# EDGAR Filing Document

**Accession Number:** 0001536105
**File Stem:** 0001085146-25-004607
**Filing Date:** 2025-8
**Character Count:** 13296
**Document Hash:** 6658fd5a78331df7894b6c7511d72246
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004607.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001085146-25-004607

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250806

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Magellan Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001536105

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** C3
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14987
- **FILM NUMBER:** 251191109

**BUSINESS ADDRESS:**
- **STREET 1:** LEVEL 36
- **STREET 2:** 25 MARTIN PLACE
- **CITY:** SYDNEY
- **STATE:** C3
- **ZIP:** 2000
- **BUSINESS PHONE:** 61292354888

**MAIL ADDRESS:**
- **STREET 1:** LEVEL 36
- **STREET 2:** 25 MARTIN PLACE
- **CITY:** SYDNEY
- **STATE:** C3
- **ZIP:** 2000

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Magellan Asset Management Ltd<br>**Address:** LEVEL 36<br>25 MARTIN PLACE<br>Sydney, C3 2000

**Form 13F File Number:** 028-14987

**CRD Number (if applicable):** 000159256

**SEC File Number (if applicable):** 801-72872

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Simone Mosse<br>**Title:** Chief Compliance Officer<br>**Phone:** 61 2 9235 4954

**Signature, Place, and Date of Signing:**

/s/Simone Mosse  Sydney, C3  08-06-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 84

**Form 13F Information Table Value Total:** $8748475403

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                            | Form 13F File Number   |
|:---|:---|:---|
|  | FRONTEGRA ASSET MANAGEMENT INC. | 028-24454              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALLETE INC | COM NEW | 018522300 | BBG001S77110 | 2655573 | 41448 | SH |  | SOLE |  | 41448 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 | BBG001S8ZQ30 | 10407008 | 172102 | SH |  | SOLE |  | 172102 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 196939492 | 1117514 | SH |  | SOLE |  | 954387 | 0 | 163127 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 110609938 | 623541 | SH |  | SOLE |  | 589791 | 0 | 33750 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 691928197 | 3153873 | SH |  | SOLE |  | 2787854 | 0 | 366019 |
| AMER STATES WTR CO | COM | 029899101 | BBG001S9T5Z6 | 2037776 | 26582 | SH |  | SOLE |  | 26582 | 0 | 0 |
| AMEREN CORP | COM | 023608102 | BBG001S5NF24 | 20160525 | 209918 | SH |  | SOLE |  | 209918 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 33122060 | 319218 | SH |  | SOLE |  | 319218 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 185055847 | 837281 | SH |  | SOLE |  | 809316 | 0 | 27965 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 20731981 | 149033 | SH |  | SOLE |  | 149033 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 | BBG001S5VG05 | 17916674 | 116259 | SH |  | SOLE |  | 116259 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 | BBG001S5NZ48 | 1916323 | 50496 | SH |  | SOLE |  | 50496 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 39724328 | 81776 | SH |  | SOLE |  | 81776 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 2555018 | 45544 | SH |  | SOLE |  | 45544 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 75546 | 72 | SH |  | SOLE |  | 72 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 49191172 | 8497 | SH |  | SOLE |  | 8497 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 | BBG001S7QBD4 | 1979017 | 43514 | SH |  | SOLE |  | 43514 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 16199731 | 440929 | SH |  | SOLE |  | 440929 | 0 | 0 |
| CHESAPEAKE UTILS CORP | COM | 165303108 | BBG001SCP5R2 | 1443361 | 12006 | SH |  | SOLE |  | 12006 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 275186490 | 4900917 | SH |  | SOLE |  | 4251540 | 0 | 649377 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 133969787 | 486067 | SH |  | SOLE |  | 415223 | 0 | 70844 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 13894312 | 200553 | SH |  | SOLE |  | 200553 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 137520313 | 1943750 | SH |  | SOLE |  | 1667236 | 0 | 276514 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 27616721 | 275204 | SH |  | SOLE |  | 275204 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 136756436 | 1331222 | SH |  | SOLE |  | 1259638 | 0 | 71584 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 103693148 | 3177847 | SH |  | SOLE |  | 2950722 | 0 | 227125 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 42158638 | 368584 | SH |  | SOLE |  | 368584 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 205561488 | 3636969 | SH |  | SOLE |  | 3422564 | 0 | 214405 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 18782166 | 141795 | SH |  | SOLE |  | 141795 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 32818396 | 278122 | SH |  | SOLE |  | 278122 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 25048295 | 301351 | SH |  | SOLE |  | 301351 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 7404193 | 199359 | SH |  | SOLE |  | 199359 | 0 | 0 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 162984502 | 2364493 | SH |  | SOLE |  | 2209389 | 0 | 155104 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 442294320 | 6952127 | SH |  | SOLE |  | 6250037 | 0 | 702090 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 32961729 | 759137 | SH |  | SOLE |  | 759137 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 16655884 | 413708 | SH |  | SOLE |  | 413708 | 0 | 0 |
| H2O AMERICA | COM | 784305104 | BBG001S5W3N8 | 1077650 | 20736 | SH |  | SOLE |  | 20736 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 155385360 | 405600 | SH |  | SOLE |  | 354561 | 0 | 51039 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 4060261 | 35169 | SH |  | SOLE |  | 35169 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 266491826 | 1452509 | SH |  | SOLE |  | 1291565 | 0 | 160944 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 207147478 | 263001 | SH |  | SOLE |  | 224785 | 0 | 38216 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 369059714 | 656760 | SH |  | SOLE |  | 585363 | 0 | 71397 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 25522097 | 9765 | SH |  | SOLE |  | 9765 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 468064940 | 634157 | SH |  | SOLE |  | 565208 | 0 | 68949 |
| MGE ENERGY INC | COM | 55277P104 | BBG001SD2RD2 | 1911454 | 21613 | SH |  | SOLE |  | 21613 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 703026361 | 1413374 | SH |  | SOLE |  | 1254662 | 0 | 158712 |
| MIDDLESEX WTR CO | COM | 596680108 | BBG001S5TCZ9 | 653194 | 12056 | SH |  | SOLE |  | 12056 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 3860940 | 57250 | SH |  | SOLE |  | 57250 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 23223447 | 164869 | SH |  | SOLE |  | 164869 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 175912044 | 305011 | SH |  | SOLE |  | 261505 | 0 | 43506 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 292002653 | 218054 | SH |  | SOLE |  | 190509 | 0 | 27545 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 32396231 | 466670 | SH |  | SOLE |  | 466670 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 13854491 | 343443 | SH |  | SOLE |  | 343443 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 101944404 | 398267 | SH |  | SOLE |  | 371200 | 0 | 27067 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 | BBG00KXKRLP1 | 860812 | 21672 | SH |  | SOLE |  | 21672 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 | BBG001SM2G73 | 2454705 | 47850 | SH |  | SOLE |  | 47850 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 115829019 | 1678195 | SH |  | SOLE |  | 1462998 | 0 | 215197 |
| OGE ENERGY CORP | COM | 670837103 | BBG001S5TVY8 | 5897969 | 132897 | SH |  | SOLE |  | 132897 | 0 | 0 |
| ONE GAS INC | COM | 68235P108 | BBG004WQKD16 | 2915145 | 40567 | SH |  | SOLE |  | 40567 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 103387 | 783 | SH |  | SOLE |  | 783 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 | BBG001S5VB15 | 7325356 | 81875 | SH |  | SOLE |  | 81875 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG001S5V4Y5 | 3011414 | 74118 | SH |  | SOLE |  | 74118 | 0 | 0 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 16214128 | 478434 | SH |  | SOLE |  | 478434 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 272499813 | 1710393 | SH |  | SOLE |  | 1466960 | 0 | 243433 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 29815462 | 354187 | SH |  | SOLE |  | 354187 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 3233870 | 6133 | SH |  | SOLE |  | 6133 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 21457158 | 78687 | SH |  | SOLE |  | 78687 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 | BBG001SCWNN9 | 19121142 | 81422 | SH |  | SOLE |  | 81422 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 171088357 | 2257996 | SH |  | SOLE |  | 2130611 | 0 | 127385 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 32545195 | 354407 | SH |  | SOLE |  | 354407 | 0 | 0 |
| SPIRE INC | COM | 84857L101 | BBG001S5SSD9 | 2968722 | 40673 | SH |  | SOLE |  | 40673 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 209978249 | 530744 | SH |  | SOLE |  | 453615 | 0 | 77129 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 436151793 | 1925700 | SH |  | SOLE |  | 1715708 | 0 | 209992 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 5047572 | 12449 | SH |  | SOLE |  | 12449 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 | BBG001S5V9J1 | 3231416 | 57376 | SH |  | SOLE |  | 57376 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 29803877 | 63708 | SH |  | SOLE |  | 63708 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 256709818 | 822867 | SH |  | SOLE |  | 728959 | 0 | 93908 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 43274295 | 956338 | SH |  | SOLE |  | 956338 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 311262749 | 876673 | SH |  | SOLE |  | 763668 | 0 | 113005 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 137248801 | 1317167 | SH |  | SOLE |  | 1250606 | 0 | 66561 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 136407705 | 2003050 | SH |  | SOLE |  | 1893929 | 0 | 109121 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 341841184 | 2306932 | SH |  | SOLE |  | 2028914 | 0 | 278018 |
| YUM CHINA HLDGS INC | COM | 98850P109 | BBG00B8N0HH0 | 18482130 | 413378 | SH |  | SOLE |  | 413378 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 46143230 | 505901 | SH |  | SOLE |  | 505901 | 0 | 0 |

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