNH Top holdings2024-03-31 1.GOOGL 2.MSFT 3.UNH 4.PEP 5.JNJ 6.AON 7.SBUX 8.FISV 9.NKE 10.HCA
2023-12-31	64	$655.7M	0	1GOOGL 2MSFT 3UNH Top holdings2023-12-31 1.GOOGL 2.MSFT 3.UNH 4.JNJ 5.PEP 6.EW 7.HCA 8.CSCO 9.G 10.V
2023-09-30	63	$607.6M	0	1MSFT 2GOOGL 3UNH Top holdings2023-09-30 1.MSFT 2.GOOGL 3.UNH 4.JNJ 5.HON 6.CSCO 7.COR 8.ACN 9.G 10.MTD
2023-06-30	62	$584.5M	0	1GOOGL 2UNH 3MSFT Top holdings2023-06-30 1.GOOGL 2.UNH 3.MSFT 4.VZ 5.CSCO 6.ACN 7.COR 8.JNJ 9.BR 10.KR
2023-03-31	60	$547.1M	0	1GOOGL 2MSFT 3UNH Top holdings2023-03-31 1.GOOGL 2.MSFT 3.UNH 4.VZ 5.ACN 6.CSCO 7.AMZN 8.COR 9.JNJ 10.KR
2022-12-31	60	$534.1M	0	1MSFT 2GOOGL 3VZ Top holdings2022-12-31 1.MSFT 2.GOOGL 3.VZ 4.JNJ 5.COR 6.AMZN 7.CSCO 8.UNH 9.KR 10.ZTS
2022-09-30	57	$493.1M	0	1MSFT 2GOOGL 3AMZN Top holdings2022-09-30 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.V 6.COR 7.JNJ 8.MA 9.VZ 10.FISV
2022-06-30	58	$506.9M	0	1MSFT 2GOOGL 3AMZN Top holdings2022-06-30 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.VZ 6.V 7.FISV 8.MA 9.G 10.JNJ
2022-03-31	57	$581.0M	0	1MSFT 2AMZN 3GOOGL Top holdings2022-03-31 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.V 6.JNJ 7.FISV 8.MA 9.EA 10.HCA
2021-12-31	55	$620.3M	0	1MSFT 2GOOGL 3AMZN Top holdings2021-12-31 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.EA 6.LOW 7.V 8.JNJ 9.MA 10.COR
2021-09-30	59	$586.4M	0	1MSFT 2AMZN 3GOOGL Top holdings2021-09-30 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.FISV 6.EA 7.JNJ 8.META 9.VZ 10.LOW
2021-06-30	61	$511.2M	95	1MSFT 2AMZN 3GOOGL Top holdings2021-06-30 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.JNJ 6.META 7.FISV 8.NKE 9.G 10.COR
2021-03-31	60	$465.7M	27	1MSFT 2GOOGL 3UNH Top holdings2021-03-31 1.MSFT 2.GOOGL 3.UNH 4.JNJ 5.FISV 6.META 7.ORCL 8.COR 9.G 10.VZ
2020-12-31	60	$457.0M	21	1GOOGL 2UNH 3JNJ Top holdings2020-12-31 1.GOOGL 2.UNH 3.JNJ 4.MSFT 5.FISV 6.ORCL 7.CSCO 8.META 9.EA 10.KR
2020-09-30	60	$401.9M	22	1GOOGL 2UNH 3JNJ Top holdings2020-09-30 1.GOOGL 2.UNH 3.JNJ 4.MSFT 5.ORCL 6.FISV 7.META 8.CTSH 9.VZ 10.KR
2020-06-30	60	$368.7M	26	1GOOGL 2UNH 3MSFT Top holdings2020-06-30 1.GOOGL 2.UNH 3.MSFT 4.JNJ 5.ORCL 6.CSCO 7.KR 8.META 9.G 10.CTSH
2020-03-31	61	$320.9M	38	1GOOGL 2UNH 3JNJ Top holdings2020-03-31 1.GOOGL 2.UNH 3.JNJ 4.META 5.CSCO 6.ORCL 7.MSFT 8.BDX 9.CERNCHF 10.CHKP
2019-12-31	67	$388.8M	65	1GOOGL 2VZ 3UNH Top holdings2019-12-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.META 6.BKNG 7.AAPL 8.ORCL 9.CERNCHF 10.HD
2019-09-30	66	$651.2M	22	1VZ 2GOOGL 3META Top holdings2019-09-30 1.VZ 2.GOOGL 3.META 4.JNJ 5.UNH 6.HD 7.BKNG 8.ORCL 9.AAPL 10.AXP
2019-06-30	63	$616.8M	12	1VZ 2GOOGL 3UNH Top holdings2019-06-30 1.VZ 2.GOOGL 3.UNH 4.META 5.JNJ 6.ORCL 7.DIS 8.BKNG 9.HD 10.HON
2019-03-31	61	$581.8M	26	1GOOGL 2VZ 3UNH Top holdings2019-03-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.META 6.ORCL 7.PEP 8.DIS 9.HON 10.ACN
2018-12-31	62	$476.0M	16	1GOOGL 2VZ 3UNH Top holdings2018-12-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.ORCL 6.PEP 7.META 8.HON 9.HD 10.DIS
2018-09-30	65	$480.9M	21	1JNJ 2GOOGL 3ORCL Top holdings2018-09-30 1.JNJ 2.GOOGL 3.ORCL 4.UNH 5.VZ 6.HON 7.META 8.PEP 9.COR 10.SBUX
2018-06-30	63	$414.4M	37	1AAPL 2GOOGL 3JNJ Top holdings2018-06-30 1.AAPL 2.GOOGL 3.JNJ 4.META 5.VZ 6.ORCL 7.UNH 8.PEP 9.GOOG 10.HON
2018-03-31	59	$499.4M	40	1JNJ 2AAPL 3ORCL Top holdings2018-03-31 1.JNJ 2.AAPL 3.ORCL 4.GOOGL 5.VZ 6.UNH 7.SBUX 8.GOOG 9.IBM 10.DIS
2017-12-31	63	$418.4M	0	1AAPL 2JNJ 3VZ Top holdings2017-12-31 1.AAPL 2.JNJ 3.VZ 4.ORCL 5.GOOGL 6.OMC 7.UNH 8.GOOG 9.SDA 10.26483E

Holding changes this quarter

Bell Asset Management Ltd's most significant position changes for 2026-03-31: Sold out: Home Depot INC (HD); Sold out: Fortune Brands Innovations I (FBIN); Sold out: Nike INC -cl B (NKE); Sold out: Synopsys INC (SNPS); New buy: Cadence Design Sys INC (CDNS).

Position changes disclosed by Bell Asset Management Ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NVDA	Nvidia CORP	+1.2%	+11.98%	Add
2	AAPL	Apple INC	+0.8%	+12.74%	Add
3	AVGO	Broadcom INC	+0.6%	+23.16%	Add
4	NFLX	Netflix INC	+0.5%	+45.37%	Add
5	TMO	Thermo Fisher Scientific INC	+0.4%	+40.90%	Add
6	VEEV	Veeva Systems Inc-class A	+0.3%	+45.99%	Add
7	MSFT	Microsoft CORP	+0.1%	+19.72%	Add
8	SPGI	S&p Global INC	0%	+11.30%	Add
9	V	Visa Inc-class A Shares	0%	+4.49%	Add
10	MRSH	Marsh & Mclennan Cos	-0.1%	-7.55%	Trim
11	BR	Broadridge Financial Solutio	-0.1%	+16.74%	Add
12	GWW	Ww Grainger INC	-0.1%	-22.62%	Trim
13	CPRT	Copart INC	-0.1%	-2.09%	Trim
14	WM	Waste Management INC	-0.1%	-19.17%	Trim
15	LLY	Eli Lilly & Co	-0.1%	-10.38%	Trim
16	UNH	Unitedhealth Group INC	-0.2%	-2.12%	Trim
17	KEYS	Keysight Technologies In	-0.2%	-44.08%	Trim
18	DXCM	Dexcom INC	-0.2%	-20.17%	Trim
19	MCD	Mcdonald's CORP	-0.2%	-33.41%	Trim
20	BJ	Bj's Wholesale Club Holdings	-0.3%	-33.25%	Trim
21	WMS	Advanced Drainage Systems In	-0.3%	-35.42%	Trim
22	AMZN	Amazon.com INC	-0.3%	-5.32%	Trim
23	MSCI	Msci INC	-0.3%	-29.32%	Trim
24	GOOGL	Alphabet Inc-cl A	-0.4%	-6.11%	Trim
25	ORCL	Oracle CORP	-0.4%	-8.26%	Trim
26	PCTY	Paylocity Holding CORP	-0.5%	-11.23%	Trim
27	ACN	Accenture plc	-0.5%	-12.32%	Trim
28	PG	Procter & Gamble Co/the	-0.6%	-42.43%	Trim
29	MSI	Motorola Solutions INC	-0.6%	-49.69%	Trim
30	META	Meta Platforms Inc-class A	-1.2%	-43.23%	Trim
31	HD	Home Depot INC	—	EXIT	Sold out
32	FBIN	Fortune Brands Innovations I	—	EXIT	Sold out
33	NKE	Nike INC -cl B	—	EXIT	Sold out
34	SNPS	Synopsys INC	—	EXIT	Sold out
35	CDNS	Cadence Design Sys INC	—	NEW	New buy
36	ODFL	Old Dominion Freight Line	—	EXIT	Sold out
37	ABT	Abbott Laboratories	—	NEW	New buy
38	TEL	TE Connectivity plc	—	NEW	New buy
39	DKS	Dick's Sporting Goods INC	—	NEW	New buy
40	CLH	Clean Harbors INC	—	EXIT	Sold out
41	A	Agilent Technologies INC	—	NEW	New buy
42	TER	Teradyne INC	—	EXIT	Sold out
43	ABBV	Abbvie INC	—	NEW	New buy
44	NOW	Servicenow INC	—	NEW	New buy
45	SFM	Sprouts Farmers Market INC	—	EXIT	Sold out
46	ADSK	Autodesk INC	—	NEW	New buy
47	CDW	Cdw Corp/de	—	NEW	New buy
48	TTC	Toro Co	—	EXIT	Sold out
49	MELI	Mercadolibre INC	—	NEW	New buy
50	AXP	American Express Co	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-29	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-13	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-13	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-12	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-10	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-04-11	13F-HR	View on EDGAR
2018-12-31	2019-01-22	13F-HR	View on EDGAR
2018-09-30	2018-10-29	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR

FAQ

What is Bell Asset Management Ltd and what type of investor is it?

Bell Asset Management Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $339.8M, spread across 61 disclosed positions.

What are Bell Asset Management Ltd's largest equity positions?

Based on the latest 13F filing, Bell Asset Management Ltd's top holdings by market value are: 1. Nvidia CORP (NVDA) — $32.1M (9.4%) 2. Microsoft CORP (MSFT) — $23.3M (6.8%) 3. Alphabet Inc-cl A (GOOGL) — $21.9M (6.4%) 4. Apple INC (AAPL) — $20.0M (5.9%) 5. Amazon.com INC (AMZN) — $16.4M (4.8%)

What changes did Bell Asset Management Ltd make in its most recent portfolio filing?

In the latest reported quarter, Bell Asset Management Ltd made 50 notable position adjustments: 11 new positions were initiated, 10 existing holdings were added to, 20 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Home Depot INC (HD); Sold out: Fortune Brands Innovations I (FBIN); Sold out: Nike INC -cl B (NKE); Sold out: Synopsys INC (SNPS); New buy: Cadence Design Sys INC (CDNS)

What sectors does Bell Asset Management Ltd focus on?

Bell Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 46.5% • Financials: 13.8% • Communication Services: 13.8% • Consumer Discretionary: 10.8% • Health Care: 10.6% • Consumer Staples: 2.4%

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CIK 0000038777

Total reported value

$408.3B

14,782 stks

2026-03-31

Concentration3.7

Portfolio Stability24.2

Sector conviction39.7

5 of the top 5 holdings overlap, including Nvidia CORP

View detail

Northern Trust CORP

CIK 0000073124

Total reported value

$756.6B

19,864 stks

2026-03-31

Concentration4.9

Portfolio Stability14.1

Sector conviction48.4

5 of the top 5 holdings overlap, including Nvidia CORP

View detail

Bell Asset Management Ltd Investment Portfolio — 13F Data

CIK: 0001681004

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$339.8M

Reporting period: 2026-03-31 · Number of holdings: 61

Bell Asset Management Ltd disclosed 61 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $339.8M and a quarterly turnover rate of 35.4%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "B"

Personality snowflake

Concentration: 13.15
Portfolio Stability: 35.45
Momentum/Contrarian: 100
Sector conviction: 83.4
Diversification: 100
Sizing Uniformity: 89.89

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.01), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim META
-43.2%　-$4.8M
Add NVDA
+12.0%　$1.1M
Add AAPL
+12.7%　$924.4K
Add AVGO
+23.2%　$1.1M
Trim MSI
-49.7%　-$2.7M
Trim PG
-42.4%　-$2.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	9.44%	+1.17%	+11.98%
2	MSFT	Microsoft CORP	Stock-Tech	6.85%	+0.05%	+19.72%
3	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	6.44%	-0.38%	-6.11%
4	AAPL	Apple INC	Stock-Tech	5.88%	+0.79%	+12.74%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	4.83%	-0.32%	-5.32%
6	AVGO	Broadcom INC	Stock-Tech	3.71%	+0.64%	+23.16%
7	JPM	Jpmorgan Chase & Co	Stock-Financials	2.56%	—	+13.44%
8	V	Visa Inc-class A Shares	Stock-Financials	2.29%	-0.04%	+4.49%
9	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	1.78%	+0.42%	+40.90%
10	MA	Mastercard INC - A	Stock-Financials	1.78%	—	+6.62%
11	AON	Aon plc	Stock-Financials	1.69%	—	+11.67%
12	MRSH	Marsh & Mclennan Cos	Stock-Financials	1.53%	-0.08%	-7.55%
13	WM	Waste Management INC	Stock-Industrials	1.47%	-0.12%	-19.17%
14	SPGI	S&p Global INC	Stock-Financials	1.47%	-0.01%	+11.30%
15	NFLX	Netflix INC	Stock-Comm Services	1.41%	+0.54%	+45.37%
16	UBER	Uber Technologies INC	Stock-Industrials	1.40%	—	+8.97%
17	VEEV	Veeva Systems Inc-class A	Stock-Healthcare	1.39%	+0.28%	+45.99%
18	META	Meta Platforms Inc-class A	Stock-Comm Services	1.36%	-1.17%	-43.23%
19	UNH	Unitedhealth Group INC	Stock-Healthcare	1.29%	-0.17%	-2.12%
20	CDNS	Cadence Design Sys INC	Stock-Tech	1.28%	+1.28%	NEW
21	ABT	Abbott Laboratories	Stock-Healthcare	1.25%	+1.25%	NEW
22	ACN	Accenture plc	Stock-Tech	1.24%	-0.51%	-12.32%
23	TSCO	Tractor Supply Company	Stock-Consumer Disc	1.23%	—	+16.45%
24	SCI	Service CORP International	Stock-Consumer Disc	1.23%	—	-9.15%
25	LPLA	Lpl Financial Holdings INC	Stock-Financials	1.21%	—	+32.78%
26	TEL	TE Connectivity plc	Stock-Tech	1.21%	+1.21%	NEW
27	ZTS	Zoetis INC	Stock-Healthcare	1.19%	—	-2.17%
28	ORCL	Oracle CORP	Stock-Tech	1.18%	-0.38%	-8.26%
29	MANH	Manhattan Associates INC	Stock-Tech	1.15%	—	+32.33%
30	DKS	Dick's Sporting Goods INC	Stock-Consumer Disc	1.15%	+1.15%	NEW
31	A	Agilent Technologies INC	Stock-Healthcare	1.13%	+1.13%	NEW
32	ABBV	Abbvie INC	Stock-Healthcare	1.10%	+1.10%	NEW
33	CNM	Core & Main Inc-class A	Stock-Industrials	1.08%	—	-2.18%
34	HLI	Houlihan Lokey INC	Stock-Financials	1.07%	—	+10.36%
35	NOW	Servicenow INC	Stock-Tech	1.07%	+1.07%	NEW
36	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.05%	—	+13.45%
37	PCTY	Paylocity Holding CORP	Stock-Tech	1.04%	-0.47%	-11.23%
38	MSI	Motorola Solutions INC	Stock-Tech	1.03%	-0.62%	-49.69%
39	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	1.02%	—	-11.06%
40	ADSK	Autodesk INC	Stock-Tech	1.02%	+1.02%	NEW
41	BOOT	Boot Barn Holdings INC	Stock-Consumer Disc	1.00%	—	+29.66%
42	PG	Procter & Gamble Co/the	Stock-Consumer Staples	1.00%	-0.57%	-42.43%
43	BJ	Bj's Wholesale Club Holdings	Stock-Consumer Staples	0.99%	-0.26%	-33.25%
44	BR	Broadridge Financial Solutio	Stock-Tech	0.99%	-0.08%	+16.74%
45	KEYS	Keysight Technologies In	Stock-Tech	0.99%	-0.17%	-44.08%
46	GWW	Ww Grainger INC	Stock-Industrials	0.98%	-0.09%	-22.62%
47	COR	Cencora INC	Stock-Healthcare	0.97%	—	+3.88%
48	POOL	Pool CORP	Stock-Industrials	0.97%	—	-2.15%
49	CDW	Cdw Corp/de	Stock-Tech	0.95%	+0.95%	NEW
50	DXCM	Dexcom INC	Stock-Healthcare	0.92%	-0.19%	-20.17%

1–50 of 61

Portfolio Performance

Performance for Q3 2026

+1.4%

Performance Last 4 Quarters

+12.7%

Based on 82% of reported portfolio value with available pricing

Stdev: +13.4%
Beta: +0.93
Alpha: -4.5%
Max Drawdown: -10.8%
Annualized Perf: +12.5%
Batting Avg vs S&P: +41.7%
Sortino: +1.72
Stutzer: +0.28
Treynor: +0.14
Sterling: +0.66
Calmar: +1.16
Information Ratio: -1.02
Tracking Error: +5.6%
Stdev Down: +7.4%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +26.4%
Worst 12 Months: +4.5%
Efficiency Ratio: +0.36
Sharpe: +0.95
Stdev Sectors: +13.9%
Skewness: +0.12
Kurtosis: -0.31
Upside Potential: +3.55

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	61	$339.8M	35	1NVDA 2MSFT 3GOOGL Top holdings2026-03-31 1.NVDA 2.MSFT 3.GOOGL 4.AAPL 5.AMZN 6.AVGO 7.JPM 8.V 9.TMO 10.MA
2025-12-31	59	$374.1M	32	1NVDA 2GOOGL 3MSFT Top holdings2025-12-31 1.NVDA 2.GOOGL 3.MSFT 4.AMZN 5.AAPL 6.AVGO 7.META 8.V 9.JPM 10.ACN
2025-09-30	63	$365.9M	66	1NVDA 2MSFT 3AAPL Top holdings2025-09-30 1.NVDA 2.MSFT 3.AAPL 4.GOOGL 5.AMZN 6.META 7.V 8.MRSH 9.AVGO 10.AON
2025-06-30	62	$453.5M	0	1NVDA 2MSFT 3GOOGL Top holdings2025-06-30 1.NVDA 2.MSFT 3.GOOGL 4.AMZN 5.AAPL 6.META 7.AON 8.AVGO 9.LLY 10.FISV
2025-03-31	66	$543.5M	100	1MSFT 2NVDA 3GOOGL Top holdings2025-03-31 1.MSFT 2.NVDA 3.GOOGL 4.AMZN 5.AAPL 6.UNH 7.PEP 8.META 9.FISV 10.MA
2024-12-31	64	$549.1M	0	1GOOGL 2MSFT 3AMZN Top holdings2024-12-31 1.GOOGL 2.MSFT 3.AMZN 4.NVDA 5.AAPL 6.FISV 7.UNH 8.PEP 9.JNJ 10.V
2024-09-30	64	$545.9M	0	1MSFT 2GOOGL 3AMZN Top holdings2024-09-30 1.MSFT 2.GOOGL 3.AMZN 4.AAPL 5.UNH 6.FISV 7.NVDA 8.ACN 9.MA 10.V
2024-06-30	63	$712.9M	0	1GOOGL 2MSFT 3AAPL Top holdings2024-06-30 1.GOOGL 2.MSFT 3.AAPL 4.UNH 5.V 6.MA 7.FISV 8.AMZN 9.AON 10.PEP
2024-03-31	61	$682.3M	0	1GOOGL 2MSFT 3UNH Top holdings2024-03-31 1.GOOGL 2.MSFT 3.UNH 4.PEP 5.JNJ 6.AON 7.SBUX 8.FISV 9.NKE 10.HCA
2023-12-31	64	$655.7M	0	1GOOGL 2MSFT 3UNH Top holdings2023-12-31 1.GOOGL 2.MSFT 3.UNH 4.JNJ 5.PEP 6.EW 7.HCA 8.CSCO 9.G 10.V
2023-09-30	63	$607.6M	0	1MSFT 2GOOGL 3UNH Top holdings2023-09-30 1.MSFT 2.GOOGL 3.UNH 4.JNJ 5.HON 6.CSCO 7.COR 8.ACN 9.G 10.MTD
2023-06-30	62	$584.5M	0	1GOOGL 2UNH 3MSFT Top holdings2023-06-30 1.GOOGL 2.UNH 3.MSFT 4.VZ 5.CSCO 6.ACN 7.COR 8.JNJ 9.BR 10.KR
2023-03-31	60	$547.1M	0	1GOOGL 2MSFT 3UNH Top holdings2023-03-31 1.GOOGL 2.MSFT 3.UNH 4.VZ 5.ACN 6.CSCO 7.AMZN 8.COR 9.JNJ 10.KR
2022-12-31	60	$534.1M	0	1MSFT 2GOOGL 3VZ Top holdings2022-12-31 1.MSFT 2.GOOGL 3.VZ 4.JNJ 5.COR 6.AMZN 7.CSCO 8.UNH 9.KR 10.ZTS
2022-09-30	57	$493.1M	0	1MSFT 2GOOGL 3AMZN Top holdings2022-09-30 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.V 6.COR 7.JNJ 8.MA 9.VZ 10.FISV
2022-06-30	58	$506.9M	0	1MSFT 2GOOGL 3AMZN Top holdings2022-06-30 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.VZ 6.V 7.FISV 8.MA 9.G 10.JNJ
2022-03-31	57	$581.0M	0	1MSFT 2AMZN 3GOOGL Top holdings2022-03-31 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.V 6.JNJ 7.FISV 8.MA 9.EA 10.HCA
2021-12-31	55	$620.3M	0	1MSFT 2GOOGL 3AMZN Top holdings2021-12-31 1.MSFT 2.GOOGL 3.AMZN 4.UNH 5.EA 6.LOW 7.V 8.JNJ 9.MA 10.COR
2021-09-30	59	$586.4M	0	1MSFT 2AMZN 3GOOGL Top holdings2021-09-30 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.FISV 6.EA 7.JNJ 8.META 9.VZ 10.LOW
2021-06-30	61	$511.2M	95	1MSFT 2AMZN 3GOOGL Top holdings2021-06-30 1.MSFT 2.AMZN 3.GOOGL 4.UNH 5.JNJ 6.META 7.FISV 8.NKE 9.G 10.COR
2021-03-31	60	$465.7M	27	1MSFT 2GOOGL 3UNH Top holdings2021-03-31 1.MSFT 2.GOOGL 3.UNH 4.JNJ 5.FISV 6.META 7.ORCL 8.COR 9.G 10.VZ
2020-12-31	60	$457.0M	21	1GOOGL 2UNH 3JNJ Top holdings2020-12-31 1.GOOGL 2.UNH 3.JNJ 4.MSFT 5.FISV 6.ORCL 7.CSCO 8.META 9.EA 10.KR
2020-09-30	60	$401.9M	22	1GOOGL 2UNH 3JNJ Top holdings2020-09-30 1.GOOGL 2.UNH 3.JNJ 4.MSFT 5.ORCL 6.FISV 7.META 8.CTSH 9.VZ 10.KR
2020-06-30	60	$368.7M	26	1GOOGL 2UNH 3MSFT Top holdings2020-06-30 1.GOOGL 2.UNH 3.MSFT 4.JNJ 5.ORCL 6.CSCO 7.KR 8.META 9.G 10.CTSH
2020-03-31	61	$320.9M	38	1GOOGL 2UNH 3JNJ Top holdings2020-03-31 1.GOOGL 2.UNH 3.JNJ 4.META 5.CSCO 6.ORCL 7.MSFT 8.BDX 9.CERNCHF 10.CHKP
2019-12-31	67	$388.8M	65	1GOOGL 2VZ 3UNH Top holdings2019-12-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.META 6.BKNG 7.AAPL 8.ORCL 9.CERNCHF 10.HD
2019-09-30	66	$651.2M	22	1VZ 2GOOGL 3META Top holdings2019-09-30 1.VZ 2.GOOGL 3.META 4.JNJ 5.UNH 6.HD 7.BKNG 8.ORCL 9.AAPL 10.AXP
2019-06-30	63	$616.8M	12	1VZ 2GOOGL 3UNH Top holdings2019-06-30 1.VZ 2.GOOGL 3.UNH 4.META 5.JNJ 6.ORCL 7.DIS 8.BKNG 9.HD 10.HON
2019-03-31	61	$581.8M	26	1GOOGL 2VZ 3UNH Top holdings2019-03-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.META 6.ORCL 7.PEP 8.DIS 9.HON 10.ACN
2018-12-31	62	$476.0M	16	1GOOGL 2VZ 3UNH Top holdings2018-12-31 1.GOOGL 2.VZ 3.UNH 4.JNJ 5.ORCL 6.PEP 7.META 8.HON 9.HD 10.DIS
2018-09-30	65	$480.9M	21	1JNJ 2GOOGL 3ORCL Top holdings2018-09-30 1.JNJ 2.GOOGL 3.ORCL 4.UNH 5.VZ 6.HON 7.META 8.PEP 9.COR 10.SBUX
2018-06-30	63	$414.4M	37	1AAPL 2GOOGL 3JNJ Top holdings2018-06-30 1.AAPL 2.GOOGL 3.JNJ 4.META 5.VZ 6.ORCL 7.UNH 8.PEP 9.GOOG 10.HON
2018-03-31	59	$499.4M	40	1JNJ 2AAPL 3ORCL Top holdings2018-03-31 1.JNJ 2.AAPL 3.ORCL 4.GOOGL 5.VZ 6.UNH 7.SBUX 8.GOOG 9.IBM 10.DIS
2017-12-31	63	$418.4M	0	1AAPL 2JNJ 3VZ Top holdings2017-12-31 1.AAPL 2.JNJ 3.VZ 4.ORCL 5.GOOGL 6.OMC 7.UNH 8.GOOG 9.SDA 10.26483E

Holding changes this quarter

Position changes disclosed by Bell Asset Management Ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NVDA	Nvidia CORP	+1.2%	+11.98%	Add
2	AAPL	Apple INC	+0.8%	+12.74%	Add
3	AVGO	Broadcom INC	+0.6%	+23.16%	Add
4	NFLX	Netflix INC	+0.5%	+45.37%	Add
5	TMO	Thermo Fisher Scientific INC	+0.4%	+40.90%	Add
6	VEEV	Veeva Systems Inc-class A	+0.3%	+45.99%	Add
7	MSFT	Microsoft CORP	+0.1%	+19.72%	Add
8	SPGI	S&p Global INC	0%	+11.30%	Add
9	V	Visa Inc-class A Shares	0%	+4.49%	Add
10	MRSH	Marsh & Mclennan Cos	-0.1%	-7.55%	Trim
11	BR	Broadridge Financial Solutio	-0.1%	+16.74%	Add
12	GWW	Ww Grainger INC	-0.1%	-22.62%	Trim
13	CPRT	Copart INC	-0.1%	-2.09%	Trim
14	WM	Waste Management INC	-0.1%	-19.17%	Trim
15	LLY	Eli Lilly & Co	-0.1%	-10.38%	Trim
16	UNH	Unitedhealth Group INC	-0.2%	-2.12%	Trim
17	KEYS	Keysight Technologies In	-0.2%	-44.08%	Trim
18	DXCM	Dexcom INC	-0.2%	-20.17%	Trim
19	MCD	Mcdonald's CORP	-0.2%	-33.41%	Trim
20	BJ	Bj's Wholesale Club Holdings	-0.3%	-33.25%	Trim
21	WMS	Advanced Drainage Systems In	-0.3%	-35.42%	Trim
22	AMZN	Amazon.com INC	-0.3%	-5.32%	Trim
23	MSCI	Msci INC	-0.3%	-29.32%	Trim
24	GOOGL	Alphabet Inc-cl A	-0.4%	-6.11%	Trim
25	ORCL	Oracle CORP	-0.4%	-8.26%	Trim
26	PCTY	Paylocity Holding CORP	-0.5%	-11.23%	Trim
27	ACN	Accenture plc	-0.5%	-12.32%	Trim
28	PG	Procter & Gamble Co/the	-0.6%	-42.43%	Trim
29	MSI	Motorola Solutions INC	-0.6%	-49.69%	Trim
30	META	Meta Platforms Inc-class A	-1.2%	-43.23%	Trim
31	HD	Home Depot INC	—	EXIT	Sold out
32	FBIN	Fortune Brands Innovations I	—	EXIT	Sold out
33	NKE	Nike INC -cl B	—	EXIT	Sold out
34	SNPS	Synopsys INC	—	EXIT	Sold out
35	CDNS	Cadence Design Sys INC	—	NEW	New buy
36	ODFL	Old Dominion Freight Line	—	EXIT	Sold out
37	ABT	Abbott Laboratories	—	NEW	New buy
38	TEL	TE Connectivity plc	—	NEW	New buy
39	DKS	Dick's Sporting Goods INC	—	NEW	New buy
40	CLH	Clean Harbors INC	—	EXIT	Sold out
41	A	Agilent Technologies INC	—	NEW	New buy
42	TER	Teradyne INC	—	EXIT	Sold out
43	ABBV	Abbvie INC	—	NEW	New buy
44	NOW	Servicenow INC	—	NEW	New buy
45	SFM	Sprouts Farmers Market INC	—	EXIT	Sold out
46	ADSK	Autodesk INC	—	NEW	New buy
47	CDW	Cdw Corp/de	—	NEW	New buy
48	TTC	Toro Co	—	EXIT	Sold out
49	MELI	Mercadolibre INC	—	NEW	New buy
50	AXP	American Express Co	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-29	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-13	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-13	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-12	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-10	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-04-11	13F-HR	View on EDGAR
2018-12-31	2019-01-22	13F-HR	View on EDGAR
2018-09-30	2018-10-29	13F-HR	View on EDGAR
2018-06-30	2018-08-13	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR