SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Bell Asset Management Ltd

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

Reported Value
$544M
Q1 2025
Positions
66
Filings on Record
30
2019–present window
Filed
May 14, 2025
original filing

Summary

Bell Asset Management Ltd reported $544M in U.S.-listed holdings across 66 positions for Q1 2025.

Its largest position, MSFT, represents 7.0% of the portfolio.

Compared with Q4 2024, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+13.0%
vs prior filed quarter
Top-10 Concentration
+37.9%
share of reported value
Largest Position
+7.0%
Microsoft
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: 94.8%Other: 3.8%ADR: 1.4%
  • Common Stock · 94.8% · $515M
  • Other · 3.8% · $21M
  • ADR · 1.4% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+19.6K19.6K+$11M$11M
UBERUBER TECHNOLOGIES INCNEW+108.7K108.7K+$8M$8M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+44.3K44.3K+$7M$7M
MANHMANHATTAN ASSOCIATES INCNEW+30.9K30.9K+$5M$5M
CATCATERPILLAR INCNEW+15.0K15.0K+$5M$5M
FBINFORTUNE BRAND INNOVATIONS ISOLD OUT−94.3K0−$6M$0
CTSHCOGNIZANT TECHNOLOGY SOLUTIOSOLD OUT−71.6K0−$6M$0
NKENIKE INCSOLD OUT−37.9K0−$3M$0

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

Holdings — Q1 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.96%$38M100.7K
2NVDANVIDIA CORPORATIONhistory →COM6.09%$33M305.5K
3GOOGLALPHABET INChistory →CAP STK CL A6.06%$33M213.2K
4AMZNAMAZON COM INChistory →COM4.79%$26M137.0K
5AAPLAPPLE INChistory →COM3.24%$18M79.4K
6UNHUNITEDHEALTH GROUP INChistory →COM2.50%$14M26.0K
7PEPPEPSICO INChistory →COM2.31%$13M83.8K
8METAMETA PLATFORMS INChistory →CL A2.08%$11M19.6K
9FISVFISERV INChistory →COM2.01%$11M49.5K
10MAMASTERCARD INCORPORATEDhistory →CL A1.87%$10M18.6K
11VVISA INChistory →COM CL A1.85%$10M28.7K
12ACCENTURE PLC IRELANDSHS CLASS A1.83%$10M31.8K
13ADBEADOBE INChistory →COM1.77%$10M25.1K
14QCOMQUALCOMM INChistory →COM1.68%$9M59.5K
15AVGOBROADCOM INChistory →COM1.66%$9M53.9K
16ORCLORACLE CORPhistory →COM1.65%$9M64.1K
17LLYELI LILLY & COhistory →COM1.59%$9M10.5K
18BKNGBOOKING HOLDINGS INChistory →COM1.59%$9M1.9K
19UBERUBER TECHNOLOGIES INChistory →COM1.46%$8M108.7K
20CLHCLEAN HARBORS INChistory →COM1.38%$8M38.1K
21TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.35%$7M44.3K
22HLIHOULIHAN LOKEY INChistory →CL A1.30%$7M43.8K
23WMSADVANCED DRAIN SYS INC DELhistory →COM1.27%$7M63.4K
24TSCOTRACTOR SUPPLY COhistory →COM1.22%$7M120.3K
25HCAHCA HEALTHCARE INChistory →COM1.22%$7M19.2K
26MRSHMARSH & MCLENNAN COS INChistory →COM1.21%$7M26.9K
27ZTSZOETIS INChistory →CL A1.21%$7M39.9K
28ANETARISTA NETWORKS INChistory →COM SHS1.21%$7M84.8K
29SCISERVICE CORP INTLhistory →COM1.20%$7M81.2K
30TTCTORO COhistory →COM1.17%$6M87.4K
31PPGPPG INDS INChistory →COM1.15%$6M57.2K
32VRRMVERRA MOBILITY CORPhistory →CL A COM STK1.14%$6M276.4K
33IDXXIDEXX LABS INChistory →COM1.14%$6M14.7K
34CNMCORE & MAIN INChistory →CL A1.13%$6M127.4K
35AON PLCSHS CL A1.11%$6M15.1K
36ADPAUTOMATIC DATA PROCESSING INhistory →COM1.09%$6M19.5K
37CSCOCISCO SYS INChistory →COM1.09%$6M96.3K
38JNJJOHNSON & JOHNSONhistory →COM1.09%$6M35.8K
39ABGCENCORA INChistory →COM1.07%$6M21.0K
40SPGIS&P GLOBAL INChistory →COM1.07%$6M11.4K
41MSCIMSCI INChistory →COM1.04%$6M10.0K
42HDHOME DEPOT INChistory →COM1.03%$6M15.3K
43NFLXNETFLIX INChistory →COM1.01%$5M5.9K
44ROKROCKWELL AUTOMATION INCCOM1.00%$5M21.0K
45AXPAMERICAN EXPRESS COCOM0.99%$5M20.0K
46MANHMANHATTAN ASSOCIATES INCCOM0.99%$5M30.9K
47ZBRAZEBRA TECHNOLOGIES CORPORATICL A0.98%$5M18.9K
48BRBROADRIDGE FINL SOLUTIONS INCOM0.98%$5M22.0K
49SNPSSYNOPSYS INCCOM0.96%$5M12.2K
50YETIYETI HLDGS INCCOM0.94%$5M155.0K

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 ↗.