Magellan Asset Management Ltd

CIK 0001536105 · Q2 2026

13F Equity AUM

$4.5B

-42.0% QoQ

Positions

-1 QoQ

AUM Rank

#1,592

Top 13%

Skill Alpha (FF)

+0.5%/yr^ns

No Clear Edge

Rank #2,311 · Top 28%

vs S&P -0.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 25.1%Top 10: 45.3%Top 20: 68.9%

ES5.5%

AMT5.1%

XEL5.1%

8CW4.7%

SRE4.7%

CMS4.3%

EVRG4.2%

D4.1%

MSFT3.8%

TSM3.7%

Others (68)54.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Utilities51.8%

Technology8.3%

Financial Services7.8%

Communication Services6.7%

Consumer Cyclical5.9%

Real Estate5.6%

Financials4.7%

Industrials4.0%

Other5.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 78Median: 0.77%Avg: 1.28%

0–0.5%

32(5.5%)

0.5–1%

13(10.0%)

1–3%

20(29.3%)

3–5%

10(39.5%)

5%+

3(15.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 78vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased36Decreased35Exited3

New Positions

SWX0.1%

+77K

MDU0.1%

+232K

Increased

CMS4.3%

+519K(+26%)

XEL5.1%

+502K(+22%)

BKNG0.8%

+181K(+1561%)

PEO1.2%

+60K(+5%)

NEE1.2%

+55K(+10%)

SO1.3%

+47K(+9%)

DUK1.3%

+40K(+10%)

NI0.6%

+35K(+7%)

WTRG0.3%

+25K(+8%)

PEG1.0%

+25K(+5%)

Decreased

CMG0.4%

-3,358,944(-87%)

ES5.5%

-2,745,517(-44%)

AMZN3.4%

-1,621,092(-72%)

KO0.1%

-1,576,952(-97%)

MDT0.2%

-1,341,170(-92%)

PG0.3%

-1,204,868(-93%)

YUM1.3%

-1,011,261(-74%)

CSX0.9%

-955,707(-52%)

TSM3.7%

-833,543(-71%)

ICE1.1%

-785,899(-66%)

Exited

PEP

-443

CRM

-369

BLK

-76

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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