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Funds (13F)

Magellan Asset Management Ltd

Backtest from 23 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.7%
S&P 500 +14.1%
Last 12 months
+9.6%
S&P 500 +12.1%
Sharpe ratio
0.71
S&P 500 0.78
Biggest drop
−30.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $56.8k$48.3k
StrategyS&P 500 $10,000 in Magellan Asset Management Ltd from 23 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Magellan Asset Management Ltd's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Magellan Asset Management Ltd's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.7%+14.1%
Total return+383%+468%
Last 12 months+9.6%+12.1%
Last 3 months+4.0%—
Last month+9.4%—
This year so far+9.4%—
Volatility a year15.9%16.0%
Sharpe ratio0.710.78
Biggest drop−30.1%−31.8%
Beta to the S&P 5000.911.00
Alpha a year (t-statistic)−0.1% (−0.04)—
Share of weeks up56%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
ES5.8%——
AMT5.4%——
XEL5.3%——
CCI4.9%——
SRE4.8%——
CMS4.5%——
EVRG4.4%——
D4.3%——
MSFT4.0%——
TSM3.8%——
LNT3.5%——
AMZN3.5%——
WEC3.4%——
MA2.8%——
META2.4%——
SPGI1.6%——
UNP1.6%——
NFLX1.6%——
NSC1.5%——
YUM1.3%——
SO1.3%——
AEP1.3%——
DUK1.3%——
ETR1.3%——
NEE1.3%——
EXC1.3%——
TMO1.2%——
ICE1.1%——
ZBH1.1%——
DG1.1%——
ED1.1%——
PEG1.0%——
UNH1.0%——
CSX1.0%——
INTU0.9%——
AEE0.8%——
BKNG0.8%——
DTE0.8%——
ATO0.8%——
CNP0.7%——
FE0.7%——
AWK0.7%——
PPL0.7%——
NI0.6%——
V0.5%——
SBAC0.5%——
CMG0.4%——
GOOGL0.4%——
PG0.3%——
PNW0.3%——
WTRG0.3%——
OGE0.3%——
MSCI0.2%——
IDA0.2%——
MDT0.2%——
CME0.2%——
SWX0.2%——
TXNM0.1%——
BKH0.1%——
SYK0.1%——
POR0.1%——
HD0.1%——
MDLZ0.1%——
MDU0.1%——
NWE0.1%——
OGS0.1%——
SR0.1%——
KO0.1%——
AWR0.1%——
CWT0.1%——
AVA0.1%——
MGEE0.1%——
NWN0.1%——
CPK0.1%——
HTO0.0%——
MSEX0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest23 Aug 2013 to 2 Nov 2026+12.7%+14.1%0.710.78−30.1%0.91−0.1% (−0.04)
2018 onwards5 Jan 2018 to 2 Nov 2026+10.6%+13.9%0.510.66−30.1%0.89−1.7% (−0.71)
Last three years3 Nov 2023 to 2 Nov 2026+16.2%+21.8%0.981.16−11.0%0.65+0.6% (0.16)
Last year7 Nov 2025 to 2 Nov 2026+10.8%+14.2%0.610.84−8.1%0.54+1.5% (0.16)
DateCompanyAction
14 Aug 2026SWXBought
14 Aug 2026MDUBought
14 Nov 2025UNPBought
14 Nov 2025MDTBought
14 Nov 2025HDBought
8 Aug 2025YUMCBought
8 Aug 2025MSCIBought
16 May 2025SPGIBought
14 Feb 2025TMOBought
14 Feb 2025MSBought
14 Feb 2025MELIBought
14 Feb 2025BLKBought
15 Nov 2024ZTSBought
15 Nov 2024ZBHBought
15 Nov 2024YUMCBought
15 Nov 2024YUMBought
15 Nov 2024XELBought
15 Nov 2024WTRGBought
15 Nov 2024WMTBought
15 Nov 2024WMBought
15 Nov 2024WECBought
15 Nov 2024VRSNBought
15 Nov 2024VRSKBought
15 Nov 2024VBought
15 Nov 2024USBBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026PEPSold
14 Aug 2026CRMSold
14 Aug 2026BLKSold
15 May 2026USBSold
13 Feb 2026HCASold
14 Nov 2025YUMCSold
14 Nov 2025ULTASold
14 Nov 2025NVOSold
14 Nov 2025MSSold
14 Nov 2025MELISold
8 Aug 2025RSGSold
8 Aug 2025MCDSold
8 Aug 2025CLSold
8 Aug 2025ADBESold
8 Aug 2025AAPLSold
16 May 2025TTSold
14 Feb 2025ZTSSold
14 Feb 2025YUMCSold
14 Feb 2025WMTSold
14 Feb 2025WMSold
14 Feb 2025VRSNSold
14 Feb 2025VRSKSold
14 Feb 2025UNPSold
14 Feb 2025TSCOSold
14 Feb 2025SPGISold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest