# Magellan Asset Management Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1536105. Source: https://holderbook.com/funds/1536105-magellan-asset-management-ltd/

- Reported value: $4.5B
- Positions: 78
- Weight of the ten largest: 45.2%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $248.4M | 3,437,065 | 5.6% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $230.0M | 1,406,263 | 5.1% | 31 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $226.3M | 2,818,534 | 5.1% | 31 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $210.6M | 2,780,296 | 4.7% | 31 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $207.9M | 2,242,974 | 4.6% | 31 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $194.2M | 2,539,050 | 4.3% | 31 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $187.9M | 2,173,521 | 4.2% | 31 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $183.7M | 2,690,485 | 4.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $170.0M | 455,679 | 3.8% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $164.5M | 344,465 | 3.7% | 21 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $151.6M | 1,987,533 | 3.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $149.6M | 627,789 | 3.3% | 30 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $144.6M | 1,238,180 | 3.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $121.6M | 236,678 | 2.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $116.8M | 330,458 | 2.6% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $100.9M | 179,071 | 2.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $70.0M | 139,845 | 1.6% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $68.8M | 168,908 | 1.5% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $68.4M | 251,472 | 1.5% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $66.5M | 931,061 | 1.5% | 24 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $63.3M | 201,346 | 1.4% | 24 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $57.4M | 358,827 | 1.3% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $56.7M | 592,268 | 1.3% | 31 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $56.5M | 413,164 | 1.3% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $56.0M | 442,471 | 1.3% | 31 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $55.4M | 482,755 | 1.2% | 29 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $54.9M | 624,979 | 1.2% | 14 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $53.7M | 1,152,083 | 1.2% | 15 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $53.1M | 105,936 | 1.2% | 7 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $49.3M | 400,494 | 1.1% | 31 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $49.1M | 570,409 | 1.1% | 8 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $45.8M | 398,171 | 1.0% | 15 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $45.4M | 410,364 | 1.0% | 31 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $44.5M | 548,309 | 1.0% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $43.4M | 104,330 | 1.0% | 15 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $42.4M | 891,356 | 0.9% | 30 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $38.7M | 148,165 | 0.9% | 23 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $34.6M | 305,654 | 0.8% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $34.4M | 192,996 | 0.8% | 31 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $34.4M | 225,684 | 0.8% | 31 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $32.2M | 186,934 | 0.7% | 31 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $30.7M | 697,825 | 0.7% | 21 |
| FIRSTENERGY CORP | [FE](https://holderbook.com/stocks/FE/) | $30.0M | 630,371 | 0.7% | 31 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $29.4M | 223,384 | 0.7% | 31 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $28.3M | 778,473 | 0.6% | 31 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $25.3M | 532,855 | 0.6% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $20.8M | 60,505 | 0.5% | 31 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $20.5M | 115,963 | 0.5% | 31 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $17.2M | 506,165 | 0.4% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.7M | 46,773 | 0.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.2M | 96,860 | 0.3% | 26 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $13.7M | 127,654 | 0.3% | 31 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $12.3M | 320,787 | 0.3% | 26 |
| OGE ENERGY CORP | [OGE](https://holderbook.com/stocks/OGE/) | $11.3M | 231,574 | 0.3% | 18 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $9.7M | 17,396 | 0.2% | 5 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $8.9M | 58,544 | 0.2% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $8.8M | 113,048 | 0.2% | 4 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $8.2M | 36,996 | 0.2% | 29 |
| SOUTHWEST GAS HLDGS INC | [SWX](https://holderbook.com/stocks/SWX/) | $6.8M | 77,010 | 0.2% | 1 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $6.6M | 116,027 | 0.1% | 31 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $6.3M | 85,307 | 0.1% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $6.3M | 20,099 | 0.1% | 14 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $6.1M | 118,083 | 0.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.2M | 14,775 | 0.1% | 4 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $5.1M | 88,741 | 0.1% | 26 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $4.9M | 231,541 | 0.1% | 1 |
| NORTHWESTERN ENERGY GROUP IN | [NWE](https://holderbook.com/stocks/NWE/) | $4.8M | 67,305 | 0.1% | 31 |
| ONE GAS INC | [OGS](https://holderbook.com/stocks/OGS/) | $4.6M | 59,113 | 0.1% | 31 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $4.5M | 57,949 | 0.1% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.4M | 41,619 | 0.1% | 24 |
| AMER STATES WTR CO | [AWR](https://holderbook.com/stocks/AWR/) | $3.0M | 36,743 | 0.1% | 31 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $3.0M | 61,416 | 0.1% | 31 |
| AVISTA CORP | [AVA](https://holderbook.com/stocks/AVA/) | $2.9M | 70,956 | 0.1% | 31 |
| MGE ENERGY INC | [MGEE](https://holderbook.com/stocks/MGEE/) | $2.4M | 29,683 | 0.1% | 28 |
| NORTHWEST NAT HLDG CO | [NWN](https://holderbook.com/stocks/NWN/) | $2.3M | 46,167 | 0.1% | 30 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $2.1M | 17,200 | 0.0% | 21 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $1.8M | 29,063 | 0.0% | 31 |
| MIDDLESEX WTR CO | [MSEX](https://holderbook.com/stocks/MSEX/) | $870.6K | 15,503 | 0.0% | 18 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.3% | +14.8% | -10.5% | 100% |
| Q1 2026 | -3.8% | -4.6% | +0.8% | 100% |
| Q4 2025 | -0.9% | +2.4% | -3.3% | 100% |
| Q3 2025 | +2.8% | +7.8% | -5.0% | 100% |
| Q2 2025 | +8.6% | +10.5% | -1.9% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.8% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +8.0% | +5.4% | +2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.5B | 78 |
| Q1 2026 | $7.7B | 79 |
| Q4 2025 | $8.2B | 80 |
| Q3 2025 | $8.4B | 82 |
| Q2 2025 | $8.7B | 84 |
| Q1 2025 | $8.2B | 87 |
| Q4 2024 | $9.1B | 87 |
| Q3 2024 | $10.0B | 117 |
| Q2 2024 | $10.5B | 154 |
| Q1 2024 | $10.5B | 155 |
| Q4 2023 | $10.0B | 154 |
| Q3 2023 | $9.4B | 156 |