Guinness Asset Management LTD

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Guinness Asset Management LTD reported 109 stock positions worth $4.8 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Abbvie (ABBV, 4.7%) and Broadcom (AVGO, 4.7%). Compared with Q4 2023, it added to 33 and reduced 63. The biggest buy was Microsoft (MSFT, shares +0%) and the biggest sale On Semiconductor (ON, shares −39%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001409661
Portfolio Value
$4.8B (Q1 2024)
SEC Filing
0001085146-24-001735 ↗ filed Apr 11, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.8B $4.8B Q1 2024 Q2 2024: $4.8B Q2 2024 Q3 2024: $5.3B Q3 2024 Q4 2024: $5.3B Q4 2024 Q1 2025: $5.3B Q1 2025 Q2 2025: $5.6B Q2 2025 Q3 2025: $6.3B Q3 2025 Q4 2025: $6.2B Q4 2025 Q1 2026: $5.8B Q1 2026 Q2 2026: $5.9B Q2 2026

Holdings 109 stocks · $4.8B
MSFT Microsoft Corp. 5.47% 624,684 $262.8M Add +0.2%
ABBV Abbvie Inc. 4.71% 1,243,576 $226.4M Reduce -1.4%
AVGO Broadcom Inc. 4.67% 169,238 $224.3M Reduce -1.1%
EMR Emerson Electric Co. 4.11% 1,742,234 $197.6M Reduce -1.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 3.96% 761,533 $190.4M Reduce -1.4%
AFL Aflac Inc. 3.95% 2,211,891 $189.9M Reduce -1.2%
TXN Texas Instruments Inc. 3.92% 1,082,891 $188.6M Reduce -1.4%
CME Cme Group Inc. 3.86% 861,580 $185.5M Reduce -1.4%
PG The Procter & Gamble Co. 3.81% 1,129,993 $183.4M Reduce -1.4%
OTIS Otis Worldwide Corp. 3.64% 1,763,399 $175.1M Reduce -1.4%
BLK BlackRock Finance Inc. 3.60% 207,620 $173.1M Reduce -1.4%
CSCO Cisco Systems Inc. 3.60% 3,466,770 $173.0M Reduce -1.4%
PAYX Paychex Inc. 3.44% 1,345,820 $165.2M Reduce -1.4%
MDLZ Mondelez International Inc. Class A 3.39% 2,329,058 $163.0M Reduce -1.4%
PEP Pepsico Inc. 3.32% 913,245 $159.8M Reduce -1.4%
ITW Illinois Tool Works 3.28% 587,283 $157.6M Reduce -1.4%
JNJ Johnson & Johnson 3.19% 968,095 $153.1M Reduce -1.4%
KO The Coca-Cola Co. 2.96% 2,326,295 $142.3M Reduce -1.4%
TSM Taiwan Semiconductor-SP ADR 1.34% 471,740 $64.2M Add +4.9%
NVDA Nvidia Corp. 1.01% 53,799 $48.6M Reduce -28.8%
LRCX Lam Research Corp. 0.98% 48,453 $47.1M Add +9.2%
KLAC KLA Corp. 0.95% 65,683 $45.9M Add +8.9%
META Meta Platforms Inc. Class A 0.95% 94,253 $45.8M Add +9.2%
HUBB Hubbell Inc. 0.92% 106,331 $44.1M Reduce -27.9%
AMAT Applied Materials Inc. 0.92% 213,955 $44.1M Add +9.2%
APH Amphenol Corp. Class A 0.90% 375,513 $43.3M Add +9.2%
NEE Nextera Energy Inc. 0.90% 676,487 $43.2M Reduce -17.7%
CRM Salesforce Inc. 0.86% 137,639 $41.5M Add +9.2%
INTU Intuit Inc. 0.81% 60,064 $39.0M Add +9.2%
MA Mastercard Inc. Class A 0.81% 80,862 $38.9M Add +9.2%
ROP Roper Technologies Inc. 0.73% 62,686 $35.2M Add +9.2%
V Visa Inc. Class A 0.73% 125,905 $35.1M Add +9.2%
FSLR First Solar Inc. 0.72% 205,846 $34.7M Reduce -17.7%
ITRI Itron Inc. 0.71% 368,106 $34.1M Reduce -37.2%
ICE Intercontinental Exchange Inc. 0.70% 243,713 $33.5M Add +9.2%
IBP Installed Building Products 0.67% 125,078 $32.4M Reduce -15.0%
DHR Danaher Corp. 0.67% 129,289 $32.3M Add +9.2%
GOOGL Alphabet Inc. Class A 0.66% 209,097 $31.6M Add +9.2%
AMZN Amazon.com Inc. 0.64% 171,292 $30.9M Add +9.2%
PYPL PayPal Holdings Inc. 0.63% 451,630 $30.3M Add +32.8%
ORA Ormat Technologies Inc. 0.61% 442,261 $29.3M Reduce -17.7%
TMO Thermo Fisher Scientific Inc. 0.60% 49,255 $28.6M Add +9.2%
ON On Semiconductor 0.57% 375,369 $27.6M Reduce -38.7%
THRM Gentherm Inc. 0.55% 458,233 $26.4M Reduce -23.0%
AAPL Apple Inc. 0.54% 151,226 $25.9M Add +9.2%
XOM Exxon Mobil Corp. 0.52% 215,259 $25.0M Reduce -6.3%
ADBE Adobe Inc. 0.52% 49,060 $24.8M Add +9.2%
NKE Nike Inc. Class B 0.47% 242,743 $22.8M Add +35.6%
VLO Valero Energy Corp. 0.46% 129,731 $22.1M Reduce -15.4%
CMCSA Comcast Corp. Class A 0.46% 505,183 $21.9M Add +6.4%
COP Conocophillips 0.46% 171,982 $21.9M Reduce -5.9%
CSIQ Canadian Solar Inc. 0.44% 1,071,276 $21.2M Reduce -17.7%
CVX Chevron Corp. 0.42% 128,207 $20.2M Reduce -6.1%
FANG Diamondback Energy Inc. 0.42% 101,890 $20.2M Reduce -5.9%
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 0.40% 293,353 $19.2M Add +6.4%
CNQ Canadian Natural Resources 0.38% 239,965 $18.3M Reduce -6.2%
IMO Imperial Oil Ltd. 0.37% 259,102 $17.9M Reduce -6.0%
ENPH Enphase Energy Inc. 0.37% 146,776 $17.8M Reduce -17.7%
PXD Pioneer Natural Resources Co. 0.37% 67,549 $17.7M Reduce -5.5%
SU Suncor Energy Inc. 0.36% 467,539 $17.2M Reduce -5.5%
CVE Cenovus Energy Inc. 0.32% 780,216 $15.6M Reduce -6.3%
HAL Halliburton Co. 0.32% 389,108 $15.3M Reduce -5.5%
EOG EOG Resources Inc. 0.32% 119,261 $15.2M Reduce -6.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.31% 274,343 $15.0M Reduce -5.5%
AMRC Ameresco Inc. Class A 0.28% 567,156 $13.7M Reduce -17.7%
DVN Devon Energy Corp. 0.27% 256,642 $12.8M Reduce -6.2%
ENB Enbridge Inc. 0.23% 311,843 $11.3M Reduce -5.5%
QCOM Qualcomm Inc. 0.23% 64,417 $10.9M Reduce -0.3%
KMI Kinder Morgan Inc. 0.21% 540,742 $9.9M Reduce -5.5%
BKR Baker Hughes Co. 0.18% 256,770 $8.6M Reduce -5.5%
NTES Netease Inc.-ADR 0.17% 80,371 $8.3M Add +8.3%
NOVAQ Sunnova Energy International 0.17% 1,341,736 $8.2M Reduce -17.7%
SEDG Solaredge Technologies Inc. 0.16% 110,857 $7.9M Reduce -17.6%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.09% 402,098 $4.4M Reduce -5.5%
TPICQ Tpi Composites Inc. 0.02% 398,717 $1.2M Reduce -17.7%
ENTG Entegris Inc. 0.01% 4,355 $612K No change
ANET Arista Networks Inc. 0.01% 2,087 $605K Reduce -7.5%
KKR KKR & Co. Inc. 0.01% 5,906 $594K Reduce -15.2%
CDNS Cadence Design SYS Inc. 0.01% 1,855 $577K No change
AOS Smith (a.o.) Corp. 0.01% 6,341 $567K No change
ARES Ares Management Corp. Class A 0.01% 4,264 $567K Reduce -8.7%
EW Edwards Lifesciences Corp. 0.01% 5,869 $561K No change
AMP Ameriprise Financial Inc. 0.01% 1,267 $556K Reduce -13.2%
BX Blackstone Inc. 0.01% 4,183 $550K Reduce -2.9%
CG The Carlyle Group Inc. 0.01% 11,601 $544K Reduce -3.0%
TER Teradyne Inc. 0.01% 4,798 $541K Add +6.6%
MPWR Monolithic Power Systems Inc. 0.01% 790 $535K Reduce -12.3%
FTV Fortive Corp. 0.01% 6,219 $535K No change
SWKS Skyworks Solutions Inc. 0.01% 4,803 $520K Add +6.5%
A Agilent Technologies Inc. 0.01% 3,551 $517K Add +6.9%
IEX Idex Corp. 0.01% 2,102 $513K No change
RJF Raymond James Financial Inc. 0.01% 3,926 $504K Reduce -19.1%
ADUS Addus Homecare Corp. 0.01% 4,843 $501K No change
NDAQ Nasdaq Inc. 0.01% 7,902 $499K Reduce -13.4%
TTEK Tetra Tech Inc. 0.01% 2,674 $494K No change
SPWRQ Sunpower Corp. 0.01% 164,121 $489K Reduce -0.4%
KEYS Keysight Technologies Inc. 0.01% 3,088 $483K Add +7.0%
ZBRA Zebra Technologies Corp. Class A 0.01% 1,513 $456K Add +1.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 2,521 $438K No change
STT State Street Corp. 0.01% 5,598 $433K Add +0.8%
AMG Affiliated Managers Group 0.01% 2,423 $406K Reduce -10.8%
APAM Artisan Partners Asset Ma -A 0.01% 8,265 $378K Reduce -8.9%
BEN Franklin Templeton Inc. 0.01% 13,430 $378K Add +0.8%
RVTY Revvity Inc. 0.01% 3,471 $365K Add +2.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 2,744 $335K Add +0.7%
BIDU Baidu Inc. - Spon ADR 0.01% 2,260 $238K No change
JD Jd.com Inc.-ADR 0.00% 3,920 $107K No change
BABA Alibaba Group Holding-SP ADR 0.00% 560 $41K No change
ATHM Autohome Inc.-ADR 0.00% 800 $21K No change

Portfolio Sells Q4 2023 → Q1 2024
ON On Semiconductor Reduce -38.7% 0.57% −0.54
NOVAQ Sunnova Energy International Reduce -17.7% 0.17% −0.37
MDLZ Mondelez International Inc. Class A Reduce -1.4% 3.39% −0.35
CSIQ Canadian Solar Inc. Reduce -17.7% 0.44% −0.31
CSCO Cisco Systems Inc. Reduce -1.4% 3.60% −0.28
ORA Ormat Technologies Inc. Reduce -17.7% 0.61% −0.28
ITRI Itron Inc. Reduce -37.2% 0.71% −0.26
FSLR First Solar Inc. Reduce -17.7% 0.72% −0.22
AMRC Ameresco Inc. Class A Reduce -17.7% 0.28% −0.19
NEE Nextera Energy Inc. Reduce -17.7% 0.90% −0.19
JNJ Johnson & Johnson Reduce -1.4% 3.19% −0.18
TXN Texas Instruments Inc. Reduce -1.4% 3.92% −0.17
CME Cme Group Inc. Reduce -1.4% 3.86% −0.16
ENPH Enphase Energy Inc. Reduce -17.7% 0.37% −0.15
HUBB Hubbell Inc. Reduce -27.9% 0.92% −0.14
BLK BlackRock Finance Inc. Reduce -1.4% 3.60% −0.14
THRM Gentherm Inc. Reduce -23.0% 0.55% −0.13
ITW Illinois Tool Works Reduce -1.4% 3.28% −0.13
PAYX Paychex Inc. Reduce -1.4% 3.44% −0.12
PEP Pepsico Inc. Reduce -1.4% 3.32% −0.11
SEDG Solaredge Technologies Inc. Reduce -17.6% 0.16% −0.11
AFL Aflac Inc. Reduce -1.2% 3.95% −0.09
KO The Coca-Cola Co. Reduce -1.4% 2.96% −0.08
CVX Chevron Corp. Reduce -6.1% 0.42% −0.03
ENB Enbridge Inc. Reduce -5.5% 0.23% −0.03
BKR Baker Hughes Co. Reduce -5.5% 0.18% −0.02
EOG EOG Resources Inc. Reduce -6.3% 0.32% −0.02
TPICQ Tpi Composites Inc. Reduce -17.7% 0.02% −0.02
SLB SLB Ltd. Reduce -5.5% 0.31% −0.02
KMI Kinder Morgan Inc. Reduce -5.5% 0.21% −0.01
COP Conocophillips Reduce -5.9% 0.46% −0.01
HAL Halliburton Co. Reduce -5.5% 0.32% −0.01
SPWRQ Sunpower Corp. Reduce -0.4% 0.01% −0.01
HOS Hornbeck Offshore Services I Reduce -5.5% 0.09% −0.01
DVN Devon Energy Corp. Reduce -6.2% 0.27% −0.00
MPWR Monolithic Power Systems Inc. Reduce -12.3% 0.01% −0.00
RJF Raymond James Financial Inc. Reduce -19.1% 0.01% −0.00
NDAQ Nasdaq Inc. Reduce -13.4% 0.01% −0.00
APAM Artisan Partners Asset Ma -A Reduce -8.9% 0.01% −0.00
BX Blackstone Inc. Reduce -2.9% 0.01% −0.00
AMP Ameriprise Financial Inc. Reduce -13.2% 0.01% −0.00
AMG Affiliated Managers Group Reduce -10.8% 0.01% −0.00
ARES Ares Management Corp. Class A Reduce -8.7% 0.01% −0.00
KKR KKR & Co. Inc. Reduce -15.2% 0.01% −0.00
CG The Carlyle Group Inc. Reduce -3.0% 0.01% +0.00
ANET Arista Networks Inc. Reduce -7.5% 0.01% +0.00
SU Suncor Energy Inc. Reduce -5.5% 0.36% +0.01
CNQ Canadian Natural Resources Reduce -6.2% 0.38% +0.01
PXD Pioneer Natural Resources Co. Reduce -5.5% 0.37% +0.02
XOM Exxon Mobil Corp. Reduce -6.3% 0.52% +0.02

Portfolio Buys Q4 2023 → Q1 2024
MSFT Microsoft Corp. Add +0.2% 5.47% +0.34
TSM Taiwan Semiconductor-SP ADR Add +4.9% 1.34% +0.31
META Meta Platforms Inc. Class A Add +9.2% 0.95% +0.28
AMAT Applied Materials Inc. Add +9.2% 0.92% +0.22
LRCX Lam Research Corp. Add +9.2% 0.98% +0.22
KLAC KLA Corp. Add +8.9% 0.95% +0.19
PYPL PayPal Holdings Inc. Add +32.8% 0.63% +0.17
APH Amphenol Corp. Class A Add +9.2% 0.90% +0.16
CRM Salesforce Inc. Add +9.2% 0.86% +0.14
AMZN Amazon.com Inc. Add +9.2% 0.64% +0.12
MA Mastercard Inc. Class A Add +9.2% 0.81% +0.12
V Visa Inc. Class A Add +9.2% 0.73% +0.07
DHR Danaher Corp. Add +9.2% 0.67% +0.07
TMO Thermo Fisher Scientific Inc. Add +9.2% 0.60% +0.07
GOOGL Alphabet Inc. Class A Add +9.2% 0.66% +0.07
ICE Intercontinental Exchange Inc. Add +9.2% 0.70% +0.07
INTU Intuit Inc. Add +9.2% 0.81% +0.06
NKE Nike Inc. Class B Add +35.6% 0.47% +0.05
ROP Roper Technologies Inc. Add +9.2% 0.73% +0.05
NTES Netease Inc.-ADR Add +8.3% 0.17% +0.02
A Agilent Technologies Inc. Add +6.9% 0.01% +0.00
TER Teradyne Inc. Add +6.6% 0.01% +0.00
TROW T Rowe Price Group Inc. Add +0.7% 0.01% +0.00
ZBRA Zebra Technologies Corp. Class A Add +1.2% 0.01% +0.00
CMCSA Comcast Corp. Class A Add +6.4% 0.46% +0.00
KEYS Keysight Technologies Inc. Add +7.0% 0.01% 0.00
SWKS Skyworks Solutions Inc. Add +6.5% 0.01% −0.00
STT State Street Corp. Add +0.8% 0.01% −0.00
RVTY Revvity Inc. Add +2.1% 0.01% −0.00
BEN Franklin Templeton Inc. Add +0.8% 0.01% −0.00
ZM Zoom Communications Inc. Add +6.4% 0.40% −0.03
AAPL Apple Inc. Add +9.2% 0.54% −0.04
ADBE Adobe Inc. Add +9.2% 0.52% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 140$5.9BTXN, CSCO, AVGO, JNJ, ABBV
Q1 2026 143$5.8BJNJ, AVGO, ABBV, AFL, CME
Q4 2025 146$6.2BAVGO, JNJ, CME, MDT, ABBV
Q3 2025 127$6.3BAVGO, MSFT, CME, MDT, ABBV
Q2 2025 103$5.6BAVGO, CSCO, CME, MSFT, BLK
Q1 2025Amended 103$5.3BAJG, CME, CSCO, AFL, ABBV
Q4 2024 106$5.3BBLK, AVGO, CSCO, AFL, CME
Q3 2024 106$5.3BAFL, BLK, AVGO, ABBV, MSFT
Q2 2024 105$4.8BMSFT, AVGO, AJG, AFL, EMR
Q1 2024 109$4.8BMSFT, ABBV, AVGO, EMR, AJG