Guinness Asset Management LTD

Name: Guinness Asset Management LTD 13F holdings, Q1 2025
Creator: Guinness Asset Management LTD
Published: 2025-05-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Guinness Asset Management LTD reported 103 stock positions worth $5.3 billion. Its top holding was Arthur J Gallagher (AJG) at 5.4% of the portfolio, followed by Cme (CME, 5.1%) and Cisco Systems (CSCO, 5.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 5, added to 27 and reduced 74. The biggest buy was Amphenol Class A (APH, shares +38%) and the biggest sale Broadcom (AVGO, shares −2%).

Most Recent 13F: Q2 2026
Location: LONDON, X0
CIK: 0001409661
Portfolio Value: $5.3B (Q1 2025)
SEC Filing: 0001085146-25-003021 ↗ filed May 13, 2025

Holdings Value

Holdings 103 stocks · $5.3B


AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	5.37%	819,048	$282.6M	Reduce -2.6%
CME Cme Group Inc.	5.08%	1,008,210	$267.3M	Reduce -2.6%
CSCO Cisco Systems Inc.	5.07%	4,325,702	$266.8M	Reduce -2.6%
AFL Aflac Inc.	4.95%	2,340,289	$260.1M	Reduce -2.3%
ABBV Abbvie Inc.	4.73%	1,188,450	$248.8M	Reduce -2.6%
PAYX Paychex Inc.	4.71%	1,606,726	$247.6M	Reduce -2.6%
BLK BlackRock Inc.	4.62%	256,922	$243.2M	Reduce -2.6%
JNJ Johnson & Johnson	4.28%	1,357,113	$224.9M	Reduce -2.6%
KO The Coca-Cola Co.	4.27%	3,138,333	$224.6M	Reduce -2.6%
PG The Procter & Gamble Co.	3.94%	1,215,379	$207.0M	Reduce -2.6%
MSFT Microsoft Corp.	3.91%	547,320	$205.5M	Reduce -1.3%
EMR Emerson Electric Co.	3.91%	1,873,860	$205.4M	Reduce -2.6%
ITW Illinois Tool Works	3.88%	822,888	$204.0M	Reduce -2.6%
MDLZ Mondelez International Inc. Class A	3.85%	2,985,453	$202.5M	Reduce -2.6%
OTIS Otis Worldwide Corp.	3.72%	1,896,917	$195.7M	Reduce -2.6%
AVGO Broadcom Inc.	3.55%	1,114,242	$186.6M	Reduce -2.2%
PEP Pepsico Inc.	3.43%	1,204,528	$180.6M	Reduce -2.6%
TXN Texas Instruments Inc.	3.39%	991,744	$178.1M	Reduce -2.6%
TSM Taiwan Semiconductor-SP ADR	1.24%	394,273	$65.4M	Add +3.1%
APH Amphenol Corp. Class A	1.06%	852,824	$56.0M	Add +38.0%
MA Mastercard Inc. Class A	0.99%	95,465	$52.3M	Add +5.3%
V Visa Inc. Class A	0.99%	148,649	$52.1M	Add +5.3%
ICE Intercontinental Exchange Inc.	0.94%	287,735	$49.6M	Add +5.3%
NFLX Netflix Inc.	0.91%	51,136	$47.7M	Add +5.3%
AME Ametek Inc.	0.87%	267,270	$46.0M	Add +5.3%
ROP Roper Technologies Inc.	0.83%	74,008	$43.6M	Add +5.3%
META Meta Platforms Inc. Class A	0.83%	75,532	$43.5M	Add +5.3%
INTU Intuit Inc.	0.83%	70,908	$43.5M	Add +5.3%
AMZN Amazon.com Inc.	0.81%	223,542	$42.5M	Add +5.3%
KLAC KLA Corp.	0.77%	59,738	$40.6M	Add +5.3%
NVDA Nvidia Corp.	0.77%	372,448	$40.4M	Add +5.3%
AAPL Apple Inc.	0.75%	178,541	$39.6M	Add +5.3%
GOOGL Alphabet Inc. Class A	0.73%	246,867	$38.2M	Add +5.3%
TMO Thermo Fisher Scientific Inc.	0.71%	75,551	$37.6M	Add +5.3%
LRCX Lam Research Corp.	0.70%	507,622	$36.9M	Add +5.3%
CRM Salesforce Inc.	0.68%	133,235	$35.8M	Add +5.3%
DHR Danaher Corp.	0.67%	171,960	$35.3M	Add +5.3%
ADBE Adobe Inc.	0.64%	88,006	$33.8M	Add +5.3%
AMAT Applied Materials Inc.	0.63%	229,266	$33.3M	Add +5.3%
NEE Nextera Energy Inc.	0.36%	268,485	$19.0M	Reduce -22.1%
HUBB Hubbell Inc.	0.30%	47,927	$15.9M	Reduce -19.9%
CVX Chevron Corp.	0.28%	89,753	$15.0M	Reduce -23.0%
ITRI Itron Inc.	0.27%	137,196	$14.4M	Reduce -28.9%
XOM Exxon Mobil Corp.	0.27%	118,590	$14.1M	Reduce -19.5%
ORA Ormat Technologies Inc.	0.26%	194,698	$13.8M	Reduce -26.7%
COP Conocophillips	0.22%	112,326	$11.7M	Reduce -19.6%
KMI Kinder Morgan Inc.	0.20%	373,936	$10.6M	Reduce -18.7%
SU Suncor Energy Inc.	0.20%	272,114	$10.5M	Reduce -19.3%
CSL Carlisle Cos Inc.	0.20%	30,300	$10.3M	New
IBP Installed Building Products	0.19%	58,404	$10.0M	Reduce -27.5%
VLO Valero Energy Corp.	0.19%	75,804	$10.0M	Reduce -19.6%
OC Owens Corning	0.19%	69,274	$9.9M	Reduce -38.3%
NTES Netease Inc.-ADR	0.19%	95,102	$9.8M	Add +8.7%
IMO Imperial Oil Ltd.	0.18%	133,325	$9.6M	Reduce -19.4%
EOG EOG Resources Inc.	0.18%	74,942	$9.6M	Reduce -19.3%
ENB Enbridge Inc.	0.18%	207,871	$9.2M	Reduce -19.0%
FSLR First Solar Inc.	0.17%	71,754	$9.1M	Reduce -21.6%
CNQ Canadian Natural Resources	0.16%	279,683	$8.6M	Reduce -19.5%
ON On Semiconductor	0.16%	206,701	$8.4M	Reduce -21.6%
FANG Diamondback Energy Inc.	0.16%	51,723	$8.2M	Reduce -19.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.15%	191,605	$8.0M	Reduce -19.5%
QCOM Qualcomm Inc.	0.14%	49,631	$7.6M	Add +8.8%
BKR Baker Hughes Co.	0.14%	166,035	$7.3M	Reduce -18.8%
DVN Devon Energy Corp.	0.13%	179,847	$6.7M	Reduce -19.9%
ENPH Enphase Energy Inc.	0.12%	104,946	$6.5M	Reduce -2.6%
CVE Cenovus Energy Inc.	0.12%	465,892	$6.5M	Reduce -20.0%
HAL Halliburton Co.	0.12%	246,291	$6.2M	Reduce -20.0%
CSIQ Canadian Solar Inc.	0.09%	573,722	$5.0M	Reduce -21.6%
AMRC Ameresco Inc. Class A	0.07%	303,165	$3.7M	Reduce -21.8%
THRM Gentherm Inc.	0.06%	121,616	$3.3M	Reduce -49.0%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I	0.04%	240,866	$2.0M	Reduce -19.8%
NDAQ Nasdaq Inc.	0.01%	10,001	$759K	Reduce -7.9%
AMP Ameriprise Financial Inc.	0.01%	1,496	$724K	Reduce -9.2%
ARES Ares Management Corp. Class A	0.01%	4,619	$677K	Reduce -13.0%
BX Blackstone Inc.	0.01%	4,588	$641K	Reduce -6.1%
STT State Street Corp.	0.01%	7,047	$631K	Reduce -8.4%
KKR KKR & Co. Inc.	0.01%	5,260	$608K	Reduce -9.1%
RJF Raymond James Financial Inc.	0.01%	4,023	$559K	Reduce -8.9%
CG The Carlyle Group Inc.	0.01%	12,129	$529K	Reduce -11.6%
AMG Affiliated Managers Group	0.01%	3,122	$525K	Reduce -6.1%
EW Edwards Lifesciences Corp.	0.01%	6,400	$463K	Reduce -15.9%
FTV Fortive Corp.	0.01%	6,039	$442K	Reduce -14.2%
MPWR Monolithic Power Systems Inc.	0.01%	761	$441K	Reduce -14.5%
RVTY Revvity Inc.	0.01%	3,988	$422K	Reduce -12.6%
APAM Artisan Partners Asset Ma -A	0.01%	10,664	$417K	Reduce -6.1%
KEYS Keysight Technologies Inc.	0.01%	2,742	$411K	Reduce -13.0%
ENTG Entegris Inc.	0.01%	4,668	$409K	Reduce -8.1%
WMS Advanced Drainage Systems Inc.	0.01%	3,640	$395K	Reduce -13.9%
CDNS Cadence Design SYS Inc.	0.01%	1,524	$388K	Reduce -12.3%
IEX Idex Corp.	0.01%	2,079	$376K	Reduce -13.7%
A Agilent Technologies Inc.	0.01%	3,142	$367K	Reduce -19.2%
ADUS Addus Homecare Corp.	0.01%	3,577	$353K	Reduce -20.4%
ANET Arista Networks Inc.	0.01%	4,491	$348K	Reduce -12.0%
BEN Franklin Templeton Inc.	0.01%	17,325	$334K	Reduce -6.1%
ZBRA Zebra Technologies Corp. Class A	0.01%	1,163	$328K	Reduce -12.8%
TTEK Tetra Tech Inc.	0.01%	11,214	$328K	Reduce -12.3%
TER Teradyne Inc.	0.01%	3,962	$327K	Reduce -12.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.01%	3,540	$325K	Reduce -6.1%
VRT Vertiv Holdings Co. Class A	0.01%	4,211	$304K	New
BIDU Baidu Inc. - Spon ADR	0.00%	2,682	$247K	Add +13.6%

Show all 103 holdings

Portfolio Sells Q4 2024 → Q1 2025


AVGO Broadcom Inc.	Reduce -2.2%	3.55%	−1.42
EMR Emerson Electric Co.	Reduce -2.6%	3.91%	−0.58
MSFT Microsoft Corp.	Reduce -1.3%	3.91%	−0.48
BLK BlackRock Inc.	Reduce -2.6%	4.62%	−0.46
TXN Texas Instruments Inc.	Reduce -2.6%	3.39%	−0.20
OC Owens Corning	Reduce -38.3%	0.19%	−0.17
HUBB Hubbell Inc.	Reduce -19.9%	0.30%	−0.17
ON On Semiconductor	Reduce -21.6%	0.16%	−0.15
ITW Illinois Tool Works	Reduce -2.6%	3.88%	−0.15
FSLR First Solar Inc.	Reduce -21.6%	0.17%	−0.13
ITRI Itron Inc.	Reduce -28.9%	0.27%	−0.12
THRM Gentherm Inc.	Reduce -49.0%	0.06%	−0.12
NEE Nextera Energy Inc.	Reduce -22.1%	0.36%	−0.10
AMRC Ameresco Inc. Class A	Reduce -21.8%	0.07%	−0.10
PEP Pepsico Inc.	Reduce -2.6%	3.43%	−0.10
ORA Ormat Technologies Inc.	Reduce -26.7%	0.26%	−0.08
IBP Installed Building Products	Reduce -27.5%	0.19%	−0.07
CSIQ Canadian Solar Inc.	Reduce -21.6%	0.09%	−0.06
CVE Cenovus Energy Inc.	Reduce -20.0%	0.12%	−0.04
FANG Diamondback Energy Inc.	Reduce -19.7%	0.16%	−0.04
HAL Halliburton Co.	Reduce -20.0%	0.12%	−0.04
CNQ Canadian Natural Resources	Reduce -19.5%	0.16%	−0.04
COP Conocophillips	Reduce -19.6%	0.22%	−0.04
KMI Kinder Morgan Inc.	Reduce -18.7%	0.20%	−0.03
CVX Chevron Corp.	Reduce -23.0%	0.28%	−0.03
EOG EOG Resources Inc.	Reduce -19.3%	0.18%	−0.03
XOM Exxon Mobil Corp.	Reduce -19.5%	0.27%	−0.03
ENB Enbridge Inc.	Reduce -19.0%	0.18%	−0.03
VLO Valero Energy Corp.	Reduce -19.6%	0.19%	−0.03
SU Suncor Energy Inc.	Reduce -19.3%	0.20%	−0.03
BKR Baker Hughes Co.	Reduce -18.8%	0.14%	−0.02
SEDG Solaredge Technologies Inc.	Sold out	0.00%	−0.02
SLB SLB Ltd.	Reduce -19.5%	0.15%	−0.02
ENPH Enphase Energy Inc.	Reduce -2.6%	0.12%	−0.02
HOS Hornbeck Offshore Services I	Reduce -19.8%	0.04%	−0.01
JKHY Jack Henry & Associates Inc.	Sold out	0.00%	−0.01
DVN Devon Energy Corp.	Reduce -19.9%	0.13%	−0.01
AOS Smith (a.o.) Corp.	Sold out	0.00%	−0.01
TPICQ Tpi Composites Inc.	Sold out	0.00%	−0.01
IMO Imperial Oil Ltd.	Reduce -19.4%	0.18%	−0.01
SWKS Skyworks Solutions Inc.	Sold out	0.00%	−0.01
ARES Ares Management Corp. Class A	Reduce -13.0%	0.01%	−0.00
KKR KKR & Co. Inc.	Reduce -9.1%	0.01%	−0.00
TER Teradyne Inc.	Reduce -12.3%	0.01%	−0.00
ANET Arista Networks Inc.	Reduce -12.0%	0.01%	−0.00
ADUS Addus Homecare Corp.	Reduce -20.4%	0.01%	−0.00
BX Blackstone Inc.	Reduce -6.1%	0.01%	−0.00
ZBRA Zebra Technologies Corp. Class A	Reduce -12.8%	0.01%	−0.00
TTEK Tetra Tech Inc.	Reduce -12.3%	0.01%	−0.00
CG The Carlyle Group Inc.	Reduce -11.6%	0.01%	−0.00

Portfolio Buys Q4 2024 → Q1 2025


APH Amphenol Corp. Class A	Add +38.0%	1.06%	+0.26
CSL Carlisle Cos Inc.	New	0.20%	+0.20
ICE Intercontinental Exchange Inc.	Add +5.3%	0.94%	+0.18
V Visa Inc. Class A	Add +5.3%	0.99%	+0.15
ROP Roper Technologies Inc.	Add +5.3%	0.83%	+0.14
KLAC KLA Corp.	Add +5.3%	0.77%	+0.10
MA Mastercard Inc. Class A	Add +5.3%	0.99%	+0.10
NFLX Netflix Inc.	Add +5.3%	0.91%	+0.09
LRCX Lam Research Corp.	Add +5.3%	0.70%	+0.05
NTES Netease Inc.-ADR	Add +8.7%	0.19%	+0.04
META Meta Platforms Inc. Class A	Add +5.3%	0.83%	+0.04
INTU Intuit Inc.	Add +5.3%	0.83%	+0.03
AME Ametek Inc.	Add +5.3%	0.87%	+0.01
QCOM Qualcomm Inc.	Add +8.8%	0.14%	+0.01
TMO Thermo Fisher Scientific Inc.	Add +5.3%	0.71%	+0.01
VRT Vertiv Holdings Co. Class A	New	0.01%	+0.01
BIDU Baidu Inc. - Spon ADR	Add +13.6%	0.00%	+0.00
JD Jd.com Inc.-ADR	Add +13.6%	0.00%	+0.00
ATHM Autohome Inc.-ADR	Add +147.3%	0.00%	+0.00
BABA Alibaba Group Holding-SP ADR	Add +30.8%	0.00%	+0.00
AMAT Applied Materials Inc.	Add +5.3%	0.63%	−0.03
DHR Danaher Corp.	Add +5.3%	0.67%	−0.03
AAPL Apple Inc.	Add +5.3%	0.75%	−0.04
ADBE Adobe Inc.	Add +5.3%	0.64%	−0.06
AMZN Amazon.com Inc.	Add +5.3%	0.81%	−0.07
GOOGL Alphabet Inc. Class A	Add +5.3%	0.73%	−0.11
CRM Salesforce Inc.	Add +5.3%	0.68%	−0.12
NVDA Nvidia Corp.	Add +5.3%	0.77%	−0.13
TSM Taiwan Semiconductor-SP ADR	Add +3.1%	1.24%	−0.18

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	140	$5.9B	TXN, CSCO, AVGO, JNJ, ABBV
Q1 2026	143	$5.8B	JNJ, AVGO, ABBV, AFL, CME
Q4 2025	146	$6.2B	AVGO, JNJ, CME, MDT, ABBV
Q3 2025	127	$6.3B	AVGO, MSFT, CME, MDT, ABBV
Q2 2025	103	$5.6B	AVGO, CSCO, CME, MSFT, BLK
Q1 2025Amended	103	$5.3B	AJG, CME, CSCO, AFL, ABBV
Q4 2024	106	$5.3B	BLK, AVGO, CSCO, AFL, CME
Q3 2024	106	$5.3B	AFL, BLK, AVGO, ABBV, MSFT
Q2 2024	105	$4.8B	MSFT, AVGO, AJG, AFL, EMR
Q1 2024	109	$4.8B	MSFT, ABBV, AVGO, EMR, AJG