SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Bell Asset Management Ltd

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

Reported Value
$585M
Q2 2023
Positions
62
Filings on Record
30
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Bell Asset Management Ltd reported $585M in U.S.-listed holdings across 62 positions for Q2 2023.

Its largest position, GOOGL, represents 5.0% of the portfolio.

Compared with Q1 2023, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+28.3%
share of reported value
Largest Position
+5.0%
Alphabet
New / Exited
5 / 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. 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: 94.1%Other: 5.9%
  • Common Stock · 94.1% · $550M
  • Other · 5.9% · $34M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BJBJS WHSL CLUB HLDGS INCNEW+111.4K111.4K+$7M$7M
ADPAUTOMATIC DATA PROCESSING INNEW+31.2K31.2K+$7M$7M
TMOTHERMO FISHER SCIENTIFIC INCNEW+12.0K12.0K+$6M$6M
PCTYPAYLOCITY HLDG CORPNEW+33.0K33.0K+$6M$6M
MSCIMSCI INCNEW+9.9K9.9K+$5M$5M
ELLAUDER ESTEE COS INCADDED+35.3K57.9K+$6M$11M
MTDMETTLER TOLEDO INTERNATIONALADDED+3.3K6.1K+$4M$8M
EAELECTRONIC ARTS INCSOLD OUT−66.8K0−$8M$0

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

Holdings — Q2 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A5.02%$29M245.3K
2UNHUNITEDHEALTH GROUP INChistory →COM3.33%$19M40.5K
3MSFTMICROSOFT CORPhistory →COM2.82%$16M48.4K
4BACVERIZON COMMUNICATIONS INChistory →COM2.77%$16M435.3K
5CSCOCISCO SYS INChistory →COM2.58%$15M291.2K
6ACCENTURE PLC IRELANDSHS CLASS A2.57%$15M48.6K
7ABGAMERISOURCEBERGEN CORPhistory →COM2.54%$15M77.2K
8JNJJOHNSON & JOHNSONhistory →COM2.36%$14M83.2K
9BRBROADRIDGE FINL SOLUTIONS INhistory →COM2.21%$13M78.1K
10KRKROGER COhistory →COM2.10%$12M261.0K
11HONGBPHONEYWELL INTL INChistory →COM2.09%$12M58.9K
12CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A1.95%$11M174.2K
13ELLAUDER ESTEE COS INChistory →CL A1.94%$11M57.9K
14GENPACT LIMITEDSHS1.78%$10M276.3K
15FISVFISERV INChistory →COM1.76%$10M81.4K
16AMGNAMGEN INChistory →COM1.74%$10M45.8K
17PFEPFIZER INChistory →COM1.73%$10M275.4K
18PEPPEPSICO INChistory →COM1.70%$10M53.7K
19TXNTEXAS INSTRS INChistory →COM1.65%$10M53.7K
20CHARLES RIV LABS INTL INCCOM1.65%$10M45.9K
21AXPAMERICAN EXPRESS COhistory →COM1.64%$10M55.0K
22ZTSZOETIS INChistory →CL A1.61%$9M54.7K
23WMSADVANCED DRAIN SYS INC DELhistory →COM1.60%$9M82.4K
24KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.59%$9M55.4K
25KOCOCA COLA COhistory →COM1.58%$9M153.7K
26POOLPOOL CORPhistory →COM1.58%$9M24.7K
27TSCOTRACTOR SUPPLY COhistory →COM1.56%$9M41.3K
28HCAHCA HEALTHCARE INChistory →COM1.56%$9M30.0K
29ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.55%$9M30.7K
30SCISERVICE CORP INTLhistory →COM1.52%$9M137.9K
31AON PLCSHS CL A1.52%$9M25.8K
32MRSHMARSH & MCLENNAN COS INChistory →COM1.47%$9M45.8K
33PGPROCTER AND GAMBLE COhistory →COM1.47%$9M56.5K
34VVISA INChistory →COM CL A1.44%$8M35.4K
35AMZNAMAZON COM INChistory →COM1.42%$8M63.9K
36MAMASTERCARD INCORPORATEDhistory →CL A1.41%$8M21.0K
37ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.40%$8M16.7K
38CHDCHURCH & DWIGHT CO INChistory →COM1.40%$8M81.5K
39EWEDWARDS LIFESCIENCES CORPhistory →COM1.40%$8M86.5K
40HDHOME DEPOT INChistory →COM1.39%$8M26.2K
41MTDMETTLER TOLEDO INTERNATIONALhistory →COM1.38%$8M6.1K
42ANETEURARISTA NETWORKS INChistory →COM1.36%$8M49.0K
43FOXFFOX FACTORY HLDG CORPhistory →COM1.29%$8M69.7K
44NKENIKE INChistory →CL B1.29%$8M68.4K
45JKHYHENRY JACK & ASSOC INChistory →COM1.28%$7M44.6K
46ORCLORACLE CORPhistory →COM1.26%$7M62.0K
47LOWLOWES COS INChistory →COM1.21%$7M31.4K
48BJBJS WHSL CLUB HLDGS INChistory →COM1.20%$7M111.4K
49FBINFORTUNE BRANDS INNOVATIONS Ihistory →COM1.18%$7M95.5K
50ADPAUTOMATIC DATA PROCESSING INhistory →COM1.17%$7M31.2K

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 ↗.