Bellecapital International Ltd.
Long book
$554.3M
Q1 2026
Positions
117
Top-10 weight
42%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
37%
of book per quarter
Strategy in plain words
auto-generated from filingsBellecapital International Ltd. is a diversified fundamental manager, running a $554.3M US long book across 117 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALPHABET INC-CL A, TAIWAN SEMICONDUCTOR-SP ADR, APPLE INC, ADVANCED MICRO DEVICES, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.9%
Q2 2024
+8.2%
Q3 2024
+2.7%
Q4 2024
-5.3%
Q1 2025
+9.8%
Q2 2025
+11.8%
Q3 2025
+2.5%
Q4 2025
-6.6%
Q1 2026
+17.0%
Sector allocation
Technology 42%
Consumer discretionary 17%
Healthcare 10%
Services media 10%
Industrials 7%
Financials 3%
Other 3%
Real estate 3%
Long book by quarter
What does Bellecapital International own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 116.0K | $33.4M | 6.0% | -5.0% |
| AAPL APPLE INC | Technology | 112.5K | $28.5M | 5.2% | -2.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 124.5K | $25.3M | 4.6% | -4.0% |
| MSFT MICROSOFT CORP | Technology | 63.7K | $23.6M | 4.3% | +17.7% |
| WMT WALMART INC | Consumer discretionary | 162.6K | $20.2M | 3.6% | -3.6% |
| ANET ARISTA NETWORKS INC | Technology | 156.1K | $19.2M | 3.5% | +6.6% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 24.3K | $18.8M | 3.4% | +5.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 18.4K | $18.3M | 3.3% | +3.7% |
| MELI MERCADOLIBRE INC | Services media | 9.2K | $15.9M | 2.9% | +8.7% |
| SNPS SYNOPSYS INC | Technology | 39.5K | $15.7M | 2.8% | +11.2% |
| META META PLATFORMS INC-CLASS A | Technology | 25.9K | $14.8M | 2.7% | +11.8% |
| ABBV ABBVIE INC | Healthcare | 66.9K | $14.5M | 2.6% | +3.3% |
| BN BROOKFIELD CORP | Real estate | 347.6K | $14.1M | 2.5% | +5568.0% |
| BKNG BOOKING HOLDINGS INC | Industrials | 3.3K | $14.1M | 2.5% | +2.8% |
| FAST FASTENAL CO | Consumer discretionary | 282.0K | $13.1M | 2.4% | +1.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 59.9K | $12.5M | 2.3% | -2.9% |
| XMTR XOMETRY INC-A | Services media | 299.3K | $12.2M | 2.2% | +4.7% |
| RACE FERRARI NV | Industrials | 35.9K | $12.0M | 2.2% | New |
| SPGI S&P GLOBAL INC | Services media | 26.7K | $11.4M | 2.1% | -5.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 81.4K | $9.7M | 1.7% | +6.2% |
| ADBE ADOBE INC | Technology | 39.2K | $9.5M | 1.7% | +8.6% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 12 | $8.6M | 1.6% | -14.3% |
| TTE TOTALENERGIES SE | Energy | 91.5K | $8.5M | 1.5% | New |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 175.8K | $8.0M | 1.4% | +8.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 16.0K | $7.9M | 1.4% | +6.0% |
| PFE PFIZER INC | Healthcare | 256.5K | $7.2M | 1.3% | +6.3% |
| AMRZ AMRIZE LTD | Industrials | 111.5K | $6.1M | 1.1% | New |
| NFLX NETFLIX INC | Services media | 60.2K | $5.8M | 1.0% | +10.7% |
| NVDA NVIDIA CORP | Technology | 31.2K | $5.4M | 1.0% | -20.1% |
| LTEC LOGITECH INTERNATIONAL-REG | — | 57.2K | $5.2M | 0.9% | New |
| MO ALTRIA GROUP INC | Consumer staples | 72.7K | $4.8M | 0.9% | +5.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.5K | $4.6M | 0.8% | -18.5% |
| CPRT COPART INC | Consumer discretionary | 136.8K | $4.5M | 0.8% | -3.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 11.5K | $2.8M | 0.5% | -24.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 5.4K | $2.5M | 0.5% | -1.3% |
| GOOG ALPHABET INC-CL C | Technology | 8.2K | $2.4M | 0.4% | -23.1% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 11.2K | $2.3M | 0.4% | -14.1% |
| KO COCA-COLA CO/THE | Consumer staples | 29.4K | $2.2M | 0.4% | -22.9% |
| UBS UBS GROUP AG-REG | Financials | 56.1K | $2.2M | 0.4% | New |
| MCD MCDONALD'S CORP | Consumer discretionary | 6.1K | $1.9M | 0.3% | +2.5% |
| LLY ELI LILLY & CO | Healthcare | 1.7K | $1.6M | 0.3% | +0.8% |
| PSX PHILLIPS 66 | Energy | 8.7K | $1.6M | 0.3% | +15.2% |
| AMAT APPLIED MATERIALS INC | Technology | 4.5K | $1.5M | 0.3% | -6.2% |
| DUK DUKE ENERGY CORP | Utilities | 11.6K | $1.5M | 0.3% | -3.6% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 17.6K | $1.5M | 0.3% | -0.8% |
| ZM ZOOM COMMUNICATIONS INC | Technology | 16.0K | $1.3M | 0.2% | -28.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 6.8K | $1.1M | 0.2% | -24.1% |
| AVGO BROADCOM INC | Technology | 3.2K | $998K | 0.2% | -9.1% |
| LULU LULULEMON ATHLETICA INC | Other | 5.5K | $846K | 0.2% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 638 | $843K | 0.2% | -24.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 12, 2026 | 118 | $554.3M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | Apr 17, 2026 | 116 | $538.4M | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 129 | $563.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 133 | $619.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 136 | $563.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 137 | $506.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 150 | $566.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 159 | $504.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 149 | $471.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 163 | $453.7M | canonical | SEC ↗ |
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