Guinness Asset Management LTD

Fundamental diversified ★Signal CIK 1409661
League rank
#635
in Fundamental diversified · #4791 overall
Long book
$5.80B
Q1 2026
Positions
143
Top-10 weight
41%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
5%
of book per quarter

Strategy in plain words

auto-generated from filings

Guinness Asset Management LTD is a diversified fundamental manager, running a $5.80B US long book across 143 positions.

The portfolio is moderately concentrated (top 10 ≈ 41% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: JOHNSON & JOHNSON, BROADCOM INC, ABBVIE INC, AFLAC INC, CME GROUP INC.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+8.1%
Q3 2024
-1.0%
Q4 2024
+1.6%
Q1 2025
+7.3%
Q2 2025
+4.5%
Q3 2025
-0.4%
Q4 2025
-0.6%
Q1 2026
+10.4%

Sector allocation

Technology
27%
Financials
16%
Industrials
16%
Healthcare
13%
Consumer staples
11%
Services media
6%
Other
5%
Energy
4%

Long book by quarter

$4.81B
Q1 2024
$4.85B
Q2 2024
$5.28B
Q3 2024
$5.32B
Q4 2024
$5.26B
Q1 2025
$5.59B
Q2 2025
$6.28B
Q3 2025
$6.16B
Q4 2025
$5.80B
Q1 2026

What does Guinness Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
JNJ JOHNSON & JOHNSONHealthcare1.1M$266.4M4.6%-18.4%
AVGO BROADCOM INCTechnology827.0K$255.2M4.4%-4.7%
ABBV ABBVIE INCHealthcare1.1M$238.7M4.1%-6.2%
AFL AFLAC INCFinancials2.2M$236.3M4.1%-6.2%
CME CME GROUP INCFinancials801.2K$236.0M4.1%-19.2%
MDT MEDTRONIC PLCHealthcare2.7M$234.8M4.0%-4.9%
MSFT MICROSOFT CORPTechnology614.5K$226.8M3.9%+14.8%
EMR EMERSON ELECTRIC COIndustrials1.7M$226.7M3.9%-6.1%
TXN TEXAS INSTRUMENTS INCTechnology1.2M$224.2M3.9%-6.1%
PEP PEPSICO INCConsumer staples1.4M$223.3M3.9%-6.1%
CSCO CISCO SYSTEMS INCTechnology2.9M$222.2M3.8%-6.1%
KO COCA-COLA CO/THEConsumer staples2.9M$220.5M3.8%-6.1%
ETN EATON CORP PLCIndustrials599.9K$213.9M3.7%-5.7%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples3.5M$199.8M3.4%-6.2%
ITW ILLINOIS TOOL WORKSIndustrials763.1K$198.0M3.4%-6.1%
PG PROCTER & GAMBLE CO/THEOther1.4M$197.3M3.4%-6.1%
AJG ARTHUR J GALLAGHER & COFinancials901.9K$194.8M3.4%+12.0%
BLK BLACKROCK INCFinancials198.0K$189.8M3.3%-6.1%
PAYX PAYCHEX INCServices media2.0M$180.9M3.1%+14.0%
OTIS OTIS WORLDWIDE CORPIndustrials2.3M$180.8M3.1%+10.7%
NFLX NETFLIX INCServices media567.2K$54.5M0.9%+33.4%
APH AMPHENOL CORP-CL ATechnology427.4K$54.0M0.9%-9.3%
ROP ROPER TECHNOLOGIES INCTechnology137.7K$48.7M0.8%+25.8%
ICE INTERCONTINENTAL EXCHANGE INFinancials311.2K$48.3M0.8%-7.3%
KLAC KLA CORPOther33.3K$48.3M0.8%-26.1%
AMZN AMAZON.COM INCConsumer discretionary227.2K$47.3M0.8%+8.8%
MA MASTERCARD INC - AServices media92.4K$46.2M0.8%+3.6%
AAPL APPLE INCTechnology184.6K$46.2M0.8%+3.8%
CRM SALESFORCE INCTechnology244.9K$45.7M0.8%+20.2%
TMO THERMO FISHER SCIENTIFIC INCOther93.0K$45.7M0.8%+9.5%
V VISA INC-CLASS A SHARESServices media150.4K$45.4M0.8%+8.2%
NVDA NVIDIA CORPTechnology257.5K$44.7M0.8%-2.2%
GOOGL ALPHABET INC-CL ATechnology154.7K$44.5M0.8%-8.6%
LRCX LAM RESEARCH CORPIndustrials209.7K$44.1M0.8%-39.8%
AME AMETEK INCTechnology204.7K$43.9M0.8%-18.0%
DHR DANAHER CORPTechnology228.6K$43.3M0.7%+2.3%
AMAT APPLIED MATERIALS INCTechnology125.4K$42.9M0.7%-41.5%
META META PLATFORMS INC-CLASS ATechnology72.3K$41.4M0.7%-9.9%
ADBE ADOBE INCTechnology141.6K$34.4M0.6%-4.1%
INTU INTUIT INCTechnology71.1K$30.7M0.5%-4.1%
XOM EXXON MOBIL CORPEnergy139.7K$23.7M0.4%+38.5%
VLO VALERO ENERGY CORPEnergy89.1K$22.0M0.4%+38.5%
CVX CHEVRON CORPEnergy100.6K$20.8M0.4%+38.5%
COP CONOCOPHILLIPSEnergy145.9K$19.3M0.3%+38.5%
CNQ CANADIAN NATURAL RESOURCESEnergy354.8K$17.3M0.3%+38.5%
SU SUNCOR ENERGY INCEnergy256.7K$17.0M0.3%+38.5%
NEE NEXTERA ENERGY INCUtilities174.9K$16.2M0.3%+0.9%
IMO IMPERIAL OIL LTDEnergy122.8K$16.1M0.3%+38.5%
HUBB HUBBELL INCTechnology32.3K$15.9M0.3%+0.9%
CVE CENOVUS ENERGY INCEnergy566.7K$15.0M0.3%+38.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 21, 2026143$5.80B canonicalSEC ↗
Q4 202513F-HRFeb 9, 2026146$6.16B canonicalSEC ↗
Q3 202513F-HRNov 5, 2025127$6.28B canonicalSEC ↗
Q2 202513F-HRAug 1, 2025103$5.59B canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSJun 17, 20252$454.6M canonicalSEC ↗
Q1 202513F-HRMay 13, 2025103$4.80B canonicalSEC ↗
Q4 202413F-HRJan 16, 2025106$5.32B canonicalSEC ↗
Q3 202413F-HROct 10, 2024106$5.28B canonicalSEC ↗
Q2 202413F-HRJul 11, 2024105$4.85B canonicalSEC ↗
Q1 202413F-HRApr 11, 2024109$4.81B canonicalSEC ↗