Guinness Asset Management LTD
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Guinness Asset Management LTD reported 127 stock positions worth $6.3 billion. Its top holding was Broadcom (AVGO) at 5.3% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Cme (CME, 4.4%). Compared with Q2 2025, it opened 26 new positions, sold out of 2, added to 37 and reduced 64. The biggest buy was a new position in Medtronic (MDT) and the biggest sale Cisco Systems (CSCO, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001409661
- Portfolio Value
- $6.3B (Q3 2025)
- SEC Filing
- 0001409661-25-000004 ↗ filed Nov 5, 2025
Holdings Value
Holdings 127 stocks · $6.3B
| AVGO Broadcom Inc. | 5.30% | 1,014,942 | $332.8M | Reduce -9.7% |
| MSFT Microsoft Corp. | 4.50% | 549,494 | $282.8M | Reduce -0.4% |
| CME Cme Group Inc. | 4.43% | 1,022,511 | $278.4M | Reduce -0.1% |
| MDT Medtronic PLC | 4.39% | 2,932,387 | $275.6M | New |
| ABBV Abbvie Inc. | 4.30% | 1,210,293 | $270.1M | Add +0.3% |
| AFL Aflac Inc. | 4.21% | 2,372,963 | $264.2M | Add +0.0% |
| BLK BlackRock Inc. | 4.07% | 217,250 | $255.4M | Reduce -16.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 4.05% | 831,125 | $254.1M | Reduce 0.0% |
| JNJ Johnson & Johnson | 4.00% | 1,383,195 | $251.2M | Add +0.4% |
| EMR Emerson Electric Co. | 3.93% | 1,907,825 | $246.6M | Add +0.3% |
| ETN Eaton Corp. PLC | 3.84% | 657,032 | $241.2M | New |
| CSCO Cisco Systems Inc. | 3.84% | 3,558,044 | $241.0M | Reduce -18.9% |
| MDLZ Mondelez International Inc. Class A | 3.81% | 3,813,562 | $238.8M | Add +25.9% |
| PG The Procter & Gamble Co. | 3.68% | 1,505,754 | $231.2M | Add +22.1% |
| PEP Pepsico Inc. | 3.54% | 1,585,557 | $222.2M | Add +29.7% |
| ITW Illinois Tool Works | 3.49% | 838,582 | $219.2M | Add +0.4% |
| KO The Coca-Cola Co. | 3.36% | 3,195,526 | $211.0M | Add +0.3% |
| PAYX Paychex Inc. | 3.35% | 1,635,852 | $210.3M | Add +0.3% |
| TXN Texas Instruments Inc. | 2.95% | 1,011,763 | $185.4M | Add +0.5% |
| OTIS Otis Worldwide Corp. | 2.78% | 1,912,155 | $174.6M | Reduce -0.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.41% | 324,725 | $88.7M | Reduce -17.0% |
| APH Amphenol Corp. Class A | 1.08% | 561,505 | $67.9M | Reduce -22.5% |
| NVDA Nvidia Corp. | 1.02% | 352,256 | $64.1M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 0.90% | 230,790 | $56.3M | Reduce -4.6% |
| LRCX Lam Research Corp. | 0.88% | 422,112 | $55.3M | Reduce -15.1% |
| KLAC KLA Corp. | 0.87% | 51,456 | $54.8M | Reduce -12.1% |
| META Meta Platforms Inc. Class A | 0.84% | 70,608 | $52.5M | Reduce -4.6% |
| NFLX Netflix Inc. | 0.82% | 42,532 | $51.3M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 0.81% | 89,243 | $50.7M | Reduce -4.6% |
| ICE Intercontinental Exchange Inc. | 0.75% | 282,050 | $47.4M | Add +0.0% |
| V Visa Inc. Class A | 0.75% | 138,963 | $47.3M | Reduce -4.6% |
| AME Ametek Inc. | 0.74% | 249,862 | $46.7M | Reduce -4.6% |
| AMZN Amazon.com Inc. | 0.74% | 208,983 | $46.4M | Reduce -4.6% |
| INTU Intuit Inc. | 0.73% | 66,284 | $46.0M | Reduce -4.6% |
| AAPL Apple Inc. | 0.72% | 177,800 | $45.2M | Add +1.6% |
| AMAT Applied Materials Inc. | 0.70% | 214,443 | $44.0M | Reduce -4.6% |
| ROP Roper Technologies Inc. | 0.66% | 83,211 | $41.7M | Add +13.6% |
| DHR Danaher Corp. | 0.66% | 223,570 | $41.6M | Add +13.7% |
| TMO Thermo Fisher Scientific Inc. | 0.63% | 84,957 | $39.3M | Add +14.8% |
| CRM Salesforce Inc. | 0.59% | 151,492 | $37.1M | Add +16.0% |
| ADBE Adobe Inc. | 0.58% | 100,574 | $36.1M | Add +16.6% |
| HUBB Hubbell Inc. | 0.24% | 35,065 | $15.0M | Reduce -8.4% |
| NEE Nextera Energy Inc. | 0.22% | 183,458 | $14.0M | Reduce -8.4% |
| TT Trane Technologies PLC | 0.22% | 33,372 | $13.8M | New |
| ORA Ormat Technologies Inc. | 0.20% | 133,349 | $12.7M | Reduce -8.4% |
| APTV Aptiv PLC | 0.19% | 138,401 | $11.9M | New |
| FSLR First Solar Inc. | 0.19% | 52,388 | $11.7M | Reduce -8.4% |
| XOM Exxon Mobil Corp. | 0.18% | 101,327 | $11.6M | Reduce -5.2% |
| CVX Chevron Corp. | 0.18% | 71,975 | $11.2M | Reduce -11.3% |
| ITRI Itron Inc. | 0.18% | 90,228 | $11.2M | Reduce -8.4% |
| VLO Valero Energy Corp. | 0.18% | 64,806 | $11.2M | Reduce -5.2% |
| IBP Installed Building Products | 0.17% | 42,541 | $10.6M | Reduce -8.4% |
| NTES Netease Inc.-ADR | 0.17% | 69,817 | $10.6M | Reduce -1.0% |
| NXPI NXP Semiconductors NV | 0.16% | 44,578 | $10.1M | New |
| COP Conocophillips | 0.16% | 102,206 | $9.8M | Add +0.9% |
| SU Suncor Energy Inc. | 0.15% | 226,012 | $9.5M | Reduce -7.9% |
| IMO Imperial Oil Ltd. | 0.15% | 98,836 | $9.1M | Reduce -17.7% |
| QCOM Qualcomm Inc. | 0.14% | 54,843 | $9.1M | Reduce -1.0% |
| ST Sensata Technologies Holdplc | 0.13% | 266,560 | $8.1M | New |
| CNQ Canadian Natural Resources | 0.13% | 248,133 | $8.0M | Reduce -1.8% |
| ON On Semiconductor | 0.12% | 151,056 | $7.5M | Reduce -8.4% |
| CSL Carlisle Cos Inc. | 0.12% | 22,150 | $7.4M | Reduce -8.4% |
| EOG EOG Resources Inc. | 0.12% | 64,069 | $7.3M | Reduce -5.2% |
| BKR Baker Hughes Co. | 0.11% | 141,947 | $7.2M | Reduce -5.2% |
| OC Owens Corning | 0.11% | 50,466 | $7.1M | Reduce -8.4% |
| FANG Diamondback Energy Inc. | 0.11% | 48,316 | $6.9M | Add +3.6% |
| CVE Cenovus Energy Inc. | 0.11% | 399,450 | $6.9M | Reduce -4.9% |
| ENB Enbridge Inc. | 0.11% | 136,510 | $6.8M | Reduce -27.2% |
| AMRC Ameresco Inc. Class A | 0.11% | 198,396 | $6.8M | Reduce -18.1% |
| KMI Kinder Morgan Inc. | 0.11% | 236,724 | $6.7M | Reduce -29.8% |
| TRP TC Energy Corp. | 0.09% | 110,322 | $5.9M | New |
| DVN Devon Energy Corp. | 0.09% | 162,842 | $5.8M | Add +0.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.09% | 163,798 | $5.8M | Reduce -5.2% |
| HAL Halliburton Co. | 0.08% | 210,546 | $5.3M | Reduce -5.2% |
| CSIQ Canadian Solar Inc. | 0.07% | 359,996 | $4.6M | Reduce -8.4% |
| ENPH Enphase Energy Inc. | 0.04% | 70,599 | $2.5M | Reduce -8.4% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.02% | 209,769 | $1.4M | Reduce -3.5% |
| STT State Street Corp. | 0.01% | 8,006 | $939K | Add +11.0% |
| NDAQ Nasdaq Inc. | 0.01% | 10,228 | $907K | Add +4.7% |
| BX Blackstone Inc. | 0.01% | 4,748 | $836K | Add +1.1% |
| AMG Affiliated Managers Group | 0.01% | 3,432 | $819K | Add +7.4% |
| RJF Raymond James Financial Inc. | 0.01% | 4,639 | $818K | Add +12.7% |
| ARES Ares Management Corp. Class A | 0.01% | 4,952 | $809K | Add +4.7% |
| CG The Carlyle Group Inc. | 0.01% | 12,201 | $792K | Reduce -1.7% |
| AMP Ameriprise Financial Inc. | 0.01% | 1,580 | $789K | Add +3.1% |
| KKR KKR & Co. Inc. | 0.01% | 5,640 | $758K | Add +4.7% |
| JHG Janus Henderson Group PLC | 0.01% | 16,704 | $749K | New |
| IVZ Invesco Ltd. | 0.01% | 29,216 | $672K | New |
| APAM Artisan Partners Asset Ma -A | 0.01% | 12,299 | $537K | Add +12.7% |
| TER Teradyne Inc. | 0.01% | 3,612 | $485K | Reduce -21.4% |
| BAP Credicorp Ltd. | 0.01% | 1,756 | $470K | New |
| BEN Franklin Templeton Inc. | 0.01% | 19,982 | $467K | Add +12.7% |
| JAZZ Jazz Pharmaceuticals PLC | 0.01% | 3,300 | $426K | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.01% | 4,082 | $423K | Add +12.6% |
| ADUS Addus Homecare Corp. | 0.01% | 3,548 | $418K | Reduce -1.2% |
| VRT Vertiv Holdings Co. Class A | 0.01% | 2,861 | $410K | Reduce -16.4% |
| A Agilent Technologies Inc. | 0.01% | 3,313 | $410K | Reduce -2.9% |
| MPWR Monolithic Power Systems Inc. | 0.01% | 461 | $409K | Reduce -19.6% |
| ENTG Entegris Inc. | 0.01% | 4,303 | $402K | Reduce -17.4% |
| WMS Advanced Drainage Systems Inc. | 0.01% | 2,910 | $402K | Reduce -16.7% |
Portfolio Sells Q2 2025 → Q3 2025
| CSCO Cisco Systems Inc. | Reduce -18.9% | 3.84% | −1.61 |
| BLK BlackRock Inc. | Reduce -16.7% | 4.07% | −0.83 |
| AJG Arthur J Gallagher & Co. | Reduce 0.0% | 4.05% | −0.71 |
| OTIS Otis Worldwide Corp. | Reduce -0.7% | 2.78% | −0.63 |
| CME Cme Group Inc. | Reduce -0.1% | 4.43% | −0.61 |
| MSFT Microsoft Corp. | Reduce -0.4% | 4.50% | −0.41 |
| NFLX Netflix Inc. | Reduce -4.6% | 0.82% | −0.25 |
| INTU Intuit Inc. | Reduce -4.6% | 0.73% | −0.25 |
| AVGO Broadcom Inc. | Reduce -9.7% | 5.30% | −0.24 |
| APH Amphenol Corp. Class A | Reduce -22.5% | 1.08% | −0.20 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -17.0% | 1.41% | −0.17 |
| V Visa Inc. Class A | Reduce -4.6% | 0.75% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -4.6% | 0.84% | −0.14 |
| MA Mastercard Inc. Class A | Reduce -4.6% | 0.81% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -4.6% | 0.74% | −0.12 |
| AME Ametek Inc. | Reduce -4.6% | 0.74% | −0.10 |
| KMI Kinder Morgan Inc. | Reduce -29.8% | 0.11% | −0.07 |
| KLAC KLA Corp. | Reduce -12.1% | 0.87% | −0.07 |
| ITRI Itron Inc. | Reduce -8.4% | 0.18% | −0.05 |
| CSL Carlisle Cos Inc. | Reduce -8.4% | 0.12% | −0.04 |
| ENB Enbridge Inc. | Reduce -27.2% | 0.11% | −0.04 |
| HUBB Hubbell Inc. | Reduce -8.4% | 0.24% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -4.6% | 0.70% | −0.04 |
| ON On Semiconductor | Reduce -8.4% | 0.12% | −0.04 |
| EOG EOG Resources Inc. | Reduce -5.2% | 0.12% | −0.03 |
| CVX Chevron Corp. | Reduce -11.3% | 0.18% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -8.4% | 0.22% | −0.03 |
| IMO Imperial Oil Ltd. | Reduce -17.7% | 0.15% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -5.2% | 0.18% | −0.02 |
| OC Owens Corning | Reduce -8.4% | 0.11% | −0.02 |
| ORA Ormat Technologies Inc. | Reduce -8.4% | 0.20% | −0.02 |
| CNQ Canadian Natural Resources | Reduce -1.8% | 0.13% | −0.01 |
| ENPH Enphase Energy Inc. | Reduce -8.4% | 0.04% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -1.0% | 0.14% | −0.01 |
| SLB SLB Ltd. | Reduce -5.2% | 0.09% | −0.01 |
| SU Suncor Energy Inc. | Reduce -7.9% | 0.15% | −0.01 |
| NVDA Nvidia Corp. | Reduce -3.5% | 1.02% | −0.01 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.01 |
| CSIQ Canadian Solar Inc. | Reduce -8.4% | 0.07% | −0.00 |
| HOS Hornbeck Offshore Services I | Reduce -3.5% | 0.02% | −0.00 |
| RVTY Revvity Inc. | Reduce -5.1% | 0.01% | −0.00 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -12.9% | 0.01% | −0.00 |
| EW Edwards Lifesciences Corp. | Reduce -8.2% | 0.01% | −0.00 |
| MSCI MSCI Inc. | Reduce -8.1% | 0.01% | −0.00 |
| RAL Ralliant Corp. | Sold out | 0.00% | −0.00 |
| CDNS Cadence Design SYS Inc. | Reduce -18.8% | 0.01% | −0.00 |
| NTES Netease Inc.-ADR | Reduce -1.0% | 0.17% | −0.00 |
| IEX Idex Corp. | Reduce -1.4% | 0.01% | −0.00 |
| VRT Vertiv Holdings Co. Class A | Reduce -16.4% | 0.01% | −0.00 |
| ENTG Entegris Inc. | Reduce -17.4% | 0.01% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| MDT Medtronic PLC | New | 4.39% | +4.39 |
| ETN Eaton Corp. PLC | New | 3.84% | +3.84 |
| PEP Pepsico Inc. | Add +29.7% | 3.54% | +0.65 |
| ABBV Abbvie Inc. | Add +0.3% | 4.30% | +0.30 |
| JNJ Johnson & Johnson | Add +0.4% | 4.00% | +0.24 |
| TT Trane Technologies PLC | New | 0.22% | +0.22 |
| APTV Aptiv PLC | New | 0.19% | +0.19 |
| PG The Procter & Gamble Co. | Add +22.1% | 3.68% | +0.17 |
| NXPI NXP Semiconductors NV | New | 0.16% | +0.16 |
| MDLZ Mondelez International Inc. Class A | Add +25.9% | 3.81% | +0.15 |
| ST Sensata Technologies Holdplc | New | 0.13% | +0.13 |
| TRP TC Energy Corp. | New | 0.09% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +14.8% | 0.63% | +0.09 |
| AAPL Apple Inc. | Add +1.6% | 0.72% | +0.08 |
| JHG Janus Henderson Group PLC | New | 0.01% | +0.01 |
| IVZ Invesco Ltd. | New | 0.01% | +0.01 |
| BAP Credicorp Ltd. | New | 0.01% | +0.01 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.01% | +0.01 |
| CHKP Check Point Software Tech | New | 0.01% | +0.01 |
| BIDU Baidu Inc. - Spon ADR | Add +5.1% | 0.01% | +0.00 |
| AMG Affiliated Managers Group | Add +7.4% | 0.01% | +0.00 |
| RJF Raymond James Financial Inc. | Add +12.7% | 0.01% | +0.00 |
| DEC Diversified Energy Co. PLC | New | 0.00% | +0.00 |
| LNT Alliant Energy Corp. | New | 0.00% | +0.00 |
| VTR Ventas Inc. | New | 0.00% | +0.00 |
| WEC WEC Energy Group Inc. | New | 0.00% | +0.00 |
| BIP Brookfield Infrastructure Pa | New | 0.00% | +0.00 |
| DUK Duke Energy Corp. | New | 0.00% | +0.00 |
| WTRG Essential Utilities Inc. | New | 0.00% | +0.00 |
| DOC Healthpeak Properties Inc. | New | 0.00% | +0.00 |
| PLD Prologis Inc. | New | 0.00% | +0.00 |
| SBAC SBA Communications Corp. | New | 0.00% | +0.00 |
| STT State Street Corp. | Add +11.0% | 0.01% | +0.00 |
| UNP Union Pacific Corp. | New | 0.00% | +0.00 |
| AMT American Tower Corp. | New | 0.00% | +0.00 |
| DLR Digital Realty Trust Inc. | New | 0.00% | +0.00 |
| EQIX Equinix Inc. | New | 0.00% | +0.00 |
| BABA Alibaba Group Holding-SP ADR | Add +20.8% | 0.00% | +0.00 |
| BX Blackstone Inc. | Add +1.1% | 0.01% | +0.00 |
| FTV Fortive Corp. | Add +36.8% | 0.01% | +0.00 |
| JD Jd.com Inc.-ADR | Add +27.2% | 0.00% | +0.00 |
| TROW T Rowe Price Group Inc. | Add +12.6% | 0.01% | +0.00 |
| ATHM Autohome Inc.-ADR | Add +20.9% | 0.00% | +0.00 |
| APAM Artisan Partners Asset Ma -A | Add +12.7% | 0.01% | −0.00 |
| BEN Franklin Templeton Inc. | Add +12.7% | 0.01% | −0.00 |
| DVN Devon Energy Corp. | Add +0.5% | 0.09% | −0.00 |
| KKR KKR & Co. Inc. | Add +4.7% | 0.01% | −0.00 |
| NDAQ Nasdaq Inc. | Add +4.7% | 0.01% | −0.00 |
| ARES Ares Management Corp. Class A | Add +4.7% | 0.01% | −0.00 |
| AMP Ameriprise Financial Inc. | Add +3.1% | 0.01% | −0.00 |
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 |