Mirova
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Mirova reported 119 stock positions worth $708.8 million. Its top holding was Thermo Fisher Scientific (TMO) at 7.9% of the portfolio, followed by Ecolab (ECL, 6.2%) and Nvidia (NVDA, 5.9%). Compared with Q1 2025, it opened 7 new positions, sold out of 22, added to 61 and reduced 36. The biggest buy was Nvidia (NVDA, shares +12%) and the biggest sale Thermo Fisher Scientific (TMO, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001767843
- Portfolio Value
- $708.8M (Q2 2025)
- SEC Filing
- 0001104659-25-077548 ↗ filed Aug 13, 2025
Holdings Value
Holdings 119 stocks · $708.8M
| TMO Thermo Fisher Scientific Inc. | 7.91% | 138,272 | $56.1M | Reduce -8.7% |
| ECL Ecolab Inc. | 6.22% | 163,663 | $44.1M | Add +2.9% |
| NVDA Nvidia Corp. | 5.90% | 264,875 | $41.8M | Add +11.7% |
| MSFT Microsoft Corp. | 5.50% | 78,330 | $39.0M | Add +15.5% |
| ACN Accenture PLC Class A | 5.31% | 125,912 | $37.6M | Add +5.2% |
| LLY Eli Lilly & Co. | 3.17% | 28,850 | $22.5M | Add +8.0% |
| WM Waste Management Inc. | 2.70% | 83,688 | $19.1M | Add +28.6% |
| XYL Xylem Inc. | 2.63% | 144,268 | $18.7M | Add +67.3% |
| TRMB Trimble Inc. | 2.51% | 234,596 | $17.8M | Add +70.9% |
| V Visa Inc. Class A | 2.50% | 49,953 | $17.7M | Add +11.1% |
| AWK American Water Works Co. Inc. | 2.27% | 115,904 | $16.1M | Add +45.3% |
| AXP American Express Co. | 2.23% | 49,506 | $15.8M | Add +8.1% |
| BSY Bentley Systems Inc. Class B | 2.02% | 265,763 | $14.3M | Add +51.4% |
| CL Colgate-Palmolive Co. | 1.68% | 131,019 | $11.9M | Add +81.3% |
| BMI Badger Meter Inc. | 1.67% | 48,417 | $11.9M | Add +92.6% |
| SYK Stryker Corp. | 1.61% | 28,779 | $11.4M | Add +10.1% |
| EBAY eBay Inc. | 1.56% | 148,333 | $11.0M | Add +65.9% |
| CDNS Cadence Design SYS Inc. | 1.50% | 34,591 | $10.7M | Add +132.1% |
| SFM Sprouts Farmers Market Inc. | 1.39% | 59,975 | $9.9M | Add +135.8% |
| ZTS Zoetis Inc. | 1.39% | 63,170 | $9.9M | Add +102.3% |
| ISRG Intuitive Surgical Inc. | 1.33% | 17,327 | $9.4M | Add +21.4% |
| IEX Idex Corp. | 1.23% | 49,611 | $8.7M | Add +96.1% |
| PG The Procter & Gamble Co. | 1.21% | 54,012 | $8.6M | Add +19.8% |
| LIN Linde PLC | 1.21% | 18,269 | $8.6M | Add +33.0% |
| FSLR First Solar Inc. | 1.13% | 48,511 | $8.0M | Add +91.9% |
| PNR Pentair PLC | 1.13% | 77,996 | $8.0M | Add +227.1% |
| EMR Emerson Electric Co. | 1.11% | 59,054 | $7.9M | Add +117.3% |
| UNP Union Pacific Corp. | 1.00% | 30,803 | $7.1M | Add +8.2% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.96% | 92,305 | $6.8M | Add +12.6% |
| NOW ServiceNow Inc. | 0.92% | 6,375 | $6.6M | Add +6.4% |
| AVY Avery Dennison Corp. | 0.90% | 36,404 | $6.4M | Add +162.8% |
| CRM Salesforce Inc. | 0.90% | 23,410 | $6.4M | Add +24.1% |
| GPK Graphic Packaging Holding Co. | 0.89% | 300,686 | $6.3M | Add +99.2% |
| PANW Palo Alto Networks Inc. | 0.88% | 30,648 | $6.3M | Add +36.4% |
| WDAY Workday Inc. Class A | 0.86% | 25,377 | $6.1M | Add +13.0% |
| ROP Roper Technologies Inc. | 0.82% | 10,196 | $5.8M | Add +53.5% |
| ENS Enersys | 0.77% | 63,735 | $5.5M | Add +46.9% |
| TT Trane Technologies PLC | 0.76% | 12,304 | $5.4M | Reduce -7.4% |
| ITRI Itron Inc. | 0.74% | 39,854 | $5.2M | Add +142.8% |
| TTEK Tetra Tech Inc. | 0.73% | 144,829 | $5.2M | Add +19.8% |
| GM General Motors Co. | 0.72% | 103,974 | $5.1M | Reduce -22.4% |
| BFAM Bright Horizons Family Solut | 0.72% | 41,343 | $5.1M | Reduce -23.1% |
| GDDY GoDaddy Inc. Class A | 0.72% | 28,245 | $5.1M | Add +11.8% |
| PWR Quanta Services Inc. | 0.72% | 13,431 | $5.1M | Add +6.6% |
| MA Mastercard Inc. Class A | 0.70% | 8,842 | $5.0M | Add +1.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.65% | 57,357 | $4.6M | Add +7.2% |
| RUN Sunrun Inc. | 0.65% | 563,691 | $4.6M | Reduce -29.4% |
| LULU Lululemon Athletica Inc. | 0.62% | 18,571 | $4.4M | Add +18.4% |
| VLTO Veralto Corp. | 0.60% | 42,039 | $4.2M | Add +65.3% |
| WTS Watts Water Technologies-A | 0.59% | 17,089 | $4.2M | Add +209.5% |
| CYBR Cyberark Software Ltd./Israel | 0.57% | 9,877 | $4.0M | Add +6.9% |
| FLEX Flex Ltd. | 0.54% | 75,958 | $3.8M | Reduce -10.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 28,326 | $3.5M | Add +79.8% |
| MTD Mettler-Toledo International | 0.47% | 2,860 | $3.4M | Add +54.1% |
| NEE Nextera Energy Inc. | 0.46% | 47,014 | $3.3M | Reduce -5.5% |
| CMG Chipotle Mexican Grill Inc. | 0.46% | 57,929 | $3.3M | Reduce -15.5% |
| WY Weyerhaeuser Co. | 0.43% | 119,727 | $3.1M | Add +25.4% |
| PTC PTC Inc. | 0.38% | 15,500 | $2.7M | Add +144.9% |
| TPC Tutor Perini Corp. | 0.36% | 54,941 | $2.6M | Reduce -23.1% |
| ORCL Oracle Corp. | 0.34% | 11,130 | $2.4M | Reduce -15.4% |
| VITL Vital Farms Inc. | 0.32% | 59,752 | $2.3M | Add +262.9% |
| BEPC Brookfield Renewable Corp. | 0.32% | 68,243 | $2.2M | No change |
| EXPO Exponent Inc. | 0.31% | 29,656 | $2.2M | Reduce -47.4% |
| CNM Core & Main Inc. Class A | 0.31% | 36,026 | $2.2M | Add +11.9% |
| BSX Boston Scientific Corp. | 0.31% | 20,194 | $2.2M | Reduce -9.6% |
| HUBB Hubbell Inc. | 0.29% | 5,000 | $2.0M | New |
| MPWR Monolithic Power Systems Inc. | 0.29% | 2,767 | $2.0M | Reduce -9.8% |
| TREX Trex Company Inc. | 0.28% | 36,443 | $2.0M | Add +50.5% |
| VZ Verizon Communications Inc. | 0.28% | 45,129 | $2.0M | Reduce -20.4% |
| VRT Vertiv Holdings Co. Class A | 0.27% | 15,000 | $1.9M | Add +50.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 19,684 | $1.8M | Add +14.7% |
| ZWS Zurn Elkay Water Solutions C | 0.25% | 48,509 | $1.8M | No change |
| ABT Abbott Laboratories | 0.24% | 12,671 | $1.7M | New |
| PFE Pfizer Inc. | 0.23% | 68,408 | $1.7M | Reduce -5.3% |
| PL Planet Labs PBC | 0.23% | 268,777 | $1.6M | Add +206.5% |
| ON On Semiconductor | 0.22% | 29,208 | $1.5M | No change |
| NFLX Netflix Inc. | 0.21% | 1,110 | $1.5M | Add +111.4% |
| MDT Medtronic PLC | 0.20% | 16,401 | $1.4M | New |
| ROK Rockwell Automation Inc. | 0.18% | 3,840 | $1.3M | No change |
| MP MP Materials Corp. | 0.18% | 37,897 | $1.3M | Reduce -28.4% |
| APTV Aptiv PLC | 0.15% | 16,013 | $1.1M | No change |
| ANSS Ansys Inc. | 0.14% | 2,907 | $1.0M | No change |
| AGCO Agco Corp. | 0.14% | 9,787 | $1.0M | Reduce -1.7% |
| EMBC Embecta Corp. | 0.14% | 103,010 | $998K | Add +254.2% |
| MWA Mueller Water Products Inc. Class A | 0.13% | 39,335 | $946K | No change |
| DHR Danaher Corp. | 0.10% | 3,459 | $683K | Reduce -12.0% |
| ARRY Array Technologies Inc. | 0.10% | 114,236 | $674K | No change |
| UNFI United Natural Foods Inc. | 0.09% | 28,736 | $670K | New |
| DCI Donaldson Co. Inc. | 0.08% | 8,576 | $595K | No change |
| ADSK Autodesk Inc. | 0.08% | 1,768 | $547K | Reduce -18.7% |
| HPE Hewlett Packard Enterprise | 0.08% | 26,459 | $541K | No change |
| ENPH Enphase Energy Inc. | 0.08% | 13,560 | $538K | Reduce -50.6% |
| MKC McCormick & Co.-Non VTG SHRS | 0.08% | 7,041 | $534K | New |
| OC Owens Corning | 0.07% | 3,803 | $523K | No change |
| HASI Ha Sustainable Infrastructur | 0.07% | 19,129 | $514K | No change |
| CSCO Cisco Systems Inc. | 0.07% | 7,214 | $501K | Reduce -82.1% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.07% | 9,244 | $481K | Reduce -20.0% |
| NEO Neogenomics Inc. | 0.07% | 64,935 | $475K | No change |
| GILD Gilead Sciences Inc. | 0.06% | 4,035 | $447K | Add +39.4% |
| DXCM Dexcom Inc. | 0.06% | 4,844 | $423K | Reduce -13.4% |
Portfolio Sells Q1 2025 → Q2 2025
| TMO Thermo Fisher Scientific Inc. | Reduce -8.7% | 7.91% | −5.65 |
| EXPO Exponent Inc. | Reduce -47.4% | 0.31% | −0.51 |
| BFAM Bright Horizons Family Solut | Reduce -23.1% | 0.72% | −0.51 |
| GM General Motors Co. | Reduce -22.4% | 0.72% | −0.41 |
| CSCO Cisco Systems Inc. | Reduce -82.1% | 0.07% | −0.38 |
| ENPH Enphase Energy Inc. | Reduce -50.6% | 0.08% | −0.23 |
| RUN Sunrun Inc. | Reduce -29.4% | 0.65% | −0.19 |
| VZ Verizon Communications Inc. | Reduce -20.4% | 0.28% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -5.5% | 0.46% | −0.17 |
| CMG Chipotle Mexican Grill Inc. | Reduce -15.5% | 0.46% | −0.16 |
| BMY Bristol-Myers Squibb Co. | Reduce -68.4% | 0.03% | −0.13 |
| OMC Omnicom Group | Sold out | 0.00% | −0.12 |
| ALV Autoliv Inc. | Reduce -70.8% | 0.05% | −0.11 |
| KAI Kadant Inc. | Sold out | 0.00% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -9.6% | 0.31% | −0.10 |
| NOVT Novanta Inc. | Reduce -62.3% | 0.04% | −0.10 |
| PFE Pfizer Inc. | Reduce -5.3% | 0.23% | −0.10 |
| SG Sweetgreen Inc. Class A | Reduce -81.9% | 0.01% | −0.08 |
| GEF Greif Inc. Class A | Sold out | 0.00% | −0.08 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.08 |
| BCC Boise Cascade Co. | Reduce -42.9% | 0.05% | −0.08 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.06 |
| ADBE Adobe Inc. | Reduce -41.1% | 0.05% | −0.06 |
| MP MP Materials Corp. | Reduce -28.4% | 0.18% | −0.05 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.05 |
| GIS General Mills Inc. | Reduce -46.6% | 0.03% | −0.05 |
| DHR Danaher Corp. | Reduce -12.0% | 0.10% | −0.05 |
| TT Trane Technologies PLC | Reduce -7.4% | 0.76% | −0.05 |
| LKQ LKQ Corp. | Reduce -74.2% | 0.01% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -11.5% | 0.05% | −0.04 |
| CSX CSX Corp. | Sold out | 0.00% | −0.03 |
| MPWR Monolithic Power Systems Inc. | Reduce -9.8% | 0.29% | −0.03 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.03 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.03 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.03 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.03 |
| ADSK Autodesk Inc. | Reduce -18.7% | 0.08% | −0.03 |
| AGCO Agco Corp. | Reduce -1.7% | 0.14% | −0.02 |
| ONON On Holding AG Class A | Reduce -20.0% | 0.07% | −0.02 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.02 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.02 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.02 |
| SHOP Shopify Inc. Class A | Reduce -81.0% | 0.00% | −0.02 |
| DOV Dover Corp. | Sold out | 0.00% | −0.01 |
| BALL Ball Corp. | Sold out | 0.00% | −0.01 |
| WAT Waters Corp. | Sold out | 0.00% | −0.01 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.01 |
| A Agilent Technologies Inc. | Reduce -5.1% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +11.7% | 5.90% | +1.28 |
| MSFT Microsoft Corp. | Add +15.5% | 5.50% | +0.92 |
| TRMB Trimble Inc. | Add +70.9% | 2.51% | +0.89 |
| CDNS Cadence Design SYS Inc. | Add +132.1% | 1.50% | +0.82 |
| BMI Badger Meter Inc. | Add +92.6% | 1.67% | +0.81 |
| BSY Bentley Systems Inc. Class B | Add +51.4% | 2.02% | +0.78 |
| XYL Xylem Inc. | Add +67.3% | 2.63% | +0.78 |
| PNR Pentair PLC | Add +227.1% | 1.13% | +0.75 |
| SFM Sprouts Farmers Market Inc. | Add +135.8% | 1.39% | +0.69 |
| EMR Emerson Electric Co. | Add +117.3% | 1.11% | +0.57 |
| FSLR First Solar Inc. | Add +91.9% | 1.13% | +0.56 |
| EBAY eBay Inc. | Add +65.9% | 1.56% | +0.47 |
| ZTS Zoetis Inc. | Add +102.3% | 1.39% | +0.47 |
| CL Colgate-Palmolive Co. | Add +81.3% | 1.68% | +0.46 |
| AVY Avery Dennison Corp. | Add +162.8% | 0.90% | +0.46 |
| ITRI Itron Inc. | Add +142.8% | 0.74% | +0.43 |
| IEX Idex Corp. | Add +96.1% | 1.23% | +0.41 |
| WTS Watts Water Technologies-A | Add +209.5% | 0.59% | +0.39 |
| HUBB Hubbell Inc. | New | 0.29% | +0.29 |
| ABT Abbott Laboratories | New | 0.24% | +0.24 |
| VITL Vital Farms Inc. | Add +262.9% | 0.32% | +0.23 |
| MDT Medtronic PLC | New | 0.20% | +0.20 |
| PTC PTC Inc. | Add +144.9% | 0.38% | +0.20 |
| PANW Palo Alto Networks Inc. | Add +36.4% | 0.88% | +0.20 |
| GPK Graphic Packaging Holding Co. | Add +99.2% | 0.89% | +0.19 |
| PL Planet Labs PBC | Add +206.5% | 0.23% | +0.18 |
| AWK American Water Works Co. Inc. | Add +45.3% | 2.27% | +0.16 |
| VLTO Veralto Corp. | Add +65.3% | 0.60% | +0.15 |
| TJX TJX Companies Inc. | Add +79.8% | 0.49% | +0.15 |
| VRT Vertiv Holdings Co. Class A | Add +50.0% | 0.27% | +0.14 |
| PWR Quanta Services Inc. | Add +6.6% | 0.72% | +0.14 |
| NFLX Netflix Inc. | Add +111.4% | 0.21% | +0.12 |
| ROP Roper Technologies Inc. | Add +53.5% | 0.82% | +0.11 |
| TTEK Tetra Tech Inc. | Add +19.8% | 0.73% | +0.10 |
| UNFI United Natural Foods Inc. | New | 0.09% | +0.09 |
| MTD Mettler-Toledo International | Add +54.1% | 0.47% | +0.08 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.08% | +0.08 |
| EMBC Embecta Corp. | Add +254.2% | 0.14% | +0.07 |
| NOW ServiceNow Inc. | Add +6.4% | 0.92% | +0.07 |
| LIN Linde PLC | Add +33.0% | 1.21% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +21.4% | 1.33% | +0.06 |
| ENS Enersys | Add +46.9% | 0.77% | +0.06 |
| GO Grocery Outlet Holding Corp. | New | 0.04% | +0.04 |
| CNM Core & Main Inc. Class A | Add +11.9% | 0.31% | +0.03 |
| TREX Trex Company Inc. | Add +50.5% | 0.28% | +0.03 |
| EL Estee Lauder Companies Class A | Add +7.2% | 0.65% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +154.5% | 0.03% | +0.02 |
| WMS Advanced Drainage Systems Inc. | New | 0.02% | +0.02 |
| AXP American Express Co. | Add +8.1% | 2.23% | +0.01 |
| VOYA Voya Financial Inc. | Add +38.4% | 0.06% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 185 | $2.7B | NVDA, CDNS, MSFT, AVGO, GOOGL |
| Q1 2026 | 179 | $2.5B | NVDA, MSFT, CDNS, NOW, SNPS |
| Q4 2025 | 92 | $693.5M | NVDA, MSFT, ECL, ACN, FSLR |
| Q3 2025 | 111 | $707.4M | NVDA, MSFT, ECL, ACN, FSLR |
| Q2 2025 | 119 | $708.8M | TMO, ECL, NVDA, MSFT, ACN |
| Q1 2025 | 134 | $555.9M | TMO, ECL, ACN, NVDA, MSFT |
| Q4 2024 | 129 | $579.5M | TMO, ACN, ECL, NVDA, MSFT |
| Q3 2024 | 120 | $578.7M | TMO, ACN, ECL, NVDA, MSFT |
| Q2 2024 | 123 | $547.3M | TMO, ACN, ECL, NVDA, MSFT |
| Q1 2024 | 135 | $564.5M | TMO, ACN, ECL, NVDA, MSFT |