CIK: 0001600152
Total reported value
$554.3M
Reporting period: 2026-03-31 · Number of holdings: 118
Bellecapital International Ltd. disclosed 118 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $554.3M and a quarterly turnover rate of 33.0%.
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Bellecapital International Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, well below its 118 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.52), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add BN
+5568.0% $13.8M
Trim XMTR
+4.7% -$4.8M
Trim GOOGL
-5.0% -$4.9M
Add VCSH
+1558.8% $4.2M
Add TSM
+1.1% $3.4M
Add COST
+3.7% $3.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 6.02% | -0.76% | -5.00% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 5.61% | +0.70% | +1.08% | |
| 3 | AAPL | Apple INC | Stock-Tech | 5.15% | -0.39% | -2.08% | |
| 4 | AMD | Advanced Micro Devices | Stock-Tech | 4.57% | -0.36% | -4.01% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 4.26% | -0.39% | +17.73% | |
| 6 | WMT | Walmart INC | Stock-Consumer Staples | 3.64% | +0.30% | -3.63% | |
| 7 | ANET | Arista Networks INC | Stock-Tech | 3.46% | — | +6.62% | |
| 8 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 3.39% | +0.22% | +5.09% | |
| 9 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 3.31% | +0.59% | +3.73% | |
| 10 | MELI | Mercadolibre INC | Stock-Consumer Disc | 2.87% | -0.15% | +8.73% | |
| 11 | SNPS | Synopsys INC | Stock-Tech | 2.83% | -0.14% | +11.16% | |
| 12 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.67% | — | +11.81% | |
| 13 | ABBV | Abbvie INC | Stock-Healthcare | 2.62% | — | +3.29% | |
| 14 | BN | Brookfield CORP | Stock-Financials | 2.54% | +2.49% | +5568.04% | |
| 15 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 2.54% | -0.55% | +2.80% | |
| 16 | FAST | Fastenal Co | Stock-Industrials | 2.36% | +0.39% | +1.76% | |
| 17 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.25% | -0.28% | -2.91% | |
| 18 | XMTR | Xometry Inc-a | Stock-Other | 2.21% | -0.81% | +4.68% | |
| 19 | RACE | Ferrari N.V. | Stock-Consumer Disc | 2.16% | +2.16% | NEW | |
| 20 | SPGI | S&p Global INC | Stock-Financials | 2.05% | -0.58% | -5.62% | |
| 21 | SHOP | Shopify INC - Class A | Stock-Tech | 1.74% | -0.45% | +6.23% | |
| 22 | ADBE | Adobe INC | Stock-Tech | 1.72% | -0.52% | +8.60% | |
| 23 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.55% | -0.33% | -14.29% | |
| 24 | TTE | Totalenergies Se | Stock-Other | 1.54% | +1.54% | NEW | |
| 25 | TSCO | Tractor Supply Company | Stock-Consumer Disc | 1.44% | — | +8.56% | |
| 26 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 1.43% | +1.43% | NEW | |
| 27 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 1.42% | -0.14% | +6.02% | |
| 28 | PFE | Pfizer INC | Stock-Healthcare | 1.30% | +0.23% | +6.35% | |
| 29 | GLD | Spdr Gold Shares | ETF-Commodities | 1.26% | +0.19% | +6.29% | |
| 30 | AMRZ | Amrize Ltd | Stock-Materials | 1.09% | +1.09% | NEW | |
| 31 | NFLX | Netflix INC | Stock-Comm Services | 1.04% | +0.13% | +10.71% | |
| 32 | NVDA | Nvidia CORP | Stock-Tech | 0.98% | -0.31% | -20.11% | |
| 33 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.94% | +0.94% | NEW | |
| 34 | LOGI | Logitech International S.A. | Stock-Tech | 0.93% | +0.93% | NEW | |
| 35 | MO | Altria Group INC | Stock-Consumer Staples | 0.87% | +0.16% | +5.26% | |
| 36 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.86% | — | +37.30% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.82% | -0.22% | -18.49% | |
| 38 | CPRT | Copart INC | Stock-Industrials | 0.82% | -0.17% | -3.75% | |
| 39 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.80% | +0.75% | +1558.80% | |
| 40 | IAU | Ishares Gold Trust | ETF-Commodities | 0.79% | — | +4.09% | |
| 41 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.51% | — | -24.47% | |
| 42 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.45% | — | -1.32% | |
| 43 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.42% | -0.17% | -23.08% | |
| 44 | ADP | Automatic Data Processing | Stock-Tech | 0.41% | -0.19% | -14.15% | |
| 45 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.40% | — | -22.92% | |
| 46 | UBS | UBS Group AG | Stock-Financials | 0.39% | +0.39% | NEW | |
| 47 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.34% | — | +2.54% | |
| 48 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.29% | — | +0.75% | |
| 49 | PSX | Phillips 66 | Stock-Energy | 0.29% | — | +15.18% | |
| 50 | AMAT | Applied Materials INC | Stock-Tech | 0.28% | — | -6.25% |
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+21.6%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 118 | $554.3M | 33 | |
| 2025-12-31 | 129 | $563.4M | 26 | |
| 2025-09-30 | 133 | $619.4M | 37 | |
| 2025-06-30 | 136 | $563.4M | 0 | |
| 2025-03-31 | 137 | $506.4M | 100 | |
| 2024-12-31 | 150 | $566.2M | 0 | |
| 2024-09-30 | 159 | $504.0M | 0 | |
| 2024-06-30 | 149 | $471.6M | 0 | |
| 2024-03-31 | 163 | $453.7M | 0 | |
| 2023-12-31 | 157 | $441.8M | 0 | |
| 2023-09-30 | 158 | $398.9M | 0 | |
| 2023-06-30 | 160 | $413.5M | 0 | |
| 2023-03-31 | 192 | $402.1M | 0 | |
| 2022-12-31 | 189 | $356.0M | 0 | |
| 2022-09-30 | 185 | $327.7M | 0 | |
| 2022-06-30 | 202 | $358.4M | 0 | |
| 2022-03-31 | 203 | $315.3M | 0 | |
| 2021-12-31 | 191 | $350.9M | 0 | |
| 2021-09-30 | 191 | $327.5M | 0 | |
| 2021-06-30 | 184 | $329.0M | 99 | |
| 2021-03-31 | 184 | $320.3M | 33 | |
| 2020-12-31 | 180 | $299.9M | 45 | |
| 2020-09-30 | 160 | $218.6M | 37 | |
| 2020-06-30 | 155 | $213.2M | 43 | |
| 2020-03-31 | 147 | $156.3M | 43 | |
| 2019-12-31 | 148 | $195.0M | 29 | |
| 2019-09-30 | 133 | $166.7M | 16 | |
| 2019-06-30 | 123 | $160.8M | 22 | |
| 2019-03-31 | 116 | $157.2M | 23 | |
| 2018-12-31 | 104 | $140.3M | 23 | |
| 2018-09-30 | 85 | $152.5M | 26 | |
| 2018-06-30 | 89 | $138.5M | 32 | |
| 2018-03-31 | 81 | $106.9M | 47 | |
| 2017-12-31 | 78 | $123.7M | 43 | |
| 2017-09-30 | 69 | $84.8M | 57 | |
| 2017-06-30 | 71 | $114.1M | 27 | |
| 2017-03-31 | 75 | $108.1M | 20 | |
| 2016-12-31 | 83 | $112.3M | 44 | |
| 2016-09-30 | 74 | $89.8M | 41 | |
| 2016-06-30 | 67 | $91.3M | 54 | |
| 2016-03-31 | 51 | $74.8M | 17 | |
| 2015-12-31 | 51 | $78.2M | 47 | |
| 2015-09-30 | 47 | $67.6M | 23 | |
| 2015-06-30 | 51 | $78.1M | 25 | |
| 2015-03-31 | 50 | $74.9M | 27 | |
| 2014-12-31 | 56 | $73.6M | 33 | |
| 2014-09-30 | 54 | $85.7M | 22 | |
| 2014-06-30 | 71 | $101.9M | 25 | |
| 2014-03-31 | 75 | $115.1M | 26 | |
| 2013-12-31 | 72 | $104.3M | 0 |
Bellecapital International Ltd.'s most significant position changes for 2026-03-31: Sold out: Trimas CORP (TRS); New buy: Ferrari N.V. (RACE); New buy: Totalenergies Se (TTE); New buy: Avantis Intl S/c Value ETF (AVDV); New buy: Amrize Ltd (AMRZ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BN | Brookfield CORP | +2.5% | +5568.04% | Add |
| 2 | VCSH | Vanguard S/t CORP Bond ETF | +0.8% | +1558.80% | Add |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +0.7% | +1.08% | Add |
| 4 | COST | Costco Wholesale CORP | +0.6% | +3.73% | Add |
| 5 | FAST | Fastenal Co | +0.4% | +1.76% | Add |
| 6 | WMT | Walmart INC | +0.3% | -3.63% | Trim |
| 7 | PFE | Pfizer INC | +0.2% | +6.35% | Add |
| 8 | REGN | Regeneron Pharmaceuticals | +0.2% | +5.09% | Add |
| 9 | GLD | Spdr Gold Shares | +0.2% | +6.29% | Add |
| 10 | MO | Altria Group INC | +0.2% | +5.26% | Add |
| 11 | NFLX | Netflix INC | +0.1% | +10.71% | Add |
| 12 | ZM | Zoom Communications INC | -0.1% | -28.09% | Trim |
| 13 | PAGS | PagSeguro Digital Ltd. | -0.1% | -72.99% | Trim |
| 14 | SNPS | Synopsys INC | -0.1% | +11.16% | Add |
| 15 | TMO | Thermo Fisher Scientific INC | -0.1% | +6.02% | Add |
| 16 | MELI | Mercadolibre INC | -0.2% | +8.73% | Add |
| 17 | CPRT | Copart INC | -0.2% | -3.75% | Trim |
| 18 | GOOG | Alphabet Inc-cl C | -0.2% | -23.08% | Trim |
| 19 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | -0.2% | -55.53% | Trim |
| 20 | ADP | Automatic Data Processing | -0.2% | -14.15% | Trim |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -18.49% | Trim |
| 22 | CSCO | Cisco Systems INC | -0.2% | -62.12% | Trim |
| 23 | AMZN | Amazon.com INC | -0.3% | -2.91% | Trim |
| 24 | NVDA | Nvidia CORP | -0.3% | -20.11% | Trim |
| 25 | BRK-A | Berkshire Hathaway Inc-cl A | -0.3% | -14.29% | Trim |
| 26 | AMD | Advanced Micro Devices | -0.4% | -4.01% | Trim |
| 27 | AAPL | Apple INC | -0.4% | -2.08% | Trim |
| 28 | MSFT | Microsoft CORP | -0.4% | +17.73% | Add |
| 29 | SHOP | Shopify INC - Class A | -0.5% | +6.23% | Add |
| 30 | ADBE | Adobe INC | -0.5% | +8.60% | Add |
| 31 | BKNG | Booking Holdings INC | -0.6% | +2.80% | Add |
| 32 | SPGI | S&p Global INC | -0.6% | -5.62% | Trim |
| 33 | GOOGL | Alphabet Inc-cl A | -0.8% | -5.00% | Trim |
| 34 | XMTR | Xometry Inc-a | -0.8% | +4.68% | Add |
| 35 | TRS | Trimas CORP | — | EXIT | Sold out |
| 36 | RACE | Ferrari N.V. | — | NEW | New buy |
| 37 | TTE | Totalenergies Se | — | NEW | New buy |
| 38 | AVDV | Avantis Intl S/c Value ETF | — | NEW | New buy |
| 39 | AMRZ | Amrize Ltd | — | NEW | New buy |
| 40 | UNH | Unitedhealth Group INC | — | EXIT | Sold out |
| 41 | AVEM | Avantis Emerging Markets Eq | — | NEW | New buy |
| 42 | LOGI | Logitech International S.A. | — | NEW | New buy |
| 43 | UBS | UBS Group AG | — | NEW | New buy |
| 44 | TSLA | Tesla INC | — | EXIT | Sold out |
| 45 | MSTR | Strategy INC | — | EXIT | Sold out |
| 46 | BL 0 03-15-26 | Blackline INC | — | EXIT | Sold out |
| 47 | XMMO | Invesco S&p Midcap Momentum | — | NEW | New buy |
| 48 | WPM | Wheaton Precious Metals CORP | — | NEW | New buy |
| 49 | XSMO | Invesco S&p Smallcap Momentu | — | NEW | New buy |
| 50 | SLV | Ishares Silver Trust | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-04-17 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-02 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-17 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-29 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-16 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-06 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-21 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-19 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-03 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-22 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-17 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-25 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-07 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-27 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-07-27 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-03 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-20 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-21 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-28 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-13 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-14 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-16 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-24 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-22 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-22 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-23 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-12 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-24 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-06 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-25 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-26 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-05 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-10 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-03 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-11 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-22 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-19 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-28 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-07 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-07-07 | Amendment | View on EDGAR |
| 2015-03-31 | 2015-04-27 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-21 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-23 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-11 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
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