Mirova

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Mirova reported 179 stock positions worth $2.5 billion. Its top holding was Nvidia (NVDA) at 6.2% of the portfolio, followed by Microsoft (MSFT, 2.8%) and Cadence Design SYS (CDNS, 2.6%). Compared with Q4 2025, it opened 93 new positions, sold out of 6, added to 51 and reduced 29. The biggest buy was a new position in Synopsys (SNPS) and the biggest sale Accenture Class A (ACN, shares −45%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001767843
Portfolio Value
$2.5B (Q1 2026)
SEC Filing
0001104659-26-061161 ↗ filed May 14, 2026

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 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 $2.5B Q1 2026 Q2 2026: $2.7B Q2 2026

Holdings 179 stocks · $2.5B
NVDA Nvidia Corp. 6.16% 869,338 $151.6M Add +238.3%
MSFT Microsoft Corp. 2.84% 188,849 $69.9M Add +115.9%
CDNS Cadence Design SYS Inc. 2.62% 232,032 $64.5M Add +436.0%
NOW ServiceNow Inc. 2.60% 611,772 $64.0M Add +1472.5%
SNPS Synopsys Inc. 2.45% 151,873 $60.2M New
ECL Ecolab Inc. 2.19% 202,638 $53.9M Add +35.1%
AVGO Broadcom Inc. 2.13% 169,717 $52.5M Add +1235.7%
GOOGL Alphabet Inc. Class A 2.11% 180,834 $52.0M New
CRWD CrowdStrike Holdings Inc. Class A 1.86% 117,624 $45.9M New
BSY Bentley Systems Inc. Class B 1.79% 1,257,702 $44.2M Add +335.9%
ISRG Intuitive Surgical Inc. 1.71% 91,279 $42.1M Add +425.4%
SNOW Snowflake Inc. 1.58% 257,688 $38.9M New
WM Waste Management Inc. 1.55% 166,449 $38.2M Add +103.1%
VRT Vertiv Holdings Co. Class A 1.54% 151,388 $37.9M Add +391.1%
NVT Nvent Electric PLC 1.54% 320,522 $37.9M New
CLH Clean Harbors Inc. 1.52% 130,675 $37.5M New
AMD Advanced Micro Devices 1.51% 182,667 $37.2M New
TMO Thermo Fisher Scientific Inc. 1.46% 73,275 $36.0M Add +619.2%
FSLR First Solar Inc. 1.29% 161,443 $31.8M Add +52.6%
VLTO Veralto Corp. 1.27% 354,189 $31.3M Add +774.5%
IEX Idex Corp. 1.24% 160,700 $30.5M Add +212.3%
PANW Palo Alto Networks Inc. 1.21% 186,566 $29.9M Add +384.7%
XYL Xylem Inc. 1.19% 244,505 $29.2M Add +60.6%
KLAC KLA Corp. 1.17% 19,632 $28.9M New
JBTM JBT Marel Corp. 1.01% 194,430 $24.9M New
DHR Danaher Corp. 1.01% 130,964 $24.8M Add +569.1%
PTC PTC Inc. 1.00% 173,039 $24.7M Add +685.8%
WCN Waste Connections Inc. 0.98% 148,126 $24.1M New
ESTC Elastic NV 0.97% 479,093 $23.9M New
MDB Mongodb Inc. 0.97% 97,300 $23.8M New
WMS Advanced Drainage Systems Inc. 0.96% 172,152 $23.6M Add +1669.7%
EQIX Equinix Inc. 0.90% 22,604 $22.2M New
AWK American Water Works Co. Inc. 0.87% 156,590 $21.3M Add +26.1%
CNM Core & Main Inc. Class A 0.84% 418,000 $20.6M New
LLY Eli Lilly & Co. 0.83% 22,170 $20.4M Add +17.0%
PNR Pentair PLC 0.81% 228,918 $19.9M Add +217.1%
MANH Manhattan Associates Inc. 0.80% 148,622 $19.8M New
APG Api Group Corp. 0.79% 482,616 $19.6M New
DLR Digital Realty Trust Inc. 0.77% 105,387 $19.0M New
TTEK Tetra Tech Inc. 0.75% 611,722 $18.4M Add +126.8%
DXCM Dexcom Inc. 0.75% 292,754 $18.4M New
PRCT Procept Biorobotics Corp. 0.74% 723,842 $18.1M New
TRMB Trimble Inc. 0.70% 265,711 $17.3M Add +8.6%
OSIS Osi Systems Inc. 0.70% 65,007 $17.3M New
MDT Medtronic PLC 0.69% 195,560 $16.9M New
FROG Jfrog Ltd. 0.68% 354,574 $16.6M New
STE Steris PLC 0.67% 74,230 $16.4M New
MSI Motorola Solutions Inc. 0.67% 37,823 $16.4M New
LFUS Littelfuse Inc. 0.65% 47,410 $16.1M Add +118.2%
WTRG Essential Utilities Inc. 0.64% 392,726 $15.8M New
NFLX Netflix Inc. 0.63% 160,622 $15.4M Add +3279.4%
WAB Wabtec Corp. 0.62% 61,481 $15.4M New
ROP Roper Technologies Inc. 0.62% 43,035 $15.2M Add +315.1%
ZS Zscaler Inc. 0.60% 105,882 $14.9M New
ARGX Argenx SE - ADR 0.59% 19,833 $14.5M New
SYK Stryker Corp. 0.59% 43,973 $14.4M Add +53.7%
NDAQ Nasdaq Inc. 0.57% 165,715 $14.1M New
FERG Ferguson Enterprises Inc. 0.55% 57,804 $13.5M New
LIN Linde PLC 0.55% 27,136 $13.5M Add +18.0%
MSA Msa Safety Inc. 0.54% 80,640 $13.2M New
ITRI Itron Inc. 0.51% 139,570 $12.5M Add +13.6%
EMR Emerson Electric Co. 0.51% 95,408 $12.5M Add +34.3%
ACN Accenture PLC Class A 0.51% 63,016 $12.5M Reduce -45.4%
CLBT Cellebrite Di Ltd. 0.49% 881,512 $12.1M New
AXON Axon Enterprise Inc. 0.49% 28,564 $12.1M New
AIT Applied Industrial Tech Inc. 0.49% 45,585 $12.1M New
TYL Tyler Technologies Inc. 0.49% 35,170 $12.0M New
ROL Rollins Inc. 0.49% 224,568 $12.0M New
EBAY eBay Inc. 0.49% 131,297 $12.0M Reduce -3.7%
ADSK Autodesk Inc. 0.48% 49,886 $11.9M New
APTV Aptiv PLC 0.48% 170,445 $11.8M Add +1272.6%
ENS Enersys 0.48% 67,438 $11.7M Reduce -0.8%
V Visa Inc. Class A 0.47% 37,929 $11.5M Reduce -25.1%
HTO H2O America 0.47% 195,246 $11.5M New
AOS Smith (a.o.) Corp. 0.46% 172,000 $11.3M New
KEYS Keysight Technologies Inc. 0.46% 39,821 $11.2M Add +25.6%
TRU Transunion 0.43% 154,637 $10.7M New
ACM Aecom 0.43% 123,635 $10.5M New
GNRC Generac Holdings Inc. 0.42% 53,187 $10.4M New
MSEX Middlesex Water Co. 0.41% 196,000 $10.2M New
A Agilent Technologies Inc. 0.41% 88,559 $10.1M New
SYM Symbotic Inc. 0.41% 189,642 $10.1M New
CL Colgate-Palmolive Co. 0.40% 114,813 $9.8M Reduce -16.8%
BRKR Bruker Corp. 0.40% 269,877 $9.7M New
AXP American Express Co. 0.39% 31,878 $9.6M Reduce -32.8%
CYRX Cryoport Inc. 0.39% 1,158,277 $9.6M New
CTAS Cintas Corp. 0.39% 56,593 $9.6M New
PG The Procter & Gamble Co. 0.39% 66,256 $9.6M Reduce -3.6%
ZTS Zoetis Inc. 0.37% 76,968 $9.1M Reduce -4.5%
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.36% 136,090 $8.9M Add +8.5%
PWR Quanta Services Inc. 0.36% 16,013 $8.8M Add +16.5%
DDOG Datadog Inc. Class A 0.35% 72,649 $8.6M New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.34% 83,040 $8.5M New
PL Planet Labs PBC 0.34% 295,208 $8.3M Reduce -2.3%
VZ Verizon Communications Inc. 0.33% 161,329 $8.1M Add +1327.9%
MOD Modine Manufacturing Co. 0.32% 36,500 $7.9M New
WY Weyerhaeuser Co. 0.32% 322,593 $7.9M Add +116.7%
ZWS Zurn Elkay Water Solutions C 0.30% 167,277 $7.5M New
LOW Lowe's Cos Inc. 0.29% 30,301 $7.2M New
BBY Best Buy Co. Inc. 0.28% 107,977 $6.9M New

Show all 179 holdings

Portfolio Sells Q4 2025 → Q1 2026
ACN Accenture PLC Class A Reduce -45.4% 0.51% −3.95
AXP American Express Co. Reduce -32.8% 0.39% −2.14
V Visa Inc. Class A Reduce -25.1% 0.47% −2.09
UNP Union Pacific Corp. Reduce -79.3% 0.08% −1.27
EBAY eBay Inc. Reduce -3.7% 0.49% −1.23
CL Colgate-Palmolive Co. Reduce -16.8% 0.40% −1.17
ZTS Zoetis Inc. Reduce -4.5% 0.37% −1.09
PG The Procter & Gamble Co. Reduce -3.6% 0.39% −1.03
GM General Motors Co. Reduce -82.7% 0.05% −1.02
BMI Badger Meter Inc. Reduce -19.9% 0.24% −0.99
ENS Enersys Reduce -0.8% 0.48% −0.96
IFF Intl Flavors & Fragrances Sold out 0.00% −0.91
CRM Salesforce Inc. Reduce -88.5% 0.02% −0.88
GDDY GoDaddy Inc. Class A Reduce -59.4% 0.07% −0.85
EL Estee Lauder Companies Class A Sold out 0.00% −0.80
WDAY Workday Inc. Class A Sold out 0.00% −0.75
TJX TJX Companies Inc. Reduce -6.9% 0.27% −0.72
SFM Sprouts Farmers Market Inc. Reduce -42.2% 0.12% −0.66
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.64
WTS Watts Water Technologies-A Reduce -82.7% 0.03% −0.55
BFAM Bright Horizons Family Solut Sold out 0.00% −0.53
PL Planet Labs PBC Reduce -2.3% 0.34% −0.52
MA Mastercard Inc. Class A Reduce -14.6% 0.14% −0.52
MTD Mettler-Toledo International Reduce -1.0% 0.15% −0.45
CCK Crown Holdings Inc. Reduce -14.2% 0.07% −0.24
VITL Vital Farms Inc. Reduce -14.1% 0.02% −0.20
ZD Ziff Davis Inc. Reduce -21.5% 0.07% −0.19
MPWR Monolithic Power Systems Inc. Reduce -11.6% 0.08% −0.19
ARRY Array Technologies Inc. Reduce -56.6% 0.01% −0.13
EMBC Embecta Corp. Reduce -14.0% 0.03% −0.13
GPK Graphic Packaging Holding Co. Reduce -14.0% 0.02% −0.11
AGCO Agco Corp. Reduce -11.4% 0.03% −0.07
ADBE Adobe Inc. Sold out 0.00% −0.04
ALV Autoliv Inc. Reduce -14.1% 0.01% −0.04
MWA Mueller Water Products Inc. Class A Reduce -14.1% 0.01% −0.03

Portfolio Buys Q4 2025 → Q1 2026
SNPS Synopsys Inc. New 2.45% +2.45
GOOGL Alphabet Inc. Class A New 2.11% +2.11
CRWD CrowdStrike Holdings Inc. Class A New 1.86% +1.86
NOW ServiceNow Inc. Add +1472.5% 2.60% +1.74
SNOW Snowflake Inc. New 1.58% +1.58
NVT Nvent Electric PLC New 1.54% +1.54
CLH Clean Harbors Inc. New 1.52% +1.52
AMD Advanced Micro Devices New 1.51% +1.51
AVGO Broadcom Inc. Add +1235.7% 2.13% +1.50
KLAC KLA Corp. New 1.17% +1.17
JBTM JBT Marel Corp. New 1.01% +1.01
WCN Waste Connections Inc. New 0.98% +0.98
ESTC Elastic NV New 0.97% +0.97
MDB Mongodb Inc. New 0.97% +0.97
EQIX Equinix Inc. New 0.90% +0.90
CNM Core & Main Inc. Class A New 0.84% +0.84
VRT Vertiv Holdings Co. Class A Add +391.1% 1.54% +0.82
MANH Manhattan Associates Inc. New 0.80% +0.80
APG Api Group Corp. New 0.79% +0.79
DLR Digital Realty Trust Inc. New 0.77% +0.77
WMS Advanced Drainage Systems Inc. Add +1669.7% 0.96% +0.76
DXCM Dexcom Inc. New 0.75% +0.75
PRCT Procept Biorobotics Corp. New 0.74% +0.74
OSIS Osi Systems Inc. New 0.70% +0.70
VLTO Veralto Corp. Add +774.5% 1.27% +0.69
MDT Medtronic PLC New 0.69% +0.69
FROG Jfrog Ltd. New 0.68% +0.68
CDNS Cadence Design SYS Inc. Add +436.0% 2.62% +0.67
MSI Motorola Solutions Inc. New 0.67% +0.67
STE Steris PLC New 0.67% +0.67
WTRG Essential Utilities Inc. New 0.64% +0.64
WAB Wabtec Corp. New 0.62% +0.62
TMO Thermo Fisher Scientific Inc. Add +619.2% 1.46% +0.61
ZS Zscaler Inc. New 0.60% +0.60
ARGX Argenx SE - ADR New 0.59% +0.59
NDAQ Nasdaq Inc. New 0.57% +0.57
NFLX Netflix Inc. Add +3279.4% 0.63% +0.56
FERG Ferguson Enterprises Inc. New 0.55% +0.55
MSA Msa Safety Inc. New 0.54% +0.54
CLBT Cellebrite Di Ltd. New 0.49% +0.49
AXON Axon Enterprise Inc. New 0.49% +0.49
AIT Applied Industrial Tech Inc. New 0.49% +0.49
TYL Tyler Technologies Inc. New 0.49% +0.49
ROL Rollins Inc. New 0.49% +0.49
ADSK Autodesk Inc. New 0.48% +0.48
HTO H2O America New 0.47% +0.47
AOS Smith (a.o.) Corp. New 0.46% +0.46
PTC PTC Inc. Add +685.8% 1.00% +0.45
TRU Transunion New 0.43% +0.43
ACM Aecom New 0.43% +0.43

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