Magellan Asset Management Ltd

Long Only Manager

Magellan Asset Management Ltd is a Long Only Manager led by Sophia Sally Rahmani, reporting $25.6B in AUM as of Q3 2025 with AMZN as the largest holding (8% allocation).

CEOSophia Sally Rahmani

Portfolio Value: $8.4B
Positions: 82
Top Holding: AMZN at 7.69%
Last Reported: Q3 2025

AddressLevel 36, 25 Martin Place, Sydney, Nsw, 2000, Australia

Top Holdings

Largest long holdings in Magellan Asset Management Ltd's portfolio (48.1% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Amazon AMZN	Specialty Retail Consumer Cyclical	$649.5M	7.69%	-$43.0M Sold	0.03% 3.0M shares	Q1 2019 Held for 6y 8m
2 Microsoft MSFT	Software - Infrastructure Technology	$637.4M	7.55%	-$94.7M Sold	0.02% 1.2M shares	≤ Q2 2013 Held for 12y 5m+
3 Eversource Energy ES	Regulated Electric Utilities	$526.9M	6.24%	+$32.3M Bought	2.00% 7.4M shares	≤ Q2 2013 Held for 12y 5m+
4 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$420.7M	4.98%	-$117.2M Sold	— 1.5M shares	Q4 2022 Held for 2y 11m
5 Mastercard MA	Financial - Credit Services Financial Services	$371.0M	4.39%	-$2.6M Sold	0.07% 652.2K shares	≤ Q2 2013 Held for 12y 5m+
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$339.7M	4.02%	-$126.0M Sold	0.02% 462.5K shares	Q4 2016 Held for 8y 11m
7 Yum! Brands YUM	Restaurants Consumer Cyclical	$324.4M	3.84%	-$26.2M Sold	0.77% 2.1M shares	≤ Q2 2013 Held for 12y 5m+
8 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$280.2M	3.32%	-$3.9M Sold	0.09% 811.5K shares	Q4 2022 Held for 2y 11m
9 Visa V	Financial - Credit Services Financial Services	$259.7M	3.08%	-$39.5M Sold	0.04% 760.8K shares	≤ Q2 2013 Held for 12y 5m+
10 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$251.6M	2.98%	-$11.2M Sold	0.07% 1.6M shares	Q1 2020 Held for 5y 8m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Magellan Asset Management Ltd's latest filing

See all changes

GthenC

Market Value

$8.4B

Prior: $8.7B

Q/Q Change

-3.49%

-$305.0M

Net Flows % of MV

-9.07%

Turnover Ratio

10.17%

New Purchases

0 stocks

Added To

56 stocks

+$473.4M

Sold Out Of

5 stocks

$212.9M

Reduced Holdings

23 stocks

-$1.0B

Increased Positions

Position	Shares Δ	Change
1 Alliant Energy LNT	+802.78%	172.1K → 1.6M +$93.1M
2 Thermo Fisher Scientific TMO	+781.57%	12.4K → 109.7K +$47.2M
3 Dollar General DG	+85.82%	368.6K → 684.9K +$32.7M
4 S&P Global SPGI	+71.76%	6.1K → 10.5K +$2.1M
5 Berkshire Hathaway BRK.B	+44.78%	81.8K → 118.4K +$18.4M

Decreased Positions

Position	Shares Δ	Change
1 NVO Novo Nordisk NVO	Sold	1.7M → 0 −$115.8M
2 Ulta Beauty, Inc. ULTA	Sold	63.7K → 0 −$29.8M
3 Mercado Libre MELI	Sold	9.8K → 0 −$25.5M
4 Morgan Stanley MS	Sold	164.9K → 0 −$23.2M
5 Yum China Holdings YUMC	Sold	413.4K → 0 −$18.5M