Magellan Asset Management Ltd
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| EVERSOURCE ENERGY | ES | $248.4M | 3,437,065 | flat | 31q | -44.4%-$198.4M | |
| AMERICAN TOWER CORP | AMT | $230.0M | 1,406,263 | +1.78pp | 31q | -6.5%-$15.9M | |
| XCEL ENERGY INC | XEL | $226.3M | 2,818,534 | +2.67pp | 31q | +21.7%+$40.3M | |
| CROWN CASTLE INC | CCI | $210.6M | 2,780,296 | +1.70pp | 31q | -2.6%-$5.7M | |
| SEMPRA | SRE | $207.9M | 2,242,974 | +1.80pp | 31q | -0.7%-$1.4M | |
| CMS ENERGY CORP | CMS | $194.2M | 2,539,050 | +2.31pp | 31q | +25.7%+$39.7M | |
| EVERGY INC | EVRG | $187.9M | 2,173,521 | +1.82pp | 31q | -3.1%-$6.0M | |
| DOMINION ENERGY INC | D | $183.7M | 2,690,485 | +1.88pp | 31q | -3.1%-$6.0M | |
| MICROSOFT CORP | MSFT | $170.0M | 455,679 | -1.91pp | 31q | -61.7%-$273.6M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $164.5M | 344,465 | -1.49pp | 21q | -70.8%-$398.1M | |
| ALLIANT ENERGY CORP | LNT | $151.6M | 1,987,533 | +1.50pp | 31q | -2.3%-$3.6M | |
| AMAZON COM INC | AMZN | $149.6M | 627,789 | -2.73pp | 30q | -72.1%-$386.4M | |
| WEC ENERGY GROUP INC | WEC | $144.6M | 1,238,180 | +1.34pp | 31q | -1.8%-$2.7M | |
| MASTERCARD INCORPORATED | MA | $121.6M | 236,678 | -1.07pp | 31q | -59.5%-$178.9M | |
| ALPHABET INC | GOOG | $116.8M | 330,458 | +1.09pp | 31q | -19.3%-$28.0M | |
| META PLATFORMS INC | META | $100.9M | 179,071 | -1.51pp | 31q | -64.7%-$184.7M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $70.0M | 139,845 | -0.50pp | 31q | -58.0%-$96.5M | |
| S&P GLOBAL INC | SPGI | $68.8M | 168,908 | +0.66pp | 6q | +6.6%+$4.2M | |
| UNION PAC CORP | UNP | $68.4M | 251,472 | +0.72pp | 4q | -2.2%-$1.5M | |
| NETFLIX INC | NFLX | $66.5M | 931,061 | -0.39pp | 24q | -37.9%-$40.6M | |
| NORFOLK SOUTHN CORP | NSC | $63.3M | 201,346 | +0.65pp | 24q | -2.3%-$1.5M | |
| YUM BRANDS INC | YUM | $57.4M | 358,827 | -1.48pp | 31q | -73.8%-$161.7M | |
| SOUTHERN CO | SO | $56.7M | 592,268 | +0.58pp | 31q | +8.6%+$4.5M | |
| AMERICAN ELEC PWR CO INC | AEP | $56.5M | 413,164 | +0.58pp | 31q | +2.5%+$1.4M | |
| DUKE ENERGY CORP NEW | DUK | $56.0M | 442,471 | +0.57pp | 31q | +9.9%+$5.1M | |
| ENTERGY CORP NEW | ETR | $55.4M | 482,755 | +0.56pp | 29q | +3.1%+$1.7M | |
| NEXTERA ENERGY INC | NEE | $54.9M | 624,979 | +0.54pp | 14q | +9.7%+$4.9M | |
| EXELON CORP | EXC | $53.7M | 1,152,083 | +0.51pp | 15q | +5.5%+$2.8M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $53.1M | 105,936 | +0.66pp | 7q | +27.3%+$11.4M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $49.3M | 400,494 | -1.32pp | 31q | -66.2%-$96.8M | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $49.1M | 570,409 | +0.45pp | 8q | +3.6%+$1.7M | |
| DOLLAR GEN CORP | DG | $45.8M | 398,171 | +0.40pp | 15q | -2.4%-$1.1M | |
| CONSOLIDATED EDISON INC | ED | $45.4M | 410,364 | +0.44pp | 31q | +5.0%+$2.2M | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $44.5M | 548,309 | +0.45pp | 17q | +4.7%+$2.0M | |
| UNITEDHEALTH GROUP INC | UNH | $43.4M | 104,330 | -1.56pp | 15q | -85.5%-$255.8M | |
| CSX CORP | CSX | $42.4M | 891,356 | -0.04pp | 30q | -51.7%-$45.4M | |
| INTUIT | INTU | $38.7M | 148,165 | -1.17pp | 23q | -59.1%-$55.9M | |
| AMEREN CORP | AEE | $34.6M | 305,654 | +0.35pp | 31q | +2.5%+$827.7K | |
| BOOKING HOLDINGS INC | BKNG | $34.4M | 192,996 | +0.13pp | 31q | +1561.3%+$32.3M | |
| DTE ENERGY CO | DTE | $34.4M | 225,684 | +0.35pp | 31q | +2.5%+$843.2K | |
| ATMOS ENERGY CORP | ATO | $32.2M | 186,934 | +0.29pp | 31q | +3.1%+$959.0K | |
| CENTERPOINT ENERGY INC | CNP | $30.7M | 697,825 | +0.30pp | 21q | +2.2%+$647.7K | |
| FIRSTENERGY CORP | FE | $30.0M | 630,371 | +0.27pp | 31q | +2.4%+$707.7K | |
| AMERICAN WTR WKS CO INC NEW | AWK | $29.4M | 223,384 | +0.27pp | 31q | +3.1%+$896.1K | |
| PPL CORP | PPL | $28.3M | 778,473 | +0.26pp | 31q | +2.3%+$625.2K | |
| NISOURCE INC | NI | $25.3M | 532,855 | +0.27pp | 31q | +7.1%+$1.7M | |
| VISA INC | V | $20.8M | 60,505 | -2.14pp | 31q | -90.9%-$207.1M | |
| SBA COMMUNICATIONS CORP | SBAC | $20.5M | 115,963 | +0.21pp | 31q | +2.9%+$571.9K | |
| CHIPOTLE MEXICAN GRILL INC | CMG | $17.2M | 506,165 | -1.22pp | 31q | -86.9%-$114.2M | |
| ALPHABET INC | GOOGL | $16.7M | 46,773 | -2.15pp | 31q | -93.1%-$225.0M | |
| PROCTER & GAMBLE CO | PG | $14.2M | 96,860 | -2.12pp | 26q | -92.6%-$176.7M | |
| PINNACLE WEST CAP CORP | PNW | $13.7M | 127,654 | +0.15pp | 31q | +10.7%+$1.3M | |
| ESSENTIAL UTILS INC | WTRG | $12.3M | 320,787 | +0.12pp | 26q | +8.5%+$959.0K | |
| OGE ENERGY CORP | OGE | $11.3M | 231,574 | +0.11pp | 18q | +3.4%+$367.2K | |
| MSCI INC | MSCI | $9.7M | 17,396 | -1.73pp | 5q | -93.8%-$146.6M | |
| IDACORP INC | IDA | $8.9M | 58,544 | +0.11pp | 31q | +16.8%+$1.3M | |
| MEDTRONIC PLC | MDT | $8.8M | 113,048 | -1.44pp | 4q | -92.2%-$104.9M | |
| CME GROUP INC | CME | $8.2M | 36,996 | -1.07pp | 29q | -88.6%-$63.8M | |
| SOUTHWEST GAS HLDGS INC | SWX | $6.8M | 77,010 | - | new | NEW | |
| TXNM ENERGY INC | TXNM | $6.6M | 116,027 | +0.06pp | 31q | +4.2%+$263.0K | |
| BLACK HILLS CORP | BKH | $6.3M | 85,307 | +0.08pp | 31q | +15.0%+$829.2K | |
| STRYKER CORPORATION | SYK | $6.3M | 20,099 | -1.14pp | 14q | -93.3%-$88.5M | |
| PORTLAND GEN ELEC CO | POR | $6.1M | 118,083 | +0.07pp | 31q | +14.7%+$786.1K | |
| HOME DEPOT INC | HD | $5.2M | 14,775 | +0.07pp | 4q | +37.7%+$1.4M | |
| MONDELEZ INTL INC | MDLZ | $5.1M | 88,741 | +0.04pp | 26q | -12.3%-$717.6K | |
| MDU RES GROUP INC | MDU | $4.9M | 231,541 | - | new | NEW | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $4.8M | 67,305 | +0.05pp | 31q | +2.2%+$102.5K | |
| ONE GAS INC | OGS | $4.6M | 59,113 | +0.04pp | 31q | +2.4%+$106.5K | |
| SPIRE INC | SR | $4.5M | 57,949 | +0.04pp | 31q | +3.4%+$148.4K | |
| COCA COLA CO | KO | $3.4M | 41,619 | -1.52pp | 24q | -97.4%-$128.2M | |
| AMER STATES WTR CO | AWR | $3.0M | 36,743 | +0.03pp | 31q | HELD | |
| CALIFORNIA WTR SVC GROUP | CWT | $3.0M | 61,416 | +0.03pp | 31q | HELD | |
| AVISTA CORP | AVA | $2.9M | 70,956 | +0.03pp | 31q | HELD | |
| MGE ENERGY INC | MGEE | $2.4M | 29,683 | +0.02pp | 28q | HELD | |
| NORTHWEST NAT HLDG CO | NWN | $2.3M | 46,167 | +0.02pp | 30q | +5.1%+$110.8K | |
| CHESAPEAKE UTILS CORP | CPK | $2.1M | 17,200 | +0.02pp | 21q | +5.7%+$113.3K | |
| H2O AMERICA | HTO | $1.8M | 29,063 | +0.02pp | 31q | HELD | |
| MIDDLESEX WTR CO | MSEX | $870.6K | 15,503 | +0.01pp | 18q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Utilities | $2.2B | 49.4% |
| Real Estate | $461.0M | 10.3% |
| Software & IT Services | $443.0M | 9.9% |
| Retail & Consumer | $275.2M | 6.2% |
| Business Services | $220.8M | 4.9% |
| Transport & Logistics | $208.5M | 4.7% |
| Semiconductors & Electronics | $164.5M | 3.7% |
| Insurance | $113.3M | 2.5% |
| Other sectors | $321.5M | 7.2% |
| Not classified | $56.5M | 1.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $4.5B | 78 | 2 | 36 | 34 | 3 | 45.2% | 44 |
| Q1 2026 | $7.7B | 79 | 0 | 49 | 30 | 1 | 42.1% | 42 |
| Q4 2025 | $8.2B | 80 | 0 | 47 | 25 | 2 | 47.1% | 42 |
| Q3 2025 | $8.4B | 82 | 3 | 56 | 23 | 5 | 48.1% | 41 |
| Q2 2025 | $8.7B | 84 | 2 | 31 | 46 | 5 | 49.5% | 38 |
| Q1 2025 | $8.2B | 87 | 1 | 13 | 65 | 1 | 46.3% | 42 |
| Q4 2024 | $9.1B | 87 | 4 | 15 | 67 | 34 | 44.6% | 43 |
| Q3 2024 | $10.0B | 117 | 1 | 19 | 84 | 38 | 41.2% | 45 |
| Q2 2024 | $10.5B | 154 | 1 | 77 | 38 | 2 | 45.2% | 44 |
| Q1 2024 | $10.5B | 155 | 2 | 41 | 70 | 1 | 45.5% | 44 |
| Q4 2023 | $10.0B | 154 | 1 | 36 | 58 | 3 | 45.7% | 44 |
| Q3 2023 | $9.4B | 156 | 0 | 60 | 41 | 1 | 47.3% | 44 |
| Q2 2023 | $11.2B | 157 | 2 | 62 | 43 | 2 | 48.6% | 42 |
| Q1 2023 | $11.7B | 157 | 42 | 39 | 59 | 3 | 46.5% | 42 |
| Q4 2022 | $11.7B | 118 | 9 | 32 | 73 | 12 | 49.6% | 44 |
| Q3 2022 | $14.3B | 121 | 3 | 40 | 65 | 3 | 53.0% | 41 |
| Q2 2022 | $18.3B | 121 | 6 | 37 | 72 | 2 | 56.8% | 43 |
| Q1 2022 | $25.8B | 117 | 4 | 31 | 78 | 4 | 57.4% | 43 |
| Q4 2021 | $39.3B | 117 | 2 | 76 | 34 | 0 | 60.2% | 42 |
| Q3 2021 | $50.0B | 115 | 5 | 63 | 40 | 4 | 63.6% | 35 |
| Q2 2021 | $50.5B | 114 | 8 | 41 | 55 | 4 | 66.0% | 43 |
| Q1 2021 | $47.8B | 110 | 7 | 48 | 44 | 3 | 64.5% | 43 |
| Q4 2020 | $43.2B | 106 | 10 | 68 | 7 | 3 | 66.3% | 42 |
| Q3 2020 | $39.2B | 99 | 27 | 43 | 13 | 3 | 70.3% | 43 |
| Q2 2020 | $33.4B | 75 | 1 | 42 | 15 | 4 | 75.8% | 45 |
| Q1 2020 | $29.0B | 78 | 7 | 11 | 54 | 6 | 71.3% | 44 |
| Q4 2019 | $38.0B | 77 | 0 | 35 | 7 | 1 | 70.8% | 44 |
| Q3 2019 | $34.8B | 78 | 5 | 44 | 25 | 2 | 68.9% | 44 |
| Q2 2019 | $34.7B | 75 | 5 | 32 | 10 | 1 | 68.6% | 44 |
| Q1 2019 | $31.5B | 71 | 3 | 55 | 7 | 4 | 68.8% | 44 |
| Q4 2018 | $27.2B | 72 | 0 | 0 | 0 | 0 | 65.1% | 70 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.