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Asset manager

Guinness Asset Management Ltd

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 1409661

Reported value
$5.9bn
100% in companies we cover
Positions we cover
138
Largest TXN 5.5%
Copy, a year
+12.0%
S&P 500 +13.8%
Copy Sharpe ratio
0.65
S&P 500 0.76

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.3k$44.8k
CopyS&P 500 $10,000 copying Guinness Asset Management Ltd's filed holdings in companies we cover from August 2, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −34.6% (S&P 500 −31.8%); beta 0.96; alpha −0.9% a year (t = −0.51); last 12 months +17.7% against +12.1%.

Reported value by quarter

Guinness Asset Management Ltd: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T $4T Reported value, 2013-06-30: $131M Reported value, 2013-09-30: $162.3M Reported value, 2013-12-31: $161.3M Reported value, 2014-03-31: $163.9M Reported value, 2014-06-30: $256.2M Reported value, 2014-09-30: $236.9M Reported value, 2014-12-31: $202.7M Reported value, 2015-03-31: $213.4M Reported value, 2015-06-30: $259.7M Reported value, 2015-09-30: $214.6M Reported value, 2015-12-31: $244.3M Reported value, 2016-03-31: $328.6M Reported value, 2016-06-30: $364.6M Reported value, 2016-09-30: $397.6M Reported value, 2016-12-31: $416.2M Reported value, 2017-03-31: $448.8M Reported value, 2017-06-30: $472.4M Reported value, 2017-09-30: $477.3M Reported value, 2017-12-31: $476M Reported value, 2018-03-31: $455.4M Reported value, 2018-06-30: $510.3M Reported value, 2018-09-30: $553.1M Reported value, 2018-12-31: $489.3M Reported value, 2019-03-31: $587.5M Reported value, 2019-06-30: $616.3M Reported value, 2019-09-30: $659.2M Reported value, 2019-12-31: $818.7M Reported value, 2020-03-31: $690.5M Reported value, 2020-06-30: $845.9M Reported value, 2020-09-30: $955.4M Reported value, 2020-12-31: $1.4B Reported value, 2021-03-31: $1.6B Reported value, 2021-06-30: $1.8B Reported value, 2021-09-30: $2.1B Reported value, 2021-12-31: $2.6B Reported value, 2022-03-31: $2.7B Reported value, 2022-06-30: $2.5B Reported value, 2022-09-30: $2.9B Reported value, 2022-12-31: $3.6T Reported value, 2023-03-31: $3.9B Reported value, 2023-06-30: $4.3B Reported value, 2023-09-30: $4.3B Reported value, 2023-12-31: $4.6B Reported value, 2024-03-31: $4.8B Reported value, 2024-06-30: $4.8B Reported value, 2024-09-30: $5.3B Reported value, 2024-12-31: $5.3B Reported value, 2025-03-31: $454.6M Reported value, 2025-06-30: $5.6B Reported value, 2025-09-30: $6.3B Reported value, 2025-12-31: $6.2B Reported value, 2026-03-31: $5.8B Reported value, 2026-06-30: $5.9B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $5.9B
View chart data
Period Reported value
2013-06-30 $131M
2013-09-30 $162.3M
2013-12-31 $161.3M
2014-03-31 $163.9M
2014-06-30 $256.2M
2014-09-30 $236.9M
2014-12-31 $202.7M
2015-03-31 $213.4M
2015-06-30 $259.7M
2015-09-30 $214.6M
2015-12-31 $244.3M
2016-03-31 $328.6M
2016-06-30 $364.6M
2016-09-30 $397.6M
2016-12-31 $416.2M
2017-03-31 $448.8M
2017-06-30 $472.4M
2017-09-30 $477.3M
2017-12-31 $476M
2018-03-31 $455.4M
2018-06-30 $510.3M
2018-09-30 $553.1M
2018-12-31 $489.3M
2019-03-31 $587.5M
2019-06-30 $616.3M
2019-09-30 $659.2M
2019-12-31 $818.7M
2020-03-31 $690.5M
2020-06-30 $845.9M
2020-09-30 $955.4M
2020-12-31 $1.4B
2021-03-31 $1.6B
2021-06-30 $1.8B
2021-09-30 $2.1B
2021-12-31 $2.6B
2022-03-31 $2.7B
2022-06-30 $2.5B
2022-09-30 $2.9B
2022-12-31 $3.6T
2023-03-31 $3.9B
2023-06-30 $4.3B
2023-09-30 $4.3B
2023-12-31 $4.6B
2024-03-31 $4.8B
2024-06-30 $4.8B
2024-09-30 $5.3B
2024-12-31 $5.3B
2025-03-31 $454.6M
2025-06-30 $5.6B
2025-09-30 $6.3B
2025-12-31 $6.2B
2026-03-31 $5.8B
2026-06-30 $5.9B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
TXNTexas Instruments5.52%$326.1m1.10M−5.2% Reduced
CSCOCisco5.40%$318.9m2.73M−5.1% Reduced
AVGOBroadcom4.95%$292.2m776.6K−6.1% Reduced
JNJJohnson & Johnson4.43%$262.0m1.04M−5.2% Reduced
ABBVAbbVie4.42%$261.2m1.04M−5.3% Reduced
ETNEaton Corporation4.08%$241.3m568.8K−5.2% Reduced
AFLAflac4.04%$238.8m2.04M−5.3% Reduced
EMREmerson Electric3.96%$234.1m1.64M−5.4% Reduced
KOThe Coca-Cola Company3.77%$222.6m2.75M−5.4% Reduced
MSFTMicrosoft Corporation3.61%$213.6m574.9K−6.4% Reduced
MDTMedtronic3.41%$201.5m2.58M−4.9% Reduced
AJGArthur J. Gallagher & Co.3.29%$194.7m851.3K−5.6% Reduced
ITWIllinois Tool Works3.29%$194.2m721.1K−5.5% Reduced
PGProcter & Gamble3.20%$189.0m1.29M−5.6% Reduced
MDLZMondelez International3.19%$188.7m3.26M−5.9% Reduced
PEPPepsiCo3.11%$183.8m1.36M−5.5% Reduced
PAYXPaychex3.08%$182.0m1.86M−5.7% Reduced
BLKBlackRock3.03%$178.9m186.9K−5.6% Reduced
CMECME Group2.81%$166.2m755.6K−5.7% Reduced
OTISOtis Worldwide2.67%$157.6m2.20M−6.1% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD1.65%$97.2m206.4K−5.8% Reduced
KLACKLA Corporation1.25%$74.0m250.8K+653.1% Added
APHAmphenol1.17%$69.3m392.8K−8.1% Reduced
LRCXLam Research1.12%$66.0m155.8K−25.7% Reduced
AMATApplied Materials1.11%$65.6m90.8K−27.6% Reduced
AMDAdvanced Micro Devices0.96%$57.0m98.2KNew
GOOGLAlphabet Inc. (Class A)0.87%$51.2m144.5K−6.6% Reduced
AMZNAmazon0.82%$48.7m204.5K−10.0% Reduced
AAPLApple Inc.0.82%$48.4m170.7K−7.6% Reduced
NVDANVIDIA Corporation0.81%$47.6m241.8K−6.1% Reduced
VVisa Inc.0.79%$46.4m135.3K−10.0% Reduced
AMEAmetek0.75%$44.6m184.2K−10.0% Reduced
NDAQNasdaq, Inc.0.75%$44.4m563.3K+3019.3% Added
MAMastercard0.72%$42.7m83.2K−10.0% Reduced
ROPRoper Technologies0.71%$42.2m124.7K−9.5% Reduced
TMOThermo Fisher Scientific0.71%$41.9m83.7K−10.0% Reduced
DHRDanaher Corporation0.66%$39.2m205.7K−10.0% Reduced
ICEIntercontinental Exchange0.64%$37.8m312.1K+0.3%
METAMeta Platforms0.62%$36.7m65.1K−10.0% Reduced
NFLXNetflix0.62%$36.4m510.4K−10.0% Reduced
CRMSalesforce0.58%$34.5m220.3K−10.0% Reduced
VLOValero Energy0.28%$16.7m64.3K−27.8% Reduced
HUBBHubbell Incorporated0.28%$16.6m31.7K−1.8% Reduced
TTTrane Technologies0.27%$15.7m32.0K−2.6% Reduced
NEENextEra Energy0.25%$15.0m170.4K−2.6% Reduced
CVXChevron Corporation0.25%$14.8m89.3K−11.2% Reduced
COPConocoPhillips0.23%$13.5m130.1K−10.9% Reduced
STSensata Technologies Holding plc0.22%$13.0m272.8K−2.6% Reduced
NXPINXP Semiconductors0.22%$13.0m46.1K−2.6% Reduced
CNQCanadian Natural Resources Ltd0.20%$12.1m305.7K−13.9% Reduced
CVECenovus Energy Inc.0.20%$11.8m477.6K−15.7% Reduced
SUSuncor Energy Inc0.20%$11.8m219.3K−14.6% Reduced
FANGDiamondback Energy0.20%$11.7m66.8K−10.9% Reduced
EOGEOG Resources0.20%$11.7m90.5K−10.8% Reduced
IMOImperial OIL LTD0.20%$11.5m102.7K−16.4% Reduced
ORAOrmat Technologies, Inc.0.20%$11.5m105.7K−2.6% Reduced
FSLRFirst Solar, Inc.0.19%$11.5m48.7K−2.6% Reduced
NTESNetease, Inc.0.18%$10.8m84.6K+9.3% Added
DVNDevon Energy0.18%$10.6m257.0K−10.9% Reduced
OCOwens Corning0.17%$10.3m65.0K+2.2% Added
HALHalliburton0.17%$10.1m298.2K−12.0% Reduced
WMBWilliams Companies0.17%$10.0m134.7K−12.3% Reduced
SLBSchlumberger0.16%$9.6m206.8K−16.3% Reduced
TRPTC Energy Corp0.16%$9.4m141.7K−13.9% Reduced
ENBEnbridge Inc0.16%$9.4m172.6K−12.4% Reduced
KMIKinder Morgan0.15%$9.2m286.7K−14.7% Reduced
CSLCarlisle Companies Inc0.15%$8.9m24.5K+1.7% Added
APTVAptiv0.14%$8.5m137.9K+1.8% Added
ACMAecom0.14%$8.3m119.5K−2.6% Reduced
ITRIItron, Inc.0.14%$8.3m96.1K+1.9% Added
BKRBaker Hughes0.14%$8.2m147.6K−15.8% Reduced
QCOMQualcomm0.12%$7.0m38.0K−35.1% Reduced
AMRCAmeresco, Inc.0.09%$5.3m193.4K+3.5% Added
CSIQCanadian Solar Inc.0.08%$5.0m311.2K−2.6% Reduced
ENPHEnphase Energy, Inc.0.06%$3.2m65.4K−2.6% Reduced
HOSHornbeck Offshore Services, Inc.0.04%$2.2m256.3K−13.9% Reduced
AMGAffiliated Managers Group, Inc.0.02%$1.1m3.2K−19.3% Reduced
STTState Street Corporation0.02%$1.1m6.3K−30.6% Reduced
TERTeradyne0.01%$835,1081.7K+14.7% Added
IVZInvesco0.01%$830,54631.5K−15.0% Reduced
AMPAmeriprise Financial0.01%$781,7271.7K−14.9% Reduced
RJFRaymond James Financial0.01%$759,8465.0K−15.0% Reduced
ENTGEntegris Inc0.01%$747,4984.2K+14.7% Added
BENFranklin Resources0.01%$716,13721.5K−15.0% Reduced
JAZZJazz Pharmaceuticals plc0.01%$657,8482.7K+9.9% Added
VRTVertiv0.01%$639,5061.9K+13.9% Added
KEYSKeysight Technologies0.01%$637,4771.8K+14.6% Added
BXBlackstone Inc.0.01%$601,8825.1K−15.0% Reduced
ARESAres Management0.01%$593,7285.3K−15.0% Reduced
IEXIDEX Corporation0.01%$583,7152.6K+15.4% Added
MPWRMonolithic Power Systems, Inc.0.01%$573,679415+5.1% Added
KKRKKR & Co.0.01%$557,6556.1K−15.0% Reduced
CGCarlyle Group Inc.0.01%$553,45213.1K−15.0% Reduced
RVTYRevvity0.01%$551,9615.0K+27.2% Added
WMSAdvanced Drainage Systems, Inc.0.01%$539,9423.4K+27.2% Added
EWEdwards Lifesciences0.01%$532,4485.9K+27.2% Added
ADUSAddus Homecare Corp0.01%$517,9235.2K+56.6% Added
MSCIMSCI0.01%$509,636910+38.7% Added
ZBRAZebra Technologies0.01%$500,9841.9K+57.8% Added
FTVFortive0.01%$500,3888.2K+15.0% Added
TROWT. Rowe Price0.01%$500,0094.4K−15.0% Reduced
CDNSCadence Design Systems Inc0.01%$498,4251.3K+20.5% Added
AAgilent Technologies0.01%$485,2283.7K+30.0% Added
APAMArtisan Partners Asset Management Inc.0.01%$457,52313.3K−15.0% Reduced
WELLWelltower0.01%$348,3991.5K+60.4% Added
EQIXEquinix0.01%$337,734324+54.3% Added
LNTAlliant Energy0.01%$333,6164.4K+61.4% Added
VTRVentas0.01%$329,2703.7K+61.4% Added
AEPAmerican Electric Power0.01%$328,7542.4K+61.1% Added
UNPUnion Pacific Corporation0.01%$326,4001.2K+60.0% Added
WECWEC Energy Group0.01%$322,9862.8K+61.3% Added
DLRDigital Realty0.01%$314,8041.8K+60.5% Added
PEGPublic Service Enterprise Group0.01%$310,1123.8KNew
DUKDuke Energy0.01%$309,1082.4K+61.1% Added
PLDPrologis0.01%$306,7042.3K+61.0% Added
WTRGEssential Utilities, Inc.0.01%$300,7727.9K+61.8% Added
AMTAmerican Tower0.01%$286,7381.8K+60.5% Added
SBACSBA Communications0.01%$271,9251.5K+60.2% Added
BIDUBaidu, Inc.0.00%$216,0081.9K0.0%
JDJd.com, Inc.0.00%$138,6885.4K0.0%
BABAAlibaba Group Holding Ltd0.00%$78,7048200.0%
DEDeere & Company0.00%$22,836360.0%
CLHClean Harbors Inc0.00%$20,913700.0%
LINLinde plc0.00%$20,758400.0%
FSSFederal Signal Corp0.00%$19,1451490.0%
ECLEcolab0.00%$17,831640.0%
WMWaste Management0.00%$17,385780.0%
RSGRepublic Services0.00%$16,833790.0%
SNPSSynopsys Inc0.00%$15,612350.0%
CTASCintas0.00%$15,137890.0%
XYLXylem Inc.0.00%$14,4221220.0%
TTEKTetra Tech Inc0.00%$14,1274890.0%
BMIBadger Meter Inc0.00%$13,799930.0%
DSGXDescartes Systems Group Inc0.00%$13,0081880.0%
CPRTCopart0.00%$12,2344340.0%
ADSKAutodesk, Inc.0.00%$10,888560.0%
PTCPTC Inc.0.00%$10,679940.0%
TRMBTrimble Inc.0.00%$10,6452080.0%
CompanyBought (value)Shares
KLACKLA Corporation$64.1m217.5K
AMDAdvanced Micro Devices$57.0m98.2K
NDAQNasdaq, Inc.$43.0m545.2K
NTESNetease, Inc.$924,1467.2K
PEGPublic Service Enterprise Group$310,1123.8K
OCOwens Corning$222,8621.4K
ADUSAddus Homecare Corp$187,2761.9K
ZBRAZebra Technologies$183,492697
AMRCAmeresco, Inc.$178,4896.5K
ITRIItron, Inc.$155,2351.8K
APTVAptiv$152,5912.5K
CSLCarlisle Companies Inc$147,639407
MSCIMSCI$142,250254
WELLWelltower$131,189578
LNTAlliant Energy$126,8701.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ADBEAdobe Inc.−$34.4m−141.6K
INTUIntuit−$30.7m−71.1K
AMATApplied Materials−$25.1m−34.6K
LRCXLam Research−$22.8m−53.9K
AVGOBroadcom−$18.9m−50.4K
TXNTexas Instruments−$17.7m−59.7K
CSCOCisco−$17.1m−146.3K
MSFTMicrosoft Corporation−$14.7m−39.6K
ABBVAbbVie−$14.7m−58.7K
JNJJohnson & Johnson−$14.4m−57.0K
AFLAflac−$13.5m−115.2K
EMREmerson Electric−$13.3m−93.3K
ETNEaton Corporation−$13.2m−31.1K
KOThe Coca-Cola Company−$12.8m−157.7K
MDLZMondelez International−$11.8m−204.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
ADBEAdobe Inc.$34.4m141.6K
INTUIntuit$30.7m71.1K
ATHMAutohome Inc.$56,8173.3K
  • Technology30.5%
  • Industrials19.2%
  • Financials16.2%
  • Health Care13.7%
  • Consumer Staples13.3%
  • Energy3.3%
  • Communication Services2.3%
  • Consumer Discretionary1.0%
  • Utilities0.5%
  • Real Estate0.0%
  • Materials0.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 2, 2013 to November 2, 2026+12.0%+13.8%0.650.76−34.6%0.96
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.1%+13.9%0.630.66−34.6%0.92
Last three yearsNovember 3, 2023 to November 2, 2026+18.9%+21.8%1.131.16−10.9%0.73
Last yearNovember 7, 2025 to November 2, 2026+19.4%+14.2%1.470.84−8.0%0.60

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.