SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Bell Asset Management Ltd

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

Reported Value
$608M
Q3 2023
Positions
63
Filings on Record
30
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Bell Asset Management Ltd reported $608M in U.S.-listed holdings across 63 positions for Q3 2023.

Its largest position, MSFT, represents 6.8% of the portfolio.

Compared with Q2 2023, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+12.8%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+6.8%
Microsoft
New / Exited
5 / 4
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: 94.5%Other: 5.5%
  • Common Stock · 94.5% · $574M
  • Other · 5.5% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSIMOTOROLA SOLUTIONS INCNEW+35.2K35.2K+$10M$10M
HUMHUMANA INCNEW+17.6K17.6K+$9M$9M
TTCTORO CONEW+89.6K89.6K+$7M$7M
HLIHOULIHAN LOKEY INCNEW+67.7K67.7K+$7M$7M
BKNGBOOKING HOLDINGS INCNEW+1.5K1.5K+$5M$5M
MSFTMICROSOFT CORPADDED+82.2K130.6K+$25M$41M
PFEPFIZER INCSOLD OUT−275.4K0−$10M$0
PGPROCTER AND GAMBLE COSOLD OUT−56.5K0−$9M$0

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

Holdings — Q3 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.79%$41M130.6K
2GOOGLALPHABET INChistory →CAP STK CL A5.49%$33M255.0K
3UNHUNITEDHEALTH GROUP INChistory →COM4.18%$25M50.4K
4JNJJOHNSON & JOHNSONhistory →COM2.33%$14M90.8K
5HONGBPHONEYWELL INTL INChistory →COM2.18%$13M71.8K
6CSCOCISCO SYS INChistory →COM2.05%$12M231.4K
7ABGCENCORA INChistory →COM1.97%$12M66.6K
8ACCENTURE PLC IRELANDSHS CLASS A1.94%$12M38.3K
9GENPACT LIMITEDSHS1.88%$11M315.0K
10MTDMETTLER TOLEDO INTERNATIONALhistory →COM1.77%$11M9.7K
11TSCOTRACTOR SUPPLY COhistory →COM1.72%$10M51.5K
12VVISA INChistory →COM CL A1.71%$10M45.2K
13CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A1.70%$10M152.8K
14SCISERVICE CORP INTLhistory →COM1.68%$10M178.7K
15AON PLCSHS CL A1.68%$10M31.4K
16FISVFISERV INChistory →COM1.68%$10M90.2K
17KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.64%$10M75.5K
18PEPPEPSICO INChistory →COM1.64%$10M58.8K
19CHARLES RIV LABS INTL INCCOM1.62%$10M50.3K
20ANETEURARISTA NETWORKS INChistory →COM1.62%$10M53.6K
21MSIMOTOROLA SOLUTIONS INChistory →COM NEW1.58%$10M35.2K
22KOCOCA COLA COhistory →COM1.55%$9M168.6K
23TXNTEXAS INSTRS INChistory →COM1.54%$9M58.9K
24ZTSZOETIS INChistory →CL A1.53%$9M53.6K
25ELLAUDER ESTEE COS INChistory →CL A1.51%$9M63.4K
26HCAHCA HEALTHCARE INChistory →COM1.51%$9M37.2K
27MAMASTERCARD INCORPORATEDhistory →CL A1.50%$9M23.0K
28AXPAMERICAN EXPRESS COhistory →COM1.48%$9M60.3K
29PCTYPAYLOCITY HLDG CORPhistory →COM1.45%$9M48.6K
30EWEDWARDS LIFESCIENCES CORPhistory →COM1.45%$9M127.0K
31POOLPOOL CORPhistory →COM1.43%$9M24.5K
32NKENIKE INChistory →CL B1.43%$9M91.1K
33BJBJS WHSL CLUB HLDGS INChistory →COM1.43%$9M122.1K
34HUMHUMANA INChistory →COM1.41%$9M17.6K
35MRSHMARSH & MCLENNAN COS INChistory →COM1.37%$8M43.7K
36KRKROGER COhistory →COM1.36%$8M184.7K
37AMGNAMGEN INChistory →COM1.31%$8M29.7K
38ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.31%$8M33.6K
39HDHOME DEPOT INChistory →COM1.31%$8M26.3K
40ADPAUTOMATIC DATA PROCESSING INhistory →COM1.31%$8M33.0K
41TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.27%$8M15.2K
42FOXFFOX FACTORY HLDG CORPhistory →COM1.25%$8M76.4K
43WMSADVANCED DRAIN SYS INC DELhistory →COM1.23%$7M65.6K
44TTCTORO COhistory →COM1.23%$7M89.6K
45AMZNAMAZON COM INChistory →COM1.22%$7M58.3K
46ADBEADOBE INChistory →COM1.22%$7M14.5K
47JKHYHENRY JACK & ASSOC INChistory →COM1.21%$7M48.8K
48HLIHOULIHAN LOKEY INChistory →CL A1.19%$7M67.7K
49BRBROADRIDGE FINL SOLUTIONS INhistory →COM1.18%$7M40.1K
50LOWLOWES COS INChistory →COM1.18%$7M34.4K

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 ↗.