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Bellecapital International Ltd.

LIMMATQUAI 1, ZURICH, V8 8001 • 0041442681170

Q3 2025 · Filed 2025-10-17
Market Value
$614M
+10.3%
Holdings
139
New Purchases
11
Added To
30
Closed
12
Reduced
45
Top 10 Concentration
47.0%
Turnover
16.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-A 2.21% 0.26% +1.95% $14M
XMTR 4.56% 3.14% +1.42% $28M
ANET 5.39% 4.15% +1.24% $33M
GOOGL 5.17% 4.16% +1.01% $32M
IAU 0.57% 0.00% +0.57% $4M
AAPL 4.92% 4.35% +0.57% $30M
TSM 5.09% 4.56% +0.54% $31M
ABBV 2.48% 2.08% +0.41% $15M
GOOG 1.64% 1.34% +0.30% $10M
SHOP 1.95% 1.69% +0.26% $12M
KO 0.38% 0.14% +0.24% $2M
MCD 0.23% 0.00% +0.23% $1M
JNJ 0.43% 0.20% +0.22% $3M
AMD 4.47% 4.29% +0.18% $27M
IBIT 0.80% 0.61% +0.18% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRS 4.31% 6.09% -1.78% $27M
MELI 3.98% 4.87% -0.89% $24M
FI 1.41% 2.26% -0.86% $9M
BKNG 2.88% 3.56% -0.68% $18M
CVX 0.05% 0.61% -0.56% $314K
COST 3.57% 4.11% -0.53% $22M
ADBE 3.03% 3.49% -0.46% $19M
SPGI 2.58% 2.97% -0.39% $16M
VZ 0.10% 0.39% -0.28% $628K
ADP 1.23% 1.50% -0.27% $8M
NFLX 1.10% 1.36% -0.26% $7M
MSFT 5.56% 5.82% -0.26% $34M
AMZN 2.21% 2.47% -0.26% $14M
TROW 0.05% 0.30% -0.25% $326K
GLD 1.08% 1.32% -0.24% $7M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 34.3%
Financial Services 14.3%
Consumer Cyclical 12.8%
Communication Services 11.0%
Healthcare 10.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 43 $303M 49.3%
Large Cap 77 $249M 40.6%
Mid Cap 12 $32M 5.2%
Small Cap 5 $30M 4.8%
Micro Cap 2 $470K 0.1%

Portfolio Analytics

Avg Market Cap
$394.4B
Median Market Cap
$98.9B
Avg P/E
36.7
Median P/E
26.7
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
115
# ETFs / Funds
24

Top Holdings (139 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.56% 65,894 $34M $517.95 $2M +743 +1.1%
2 ANET 5.39% 227,125 $33M $145.71 $10M +1,414 +0.6%
3 GOOGL 5.17% 130,561 $32M $243.10 $9M -790 -0.6%
4 TSM 5.09% 112,055 $31M $279.29 $6M -26 -0.0%
5 AAPL 4.92% 118,714 $30M $254.63 $6M +588 +0.5%
6 XMTR 4.56% 514,350 $28M $54.47 $11M -3,314 -0.6%
7 AMD 4.47% 169,810 $27M $161.79 $4M +1,455 +0.9%
8 TRS 4.31% 685,855 $27M $38.64 -$7M -500,000 -42.2%
9 MELI 3.98% 10,452 $24M $2,336.94 -$3M +71 +0.7%
10 COST 3.57% 23,715 $22M $925.63 -$931K +600 +2.6%
11 WMT 3.42% 203,758 $21M $103.06 $1M +3,913 +2.0%
12 ADBE 3.03% 52,715 $19M $352.75 -$819K +2,533 +5.0%
13 BKNG 2.88% 3,278 $18M $5,399.27 -$2M -152 -4.4%
14 SPGI 2.58% 32,518 $16M $486.71 -$713K +1,151 +3.7%
15 REGN 2.54% 27,779 $16M $562.27 $2M +2,276 +8.9%
16 ABBV 2.48% 65,843 $15M $231.54 $4M +3,563 +5.7%
17 FAST 2.24% 280,622 $14M $49.04 $2M +1,420 +0.5%
18 AMZN 2.21% 61,910 $14M $219.57 -$183K -887 -1.4%
19 BRK-A 2.21% 18 $14M $754,200.00 $12M +16 +800.0%
20 SHOP 1.95% 80,794 $12M $148.61 $3M -893 -1.1%
21 GOOG 1.64% 41,331 $10M $243.55 $3M -608 -1.4%
22 TSCO 1.52% 164,528 $9M $56.87 $76K -11,343 -6.5%
23 CPRT 1.42% 194,046 $9M $44.97 $350K +23,350 +13.7%
24 FI 1.41% 67,038 $9M $128.93 -$4M -6,106 -8.3%
25 ADP 1.23% 25,690 $8M $293.50 -$800K -1,354 -5.0%
26 TMO 1.21% 15,373 $7M $485.02 $2M +877 +6.0%
27 NVDA 1.14% 37,455 $7M $186.58 $357K -4,517 -10.8%
28 NFLX 1.10% 5,618 $7M $1,198.92 -$843K -41 -0.7%
29 GLD 1.08% 18,636 $7M $355.47 -$721K -5,462 -22.7%
30 BRK-B 0.96% 11,697 $6M $502.74 $246K +98 +0.8%
31 META 0.94% 7,897 $6M $734.38 $45K +100 +1.3%
32 UNH 0.92% 16,448 $6M $345.30 $560K +37 +0.2%
33 PFE 0.88% 211,251 $5M $25.48 $390K +5,279 +2.6%
34 IBIT 0.80% 75,229 $5M $65.00 $1M +19,335 +34.6%
35 MO 0.75% 69,692 $5M $66.06 $490K -469 -0.7%
36 IAU 0.57% 48,430 $4M $72.77 +48,430 NEW
37 JNJ 0.43% 14,098 $3M $185.42 $1M +6,747 +91.8%
38 GRMN 0.40% 9,903 $2M $246.22 $330K -197 -1.9%
39 ISRG 0.39% 5,410 $2M $447.23 $1M +2,874 +113.3%
40 KO 0.38% 35,271 $2M $66.32 $2M +24,150 +217.2%
41 ZM 0.31% 22,945 $2M $82.50 -$187K -3,728 -14.0%
42 TSLA 0.30% 4,145 $2M $444.72 $483K -139 -3.2%
43 PAGS 0.29% 180,312 $2M $10.00 -$770K -86,602 -32.5%
44 HYG 0.28% 21,287 $2M $81.19 -$271K -3,501 -14.1%
45 CSCO 0.27% 24,343 $2M $68.42 -$912K -12,803 -34.5%
46 VCIT 0.26% 18,792 $2M $84.11 $22K
47 HYS 0.25% 15,995 $2M $95.68 -$111K -1,281 -7.4%
48 PM 0.24% 9,084 $1M $162.20 $970K +6,319 +228.5%
49 DUK 0.24% 11,880 $1M $123.75 -$129K -1,676 -12.4%
50 MCD 0.23% 4,550 $1M $303.89 +4,550 NEW
51 LLY 0.22% 1,735 $1M $763.00 -$158K -166 -8.7%
52 PYPL 0.20% 17,897 $1M $67.06 -$778K -8,721 -32.8%
53 AVGO 0.19% 3,515 $1M $329.91 $191K
54 SBUX 0.19% 13,521 $1M $84.60 -$719K -6,806 -33.5%
55 RBLX 0.18% 8,130 $1M $138.52 $271K
56 SNPS 0.18% 2,254 $1M $493.39 +2,254 NEW
57 MSTR 0.17% 3,240 $1M $322.21 -$132K +332 +11.4%
58 LQD 0.17% 9,173 $1M $111.47 $17K
59 MEAR 0.16% 19,908 $1M $50.51 +19,908 NEW
60 LULU 0.16% 5,525 $983K $177.93 -$330K
61 PFF 0.14% 27,000 $854K $31.62 $25K
62 ASML 0.13% 841 $814K $968.09 $140K
63 FICO 0.11% 446 $667K $1,496.53 $463K +334 +298.2%
64 PG 0.11% 4,228 $650K $153.65 -$89K -408 -8.8%
65 XLK 0.10% 2,230 $629K $281.86 $3K -242 -9.8%
66 VZ 0.10% 14,291 $628K $43.95 -$2M -35,446 -71.3%
67 IBM 0.10% 2,123 $599K $282.16 -$56K -100 -4.5%
68 ORCL 0.09% 2,058 $579K $281.24 $129K
69 AMAT 0.09% 2,766 $566K $204.74 $60K
70 UBER 0.09% 5,767 $565K $97.97 $51K +262 +4.8%
71 XOM 0.08% 4,499 $507K $112.75 $22K
72 IGIB 0.08% 9,336 $505K $54.09 $7K
73 HD 0.08% 1,174 $476K $405.19 $267K +605 +106.3%
74 VRT 0.08% 3,056 $461K $150.86 $69K
75 ARKG 0.07% 16,065 $446K $27.77 -$278K -13,659 -46.0%
76 CRM 0.07% 1,837 $435K $237.00 -$217K -554 -23.2%
77 IUSV 0.07% 4,291 $429K $99.95 $23K
78 PSX 0.07% 3,083 $419K $136.02 +3,083 NEW
79 SLV 0.07% 9,741 $413K $42.37 $93K
80 BABA 0.07% 2,285 $408K $178.73 $149K
81 JPM 0.06% 1,250 $394K $315.43 $28K -13 -1.0%
82 PANW 0.06% 1,915 $390K $203.62 -$2K
83 RSG 0.06% 1,667 $383K $229.48 -$79K -205 -10.9%
84 TFPN 0.06% 14,777 $367K $24.82 $61K +1,438 +10.8%
85 V 0.06% 1,059 $362K $341.38 -$41K -75 -6.6%
86 BX 0.05% 1,951 $333K $170.85 $41K
87 TROW 0.05% 3,177 $326K $102.64 -$1M -14,035 -81.5%
88 QCOM 0.05% 1,935 $322K $166.36 -$25K -245 -11.2%
89 FIX 0.05% 387 $319K $825.18 $112K
90 FCX 0.05% 8,107 $318K $39.22 -$33K
91 CVX 0.05% 2,021 $314K $155.29 -$3M -21,887 -91.5%
92 NOW 0.05% 329 $303K $920.28 -$35K
93 ECL 0.05% 1,100 $301K $273.86 $5K
94 MMYT 0.05% 3,037 $284K $93.60 -$13K
95 IVV 0.05% 421 $282K $669.30 $20K
96 VCSH 0.04% 3,371 $269K $79.93 $1K
97 ABT 0.04% 2,000 $268K $133.94 -$4K
98 ABC 0.04% 856 $268K $312.53 -$116K -422 -33.0%
99 SPY 0.04% 396 $264K $666.18 $19K
100 AJG 0.04% 848 $263K $309.74 -$9K

New Positions

SymbolValue% Port
IAU $4M 0.57%
MCD $1M 0.23%
SNPS $1M 0.18%
MEAR $1M 0.16%
PSX $419K 0.07%
CDNS $224K 0.04%
DDOG $220K 0.04%
OHI $220K 0.04%
INTU $212K 0.03%
IEFA $204K 0.03%
CEG $201K 0.03%

Sold Out Positions

SymbolValue% Port
CARR —%
CNM —%
CRBG —%
VLO —%
TT —%
ULS —%
CLSK —%
PGR —%
USIG —%
TMUS —%
WDAY —%
TW —%
View SEC EDGAR Filings for Bellecapital International Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms