Guinness Asset Management LTD

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), Guinness Asset Management LTD reported 106 stock positions worth $5.3 billion. Its top holding was Aflac (AFL) at 4.8% of the portfolio, followed by BlackRock Finance (BLK, 4.5%) and Broadcom (AVGO, 4.4%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 31 and reduced 64. The biggest buy was Aflac (AFL, shares +4%) and the biggest sale KLA (KLAC, shares −30%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001409661
Portfolio Value
$5.3B (Q3 2024)
SEC Filing
0001085146-24-004811 ↗ filed Oct 10, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.8B Q1 2024 Q2 2024: $4.8B Q2 2024 Q3 2024: $5.3B $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 106 stocks · $5.3B
AFL Aflac Inc. 4.82% 2,276,325 $254.4M Add +3.8%
BLK BlackRock Finance Inc. 4.50% 250,484 $237.8M Add +4.5%
AVGO Broadcom Inc. 4.35% 1,331,971 $229.8M Add +3.7%
ABBV Abbvie Inc. 4.33% 1,159,779 $228.9M Add +4.6%
MSFT Microsoft Corp. 4.26% 522,876 $224.9M Add +0.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 4.26% 799,231 $224.8M Add +4.6%
CSCO Cisco Systems Inc. 4.25% 4,220,540 $224.6M Add +4.6%
KO The Coca-Cola Co. 4.17% 3,062,037 $220.0M Add +4.6%
CME Cme Group Inc. 4.11% 983,704 $217.0M Add +4.6%
MDLZ Mondelez International Inc. Class A 4.06% 2,912,874 $214.6M Add +4.6%
JNJ Johnson & Johnson 4.06% 1,324,122 $214.5M Add +4.6%
ITW Illinois Tool Works 3.99% 802,886 $210.4M Add +4.6%
PAYX Paychex Inc. 3.98% 1,567,667 $210.3M Add +4.6%
PG The Procter & Gamble Co. 3.89% 1,185,942 $205.4M Add +4.6%
EMR Emerson Electric Co. 3.79% 1,828,480 $200.0M Add +4.6%
TXN Texas Instruments Inc. 3.79% 967,637 $200.0M Add +4.6%
PEP Pepsico Inc. 3.78% 1,175,247 $199.8M Add +4.6%
OTIS Otis Worldwide Corp. 3.64% 1,850,806 $192.4M Add +4.6%
TSM Taiwan Semiconductor-SP ADR 1.16% 352,036 $61.3M Reduce -10.2%
META Meta Platforms Inc. Class A 0.82% 76,066 $43.5M Reduce -11.5%
PYPL PayPal Holdings Inc. 0.81% 549,080 $42.8M Add +17.1%
NFLX Netflix Inc. 0.77% 57,479 $40.8M New
MA Mastercard Inc. Class A 0.77% 82,498 $40.7M Reduce -1.7%
ICE Intercontinental Exchange Inc. 0.76% 248,639 $39.9M Reduce -1.7%
NVDA Nvidia Corp. 0.74% 321,837 $39.1M Reduce -1.7%
HUBB Hubbell Inc. 0.73% 89,776 $38.5M Reduce -8.4%
CRM Salesforce Inc. 0.73% 140,422 $38.4M Reduce -1.7%
NEE Nextera Energy Inc. 0.73% 454,148 $38.4M Reduce -14.6%
INTU Intuit Inc. 0.72% 61,279 $38.1M Reduce -1.7%
DHR Danaher Corp. 0.69% 131,905 $36.7M Reduce -1.7%
APH Amphenol Corp. Class A 0.69% 562,069 $36.6M Reduce -25.7%
TMO Thermo Fisher Scientific Inc. 0.69% 58,889 $36.4M Add +15.2%
AMZN Amazon.com Inc. 0.68% 193,169 $36.0M Add +8.6%
AAPL Apple Inc. 0.68% 154,282 $35.9M Reduce -1.7%
ROP Roper Technologies Inc. 0.67% 63,957 $35.6M Reduce -1.7%
GOOGL Alphabet Inc. Class A 0.67% 213,323 $35.4M Reduce -1.7%
V Visa Inc. Class A 0.67% 128,453 $35.3M Reduce -1.7%
AMAT Applied Materials Inc. 0.65% 170,433 $34.4M Reduce -18.5%
KLAC KLA Corp. 0.64% 43,883 $34.0M Reduce -30.2%
ADBE Adobe Inc. 0.64% 65,474 $33.9M Add +28.6%
LRCX Lam Research Corp. 0.61% 39,207 $32.0M Reduce -11.9%
FSLR First Solar Inc. 0.57% 120,845 $30.2M Reduce -8.4%
ITRI Itron Inc. 0.54% 265,284 $28.3M Reduce -8.4%
ORA Ormat Technologies Inc. 0.53% 360,569 $27.7M Reduce -8.4%
OC Owens Corning 0.52% 154,601 $27.3M Reduce -12.6%
ON On Semiconductor 0.50% 364,394 $26.5M Reduce -8.4%
IBP Installed Building Products 0.50% 106,221 $26.2M Reduce -13.8%
XOM Exxon Mobil Corp. 0.41% 185,935 $21.7M Reduce -15.0%
CVX Chevron Corp. 0.37% 134,419 $19.7M Reduce -14.1%
AMRC Ameresco Inc. Class A 0.37% 511,530 $19.4M Reduce -8.4%
COP Conocophillips 0.32% 160,734 $16.9M Reduce -14.1%
CSIQ Canadian Solar Inc. 0.31% 966,208 $16.2M Reduce -8.4%
THRM Gentherm Inc. 0.30% 340,382 $15.9M Reduce -8.4%
ENPH Enphase Energy Inc. 0.29% 136,896 $15.5M Reduce -5.3%
IMO Imperial Oil Ltd. 0.28% 212,108 $14.9M Reduce -16.9%
VLO Valero Energy Corp. 0.28% 108,432 $14.7M Reduce -14.1%
SU Suncor Energy Inc. 0.27% 387,922 $14.3M Reduce -14.1%
CNQ Canadian Natural Resources 0.25% 396,541 $13.2M Reduce -14.1%
EOG EOG Resources Inc. 0.25% 106,843 $13.1M Reduce -14.1%
FANG Diamondback Energy Inc. 0.24% 74,132 $12.7M Reduce -14.1%
ENB Enbridge Inc. 0.23% 295,354 $12.0M Reduce -14.1%
KMI Kinder Morgan Inc. 0.22% 529,404 $11.7M Reduce -14.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.22% 273,866 $11.5M Reduce -14.1%
CVE Cenovus Energy Inc. 0.21% 669,837 $11.2M Reduce -14.2%
HAL Halliburton Co. 0.19% 354,183 $10.3M Reduce -14.1%
DVN Devon Energy Corp. 0.19% 258,398 $10.1M Reduce -14.1%
BKR Baker Hughes Co. 0.16% 235,254 $8.5M Reduce -14.1%
NTES Netease Inc.-ADR 0.15% 86,741 $8.1M Add +16.7%
QCOM Qualcomm Inc. 0.12% 38,520 $6.6M Reduce -2.9%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.07% 345,393 $3.8M Reduce -14.1%
SEDG Solaredge Technologies Inc. 0.04% 99,990 $2.3M Reduce -8.4%
TPICQ Tpi Composites Inc. 0.03% 359,866 $1.6M Reduce -8.4%
ADUS Addus Homecare Corp. 0.01% 4,663 $620K Reduce -6.8%
TER Teradyne Inc. 0.01% 4,610 $618K No change
MPWR Monolithic Power Systems Inc. 0.01% 667 $617K Reduce -14.7%
TTEK Tetra Tech Inc. 0.01% 13,085 $617K No change
ANET Arista Networks Inc. 0.01% 1,605 $616K Reduce -16.3%
ZBRA Zebra Technologies Corp. Class A 0.01% 1,655 $613K Add +5.9%
KKR KKR & Co. Inc. 0.01% 4,638 $606K Reduce -10.2%
EW Edwards Lifesciences Corp. 0.01% 8,798 $581K Add +45.2%
AOS Smith (a.o.) Corp. 0.01% 6,449 $579K No change
A Agilent Technologies Inc. 0.01% 3,892 $578K Add +6.1%
ARES Ares Management Corp. Class A 0.01% 3,532 $550K Reduce -10.2%
KEYS Keysight Technologies Inc. 0.01% 3,399 $540K Add +6.5%
FTV Fortive Corp. 0.01% 6,816 $538K Add +6.1%
BX Blackstone Inc. 0.01% 3,465 $531K Reduce -10.2%
CDNS Cadence Design SYS Inc. 0.01% 1,843 $500K No change
IEX Idex Corp. 0.01% 2,315 $497K Add +6.7%
AMP Ameriprise Financial Inc. 0.01% 1,050 $493K Reduce -10.2%
RVTY Revvity Inc. 0.01% 3,863 $493K Add +7.7%
SWKS Skyworks Solutions Inc. 0.01% 4,962 $490K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 2,776 $490K Add +6.7%
WMS Advanced Drainage Systems Inc. 0.01% 3,057 $481K New
NDAQ Nasdaq Inc. 0.01% 6,544 $478K Reduce -10.2%
ENTG Entegris Inc. 0.01% 4,077 $459K No change
CG The Carlyle Group Inc. 0.01% 9,606 $414K Reduce -10.2%
STT State Street Corp. 0.01% 4,637 $410K Reduce -10.2%
RJF Raymond James Financial Inc. 0.01% 3,248 $398K Reduce -10.2%
AMG Affiliated Managers Group 0.01% 2,007 $357K Reduce -10.2%
APAM Artisan Partners Asset Ma -A 0.01% 6,844 $296K Reduce -10.2%
BIDU Baidu Inc. - Spon ADR 0.00% 2,360 $248K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.00% 2,273 $248K Reduce -10.2%
BEN Franklin Templeton Inc. 0.00% 11,120 $224K Reduce -10.2%
JD Jd.com Inc.-ADR 0.00% 4,080 $163K No change
BABA Alibaba Group Holding-SP ADR 0.00% 380 $40K Reduce -43.3%
ATHM Autohome Inc.-ADR 0.00% 800 $26K No change

Portfolio Sells Q2 2024 → Q3 2024
KLAC KLA Corp. Reduce -30.2% 0.64% −0.43
NKE Nike Inc. Class B Sold out 0.00% −0.39
LRCX Lam Research Corp. Reduce -11.9% 0.61% −0.37
AMAT Applied Materials Inc. Reduce -18.5% 0.65% −0.37
APH Amphenol Corp. Class A Reduce -25.7% 0.69% −0.36
TSM Taiwan Semiconductor-SP ADR Reduce -10.2% 1.16% −0.24
GOOGL Alphabet Inc. Class A Reduce -1.7% 0.67% −0.15
CVX Chevron Corp. Reduce -14.1% 0.37% −0.13
VLO Valero Energy Corp. Reduce -14.1% 0.28% −0.13
INTU Intuit Inc. Reduce -1.7% 0.72% −0.12
COP Conocophillips Reduce -14.1% 0.32% −0.12
OC Owens Corning Reduce -12.6% 0.52% −0.12
FANG Diamondback Energy Inc. Reduce -14.1% 0.24% −0.11
XOM Exxon Mobil Corp. Reduce -15.0% 0.41% −0.11
CVE Cenovus Energy Inc. Reduce -14.2% 0.21% −0.10
DVN Devon Energy Corp. Reduce -14.1% 0.19% −0.10
NVDA Nvidia Corp. Reduce -1.7% 0.74% −0.09
HAL Halliburton Co. Reduce -14.1% 0.19% −0.09
SLB SLB Ltd. Reduce -14.1% 0.22% −0.09
CNQ Canadian Natural Resources Reduce -14.1% 0.25% −0.09
SU Suncor Energy Inc. Reduce -14.1% 0.27% −0.08
ROP Roper Technologies Inc. Reduce -1.7% 0.67% −0.08
THRM Gentherm Inc. Reduce -8.4% 0.30% −0.08
IMO Imperial Oil Ltd. Reduce -16.9% 0.28% −0.08
EOG EOG Resources Inc. Reduce -14.1% 0.25% −0.07
META Meta Platforms Inc. Class A Reduce -11.5% 0.82% −0.07
ON On Semiconductor Reduce -8.4% 0.50% −0.06
ORA Ormat Technologies Inc. Reduce -8.4% 0.53% −0.06
ITRI Itron Inc. Reduce -8.4% 0.54% −0.06
NEE Nextera Energy Inc. Reduce -14.6% 0.73% −0.05
FSLR First Solar Inc. Reduce -8.4% 0.57% −0.04
V Visa Inc. Class A Reduce -1.7% 0.67% −0.04
QCOM Qualcomm Inc. Reduce -2.9% 0.12% −0.04
BKR Baker Hughes Co. Reduce -14.1% 0.16% −0.04
KMI Kinder Morgan Inc. Reduce -14.1% 0.22% −0.03
CRM Salesforce Inc. Reduce -1.7% 0.73% −0.03
IBP Installed Building Products Reduce -13.8% 0.50% −0.03
HOS Hornbeck Offshore Services I Reduce -14.1% 0.07% −0.03
ENB Enbridge Inc. Reduce -14.1% 0.23% −0.03
CSIQ Canadian Solar Inc. Reduce -8.4% 0.31% −0.01
SEDG Solaredge Technologies Inc. Reduce -8.4% 0.04% −0.01
HUBB Hubbell Inc. Reduce -8.4% 0.73% −0.01
ENPH Enphase Energy Inc. Reduce -5.3% 0.29% −0.00
ANET Arista Networks Inc. Reduce -16.3% 0.01% −0.00
AAPL Apple Inc. Reduce -1.7% 0.68% −0.00
RJF Raymond James Financial Inc. Reduce -10.2% 0.01% −0.00
MPWR Monolithic Power Systems Inc. Reduce -14.7% 0.01% −0.00
BEN Franklin Templeton Inc. Reduce -10.2% 0.00% −0.00
TPICQ Tpi Composites Inc. Reduce -8.4% 0.03% −0.00
TROW T Rowe Price Group Inc. Reduce -10.2% 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
AFL Aflac Inc. Add +3.8% 4.82% +0.78
NFLX Netflix Inc. New 0.77% +0.77
BLK BlackRock Finance Inc. Add +4.5% 4.50% +0.61
ABBV Abbvie Inc. Add +4.6% 4.33% +0.41
KO The Coca-Cola Co. Add +4.6% 4.17% +0.32
PAYX Paychex Inc. Add +4.6% 3.98% +0.32
MDLZ Mondelez International Inc. Class A Add +4.6% 4.06% +0.30
CSCO Cisco Systems Inc. Add +4.6% 4.25% +0.30
CME Cme Group Inc. Add +4.6% 4.11% +0.29
PYPL PayPal Holdings Inc. Add +17.1% 0.81% +0.25
JNJ Johnson & Johnson Add +4.6% 4.06% +0.24
ITW Illinois Tool Works Add +4.6% 3.99% +0.23
AJG Arthur J Gallagher & Co. Add +4.6% 4.26% +0.17
OTIS Otis Worldwide Corp. Add +4.6% 3.64% +0.13
TMO Thermo Fisher Scientific Inc. Add +15.2% 0.69% +0.11
AVGO Broadcom Inc. Add +3.7% 4.35% +0.10
TXN Texas Instruments Inc. Add +4.6% 3.79% +0.07
ADBE Adobe Inc. Add +28.6% 0.64% +0.06
PG The Procter & Gamble Co. Add +4.6% 3.89% +0.03
WMS Advanced Drainage Systems Inc. New 0.01% +0.01
NTES Netease Inc.-ADR Add +16.7% 0.15% +0.01
RVTY Revvity Inc. Add +7.7% 0.01% +0.00
ZBRA Zebra Technologies Corp. Class A Add +5.9% 0.01% +0.00
KEYS Keysight Technologies Inc. Add +6.5% 0.01% +0.00
A Agilent Technologies Inc. Add +6.1% 0.01% +0.00
FTV Fortive Corp. Add +6.1% 0.01% +0.00
JKHY Jack Henry & Associates Inc. Add +6.7% 0.01% +0.00
IEX Idex Corp. Add +6.7% 0.01% +0.00
EW Edwards Lifesciences Corp. Add +45.2% 0.01% −0.00
AMZN Amazon.com Inc. Add +8.6% 0.68% −0.03
PEP Pepsico Inc. Add +4.6% 3.78% −0.04
EMR Emerson Electric Co. Add +4.6% 3.79% −0.19
MSFT Microsoft Corp. Add +0.3% 4.26% −0.55

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