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Asset Manager ← All Institutions

Bell Asset Management Ltd

LEVEL 30, 101 COLLINS STREET, MELBOURNE, C3 3000 • 61 3 8637 6000

Q1 2026 · Filed 2026-04-29
Market Value
$340M
-9.2%
Holdings
70
+1
New Purchases
11
Added To
21
Closed
9
Reduced
29
Top 10 Concentration
45.6%
Turnover
28.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDNS 1.28% 0.00% +1.28% $4M
ABT 1.25% 0.00% +1.25% $4M
TEL 1.21% 0.00% +1.21% $4M
NVDA 9.44% 8.27% +1.17% $32M
DKS 1.15% 0.00% +1.15% $4M
A 1.13% 0.00% +1.13% $4M
ABBV 1.10% 0.00% +1.10% $4M
NOW 1.07% 0.00% +1.07% $4M
ADSK 1.02% 0.00% +1.02% $3M
CDW 0.95% 0.00% +0.95% $3M
AAPL 5.88% 5.09% +0.79% $20M
MELI 0.68% 0.00% +0.68% $2M
AVGO 3.71% 3.07% +0.63% $13M
NFLX 1.41% 0.87% +0.54% $5M
AXP 0.45% 0.00% +0.45% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HD 0.00% 1.28% -1.28% $0
FBHS 0.00% 1.25% -1.25% $0
NKE 0.00% 1.23% -1.23% $0
SNPS 0.00% 1.17% -1.17% $0
META 1.36% 2.53% -1.17% $5M
ODFL 0.00% 1.16% -1.16% $0
CLH 0.00% 1.04% -1.04% $0
TER 0.00% 1.02% -1.02% $0
SFM 0.00% 0.94% -0.94% $0
TTC 0.00% 0.78% -0.78% $0
MSI 1.03% 1.65% -0.62% $4M
PG 1.00% 1.57% -0.57% $3M
ACN 1.24% 1.75% -0.51% $4M
PCTY 1.04% 1.51% -0.47% $4M
GOOGL 6.44% 6.82% -0.38% $22M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 42.3%
Financial Services 15.6%
Healthcare 12.5%
Consumer Cyclical 11.8%
Communication Services 9.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 22 $188M 55.4%
Large Cap 40 $134M 39.3%
Mid Cap 8 $18M 5.2%

Portfolio Analytics

Avg Market Cap
$499.7B
Median Market Cap
$73.9B
Avg P/E
31.2
Median P/E
25.8
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
70
# ETFs / Funds
0

Top Holdings (70 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.44% 184,231 $32M $174.06 $1M +19,712 +12.0%
2 MSFT 6.85% 62,705 $23M $371.18 -$2M +10,329 +19.7%
3 GOOGL 6.44% 76,217 $22M $286.91 -$4M -4,963 -6.1%
4 AAPL 5.88% 78,706 $20M $253.87 $924K +8,891 +12.7%
5 AMZN 4.83% 78,668 $16M $208.82 -$3M -4,423 -5.3%
6 AVGO 3.71% 40,708 $13M $309.42 $1M +7,656 +23.2%
7 JPM 2.56% 29,499 $9M $294.31 $259K +3,495 +13.4%
8 V 2.29% 25,792 $8M $302.14 -$910K +1,109 +4.5%
9 TMO 1.78% 12,271 $6M $492.71 $975K +3,562 +40.9%
10 MA 1.78% 12,077 $6M $500.28 -$459K +750 +6.6%
11 AON 1.69% 17,801 $6M $323.13 $85K +1,860 +11.7%
12 MMC 1.53% 29,885 $5M $173.83 -$843K -2,440 -7.5%
13 WM 1.47% 21,801 $5M $229.72 -$953K -5,171 -19.2%
14 SPGI 1.47% 11,756 $5M $423.72 -$571K +1,194 +11.3%
15 NFLX 1.41% 50,026 $5M $95.74 $2M +15,613 +45.4%
16 UBER 1.40% 66,010 $5M $71.82 -$215K +5,434 +9.0%
17 VEEV 1.39% 26,970 $5M $175.21 $570K +8,496 +46.0%
18 META 1.36% 8,100 $5M $570.78 -$5M -6,168 -43.2%
19 UNH 1.29% 16,193 $4M $270.34 -$1M -350 -2.1%
20 CDNS 1.28% 15,668 $4M $277.50 +15,668 NEW
21 ABT 1.25% 41,361 $4M $102.40 +41,361 NEW
22 ACN 1.24% 21,296 $4M $197.11 -$2M -2,991 -12.3%
23 TSCO 1.23% 92,688 $4M $45.20 $200K +13,095 +16.4%
24 SCI 1.23% 50,816 $4M $82.28 -$197K -5,116 -9.2%
25 LPLA 1.21% 13,654 $4M $302.23 $450K +3,371 +32.8%
26 TEL 1.21% 19,847 $4M $207.91 +19,847 NEW
27 ZTS 1.19% 34,404 $4M $117.92 -$388K -764 -2.2%
28 ORCL 1.18% 27,337 $4M $146.93 -$2M -2,462 -8.3%
29 MANH 1.15% 29,363 $4M $133.29 $51K +7,173 +32.3%
30 DKS 1.15% 19,792 $4M $196.86 +19,792 NEW
31 A 1.13% 33,711 $4M $114.10 +33,711 NEW
32 ABBV 1.10% 17,188 $4M $217.53 +17,188 NEW
33 CNM 1.08% 74,038 $4M $49.50 -$300K -1,650 -2.2%
34 HLI 1.07% 25,262 $4M $143.89 -$362K +2,371 +10.4%
35 NOW 1.07% 34,552 $4M $104.89 +34,552 NEW
36 BKNG 1.05% 852 $4M $4,201.56 -$468K +101 +13.4%
37 PCTY 1.04% 32,635 $4M $108.21 -$2M -4,129 -11.2%
38 MSI 1.03% 8,106 $4M $433.81 -$3M -8,005 -49.7%
39 TSM 1.02% 10,316 $3M $336.32 -$75K -1,283 -11.1%
40 ADSK 1.02% 14,505 $3M $239.08 +14,505 NEW
41 BOOT 1.00% 23,170 $3M $146.82 $232K +5,300 +29.7%
42 PG 1.00% 23,485 $3M $144.12 -$2M -17,308 -42.4%
43 BJ 0.99% 34,346 $3M $98.28 -$1M -17,110 -33.2%
44 BR 0.99% 20,753 $3M $162.48 -$620K +2,976 +16.7%
45 KEYS 0.99% 11,872 $3M $282.01 -$994K -9,359 -44.1%
46 GWW 0.98% 3,041 $3M $1,089.50 -$676K -889 -22.6%
47 ABC 0.97% 10,561 $3M $313.49 -$141K +394 +3.9%
48 POOL 0.97% 16,359 $3M $202.04 -$543K -360 -2.1%
49 CDW 0.95% 26,706 $3M $120.83 +26,706 NEW
50 DXCM 0.92% 49,633 $3M $63.33 -$1M -12,540 -20.2%
51 CPRT 0.86% 88,180 $3M $33.21 -$626K -1,886 -2.1%
52 CSCO 0.86% 37,801 $3M $77.15 -$424K -5,359 -12.4%
53 MSCI 0.85% 5,359 $3M $540.04 -$1M -2,223 -29.3%
54 MTD 0.74% 1,971 $3M $1,270.07 -$315K -41 -2.0%
55 LLY 0.74% 2,719 $3M $919.64 -$777K -315 -10.4%
56 MELI 0.68% 1,334 $2M $1,730.45 +1,334 NEW
57 MCO 0.68% 5,284 $2M $436.54 -$474K -119 -2.2%
58 MCD 0.65% 7,066 $2M $310.99 -$1M -3,545 -33.4%
59 COST 0.63% 2,156 $2M $988.85 $229K -46 -2.1%
60 WMS 0.61% 15,045 $2M $137.23 -$1M -8,250 -35.4%
61 AXP 0.45% 5,049 $2M $302.76 +5,049 NEW
62 CLH —% -$4M -16,511 -100.0% SOLD
63 SFM —% -$4M -43,598 -100.0% SOLD
64 NKE —% -$5M -72,250 -100.0% SOLD
65 TER —% -$4M -19,704 -100.0% SOLD
66 ODFL —% -$4M -27,308 -100.0% SOLD
67 SNPS —% -$4M -9,325 -100.0% SOLD
68 TTC —% -$3M -37,035 -100.0% SOLD
69 HD —% -$5M -13,782 -100.0% SOLD
70 FBHS —% -$5M -92,676 -100.0% SOLD

New Positions

SymbolValue% Port
CDNS $4M 1.28%
ABT $4M 1.25%
TEL $4M 1.21%
DKS $4M 1.15%
A $4M 1.13%
ABBV $4M 1.10%
NOW $4M 1.07%
ADSK $3M 1.02%
CDW $3M 0.95%
MELI $2M 0.68%
AXP $2M 0.45%

Sold Out Positions

SymbolValue% Port
HD —%
NKE —%
CLH —%
TTC —%
ODFL —%
SFM —%
SNPS —%
TER —%
FBHS —%
View SEC EDGAR Filings for Bell Asset Management Ltd →

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