SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Bell Asset Management Ltd

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

Reported Value
$366M
Q3 2025
Positions
63
Filings on Record
30
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Bell Asset Management Ltd reported $366M in U.S.-listed holdings across 63 positions for Q3 2025.

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

Compared with Q2 2025, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+10.1%
vs prior filed quarter
Top-10 Concentration
+43.2%
share of reported value
Largest Position
+7.7%
Nvidia Corporation
New / Exited
8 / 7
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: 95.4%Other: 3.5%ADR: 1.1%
  • Common Stock · 95.4% · $349M
  • Other · 3.5% · $13M
  • ADR · 1.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NFLXNETFLIX INCNEW+4.6K4.6K+$6M$6M
TERTERADYNE INCNEW+37.9K37.9K+$5M$5M
PGPROCTER AND GAMBLE CONEW+32.9K32.9K+$5M$5M
WMWASTE MGMT INC DELNEW+22.4K22.4K+$5M$5M
CPRTCOPART INCNEW+88.6K88.6K+$4M$4M
FBINFORTUNE BRANDS INNOVATIONS INEW+64.5K64.5K+$3M$3M
BOOTBOOT BARN HLDGS INCNEW+16.5K16.5K+$3M$3M
DC4DEXCOM INCNEW+31.4K31.4K+$2M$2M

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

Holdings — Q3 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM7.73%$28M151.5K
2MSFTMICROSOFT CORPhistory →COM6.96%$25M49.1K
3AAPLAPPLE INChistory →COM6.81%$25M97.8K
4GOOGLALPHABET INChistory →CAP STK CL A6.19%$23M93.1K
5AMZNAMAZON COM INChistory →COM4.91%$18M81.9K
6METAMETA PLATFORMS INChistory →CL A2.82%$10M14.1K
7VVISA INChistory →COM CL A2.05%$7M21.9K
8MRSHMARSH & MCLENNAN COS INChistory →COM2.01%$7M36.6K
9AVGOBROADCOM INChistory →COM1.90%$7M21.1K
10AON PLCSHS CL A1.86%$7M19.1K
11UNHUNITEDHEALTH GROUP INChistory →COM1.80%$7M19.0K
12ACCENTURE PLC IRELANDSHS CLASS A1.64%$6M24.4K
13UBERUBER TECHNOLOGIES INChistory →COM1.60%$6M59.6K
14FISVFISERV INChistory →COM1.60%$6M45.3K
15NFLXNETFLIX INChistory →COM1.52%$6M4.6K
16MAMASTERCARD INCORPORATEDhistory →CL A1.51%$6M9.7K
17LLYELI LILLY & COhistory →COM1.48%$5M7.1K
18PEPPEPSICO INChistory →COM1.44%$5M37.6K
19TERTERADYNE INChistory →COM1.43%$5M37.9K
20PGPROCTER AND GAMBLE COhistory →COM1.38%$5M32.9K
21WMWASTE MGMT INC DELhistory →COM1.35%$5M22.4K
22MSCIMSCI INChistory →COM1.28%$5M8.3K
23ABGCENCORA INChistory →COM1.28%$5M15.0K
24CLHCLEAN HARBORS INChistory →COM1.26%$5M19.9K
25SCISERVICE CORP INTLhistory →COM1.25%$5M55.0K
26PCTYPAYLOCITY HLDG CORPhistory →COM1.25%$5M28.7K
27ZTSZOETIS INChistory →CL A1.17%$4M29.3K
28SNPSSYNOPSYS INChistory →COM1.16%$4M8.6K
29MSIMOTOROLA SOLUTIONS INChistory →COM NEW1.15%$4M9.2K
30SPGIS&P GLOBAL INChistory →COM1.14%$4M8.6K
31KEYSKEYSIGHT TECHNOLOGIES INChistory →COM1.14%$4M23.9K
32BJBJS WHSL CLUB HLDGS INChistory →COM1.14%$4M44.8K
33TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.13%$4M14.8K
34VEEVVEEVA SYS INChistory →CL A COM1.13%$4M13.9K
35BKNGBOOKING HOLDINGS INChistory →COM1.11%$4M749
36CNMCORE & MAIN INChistory →CL A1.09%$4M74.4K
37CPRTCOPART INChistory →COM1.09%$4M88.6K
38HLIHOULIHAN LOKEY INChistory →CL A1.08%$4M19.2K
39TMOTHERMO FISHER SCIENTIFIC INCCOM0.99%$4M7.5K
40WMSADVANCED DRAIN SYS INC DELCOM0.98%$4M25.9K
41VRRMVERRA MOBILITY CORPCL A COM STK0.98%$4M145.5K
42HCAHCA HEALTHCARE INCCOM0.96%$4M8.3K
43POOLPOOL CORPCOM0.95%$3M11.2K
44FBINFORTUNE BRANDS INNOVATIONS ICOM0.94%$3M64.5K
45JKHYHENRY JACK & ASSOC INCCOM0.88%$3M21.6K
46ORCLORACLE CORPCOM0.87%$3M11.3K
47ODFLOLD DOMINION FREIGHT LINE INCOM0.84%$3M21.7K
48AXPAMERICAN EXPRESS COCOM0.82%$3M9.1K
49MANHMANHATTAN ASSOCIATES INCCOM0.82%$3M14.6K
50ITGARTNER INCCOM0.80%$3M11.1K

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 ↗.