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Asset Manager ← All Institutions

Bell Asset Management Ltd

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

Q3 2025 · Filed 2025-11-13
Market Value
$366M
-19.3%
Holdings
70
-1
New Purchases
8
Added To
7
Closed
7
Reduced
48
Top 10 Concentration
43.2%
Turnover
21.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 6.81% 4.25% +2.56% $25M
NFLX 1.52% 0.00% +1.52% $6M
TER 1.43% 0.00% +1.43% $5M
PG 1.38% 0.00% +1.38% $5M
WM 1.35% 0.00% +1.35% $5M
CPRT 1.09% 0.00% +1.09% $4M
FBHS 0.94% 0.00% +0.94% $3M
BOOT 0.75% 0.00% +0.75% $3M
BKNG 1.11% 0.46% +0.64% $4M
DXCM 0.58% 0.00% +0.58% $2M
V 2.05% 1.56% +0.49% $7M
VEEV 1.13% 0.81% +0.32% $4M
MMC 2.01% 1.82% +0.19% $7M
BJ 1.14% 0.95% +0.19% $4M
PCTY 1.25% 1.13% +0.12% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANET 0.00% 1.28% -1.28% $0
QCOM 0.00% 1.12% -1.12% $0
G 0.00% 1.01% -1.01% $0
ORCL 0.87% 1.86% -0.99% $3M
DECK 0.00% 0.95% -0.95% $0
IDXX 0.00% 0.89% -0.89% $0
BF-B 0.00% 0.86% -0.86% $0
AMGN 0.00% 0.55% -0.55% $0
LLY 1.48% 1.95% -0.47% $5M
PEP 1.44% 1.91% -0.47% $5M
TTC 0.76% 1.11% -0.35% $3M
CAT 0.67% 1.01% -0.35% $2M
FI 1.60% 1.94% -0.34% $6M
TSM 1.13% 1.46% -0.33% $4M
GOOGL 6.19% 6.49% -0.30% $23M

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 23 $201M 54.9%
Large Cap 37 $134M 36.7%
Mid Cap 10 $31M 8.4%

Portfolio Analytics

Avg Market Cap
$497.7B
Median Market Cap
$73.9B
Avg P/E
27.9
Median P/E
24.6
Avg Dividend Yield
0.01%
Avg Beta
1.02
# 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 7.73% 151,485 $28M $186.58 -$7M -69,482 -31.4%
2 MSFT 6.96% 49,150 $25M $517.95 -$6M -13,524 -21.6%
3 AAPL 6.81% 97,816 $25M $254.63 $6M +3,957 +4.2%
4 GOOGL 6.19% 93,139 $23M $243.10 -$7M -73,891 -44.2%
5 AMZN 4.91% 81,866 $18M $219.57 -$6M -25,673 -23.9%
6 META 2.82% 14,055 $10M $734.38 -$3M -4,385 -23.8%
7 V 2.05% 21,949 $7M $341.38 $409K +1,998 +10.0%
8 MMC 2.01% 36,561 $7M $201.53 -$895K -1,234 -3.3%
9 AVGO 1.90% 21,121 $7M $329.91 -$2M -11,033 -34.3%
10 AON 1.86% 19,075 $7M $356.58 -$2M -5,954 -23.8%
11 UNH 1.80% 19,029 $7M $345.30 -$2M -8,953 -32.0%
12 ACN 1.64% 24,374 $6M $246.60 -$1M -537 -2.2%
13 UBER 1.60% 59,590 $6M $97.97 -$1M -18,637 -23.8%
14 FI 1.60% 45,267 $6M $128.93 -$3M -5,761 -11.3%
15 NFLX 1.52% 4,631 $6M $1,198.92 +4,631 NEW
16 MA 1.51% 9,690 $6M $568.81 -$2M -3,033 -23.8%
17 LLY 1.48% 7,106 $5M $763.00 -$3M -4,248 -37.4%
18 PEP 1.44% 37,588 $5M $140.44 -$3M -27,999 -42.7%
19 TER 1.43% 37,907 $5M $137.64 +37,907 NEW
20 PG 1.38% 32,893 $5M $153.65 +32,893 NEW
21 WM 1.35% 22,411 $5M $220.83 +22,411 NEW
22 MSCI 1.28% 8,253 $5M $567.41 -$2M -2,658 -24.4%
23 ABC 1.28% 14,966 $5M $312.53 -$1M -4,625 -23.6%
24 CLH 1.26% 19,885 $5M $232.22 -$1M -6,174 -23.7%
25 SCI 1.25% 54,994 $5M $83.22 -$1M -17,324 -24.0%
26 PCTY 1.25% 28,705 $5M $159.27 -$533K +533 +1.9%
27 ZTS 1.17% 29,281 $4M $146.32 -$592K -1,990 -6.4%
28 SNPS 1.16% 8,566 $4M $493.39 -$699K -1,042 -10.8%
29 MSI 1.15% 9,216 $4M $457.29 -$2M -5,785 -38.6%
30 SPGI 1.14% 8,601 $4M $486.71 -$545K -372 -4.2%
31 KEYS 1.14% 23,903 $4M $174.92 -$946K -7,386 -23.6%
32 BJ 1.14% 44,819 $4M $93.25 -$143K +4,730 +11.8%
33 TSM 1.13% 14,842 $4M $279.29 -$2M -14,455 -49.3%
34 VEEV 1.13% 13,880 $4M $297.91 $447K +1,074 +8.4%
35 BKNG 1.11% 749 $4M $5,399.27 $2M +387 +106.9%
36 CNM 1.09% 74,408 $4M $53.83 -$1M -11,510 -13.4%
37 CPRT 1.09% 88,622 $4M $44.97 +88,622 NEW
38 HLI 1.08% 19,185 $4M $205.32 -$2M -11,483 -37.4%
39 TMO 0.99% 7,466 $4M $485.02 -$328K -2,274 -23.4%
40 WMS 0.98% 25,911 $4M $138.70 -$2M -23,777 -47.9%
41 VRRM 0.98% 145,454 $4M $24.70 -$2M -72,221 -33.2%
42 HCA 0.96% 8,274 $4M $426.20 -$2M -5,042 -37.9%
43 POOL 0.95% 11,164 $3M $310.07 -$791K -3,427 -23.5%
44 FBHS 0.94% 64,473 $3M $53.39 +64,473 NEW
45 JKHY 0.88% 21,637 $3M $148.93 -$741K -360 -1.6%
46 ORCL 0.87% 11,271 $3M $281.24 -$5M -27,321 -70.8%
47 ODFL 0.84% 21,732 $3M $140.78 -$2M -6,755 -23.7%
48 AXP 0.82% 9,050 $3M $332.16 -$772K -2,793 -23.6%
49 MANH 0.82% 14,579 $3M $204.98 -$2M -9,841 -40.3%
50 IT 0.80% 11,115 $3M $262.87 -$2M -667 -5.7%
51 CSCO 0.80% 42,665 $3M $68.42 -$984K -13,593 -24.2%
52 HD 0.80% 7,202 $3M $405.19 -$1M -4,754 -39.8%
53 TSCO 0.79% 51,039 $3M $56.87 -$2M -38,945 -43.3%
54 BR 0.78% 12,030 $3M $238.17 -$2M -6,348 -34.5%
55 JNJ 0.76% 15,001 $3M $185.42 -$865K -8,870 -37.2%
56 TTC 0.76% 36,399 $3M $76.20 -$2M -34,755 -48.8%
57 BOOT 0.75% 16,496 $3M $165.72 +16,496 NEW
58 MTD 0.74% 2,206 $3M $1,227.61 -$995K -946 -30.0%
59 MCO 0.70% 5,368 $3M $476.48 -$971K -1,667 -23.7%
60 LULU 0.67% 13,760 $2M $177.93 -$498K +1,357 +10.9%
61 CAT 0.67% 5,115 $2M $477.15 -$2M -6,716 -56.8%
62 DXCM 0.58% 31,448 $2M $67.29 +31,448 NEW
63 COST 0.55% 2,175 $2M $925.63 -$807K -674 -23.7%
64 QCOM —% -$5M -31,772 -100.0% SOLD
65 DECK —% -$4M -41,766 -100.0% SOLD
66 ANET —% -$6M -56,598 -100.0% SOLD
67 G —% -$5M -104,377 -100.0% SOLD
68 IDXX —% -$4M -7,515 -100.0% SOLD
69 AMGN —% -$3M -8,964 -100.0% SOLD
70 BF-B —% -$4M -145,583 -100.0% SOLD

New Positions

SymbolValue% Port
NFLX $6M 1.52%
TER $5M 1.43%
PG $5M 1.38%
WM $5M 1.35%
CPRT $4M 1.09%
FBHS $3M 0.94%
BOOT $3M 0.75%
DXCM $2M 0.58%

Sold Out Positions

SymbolValue% Port
DECK —%
ANET —%
G —%
BF-B —%
AMGN —%
QCOM —%
IDXX —%
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