13F
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Magellan Asset Management Ltd

13F equity value
$7.7B
Positions
79
Top 10 concentration
42.1%
Quarters / total new picks
27 / 139
13F equity value over time
$0M$25B$51B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned +0.8% per quarter — versus +2.8% per quarter from simply owning every 13F stock. It beat that baseline in only 44.4% of quarters (excess t = -1.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-3.4%
t-stat
-1.16
Quarterly win rate
44%
Annualized excess
-10.1%
$1 → follow vs universe
$1.00 vs $1.92
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120180930: universe 0.96320181231: universe 0.95320190331: universe 0.93720190630: universe 1.00720190930: universe 1.08320200331: universe 1.30520200930: universe 1.60120201231: universe 1.67420210331: universe 1.68920210630: universe 1.82420210930: universe 1.63720211231: universe 1.39320220331: universe 1.49620220630: universe 1.38620220930: universe 1.48820221231: universe 1.38220230331: universe 1.45720230630: universe 1.40420231231: universe 1.46720240331: universe 1.50020240630: universe 1.63620240930: universe 1.62220241231: universe 1.51420250331: universe 1.65120250630: universe 1.70320250930: universe 1.915 20180630: follow 1.10520180930: follow 1.16320181231: follow 1.27420190331: follow 1.20220190630: follow 1.24520190930: follow 1.36120200331: follow 1.51620200930: follow 1.61120201231: follow 1.79620210331: follow 1.99320210630: follow 1.92520210930: follow 1.78120211231: follow 1.03120220331: follow 1.09920220630: follow 1.01420220930: follow 1.10020221231: follow 1.10820230331: follow 1.15020230630: follow 1.05720231231: follow 1.09120240331: follow 1.12720240630: follow 0.88020240930: follow 0.81820241231: follow 0.81420250331: follow 0.86220250630: follow 0.88720250930: follow 1.003 0.75 1.45 2.15 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 79 · 2026 Q1

Ticker Value Weight QoQ
AMZN $468M
6.1%
TRIM
MSFT $440M
5.7%
TRIM
ES $428M
5.6%
TRIM
TSM $398M
5.2%
TRIM
MA $292M
3.8%
TRIM
META $290M
3.8%
ADD
AMT $259M
3.4%
ADD
CCI $232M
3.0%
ADD
SRE $219M
2.9%
ADD
YUM $213M
2.8%
TRIM
V $201M
2.6%
TRIM
UNH $195M
2.5%
TRIM
GOOGL $195M
2.5%
ADD
PG $188M
2.4%
TRIM
ICE $187M
2.4%
TRIM
XEL $184M
2.4%
ADD
EVRG $184M
2.4%
TRIM
D $172M
2.2%
HOLD
BRK/B $159M
2.1%
ADD
CMS $157M
2.0%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

None.

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.