# Bell Asset Management Ltd

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1681004. Source: https://holderbook.com/funds/1681004-bell-asset-management-ltd/

- Reported value: $276.8M
- Positions: 68
- Weight of the ten largest: 43.9%
- Filed: 2026-10-08

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $28.4M | 124,297 | 10.3% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $20.4M | 59,294 | 7.4% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.1M | 39,176 | 7.3% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $13.0M | 52,297 | 4.7% | 22 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $10.8M | 30,680 | 3.9% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.0M | 26,952 | 3.2% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.1M | 9,856 | 2.6% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.3M | 11,932 | 1.5% | 32 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.2M | 60,716 | 1.5% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.1M | 11,096 | 1.5% | 32 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.9M | 7,141 | 1.4% | 32 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.9M | 8,499 | 1.4% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.8M | 11,525 | 1.4% | 4 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $3.8M | 9,637 | 1.4% | 32 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $3.8M | 11,478 | 1.4% | 1 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $3.6M | 9,798 | 1.3% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.5M | 6,928 | 1.3% | 2 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.5M | 41,826 | 1.3% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.2M | 32,308 | 1.2% | 3 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $3.1M | 7,608 | 1.1% | 1 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $3.0M | 14,289 | 1.1% | 3 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $3.0M | 10,350 | 1.1% | 19 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.9M | 17,842 | 1.1% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.8M | 10,833 | 1.0% | 3 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $2.8M | 13,384 | 1.0% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.8M | 9,289 | 1.0% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.8M | 20,546 | 1.0% | 32 |
| LINCOLN ELEC HLDGS INC | [LECO](https://holderbook.com/stocks/LECO/) | $2.8M | 10,583 | 1.0% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.8M | 12,098 | 1.0% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.8M | 10,138 | 1.0% | 2 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $2.8M | 9,116 | 1.0% | 4 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $2.8M | 6,526 | 1.0% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $2.8M | 16,241 | 1.0% | 32 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $2.8M | 17,180 | 1.0% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $2.7M | 5,237 | 1.0% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $2.7M | 6,601 | 1.0% | 1 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $2.7M | 1,544 | 1.0% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $2.7M | 11,047 | 1.0% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.7M | 6,189 | 1.0% | 2 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $2.7M | 5,959 | 1.0% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.6M | 2,269 | 0.9% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.6M | 37,988 | 0.9% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.6M | 14,126 | 0.9% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.6M | 12,659 | 0.9% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.6M | 19,247 | 0.9% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.5M | 13,756 | 0.9% | 2 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $2.5M | 19,871 | 0.9% | 15 |
| HOULIHAN LOKEY INC | [HLI](https://holderbook.com/stocks/HLI/) | $2.5M | 19,859 | 0.9% | 13 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $2.5M | 38,307 | 0.9% | 2 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $2.5M | 4,645 | 0.9% | 14 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $2.5M | 8,303 | 0.9% | 32 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $2.5M | 9,018 | 0.9% | 1 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $2.5M | 32,184 | 0.9% | 32 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $2.4M | 14,058 | 0.9% | 3 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $2.4M | 4,839 | 0.9% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.3M | 17,892 | 0.8% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.2M | 12,203 | 0.8% | 32 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.2M | 3,242 | 0.8% | 14 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $2.1M | 50,427 | 0.8% | 8 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $2.0M | 23,564 | 0.7% | 5 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $2.0M | 16,720 | 0.7% | 5 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.0M | 15,122 | 0.7% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 2,443 | 0.7% | 1 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $2.0M | 21,497 | 0.7% | 14 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $2.0M | 15,352 | 0.7% | 3 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $1.8M | 1,165 | 0.6% | 32 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $1.7M | 3,650 | 0.6% | 27 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $1.6M | 11,978 | 0.6% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.8% | +14.8% | -8.0% | 100% |
| Q1 2026 | -8.2% | -4.6% | -3.5% | 99% |
| Q4 2025 | +1.1% | +2.4% | -1.3% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 100% |
| Q2 2025 | +11.4% | +10.5% | +0.9% | 100% |
| Q1 2025 | -4.6% | -4.6% | -0.0% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 100% |
| Q3 2024 | +7.3% | +5.4% | +1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $276.8M | 68 |
| Q2 2026 | $374.5M | 63 |
| Q1 2026 | $339.8M | 61 |
| Q4 2025 | $374.1M | 59 |
| Q3 2025 | $365.9M | 63 |
| Q2 2025 | $453.5M | 62 |
| Q1 2025 | $543.5M | 66 |
| Q4 2024 | $549.1M | 64 |
| Q3 2024 | $545.9M | 64 |
| Q2 2024 | $712.9M | 63 |
| Q1 2024 | $682.3M | 61 |
| Q4 2023 | $655.7M | 64 |