Magellan Asset Management Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Magellan Asset Management Ltd reported 154 stock positions worth $10.5 billion. Its top holding was Microsoft (MSFT) at 7.4% of the portfolio, followed by Amazon.com (AMZN, 7.1%) and Intercontinental Exchange (ICE, 4.8%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 76 and reduced 41. The biggest buy was a new position in Novo-Nordisk A/S-Spons ADR (NVO) and the biggest sale Chipotle Mexican Grill (CMG, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, C3
- CIK
- 0001536105
- Portfolio Value
- $10.5B (Q2 2024)
- SEC Filing
- 0001085146-24-003734 ↗ filed Aug 13, 2024
Holdings Value
Holdings 154 stocks · $10.5B
| MSFT Microsoft Corp. | 7.43% | 1,745,420 | $780.1M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 7.13% | 3,876,632 | $749.2M | Reduce -5.9% |
| ICE Intercontinental Exchange Inc. | 4.77% | 3,658,162 | $500.8M | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 4.32% | 891,277 | $453.9M | Add +1.0% |
| META Meta Platforms Inc. Class A | 4.08% | 851,002 | $429.1M | Add +8.4% |
| NFLX Netflix Inc. | 3.66% | 569,288 | $384.2M | Add +15.7% |
| V Visa Inc. Class A | 3.54% | 1,415,194 | $371.4M | Reduce -2.3% |
| AAPL Apple Inc. | 3.51% | 1,750,673 | $368.7M | Add +17.0% |
| MA Mastercard Inc. Class A | 3.44% | 818,049 | $360.9M | Reduce -2.5% |
| INTU Intuit Inc. | 3.30% | 528,021 | $347.0M | Reduce -0.0% |
| CL Colgate-Palmolive Co. | 3.04% | 3,285,665 | $318.8M | Reduce -4.9% |
| TT Trane Technologies PLC | 2.91% | 930,281 | $306.0M | Reduce -11.8% |
| ES Eversource Energy | 2.86% | 5,303,657 | $300.8M | Add +36.0% |
| YUM Yum! Brands Inc. | 2.72% | 2,157,953 | $285.8M | Reduce -14.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.59% | 1,903,280 | $271.7M | New |
| HCA HCA Healthcare Inc. | 2.52% | 824,019 | $264.7M | Reduce -3.8% |
| SYK Stryker Corp. | 2.46% | 760,708 | $258.8M | Reduce -4.0% |
| AMT American Tower Corp. | 2.45% | 1,324,829 | $257.5M | Add +4.6% |
| CMG Chipotle Mexican Grill Inc. | 2.45% | 4,100,859 | $256.9M | Reduce -40.0% |
| D Dominion Energy Inc. | 2.09% | 4,487,635 | $219.9M | Reduce -7.5% |
| SRE Sempra | 2.08% | 2,869,139 | $218.2M | Reduce -13.0% |
| GOOG Alphabet Inc. Class C | 1.97% | 1,127,587 | $206.8M | Reduce -20.9% |
| NSC Norfolk Southern Corp. | 1.97% | 962,529 | $206.6M | Add +15.9% |
| RSG Republic Services Inc. | 1.78% | 961,321 | $186.8M | Reduce -3.8% |
| WEC WEC Energy Group Inc. | 1.78% | 2,377,607 | $186.5M | Reduce -37.1% |
| XEL Xcel Energy Inc. | 1.76% | 3,457,204 | $184.6M | Add +15.5% |
| GOOGL Alphabet Inc. Class A | 1.60% | 922,333 | $168.0M | Reduce -3.8% |
| CSX CSX Corp. | 1.55% | 4,853,481 | $162.3M | Add +8.1% |
| LOW Lowe's Cos Inc. | 1.43% | 683,111 | $150.6M | Reduce -14.5% |
| CCI Crown Castle Inc. | 1.22% | 1,310,515 | $128.0M | Add +17.0% |
| BKNG Booking Holdings Inc. | 0.99% | 26,181 | $103.7M | Add +4.2% |
| AWK American Water Works Co. Inc. | 0.92% | 745,408 | $96.3M | Add +0.1% |
| CMS CMS Energy Corp. | 0.88% | 1,548,180 | $92.2M | Reduce -29.3% |
| LNT Alliant Energy Corp. | 0.85% | 1,749,186 | $89.0M | Reduce -30.4% |
| MCD McDonald's Corp. | 0.76% | 312,413 | $79.6M | Reduce -31.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.65% | 391,393 | $68.0M | Add +14.4% |
| DG Dollar General Corp. | 0.44% | 350,028 | $46.3M | Add +42.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 102,472 | $41.7M | No change |
| USB US Bancorp | 0.37% | 974,991 | $38.7M | Add +55.3% |
| ULTA Ulta Beauty Inc. | 0.34% | 91,505 | $35.3M | Add +171.4% |
| SO The Southern Co. | 0.32% | 430,355 | $33.4M | Reduce -3.9% |
| AEP American Electric Power | 0.32% | 380,291 | $33.4M | Add +2.3% |
| DUK Duke Energy Corp. | 0.31% | 328,705 | $32.9M | Reduce -0.3% |
| EXC Exelon Corp. | 0.30% | 922,482 | $31.9M | Add +11.7% |
| PEG Public Service Enterprise GP | 0.30% | 431,106 | $31.8M | Add +1.0% |
| NEE Nextera Energy Inc. | 0.30% | 445,782 | $31.6M | Add +74073.4% |
| ED Consolidated Edison Inc. | 0.27% | 321,097 | $28.7M | Add +8.4% |
| CRM Salesforce Inc. | 0.25% | 102,628 | $26.4M | Add +18.9% |
| ETR Entergy Corp. | 0.19% | 188,311 | $20.1M | Add +2.6% |
| DTE DTE Energy Company | 0.19% | 181,289 | $20.1M | Add +3.7% |
| SBAC SBA Communications Corp. | 0.19% | 100,879 | $19.8M | Add +9.4% |
| FE Firstenergy Corp. | 0.19% | 508,876 | $19.5M | Add +7.0% |
| PPL PPL Corp. | 0.17% | 640,618 | $17.7M | Add +1.3% |
| AEE Ameren Corporation | 0.17% | 244,363 | $17.4M | Add +10.2% |
| CNP Centerpoint Energy Inc. | 0.17% | 559,488 | $17.3M | Add +4.9% |
| ATO Atmos Energy Corp. | 0.16% | 140,949 | $16.4M | Add +11.8% |
| NI Nisource Inc. | 0.11% | 417,200 | $12.0M | Add +10.1% |
| EVRG Evergy Inc. | 0.10% | 202,052 | $10.7M | Add +3.5% |
| WTRG Essential Utilities Inc. | 0.09% | 247,377 | $9.2M | Add +10.3% |
| PNW Pinnacle West Capital | 0.07% | 100,562 | $7.7M | Add +5.3% |
| MDLZ Mondelez International Inc. Class A | 0.07% | 116,680 | $7.6M | Reduce -8.6% |
| KO The Coca-Cola Co. | 0.07% | 111,661 | $7.1M | Reduce -2.2% |
| OGE Oge Energy Corp. | 0.06% | 190,572 | $6.8M | Add +11.7% |
| AGR Avangrid Inc. | 0.05% | 159,558 | $5.7M | Reduce -4.4% |
| IDA Idacorp Inc. | 0.04% | 46,657 | $4.3M | Add +9.2% |
| AXP American Express Co. | 0.04% | 17,648 | $4.1M | Reduce -0.9% |
| POR Portland General Electric Co. | 0.04% | 88,342 | $3.8M | Add +15.8% |
| PG The Procter & Gamble Co. | 0.03% | 21,574 | $3.6M | Reduce -1.6% |
| OGS One Gas Inc. | 0.03% | 51,553 | $3.3M | Add +17.7% |
| BKH Black Hills Corp. | 0.03% | 60,529 | $3.3M | Add +12.6% |
| ALE Allete Inc. | 0.03% | 51,659 | $3.2M | Add +14.4% |
| SBUX Starbucks Corp. | 0.03% | 35,292 | $2.7M | Add +11.3% |
| NWE Northwestern Energy Group Inc. | 0.03% | 53,085 | $2.7M | Add +21.4% |
| SR Spire Inc. | 0.03% | 43,560 | $2.6M | Add +19.6% |
| FISV Fiserv Inc. | 0.02% | 17,175 | $2.6M | No change |
| TXNM TXNM Energy Inc. filed as PNM RES INC | 0.02% | 68,010 | $2.5M | Add +16.1% |
| CWT California Water Service Grp | 0.02% | 45,169 | $2.2M | Add +22.5% |
| MGEE Mge Energy Inc. | 0.02% | 29,029 | $2.2M | Add +10.3% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.02% | 27,584 | $2.0M | Add +1.1% |
| AVA Avista Corp. | 0.02% | 56,780 | $2.0M | Add +20.4% |
| CPK Chesapeake Utilities Corp. | 0.01% | 12,973 | $1.4M | Add +26.9% |
| HTO H2O America filed as SJW GROUP | 0.01% | 25,016 | $1.4M | Add +16.5% |
| ESGD iShares Trust iShares ESG Aw | 0.01% | 16,948 | $1.3M | Reduce -49.9% |
| NWN Northwest Natural Holding Co. | 0.01% | 28,522 | $1.0M | Add +25.2% |
| HD Home Depot Inc. | 0.01% | 2,797 | $963K | Add +11.1% |
| MSEX Middlesex Water Co. | 0.01% | 17,600 | $920K | Add +18.1% |
| LLY Eli Lilly & Co. | 0.01% | 984 | $891K | Reduce -14.4% |
| ADBE Adobe Inc. | 0.01% | 1,367 | $759K | Add +24.1% |
| COST Costco Wholesale Corp. | 0.01% | 832 | $707K | Reduce -21.9% |
| PEP Pepsico Inc. | 0.01% | 3,908 | $645K | Reduce -9.9% |
| SPGI S&P Global Inc. | 0.01% | 1,314 | $586K | Add +24.9% |
| CME Cme Group Inc. | 0.00% | 1,999 | $393K | Add +17.2% |
| MCO Moody's Corp. | 0.00% | 848 | $357K | Add +25.8% |
| ISRG Intuitive Surgical Inc. | 0.00% | 764 | $340K | Add +19.9% |
| BLK BlackRock Finance Inc. | 0.00% | 393 | $309K | Add +20.6% |
| ECL Ecolab Inc. | 0.00% | 1,127 | $268K | Add +21.7% |
| SHOP Shopify Inc. Class A | 0.00% | 3,843 | $254K | Add +28.3% |
| WMT Walmart Inc. | 0.00% | 3,704 | $251K | Reduce -16.5% |
| UNP Union Pacific Corp. | 0.00% | 1,093 | $247K | Add +21.3% |
| ADSK Autodesk Inc. | 0.00% | 994 | $246K | Add +23.5% |
Portfolio Sells Q1 2024 → Q2 2024
| CMG Chipotle Mexican Grill Inc. | Reduce -40.0% | 2.45% | −1.35 |
| WEC WEC Energy Group Inc. | Reduce -37.1% | 1.78% | −1.19 |
| YUM Yum! Brands Inc. | Reduce -14.0% | 2.72% | −0.60 |
| LOW Lowe's Cos Inc. | Reduce -14.5% | 1.43% | −0.51 |
| MCD McDonald's Corp. | Reduce -31.5% | 0.76% | −0.47 |
| MA Mastercard Inc. Class A | Reduce -2.5% | 3.44% | −0.42 |
| CMS CMS Energy Corp. | Reduce -29.3% | 0.88% | −0.38 |
| LNT Alliant Energy Corp. | Reduce -30.4% | 0.85% | −0.36 |
| V Visa Inc. Class A | Reduce -2.3% | 3.54% | −0.32 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.26 |
| SYK Stryker Corp. | Reduce -4.0% | 2.46% | −0.24 |
| COF Capital One Financial Corp. | Reduce -99.7% | 0.00% | −0.22 |
| HCA HCA Healthcare Inc. | Reduce -3.8% | 2.52% | −0.21 |
| ICE Intercontinental Exchange Inc. | Reduce -3.5% | 4.77% | −0.21 |
| D Dominion Energy Inc. | Reduce -7.5% | 2.09% | −0.18 |
| SRE Sempra | Reduce -13.0% | 2.08% | −0.18 |
| TT Trane Technologies PLC | Reduce -11.8% | 2.91% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -20.9% | 1.97% | −0.11 |
| MSFT Microsoft Corp. | Reduce -6.8% | 7.43% | −0.10 |
| RSG Republic Services Inc. | Reduce -3.8% | 1.78% | −0.05 |
| ESGD iShares Trust iShares ESG Aw | Reduce -49.9% | 0.01% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -8.6% | 0.07% | −0.01 |
| AGR Avangrid Inc. | Reduce -4.4% | 0.05% | −0.00 |
| NKE Nike Inc. Class B | Reduce -44.0% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -9.9% | 0.01% | −0.00 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.00 |
| EL Estee Lauder Companies Class A | Reduce -44.8% | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -21.9% | 0.01% | −0.00 |
| WMT Walmart Inc. | Reduce -16.5% | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -14.4% | 0.01% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.03% | −0.00 |
| ROK Rockwell Automation Inc. | Reduce -14.6% | 0.00% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -9.6% | 0.00% | 0.00 |
| TSCO Tractor Supply Company | Reduce -0.9% | 0.00% | 0.00 |
| ETN Eaton Corp. PLC | Reduce -8.4% | 0.00% | 0.00 |
| AXP American Express Co. | Reduce -0.9% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Reduce -2.2% | 0.07% | +0.00 |
| DUK Duke Energy Corp. | Reduce -0.3% | 0.31% | +0.01 |
| SO The Southern Co. | Reduce -3.9% | 0.32% | +0.01 |
| INTU Intuit Inc. | Reduce -0.0% | 3.30% | +0.03 |
| AMZN Amazon.com Inc. | Reduce -5.9% | 7.13% | +0.03 |
| CL Colgate-Palmolive Co. | Reduce -4.9% | 3.04% | +0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 1.60% | +0.22 |
Portfolio Buys Q1 2024 → Q2 2024
| NVO Novo-Nordisk A/S-Spons ADR | New | 2.59% | +2.59 |
| AAPL Apple Inc. | Add +17.0% | 3.51% | +1.06 |
| NFLX Netflix Inc. | Add +15.7% | 3.66% | +0.80 |
| ES Eversource Energy | Add +36.0% | 2.86% | +0.64 |
| META Meta Platforms Inc. Class A | Add +8.4% | 4.08% | +0.44 |
| NEE Nextera Energy Inc. | Add +74073.4% | 0.30% | +0.30 |
| XEL Xcel Energy Inc. | Add +15.5% | 1.76% | +0.22 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.4% | 0.65% | +0.20 |
| ULTA Ulta Beauty Inc. | Add +171.4% | 0.34% | +0.17 |
| UNH Unitedhealth Group Inc. | Add +1.0% | 4.32% | +0.15 |
| BKNG Booking Holdings Inc. | Add +4.2% | 0.99% | +0.12 |
| USB US Bancorp | Add +55.3% | 0.37% | +0.10 |
| CCI Crown Castle Inc. | Add +17.0% | 1.22% | +0.09 |
| DG Dollar General Corp. | Add +42.0% | 0.44% | +0.07 |
| AMT American Tower Corp. | Add +4.6% | 2.45% | +0.06 |
| AWK American Water Works Co. Inc. | Add +0.1% | 0.92% | +0.05 |
| PEG Public Service Enterprise GP | Add +1.0% | 0.30% | +0.03 |
| CNP Centerpoint Energy Inc. | Add +4.9% | 0.17% | +0.02 |
| ED Consolidated Edison Inc. | Add +8.4% | 0.27% | +0.02 |
| NI Nisource Inc. | Add +10.1% | 0.11% | +0.01 |
| ATO Atmos Energy Corp. | Add +11.8% | 0.16% | +0.01 |
| AEP American Electric Power | Add +2.3% | 0.32% | +0.01 |
| FE Firstenergy Corp. | Add +7.0% | 0.19% | +0.01 |
| OGE Oge Energy Corp. | Add +11.7% | 0.06% | +0.01 |
| AEE Ameren Corporation | Add +10.2% | 0.17% | +0.01 |
| WTRG Essential Utilities Inc. | Add +10.3% | 0.09% | +0.01 |
| EXC Exelon Corp. | Add +11.7% | 0.30% | +0.01 |
| ETR Entergy Corp. | Add +2.6% | 0.19% | +0.01 |
| POR Portland General Electric Co. | Add +15.8% | 0.04% | +0.01 |
| ALE Allete Inc. | Add +14.4% | 0.03% | +0.00 |
| PNW Pinnacle West Capital | Add +5.3% | 0.07% | +0.00 |
| CWT California Water Service Grp | Add +22.5% | 0.02% | +0.00 |
| DTE DTE Energy Company | Add +3.7% | 0.19% | +0.00 |
| OGS One Gas Inc. | Add +17.7% | 0.03% | +0.00 |
| NWE Northwestern Energy Group Inc. | Add +21.4% | 0.03% | +0.00 |
| SR Spire Inc. | Add +19.6% | 0.03% | +0.00 |
| IDA Idacorp Inc. | Add +9.2% | 0.04% | +0.00 |
| BKH Black Hills Corp. | Add +12.6% | 0.03% | +0.00 |
| CRM Salesforce Inc. | Add +18.9% | 0.25% | +0.00 |
| AVA Avista Corp. | Add +20.4% | 0.02% | +0.00 |
| TXNM TXNM Energy Inc. | Add +16.1% | 0.02% | +0.00 |
| CPK Chesapeake Utilities Corp. | Add +26.9% | 0.01% | +0.00 |
| EVRG Evergy Inc. | Add +3.5% | 0.10% | +0.00 |
| PPL PPL Corp. | Add +1.3% | 0.17% | +0.00 |
| ADBE Adobe Inc. | Add +24.1% | 0.01% | +0.00 |
| NWN Northwest Natural Holding Co. | Add +25.2% | 0.01% | +0.00 |
| MSEX Middlesex Water Co. | Add +18.1% | 0.01% | +0.00 |
| SPGI S&P Global Inc. | Add +24.9% | 0.01% | +0.00 |
| HTO H2O America | Add +16.5% | 0.01% | +0.00 |
| MGEE Mge Energy Inc. | Add +10.3% | 0.02% | +0.00 |
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 |