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Asset Manager ← All Institutions

Bell Asset Management Ltd

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

Q4 2025 · Filed 2026-02-17
Market Value
$374M
+2.3%
Holdings
69
-1
New Purchases
6
Added To
38
Closed
10
Reduced
15
Top 10 Concentration
44.1%
Turnover
23.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JPM 2.25% 0.00% +2.25% $8M
NKE 1.23% 0.00% +1.23% $5M
AVGO 3.07% 1.90% +1.17% $12M
GWW 1.07% 0.00% +1.07% $4M
LPLA 0.98% 0.00% +0.98% $4M
SFM 0.94% 0.00% +0.94% $4M
MCD 0.87% 0.00% +0.87% $3M
ORCL 1.56% 0.87% +0.70% $6M
GOOGL 6.82% 6.19% +0.63% $26M
NVDA 8.27% 7.73% +0.54% $31M
DXCM 1.11% 0.58% +0.53% $4M
MSI 1.65% 1.15% +0.50% $6M
HD 1.28% 0.80% +0.48% $5M
TMO 1.36% 0.99% +0.37% $5M
SPGI 1.48% 1.14% +0.34% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.09% 6.81% -1.71% $19M
FI 0.00% 1.60% -1.60% $0
PEP 0.00% 1.44% -1.44% $0
VRRM 0.00% 0.98% -0.98% $0
HCA 0.00% 0.96% -0.96% $0
JKHY 0.00% 0.88% -0.88% $0
AXP 0.00% 0.82% -0.82% $0
IT 0.00% 0.80% -0.80% $0
JNJ 0.00% 0.76% -0.76% $0
LULU 0.00% 0.67% -0.67% $0
CAT 0.00% 0.67% -0.67% $0
NFLX 0.87% 1.52% -0.65% $3M
LLY 0.88% 1.48% -0.61% $3M
TER 1.02% 1.43% -0.40% $4M
MMC 1.61% 2.01% -0.40% $6M

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 24 $205M 54.9%
Large Cap 35 $137M 36.7%
Mid Cap 10 $32M 8.4%

Portfolio Analytics

Avg Market Cap
$511.8B
Median Market Cap
$69.4B
Avg P/E
27.7
Median P/E
24.8
Avg Dividend Yield
0.01%
Avg Beta
1.00
# Stocks
69
# ETFs / Funds
0

Top Holdings (69 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 8.27% 164,519 $31M $188.03 $3M +13,034 +8.6%
2 GOOGL 6.82% 81,180 $26M $314.16 $3M -11,959 -12.8%
3 MSFT 6.80% 52,376 $25M $485.73 -$16K +3,226 +6.6%
4 AMZN 5.15% 83,091 $19M $231.89 $1M +1,225 +1.5%
5 AAPL 5.09% 69,815 $19M $272.96 -$6M -28,001 -28.6%
6 AVGO 3.07% 33,052 $12M $348.03 $5M +11,931 +56.5%
7 META 2.53% 14,268 $9M $662.51 -$869K +213 +1.5%
8 V 2.33% 24,683 $9M $352.57 $1M +2,734 +12.5%
9 JPM 2.25% 26,004 $8M $323.91 +26,004 NEW
10 ACN 1.75% 24,287 $7M $269.46 $534K -87 -0.4%
11 MA 1.74% 11,327 $7M $573.90 $989K +1,637 +16.9%
12 MSI 1.65% 16,111 $6M $383.50 $2M +6,895 +74.8%
13 MMC 1.61% 32,325 $6M $186.78 -$1M -4,236 -11.6%
14 WM 1.59% 26,972 $6M $221.00 $1M +4,561 +20.4%
15 PG 1.57% 40,793 $6M $144.00 $820K +7,900 +24.0%
16 ORCL 1.56% 29,799 $6M $196.24 $3M +18,528 +164.4%
17 AON 1.51% 15,941 $6M $355.47 -$1M -3,134 -16.4%
18 PCTY 1.51% 36,764 $6M $153.53 $1M +8,059 +28.1%
19 SPGI 1.48% 10,562 $6M $525.65 $1M +1,961 +22.8%
20 UNH 1.46% 16,543 $5M $331.11 -$1M -2,486 -13.1%
21 TMO 1.36% 8,709 $5M $582.22 $1M +1,243 +16.6%
22 UBER 1.32% 60,576 $5M $81.82 -$881K +986 +1.6%
23 HD 1.28% 13,782 $5M $346.41 $2M +6,580 +91.4%
24 FBHS 1.25% 92,676 $5M $50.40 $1M +28,203 +43.7%
25 BJ 1.25% 51,456 $5M $90.57 $481K +6,637 +14.8%
26 NKE 1.23% 72,250 $5M $63.80 +72,250 NEW
27 ZTS 1.19% 35,168 $4M $126.38 $160K +5,887 +20.1%
28 SNPS 1.17% 9,325 $4M $470.85 $164K +759 +8.9%
29 MSCI 1.17% 7,582 $4M $578.43 -$297K -671 -8.1%
30 SCI 1.17% 55,932 $4M $78.28 -$198K +938 +1.7%
31 KEYS 1.16% 21,231 $4M $204.53 $161K -2,672 -11.2%
32 ODFL 1.16% 27,308 $4M $158.44 $1M +5,576 +25.7%
33 VEEV 1.11% 18,474 $4M $224.91 $20K +4,594 +33.1%
34 DXCM 1.11% 62,173 $4M $66.69 $2M +30,725 +97.7%
35 BKNG 1.08% 751 $4M $5,390.23 $4K +2 +0.3%
36 HLI 1.07% 22,891 $4M $174.62 $58K +3,706 +19.3%
37 BR 1.07% 17,777 $4M $224.54 $1M +5,747 +47.8%
38 TSCO 1.07% 79,593 $4M $50.12 $1M +28,554 +56.0%
39 GWW 1.07% 3,930 $4M $1,014.95 +3,930 NEW
40 CNM 1.06% 75,688 $4M $52.39 -$40K +1,280 +1.7%
41 CLH 1.04% 16,511 $4M $234.90 -$739K -3,374 -17.0%
42 MANH 1.03% 22,190 $4M $174.07 $874K +7,611 +52.2%
43 POOL 1.03% 16,719 $4M $230.14 $386K +5,555 +49.8%
44 TER 1.02% 19,704 $4M $194.58 -$1M -18,203 -48.0%
45 LPLA 0.98% 10,283 $4M $357.52 +10,283 NEW
46 CPRT 0.95% 90,066 $4M $39.45 -$432K +1,444 +1.6%
47 TSM 0.95% 11,599 $4M $305.58 -$601K -3,243 -21.9%
48 SFM 0.94% 43,598 $4M $80.38 +43,598 NEW
49 ABC 0.92% 10,167 $3M $339.46 -$1M -4,799 -32.1%
50 WMS 0.91% 23,295 $3M $145.71 -$200K -2,616 -10.1%
51 CSCO 0.89% 43,160 $3M $77.41 $422K +495 +1.2%
52 LLY 0.88% 3,034 $3M $1,080.22 -$2M -4,072 -57.3%
53 MCD 0.87% 10,611 $3M $306.44 +10,611 NEW
54 NFLX 0.87% 34,413 $3M $94.15 -$2M +29,782 +643.1%
55 BOOT 0.85% 17,870 $3M $177.38 $436K +1,374 +8.3%
56 TTC 0.78% 37,035 $3M $79.28 $163K +636 +1.8%
57 MTD 0.75% 2,012 $3M $1,400.81 $110K -194 -8.8%
58 MCO 0.74% 5,403 $3M $514.60 $223K +35 +0.7%
59 COST 0.51% 2,202 $2M $864.18 -$110K +27 +1.2%
60 HCA —% -$4M -8,274 -100.0% SOLD
61 JKHY —% -$3M -21,637 -100.0% SOLD
62 VRRM —% -$4M -145,454 -100.0% SOLD
63 JNJ —% -$3M -15,001 -100.0% SOLD
64 LULU —% -$2M -13,760 -100.0% SOLD
65 IT —% -$3M -11,115 -100.0% SOLD
66 CAT —% -$2M -5,115 -100.0% SOLD
67 PEP —% -$5M -37,588 -100.0% SOLD
68 FI —% -$6M -45,267 -100.0% SOLD
69 AXP —% -$3M -9,050 -100.0% SOLD

New Positions

SymbolValue% Port
JPM $8M 2.25%
NKE $5M 1.23%
GWW $4M 1.07%
LPLA $4M 0.98%
SFM $4M 0.94%
MCD $3M 0.87%

Sold Out Positions

SymbolValue% Port
AXP —%
CAT —%
HCA —%
JNJ —%
IT —%
LULU —%
JKHY —%
PEP —%
VRRM —%
FI —%
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