Magellan Asset Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Magellan Asset Management Ltd reported 78 stock positions worth $4.5 billion. Its top holding was Eversource Energy (ES) at 5.6% of the portfolio, followed by American Tower (AMT, 5.1%) and Xcel Energy (XEL, 5.1%). Compared with Q1 2026, it opened 2 new positions, sold out of 3, added to 35 and reduced 36. The biggest buy was Xcel Energy (XEL, shares +22%) and the biggest sale Amazon.com (AMZN, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, C3
- CIK
- 0001536105
- Portfolio Value
- $4.5B (Q2 2026)
- SEC Filing
- 0001536105-26-000006 ↗ filed Aug 13, 2026
Holdings Value
Holdings 78 stocks · $4.5B
| ES Eversource Energy | 5.55% | 3,437,065 | $248.4M | Reduce -44.4% |
| AMT American Tower Corp. | 5.14% | 1,406,263 | $230.0M | Reduce -6.5% |
| XEL Xcel Energy Inc. | 5.06% | 2,818,534 | $226.3M | Add +21.7% |
| CCI Crown Castle Inc. | 4.71% | 2,780,296 | $210.6M | Reduce -2.6% |
| SRE Sempra | 4.65% | 2,242,974 | $207.9M | Reduce -0.7% |
| CMS CMS Energy Corp. | 4.34% | 2,539,050 | $194.2M | Add +25.7% |
| EVRG Evergy Inc. | 4.20% | 2,173,521 | $187.9M | Reduce -3.1% |
| D Dominion Energy Inc. | 4.11% | 2,690,485 | $183.7M | Reduce -3.1% |
| MSFT Microsoft Corp. | 3.80% | 455,679 | $170.0M | Reduce -61.7% |
| TSM Taiwan Semiconductor-SP ADR | 3.68% | 344,465 | $164.5M | Reduce -70.8% |
| LNT Alliant Energy Corp. | 3.39% | 1,987,533 | $151.6M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 3.35% | 627,789 | $149.6M | Reduce -72.1% |
| WEC WEC Energy Group Inc. | 3.23% | 1,238,180 | $144.6M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 2.72% | 236,678 | $121.6M | Reduce -59.5% |
| GOOG Alphabet Inc. Class C | 2.61% | 330,458 | $116.8M | Reduce -19.3% |
| META Meta Platforms Inc. Class A | 2.26% | 179,071 | $100.9M | Reduce -64.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.56% | 139,845 | $70.0M | Reduce -58.0% |
| SPGI S&P Global Inc. | 1.54% | 168,908 | $68.8M | Add +6.6% |
| UNP Union Pacific Corp. | 1.53% | 251,472 | $68.4M | Reduce -2.2% |
| NFLX Netflix Inc. | 1.49% | 931,061 | $66.5M | Reduce -37.9% |
| NSC Norfolk Southern Corp. | 1.42% | 201,346 | $63.3M | Reduce -2.3% |
| YUM Yum! Brands Inc. | 1.28% | 358,827 | $57.4M | Reduce -73.8% |
| SO The Southern Co. | 1.27% | 592,268 | $56.7M | Add +8.6% |
| AEP American Electric Power | 1.26% | 413,164 | $56.5M | Add +2.5% |
| DUK Duke Energy Corp. | 1.25% | 442,471 | $56.0M | Add +9.9% |
| ETR Entergy Corp. | 1.24% | 482,755 | $55.4M | Add +3.1% |
| NEE Nextera Energy Inc. | 1.23% | 624,979 | $54.9M | Add +9.7% |
| EXC Exelon Corp. | 1.20% | 1,152,083 | $53.7M | Add +5.5% |
| TMO Thermo Fisher Scientific Inc. | 1.19% | 105,936 | $53.1M | Add +27.4% |
| ICE Intercontinental Exchange Inc. | 1.10% | 400,494 | $49.3M | Reduce -66.2% |
| ZBH Zimmer Biomet Holdings Inc. | 1.10% | 570,409 | $49.1M | Add +3.6% |
| DG Dollar General Corp. | 1.02% | 398,171 | $45.8M | Reduce -2.4% |
| ED Consolidated Edison Inc. | 1.02% | 410,364 | $45.4M | Add +5.0% |
| PEG Public Service Enterprise GP | 0.99% | 548,309 | $44.5M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 0.97% | 104,330 | $43.4M | Reduce -85.5% |
| CSX CSX Corp. | 0.95% | 891,356 | $42.4M | Reduce -51.7% |
| INTU Intuit Inc. | 0.86% | 148,165 | $38.7M | Reduce -59.1% |
| AEE Ameren Corporation | 0.77% | 305,654 | $34.6M | Add +2.5% |
| BKNG Booking Holdings Inc. | 0.77% | 192,996 | $34.4M | Reduce -33.5% |
| DTE DTE Energy Company | 0.77% | 225,684 | $34.4M | Add +2.5% |
| ATO Atmos Energy Corp. | 0.72% | 186,934 | $32.2M | Add +3.1% |
| CNP Centerpoint Energy Inc. | 0.69% | 697,825 | $30.7M | Add +2.1% |
| FE Firstenergy Corp. | 0.67% | 630,371 | $30.0M | Add +2.4% |
| AWK American Water Works Co. Inc. | 0.66% | 223,384 | $29.4M | Add +3.1% |
| PPL PPL Corp. | 0.63% | 778,473 | $28.3M | Add +2.3% |
| NI Nisource Inc. | 0.57% | 532,855 | $25.3M | Add +7.1% |
| V Visa Inc. Class A | 0.46% | 60,505 | $20.8M | Reduce -90.9% |
| SBAC SBA Communications Corp. | 0.46% | 115,963 | $20.5M | Add +2.9% |
| CMG Chipotle Mexican Grill Inc. | 0.38% | 506,165 | $17.2M | Reduce -86.9% |
| GOOGL Alphabet Inc. Class A | 0.37% | 46,773 | $16.7M | Reduce -93.1% |
| PG The Procter & Gamble Co. | 0.32% | 96,860 | $14.2M | Reduce -92.6% |
| PNW Pinnacle West Capital | 0.31% | 127,654 | $13.7M | Add +10.7% |
| WTRG Essential Utilities Inc. | 0.27% | 320,787 | $12.3M | Add +8.5% |
| OGE Oge Energy Corp. | 0.25% | 231,574 | $11.3M | Add +3.4% |
| MSCI MSCI Inc. | 0.22% | 17,396 | $9.7M | Reduce -93.8% |
| IDA Idacorp Inc. | 0.20% | 58,544 | $8.9M | Add +16.8% |
| MDT Medtronic PLC | 0.20% | 113,048 | $8.8M | Reduce -92.2% |
| CME Cme Group Inc. | 0.18% | 36,996 | $8.2M | Reduce -88.7% |
| SWX Southwest Gas Holdings Inc. | 0.15% | 77,010 | $6.8M | New |
| TXNM TXNM Energy Inc. | 0.15% | 116,027 | $6.6M | Add +4.2% |
| BKH Black Hills Corp. | 0.14% | 85,307 | $6.3M | Add +15.0% |
| SYK Stryker Corp. | 0.14% | 20,099 | $6.3M | Reduce -93.3% |
| POR Portland General Electric Co. | 0.14% | 118,083 | $6.1M | Add +14.7% |
| HD Home Depot Inc. | 0.12% | 14,775 | $5.2M | Add +37.7% |
| MDLZ Mondelez International Inc. Class A | 0.11% | 88,741 | $5.1M | Reduce -12.3% |
| MDU Mdu Resources Group Inc. | 0.11% | 231,541 | $4.9M | New |
| NWE Northwestern Energy Group Inc. | 0.11% | 67,305 | $4.8M | Add +2.2% |
| OGS One Gas Inc. | 0.10% | 59,113 | $4.6M | Add +2.4% |
| SR Spire Inc. | 0.10% | 57,949 | $4.5M | Add +3.4% |
| KO The Coca-Cola Co. | 0.08% | 41,619 | $3.4M | Reduce -97.4% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.07% | 36,743 | $3.0M | No change |
| CWT California Water Service Grp | 0.07% | 61,416 | $3.0M | No change |
| AVA Avista Corp. | 0.06% | 70,956 | $2.9M | Reduce -0.3% |
| MGEE Mge Energy Inc. | 0.05% | 29,683 | $2.4M | No change |
| NWN Northwest Natural Holding Co. | 0.05% | 46,167 | $2.3M | Add +5.1% |
| CPK Chesapeake Utilities Corp. | 0.05% | 17,200 | $2.1M | Add +5.7% |
| HTO H2O America | 0.04% | 29,063 | $1.8M | No change |
| MSEX Middlesex Water Co. | 0.02% | 15,503 | $871K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| AMZN Amazon.com Inc. | Reduce -72.1% | 3.35% | −2.73 |
| GOOGL Alphabet Inc. Class A | Reduce -93.1% | 0.37% | −2.15 |
| V Visa Inc. Class A | Reduce -90.9% | 0.46% | −2.14 |
| PG The Procter & Gamble Co. | Reduce -92.6% | 0.32% | −2.12 |
| MSFT Microsoft Corp. | Reduce -61.7% | 3.80% | −1.91 |
| MSCI MSCI Inc. | Reduce -93.8% | 0.22% | −1.73 |
| UNH Unitedhealth Group Inc. | Reduce -85.5% | 0.97% | −1.56 |
| KO The Coca-Cola Co. | Reduce -97.4% | 0.08% | −1.52 |
| META Meta Platforms Inc. Class A | Reduce -64.7% | 2.26% | −1.51 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -70.8% | 3.68% | −1.49 |
| YUM Yum! Brands Inc. | Reduce -73.8% | 1.28% | −1.48 |
| MDT Medtronic PLC | Reduce -92.2% | 0.20% | −1.44 |
| ICE Intercontinental Exchange Inc. | Reduce -66.2% | 1.10% | −1.32 |
| CMG Chipotle Mexican Grill Inc. | Reduce -86.9% | 0.38% | −1.22 |
| INTU Intuit Inc. | Reduce -59.1% | 0.86% | −1.17 |
| SYK Stryker Corp. | Reduce -93.3% | 0.14% | −1.14 |
| MA Mastercard Inc. Class A | Reduce -59.5% | 2.72% | −1.07 |
| CME Cme Group Inc. | Reduce -88.7% | 0.18% | −1.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -58.0% | 1.56% | −0.50 |
| NFLX Netflix Inc. | Reduce -37.9% | 1.49% | −0.39 |
| CSX CSX Corp. | Reduce -51.7% | 0.95% | −0.04 |
| ES Eversource Energy | Reduce -44.4% | 5.55% | −0.00 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.00 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.00 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.00 |
| AVA Avista Corp. | Reduce -0.3% | 0.06% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -12.3% | 0.11% | +0.04 |
| BKNG Booking Holdings Inc. | Reduce -33.5% | 0.77% | +0.13 |
| DG Dollar General Corp. | Reduce -2.4% | 1.02% | +0.40 |
| NSC Norfolk Southern Corp. | Reduce -2.3% | 1.42% | +0.65 |
| UNP Union Pacific Corp. | Reduce -2.2% | 1.53% | +0.72 |
| GOOG Alphabet Inc. Class C | Reduce -19.3% | 2.61% | +1.09 |
| WEC WEC Energy Group Inc. | Reduce -1.8% | 3.23% | +1.34 |
| LNT Alliant Energy Corp. | Reduce -2.3% | 3.39% | +1.50 |
| CCI Crown Castle Inc. | Reduce -2.6% | 4.71% | +1.70 |
| AMT American Tower Corp. | Reduce -6.5% | 5.14% | +1.78 |
| SRE Sempra | Reduce -0.7% | 4.65% | +1.80 |
| EVRG Evergy Inc. | Reduce -3.1% | 4.20% | +1.82 |
| D Dominion Energy Inc. | Reduce -3.1% | 4.11% | +1.88 |
Portfolio Buys Q1 2026 → Q2 2026
| XEL Xcel Energy Inc. | Add +21.7% | 5.06% | +2.67 |
| CMS CMS Energy Corp. | Add +25.7% | 4.34% | +2.31 |
| SPGI S&P Global Inc. | Add +6.6% | 1.54% | +0.66 |
| TMO Thermo Fisher Scientific Inc. | Add +27.4% | 1.19% | +0.66 |
| SO The Southern Co. | Add +8.6% | 1.27% | +0.58 |
| AEP American Electric Power | Add +2.5% | 1.26% | +0.58 |
| DUK Duke Energy Corp. | Add +9.9% | 1.25% | +0.57 |
| ETR Entergy Corp. | Add +3.1% | 1.24% | +0.56 |
| NEE Nextera Energy Inc. | Add +9.7% | 1.23% | +0.54 |
| EXC Exelon Corp. | Add +5.5% | 1.20% | +0.51 |
| ZBH Zimmer Biomet Holdings Inc. | Add +3.6% | 1.10% | +0.45 |
| PEG Public Service Enterprise GP | Add +4.7% | 0.99% | +0.45 |
| ED Consolidated Edison Inc. | Add +5.0% | 1.02% | +0.44 |
| DTE DTE Energy Company | Add +2.5% | 0.77% | +0.35 |
| AEE Ameren Corporation | Add +2.5% | 0.77% | +0.35 |
| CNP Centerpoint Energy Inc. | Add +2.1% | 0.69% | +0.30 |
| ATO Atmos Energy Corp. | Add +3.1% | 0.72% | +0.29 |
| AWK American Water Works Co. Inc. | Add +3.1% | 0.66% | +0.27 |
| FE Firstenergy Corp. | Add +2.4% | 0.67% | +0.27 |
| NI Nisource Inc. | Add +7.1% | 0.57% | +0.27 |
| PPL PPL Corp. | Add +2.3% | 0.63% | +0.26 |
| SBAC SBA Communications Corp. | Add +2.9% | 0.46% | +0.21 |
| PNW Pinnacle West Capital | Add +10.7% | 0.31% | +0.15 |
| SWX Southwest Gas Holdings Inc. | New | 0.15% | +0.15 |
| WTRG Essential Utilities Inc. | Add +8.5% | 0.27% | +0.12 |
| OGE Oge Energy Corp. | Add +3.4% | 0.25% | +0.11 |
| MDU Mdu Resources Group Inc. | New | 0.11% | +0.11 |
| IDA Idacorp Inc. | Add +16.8% | 0.20% | +0.11 |
| BKH Black Hills Corp. | Add +15.0% | 0.14% | +0.08 |
| HD Home Depot Inc. | Add +37.7% | 0.12% | +0.07 |
| POR Portland General Electric Co. | Add +14.7% | 0.14% | +0.07 |
| TXNM TXNM Energy Inc. | Add +4.2% | 0.15% | +0.06 |
| NWE Northwestern Energy Group Inc. | Add +2.2% | 0.11% | +0.05 |
| OGS One Gas Inc. | Add +2.4% | 0.10% | +0.04 |
| SR Spire Inc. | Add +3.4% | 0.10% | +0.04 |
| CPK Chesapeake Utilities Corp. | Add +5.7% | 0.05% | +0.02 |
| NWN Northwest Natural Holding Co. | Add +5.1% | 0.05% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 78 | $4.5B | ES, AMT, XEL, CCI, SRE |
| Q1 2026 | 79 | $7.7B | AMZN, MSFT, ES, TSM, MA |
| Q4 2025 | 80 | $8.2B | AMZN, MSFT, ES, TSM, MA |
| Q3 2025 | 82 | $8.4B | AMZN, MSFT, ES, TSM, MA |
| Q2 2025 | 84 | $8.7B | MSFT, AMZN, META, ES, TSM |
| Q1 2025 | 87 | $8.2B | MSFT, AMZN, ES, MA, META |
| Q4 2024 | 87 | $9.1B | AMZN, MSFT, MA, ES, META |
| Q3 2024 | 117 | $10.0B | AMZN, MSFT, META, ES, ICE |
| Q2 2024 | 154 | $10.5B | MSFT, AMZN, ICE, UNH, META |
| Q1 2024 | 155 | $10.5B | MSFT, AMZN, ICE, UNH, V |