Magellan Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Magellan Asset Management Ltd reported 84 stock positions worth $8.7 billion. Its top holding was Microsoft (MSFT) at 8.0% of the portfolio, followed by Amazon.com (AMZN, 7.9%) and Meta Platforms Class A (META, 5.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 32 and reduced 49. The biggest buy was a new position in MSCI (MSCI) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, C3
- CIK
- 0001536105
- Portfolio Value
- $8.7B (Q2 2025)
- SEC Filing
- 0001085146-25-004607 ↗ filed Aug 7, 2025
Holdings Value
Holdings 84 stocks · $8.7B
| MSFT Microsoft Corp. | 8.04% | 1,413,374 | $703.0M | Reduce -15.1% |
| AMZN Amazon.com Inc. | 7.91% | 3,153,873 | $691.9M | Add +4.1% |
| META Meta Platforms Inc. Class A | 5.35% | 634,157 | $468.1M | Add +7.2% |
| ES Eversource Energy | 5.06% | 6,952,127 | $442.3M | Add +1.1% |
| TSM Taiwan Semiconductor-SP ADR | 4.99% | 1,925,700 | $436.2M | Add +6.8% |
| MA Mastercard Inc. Class A | 4.22% | 656,760 | $369.1M | Reduce -6.2% |
| YUM Yum! Brands Inc. | 3.91% | 2,306,932 | $341.8M | Add +35.9% |
| V Visa Inc. Class A | 3.56% | 876,673 | $311.3M | Reduce -1.8% |
| NFLX Netflix Inc. | 3.34% | 218,054 | $292.0M | Reduce -27.3% |
| CMG Chipotle Mexican Grill Inc. | 3.15% | 4,900,917 | $275.2M | Add +3.4% |
| PG The Procter & Gamble Co. | 3.11% | 1,710,393 | $272.5M | Add +49.9% |
| ICE Intercontinental Exchange Inc. | 3.05% | 1,452,509 | $266.5M | Reduce -3.6% |
| UNH Unitedhealth Group Inc. | 2.93% | 822,867 | $256.7M | Add +47.5% |
| SYK Stryker Corp. | 2.40% | 530,744 | $210.0M | Reduce -1.1% |
| INTU Intuit Inc. | 2.37% | 263,001 | $207.1M | Reduce -21.2% |
| D Dominion Energy Inc. | 2.35% | 3,636,969 | $205.6M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 2.25% | 1,117,514 | $196.9M | Reduce -24.0% |
| AMT American Tower Corp. | 2.12% | 837,281 | $185.1M | Reduce -6.5% |
| MSCI MSCI Inc. | 2.01% | 305,011 | $175.9M | New |
| SRE Sempra | 1.96% | 2,257,996 | $171.1M | Reduce -11.3% |
| EVRG Evergy Inc. | 1.86% | 2,364,493 | $163.0M | Add +1418.7% |
| HCA HCA Healthcare Inc. | 1.78% | 405,600 | $155.4M | Reduce -21.8% |
| KO The Coca-Cola Co. | 1.57% | 1,943,750 | $137.5M | Add +91.2% |
| WEC WEC Energy Group Inc. | 1.57% | 1,317,167 | $137.2M | Reduce -10.1% |
| CCI Crown Castle Inc. | 1.56% | 1,331,222 | $136.8M | Reduce -11.3% |
| XEL Xcel Energy Inc. | 1.56% | 2,003,050 | $136.4M | Reduce -3.4% |
| CME Cme Group Inc. | 1.53% | 486,067 | $134.0M | Add +131625.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.32% | 1,678,195 | $115.8M | Reduce -35.6% |
| GOOG Alphabet Inc. Class C | 1.26% | 623,541 | $110.6M | Reduce -34.9% |
| CSX CSX Corp. | 1.19% | 3,177,847 | $103.7M | Reduce -9.0% |
| NSC Norfolk Southern Corp. | 1.17% | 398,267 | $101.9M | Reduce -13.1% |
| BKNG Booking Holdings Inc. | 0.56% | 8,497 | $49.2M | Reduce -29.1% |
| ZBH Zimmer Biomet Holdings Inc. | 0.53% | 505,901 | $46.1M | Add +16.8% |
| USB US Bancorp | 0.49% | 956,338 | $43.3M | Add +4029.3% |
| DG Dollar General Corp. | 0.48% | 368,584 | $42.2M | Reduce -37.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 81,776 | $39.7M | Add +11.8% |
| AEP American Electric Power | 0.38% | 319,218 | $33.1M | Add +9.7% |
| EXC Exelon Corp. | 0.38% | 759,137 | $33.0M | Add +4.4% |
| DUK Duke Energy Corp. | 0.38% | 278,122 | $32.8M | Add +10.5% |
| SO The Southern Co. | 0.37% | 354,407 | $32.5M | Add +9.2% |
| NEE Nextera Energy Inc. | 0.37% | 466,670 | $32.4M | Add +17.7% |
| PEG Public Service Enterprise GP | 0.34% | 354,187 | $29.8M | Add +9.8% |
| ULTA Ulta Beauty Inc. | 0.34% | 63,708 | $29.8M | Reduce -19.6% |
| ED Consolidated Edison Inc. | 0.32% | 275,204 | $27.6M | Add +9.8% |
| MELI MercadoLibre Inc. | 0.29% | 9,765 | $25.5M | Reduce -11.1% |
| ETR Entergy Corp. | 0.29% | 301,351 | $25.0M | Add +3.7% |
| MS Morgan Stanley | 0.27% | 164,869 | $23.2M | Add +3.2% |
| CRM Salesforce Inc. | 0.25% | 78,687 | $21.5M | Add +9.2% |
| AWK American Water Works Co. Inc. | 0.24% | 149,033 | $20.7M | Reduce -5.7% |
| AEE Ameren Corporation | 0.23% | 209,918 | $20.2M | Add +8.6% |
| SBAC SBA Communications Corp. | 0.22% | 81,422 | $19.1M | Reduce -0.5% |
| DTE DTE Energy Company | 0.21% | 141,795 | $18.8M | Add +0.1% |
| YUMC Yum China Holdings Inc. | 0.21% | 413,378 | $18.5M | New |
| ATO Atmos Energy Corp. | 0.20% | 116,259 | $17.9M | Reduce -0.5% |
| FE Firstenergy Corp. | 0.19% | 413,708 | $16.7M | Reduce -1.0% |
| PPL PPL Corp. | 0.19% | 478,434 | $16.2M | Reduce -0.7% |
| CNP Centerpoint Energy Inc. | 0.19% | 440,929 | $16.2M | Reduce -0.3% |
| CMS CMS Energy Corp. | 0.16% | 200,553 | $13.9M | Reduce -0.4% |
| NI Nisource Inc. | 0.16% | 343,443 | $13.9M | Reduce -0.9% |
| LNT Alliant Energy Corp. | 0.12% | 172,102 | $10.4M | Reduce -0.8% |
| WTRG Essential Utilities Inc. | 0.08% | 199,359 | $7.4M | Reduce -0.5% |
| PNW Pinnacle West Capital | 0.08% | 81,875 | $7.3M | Reduce -1.7% |
| OGE Oge Energy Corp. | 0.07% | 132,897 | $5.9M | Reduce -1.5% |
| TMO Thermo Fisher Scientific Inc. | 0.06% | 12,449 | $5.0M | Add +115.7% |
| IDA Idacorp Inc. | 0.05% | 35,169 | $4.1M | Reduce -3.5% |
| MDLZ Mondelez International Inc. Class A | 0.04% | 57,250 | $3.9M | Add +1.1% |
| SPGI S&P Global Inc. | 0.04% | 6,133 | $3.2M | No change |
| TXNM TXNM Energy Inc. | 0.04% | 57,376 | $3.2M | Reduce -0.1% |
| POR Portland General Electric Co. | 0.03% | 74,118 | $3.0M | Reduce -1.0% |
| SR Spire Inc. | 0.03% | 40,673 | $3.0M | Reduce -3.0% |
| OGS One Gas Inc. | 0.03% | 40,567 | $2.9M | Reduce -2.8% |
| ALE Allete Inc. | 0.03% | 41,448 | $2.7M | Reduce -2.5% |
| BKH Black Hills Corp. | 0.03% | 45,544 | $2.6M | Reduce -0.5% |
| NWE Northwestern Energy Group Inc. | 0.03% | 47,850 | $2.5M | Reduce -2.6% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.02% | 26,582 | $2.0M | Reduce -2.1% |
| CWT California Water Service Grp | 0.02% | 43,514 | $2.0M | Reduce -4.5% |
| AVA Avista Corp. | 0.02% | 50,496 | $1.9M | Reduce -3.5% |
| MGEE Mge Energy Inc. | 0.02% | 21,613 | $1.9M | Reduce -5.0% |
| CPK Chesapeake Utilities Corp. | 0.02% | 12,006 | $1.4M | Add +1.4% |
| HTO H2O America | 0.01% | 20,736 | $1.1M | Reduce -2.5% |
| NWN Northwest Natural Holding Co. | 0.01% | 21,672 | $861K | Add +3.5% |
| MSEX Middlesex Water Co. | 0.01% | 12,056 | $653K | Reduce -1.9% |
| PEP Pepsico Inc. | 0.00% | 783 | $103K | Add +22.5% |
| BLK BlackRock Inc. | 0.00% | 72 | $76K | Add +14.3% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Sold out | 0.00% | −2.52 |
| RSG Republic Services Inc. | Sold out | 0.00% | −2.08 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −1.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -35.6% | 1.32% | −0.88 |
| GOOG Alphabet Inc. Class C | Reduce -34.9% | 1.26% | −0.56 |
| GOOGL Alphabet Inc. Class A | Reduce -24.0% | 2.25% | −0.51 |
| MA Mastercard Inc. Class A | Reduce -6.2% | 4.22% | −0.45 |
| HCA HCA Healthcare Inc. | Reduce -21.8% | 1.78% | −0.40 |
| WEC WEC Energy Group Inc. | Reduce -10.1% | 1.57% | −0.37 |
| CCI Crown Castle Inc. | Reduce -11.3% | 1.56% | −0.34 |
| AMT American Tower Corp. | Reduce -6.5% | 2.12% | −0.25 |
| SRE Sempra | Reduce -11.3% | 1.96% | −0.25 |
| V Visa Inc. Class A | Reduce -1.8% | 3.56% | −0.25 |
| XEL Xcel Energy Inc. | Reduce -3.4% | 1.56% | −0.23 |
| NSC Norfolk Southern Corp. | Reduce -13.1% | 1.17% | −0.15 |
| D Dominion Energy Inc. | Reduce -0.9% | 2.35% | −0.15 |
| DG Dollar General Corp. | Reduce -37.3% | 0.48% | −0.15 |
| INTU Intuit Inc. | Reduce -21.2% | 2.37% | −0.13 |
| ICE Intercontinental Exchange Inc. | Reduce -3.6% | 3.05% | −0.12 |
| BKNG Booking Holdings Inc. | Reduce -29.1% | 0.56% | −0.11 |
| NFLX Netflix Inc. | Reduce -27.3% | 3.34% | −0.06 |
| CSX CSX Corp. | Reduce -9.0% | 1.19% | −0.06 |
| AWK American Water Works Co. Inc. | Reduce -5.7% | 0.24% | −0.05 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| SYK Stryker Corp. | Reduce -1.1% | 2.40% | −0.03 |
| PPL PPL Corp. | Reduce -0.7% | 0.19% | −0.03 |
| CMS CMS Energy Corp. | Reduce -0.4% | 0.16% | −0.03 |
| LNT Alliant Energy Corp. | Reduce -0.8% | 0.12% | −0.02 |
| FE Firstenergy Corp. | Reduce -1.0% | 0.19% | −0.01 |
| ATO Atmos Energy Corp. | Reduce -0.5% | 0.20% | −0.01 |
| PNW Pinnacle West Capital | Reduce -1.7% | 0.08% | −0.01 |
| ULTA Ulta Beauty Inc. | Reduce -19.6% | 0.34% | −0.01 |
| WTRG Essential Utilities Inc. | Reduce -0.5% | 0.08% | −0.01 |
| NI Nisource Inc. | Reduce -0.9% | 0.16% | −0.01 |
| CNP Centerpoint Energy Inc. | Reduce -0.3% | 0.19% | −0.01 |
| OGE Oge Energy Corp. | Reduce -1.5% | 0.07% | −0.01 |
| NWE Northwestern Energy Group Inc. | Reduce -2.6% | 0.03% | −0.01 |
| POR Portland General Electric Co. | Reduce -1.0% | 0.03% | −0.01 |
| SR Spire Inc. | Reduce -3.0% | 0.03% | −0.01 |
| IDA Idacorp Inc. | Reduce -3.5% | 0.05% | −0.01 |
| OGS One Gas Inc. | Reduce -2.8% | 0.03% | −0.01 |
| AVA Avista Corp. | Reduce -3.5% | 0.02% | −0.00 |
| BKH Black Hills Corp. | Reduce -0.5% | 0.03% | −0.00 |
| CWT California Water Service Grp | Reduce -4.5% | 0.02% | −0.00 |
| MGEE Mge Energy Inc. | Reduce -5.0% | 0.02% | −0.00 |
| ALE Allete Inc. | Reduce -2.5% | 0.03% | −0.00 |
| AWR American States Water Co. | Reduce -2.1% | 0.02% | −0.00 |
| MSEX Middlesex Water Co. | Reduce -1.9% | 0.01% | −0.00 |
| HTO H2O America | Reduce -2.5% | 0.01% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| MSCI MSCI Inc. | New | 2.01% | +2.01 |
| EVRG Evergy Inc. | Add +1418.7% | 1.86% | +1.73 |
| CME Cme Group Inc. | Add +131625.5% | 1.53% | +1.53 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.8% | 4.99% | +1.35 |
| META Meta Platforms Inc. Class A | Add +7.2% | 5.35% | +1.20 |
| AMZN Amazon.com Inc. | Add +4.1% | 7.91% | +0.90 |
| PG The Procter & Gamble Co. | Add +49.9% | 3.11% | +0.75 |
| KO The Coca-Cola Co. | Add +91.2% | 1.57% | +0.69 |
| YUM Yum! Brands Inc. | Add +35.9% | 3.91% | +0.66 |
| USB US Bancorp | Add +4029.3% | 0.49% | +0.48 |
| CMG Chipotle Mexican Grill Inc. | Add +3.4% | 3.15% | +0.25 |
| YUMC Yum China Holdings Inc. | New | 0.21% | +0.21 |
| MS Morgan Stanley | Add +3.2% | 0.27% | +0.04 |
| NEE Nextera Energy Inc. | Add +17.7% | 0.37% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +115.7% | 0.06% | +0.02 |
| PEG Public Service Enterprise GP | Add +9.8% | 0.34% | +0.02 |
| CRM Salesforce Inc. | Add +9.2% | 0.25% | +0.01 |
| SO The Southern Co. | Add +9.2% | 0.37% | +0.01 |
| DUK Duke Energy Corp. | Add +10.5% | 0.38% | +0.00 |
| BLK BlackRock Inc. | Add +14.3% | 0.00% | +0.00 |
| PEP Pepsico Inc. | Add +22.5% | 0.00% | 0.00 |
| NWN Northwest Natural Holding Co. | Add +3.5% | 0.01% | −0.00 |
| CPK Chesapeake Utilities Corp. | Add +1.4% | 0.02% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Add +1.1% | 0.04% | −0.00 |
| AEE Ameren Corporation | Add +8.6% | 0.23% | −0.01 |
| AEP American Electric Power | Add +9.7% | 0.38% | −0.01 |
| ETR Entergy Corp. | Add +3.7% | 0.29% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.8% | 0.45% | −0.02 |
| ED Consolidated Edison Inc. | Add +9.8% | 0.32% | −0.02 |
| DTE DTE Energy Company | Add +0.1% | 0.21% | −0.02 |
| EXC Exelon Corp. | Add +4.4% | 0.38% | −0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Add +16.8% | 0.53% | −0.07 |
| ES Eversource Energy | Add +1.1% | 5.06% | −0.14 |
| UNH Unitedhealth Group Inc. | Add +47.5% | 2.93% | −0.62 |
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 |