SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Bell Asset Management Ltd

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

Reported Value
$547M
Q1 2023
Positions
60
Filings on Record
30
2019–present window
Filed
May 12, 2023
original filing

Summary

Bell Asset Management Ltd reported $547M in U.S.-listed holdings across 60 positions for Q1 2023.

Its largest position, GOOGL, represents 6.1% of the portfolio.

Compared with Q4 2022, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+12.5%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+6.1%
Alphabet
New / Exited
3 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 100.0%
  • Common Stock · 100.0% · $547M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PFEPFIZER INCNEW+252.2K252.2K+$10M$10M
WMSADVANCED DRAIN SYS INC DELNEW+72.0K72.0K+$6M$6M
CLCOLGATE PALMOLIVE CONEW+75.3K75.3K+$6M$6M
PEPPEPSICO INCADDED+34.8K62.1K+$6M$11M
ICLRICON PLCSOLD OUT−47.5K0−$9M$0
CHKPCHECK POINT SOFTWARE TECH LTSOLD OUT−60.3K0−$8M$0
TTCTORO COSOLD OUT−45.0K0−$5M$0
AMGNAMGEN INCADDED+21.1K45.9K+$5M$11M

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

Holdings — Q1 2023

60 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A6.06%$33M319.7K
2MSFTMICROSOFT CORPhistory →COM3.85%$21M73.0K
3UNHUNITEDHEALTH GROUP INChistory →COM3.17%$17M36.7K
4VZVERIZON COMMUNICATIONS INChistory →COM3.10%$17M436.1K
5ACNACCENTURE PLC IRELANDhistory →SHS CLASS A2.97%$16M56.9K
6CSCOCISCO SYS INChistory →COM2.79%$15M291.7K
7AMZNAMAZON COM INChistory →COM2.64%$14M139.8K
8CORAMERISOURCEBERGEN CORPhistory →COM2.52%$14M86.1K
9JNJJOHNSON & JOHNSONhistory →COM2.36%$13M83.3K
10KRKROGER COhistory →COM2.36%$13M261.5K
11BRBROADRIDGE FINL SOLUTIONS INhistory →COM2.10%$11M78.2K
12PEPPEPSICO INChistory →COM2.07%$11M62.1K
13HONHONEYWELL INTL INChistory →COM2.07%$11M59.1K
14AMGNAMGEN INChistory →COM2.03%$11M45.9K
15CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A1.94%$11M174.5K
16PFEPFIZER INChistory →COM1.88%$10M252.2K
17GGENPACT LIMITEDhistory →SHS1.87%$10M221.1K
18KOCOCA COLA COhistory →COM1.75%$10M154.0K
19PGPROCTER AND GAMBLE COhistory →COM1.72%$9M63.4K
20CHDCHURCH & DWIGHT CO INChistory →COM1.72%$9M106.4K
21ORCLORACLE CORPhistory →COM1.71%$9M100.9K
22ZTSZOETIS INChistory →CL A1.69%$9M55.5K
23FISVFISERV INChistory →COM1.69%$9M81.7K
24HCAHCA HEALTHCARE INChistory →COM1.68%$9M34.9K
25ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.64%$9M23.3K
26ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.58%$9M27.2K
27CHARLES RIV LABS INTL INCCOM1.53%$8M41.6K
28EWEDWARDS LIFESCIENCES CORPhistory →COM1.52%$8M100.7K
29AONAON PLChistory →SHS CL A1.49%$8M25.8K
30EAELECTRONIC ARTS INChistory →COM1.47%$8M66.8K
31TXNTEXAS INSTRS INChistory →COM1.45%$8M42.5K
32MRSHMARSH & MCLENNAN COS INChistory →COM1.40%$8M45.9K
33SCISERVICE CORP INTLhistory →COM1.39%$8M110.7K
34TSCOTRACTOR SUPPLY COhistory →COM1.37%$8M31.9K
35LOWLOWES COS INChistory →COM1.36%$7M37.3K
36KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.36%$7M46.1K
37VVISA INChistory →COM CL A1.26%$7M30.6K
38ARISTA NETWORKS INCCOM1.25%$7M40.9K
39MAMASTERCARD INCORPORATEDhistory →CL A1.25%$7M18.9K
40AXPAMERICAN EXPRESS COhistory →COM1.24%$7M41.2K
41JKHYHENRY JACK & ASSOC INChistory →COM1.23%$7M44.6K
42CBRECBRE GROUP INChistory →CL A1.20%$7M89.9K
43POOLPOOL CORPhistory →COM1.19%$6M18.9K
44COSTCOSTCO WHSL CORP NEWhistory →COM1.13%$6M12.5K
45HDHOME DEPOT INChistory →COM1.12%$6M20.7K
46WMSADVANCED DRAIN SYS INC DELhistory →COM1.11%$6M72.0K
47SPGIS&P GLOBAL INChistory →COM1.07%$6M17.0K
48ECLECOLAB INChistory →COM1.05%$6M34.8K
49FOXFFOX FACTORY HLDG CORPhistory →COM1.05%$6M47.1K
50CLCOLGATE PALMOLIVE COhistory →COM1.04%$6M75.3K
51FBINFORTUNE BRANDS INNOVATIONS Ihistory →COM1.03%$6M95.6K
52ELLAUDER ESTEE COS INChistory →CL A1.02%$6M22.6K
53MCOMOODYS CORPhistory →COM1.01%$6M18.0K
54NKENIKE INCCL B0.95%$5M42.6K
55YETIYETI HLDGS INCCOM0.82%$4M111.6K
56MASIMO CORPCOM0.81%$4M24.0K
57MTDMETTLER TOLEDO INTERNATIONALCOM0.79%$4M2.8K
58SBUXSTARBUCKS CORPCOM0.78%$4M40.9K
59VEEVVEEVA SYS INCCL A COM0.75%$4M22.4K
60IDXXIDEXX LABS INCCOM0.57%$3M6.2K

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 ↗.