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

0$5.0B$10.0B$15.0B Q1 2024: $10.5B Q1 2024 Q2 2024: $10.5B $10.5B Q2 2024 Q3 2024: $10.0B Q3 2024 Q4 2024: $9.1B Q4 2024 Q1 2025: $8.2B Q1 2025 Q2 2025: $8.7B Q2 2025 Q3 2025: $8.4B Q3 2025 Q4 2025: $8.2B Q4 2025 Q1 2026: $7.7B Q1 2026 Q2 2026: $4.5B Q2 2026

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%
SCHW Schwab (charles) Corp. 0.00% 3,140 $231K Add +24.9%
NKE Nike Inc. Class B 0.00% 3,031 $228K Reduce -44.0%
MAR Marriott International Class A 0.00% 910 $220K Add +18.2%
MSCI MSCI Inc. 0.00% 421 $203K Add +25.3%
ZTS Zoetis Inc. 0.00% 1,012 $175K Add +22.5%
HLT Hilton Worldwide Holdings Inc. 0.00% 798 $174K Add +13.5%
DE Deere & Co. 0.00% 391 $146K Add +26.5%
AON Aon PLC Class A 0.00% 492 $144K Add +46.9%
WM Waste Management Inc. 0.00% 669 $143K No change
VRSK Verisk Analytics Inc. 0.00% 476 $128K Add +6.0%
ALC Alcon Inc. filed as ALCON AG 0.00% 1,102 $98K Add +1.4%
ADP Automatic Data Processing 0.00% 277 $66K Add +15.4%
ROK Rockwell Automation Inc. 0.00% 229 $63K Reduce -14.6%
TSCO Tractor Supply Company 0.00% 230 $62K Reduce -0.9%
COF Capital One Financial Corp. 0.00% 424 $59K Reduce -99.7%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.00% 522 $56K Reduce -44.8%
TSLA Tesla Inc. 0.00% 203 $40K Add +17.3%
HON Honeywell International Inc. 0.00% 183 $39K Add +4.0%
TXN Texas Instruments Inc. 0.00% 188 $37K Reduce -9.6%
ETN Eaton Corp. PLC 0.00% 109 $34K Reduce -8.4%
ADI Analog Devices Inc. 0.00% 146 $33K No change
IQV Iqvia Holdings Inc. 0.00% 134 $28K No change
SNPS Synopsys Inc. 0.00% 45 $27K No change
CDNS Cadence Design SYS Inc. 0.00% 80 $25K No change
APH Amphenol Corp. Class A 0.00% 350 $24K No change
YUMC Yum China Holdings Inc. 0.00% 696 $21K No change
NXPI NXP Semiconductors NV 0.00% 76 $20K Add +2.7%
PH Parker Hannifin Corp. 0.00% 38 $19K No change
EMR Emerson Electric Co. 0.00% 166 $18K No change
APD Air Products & Chemicals Inc. 0.00% 66 $17K No change
CARR Carrier Global Corp. 0.00% 247 $16K No change
JCI Johnson Controls Internation 0.00% 203 $13K No change
TEL Te Connectivity Ltd. 0.00% 89 $13K No change
WCN Waste Connections Inc. 0.00% 76 $13K No change
VRSN Verisign Inc. 0.00% 60 $11K No change
ON On Semiconductor 0.00% 127 $9K No change
PPG PPG Industries Inc. 0.00% 69 $9K No change
ANSS Ansys Inc. 0.00% 26 $8K No change
WAB Wabtec Corp. 0.00% 52 $8K No change
CSL Carlisle Cos Inc. 0.00% 15 $6K No change
HUBB Hubbell Inc. 0.00% 16 $6K No change
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.00% 80 $6K No change
LII Lennox International Inc. 0.00% 9 $5K No change
WWD Woodward Inc. 0.00% 18 $3K No change
CGNX Cognex Corp. 0.00% 49 $2K No change
AYI Acuity Inc. 0.00% 9 $2K No change
LFUS Littelfuse Inc. 0.00% 7 $2K No change
ST Sensata Technologies Holdplc 0.00% 45 $2K No change
HXL Hexcel Corp. 0.00% 25 $2K No change
POWI Power Integrations Inc. 0.00% 17 $1K No change
HUN Huntsman Corp. 0.00% 52 $1K No change
SLAB Silicon Laboratories Inc. 0.00% 10 $1K No change
BEPC Brookfield Renewable Cor-A 0.00% 38 $1K No change
SEDG Solaredge Technologies Inc. 0.00% 16 $404 No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 78$4.5BES, AMT, XEL, CCI, SRE
Q1 2026 79$7.7BAMZN, MSFT, ES, TSM, MA
Q4 2025 80$8.2BAMZN, MSFT, ES, TSM, MA
Q3 2025 82$8.4BAMZN, MSFT, ES, TSM, MA
Q2 2025 84$8.7BMSFT, AMZN, META, ES, TSM
Q1 2025 87$8.2BMSFT, AMZN, ES, MA, META
Q4 2024 87$9.1BAMZN, MSFT, MA, ES, META
Q3 2024 117$10.0BAMZN, MSFT, META, ES, ICE
Q2 2024 154$10.5BMSFT, AMZN, ICE, UNH, META
Q1 2024 155$10.5BMSFT, AMZN, ICE, UNH, V