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

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 Q2 2025 Q3 2025: $6.3B Q3 2025 Q4 2025: $6.2B $6.2B Q4 2025 Q1 2026: $5.8B Q1 2026 Q2 2026: $5.9B Q2 2026

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%
MPWR Monolithic Power Systems Inc. 0.01% 423 $393K Reduce -8.2%
BIDU Baidu Inc. - Spon ADR 0.01% 3,074 $390K Add +5.8%
MSCI MSCI Inc. 0.01% 656 $384K Reduce -3.1%
RVTY Revvity Inc. 0.01% 3,899 $379K Reduce -3.0%
ENTG Entegris Inc. 0.01% 4,330 $372K Add +0.6%
ADUS Addus Homecare Corp. 0.01% 3,291 $362K Reduce -7.2%
VRT Vertiv Holdings Co. Class A 0.01% 2,165 $359K Reduce -24.3%
CDNS Cadence Design SYS Inc. 0.01% 1,102 $350K Add +0.6%
CHKP Check Point Software Tech 0.01% 1,836 $346K Add +0.7%
ZBRA Zebra Technologies Corp. Class A 0.00% 1,206 $296K Add +0.6%
JD Jd.com Inc.-ADR 0.00% 5,443 $159K Add +10.9%
VTR Ventas Inc. 0.00% 1,593 $127K Add +36.9%
BABA Alibaba Group Holding-SP ADR 0.00% 820 $122K Add +20.6%
PLD Prologis Inc. 0.00% 924 $119K Add +36.7%
BIP Brookfield Infrastructure Pa 0.00% 3,357 $117K Add +36.9%
DUK Duke Energy Corp. 0.00% 984 $116K Add +57.4%
EQIX Equinix Inc. 0.00% 151 $116K Add +65.9%
SBAC SBA Communications Corp. 0.00% 591 $114K Add +58.0%
DLR Digital Realty Trust Inc. 0.00% 733 $114K Add +74.1%
UNP Union Pacific Corp. 0.00% 486 $114K Add +46.8%
LNT Alliant Energy Corp. 0.00% 1,718 $112K Add +44.5%
WTRG Essential Utilities Inc. 0.00% 2,902 $112K Add +47.2%
AMT American Tower Corp. 0.00% 625 $110K Add +69.8%
DEC Diversified Energy Co. 0.00% 7,512 $109K No change
WEC WEC Energy Group Inc. 0.00% 1,032 $109K Add +46.6%
AEP American Electric Power 0.00% 930 $108K New
DOC Healthpeak Properties Inc. 0.00% 6,307 $101K Add +57.0%
ATHM Autohome Inc.-ADR 0.00% 3,271 $76K Add +20.7%
WM Waste Management Inc. 0.00% 78 $17K New
CPRT Copart Inc. 0.00% 434 $17K New
LIN Linde PLC 0.00% 40 $17K New
CTAS Cintas Corp. 0.00% 89 $17K New
ECL Ecolab Inc. 0.00% 64 $17K New
RSG Republic Services Inc. 0.00% 79 $17K New
DE Deere & Co. 0.00% 36 $17K New
XYL Xylem Inc. 0.00% 122 $17K New
ADSK Autodesk Inc. 0.00% 56 $17K New
ACM Aecom 0.00% 173 $17K New
CLH Clean Harbors Inc. 0.00% 70 $17K New
SNPS Synopsys Inc. 0.00% 35 $17K New
DSGX The Descartes Systems Grp 0.00% 188 $17K New
BMI Badger Meter Inc. 0.00% 93 $17K New
TTEK Tetra Tech Inc. 0.00% 489 $17K New
TRMB Trimble Inc. 0.00% 208 $17K New
FSS Federal Signal Corp. 0.00% 149 $17K New
PTC PTC Inc. 0.00% 94 $17K New

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

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