# EDGAR Filing Document

**Accession Number:** 0001409661
**File Stem:** 0001409661-25-000004
**Filing Date:** 2025-11
**Character Count:** 15997
**Document Hash:** e627cda13dc4873c3d0c7757eefa659b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001409661-25-000004.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001409661-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**EFFECTIVENESS DATE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guinness Asset Management LTD
- **CENTRAL INDEX KEY:** 0001409661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12636
- **FILM NUMBER:** 251452619

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 18 SMITH SQUARE
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** SW1P 3HZ
- **BUSINESS PHONE:** 44 2070426571

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 18 SMITH SQUARE
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** SW1P 3HZ

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Guinness Asset Management LTD<br>**Address:** 18 SMITH SQUARE<br>LONDON, X0 SW1P 3HZ

**Form 13F File Number:** 028-12636

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:** Bernadett Horvath<br>**Title:** Finance officer<br>**Phone:** 442070426571

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

/s/Bernadett Horvath  London, X0  11-05-2025<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:** 0

**Form 13F Information Table Entry Total:** 127

**Form 13F Information Table Value Total:** $6276803145

      (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.]

**NONE**

### 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 |
| ABBVIE INC | COM | 00287Y109 |  | 270088986 | 1210293 | SH |  | SOLE |  | 1210293 | 0 | 0 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 417919 | 3548 | SH |  | SOLE |  | 3548 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 36148307 | 100574 | SH |  | SOLE |  | 100574 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 401580 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 819321 | 3432 | SH |  | SOLE |  | 3432 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 264229430 | 2372963 | SH |  | SOLE |  | 2372963 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 409984 | 3313 | SH |  | SOLE |  | 3313 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 122332 | 680 | SH |  | SOLE |  | 680 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 79401 | 1189 | SH |  | SOLE |  | 1189 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 56324300 | 230790 | SH |  | SOLE |  | 230790 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 46429753 | 208983 | SH |  | SOLE |  | 208983 | 0 | 0 |
| AMERESCO INC | CL A | 02361E108 |  | 6777207 | 198396 | SH |  | SOLE |  | 198396 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 71594 | 368 | SH |  | SOLE |  | 368 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 789352 | 1580 | SH |  | SOLE |  | 1580 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 46691712 | 249862 | SH |  | SOLE |  | 249862 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 67947720 | 561505 | SH |  | SOLE |  | 561505 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 45237654 | 177800 | SH |  | SOLE |  | 177800 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 43950093 | 214443 | SH |  | SOLE |  | 214443 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 11870654 | 138401 | SH |  | SOLE |  | 138401 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 809256 | 4952 | SH |  | SOLE |  | 4952 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 536728 | 12299 | SH |  | SOLE |  | 12299 | 0 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 78673 | 2711 | SH |  | SOLE |  | 2711 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 391633 | 2904 | SH |  | SOLE |  | 2904 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 7175421 | 141947 | SH |  | SOLE |  | 141947 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 255390410 | 217250 | SH |  | SOLE |  | 217250 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 836313 | 4748 | SH |  | SOLE |  | 4748 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 332799482 | 1014942 | SH |  | SOLE |  | 1014942 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 81169 | 2452 | SH |  | SOLE |  | 2452 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 381629 | 1095 | SH |  | SOLE |  | 1095 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 8030343 | 248133 | SH |  | SOLE |  | 248133 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 4647548 | 359996 | SH |  | SOLE |  | 359996 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 7399208 | 22150 | SH |  | SOLE |  | 22150 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 791723 | 12201 | SH |  | SOLE |  | 12201 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 6895775 | 399450 | SH |  | SOLE |  | 399450 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 375379 | 1824 | SH |  | SOLE |  | 1824 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 11235298 | 71975 | SH |  | SOLE |  | 71975 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 240950740 | 3558044 | SH |  | SOLE |  | 3558044 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 278368395 | 1022511 | SH |  | SOLE |  | 1022511 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 211032537 | 3195526 | SH |  | SOLE |  | 3195526 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 9796445 | 102206 | SH |  | SOLE |  | 102206 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 469677 | 1756 | SH |  | SOLE |  | 1756 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 41597434 | 223570 | SH |  | SOLE |  | 223570 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 5784148 | 162842 | SH |  | SOLE |  | 162842 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 6937211 | 48316 | SH |  | SOLE |  | 48316 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 71616 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY P | SHS NEW | G2891G204 |  | 105519 | 7512 | SH |  | SOLE |  | 7512 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 76750 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 241229299 | 657032 | SH |  | SOLE |  | 657032 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 384252 | 4978 | SH |  | SOLE |  | 4978 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 246586381 | 1907825 | SH |  | SOLE |  | 1907825 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 6787335 | 136510 | SH |  | SOLE |  | 136510 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 2547212 | 70599 | SH |  | SOLE |  | 70599 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 402352 | 4303 | SH |  | SOLE |  | 4303 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 7262221 | 64069 | SH |  | SOLE |  | 64069 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 71137 | 91 | SH |  | SOLE |  | 91 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 77145 | 1972 | SH |  | SOLE |  | 1972 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 11573570 | 101327 | SH |  | SOLE |  | 101327 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 11710290 | 52388 | SH |  | SOLE |  | 52388 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 375531 | 7678 | SH |  | SOLE |  | 7678 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 466979 | 19982 | SH |  | SOLE |  | 19982 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 254083224 | 831125 | SH |  | SOLE |  | 831125 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 5263650 | 210546 | SH |  | SOLE |  | 210546 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 76382 | 4018 | SH |  | SOLE |  | 4018 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 |  | 1407550 | 209769 | SH |  | SOLE |  | 209769 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 14953119 | 35065 | SH |  | SOLE |  | 35065 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 359089 | 2214 | SH |  | SOLE |  | 2214 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 219188563 | 838582 | SH |  | SOLE |  | 838582 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 9109327 | 98836 | SH |  | SOLE |  | 98836 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 10611852 | 42541 | SH |  | SOLE |  | 42541 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 47381580 | 282050 | SH |  | SOLE |  | 282050 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 46046832 | 66284 | SH |  | SOLE |  | 66284 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 671968 | 29216 | SH |  | SOLE |  | 29216 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 11202708 | 90228 | SH |  | SOLE |  | 90228 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 748840 | 16704 | SH |  | SOLE |  | 16704 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 425766 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 174992 | 4910 | SH |  | SOLE |  | 4910 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 251215876 | 1383195 | SH |  | SOLE |  | 1383195 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 396118 | 2286 | SH |  | SOLE |  | 2286 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 6715860 | 236724 | SH |  | SOLE |  | 236724 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 758467 | 5640 | SH |  | SOLE |  | 5640 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 54755873 | 51456 | SH |  | SOLE |  | 51456 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 55334662 | 422112 | SH |  | SOLE |  | 422112 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 50702518 | 89243 | SH |  | SOLE |  | 89243 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 275556406 | 2932387 | SH |  | SOLE |  | 2932387 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 52489987 | 70608 | SH |  | SOLE |  | 70608 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 282769612 | 549494 | SH |  | SOLE |  | 549494 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 238843388 | 3813562 | SH |  | SOLE |  | 3813562 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 408718 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 385145 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 907326 | 10228 | SH |  | SOLE |  | 10228 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 10567501 | 69817 | SH |  | SOLE |  | 69817 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 51311030 | 42532 | SH |  | SOLE |  | 42532 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 13981334 | 183458 | SH |  | SOLE |  | 183458 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 64057754 | 352256 | SH |  | SOLE |  | 352256 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 10079532 | 44578 | SH |  | SOLE |  | 44578 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 7516547 | 151056 | SH |  | SOLE |  | 151056 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 12742830 | 133349 | SH |  | SOLE |  | 133349 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 174560630 | 1912155 | SH |  | SOLE |  | 1912155 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 7118734 | 50466 | SH |  | SOLE |  | 50466 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 210256058 | 1635852 | SH |  | SOLE |  | 1635852 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 222247525 | 1585557 | SH |  | SOLE |  | 1585557 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 422569 | 4082 | SH |  | SOLE |  | 4082 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 231178412 | 1505754 | SH |  | SOLE |  | 1505754 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 77226 | 676 | SH |  | SOLE |  | 676 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 9065548 | 54843 | SH |  | SOLE |  | 54843 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 818459 | 4639 | SH |  | SOLE |  | 4639 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 338316 | 4018 | SH |  | SOLE |  | 4018 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 41685383 | 83211 | SH |  | SOLE |  | 83211 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 37130689 | 151492 | SH |  | SOLE |  | 151492 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 73341 | 374 | SH |  | SOLE |  | 374 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 5750948 | 163798 | SH |  | SOLE |  | 163798 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 8103424 | 266560 | SH |  | SOLE |  | 266560 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 938704 | 8006 | SH |  | SOLE |  | 8006 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 9502437 | 226012 | SH |  | SOLE |  | 226012 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 88724612 | 324725 | SH |  | SOLE |  | 324725 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 5897473 | 110322 | SH |  | SOLE |  | 110322 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 485200 | 3612 | SH |  | SOLE |  | 3612 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 185385334 | 1011763 | SH |  | SOLE |  | 1011763 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 39253532 | 84957 | SH |  | SOLE |  | 84957 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 13828689 | 33372 | SH |  | SOLE |  | 33372 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 78176 | 331 | SH |  | SOLE |  | 331 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 11155705 | 64806 | SH |  | SOLE |  | 64806 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 80549 | 1164 | SH |  | SOLE |  | 1164 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 410010 | 2861 | SH |  | SOLE |  | 2861 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 47269654 | 138963 | SH |  | SOLE |  | 138963 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 80411 | 704 | SH |  | SOLE |  | 704 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 356007 | 1199 | SH |  | SOLE |  | 1199 | 0 | 0 |

---