Magellan Asset Management Ltd

CIK 1536105 · View on SEC EDGAR ↗

Portfolio value
$4.5B
#872 of 9,443 by 13F value · top 9.2%
Positions
78
As of
June 30, 2026

Portfolio value QoQ: -42.0% 13F does not disclose cash

Top 10 holdings weight
45.25%
Top 25 holdings weight
75.40%
Positions above 1%
34
Effective number of positions
33.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.98% Est. buys $181,354,515 · sells $3,701,991,148

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 82.1% still held

New positions
2
Increased
36
Decreased
35
Closed
3
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+11.2%
S&P 500 total return (same window)
+28.1%
Excess return
-16.9%

Annualized: +7.4% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.2% · Options excluded: 0.0%

Sector breakdown

Utilities
51.9%
Real Estate
10.3%
Technology
8.3%
Communication Services
6.7%
Financial Services
6.2%
Retail
4.5%
Industrials
3.9%
Health Care
3.6%
Consumer Discretionary
2.4%
Consumer products
0.3%
Consumer Staples
0.2%
Other/Unmapped
1.6%

Full portfolio 78 positions

Type Streak 8Q trend
ES Eversource Energy (D/B/A) Common Stock $248,396,688 5.55% 3,437,065 $-179,932,593 Down ×3
AMT American Tower Corporation (REIT) Common Stock $230,022,439 5.14% 1,406,263 $-29,416,385 Down ×1
XEL Xcel Energy Inc. - Common Stock $226,328,280 5.06% 2,818,534 $42,284,945 Up ×2
CCI Crown Castle Inc. Common Stock $210,551,816 4.71% 2,780,296 $-21,604,821 Down ×1
SRE DBA Sempra Common Stock $207,946,120 4.65% 2,242,974 $-11,499,596 Down ×1
CMS CMS Energy Corporation Common Stock $194,237,325 4.34% 2,539,050 $37,529,294 Up ×4
EVRG Evergy, Inc. - Common Stock $187,857,420 4.20% 2,173,521 $4,121,673 Down ×3
D Dominion Energy, Inc. Common Stock $183,733,221 4.11% 2,690,485 $12,019,949 Down ×6
MSFT Microsoft Corporation - Common Stock $169,977,381 3.80% 455,679 $-270,212,125 Down ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $164,506,150 3.68% 344,465 $-233,601,654 Down ×4
LNT Alliant Energy Corporation - Common Stock $151,628,893 3.39% 1,987,533 $5,637,048 Down ×2
AMZN Amazon.com, Inc. - Common Stock $149,627,230 3.35% 627,789 $-318,747,216 Down ×4
WEC WEC Energy Group, Inc. Common Stock $144,582,279 3.23% 1,238,180 $-1,441,779 Down ×6
MA Mastercard Incorporated Common Stock $121,557,821 2.72% 236,678 $-170,738,282 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $116,760,725 2.61% 330,458 $-739,426 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $100,868,904 2.26% 179,071 $-189,219,314 Down ×1
BRKB $69,977,040 1.56% 139,845 $-89,411,589 Down ×1
SPGI S&P Global Inc. Common Stock $68,789,472 1.54% 168,908 $1,367,127 Up ×4
UNP Union Pacific Corporation Common Stock $68,400,384 1.53% 251,472 $6,009,681 Down ×3
NFLX Netflix, Inc. - Common Stock $66,477,755 1.49% 931,061 $-77,767,244 Down ×2
NSC Norfolk Southern Corporation Common Stock $63,341,438 1.42% 201,346 $4,211,976 Down ×6
YUM Yum! Brands, Inc. $57,362,084 1.28% 358,827 $-155,659,198 Down ×4
SO Southern Company (The) Common Stock $56,685,970 1.27% 592,268 $4,029,967 Up ×5
AEP American Electric Power Company, Inc. - Common Stock $56,524,967 1.26% 413,164 $3,699,596 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $56,007,979 1.25% 442,471 $3,303,974 Up ×6
ETR Entergy Corporation Common Stock $55,449,239 1.24% 482,755 $2,832,736 Up ×5
NEE NextEra Energy, Inc. Common Stock $54,854,407 1.23% 624,979 $1,946,244 Up ×2
EXC Exelon Corporation - Common Stock $53,710,109 1.20% 1,152,083 $156,298 Up ×5
TMO Thermo Fisher Scientific Inc Common Stock $53,112,073 1.19% 105,936 $12,223,167 Up ×2
ICE Intercontinental Exchange Inc. Common Stock $49,304,816 1.10% 400,494 $-137,291,075 Down ×6
ZBH Zimmer Biomet Holdings, Inc. Common Stock $49,106,511 1.10% 570,409 $-695,107 Up ×1
DG Dollar General Corporation Common Stock $45,833,464 1.02% 398,171 $-2,615,975 Down ×3
ED Consolidated Edison, Inc. Common Stock $45,398,569 1.02% 410,364 $1,160,355 Up ×5
PEG Public Service Enterprise Group Incorporated Common Stock $44,500,758 1.00% 548,309 $2,121,085 Up ×5
UNH UnitedHealth Group Incorporated Common Stock (DE) $43,362,678 0.97% 104,330 $-151,408,816 Down ×2
CSX CSX Corporation - Common Stock $42,366,151 0.95% 891,356 $-33,455,785 Down ×3
INTU Intuit Inc. - Common Stock $38,671,065 0.86% 148,165 $-118,030,365 Down ×1
AEE Ameren Corporation Common Stock $34,551,128 0.77% 305,654 $1,758,475 Up ×5
BKNG Booking Holdings Inc. - Common Stock $34,399,607 0.77% 192,996 $-14,511,680 Up ×4
DTE DTE Energy Company Common Stock $34,387,471 0.77% 225,684 $2,197,138 Up ×5
ATO Atmos Energy Corporation Common Stock $32,203,120 0.72% 186,934 $-1,298,992 Up ×4
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $30,732,213 0.69% 697,825 $1,248,840 Up ×4
FE FirstEnergy Corp. Common Stock $29,967,837 0.67% 630,371 $-1,212,633 Up ×4
AWK American Water Works Company, Inc. Common Stock $29,392,867 0.66% 223,384 $-80,689 Up ×4
PPL PPL Corporation Common Stock $28,297,494 0.63% 778,473 $-783,173 Up ×4
NI NiSource Inc Common Stock $25,337,255 0.57% 532,855 $2,120,126 Up ×4
V Visa Inc. $20,758,660 0.46% 60,505 $-179,997,611 Down ×6
SBAC SBA Communications Corporation - Class A Common Stock $20,462,831 0.46% 115,963 $1,062,248 Up ×4
CMG Chipotle Mexican Grill, Inc. Common Stock $17,209,610 0.38% 506,165 $-106,512,529 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $16,715,267 0.37% 46,773 $-177,795,206 Down ×1
PG Procter & Gamble Company (The) Common Stock $14,203,550 0.32% 96,860 $-173,818,042 Down ×2
PNW Pinnacle West Capital Corporation Common Stock $13,658,978 0.31% 127,654 $2,043,208 Up ×4
WTRG Essential Utilities, Inc. Common Stock $12,289,350 0.27% 320,787 $379,336 Up ×4
OGE OGE Energy Corp Common Stock $11,268,391 0.25% 231,574 $524,056 Up ×4
MSCI MSCI Inc. Common Stock $9,742,456 0.22% 17,396 $-140,723,803 Down ×3
IDA IDACORP, Inc. Common Stock $8,857,707 0.20% 58,544 $1,692,622 Up ×4
MDT Medtronic plc. Ordinary Shares $8,843,745 0.20% 113,048 $-117,164,245 Down ×2
CME CME Group Inc. - Class A Common Stock $8,169,827 0.18% 36,996 $-88,076,468 Down ×2
SWX Southwest Gas Holdings, Inc. Common Stock (DE) $6,829,247 0.15% 77,010 Up ×1
TXNM TXNM Energy, Inc. Common Stock $6,588,013 0.15% 116,027 $75,861 Up ×4
BKH Black Hills Corporation Common Stock $6,346,841 0.14% 85,307 $1,199,257 Up ×4
SYK Stryker Corporation Common Stock $6,327,969 0.14% 20,099 $-92,617,052 Down ×6
POR Portland General Electric Co Common Stock $6,120,242 0.14% 118,083 $689,365 Up ×4
HD Home Depot, Inc. (The) Common Stock $5,210,847 0.12% 14,775 $1,682,515 Up ×3
MDLZ Mondelez International, Inc. - Class A Common Stock $5,132,779 0.11% 88,741 $-697,334 Down ×2
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $4,910,985 0.11% 231,541 Up ×1
NWE NorthWestern Energy Group, Inc. - Common Stock $4,820,384 0.11% 67,305 $476,652 Up ×4
OGS ONE Gas, Inc. Common Stock $4,555,839 0.10% 59,113 $-416,532 Up ×4
SR Spire Inc. Common Stock $4,525,237 0.10% 57,949 $-549,349 Up ×4
KO Coca-Cola Company (The) Common Stock $3,382,376 0.08% 41,619 $-119,709,949 Down ×3
AWR American States Water Company Common Stock $3,036,074 0.07% 36,743 $257,568
CWT California Water Service Group Common Stock $2,987,888 0.07% 61,416 $203,287
AVA Avista Corporation Common Stock $2,902,810 0.06% 70,956 $47,130 Down ×1
MGEE MGE Energy Inc. - Common Stock $2,420,352 0.05% 29,683 $126,153
NWN Northwest Natural Holding Company Common Stock $2,264,953 0.05% 46,167 $-71,884 Up ×5
CPK Chesapeake Utilities Corporation Common Stock $2,106,656 0.05% 17,200 $49,984 Up ×5
HTO H2O America - Common Stock $1,766,159 0.04% 29,063 $61,033
MSEX Middlesex Water Company - Common Stock $870,648 0.02% 15,503 $63,717

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
CMS $194,237,325 4.34% up ×4
SPGI $68,789,472 1.54% up ×4
SO $56,685,970 1.27% up ×5
DUK $56,007,979 1.25% up ×6
ETR $55,449,239 1.24% up ×5
EXC $53,710,109 1.20% up ×5
ED $45,398,569 1.02% up ×5
PEG $44,500,758 1.00% up ×5
AEE $34,551,128 0.77% up ×5
BKNG $34,399,607 0.77% up ×4
DTE $34,387,471 0.77% up ×5
ATO $32,203,120 0.72% up ×4
CNP $30,732,213 0.69% up ×4
FE $29,967,837 0.67% up ×4
AWK $29,392,867 0.66% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SWX $6,829,247 77,010 0.15%
MDU $4,910,985 231,541 0.11%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AMZN Trimmed -1.6M -$318.7M
MSFT Trimmed -733K -$270.2M
TSM Trimmed -834K -$233.6M
META Trimmed -328K -$189.2M
ES Trimmed -2.7M -$179.9M
MA Trimmed -348K -$170.7M
YUM Trimmed -1.0M -$155.7M
UNH Trimmed -615K -$151.4M
ICE Trimmed -786K -$137.3M
INTU Trimmed -214K -$118.0M

5 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
AAPL June 30, 2025 932,266 $207,084,247 54.8%
RSG June 30, 2025 705,288 $170,792,542 -10.4%
NVO Sept. 30, 2025 1,678,195 $115,829,019 -16.2%
TT March 31, 2025 262,526 $96,963,978 34.8%
CL June 30, 2025 911,997 $85,454,119 0.2%
USB March 31, 2026 1,048,050 $55,923,948 20.3%
ULTA Sept. 30, 2025 63,708 $29,803,877 -4.1%
MELI Sept. 30, 2025 9,765 $25,522,097 -17.9%
MS Sept. 30, 2025 164,869 $23,223,447 34.5%
YUMC Sept. 30, 2025 413,378 $18,482,130 12.0%
MCD June 30, 2025 10,051 $3,139,631 -7.3%
ADBE June 30, 2025 8,080 $3,098,922 -29.2%
ALE Dec. 31, 2025 44,345 $2,944,508 No longer tracked
HCA Dec. 31, 2025 179 $76,290 -12.1%
BLK June 30, 2026 76 $73,090 19.8%
CRM June 30, 2026 369 $68,881 31.3%
PEP June 30, 2026 443 $68,793 5.0%