Magellan Asset Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Magellan Asset Management Ltd reported 79 stock positions worth $7.7 billion. Its top holding was Amazon.com (AMZN) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Eversource Energy (ES, 5.6%). Compared with Q4 2025, it sold out of 1, added to 49 and reduced 30. The biggest buy was CMS Energy (CMS, shares +699%) and the biggest sale Amazon.com (AMZN, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, C3
- CIK
- 0001536105
- Portfolio Value
- $7.7B (Q1 2026)
- SEC Filing
- 0001536105-26-000005 ↗ filed May 12, 2026
Holdings Value
Holdings 79 stocks · $7.7B
| AMZN Amazon.com Inc. | 6.08% | 2,248,881 | $468.4M | Reduce -19.1% |
| MSFT Microsoft Corp. | 5.71% | 1,189,155 | $440.2M | Reduce -5.9% |
| ES Eversource Energy | 5.56% | 6,182,582 | $428.3M | Reduce -11.5% |
| TSM Taiwan Semiconductor-SP ADR | 5.17% | 1,178,008 | $398.1M | Reduce -15.9% |
| MA Mastercard Inc. Class A | 3.79% | 584,990 | $292.3M | Reduce -7.3% |
| META Meta Platforms Inc. Class A | 3.76% | 507,032 | $290.1M | Add +8.3% |
| AMT American Tower Corp. | 3.37% | 1,503,296 | $259.4M | Add +40.3% |
| CCI Crown Castle Inc. | 3.01% | 2,855,204 | $232.2M | Add +59.5% |
| SRE Sempra | 2.85% | 2,258,369 | $219.4M | Add +4.2% |
| YUM Yum! Brands Inc. | 2.76% | 1,370,088 | $213.0M | Reduce -31.1% |
| V Visa Inc. Class A | 2.60% | 664,228 | $200.8M | Reduce -6.7% |
| UNH Unitedhealth Group Inc. | 2.53% | 719,803 | $194.8M | Reduce -11.3% |
| GOOGL Alphabet Inc. Class A | 2.52% | 676,417 | $194.5M | Add +4.9% |
| PG The Procter & Gamble Co. | 2.44% | 1,301,728 | $188.0M | Reduce -20.8% |
| ICE Intercontinental Exchange Inc. | 2.42% | 1,186,393 | $186.6M | Reduce -5.8% |
| XEL Xcel Energy Inc. | 2.39% | 2,316,759 | $184.0M | Add +9.7% |
| EVRG Evergy Inc. | 2.38% | 2,242,868 | $183.7M | Reduce -6.9% |
| D Dominion Energy Inc. | 2.23% | 2,777,633 | $171.7M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.07% | 332,614 | $159.4M | Add +182.2% |
| CMS CMS Energy Corp. | 2.03% | 2,019,954 | $156.7M | Add +698.7% |
| INTU Intuit Inc. | 2.03% | 362,416 | $156.7M | Add +18.6% |
| MSCI MSCI Inc. | 1.95% | 279,153 | $150.5M | Reduce -12.1% |
| WEC WEC Energy Group Inc. | 1.89% | 1,261,329 | $146.0M | Reduce -1.9% |
| LNT Alliant Energy Corp. | 1.89% | 2,034,446 | $146.0M | Reduce -6.7% |
| NFLX Netflix Inc. | 1.87% | 1,500,208 | $144.2M | Reduce -8.3% |
| MDT Medtronic PLC | 1.63% | 1,454,218 | $126.0M | Reduce -1.3% |
| CMG Chipotle Mexican Grill Inc. | 1.61% | 3,865,109 | $123.7M | Reduce -3.4% |
| KO The Coca-Cola Co. | 1.60% | 1,618,571 | $123.1M | Reduce -24.3% |
| GOOG Alphabet Inc. Class C | 1.52% | 409,608 | $117.5M | Reduce -11.6% |
| SYK Stryker Corp. | 1.28% | 301,120 | $98.9M | Reduce -11.0% |
| CME Cme Group Inc. | 1.25% | 325,872 | $96.2M | Reduce -50.0% |
| CSX CSX Corp. | 0.98% | 1,847,063 | $75.8M | Reduce -42.6% |
| SPGI S&P Global Inc. | 0.87% | 158,514 | $67.4M | Add +80.7% |
| UNP Union Pacific Corp. | 0.81% | 257,154 | $62.4M | Reduce -10.2% |
| NSC Norfolk Southern Corp. | 0.77% | 206,026 | $59.1M | Reduce -10.1% |
| EXC Exelon Corp. | 0.69% | 1,092,489 | $53.6M | Add +26.6% |
| NEE Nextera Energy Inc. | 0.69% | 569,640 | $52.9M | Add +15.9% |
| AEP American Electric Power | 0.69% | 403,001 | $52.8M | Add +18.6% |
| DUK Duke Energy Corp. | 0.68% | 402,505 | $52.7M | Add +19.7% |
| SO The Southern Co. | 0.68% | 545,545 | $52.7M | Add +21.1% |
| ETR Entergy Corp. | 0.68% | 468,285 | $52.6M | Add +26.2% |
| ZBH Zimmer Biomet Holdings Inc. | 0.65% | 550,781 | $49.8M | Reduce -13.5% |
| BKNG Booking Holdings Inc. | 0.63% | 11,617 | $48.9M | Add +3.5% |
| DG Dollar General Corp. | 0.63% | 408,064 | $48.4M | Reduce -25.2% |
| ED Consolidated Edison Inc. | 0.57% | 390,866 | $44.2M | Add +24.5% |
| PEG Public Service Enterprise GP | 0.55% | 523,529 | $42.4M | Add +25.1% |
| TMO Thermo Fisher Scientific Inc. | 0.53% | 83,187 | $40.9M | Add +10.1% |
| ATO Atmos Energy Corp. | 0.43% | 181,367 | $33.5M | Add +30.9% |
| AEE Ameren Corporation | 0.43% | 298,332 | $32.8M | Add +30.4% |
| DTE DTE Energy Company | 0.42% | 220,150 | $32.2M | Add +30.1% |
| FE Firstenergy Corp. | 0.40% | 615,485 | $31.2M | Add +30.0% |
| CNP Centerpoint Energy Inc. | 0.38% | 683,118 | $29.5M | Add +23.3% |
| AWK American Water Works Co. Inc. | 0.38% | 216,574 | $29.5M | Add +22.0% |
| PPL PPL Corp. | 0.38% | 761,274 | $29.1M | Add +27.8% |
| NI Nisource Inc. | 0.30% | 497,581 | $23.2M | Add +24.7% |
| SBAC SBA Communications Corp. | 0.25% | 112,722 | $19.4M | Add +19.9% |
| WTRG Essential Utilities Inc. | 0.15% | 295,754 | $11.9M | Add +31.3% |
| PNW Pinnacle West Capital | 0.15% | 115,293 | $11.6M | Add +24.6% |
| OGE Oge Energy Corp. | 0.14% | 224,027 | $10.7M | Add +48.5% |
| IDA Idacorp Inc. | 0.09% | 50,116 | $7.2M | Add +23.9% |
| TXNM TXNM Energy Inc. | 0.08% | 111,395 | $6.5M | Add +75.3% |
| MDLZ Mondelez International Inc. Class A | 0.08% | 101,147 | $5.8M | Reduce -5.8% |
| POR Portland General Electric Co. | 0.07% | 102,916 | $5.4M | Add +24.3% |
| BKH Black Hills Corp. | 0.07% | 74,162 | $5.1M | Add +43.9% |
| SR Spire Inc. | 0.07% | 56,048 | $5.1M | Add +21.4% |
| OGS One Gas Inc. | 0.06% | 57,731 | $5.0M | Add +18.2% |
| NWE Northwestern Energy Group Inc. | 0.06% | 65,874 | $4.3M | Add +25.7% |
| HD Home Depot Inc. | 0.05% | 10,728 | $3.5M | Add +3.1% |
| AVA Avista Corp. | 0.04% | 71,143 | $2.9M | Add +29.9% |
| CWT California Water Service Grp | 0.04% | 61,416 | $2.8M | Add +26.0% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.04% | 36,743 | $2.8M | Add +20.2% |
| NWN Northwest Natural Holding Co. | 0.03% | 43,909 | $2.3M | Add +24.6% |
| MGEE Mge Energy Inc. | 0.03% | 29,683 | $2.3M | Add +24.8% |
| CPK Chesapeake Utilities Corp. | 0.03% | 16,275 | $2.1M | Add +24.4% |
| HTO H2O America | 0.02% | 29,063 | $1.7M | Add +33.0% |
| MSEX Middlesex Water Co. | 0.01% | 15,503 | $807K | Add +24.9% |
| BLK BlackRock Inc. | 0.00% | 76 | $73K | Add +16.9% |
| CRM Salesforce Inc. | 0.00% | 369 | $69K | Reduce -17.4% |
| PEP Pepsico Inc. | 0.00% | 443 | $69K | Reduce -10.3% |
Portfolio Sells Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | Reduce -19.1% | 6.08% | −1.72 |
| MSFT Microsoft Corp. | Reduce -5.9% | 5.71% | −1.72 |
| CME Cme Group Inc. | Reduce -50.0% | 1.25% | −0.92 |
| YUM Yum! Brands Inc. | Reduce -31.1% | 2.76% | −0.89 |
| UNH Unitedhealth Group Inc. | Reduce -11.3% | 2.53% | −0.73 |
| USB US Bancorp | Sold out | 0.00% | −0.68 |
| MA Mastercard Inc. Class A | Reduce -7.3% | 3.79% | −0.59 |
| CSX CSX Corp. | Reduce -42.6% | 0.98% | −0.43 |
| V Visa Inc. Class A | Reduce -6.7% | 2.60% | −0.43 |
| PG The Procter & Gamble Co. | Reduce -20.8% | 2.44% | −0.42 |
| MSCI MSCI Inc. | Reduce -12.1% | 1.95% | −0.26 |
| DG Dollar General Corp. | Reduce -25.2% | 0.63% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -11.6% | 1.52% | −0.24 |
| KO The Coca-Cola Co. | Reduce -24.3% | 1.60% | −0.22 |
| CMG Chipotle Mexican Grill Inc. | Reduce -3.4% | 1.61% | −0.19 |
| ES Eversource Energy | Reduce -11.5% | 5.56% | −0.16 |
| SYK Stryker Corp. | Reduce -11.0% | 1.28% | −0.16 |
| MDT Medtronic PLC | Reduce -1.3% | 1.63% | −0.09 |
| ICE Intercontinental Exchange Inc. | Reduce -5.8% | 2.42% | −0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -13.5% | 0.65% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -10.1% | 0.77% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.9% | 5.17% | −0.01 |
| CRM Salesforce Inc. | Reduce -17.4% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -10.3% | 0.00% | 0.00 |
| UNP Union Pacific Corp. | Reduce -10.2% | 0.81% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Reduce -5.8% | 0.08% | +0.01 |
| NFLX Netflix Inc. | Reduce -8.3% | 1.87% | +0.01 |
| LNT Alliant Energy Corp. | Reduce -6.7% | 1.89% | +0.17 |
| D Dominion Energy Inc. | Reduce -1.3% | 2.23% | +0.22 |
| WEC WEC Energy Group Inc. | Reduce -1.9% | 1.89% | +0.25 |
| EVRG Evergy Inc. | Reduce -6.9% | 2.38% | +0.26 |
Portfolio Buys Q4 2025 → Q1 2026
| CMS CMS Energy Corp. | Add +698.7% | 2.03% | +1.82 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +182.2% | 2.07% | +1.35 |
| AMT American Tower Corp. | Add +40.3% | 3.37% | +1.08 |
| CCI Crown Castle Inc. | Add +59.5% | 3.01% | +1.08 |
| SRE Sempra | Add +4.2% | 2.85% | +0.52 |
| XEL Xcel Energy Inc. | Add +9.7% | 2.39% | +0.49 |
| SPGI S&P Global Inc. | Add +80.7% | 0.87% | +0.32 |
| ETR Entergy Corp. | Add +26.2% | 0.68% | +0.27 |
| EXC Exelon Corp. | Add +26.6% | 0.69% | +0.24 |
| AEP American Electric Power | Add +18.6% | 0.69% | +0.21 |
| NEE Nextera Energy Inc. | Add +15.9% | 0.69% | +0.21 |
| SO The Southern Co. | Add +21.1% | 0.68% | +0.21 |
| DUK Duke Energy Corp. | Add +19.7% | 0.68% | +0.20 |
| ED Consolidated Edison Inc. | Add +24.5% | 0.57% | +0.20 |
| ATO Atmos Energy Corp. | Add +30.9% | 0.43% | +0.15 |
| DTE DTE Energy Company | Add +30.1% | 0.42% | +0.15 |
| AEE Ameren Corporation | Add +30.4% | 0.43% | +0.15 |
| FE Firstenergy Corp. | Add +30.0% | 0.40% | +0.15 |
| PEG Public Service Enterprise GP | Add +25.1% | 0.55% | +0.14 |
| CNP Centerpoint Energy Inc. | Add +23.3% | 0.38% | +0.12 |
| PPL PPL Corp. | Add +27.8% | 0.38% | +0.12 |
| AWK American Water Works Co. Inc. | Add +22.0% | 0.38% | +0.10 |
| NI Nisource Inc. | Add +24.7% | 0.30% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +4.9% | 2.52% | +0.07 |
| OGE Oge Energy Corp. | Add +48.5% | 0.14% | +0.06 |
| PNW Pinnacle West Capital | Add +24.6% | 0.15% | +0.05 |
| WTRG Essential Utilities Inc. | Add +31.3% | 0.15% | +0.05 |
| TXNM TXNM Energy Inc. | Add +75.3% | 0.08% | +0.04 |
| IDA Idacorp Inc. | Add +23.9% | 0.09% | +0.03 |
| SBAC SBA Communications Corp. | Add +19.9% | 0.25% | +0.03 |
| BKH Black Hills Corp. | Add +43.9% | 0.07% | +0.02 |
| POR Portland General Electric Co. | Add +24.3% | 0.07% | +0.02 |
| SR Spire Inc. | Add +21.4% | 0.07% | +0.02 |
| OGS One Gas Inc. | Add +18.2% | 0.06% | +0.02 |
| NWE Northwestern Energy Group Inc. | Add +25.7% | 0.06% | +0.02 |
| AVA Avista Corp. | Add +29.9% | 0.04% | +0.01 |
| CWT California Water Service Grp | Add +26.0% | 0.04% | +0.01 |
| NWN Northwest Natural Holding Co. | Add +24.6% | 0.03% | +0.01 |
| AWR American States Water Co. | Add +20.2% | 0.04% | +0.01 |
| HTO H2O America | Add +33.0% | 0.02% | +0.01 |
| META Meta Platforms Inc. Class A | Add +8.3% | 3.76% | +0.01 |
| MGEE Mge Energy Inc. | Add +24.8% | 0.03% | +0.01 |
| CPK Chesapeake Utilities Corp. | Add +24.4% | 0.03% | +0.01 |
| MSEX Middlesex Water Co. | Add +24.9% | 0.01% | +0.00 |
| HD Home Depot Inc. | Add +3.1% | 0.05% | +0.00 |
| BLK BlackRock Inc. | Add +16.9% | 0.00% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +10.1% | 0.53% | −0.00 |
| BKNG Booking Holdings Inc. | Add +3.5% | 0.63% | −0.10 |
| INTU Intuit Inc. | Add +18.6% | 2.03% | −0.43 |
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 |