Magellan Asset Management Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Magellan Asset Management Ltd reported 117 stock positions worth $10.0 billion. Its top holding was Amazon.com (AMZN) at 6.6% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Meta Platforms Class A (META, 4.2%). Compared with Q2 2024, it opened 1 new position, sold out of 38, added to 19 and reduced 89. The biggest buy was Eversource Energy (ES, shares +5%) and the biggest sale Microsoft (MSFT, shares −21%).

Most Recent 13F
Q2 2026
Location
Sydney, C3
CIK
0001536105
Portfolio Value
$10.0B (Q3 2024)
SEC Filing
0001085146-24-005718 ↗ filed Nov 14, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.5B Q1 2024 Q2 2024: $10.5B Q2 2024 Q3 2024: $10.0B $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 117 stocks · $10.0B

AMZN Amazon.com Inc. 6.58% 3,545,439 $660.6M Reduce -8.5%
MSFT Microsoft Corp. 5.91% 1,380,486 $594.0M Reduce -20.9%
META Meta Platforms Inc. Class A 4.20% 737,438 $422.1M Reduce -13.3%
ES Eversource Energy 3.78% 5,583,963 $380.0M Add +5.3%
ICE Intercontinental Exchange Inc. 3.64% 2,276,353 $365.7M Reduce -37.8%
V Visa Inc. Class A 3.62% 1,323,700 $364.0M Reduce -6.5%
UNH Unitedhealth Group Inc. 3.61% 620,837 $363.0M Reduce -30.3%
NFLX Netflix Inc. 3.44% 487,383 $345.7M Reduce -14.4%
MA Mastercard Inc. Class A 3.33% 677,707 $334.7M Reduce -17.2%
AAPL Apple Inc. 3.06% 1,319,341 $307.4M Reduce -24.6%
INTU Intuit Inc. 3.02% 488,363 $303.3M Reduce -7.5%
SYK Stryker Corp. 2.96% 822,798 $297.2M Add +8.2%
CMG Chipotle Mexican Grill Inc. 2.91% 5,065,160 $291.9M Add +23.5%
CL Colgate-Palmolive Co. 2.87% 2,778,700 $288.5M Reduce -15.4%
NVO Novo-Nordisk A/S-Spons ADR 2.86% 2,411,828 $287.2M Add +26.7%
TT Trane Technologies PLC 2.80% 724,005 $281.4M Reduce -22.2%
YUM Yum! Brands Inc. 2.70% 1,944,304 $271.6M Reduce -9.9%
SRE Sempra 2.56% 3,080,726 $257.6M Add +7.4%
XEL Xcel Energy Inc. 2.44% 3,753,409 $245.1M Add +8.6%
D Dominion Energy Inc. 2.41% 4,194,148 $242.4M Reduce -6.5%
WEC WEC Energy Group Inc. 2.21% 2,311,777 $222.3M Reduce -2.8%
AMT American Tower Corp. 2.15% 929,420 $216.1M Reduce -29.9%
HCA HCA Healthcare Inc. 2.11% 521,034 $211.8M Reduce -36.8%
CCI Crown Castle Inc. 1.99% 1,683,401 $199.7M Add +28.4%
CSX CSX Corp. 1.98% 5,765,462 $199.1M Add +18.8%
NSC Norfolk Southern Corp. 1.95% 787,082 $195.6M Reduce -18.2%
RSG Republic Services Inc. 1.88% 941,006 $189.0M Reduce -2.1%
LOW Lowe's Cos Inc. 1.78% 659,884 $178.7M Reduce -3.4%
GOOG Alphabet Inc. Class C 1.75% 1,049,543 $175.5M Reduce -6.9%
GOOGL Alphabet Inc. Class A 1.68% 1,019,342 $169.1M Add +10.5%
CMS CMS Energy Corp. 1.06% 1,505,006 $106.3M Reduce -2.8%
LNT Alliant Energy Corp. 1.02% 1,693,681 $102.8M Reduce -3.2%
AWK American Water Works Co. Inc. 0.92% 631,455 $92.3M Reduce -15.3%
BKNG Booking Holdings Inc. 0.84% 20,052 $84.5M Reduce -23.4%
TSM Taiwan Semiconductor-SP ADR 0.78% 449,121 $78.0M Add +14.8%
DG Dollar General Corp. 0.49% 585,693 $49.5M Add +67.3%
NEE Nextera Energy Inc. 0.37% 443,831 $37.5M Reduce -0.4%
PEG Public Service Enterprise GP 0.37% 417,379 $37.2M Reduce -3.2%
EXC Exelon Corp. 0.37% 906,639 $36.8M Reduce -1.7%
SO The Southern Co. 0.36% 402,836 $36.3M Reduce -6.4%
AEP American Electric Power 0.35% 343,289 $35.2M Reduce -9.7%
DUK Duke Energy Corp. 0.35% 302,404 $34.9M Reduce -8.0%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 71,966 $33.1M Reduce -29.8%
ED Consolidated Edison Inc. 0.33% 314,053 $32.7M Reduce -2.2%
ZBH Zimmer Biomet Holdings Inc. 0.29% 274,505 $29.6M New
CRM Salesforce Inc. 0.29% 107,509 $29.4M Add +4.8%
ULTA Ulta Beauty Inc. 0.28% 72,663 $28.3M Reduce -20.6%
ETR Entergy Corp. 0.24% 181,696 $23.9M Reduce -3.5%
SBAC SBA Communications Corp. 0.23% 97,418 $23.4M Reduce -3.4%
DTE DTE Energy Company 0.22% 175,433 $22.5M Reduce -3.2%
FE Firstenergy Corp. 0.22% 493,693 $21.9M Reduce -3.0%
AEE Ameren Corporation 0.21% 236,183 $20.7M Reduce -3.4%
PPL PPL Corp. 0.20% 603,917 $20.0M Reduce -5.7%
ATO Atmos Energy Corp. 0.19% 138,180 $19.2M Reduce -2.0%
CNP Centerpoint Energy Inc. 0.16% 552,304 $16.2M Reduce -1.3%
NI Nisource Inc. 0.14% 406,052 $14.1M Reduce -2.7%
EVRG Evergy Inc. 0.12% 197,170 $12.2M Reduce -2.4%
WTRG Essential Utilities Inc. 0.09% 242,089 $9.3M Reduce -2.1%
PNW Pinnacle West Capital 0.09% 99,305 $8.8M Reduce -1.3%
OGE Oge Energy Corp. 0.07% 173,381 $7.1M Reduce -9.0%
MDLZ Mondelez International Inc. Class A 0.06% 83,932 $6.2M Reduce -28.1%
AGR Avangrid Inc. 0.05% 147,871 $5.3M Reduce -7.3%
IDA Idacorp Inc. 0.05% 46,984 $4.8M Add +0.7%
POR Portland General Electric Co. 0.04% 85,901 $4.1M Reduce -2.8%
OGS One Gas Inc. 0.04% 51,280 $3.8M Reduce -0.5%
PG The Procter & Gamble Co. 0.04% 21,541 $3.7M Reduce -0.1%
KO The Coca-Cola Co. 0.04% 50,452 $3.6M Reduce -54.8%
MCD McDonald's Corp. 0.04% 11,868 $3.6M Reduce -96.2%
BKH Black Hills Corp. 0.04% 58,889 $3.6M Reduce -2.7%
ALE Allete Inc. 0.03% 51,306 $3.3M Reduce -0.7%
NWE Northwestern Energy Group Inc. 0.03% 52,715 $3.0M Reduce -0.7%
SR Spire Inc. 0.03% 43,893 $3.0M Add +0.8%
TXNM TXNM Energy Inc. 0.03% 67,201 $2.9M Reduce -1.2%
MGEE Mge Energy Inc. 0.03% 28,865 $2.6M Reduce -0.6%
CWT California Water Service Grp 0.03% 47,307 $2.6M Add +4.7%
AWR American States Water Co. filed as AMER STATES WTR CO 0.02% 27,584 $2.3M No change
AVA Avista Corp. 0.02% 58,845 $2.3M Add +3.6%
FISV Fiserv Inc. 0.02% 12,396 $2.2M Reduce -27.8%
AXP American Express Co. 0.02% 7,879 $2.1M Reduce -55.4%
CPK Chesapeake Utilities Corp. 0.01% 12,135 $1.5M Reduce -6.5%
HTO H2O America filed as SJW GROUP 0.01% 25,016 $1.5M No change
MSEX Middlesex Water Co. 0.01% 17,600 $1.1M No change
NWN Northwest Natural Holding Co. 0.01% 26,382 $1.1M Reduce -7.5%
HD Home Depot Inc. 0.01% 2,635 $1.1M Reduce -5.8%
LLY Eli Lilly & Co. 0.01% 980 $868K Reduce -0.4%
COST Costco Wholesale Corp. 0.01% 826 $732K Reduce -0.7%
PEP Pepsico Inc. 0.01% 3,881 $660K Reduce -0.7%
ADBE Adobe Inc. 0.01% 1,243 $644K Reduce -9.1%
SPGI S&P Global Inc. 0.01% 1,211 $626K Reduce -7.8%
CME Cme Group Inc. 0.00% 1,994 $440K Reduce -0.3%
MCO Moody's Corp. 0.00% 798 $379K Reduce -5.9%
BLK BlackRock Finance Inc. 0.00% 368 $349K Reduce -6.4%
ISRG Intuitive Surgical Inc. 0.00% 700 $344K Reduce -8.4%
SHOP Shopify Inc. Class A 0.00% 3,600 $289K Reduce -6.3%
NKE Nike Inc. Class B 0.00% 3,164 $280K Add +4.4%
WMT Walmart Inc. 0.00% 3,414 $276K Reduce -7.8%
ECL Ecolab Inc. 0.00% 965 $246K Reduce -14.4%
ADSK Autodesk Inc. 0.00% 875 $241K Reduce -12.0%
MSCI MSCI Inc. 0.00% 379 $221K Reduce -10.0%
DE Deere & Co. 0.00% 516 $215K Add +32.0%

Show all 117 holdings

Portfolio Sells Q2 2024 → Q3 2024

MSFT Microsoft Corp. Reduce -20.9% 5.91% −1.51
ICE Intercontinental Exchange Inc. Reduce -37.8% 3.64% −1.13
MCD McDonald's Corp. Reduce -96.2% 0.04% −0.72
UNH Unitedhealth Group Inc. Reduce -30.3% 3.61% −0.71
AMZN Amazon.com Inc. Reduce -8.5% 6.58% −0.55
AAPL Apple Inc. Reduce -24.6% 3.06% −0.45
HCA HCA Healthcare Inc. Reduce -36.8% 2.11% −0.41
USB US Bancorp Reduce -99.8% 0.00% −0.37
AMT American Tower Corp. Reduce -29.9% 2.15% −0.30
INTU Intuit Inc. Reduce -7.5% 3.02% −0.28
GOOG Alphabet Inc. Class C Reduce -6.9% 1.75% −0.22
NFLX Netflix Inc. Reduce -14.4% 3.44% −0.22
CL Colgate-Palmolive Co. Reduce -15.4% 2.87% −0.16
BKNG Booking Holdings Inc. Reduce -23.4% 0.84% −0.15
TT Trane Technologies PLC Reduce -22.2% 2.80% −0.11
MA Mastercard Inc. Class A Reduce -17.2% 3.33% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -29.8% 0.33% −0.07
ULTA Ulta Beauty Inc. Reduce -20.6% 0.28% −0.05
KO The Coca-Cola Co. Reduce -54.8% 0.04% −0.03
SBUX Starbucks Corp. Reduce -96.8% 0.00% −0.03
NSC Norfolk Southern Corp. Reduce -18.2% 1.95% −0.02
AXP American Express Co. Reduce -55.4% 0.02% −0.02
YUM Yum! Brands Inc. Reduce -9.9% 2.70% −0.02
ESGD iShares Trust iShares ESG Aw Sold out 0.00% −0.01
MDLZ Mondelez International Inc. Class A Reduce -28.1% 0.06% −0.01
CNP Centerpoint Energy Inc. Reduce -1.3% 0.16% −0.00
FISV Fiserv Inc. Reduce -27.8% 0.02% −0.00
AGR Avangrid Inc. Reduce -7.3% 0.05% −0.00
ADBE Adobe Inc. Reduce -9.1% 0.01% −0.00
COF Capital One Financial Corp. Sold out 0.00% −0.00
HON Honeywell International Inc. Sold out 0.00% −0.00
TSLA Tesla Inc. Sold out 0.00% −0.00
WM Waste Management Inc. Reduce -28.4% 0.00% −0.00
ADI Analog Devices Inc. Sold out 0.00% −0.00
IQV Iqvia Holdings Inc. Sold out 0.00% −0.00
SCHW Schwab (charles) Corp. Reduce -7.0% 0.00% −0.00
SNPS Synopsys Inc. Sold out 0.00% −0.00
TXN Texas Instruments Inc. Sold out 0.00% −0.00
UNP Union Pacific Corp. Reduce -22.7% 0.00% −0.00
ETN Eaton Corp. PLC Sold out 0.00% −0.00
APD Air Products & Chemicals Inc. Sold out 0.00% −0.00
APH Amphenol Corp. Class A Sold out 0.00% −0.00
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.00
EMR Emerson Electric Co. Sold out 0.00% −0.00
PH Parker Hannifin Corp. Sold out 0.00% −0.00
NXPI NXP Semiconductors NV Sold out 0.00% −0.00
ANSS Ansys Inc. Sold out 0.00% −0.00
CSL Carlisle Cos Inc. Sold out 0.00% −0.00
CARR Carrier Global Corp. Sold out 0.00% −0.00
ECL Ecolab Inc. Reduce -14.4% 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024

ES Eversource Energy Add +5.3% 3.78% +0.92
CCI Crown Castle Inc. Add +28.4% 1.99% +0.77
XEL Xcel Energy Inc. Add +8.6% 2.44% +0.68
SYK Stryker Corp. Add +8.2% 2.96% +0.50
SRE Sempra Add +7.4% 2.56% +0.49
CMG Chipotle Mexican Grill Inc. Add +23.5% 2.91% +0.46
CSX CSX Corp. Add +18.8% 1.98% +0.44
ZBH Zimmer Biomet Holdings Inc. New 0.29% +0.29
NVO Novo-Nordisk A/S-Spons ADR Add +26.7% 2.86% +0.27
TSM Taiwan Semiconductor-SP ADR Add +14.8% 0.78% +0.13
GOOGL Alphabet Inc. Class A Add +10.5% 1.68% +0.08
DG Dollar General Corp. Add +67.3% 0.49% +0.05
CRM Salesforce Inc. Add +4.8% 0.29% +0.04
IDA Idacorp Inc. Add +0.7% 0.05% +0.01
CWT California Water Service Grp Add +4.7% 0.03% +0.00
SR Spire Inc. Add +0.8% 0.03% +0.00
AVA Avista Corp. Add +3.6% 0.02% +0.00
DE Deere & Co. Add +32.0% 0.00% +0.00
NKE Nike Inc. Class B Add +4.4% 0.00% +0.00
VRSK Verisk Analytics Inc. Add +5.5% 0.00% +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