Bellecapital International Ltd.

CIK 0001600152 · Q1 2026

13F Equity AUM

$584.4M

+3.7% QoQ

Positions

128

-1 QoQ

AUM Rank

#3,929

Top 32%

Skill Alpha (FF)

-0.5%/yr^ns

No Clear Edge

Rank #2,924 · Top 36%

vs S&P -4.7%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 24.5%Top 10: 41.6%Top 20: 65.3%

GOOGL5.7%

TSM5.3%

AAPL4.9%

AMD4.3%

TRS4.2%

MSFT4.0%

WMT3.5%

ANET3.3%

REGN3.2%

COST3.1%

Others (118)58.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology31.6%

Consumer Cyclical15.9%

Financial Services13.0%

Communication Services9.9%

Healthcare9.7%

Consumer Defensive7.9%

Industrials5.8%

Financials2.2%

Other3.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 128Median: 0.14%Avg: 0.78%

0–0.5%

87(10.6%)

0.5–1%

10(8.4%)

1–3%

21(39.4%)

3–5%

8(30.6%)

5%+

2(11.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 125Unique: 3vs 20 funds

1.7%Low

128

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.4%

BANK OF AMERICA CORP /DE/

2.6%

JPMORGAN CHASE & CO

2.5%

BlackRock, Inc.

2.9%

FMR LLC

VANGUARD CAPITAL MANAGEMENT LLC

2.9%

STATE STREET CORP

2.7%

GEODE CAPITAL MANAGEMENT, LLC

2.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New24Increased34Decreased47Exited25

New Positions

RACE2.0%

+36K

TTE1.5%

+92K

AVDV1.4%

+79K

AMRZ1.0%

+111K

AVEM0.9%

+65K

LOGI0.9%

+57K

UBS0.4%

+56K

XMMO0.1%

+5K

XSMO0.1%

+10K

WPM0.1%

+6K

Increased

BN2.4%

+341K(+5568%)

VCSH0.8%

+53K(+1559%)

IBIT0.8%

+34K(+37%)

PFE1.2%

+15K(+6%)

TSCO1.4%

+14K(+9%)

XMTR2.1%

+13K(+5%)

ANET3.3%

+10K(+7%)

MSFT4.0%

+10K(+18%)

MIGA0.3%

+7K(+81%)

NFLX1.0%

+6K(+11%)

Decreased

PAGS0.1%

-78,229(-73%)

CSCO0.1%

-17,733(-62%)

HYG0.1%

-12,028(-56%)

KO0.4%

-8,749(-23%)

NVDA0.9%

-7,848(-20%)

PYPL0.1%

-6,562(-46%)

ZM0.2%

-6,239(-28%)

WMT3.5%

-6,131(-4%)

GOOGL5.7%

-6,109(-5%)

SBUX0.1%

-5,482(-47%)

Exited

-17,337

-1,147,000

-2,565

-396

-5,713

-1,302

-10,157

CDNS

-813

NOW

-1,800

IVV

-421

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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