13F HOLDINGS REPORT
Magellan Asset Management Ltd
Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001536105-26-000004
Total Value
$8.23B
Positions
80
Other Managers
1
Confidential Omitted
No
Holdings (80)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AMAZON COM INC | AMZN | 2,778,692 | $641.4M | 7.80% |
| 2 | MICROSOFT CORP | MSFT | 1,263,231 | $610.9M | 7.43% |
| 3 | EVERSOURCE ENERGY | ES | 6,989,415 | $470.6M | 5.72% |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,401,158 | $425.8M | 5.18% |
| 5 | MASTERCARD INCORPORATED | MA | 631,398 | $360.5M | 4.38% |
| 6 | META PLATFORMS INC | META | 467,995 | $308.9M | 3.76% |
| 7 | YUM BRANDS INC | YUM | 1,988,118 | $300.8M | 3.66% |
| 8 | UNITEDHEALTH GROUP INC | UNH | 811,738 | $268.0M | 3.26% |
| 9 | VISA INC | V | 711,707 | $249.6M | 3.03% |
| 10 | PROCTER AND GAMBLE CO | 742718109 | 1,642,678 | $235.4M | 2.86% |
| 11 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,259,320 | $204.0M | 2.48% |
| 12 | INTUIT | INTU | 305,521 | $202.4M | 2.46% |
| 13 | ALPHABET INC | GOOG | 644,809 | $201.8M | 2.45% |
| 14 | SEMPRA | SREA | 2,166,850 | $191.3M | 2.33% |
| 15 | AMERICAN TOWER CORP NEW | 03027X100 | 1,071,779 | $188.2M | 2.29% |
| 16 | MSCI INC | MSCI | 317,580 | $182.2M | 2.21% |
| 17 | CME GROUP INC | CME | 652,160 | $178.1M | 2.16% |
| 18 | EVERGY INC | EVRG | 2,409,310 | $174.7M | 2.12% |
| 19 | DOMINION ENERGY INC | D | 2,815,414 | $165.0M | 2.01% |
| 20 | CROWN CASTLE INC | CCI | 1,790,344 | $159.1M | 1.93% |
| 21 | XCEL ENERGY INC | XELLL | 2,111,509 | $156.0M | 1.90% |
| 22 | NETFLIX INC | NFLX | 1,636,208 | $153.4M | 1.86% |
| 23 | COCA COLA CO | KO | 2,138,440 | $149.5M | 1.82% |
| 24 | CHIPOTLE MEXICAN GRILL INC | CMG | 4,001,695 | $148.1M | 1.80% |
| 25 | ALPHABET INC | GOOG | 463,264 | $145.4M | 1.77% |
| 26 | ALLIANT ENERGY CORP | LNT | 2,180,425 | $141.7M | 1.72% |
| 27 | MEDTRONIC PLC | MDT | 1,472,858 | $141.5M | 1.72% |
| 28 | WEC ENERGY GROUP INC | WEC | 1,285,113 | $135.5M | 1.65% |
| 29 | STRYKER CORPORATION | SYK | 338,305 | $118.9M | 1.45% |
| 30 | CSX CORP | CSX | 3,216,069 | $116.6M | 1.42% |
| 31 | DOLLAR GEN CORP NEW | 256677105 | 545,445 | $72.4M | 0.88% |
| 32 | UNION PAC CORP | UNP | 286,438 | $66.3M | 0.81% |
| 33 | NORFOLK SOUTHN CORP | 655844108 | 229,244 | $66.2M | 0.80% |
| 34 | BOOKING HOLDINGS INC | BKNG | 11,230 | $60.1M | 0.73% |
| 35 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 117,846 | $59.2M | 0.72% |
| 36 | ZIMMER BIOMET HOLDINGS INC | ZBH | 636,734 | $57.3M | 0.70% |
| 37 | US BANCORP DEL | USB-PS | 1,048,050 | $55.9M | 0.68% |
| 38 | S&P GLOBAL INC | SPGI | 87,710 | $45.8M | 0.56% |
| 39 | THERMO FISHER SCIENTIFIC INC | TMO | 75,582 | $43.8M | 0.53% |
| 40 | NEXTERA ENERGY INC | NEE-PW | 491,469 | $39.5M | 0.48% |
| 41 | DUKE ENERGY CORP NEW | DUKB | 336,279 | $39.4M | 0.48% |
| 42 | SOUTHERN CO | SOMN | 450,612 | $39.3M | 0.48% |
| 43 | AMERICAN ELEC PWR CO INC | 025537101 | 339,933 | $39.2M | 0.48% |
| 44 | EXELON CORP | EXC | 862,916 | $37.6M | 0.46% |
| 45 | ENTERGY CORP NEW | ENO | 370,955 | $34.3M | 0.42% |
| 46 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 418,554 | $33.6M | 0.41% |
| 47 | CONSOLIDATED EDISON INC | ED | 313,902 | $31.2M | 0.38% |
| 48 | ATMOS ENERGY CORP | ATO | 138,554 | $23.2M | 0.28% |
| 49 | AMERICAN WTR WKS CO INC NEW | 030420103 | 177,479 | $23.2M | 0.28% |
| 50 | AMEREN CORP | AEE | 228,779 | $22.8M | 0.28% |
| 51 | DTE ENERGY CO | DTK | 169,278 | $21.8M | 0.27% |
| 52 | CENTERPOINT ENERGY INC | CNP | 553,939 | $21.2M | 0.26% |
| 53 | FIRSTENERGY CORP | FE | 473,459 | $21.2M | 0.26% |
| 54 | PPL CORP | PPLC | 595,657 | $20.9M | 0.25% |
| 55 | SBA COMMUNICATIONS CORP NEW | SBAC | 94,029 | $18.2M | 0.22% |
| 56 | CMS ENERGY CORP | CMS-PC | 252,895 | $17.7M | 0.21% |
| 57 | NISOURCE INC | NI | 399,089 | $16.7M | 0.20% |
| 58 | ESSENTIAL UTILS INC | 29670G102 | 225,280 | $8.6M | 0.11% |
| 59 | PINNACLE WEST CAP CORP | PNW | 92,503 | $8.2M | 0.10% |
| 60 | OGE ENERGY CORP | OGE | 150,913 | $6.4M | 0.08% |
| 61 | MONDELEZ INTL INC | 609207105 | 107,347 | $5.8M | 0.07% |
| 62 | IDACORP INC | IDA | 40,451 | $5.1M | 0.06% |
| 63 | PORTLAND GEN ELEC CO | 736508847 | 82,806 | $4.0M | 0.05% |
| 64 | SPIRE INC | SRJN | 46,165 | $3.8M | 0.05% |
| 65 | ONE GAS INC | OGS | 48,846 | $3.8M | 0.05% |
| 66 | TXNM ENERGY INC | TXNM | 63,543 | $3.7M | 0.05% |
| 67 | HOME DEPOT INC | HD | 10,401 | $3.6M | 0.04% |
| 68 | BLACK HILLS CORP | BKH | 51,532 | $3.6M | 0.04% |
| 69 | NORTHWESTERN ENERGY GROUP IN | NWE | 52,410 | $3.4M | 0.04% |
| 70 | AMER STATES WTR CO | 029899101 | 30,571 | $2.2M | 0.03% |
| 71 | CALIFORNIA WTR SVC GROUP | 130788102 | 48,734 | $2.1M | 0.03% |
| 72 | AVISTA CORP | AVA | 54,769 | $2.1M | 0.03% |
| 73 | MGE ENERGY INC | MGEE | 23,793 | $1.9M | 0.02% |
| 74 | NORTHWEST NAT HLDG CO | 66765N105 | 35,252 | $1.6M | 0.02% |
| 75 | CHESAPEAKE UTILS CORP | 165303108 | 13,083 | $1.6M | 0.02% |
| 76 | H2O AMERICA | HTO | 21,849 | $1.1M | 0.01% |
| 77 | MIDDLESEX WTR CO | 596680108 | 12,416 | $626,015 | 0.01% |
| 78 | SALESFORCE INC | CRM | 447 | $118,415 | 0.00% |
| 79 | PEPSICO INC | PEP | 494 | $70,899 | 0.00% |
| 80 | BLACKROCK INC | BLK | 65 | $69,572 | 0.00% |