SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Bell Asset Management Ltd

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

Reported Value
$454M
Q2 2025
Positions
62
Filings on Record
30
2019–present window
Filed
Aug 13, 2025
original filing

Summary

Bell Asset Management Ltd reported $454M in U.S.-listed holdings across 62 positions for Q2 2025.

Its largest position, NVDA, represents 7.7% of the portfolio.

Compared with Q1 2025, the fund opened 5 new positions and exited 9.

Portfolio Metrics

Turnover
+7.3%
vs prior filed quarter
Top-10 Concentration
+41.3%
share of reported value
Largest Position
+7.7%
Nvidia Corporation
New / Exited
5 / 9
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: 93.9%Other: 4.6%ADR: 1.5%
  • Common Stock · 93.9% · $426M
  • Other · 4.6% · $21M
  • ADR · 1.5% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSIMOTOROLA SOLUTIONS INCNEW+15.0K15.0K+$6M$6M
ITGARTNER INCNEW+11.8K11.8K+$5M$5M
ODFLOLD DOMINION FREIGHT LINE INNEW+28.5K28.5K+$5M$5M
DECKDECKERS OUTDOOR CORPNEW+41.8K41.8K+$4M$4M
BF/BBROWN FORMAN CORPNEW+145.6K145.6K+$4M$4M
ADBEADOBE INCSOLD OUT−25.1K0−$10M$0
PPGPPG INDS INCSOLD OUT−57.2K0−$6M$0
ADPAUTOMATIC DATA PROCESSING INSOLD OUT−19.5K0−$6M$0

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

Holdings — Q2 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM7.70%$35M221.0K
2MSFTMICROSOFT CORPhistory →COM6.87%$31M62.7K
3GOOGLALPHABET INChistory →CAP STK CL A6.49%$29M167.0K
4AMZNAMAZON COM INChistory →COM5.20%$24M107.5K
5AAPLAPPLE INChistory →COM4.25%$19M93.9K
6METAMETA PLATFORMS INChistory →CL A3.00%$14M18.4K
7AON PLCSHS CL A1.97%$9M25.0K
8AVGOBROADCOM INChistory →COM1.95%$9M32.2K
9LLYELI LILLY & COhistory →COM1.95%$9M11.4K
10FISVFISERV INChistory →COM1.94%$9M51.0K
11UNHUNITEDHEALTH GROUP INChistory →COM1.92%$9M28.0K
12PEPPEPSICO INChistory →COM1.91%$9M65.6K
13ORCLORACLE CORPhistory →COM1.86%$8M38.6K
14MRSHMARSH & MCLENNAN COS INChistory →COM1.82%$8M37.8K
15ACCENTURE PLC IRELANDSHS CLASS A1.64%$7M24.9K
16UBERUBER TECHNOLOGIES INChistory →COM1.61%$7M78.2K
17MAMASTERCARD INCORPORATEDhistory →CL A1.58%$7M12.7K
18VVISA INChistory →COM CL A1.56%$7M20.0K
19TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.46%$7M29.3K
20MSIMOTOROLA SOLUTIONS INChistory →COM NEW1.39%$6M15.0K
21MSCIMSCI INChistory →COM1.39%$6M10.9K
22CLHCLEAN HARBORS INChistory →COM1.33%$6M26.1K
23SCISERVICE CORP INTLhistory →COM1.30%$6M72.3K
24ABGCENCORA INChistory →COM1.30%$6M19.6K
25ANETARISTA NETWORKS INChistory →COM SHS1.28%$6M56.6K
26WMSADVANCED DRAIN SYS INC DELhistory →COM1.26%$6M49.7K
27VRRMVERRA MOBILITY CORPhistory →CL A COM STK1.22%$6M217.7K
28HLIHOULIHAN LOKEY INChistory →CL A1.22%$6M30.7K
29CNMCORE & MAIN INChistory →CL A1.14%$5M85.9K
30KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.13%$5M31.3K
31PCTYPAYLOCITY HLDG CORPhistory →COM1.13%$5M28.2K
32HCAHCA HEALTHCARE INChistory →COM1.12%$5M13.3K
33QCOMQUALCOMM INChistory →COM1.12%$5M31.8K
34TTCTORO COhistory →COM1.11%$5M71.2K
35SNPSSYNOPSYS INChistory →COM1.09%$5M9.6K
36ZTSZOETIS INChistory →CL A1.08%$5M31.3K
37MANHMANHATTAN ASSOCIATES INChistory →COM1.06%$5M24.4K
38ITGARTNER INChistory →COM1.05%$5M11.8K
39TSCOTRACTOR SUPPLY COhistory →COM1.05%$5M90.0K
40SPGIS&P GLOBAL INChistory →COM1.04%$5M9.0K
41ODFLOLD DOMINION FREIGHT LINE INhistory →COM1.02%$5M28.5K
42GENPACT LIMITEDSHS1.01%$5M104.4K
43CATCATERPILLAR INChistory →COM1.01%$5M11.8K
44BRBROADRIDGE FINL SOLUTIONS INCOM0.98%$4M18.4K
45HDHOME DEPOT INCCOM0.97%$4M12.0K
46BJBJS WHSL CLUB HLDGS INCCOM0.95%$4M40.1K
47DECKDECKERS OUTDOOR CORPCOM0.95%$4M41.8K
48POOLPOOL CORPCOM0.94%$4M14.6K
49IDXXIDEXX LABS INCCOM0.89%$4M7.5K
50JKHYHENRY JACK & ASSOC INCCOM0.87%$4M22.0K

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 ↗.