SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Bellecapital International Ltd.

CIK 0001600152 · Part of the Capital Group family · LIMMATQUAI 1, ZURICH, V8, 8001 · 0041442681170

Reported Value
$563M
Q2 2025
Positions
136
Filings on Record
32
2019–present window
Filed
Jul 29, 2025
original filing

Summary

Bellecapital International Ltd. reported $563M in U.S.-listed holdings across 136 positions for Q2 2025.

Its largest position, TRS, represents 6.0% of the portfolio.

Compared with Q1 2025, the fund opened 11 new positions and exited 12.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+45.4%
share of reported value
Largest Position
+6.0%
Trimas
New / Exited
11 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $140MQ4 ’18Q1 ’19: $157MQ2 ’19: $161MQ3 ’19: $167MQ4 ’19: $195MQ4 ’19Q1 ’20: $156MQ2 ’20: $213MQ3 ’20: $219MQ4 ’20: $300MQ4 ’20Q1 ’21: $320MQ2 ’21: $329MQ3 ’21: $327MQ4 ’21: $351MQ4 ’21Q1 ’22: $344MQ2 ’22: $358MQ3 ’22: $328MQ4 ’22: $356MQ4 ’22Q1 ’23: $402MQ2 ’23: $413MQ3 ’23: $399MQ4 ’23: $442MQ4 ’23Q1 ’24: $454MQ2 ’24: $472MQ3 ’24: $504MQ4 ’24: $566MQ4 ’24Q1 ’25: $506MQ2 ’25: $563MQ3 ’25: $619MQ4 ’25: $563MQ4 ’25Q1 ’26: $554Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.2%ADR: 4.6%ETP: 4.0%Other: 1.1%US DOMESTIC: 0.5%Other: 0.5%
  • Common Stock · 89.2% · $503M
  • ADR · 4.6% · $26M
  • ETP · 4.0% · $23M
  • Other · 1.1% · $6M
  • US DOMESTIC · 0.5% · $3M
  • Other · 0.5% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VLOVALERO ENERGY CORPNEW+4.6K4.6K+$617,525$617,525
VRTVERTIV HOLDINGS CONEW+3.1K3.1K+$392,421$392,421
SLVISHARES SILVER TRNEW+9.7K9.7K+$319,602$319,602
ISHARES TRNEW+2.5K2.5K+$231,589$231,589
CRBGCOREBRIDGE FINL INCNEW+6.2K6.2K+$218,964$218,964
ISHARESNEW+3.9K3.9K+$211,293$211,293
FIXCOMFORT SYS USA INCNEW+387387+$207,513$207,513
ADIANALOG DEVICES INCNEW+867867+$206,363$206,363

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TRSTRIMAS CORPhistory →COM NEW6.02%$34M1.19M
2MSFTMICROSOFT CORPhistory →COM5.75%$32M65.2K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C5.43%$31M173.3K
4MLB1MERCADOLIBRE INChistory →COM4.82%$27M10.4K
5TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS4.51%$25M112.1K
6AAPLAPPLE INChistory →COM4.30%$24M118.1K
7AMDADVANCED MICRO DEVICES INChistory →COM4.24%$24M168.4K
8ANETARISTA NETWORKS INChistory →COM SHS4.10%$23M225.7K
9COSTCOSTCO WHSL CORP NEWhistory →COM4.06%$23M23.1K
10BKNGBOOKING HLDGS INChistory →COM3.52%$20M3.4K
11WMTWAL-MART STORES INChistory →COM3.47%$20M199.8K
12ADBEADOBE SYSTEMS INCORPORATEDhistory →COM3.45%$19M50.2K
13XMTRXOMETRY INChistory →CLASS A COM3.10%$17M517.7K
14SPGIS&P GLOBAL INChistory →COM2.94%$17M31.4K
15AMZNAMAZON COM INChistory →COM2.45%$14M62.8K
16REGNREGENERON PHARMACEUTICALShistory →COM2.38%$13M25.5K
17FISVFISERV INChistory →COM2.24%$13M73.1K
18FASTFASTENAL COhistory →COM2.08%$12M279.2K
19ABBVABBVIE INChistory →COM2.05%$12M62.3K
20SHOPSHOPIFY INChistory →CL A1.67%$9M81.7K
21TSCOTRACTOR SUPPLY COhistory →COM1.65%$9M175.9K
22CPRTCOPART INChistory →COM1.49%$8M170.7K
23ADPAUTOMATIC DATA PROCESSING INhistory →COM1.48%$8M27.0K
24NFLXNETFLIX INChistory →COM1.35%$8M5.7K
25GQ9SPDR GOLD TRUSThistory →GOLD SHS1.30%$7M24.1K
26NVDANVIDIA CORPORATIONhistory →COM1.18%$7M42.0K
27TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.04%$6M14.5K
28METAFACEBOOK INChistory →CL A1.02%$6M7.8K
29BRK/BBERKSHIRE HATHAWAY INChistory →CL B1.00%$6M11.6K
30UNHUNITEDHEALTH GROUP INCCOM0.91%$5M16.4K
31PFEPFIZER INCCOM0.89%$5M206.0K
32MOALTRIA GROUP INCCOM0.73%$4M70.2K
33CHVCHEVRON CORP NEWCOM0.61%$3M23.9K
34IBITISHARES BITCOIN TRSHS0.61%$3M55.9K
35CSCOCISCO SYS INCCOM0.46%$3M37.1K
36PAGSEGURO DIGITAL LTDCOM CL A0.46%$3M266.9K
37BACVERIZON COMMUNICATIONS INCCOM0.38%$2M49.7K
38GARMIN LTDSHS0.37%$2M10.1K
39ZMZOOM VIDEO COMMUNICATIONS INCL A0.37%$2M26.7K
40ISHARES TRIBOXX HI YD ETF0.35%$2M24.8K
41PYPLPAYPAL HLDGS INCCOM0.35%$2M26.6K
42SBUXSTARBUCKS CORPCOM0.33%$2M20.3K
43FWONKLIBERTY MEDIA CORP DELCOM LBTY ONE S C0.33%$2M17.7K
44TROWPRICE T ROWE GROUP INCCOM0.29%$2M17.2K
45PIMCO ETF TR0-5 HIGH YIELD0.29%$2M17.3K
46BLACKLINE INCNOTE 3/1 ADDED0.29%$2M1.69M
47DUKDUKE ENERGY CORP NEWCOM NEW0.28%$2M13.6K
48VANGUARD SCOTTSDALE FDSINT-TERM CORP0.28%$2M18.8K
49LLYLILLY ELI & COCOM0.26%$1M1.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$554M118May 12, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$563M129Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$619M133Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$563M136Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$506M137Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$566M150Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$504M159Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$472M149Jul 19, 202413F-HRchanges · EDGAR ↗
Q1 2024$454M163May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$442M157Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$399M158Oct 17, 202313F-HRchanges · EDGAR ↗
Q2 2023$413M160Jul 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$402M192Apr 25, 202313F-HRchanges · EDGAR ↗
Q4 2022$356M189Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$328M185Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$358M202Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$344M199May 3, 202213F-HRchanges · EDGAR ↗
Q4 2021$351M191Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$327M191Oct 21, 202113F-HRchanges · EDGAR ↗
Q2 2021$329M184Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$320M184Apr 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$300M180Jan 14, 202113F-HRchanges · EDGAR ↗
Q3 2020$219M160Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$213M155Jul 16, 202013F-HRchanges · EDGAR ↗
Q1 2020$156M147Apr 24, 202013F-HRchanges · EDGAR ↗
Q4 2019$195M148Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$167M133Oct 22, 201913F-HRchanges · EDGAR ↗
Q2 2019$161M123Jul 22, 201913F-HRchanges · EDGAR ↗
Q1 2019$157M116Apr 23, 201913F-HRchanges · EDGAR ↗
Q4 2018$140M104Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.