SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Bell Asset Management Ltd

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

Reported Value
$656M
Q4 2023
Positions
64
Filings on Record
30
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Bell Asset Management Ltd reported $656M in U.S.-listed holdings across 64 positions for Q4 2023.

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

Compared with Q3 2023, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+6.8%
Alphabet
New / Exited
4 / 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: 94.8%Other: 5.2%
  • Common Stock · 94.8% · $622M
  • Other · 5.2% · $34M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MCDMCDONALDS CORPNEW+22.9K22.9K+$7M$7M
FDSFACTSET RESH SYS INCNEW+14.2K14.2K+$7M$7M
AG8AGILENT TECHNOLOGIES INCNEW+44.2K44.2K+$6M$6M
HSYHERSHEY CONEW+24.5K24.5K+$5M$5M
HONGBPHONEYWELL INTL INCSOLD OUT−71.8K0−$13M$0
FOXFFOX FACTORY HLDG CORPSOLD OUT−76.4K0−$8M$0
CHDCHURCH & DWIGHT CO INCSOLD OUT−48.1K0−$4M$0
MASI*MASIMO CORPTRIMMED−35.4K19.4K−$3M$2M

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A6.78%$44M318.1K
2MSFTMICROSOFT CORPhistory →COM6.49%$43M113.1K
3UNHUNITEDHEALTH GROUP INChistory →COM4.13%$27M51.4K
4JNJJOHNSON & JOHNSONhistory →COM2.53%$17M105.9K
5PEPPEPSICO INChistory →COM2.34%$15M90.2K
6EWEDWARDS LIFESCIENCES CORPhistory →COM2.05%$13M176.4K
7HCAHCA HEALTHCARE INChistory →COM2.00%$13M48.5K
8CSCOCISCO SYS INChistory →COM1.89%$12M245.4K
9GENPACT LIMITEDSHS1.82%$12M343.6K
10VVISA INChistory →COM CL A1.79%$12M45.0K
11FISVFISERV INChistory →COM1.76%$12M86.9K
12ACCENTURE PLC IRELANDSHS CLASS A1.74%$11M32.6K
13AXPAMERICAN EXPRESS COhistory →COM1.73%$11M60.7K
14TSCOTRACTOR SUPPLY COhistory →COM1.69%$11M51.4K
15BJBJS WHSL CLUB HLDGS INChistory →COM1.68%$11M165.7K
16ABGCENCORA INChistory →COM1.62%$11M51.7K
17AON PLCSHS CL A1.61%$11M36.3K
18ELLAUDER ESTEE COS INChistory →CL A1.57%$10M70.4K
19CHARLES RIV LABS INTL INCCOM1.57%$10M43.4K
20HUMHUMANA INChistory →COM1.56%$10M22.4K
21TXNTEXAS INSTRS INChistory →COM1.53%$10M58.9K
22KOCOCA COLA COhistory →COM1.51%$10M168.0K
23KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.50%$10M61.9K
24MAMASTERCARD INCORPORATEDhistory →CL A1.49%$10M22.9K
25MTDMETTLER TOLEDO INTERNATIONALhistory →COM1.48%$10M8.0K
26KRKROGER COhistory →COM1.48%$10M212.5K
27SCISERVICE CORP INTLhistory →COM1.45%$9M138.6K
28ZTSZOETIS INChistory →CL A1.41%$9M46.7K
29ORCLORACLE CORPhistory →COM1.41%$9M87.4K
30PCTYPAYLOCITY HLDG CORPhistory →COM1.40%$9M55.7K
31NKENIKE INChistory →CL B1.35%$9M81.3K
32TTCTORO COhistory →COM1.31%$9M89.6K
33POOLPOOL CORPhistory →COM1.31%$9M21.6K
34ADPAUTOMATIC DATA PROCESSING INhistory →COM1.30%$9M36.7K
35CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A1.30%$9M112.7K
36MSIMOTOROLA SOLUTIONS INChistory →COM NEW1.26%$8M26.4K
37BRBROADRIDGE FINL SOLUTIONS INhistory →COM1.25%$8M39.9K
38WMSADVANCED DRAIN SYS INC DELhistory →COM1.24%$8M57.9K
39HLIHOULIHAN LOKEY INChistory →CL A1.24%$8M67.7K
40TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.23%$8M15.2K
41AMZNAMAZON COM INChistory →COM1.22%$8M52.6K
42HDHOME DEPOT INChistory →COM1.21%$8M22.9K
43JKHYHENRY JACK & ASSOC INChistory →COM1.21%$8M48.6K
44SBUXSTARBUCKS CORPhistory →COM1.20%$8M81.9K
45ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.18%$8M28.4K
46LOWLOWES COS INChistory →COM1.16%$8M34.3K
47ANETEURARISTA NETWORKS INChistory →COM1.13%$7M31.5K
48MSCIMSCI INChistory →COM1.12%$7M13.0K
49MRSHMARSH & MCLENNAN COS INChistory →COM1.12%$7M38.7K
50MCDMCDONALDS CORPhistory →COM1.04%$7M22.9K

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 ↗.