Mirova

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Mirova reported 129 stock positions worth $579.5 million. Its top holding was Thermo Fisher Scientific (TMO) at 14.5% of the portfolio, followed by Accenture Class A (ACN, 7.5%) and Ecolab (ECL, 6.7%). Compared with Q3 2024, it opened 13 new positions, sold out of 4, added to 45 and reduced 58. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Procter & Gamble (PG, shares −37%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001767843
Portfolio Value
$579.5M (Q4 2024)
SEC Filing
0001104659-25-012934 ↗ filed Feb 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $564.5M Q1 2024 Q2 2024: $547.3M Q2 2024 Q3 2024: $578.7M Q3 2024 Q4 2024: $579.5M $579.5M Q4 2024 Q1 2025: $555.9M Q1 2025 Q2 2025: $708.8M Q2 2025 Q3 2025: $707.4M Q3 2025 Q4 2025: $693.5M Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $2.7B Q2 2026

Holdings 129 stocks · $579.5M
TMO Thermo Fisher Scientific Inc. 14.53% 161,861 $84.2M Add +1.5%
ACN Accenture PLC Class A 7.54% 124,138 $43.7M Reduce -6.3%
ECL Ecolab Inc. 6.65% 164,556 $38.6M Add +6.4%
NVDA Nvidia Corp. 5.36% 231,186 $31.0M Add +2.1%
MSFT Microsoft Corp. 4.77% 65,578 $27.6M Add +9.2%
LLY Eli Lilly & Co. 3.42% 25,695 $19.8M Add +10.7%
V Visa Inc. Class A 2.40% 43,993 $13.9M Reduce -4.9%
WM Waste Management Inc. 2.21% 63,437 $12.8M Reduce -0.8%
AXP American Express Co. 2.20% 42,900 $12.7M Add +2.3%
TRMB Trimble Inc. 1.80% 147,289 $10.4M Reduce -1.8%
XYL Xylem Inc. 1.68% 83,983 $9.7M Add +27.1%
AWK American Water Works Co. Inc. 1.66% 77,140 $9.6M Add +39.8%
SYK Stryker Corp. 1.60% 25,779 $9.3M Reduce -2.6%
CL Colgate-Palmolive Co. 1.46% 93,347 $8.5M Add +7.7%
BSY Bentley Systems Inc. Class B 1.36% 168,456 $7.9M Add +15.7%
PG The Procter & Gamble Co. 1.24% 42,706 $7.2M Reduce -36.6%
ISRG Intuitive Surgical Inc. 1.23% 13,703 $7.2M Add +3.7%
TT Trane Technologies PLC 1.22% 19,118 $7.1M Reduce -12.8%
GM General Motors Co. 1.18% 128,676 $6.9M Add +2.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 1.13% 77,298 $6.5M Add +3.7%
UNP Union Pacific Corp. 1.06% 26,845 $6.1M Add +3.3%
NOW ServiceNow Inc. 1.05% 5,748 $6.1M Add +2.7%
LULU Lululemon Athletica Inc. 1.03% 15,651 $6.0M Add +61.0%
CRM Salesforce Inc. 1.03% 17,842 $6.0M Add +18.3%
EBAY eBay Inc. 1.00% 93,212 $5.8M Add +37.1%
BFAM Bright Horizons Family Solut 0.99% 51,770 $5.7M Add +67.0%
WDAY Workday Inc. Class A 0.95% 21,242 $5.5M Add +3.5%
BMI Badger Meter Inc. 0.93% 25,353 $5.4M Add +39.2%
IEX Idex Corp. 0.93% 25,651 $5.4M Add +32.0%
LIN Linde PLC 0.92% 12,710 $5.3M Add +32.1%
RUN Sunrun Inc. 0.91% 570,462 $5.3M Add +24.7%
MA Mastercard Inc. Class A 0.89% 9,828 $5.2M Reduce -19.1%
ZTS Zoetis Inc. 0.89% 31,570 $5.1M Add +76.1%
EXPO Exponent Inc. 0.87% 56,377 $5.0M Reduce -5.5%
TTEK Tetra Tech Inc. 0.84% 121,710 $4.8M Add +9.4%
GDDY GoDaddy Inc. Class A 0.82% 24,038 $4.7M Add +3.2%
FSLR First Solar Inc. 0.77% 25,283 $4.5M Reduce -3.8%
CMG Chipotle Mexican Grill Inc. 0.72% 69,179 $4.2M Add +28.4%
GPK Graphic Packaging Holding Co. 0.72% 152,851 $4.2M Add +41.2%
PANW Palo Alto Networks Inc. 0.66% 21,034 $3.8M Add +3.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.65% 50,417 $3.8M Add +3.8%
CDNS Cadence Design SYS Inc. 0.65% 12,564 $3.8M Add +90.0%
NEE Nextera Energy Inc. 0.61% 49,518 $3.5M Reduce -0.5%
FLEX Flex Ltd. 0.61% 91,460 $3.5M Reduce -9.2%
PWR Quanta Services Inc. 0.60% 11,017 $3.5M Reduce -22.4%
ROP Roper Technologies Inc. 0.60% 6,664 $3.5M Add +141.6%
SFM Sprouts Farmers Market Inc. 0.56% 25,731 $3.3M Add +14.7%
ORCL Oracle Corp. 0.53% 18,348 $3.1M Reduce -12.2%
CYBR Cyberark Software Ltd./Israel 0.50% 8,739 $2.9M Add +3.3%
WY Weyerhaeuser Co. 0.47% 96,484 $2.7M Add +48.9%
AVY Avery Dennison Corp. 0.46% 14,162 $2.7M Add +606.0%
PNR Pentair PLC 0.43% 24,486 $2.5M Add +248.9%
ENS Enersys 0.41% 25,626 $2.4M New
EMR Emerson Electric Co. 0.41% 18,981 $2.4M Add +81.5%
MTD Mettler-Toledo International 0.40% 1,894 $2.3M Add +373.5%
BSX Boston Scientific Corp. 0.39% 25,102 $2.2M Reduce -9.6%
VLTO Veralto Corp. 0.39% 21,945 $2.2M Add +458.3%
VZ Verizon Communications Inc. 0.38% 55,711 $2.2M Reduce -23.5%
BEPC Brookfield Renewable Corp. 0.38% 80,243 $2.2M Reduce -21.3%
MPWR Monolithic Power Systems Inc. 0.35% 3,397 $2.0M Add +2091.6%
ITRI Itron Inc. 0.34% 18,358 $2.0M Reduce -31.5%
PFE Pfizer Inc. 0.33% 72,215 $1.9M Reduce -10.5%
ENPH Enphase Energy Inc. 0.33% 27,474 $1.9M Add +13.8%
ON On Semiconductor 0.32% 29,208 $1.8M Reduce -12.8%
CNM Core & Main Inc. Class A 0.31% 34,961 $1.8M No change
TREX Trex Company Inc. 0.29% 24,687 $1.7M Add +280.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.27% 13,139 $1.6M New
ROK Rockwell Automation Inc. 0.25% 5,040 $1.4M Reduce -40.2%
TPC Tutor Perini Corp. 0.23% 56,170 $1.4M New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.23% 17,162 $1.3M New
APTV Aptiv PLC 0.22% 21,013 $1.3M Reduce -12.8%
CSCO Cisco Systems Inc. 0.20% 19,554 $1.2M Reduce -2.1%
MP MP Materials Corp. 0.20% 72,897 $1.1M Reduce -12.8%
WTS Watts Water Technologies-A 0.19% 5,521 $1.1M Add +2.5%
NEO Neogenomics Inc. 0.18% 64,935 $1.1M New
ANSS Ansys Inc. 0.17% 2,907 $981K Reduce -12.7%
ALV Autoliv Inc. 0.16% 10,020 $940K Reduce -68.3%
AGCO Agco Corp. 0.16% 9,956 $931K No change
NOVT Novanta Inc. 0.16% 5,997 $916K No change
GEF Greif Inc. Class A 0.16% 14,857 $908K No change
DHR Danaher Corp. 0.16% 3,931 $902K Reduce -0.5%
MWA Mueller Water Products Inc. Class A 0.15% 39,335 $885K No change
ARRY Array Technologies Inc. 0.15% 143,622 $867K Reduce -5.3%
BCC Boise Cascade Co. 0.15% 7,083 $842K No change
OMC Omnicom Group 0.12% 7,954 $684K Reduce -4.0%
SG Sweetgreen Inc. Class A 0.11% 20,500 $657K No change
ADBE Adobe Inc. 0.11% 1,461 $650K Reduce -1.6%
OC Owens Corning 0.11% 3,803 $648K New
KAI Kadant Inc. 0.11% 1,864 $643K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.11% 11,554 $633K New
ADSK Autodesk Inc. 0.10% 2,046 $605K Reduce -0.6%
DCI Donaldson Co. Inc. 0.10% 8,576 $578K No change
HPE Hewlett Packard Enterprise 0.10% 26,459 $565K New
HASI Ha Sustainable Infrastructur 0.09% 19,129 $513K No change
BDX Becton Dickinson and Co. 0.08% 2,149 $488K Reduce -0.5%
GIS General Mills Inc. 0.08% 7,287 $465K Reduce -1.8%
DXCM Dexcom Inc. 0.08% 5,596 $435K Reduce -0.6%
VITL Vital Farms Inc. 0.07% 10,900 $411K New
OTIS Otis Worldwide Corp. 0.07% 4,324 $400K Reduce -4.0%
ST Sensata Technologies Holdplc 0.06% 13,326 $365K No change
VRT Vertiv Holdings Co. Class A 0.06% 2,928 $333K New
MRK Merck & Co. Inc. 0.06% 3,255 $324K Reduce -53.4%
CCK Crown Holdings Inc. 0.05% 3,580 $296K Reduce -23.9%
VOYA Voya Financial Inc. 0.05% 4,243 $292K New
NFLX Netflix Inc. 0.05% 314 $280K New
FLNC Fluence Energy Inc. 0.05% 17,406 $276K New
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.05% 7,094 $273K Reduce -8.1%
LKQ LKQ Corp. 0.04% 6,949 $255K Reduce -3.0%
A Agilent Technologies Inc. 0.04% 1,865 $251K No change
AMT American Tower Corp. 0.04% 1,365 $250K Reduce -4.1%
CSX CSX Corp. 0.04% 6,578 $212K Reduce -4.0%
CP Canadian Pacific Kansas City 0.03% 2,687 $194K Reduce -4.0%
CNI Canadian Natl Railway Co. 0.03% 1,802 $183K Reduce -4.0%
SW Smurfit Westrock PLC 0.03% 3,143 $169K Reduce -4.0%
NSC Norfolk Southern Corp. 0.03% 701 $165K Reduce -4.1%
STLD Steel Dynamics Inc. 0.02% 1,024 $117K Reduce -4.0%
AMGN Amgen Inc. 0.02% 371 $97K Reduce -4.1%
SHOP Shopify Inc. Class A 0.02% 896 $95K Reduce -4.1%
RMD Resmed Inc. 0.02% 416 $95K Reduce -4.2%
DOV Dover Corp. 0.01% 460 $86K Reduce -4.2%
NUE Nucor Corp. 0.01% 733 $86K Reduce -4.1%
EW Edwards Lifesciences Corp. 0.01% 1,143 $85K Reduce -82.3%
BALL Ball Corp. 0.01% 1,256 $69K Reduce -4.0%
WAT Waters Corp. 0.01% 177 $66K Reduce -3.8%
DAR Darling Ingredients Inc. 0.01% 1,808 $61K Reduce -89.2%
PTC PTC Inc. 0.01% 328 $60K Reduce -4.1%
HAIN Hain Celestial Group Inc. 0.01% 9,366 $58K No change
WST West Pharmaceutical Services 0.01% 155 $51K Reduce -3.7%
EMN Eastman Chemical Co. 0.01% 480 $44K Reduce -73.9%

Portfolio Sells Q3 2024 → Q4 2024
PG The Procter & Gamble Co. Reduce -36.6% 1.24% −0.78
GILD Gilead Sciences Inc. Sold out 0.00% −0.58
ACN Accenture PLC Class A Reduce -6.3% 7.54% −0.56
GNTX Gentex Corp. Sold out 0.00% −0.51
FSLR First Solar Inc. Reduce -3.8% 0.77% −0.36
ALV Autoliv Inc. Reduce -68.3% 0.16% −0.35
EXPO Exponent Inc. Reduce -5.5% 0.87% −0.32
TT Trane Technologies PLC Reduce -12.8% 1.22% −0.25
OGN Organon & Co. Sold out 0.00% −0.20
BEPC Brookfield Renewable Corp. Reduce -21.3% 0.38% −0.19
VZ Verizon Communications Inc. Reduce -23.5% 0.38% −0.18
ORA Ormat Technologies Inc. Sold out 0.00% −0.18
ITRI Itron Inc. Reduce -31.5% 0.34% −0.15
MA Mastercard Inc. Class A Reduce -19.1% 0.89% −0.14
ROK Rockwell Automation Inc. Reduce -40.2% 0.25% −0.14
PWR Quanta Services Inc. Reduce -22.4% 0.60% −0.13
NEE Nextera Energy Inc. Reduce -0.5% 0.61% −0.11
ON On Semiconductor Reduce -12.8% 0.32% −0.10
DAR Darling Ingredients Inc. Reduce -89.2% 0.01% −0.10
ORCL Oracle Corp. Reduce -12.2% 0.53% −0.09
WM Waste Management Inc. Reduce -0.8% 2.21% −0.09
MRK Merck & Co. Inc. Reduce -53.4% 0.06% −0.08
APTV Aptiv PLC Reduce -12.8% 0.22% −0.08
PFE Pfizer Inc. Reduce -10.5% 0.33% −0.07
EW Edwards Lifesciences Corp. Reduce -82.3% 0.01% −0.06
MP MP Materials Corp. Reduce -12.8% 0.20% −0.06
SYK Stryker Corp. Reduce -2.6% 1.60% −0.05
DHR Danaher Corp. Reduce -0.5% 0.16% −0.03
OMC Omnicom Group Reduce -4.0% 0.12% −0.03
EMN Eastman Chemical Co. Reduce -73.9% 0.01% −0.03
CCK Crown Holdings Inc. Reduce -23.9% 0.05% −0.03
ARRY Array Technologies Inc. Reduce -5.3% 0.15% −0.02
ADBE Adobe Inc. Reduce -1.6% 0.11% −0.02
BSX Boston Scientific Corp. Reduce -9.6% 0.39% −0.02
GIS General Mills Inc. Reduce -1.8% 0.08% −0.01
ANSS Ansys Inc. Reduce -12.7% 0.17% −0.01
AMT American Tower Corp. Reduce -4.1% 0.04% −0.01
OTIS Otis Worldwide Corp. Reduce -4.0% 0.07% −0.01
CP Canadian Pacific Kansas City Reduce -4.0% 0.03% −0.01
YETI Yeti Holdings Inc. Reduce -8.1% 0.05% −0.01
CNI Canadian Natl Railway Co. Reduce -4.0% 0.03% −0.01
BDX Becton Dickinson and Co. Reduce -0.5% 0.08% −0.01
LKQ LKQ Corp. Reduce -3.0% 0.04% −0.01
NUE Nucor Corp. Reduce -4.1% 0.01% −0.01
AMGN Amgen Inc. Reduce -4.1% 0.02% −0.00
CSX CSX Corp. Reduce -4.0% 0.04% −0.00
BALL Ball Corp. Reduce -4.0% 0.01% −0.00
STLD Steel Dynamics Inc. Reduce -4.0% 0.02% −0.00
NSC Norfolk Southern Corp. Reduce -4.1% 0.03% −0.00
RMD Resmed Inc. Reduce -4.2% 0.02% −0.00

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. Add +2.1% 5.36% +0.61
LULU Lululemon Athletica Inc. Add +61.0% 1.03% +0.58
ENS Enersys New 0.41% +0.41
AVY Avery Dennison Corp. Add +606.0% 0.46% +0.38
CDNS Cadence Design SYS Inc. Add +90.0% 0.65% +0.34
ROP Roper Technologies Inc. Add +141.6% 0.60% +0.33
MPWR Monolithic Power Systems Inc. Add +2091.6% 0.35% +0.32
CRM Salesforce Inc. Add +18.3% 1.03% +0.32
VLTO Veralto Corp. Add +458.3% 0.39% +0.31
PNR Pentair PLC Add +248.9% 0.43% +0.31
MSFT Microsoft Corp. Add +9.2% 4.77% +0.30
MTD Mettler-Toledo International Add +373.5% 0.40% +0.30
ZTS Zoetis Inc. Add +76.1% 0.89% +0.28
TJX TJX Companies Inc. New 0.27% +0.27
AWK American Water Works Co. Inc. Add +39.8% 1.66% +0.26
BMI Badger Meter Inc. Add +39.2% 0.93% +0.24
BFAM Bright Horizons Family Solut Add +67.0% 0.99% +0.24
TPC Tutor Perini Corp. New 0.23% +0.23
EBAY eBay Inc. Add +37.1% 1.00% +0.23
AXP American Express Co. Add +2.3% 2.20% +0.23
BNY Bank of New York Mellon Corp. New 0.23% +0.23
TREX Trex Company Inc. Add +280.4% 0.29% +0.22
GM General Motors Co. Add +2.3% 1.18% +0.21
EMR Emerson Electric Co. Add +81.5% 0.41% +0.21
IEX Idex Corp. Add +32.0% 0.93% +0.21
GDDY GoDaddy Inc. Class A Add +3.2% 0.82% +0.19
NOW ServiceNow Inc. Add +2.7% 1.05% +0.19
NEO Neogenomics Inc. New 0.18% +0.18
CMG Chipotle Mexican Grill Inc. Add +28.4% 0.72% +0.18
GPK Graphic Packaging Holding Co. Add +41.2% 0.72% +0.16
XYL Xylem Inc. Add +27.1% 1.68% +0.14
SFM Sprouts Farmers Market Inc. Add +14.7% 0.56% +0.14
LIN Linde PLC Add +32.1% 0.92% +0.13
ISRG Intuitive Surgical Inc. Add +3.7% 1.23% +0.11
OC Owens Corning New 0.11% +0.11
ONON On Holding AG Class A New 0.11% +0.11
HPE Hewlett Packard Enterprise New 0.10% +0.10
WY Weyerhaeuser Co. Add +48.9% 0.47% +0.09
WDAY Workday Inc. Class A Add +3.5% 0.95% +0.08
BSY Bentley Systems Inc. Class B Add +15.7% 1.36% +0.08
CYBR Cyberark Software Ltd./Israel Add +3.3% 0.50% +0.08
VITL Vital Farms Inc. New 0.07% +0.07
PANW Palo Alto Networks Inc. Add +3.6% 0.66% +0.06
VRT Vertiv Holdings Co. Class A New 0.06% +0.06
VOYA Voya Financial Inc. New 0.05% +0.05
NFLX Netflix Inc. New 0.05% +0.05
FLNC Fluence Energy Inc. New 0.05% +0.05
WTS Watts Water Technologies-A Add +2.5% 0.19% +0.00
UNP Union Pacific Corp. Add +3.3% 1.06% −0.05
TTEK Tetra Tech Inc. Add +9.4% 0.84% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$2.7BNVDA, CDNS, MSFT, AVGO, GOOGL
Q1 2026 179$2.5BNVDA, MSFT, CDNS, NOW, SNPS
Q4 2025 92$693.5MNVDA, MSFT, ECL, ACN, FSLR
Q3 2025 111$707.4MNVDA, MSFT, ECL, ACN, FSLR
Q2 2025 119$708.8MTMO, ECL, NVDA, MSFT, ACN
Q1 2025 134$555.9MTMO, ECL, ACN, NVDA, MSFT
Q4 2024 129$579.5MTMO, ACN, ECL, NVDA, MSFT
Q3 2024 120$578.7MTMO, ACN, ECL, NVDA, MSFT
Q2 2024 123$547.3MTMO, ACN, ECL, NVDA, MSFT
Q1 2024 135$564.5MTMO, ACN, ECL, NVDA, MSFT