Bell Asset Management Trims Stake in Advanced Drainage Systems

The investment firm reduced its holdings in the construction company by nearly 50% in the third quarter.

Published on Mar. 9, 2026

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Bell Asset Management Ltd. trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 47.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,911 shares of the construction company's stock after selling 23,777 shares during the period, with the holdings now valued at $3.59 million.

Why it matters

Advanced Drainage Systems is a leading manufacturer and supplier of water management solutions in North America, specializing in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Bell Asset Management's reduced stake in the company could signal a shift in investor sentiment or portfolio strategy.

The details

According to the 13F filing, Bell Asset Management Ltd. sold 23,777 shares of Advanced Drainage Systems during the third quarter, reducing its total holdings to 25,911 shares. The firm's stake in the construction company is now valued at $3.59 million, down from $6.93 million at the end of the prior quarter.

  • Bell Asset Management filed its 13F report for the third quarter on October 15, 2025.

The players

Bell Asset Management Ltd

An investment management firm that provides portfolio management services to institutional and individual clients.

Advanced Drainage Systems, Inc.

A leading manufacturer and supplier of water management solutions in North America, specializing in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products.

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The takeaway

Bell Asset Management's reduced stake in Advanced Drainage Systems could be a sign of broader market shifts, as investors evaluate the construction company's performance and growth prospects. However, the firm's continued holdings suggest it still sees value in the company's water management solutions business.