Guinness Asset Management LTD

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Guinness Asset Management LTD reported 103 stock positions worth $5.6 billion. Its top holding was Broadcom (AVGO) at 5.5% of the portfolio, followed by Cisco Systems (CSCO, 5.4%) and Cme (CME, 5.0%). Compared with Q1 2025, it opened 1 new position, sold out of 2, added to 42 and reduced 60. The biggest buy was Broadcom (AVGO, shares +1%) and the biggest sale Thermo Fisher Scientific (TMO, shares −2%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001409661
Portfolio Value
$5.6B (Q2 2025)
SEC Filing
0001085146-25-004423 ↗ filed Aug 1, 2025

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 Q3 2024 Q4 2024: $5.3B Q4 2024 Q1 2025: $5.3B Q1 2025 Q2 2025: $5.6B $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 103 stocks · $5.6B
AVGO Broadcom Inc. 5.54% 1,124,401 $309.7M Add +0.9%
CSCO Cisco Systems Inc. 5.45% 4,389,728 $304.5M Add +1.5%
CME Cme Group Inc. 5.05% 1,023,131 $282.0M Add +1.5%
MSFT Microsoft Corp. 4.91% 551,934 $274.5M Add +0.8%
BLK BlackRock Inc. 4.90% 260,729 $273.6M Add +1.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 4.76% 831,166 $266.0M Add +1.5%
EMR Emerson Electric Co. 4.54% 1,901,595 $253.5M Add +1.5%
AFL Aflac Inc. 4.48% 2,372,484 $250.2M Add +1.4%
PAYX Paychex Inc. 4.24% 1,630,507 $237.1M Add +1.5%
KO The Coca-Cola Co. 4.03% 3,184,783 $225.3M Add +1.5%
ABBV Abbvie Inc. 4.00% 1,206,025 $223.7M Add +1.5%
JNJ Johnson & Johnson 3.76% 1,377,201 $210.4M Add +1.5%
TXN Texas Instruments Inc. 3.74% 1,006,421 $209.0M Add +1.5%
ITW Illinois Tool Works 3.70% 835,068 $206.5M Add +1.5%
MDLZ Mondelez International Inc. Class A 3.66% 3,029,642 $204.4M Add +1.5%
PG The Procter & Gamble Co. 3.52% 1,233,364 $196.5M Add +1.5%
OTIS Otis Worldwide Corp. 3.41% 1,925,000 $190.5M Add +1.5%
PEP Pepsico Inc. 2.89% 1,222,356 $161.4M Add +1.5%
TSM Taiwan Semiconductor-SP ADR 1.59% 391,363 $88.8M Reduce -0.7%
APH Amphenol Corp. Class A 1.28% 724,311 $71.5M Reduce -15.1%
NFLX Netflix Inc. 1.07% 44,584 $59.7M Reduce -12.8%
NVDA Nvidia Corp. 1.03% 364,975 $57.7M Reduce -2.0%
INTU Intuit Inc. 0.98% 69,482 $54.7M Reduce -2.0%
META Meta Platforms Inc. Class A 0.98% 74,013 $54.6M Reduce -2.0%
MA Mastercard Inc. Class A 0.94% 93,546 $52.6M Reduce -2.0%
KLAC KLA Corp. 0.94% 58,537 $52.4M Reduce -2.0%
ICE Intercontinental Exchange Inc. 0.93% 281,958 $51.7M Reduce -2.0%
V Visa Inc. Class A 0.93% 145,662 $51.7M Reduce -2.0%
LRCX Lam Research Corp. 0.87% 497,423 $48.4M Reduce -2.0%
AMZN Amazon.com Inc. 0.86% 219,053 $48.1M Reduce -2.0%
AME Ametek Inc. 0.85% 261,903 $47.4M Reduce -2.0%
GOOGL Alphabet Inc. Class A 0.76% 241,910 $42.6M Reduce -2.0%
ROP Roper Technologies Inc. 0.74% 73,232 $41.5M Reduce -1.1%
AMAT Applied Materials Inc. 0.74% 224,688 $41.1M Reduce -2.0%
DHR Danaher Corp. 0.70% 196,674 $38.9M Add +14.4%
AAPL Apple Inc. 0.64% 174,955 $35.9M Reduce -2.0%
CRM Salesforce Inc. 0.64% 130,558 $35.6M Reduce -2.0%
ADBE Adobe Inc. 0.60% 86,236 $33.4M Reduce -2.0%
TMO Thermo Fisher Scientific Inc. 0.54% 74,032 $30.0M Reduce -2.0%
HUBB Hubbell Inc. 0.28% 38,298 $15.6M Reduce -20.1%
NEE Nextera Energy Inc. 0.25% 200,328 $13.9M Reduce -25.4%
ITRI Itron Inc. 0.23% 98,523 $13.0M Reduce -28.2%
ORA Ormat Technologies Inc. 0.22% 145,611 $12.2M Reduce -25.2%
CVX Chevron Corp. 0.21% 81,117 $11.6M Reduce -9.6%
XOM Exxon Mobil Corp. 0.21% 106,849 $11.6M Reduce -9.9%
KMI Kinder Morgan Inc. 0.18% 337,108 $9.9M Reduce -9.8%
IMO Imperial Oil Ltd. 0.17% 120,149 $9.5M Reduce -9.9%
NTES Netease Inc.-ADR 0.17% 70,514 $9.5M Reduce -25.9%
FSLR First Solar Inc. 0.17% 57,202 $9.4M Reduce -20.3%
VLO Valero Energy Corp. 0.16% 68,342 $9.2M Reduce -9.8%
SU Suncor Energy Inc. 0.16% 245,325 $9.2M Reduce -9.8%
COP Conocophillips 0.16% 101,250 $9.1M Reduce -9.9%
CSL Carlisle Cos Inc. 0.16% 24,184 $9.0M Reduce -20.2%
QCOM Qualcomm Inc. 0.16% 55,410 $8.8M Add +11.6%
ON On Semiconductor 0.15% 164,946 $8.6M Reduce -20.2%
ENB Enbridge Inc. 0.15% 187,398 $8.5M Reduce -9.8%
IBP Installed Building Products 0.15% 46,451 $8.4M Reduce -20.5%
EOG EOG Resources Inc. 0.15% 67,564 $8.1M Reduce -9.8%
CNQ Canadian Natural Resources 0.14% 252,613 $7.9M Reduce -9.7%
OC Owens Corning 0.14% 55,103 $7.6M Reduce -20.5%
FANG Diamondback Energy Inc. 0.12% 46,628 $6.4M Reduce -9.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.10% 172,736 $5.9M Reduce -9.8%
BKR Baker Hughes Co. 0.10% 149,694 $5.7M Reduce -9.8%
CVE Cenovus Energy Inc. 0.10% 419,975 $5.7M Reduce -9.9%
DVN Devon Energy Corp. 0.09% 162,112 $5.2M Reduce -9.9%
HAL Halliburton Co. 0.08% 222,036 $4.5M Reduce -9.8%
CSIQ Canadian Solar Inc. 0.08% 393,116 $4.3M Reduce -31.5%
AMRC Ameresco Inc. Class A 0.07% 242,304 $3.7M Reduce -20.1%
ENPH Enphase Energy Inc. 0.05% 77,085 $3.1M Reduce -26.6%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.02% 217,444 $1.4M Reduce -9.7%
NDAQ Nasdaq Inc. 0.02% 9,767 $873K Reduce -2.3%
ARES Ares Management Corp. Class A 0.01% 4,728 $819K Add +2.4%
AMP Ameriprise Financial Inc. 0.01% 1,532 $818K Add +2.4%
STT State Street Corp. 0.01% 7,214 $767K Add +2.4%
KKR KKR & Co. Inc. 0.01% 5,385 $716K Add +2.4%
BX Blackstone Inc. 0.01% 4,697 $703K Add +2.4%
CG The Carlyle Group Inc. 0.01% 12,417 $638K Add +2.4%
RJF Raymond James Financial Inc. 0.01% 4,118 $632K Add +2.4%
AMG Affiliated Managers Group 0.01% 3,196 $629K Add +2.4%
APAM Artisan Partners Asset Ma -A 0.01% 10,917 $484K Add +2.4%
VRT Vertiv Holdings Co. Class A 0.01% 3,421 $439K Reduce -18.8%
ANET Arista Networks Inc. 0.01% 4,210 $430K Reduce -6.3%
MSCI MSCI Inc. 0.01% 737 $425K New
ZBRA Zebra Technologies Corp. Class A 0.01% 1,376 $424K Add +18.3%
EW Edwards Lifesciences Corp. 0.01% 5,424 $424K Reduce -15.3%
BEN Franklin Templeton Inc. 0.01% 17,736 $423K Add +2.4%
ENTG Entegris Inc. 0.01% 5,206 $420K Add +11.5%
MPWR Monolithic Power Systems Inc. 0.01% 573 $419K Reduce -24.7%
CDNS Cadence Design SYS Inc. 0.01% 1,349 $416K Reduce -11.5%
ADUS Addus Homecare Corp. 0.01% 3,591 $414K Add +0.4%
TER Teradyne Inc. 0.01% 4,595 $413K Add +16.0%
RVTY Revvity Inc. 0.01% 4,235 $410K Add +6.2%
KEYS Keysight Technologies Inc. 0.01% 2,481 $407K Reduce -9.5%
A Agilent Technologies Inc. 0.01% 3,412 $403K Add +8.6%
WMS Advanced Drainage Systems Inc. 0.01% 3,495 $402K Reduce -4.0%
IEX Idex Corp. 0.01% 2,246 $394K Add +8.0%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 3,624 $350K Add +2.4%
FTV Fortive Corp. 0.01% 5,613 $293K Reduce -7.0%
BIDU Baidu Inc. - Spon ADR 0.00% 2,762 $237K Add +3.0%
JD Jd.com Inc.-ADR 0.00% 3,859 $126K Add +4.9%

Show all 103 holdings

Portfolio Sells Q1 2025 → Q2 2025
TMO Thermo Fisher Scientific Inc. Reduce -2.0% 0.54% −0.18
NEE Nextera Energy Inc. Reduce -25.4% 0.25% −0.11
AAPL Apple Inc. Reduce -2.0% 0.64% −0.11
ROP Roper Technologies Inc. Reduce -1.1% 0.74% −0.09
CVX Chevron Corp. Reduce -9.6% 0.21% −0.08
ENPH Enphase Energy Inc. Reduce -26.6% 0.05% −0.07
V Visa Inc. Class A Reduce -2.0% 0.93% −0.07
THRM Gentherm Inc. Sold out 0.00% −0.06
XOM Exxon Mobil Corp. Reduce -9.9% 0.21% −0.06
COP Conocophillips Reduce -9.9% 0.16% −0.06
MA Mastercard Inc. Class A Reduce -2.0% 0.94% −0.05
OC Owens Corning Reduce -20.5% 0.14% −0.05
SLB SLB Ltd. Reduce -9.8% 0.10% −0.05
ADBE Adobe Inc. Reduce -2.0% 0.60% −0.04
ORA Ormat Technologies Inc. Reduce -25.2% 0.22% −0.04
CRM Salesforce Inc. Reduce -2.0% 0.64% −0.04
FANG Diamondback Energy Inc. Reduce -9.8% 0.12% −0.04
ITRI Itron Inc. Reduce -28.2% 0.23% −0.04
IBP Installed Building Products Reduce -20.5% 0.15% −0.04
HAL Halliburton Co. Reduce -9.8% 0.08% −0.04
EOG EOG Resources Inc. Reduce -9.8% 0.15% −0.04
BKR Baker Hughes Co. Reduce -9.8% 0.10% −0.04
SU Suncor Energy Inc. Reduce -9.8% 0.16% −0.04
CSL Carlisle Cos Inc. Reduce -20.2% 0.16% −0.03
DVN Devon Energy Corp. Reduce -9.9% 0.09% −0.03
AME Ametek Inc. Reduce -2.0% 0.85% −0.03
KMI Kinder Morgan Inc. Reduce -9.8% 0.18% −0.03
VLO Valero Energy Corp. Reduce -9.8% 0.16% −0.03
ENB Enbridge Inc. Reduce -9.8% 0.15% −0.02
HUBB Hubbell Inc. Reduce -20.1% 0.28% −0.02
CNQ Canadian Natural Resources Reduce -9.7% 0.14% −0.02
CVE Cenovus Energy Inc. Reduce -9.9% 0.10% −0.02
ICE Intercontinental Exchange Inc. Reduce -2.0% 0.93% −0.02
CSIQ Canadian Solar Inc. Reduce -31.5% 0.08% −0.02
NTES Netease Inc.-ADR Reduce -25.9% 0.17% −0.02
HOS Hornbeck Offshore Services I Reduce -9.7% 0.02% −0.01
IMO Imperial Oil Ltd. Reduce -9.9% 0.17% −0.01
TTEK Tetra Tech Inc. Sold out 0.00% −0.01
ON On Semiconductor Reduce -20.2% 0.15% −0.01
AMRC Ameresco Inc. Class A Reduce -20.1% 0.07% −0.00
FSLR First Solar Inc. Reduce -20.3% 0.17% −0.00
FTV Fortive Corp. Reduce -7.0% 0.01% −0.00
EW Edwards Lifesciences Corp. Reduce -15.3% 0.01% −0.00
MPWR Monolithic Power Systems Inc. Reduce -24.7% 0.01% −0.00
KEYS Keysight Technologies Inc. Reduce -9.5% 0.01% −0.00
WMS Advanced Drainage Systems Inc. Reduce -4.0% 0.01% −0.00
RAL Ralliant Corp. Reduce -12.2% 0.00% −0.00
CDNS Cadence Design SYS Inc. Reduce -11.5% 0.01% +0.00
ANET Arista Networks Inc. Reduce -6.3% 0.01% +0.00
NDAQ Nasdaq Inc. Reduce -2.3% 0.02% +0.00

Portfolio Buys Q1 2025 → Q2 2025
AVGO Broadcom Inc. Add +0.9% 5.54% +1.99
MSFT Microsoft Corp. Add +0.8% 4.91% +1.00
EMR Emerson Electric Co. Add +1.5% 4.54% +0.63
CSCO Cisco Systems Inc. Add +1.5% 5.45% +0.37
TXN Texas Instruments Inc. Add +1.5% 3.74% +0.35
BLK BlackRock Inc. Add +1.5% 4.90% +0.27
DHR Danaher Corp. Add +14.4% 0.70% +0.02
QCOM Qualcomm Inc. Add +11.6% 0.16% +0.01
MSCI MSCI Inc. New 0.01% +0.01
ARES Ares Management Corp. Class A Add +2.4% 0.01% +0.00
STT State Street Corp. Add +2.4% 0.01% +0.00
CG The Carlyle Group Inc. Add +2.4% 0.01% +0.00
AMG Affiliated Managers Group Add +2.4% 0.01% +0.00
KKR KKR & Co. Inc. Add +2.4% 0.01% +0.00
ZBRA Zebra Technologies Corp. Class A Add +18.3% 0.01% +0.00
BEN Franklin Templeton Inc. Add +2.4% 0.01% +0.00
TER Teradyne Inc. Add +16.0% 0.01% +0.00
AMP Ameriprise Financial Inc. Add +2.4% 0.01% +0.00
ADUS Addus Homecare Corp. Add +0.4% 0.01% +0.00
APAM Artisan Partners Asset Ma -A Add +2.4% 0.01% +0.00
RJF Raymond James Financial Inc. Add +2.4% 0.01% +0.00
BX Blackstone Inc. Add +2.4% 0.01% +0.00
A Agilent Technologies Inc. Add +8.6% 0.01% +0.00
TROW T Rowe Price Group Inc. Add +2.4% 0.01% +0.00
ATHM Autohome Inc.-ADR Add +13.3% 0.00% 0.00
BABA Alibaba Group Holding-SP ADR Add +13.3% 0.00% −0.00
IEX Idex Corp. Add +8.0% 0.01% −0.00
ENTG Entegris Inc. Add +11.5% 0.01% −0.00
BIDU Baidu Inc. - Spon ADR Add +3.0% 0.00% −0.00
JD Jd.com Inc.-ADR Add +4.9% 0.00% −0.00
RVTY Revvity Inc. Add +6.2% 0.01% −0.00
CME Cme Group Inc. Add +1.5% 5.05% −0.04
ITW Illinois Tool Works Add +1.5% 3.70% −0.18
MDLZ Mondelez International Inc. Class A Add +1.5% 3.66% −0.19
KO The Coca-Cola Co. Add +1.5% 4.03% −0.24
OTIS Otis Worldwide Corp. Add +1.5% 3.41% −0.31
PG The Procter & Gamble Co. Add +1.5% 3.52% −0.42
PAYX Paychex Inc. Add +1.5% 4.24% −0.47
AFL Aflac Inc. Add +1.4% 4.48% −0.47
JNJ Johnson & Johnson Add +1.5% 3.76% −0.51
PEP Pepsico Inc. Add +1.5% 2.89% −0.55
AJG Arthur J Gallagher & Co. Add +1.5% 4.76% −0.61
ABBV Abbvie Inc. Add +1.5% 4.00% −0.73

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