Guinness Asset Management LTD
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Guinness Asset Management LTD reported 146 stock positions worth $6.2 billion. Its top holding was Broadcom (AVGO) at 4.9% of the portfolio, followed by Johnson & Johnson (JNJ, 4.5%) and Cme (CME, 4.5%). Compared with Q3 2025, it opened 20 new positions, sold out of 1, added to 66 and reduced 58. The biggest buy was Texas Instruments (TXN, shares +22%) and the biggest sale Arthur J Gallagher (AJG, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001409661
- Portfolio Value
- $6.2B (Q4 2025)
- SEC Filing
- 0001409661-26-000002 ↗ filed Feb 9, 2026
Holdings Value
Holdings 146 stocks · $6.2B
| AVGO Broadcom Inc. | 4.90% | 867,952 | $302.4M | Reduce -14.5% |
| JNJ Johnson & Johnson | 4.50% | 1,340,786 | $277.4M | Reduce -3.1% |
| CME Cme Group Inc. | 4.47% | 990,979 | $275.3M | Reduce -3.1% |
| MDT Medtronic PLC | 4.44% | 2,857,234 | $274.0M | Reduce -2.6% |
| ABBV Abbvie Inc. | 4.38% | 1,173,180 | $270.0M | Reduce -3.1% |
| MSFT Microsoft Corp. | 4.22% | 535,489 | $260.1M | Reduce -2.5% |
| AFL Aflac Inc. | 4.09% | 2,301,154 | $252.4M | Reduce -3.0% |
| EMR Emerson Electric Co. | 4.04% | 1,849,248 | $249.3M | Reduce -3.1% |
| CSCO Cisco Systems Inc. | 3.85% | 3,061,401 | $237.3M | Reduce -14.0% |
| BLK BlackRock Inc. | 3.71% | 210,823 | $228.8M | Reduce -3.0% |
| PEP Pepsico Inc. | 3.58% | 1,536,967 | $221.0M | Reduce -3.1% |
| KO The Coca-Cola Co. | 3.51% | 3,097,398 | $216.6M | Reduce -3.1% |
| TXN Texas Instruments Inc. | 3.50% | 1,233,085 | $216.0M | Add +21.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.43% | 805,533 | $211.5M | Reduce -3.1% |
| PG The Procter & Gamble Co. | 3.41% | 1,459,500 | $210.4M | Reduce -3.1% |
| ITW Illinois Tool Works | 3.31% | 812,866 | $204.4M | Reduce -3.1% |
| ETN Eaton Corp. PLC | 3.30% | 635,862 | $203.7M | Reduce -3.2% |
| MDLZ Mondelez International Inc. Class A | 3.30% | 3,694,732 | $203.3M | Reduce -3.1% |
| PAYX Paychex Inc. | 3.19% | 1,727,194 | $196.3M | Add +5.6% |
| OTIS Otis Worldwide Corp. | 3.02% | 2,118,941 | $186.3M | Add +10.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.36% | 282,236 | $84.1M | Reduce -13.1% |
| APH Amphenol Corp. Class A | 1.05% | 471,169 | $64.5M | Reduce -16.1% |
| LRCX Lam Research Corp. | 0.98% | 348,115 | $60.2M | Reduce -17.5% |
| AMAT Applied Materials Inc. | 0.91% | 214,380 | $56.4M | Reduce -0.0% |
| KLAC KLA Corp. | 0.91% | 45,046 | $55.9M | Reduce -12.5% |
| ICE Intercontinental Exchange Inc. | 0.88% | 335,545 | $54.5M | Add +19.0% |
| CRM Salesforce Inc. | 0.88% | 203,769 | $54.2M | Add +34.5% |
| GOOGL Alphabet Inc. Class A | 0.86% | 169,287 | $53.1M | Reduce -26.6% |
| META Meta Platforms Inc. Class A | 0.86% | 80,282 | $52.9M | Add +13.7% |
| ADBE Adobe Inc. | 0.85% | 147,673 | $52.2M | Add +46.8% |
| AME Ametek Inc. | 0.85% | 249,784 | $52.1M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 0.84% | 89,216 | $51.6M | Reduce -0.0% |
| DHR Danaher Corp. | 0.84% | 223,500 | $51.5M | Reduce -0.0% |
| INTU Intuit Inc. | 0.81% | 74,169 | $50.0M | Add +11.9% |
| TMO Thermo Fisher Scientific Inc. | 0.81% | 84,931 | $49.7M | Reduce -0.0% |
| ROP Roper Technologies Inc. | 0.80% | 109,488 | $49.4M | Add +31.6% |
| NVDA Nvidia Corp. | 0.80% | 263,380 | $49.3M | Reduce -25.2% |
| V Visa Inc. Class A | 0.80% | 138,920 | $49.3M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.79% | 208,917 | $48.5M | Reduce -0.0% |
| AAPL Apple Inc. | 0.78% | 177,912 | $47.9M | Add +0.1% |
| NFLX Netflix Inc. | 0.65% | 425,190 | $40.0M | No change |
| HUBB Hubbell Inc. | 0.23% | 32,023 | $14.5M | Reduce -8.7% |
| NEE Nextera Energy Inc. | 0.23% | 173,320 | $13.9M | Reduce -5.5% |
| FSLR First Solar Inc. | 0.22% | 49,492 | $13.3M | Reduce -5.5% |
| TT Trane Technologies PLC | 0.21% | 32,548 | $12.8M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.20% | 100,873 | $12.2M | Reduce -0.5% |
| ORA Ormat Technologies Inc. | 0.20% | 107,449 | $12.1M | Reduce -19.4% |
| CVX Chevron Corp. | 0.18% | 72,624 | $11.0M | Add +0.9% |
| IBP Installed Building Products | 0.17% | 40,189 | $10.7M | Reduce -5.5% |
| VLO Valero Energy Corp. | 0.17% | 64,298 | $10.7M | Reduce -0.8% |
| NXPI NXP Semiconductors NV | 0.17% | 46,910 | $10.3M | Add +5.2% |
| APTV Aptiv PLC | 0.17% | 134,206 | $10.3M | Reduce -3.0% |
| COP Conocophillips | 0.16% | 105,362 | $9.8M | Add +3.1% |
| NTES Netease Inc.-ADR | 0.16% | 69,937 | $9.7M | Add +0.2% |
| ST Sensata Technologies Holdplc | 0.15% | 277,415 | $9.2M | Add +4.1% |
| QCOM Qualcomm Inc. | 0.14% | 51,509 | $8.9M | Reduce -6.1% |
| ITRI Itron Inc. | 0.14% | 93,444 | $8.9M | Add +3.6% |
| CNQ Canadian Natural Resources | 0.14% | 256,153 | $8.5M | Add +3.2% |
| SU Suncor Energy Inc. | 0.13% | 185,323 | $8.1M | Reduce -18.0% |
| FANG Diamondback Energy Inc. | 0.13% | 54,132 | $8.0M | Add +12.0% |
| CSL Carlisle Cos Inc. | 0.13% | 23,887 | $7.8M | Add +7.8% |
| ON On Semiconductor | 0.13% | 142,708 | $7.7M | Reduce -5.5% |
| CSIQ Canadian Solar Inc. | 0.12% | 316,459 | $7.7M | Reduce -12.1% |
| EOG EOG Resources Inc. | 0.12% | 73,278 | $7.7M | Add +14.4% |
| IMO Imperial Oil Ltd. | 0.12% | 88,678 | $7.6M | Reduce -10.3% |
| DVN Devon Energy Corp. | 0.12% | 208,143 | $7.5M | Add +27.8% |
| OC Owens Corning | 0.12% | 63,039 | $7.1M | Add +24.9% |
| CVE Cenovus Energy Inc. | 0.11% | 409,096 | $6.9M | Add +2.4% |
| HAL Halliburton Co. | 0.11% | 244,748 | $6.9M | Add +16.2% |
| ENB Enbridge Inc. | 0.11% | 141,891 | $6.8M | Add +3.9% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.11% | 178,287 | $6.8M | Add +8.8% |
| KMI Kinder Morgan Inc. | 0.11% | 242,483 | $6.6M | Add +2.4% |
| TRP TC Energy Corp. | 0.11% | 118,790 | $6.6M | Add +7.7% |
| WMB Williams Cos Inc. | 0.11% | 110,943 | $6.6M | New |
| BKR Baker Hughes Co. | 0.09% | 126,556 | $5.7M | Reduce -10.8% |
| AMRC Ameresco Inc. Class A | 0.09% | 185,249 | $5.6M | Reduce -6.6% |
| ENPH Enphase Energy Inc. | 0.04% | 66,550 | $2.2M | Reduce -5.7% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.02% | 214,854 | $1.3M | Add +2.4% |
| STT State Street Corp. | 0.02% | 9,898 | $1.3M | Add +23.6% |
| NDAQ Nasdaq Inc. | 0.02% | 13,104 | $1.3M | Add +28.1% |
| AMG Affiliated Managers Group | 0.02% | 4,242 | $1.2M | Add +23.6% |
| ARES Ares Management Corp. Class A | 0.02% | 6,342 | $1.1M | Add +28.1% |
| JHG Janus Henderson Group PLC | 0.02% | 21,130 | $1.0M | Add +26.5% |
| AMP Ameriprise Financial Inc. | 0.02% | 2,023 | $1.0M | Add +28.0% |
| IVZ Invesco Ltd. | 0.02% | 37,433 | $1.0M | Add +28.1% |
| RJF Raymond James Financial Inc. | 0.02% | 5,942 | $975K | Add +28.1% |
| BX Blackstone Inc. | 0.02% | 6,082 | $944K | Add +28.1% |
| CG The Carlyle Group Inc. | 0.02% | 15,631 | $943K | Add +28.1% |
| KKR KKR & Co. Inc. | 0.02% | 7,224 | $935K | Add +28.1% |
| APAM Artisan Partners Asset Ma -A | 0.01% | 15,757 | $657K | Add +28.1% |
| BEN Franklin Templeton Inc. | 0.01% | 25,602 | $624K | Add +28.1% |
| BAP Credicorp Ltd. | 0.01% | 2,095 | $610K | Add +19.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.01% | 5,227 | $546K | Add +28.1% |
| JAZZ Jazz Pharmaceuticals PLC | 0.01% | 2,788 | $475K | Reduce -15.5% |
| TER Teradyne Inc. | 0.01% | 2,268 | $448K | Reduce -37.2% |
| KEYS Keysight Technologies Inc. | 0.01% | 2,118 | $438K | Reduce -7.3% |
| WMS Advanced Drainage Systems Inc. | 0.01% | 2,705 | $402K | Reduce -7.0% |
| IEX Idex Corp. | 0.01% | 2,228 | $401K | Add +0.6% |
| FTV Fortive Corp. | 0.01% | 7,125 | $400K | Reduce -7.2% |
| A Agilent Technologies Inc. | 0.01% | 2,865 | $395K | Reduce -13.5% |
Portfolio Sells Q3 2025 → Q4 2025
| AJG Arthur J Gallagher & Co. | Reduce -3.1% | 3.43% | −0.62 |
| ETN Eaton Corp. PLC | Reduce -3.2% | 3.30% | −0.54 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.1% | 3.30% | −0.51 |
| AVGO Broadcom Inc. | Reduce -14.5% | 4.90% | −0.40 |
| BLK BlackRock Inc. | Reduce -3.0% | 3.71% | −0.36 |
| MSFT Microsoft Corp. | Reduce -2.5% | 4.22% | −0.29 |
| PG The Procter & Gamble Co. | Reduce -3.1% | 3.41% | −0.27 |
| NVDA Nvidia Corp. | Reduce -25.2% | 0.80% | −0.22 |
| ITW Illinois Tool Works | Reduce -3.1% | 3.31% | −0.18 |
| AFL Aflac Inc. | Reduce -3.0% | 4.09% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.1% | 1.36% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -26.6% | 0.86% | −0.04 |
| APH Amphenol Corp. Class A | Reduce -16.1% | 1.05% | −0.04 |
| APTV Aptiv PLC | Reduce -3.0% | 0.17% | −0.02 |
| IMO Imperial Oil Ltd. | Reduce -10.3% | 0.12% | −0.02 |
| BKR Baker Hughes Co. | Reduce -10.8% | 0.09% | −0.02 |
| SU Suncor Energy Inc. | Reduce -18.0% | 0.13% | −0.02 |
| AMRC Ameresco Inc. Class A | Reduce -6.6% | 0.09% | −0.02 |
| TT Trane Technologies PLC | Reduce -2.5% | 0.21% | −0.01 |
| ORA Ormat Technologies Inc. | Reduce -19.4% | 0.20% | −0.01 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.01 |
| VLO Valero Energy Corp. | Reduce -0.8% | 0.17% | −0.00 |
| ENPH Enphase Energy Inc. | Reduce -5.7% | 0.04% | −0.00 |
| HUBB Hubbell Inc. | Reduce -8.7% | 0.23% | −0.00 |
| ADUS Addus Homecare Corp. | Reduce -7.2% | 0.01% | −0.00 |
| VRT Vertiv Holdings Co. Class A | Reduce -24.3% | 0.01% | −0.00 |
| TER Teradyne Inc. | Reduce -37.2% | 0.01% | −0.00 |
| A Agilent Technologies Inc. | Reduce -13.5% | 0.01% | −0.00 |
| MPWR Monolithic Power Systems Inc. | Reduce -8.2% | 0.01% | −0.00 |
| WMS Advanced Drainage Systems Inc. | Reduce -7.0% | 0.01% | +0.00 |
| MSCI MSCI Inc. | Reduce -3.1% | 0.01% | +0.00 |
| FTV Fortive Corp. | Reduce -7.2% | 0.01% | +0.00 |
| QCOM Qualcomm Inc. | Reduce -6.1% | 0.14% | +0.00 |
| KEYS Keysight Technologies Inc. | Reduce -7.3% | 0.01% | +0.00 |
| RVTY Revvity Inc. | Reduce -3.0% | 0.01% | +0.00 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -15.5% | 0.01% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -5.5% | 0.23% | +0.00 |
| IBP Installed Building Products | Reduce -5.5% | 0.17% | +0.00 |
| ON On Semiconductor | Reduce -5.5% | 0.13% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -14.0% | 3.85% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.20% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -0.0% | 0.84% | +0.03 |
| FSLR First Solar Inc. | Reduce -5.5% | 0.22% | +0.03 |
| CME Cme Group Inc. | Reduce -3.1% | 4.47% | +0.03 |
| KLAC KLA Corp. | Reduce -12.5% | 0.91% | +0.03 |
| PEP Pepsico Inc. | Reduce -3.1% | 3.58% | +0.04 |
| V Visa Inc. Class A | Reduce -0.0% | 0.80% | +0.05 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 0.79% | +0.05 |
| CSIQ Canadian Solar Inc. | Reduce -12.1% | 0.12% | +0.05 |
| MDT Medtronic PLC | Reduce -2.6% | 4.44% | +0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| TXN Texas Instruments Inc. | Add +21.9% | 3.50% | +0.55 |
| CRM Salesforce Inc. | Add +34.5% | 0.88% | +0.29 |
| ADBE Adobe Inc. | Add +46.8% | 0.85% | +0.27 |
| OTIS Otis Worldwide Corp. | Add +10.8% | 3.02% | +0.24 |
| ROP Roper Technologies Inc. | Add +31.6% | 0.80% | +0.14 |
| ICE Intercontinental Exchange Inc. | Add +19.0% | 0.88% | +0.13 |
| WMB Williams Cos Inc. | New | 0.11% | +0.11 |
| INTU Intuit Inc. | Add +11.9% | 0.81% | +0.08 |
| AAPL Apple Inc. | Add +0.1% | 0.78% | +0.06 |
| DVN Devon Energy Corp. | Add +27.8% | 0.12% | +0.03 |
| HAL Halliburton Co. | Add +16.2% | 0.11% | +0.03 |
| META Meta Platforms Inc. Class A | Add +13.7% | 0.86% | +0.02 |
| ST Sensata Technologies Holdplc | Add +4.1% | 0.15% | +0.02 |
| FANG Diamondback Energy Inc. | Add +12.0% | 0.13% | +0.02 |
| SLB SLB Ltd. | Add +8.8% | 0.11% | +0.02 |
| TRP TC Energy Corp. | Add +7.7% | 0.11% | +0.01 |
| CNQ Canadian Natural Resources | Add +3.2% | 0.14% | +0.01 |
| CSL Carlisle Cos Inc. | Add +7.8% | 0.13% | +0.01 |
| EOG EOG Resources Inc. | Add +14.4% | 0.12% | +0.01 |
| NXPI NXP Semiconductors NV | Add +5.2% | 0.17% | +0.01 |
| AMG Affiliated Managers Group | Add +23.6% | 0.02% | +0.01 |
| NDAQ Nasdaq Inc. | Add +28.1% | 0.02% | +0.01 |
| STT State Street Corp. | Add +23.6% | 0.02% | +0.01 |
| IVZ Invesco Ltd. | Add +28.1% | 0.02% | +0.01 |
| ARES Ares Management Corp. Class A | Add +28.1% | 0.02% | +0.00 |
| JHG Janus Henderson Group PLC | Add +26.5% | 0.02% | +0.00 |
| AMP Ameriprise Financial Inc. | Add +28.0% | 0.02% | +0.00 |
| KKR KKR & Co. Inc. | Add +28.1% | 0.02% | +0.00 |
| RJF Raymond James Financial Inc. | Add +28.1% | 0.02% | +0.00 |
| CG The Carlyle Group Inc. | Add +28.1% | 0.02% | +0.00 |
| BEN Franklin Templeton Inc. | Add +28.1% | 0.01% | +0.00 |
| BAP Credicorp Ltd. | Add +19.3% | 0.01% | +0.00 |
| CVE Cenovus Energy Inc. | Add +2.4% | 0.11% | +0.00 |
| COP Conocophillips | Add +3.1% | 0.16% | +0.00 |
| APAM Artisan Partners Asset Ma -A | Add +28.1% | 0.01% | +0.00 |
| OC Owens Corning | Add +24.9% | 0.12% | +0.00 |
| TROW T Rowe Price Group Inc. | Add +28.1% | 0.01% | +0.00 |
| BX Blackstone Inc. | Add +28.1% | 0.02% | +0.00 |
| AEP American Electric Power | New | 0.00% | +0.00 |
| ENB Enbridge Inc. | Add +3.9% | 0.11% | +0.00 |
| IEX Idex Corp. | Add +0.6% | 0.01% | +0.00 |
| VTR Ventas Inc. | Add +36.9% | 0.00% | +0.00 |
| DLR Digital Realty Trust Inc. | Add +74.1% | 0.00% | +0.00 |
| DUK Duke Energy Corp. | Add +57.4% | 0.00% | +0.00 |
| EQIX Equinix Inc. | Add +65.9% | 0.00% | +0.00 |
| KMI Kinder Morgan Inc. | Add +2.4% | 0.11% | +0.00 |
| PLD Prologis Inc. | Add +36.7% | 0.00% | +0.00 |
| SBAC SBA Communications Corp. | Add +58.0% | 0.00% | +0.00 |
| LNT Alliant Energy Corp. | Add +44.5% | 0.00% | +0.00 |
| AMT American Tower Corp. | Add +69.8% | 0.00% | +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 |