SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Bell Asset Management Ltd

CIK 0001681004 · LEVEL 30, 101 COLLINS STREET, MELBOURNE, C3, 3000 · 61 3 8637 6000

Reported Value
$534M
Q4 2022
Positions
60
Filings on Record
30
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Bell Asset Management Ltd reported $534M in U.S.-listed holdings across 60 positions for Q4 2022.

Its largest position, MSFT, represents 4.9% of the portfolio.

Compared with Q3 2022, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+29.0%
share of reported value
Largest Position
+4.9%
Microsoft
New / Exited
4 / 1
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: $476MQ4 ’18Q1 ’19: $582MQ2 ’19: $617MQ3 ’19: $651MQ4 ’19: $389MQ4 ’19Q1 ’20: $321MQ2 ’20: $369MQ3 ’20: $402MQ4 ’20: $457MQ4 ’20Q1 ’21: $466MQ2 ’21: $511MQ3 ’21: $586MQ4 ’21: $620MQ4 ’21Q1 ’22: $581MQ2 ’22: $507MQ3 ’22: $493MQ4 ’22: $534MQ4 ’22Q1 ’23: $547MQ2 ’23: $585MQ3 ’23: $608MQ4 ’23: $656MQ4 ’23Q1 ’24: $682MQ2 ’24: $713MQ3 ’24: $546MQ4 ’24: $549MQ4 ’24Q1 ’25: $544MQ2 ’25: $454MQ3 ’25: $366MQ4 ’25: $374MQ4 ’25Q1 ’26: $340Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.8%Other: 8.2%
  • Common Stock · 91.8% · $490M
  • Other · 8.2% · $44M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ICON PLCNEW+47.5K47.5K+$9M$9M
KOCOCA COLA CONEW+129.7K129.7K+$8M$8M
CHECK POINT SOFTWARE TECH LTNEW+60.3K60.3K+$8M$8M
AON PLCNEW+22.5K22.5K+$7M$7M
BAHBOOZ ALLEN HAMILTON HLDG CORSOLD OUT−65.0K0−$6M$0
BRBROADRIDGE FINL SOLUTIONS INADDED+28.5K66.8K+$3M$9M
TTCTORO COTRIMMED−59.2K45.0K−$4M$5M
FOXFFOX FACTORY HLDG CORPTRIMMED−56.8K54.6K−$4M$5M

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

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.89%$26M108.9K
2GOOGLALPHABET INChistory →CAP STK CL A4.80%$26M290.4K
3BACVERIZON COMMUNICATIONS INChistory →COM3.01%$16M407.7K
4JNJJOHNSON & JOHNSONhistory →COM2.49%$13M75.2K
5ABGAMERISOURCEBERGEN CORPhistory →COM2.48%$13M79.8K
6AMZNAMAZON COM INChistory →COM2.39%$13M152.1K
7CSCOCISCO SYS INChistory →COM2.30%$12M257.9K
8UNHUNITEDHEALTH GROUP INChistory →COM2.27%$12M22.9K
9KRKROGER COhistory →COM2.20%$12M263.1K
10ZTSZOETIS INChistory →CL A2.17%$12M79.0K
11ORCLORACLE CORPhistory →COM2.16%$12M141.4K
12VVISA INChistory →COM CL A2.12%$11M54.6K
13MAMASTERCARD INCORPORATEDhistory →CL A2.04%$11M31.3K
14ACCENTURE PLC IRELANDSHS CLASS A2.02%$11M40.5K
15ELLAUDER ESTEE COS INChistory →CL A2.01%$11M43.2K
16ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.98%$11M41.3K
17CHDCHURCH & DWIGHT CO INChistory →COM1.98%$11M131.3K
18FISVFISERV INChistory →COM1.94%$10M102.4K
19CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A1.88%$10M175.6K
20GENPACT LIMITEDSHS1.78%$10M205.5K
21HCAHCA HEALTHCARE INChistory →COM1.77%$9M39.5K
22ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.76%$9M27.9K
23ICON PLCSHS1.73%$9M47.5K
24CHARLES RIV LABS INTL INCCOM1.71%$9M41.9K
25BRBROADRIDGE FINL SOLUTIONS INhistory →COM1.68%$9M66.8K
26KOCOCA COLA COhistory →COM1.54%$8M129.7K
27TXNTEXAS INSTRS INChistory →COM1.53%$8M49.4K
28POOLPOOL CORPhistory →COM1.48%$8M26.2K
29FBINFORTUNE BRANDS INNOVATIONS Ihistory →COM1.45%$8M135.2K
30MASI*MASIMO CORPhistory →COM1.43%$8M51.7K
31MRSHMARSH & MCLENNAN COS INChistory →COM1.43%$8M46.2K
32CHECK POINT SOFTWARE TECH LTORD1.42%$8M60.3K
33HONGBPHONEYWELL INTL INChistory →COM1.40%$7M34.9K
34PGPROCTER AND GAMBLE COhistory →COM1.39%$7M49.0K
35NKENIKE INChistory →CL B1.39%$7M63.5K
36EAELECTRONIC ARTS INChistory →COM1.36%$7M59.6K
37TSCOTRACTOR SUPPLY COhistory →COM1.35%$7M32.1K
38AXPAMERICAN EXPRESS COhistory →COM1.33%$7M48.2K
39ECLECOLAB INChistory →COM1.32%$7M48.3K
40KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.31%$7M40.9K
41ANETEURARISTA NETWORKS INChistory →COM1.30%$7M57.1K
42AON PLCSHS CL A1.27%$7M22.5K
43EWEDWARDS LIFESCIENCES CORPhistory →COM1.26%$7M90.0K
44SPGIS&P GLOBAL INChistory →COM1.25%$7M20.0K
45HDHOME DEPOT INChistory →COM1.23%$7M20.8K
46SBUXSTARBUCKS CORPhistory →COM1.23%$7M66.3K
47SCISERVICE CORP INTLhistory →COM1.22%$7M94.1K
48AMGNAMGEN INChistory →COM1.22%$7M24.7K
49LOWLOWES COS INChistory →COM1.21%$6M32.5K
50COSTCOSTCO WHSL CORP NEWhistory →COM1.07%$6M12.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$340M61Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025$374M59Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$366M63Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$454M62Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$544M66May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$549M64Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$546M64Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$713M63Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$682M61May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$656M64Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$608M63Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$585M62Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$547M60May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$534M60Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$493M57Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$507M58Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$581M57May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$620M55Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$586M59Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$511M61Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$466M60May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$457M60Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$402M60Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$369M60Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$321M61May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$389M67Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$651M66Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$617M63Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$582M61Apr 11, 201913F-HRchanges · EDGAR ↗
Q4 2018$476M62Jan 22, 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 ↗.