Stocks/Funds/CIK 1600152

Bellecapital International Ltd.

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1600152
Assets
$584M
+16.7% YoY
Holdings
127
Lifetime alpha vs market
+0.28% annual
Average hold time
4.6 yr
median 4.3 yr

Quarterly history

Cum return +283% vs S&P +272% · α +11% lifetimeAUM $584M · peak $617MFlow $67M (+12%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+1.19%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.25%
steady accumulation
Rally response
-2.01%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
GOOGLAlphabet Inc.$33M5.7%10.0 yr
TSMTaiwan Semiconductor Man$31M5.3%+105.6%5.3 yr
AAPLApple Inc.$29M4.9%+14.7%10.3 yr
AMDAdvanced Micro Devices, $25M4.3%+98.0%6.0 yr
TRSTriMas Corporation$25M4.2%+54.1%1.5 yr
MSFTMicrosoft Corporation$24M4.0%-0.6%10.3 yr
WMTWalmart Inc.$20M3.5%+42.8%10.5 yr
ANETArista Networks, Inc.$19M3.3%+58.5%1.5 yr
REGNRegeneron Pharmaceutical$19M3.2%+22.5%4.0 yr
COSTCostco Wholesale Corpora$18M3.1%+5.9%4.0 yr
MELIMercadoLibre, Inc.$16M2.7%-11.4%6.0 yr
SNPSSynopsys, Inc.$16M2.7%-7.5%0.8 yr
METAMeta Platforms, Inc.$15M2.5%-0.4%8.3 yr
ABBVAbbVie Inc.$15M2.5%+7.3%10.0 yr
BNBrookfield Corporation$14M2.4%+16.5%0.5 yr

Portfolio composition (YoY)

Industry mix
Semiconductors11.2%+6.2pp$66M
Asset Management8.7%+5.3pp$51M
Internet Content & Information8.6%+2.3pp$51M
Software - Infrastructure6.9%+1.4pp$40M
Discount Stores6.6%-2.1pp$39M
Specialty Retail6.3%-2.1pp$37M
Consumer Electronics4.9%-0.3pp$29M
Drug Manufacturers - General4.7%+0.4pp$27M
Packaging & Containers4.2%-1.3pp$25M
Computer Hardware4.2%+0.9pp$24M
Country
US81.0%-10.4pp
TW5.3%+4.9pp
CA4.4%+2.7pp
UY2.7%-1.4pp
IT2.1%
FR1.5%
Unknown1.3%+0.9pp
CH1.3%+0.4pp
Top 5: 24.5% · Top 10: 41.6% · Top 25: 73.5%

Winners

TickerPrev $PnLYoY %
AMD$17M+0.02B98.0%
TRS$28M+0.01B54.1%
ANET$16M+0.01B58.5%
WMT$21M+0.01B42.8%
XMTR$13M+0.01B63.9%

Losers

TickerPrev $PnLYoY %
BKNG$16M-0.02B-96.3%
ADBE$17M-0.01B-36.6%
SPGI$16M-0.00B-15.6%
MELI$21M-0.00B-11.4%
TSCO$10M-0.00B-16.4%

Top buys this quarter · 15

BN Brookfield Corporation+$14M
RACE Ferrari N.V.new+$12M
TOTB.DE TotalEnergies SEnew+$7M
MSFT Microsoft Corporation+$24M
SNPS Synopsys, Inc.+$16M
META Meta Platforms, Inc.+$15M
MELI MercadoLibre, Inc.+$16M
ANET Arista Networks, Inc.+$19M
MSTR Strategy Inc+$1M
REGN Regeneron Pharmaceuticals, Inc+$1M

Top sells this quarter · 15

MCK McKesson Corporation$5M
UNH UnitedHealth Group Incorporateexit$5M
UBS UBS Group AG$4M
LOGI Logitech International S.A.$2M
NVDA NVIDIA Corporation$1M
CSCO Cisco Systems, Inc.$1M
AMD Advanced Micro Devices, Inc.$1M
JNJ Johnson & Johnson$1M
PAGS PagSeguro Digital Ltd.$1M
WMT Walmart Inc.$19M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$584M127+17.16%+17.59%-0.43%+0.07B
2025-12-31$562M128+19.50%+17.72%+1.79%-0.07B
2025-09-30$617M131+19.91%+17.52%+2.39%-0.01B
2025-06-30$559M133+16.19%+14.94%+1.25%+0.00B
2025-03-31$501M133+9.05%+8.30%+0.74%-0.03B
2024-12-31$560M146+22.92%+24.89%-1.97%+0.05B
2024-09-30$499M156+36.77%+36.04%+0.74%-0.01B
2024-06-30$465M145+22.00%+24.49%-2.50%+0.00B
2024-03-31$446M155+26.31%+29.62%-3.31%-0.01B
2023-12-31$433M149+33.78%+26.18%+7.60%-0.01B
2023-09-30$390M148+23.47%+21.57%+1.91%-0.00B
2023-06-30$404M150+19.55%+19.42%+0.12%-0.02B
2023-03-31$390M182-2.97%-7.82%+4.85%+0.00B
2022-12-31$344M178-17.49%-18.17%+0.69%+0.01B
2022-09-30$316M174-13.10%-15.51%+2.40%-0.01B
2022-06-30$345M187-6.82%-10.62%+3.80%+0.07B