Magellan Asset Management Ltd

Portfolio Overview

Magellan Asset Management Ltd disclosed 78 positions worth $4.5B in its Form 13F-HR for Q2 2026, led by $ES (EVERSOURCE ENERGY) at 5.5% of the equity portfolio, followed by $AMT and $XEL. During the quarter the fund opened 2 new positions and exited 3 — including a new stake in $SWX and a full exit from $BLK. The portfolio is most concentrated in Utilities (50.6% of disclosed assets). All figures are sourced directly from Magellan Asset Management Ltd’s Form 13F-HR filing with the SEC under CIK 1536105.

• 

  EVERSOURCE ENERGY

  $ES

  66.1#442

  Quality

  $248.4M3,437,065 sh
• 

  AMERICAN TOWER CORP /MA/

  $AMT

  66.3#407

  Quality

  $230.0M1,406,263 sh
• 

  XCEL ENERGY INC

  $XEL

  56.4#1,169

  Quality

  $226.3M2,818,534 sh
• 

  CROWN CASTLE INC.

  $CCI

  61.7

  Quality

  $210.6M2,780,296 sh
• 

  SEMPRA

  $SRE

  41.9

  Quality

  $207.9M2,242,974 sh
• 

  CMS ENERGY CORP

  $CMS

  57.3

  Quality

  $194.2M2,539,050 sh
• 

  Evergy, Inc.

  $EVRG

  53.2

  Quality

  $187.9M2,173,521 sh
• 

  DOMINION ENERGY, INC

  $D

  69.9

  Quality

  $183.7M2,690,485 sh
• 

  MICROSOFT CORP

  $MSFT

  79.8

  Quality

  $170.0M455,679 sh
• 

  TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

  $TSM

  —

  Quality

  $164.5M344,465 sh

Company	Quality	Value	Shares
EVERSOURCE ENERGY$ES	66.1#442	$248.4M	3,437,065
AMERICAN TOWER CORP /MA/$AMT	66.3#407	$230.0M	1,406,263
XCEL ENERGY INC$XEL	56.4#1,169	$226.3M	2,818,534
CROWN CASTLE INC.$CCI	61.7	$210.6M	2,780,296
SEMPRA$SRE	41.9	$207.9M	2,242,974
CMS ENERGY CORP$CMS	57.3	$194.2M	2,539,050
Evergy, Inc.$EVRG	53.2	$187.9M	2,173,521
DOMINION ENERGY, INC$D	69.9	$183.7M	2,690,485
MICROSOFT CORP$MSFT	79.8	$170.0M	455,679
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM	—	$164.5M	344,465

Showing top 10 of 78 holdings.

Full Holdings — Magellan Asset Management Ltd (Q2 2026)

All 78 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$ES	EVERSOURCE ENERGY	$248.4M	5.5%	-44%	66.1
2	$AMT	AMERICAN TOWER CORP /MA/	$230.0M	5.1%	-6%	66.3
3	$XEL	XCEL ENERGY INC	$226.3M	5.1%	+22%	56.4
4	$CCI	CROWN CASTLE INC.	$210.6M	4.7%	-3%	61.7
5	$SRE	SEMPRA	$207.9M	4.7%	-1%	41.9
6	$CMS	CMS ENERGY CORP	$194.2M	4.3%	+26%	57.3
7	$EVRG	Evergy, Inc.	$187.9M	4.2%	-3%	53.2
8	$D	DOMINION ENERGY, INC	$183.7M	4.1%	-3%	69.9
9	$MSFT	MICROSOFT CORP	$170.0M	3.8%	-62%	79.8
10	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$164.5M	3.7%	-71%	—
11	$LNT	ALLIANT ENERGY CORP	$151.6M	3.4%	-2%	53.6
12	$AMZN	AMAZON COM INC	$149.6M	3.4%	-72%	68.7
13	$WEC	WEC ENERGY GROUP, INC.	$144.6M	3.2%	-2%	60.1
14	$MA	Mastercard Inc	$121.6M	2.7%	-60%	85.1
15	$GOOGL	Alphabet Inc.	$116.8M	2.6%	-19%	78.2
16	$META	Meta Platforms, Inc.	$100.9M	2.3%	-65%	79.6
17	$BRK.B	BERKSHIRE HATHAWAY INC	$70.0M	1.6%	-58%	73.8
18	$SPGI	S&P Global Inc.	$68.8M	1.5%	+7%	76.1
19	$UNP	UNION PACIFIC CORP	$68.4M	1.5%	-2%	69.7
20	$NFLX	NETFLIX INC	$66.5M	1.5%	-38%	78.8
21	$NSC	NORFOLK SOUTHERN CORP	$63.3M	1.4%	-2%	63.2
22	$YUM	YUM BRANDS INC	$57.4M	1.3%	-74%	73.7
23	$SO	SOUTHERN CO	$56.7M	1.3%	+9%	62
24	$AEP	AMERICAN ELECTRIC POWER CO INC	$56.5M	1.3%	+3%	66.8
25	$DUK	Duke Energy CORP	$56.0M	1.3%	+10%	56.4
26	$ETR	ENTERGY CORP /DE/	$55.4M	1.2%	+3%	59.5
27	$NEE	NEXTERA ENERGY INC	$54.9M	1.2%	+10%	64.6
28	$EXC	EXELON CORP	$53.7M	1.2%	+5%	59.6
29	$TMO	THERMO FISHER SCIENTIFIC INC.	$53.1M	1.2%	+27%	65.1
30	$ICE	Intercontinental Exchange, Inc.	$49.3M	1.1%	-66%	73.7
31	$ZBH	ZIMMER BIOMET HOLDINGS, INC.	$49.1M	1.1%	+4%	65.7
32	$DG	DOLLAR GENERAL CORP	$45.8M	1.0%	-2%	59.5
33	$ED	CONSOLIDATED EDISON INC	$45.4M	1.0%	+5%	67.3
34	$PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$44.5M	1.0%	+5%	60.9
35	$UNH	UNITEDHEALTH GROUP INC	$43.4M	1.0%	-86%	62.7
36	$CSX	CSX CORP	$42.4M	0.9%	-52%	65.2
37	$INTU	INTUIT INC.	$38.7M	0.9%	-59%	79.3
38	$AEE	AMEREN CORP	$34.6M	0.8%	+2%	59.4
39	$BKNG	Booking Holdings Inc.	$34.4M	0.8%	+1561%	58.5
40	$DTB	DTE ENERGY CO	$34.4M	0.8%	+3%	68.9
41	$ATO	ATMOS ENERGY CORP	$32.2M	0.7%	+3%	57.6
42	$CNP	CENTERPOINT ENERGY INC	$30.7M	0.7%	+2%	53.2
43	$FE	FIRSTENERGY CORP	$30.0M	0.7%	+2%	61.5
44	$AWK	American Water Works Company, Inc.	$29.4M	0.7%	+3%	58.1
45	$PPL	PPL Corp	$28.3M	0.6%	+2%	55.7
46	$NI	NISOURCE INC.	$25.3M	0.6%	+7%	62.6
47	$V	VISA INC.	$20.8M	0.5%	-91%	82.9
48	$SBAC	SBA COMMUNICATIONS CORP	$20.5M	0.5%	+3%	63.7
49	$CMG	CHIPOTLE MEXICAN GRILL INC	$17.2M	0.4%	-87%	65.1
50	$GOOG	Alphabet Inc.	$16.7M	0.4%	-93%	78.2
51	$PG	PROCTER & GAMBLE Co	$14.2M	0.3%	-93%	64.6
52	$PNW	PINNACLE WEST CAPITAL CORP	$13.7M	0.3%	+11%	53.6
53	$WTRG	Essential Utilities, Inc.	$12.3M	0.3%	+8%	68.1
54	$OGE	OGE ENERGY CORP.	$11.3M	0.3%	+3%	64.4
55	$MSCI	MSCI Inc.	$9.7M	0.2%	-94%	75.7
56	$IDA	IDACORP INC	$8.9M	0.2%	+17%	51.1
57	$MDT	Medtronic plc	$8.8M	0.2%	-92%	68.7
58	$CME	CME GROUP INC.	$8.2M	0.2%	-89%	69.5
59	$SWX	Southwest Gas Holdings, Inc.	$6.8M	0.1%	NEW	44.5
60	$TXNM	TXNM ENERGY INC	$6.6M	0.1%	+4%	52.8
61	$BKH	BLACK HILLS CORP /SD/	$6.3M	0.1%	+15%	53.3
62	$SYK	STRYKER CORP	$6.3M	0.1%	-93%	72.1
63	$POR	PORTLAND GENERAL ELECTRIC CO /OR/	$6.1M	0.1%	+15%	53.8
64	$HD	HOME DEPOT, INC.	$5.2M	0.1%	+38%	60.3
65	$MDLZ	Mondelez International, Inc.	$5.1M	0.1%	-12%	56.4
66	$MDU	MDU RESOURCES GROUP INC	$4.9M	0.1%	NEW	49.1
67	$NWE	NorthWestern Energy Group, Inc.	$4.8M	0.1%	+2%	46.9
68	$OGS	ONE Gas, Inc.	$4.6M	0.1%	+2%	—
69	$SR	SPIRE INC	$4.5M	0.1%	+3%	43
70	$KO	COCA COLA CO	$3.4M	0.1%	-97%	69.5
71	$AWR	AMERICAN STATES WATER CO	$3.0M	0.1%	+0%	52.4
72	$CWT	CALIFORNIA WATER SERVICE GROUP	$3.0M	0.1%	+0%	63.4
73	$AVA	AVISTA CORP	$2.9M	0.1%	-0%	54.2
74	$MGEE	MGE ENERGY INC	$2.4M	0.1%	+0%	52.2
75	$NWN	Northwest Natural Holding Co	$2.3M	0.1%	+5%	53.9
76	$CPK	CHESAPEAKE UTILITIES CORP	$2.1M	0.1%	+6%	57.5
77	$HTO	H2O AMERICA	$1.8M	0.0%	+0%	59.8
78	$MSEX	MIDDLESEX WATER CO	$870,648	0.0%	+0%	46.4