Mirova US LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Mirova US LLC reported 34 stock positions worth $8.3 billion. Its top holding was Nvidia (NVDA) at 8.4% of the portfolio, followed by Microsoft (MSFT, 7.8%) and Mastercard Class A (MA, 7.4%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 6 and reduced 26. The biggest buy was a new position in TJX Companies (TJX) and the biggest sale an exit from Adobe (ADBE).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001802900
- Portfolio Value
- $8.3B (Q4 2024)
- SEC Filing
- 0001172661-25-000614 ↗ filed Feb 10, 2025
Holdings Value
Holdings 34 stocks · $8.3B
| NVDA Nvidia Corp. | 8.39% | 5,209,444 | $699.6M | Reduce -2.9% |
| MSFT Microsoft Corp. | 7.82% | 1,546,921 | $652.0M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 7.36% | 1,164,697 | $613.3M | Reduce -2.8% |
| LLY Eli Lilly & Co. | 5.46% | 589,921 | $455.4M | Reduce -3.0% |
| ECL Ecolab Inc. | 5.39% | 1,916,391 | $449.0M | Reduce -3.6% |
| EBAY eBay Inc. | 5.22% | 7,019,402 | $434.9M | Reduce -3.0% |
| TMO Thermo Fisher Scientific Inc. | 4.76% | 762,525 | $396.7M | Reduce -3.0% |
| ROP Roper Technologies Inc. | 4.27% | 685,167 | $356.2M | Reduce -2.9% |
| TSM Taiwan Semiconductor-SP ADR | 4.03% | 1,699,845 | $335.7M | Reduce -16.8% |
| DHR Danaher Corp. | 3.79% | 1,377,202 | $316.1M | Reduce -2.9% |
| PANW Palo Alto Networks Inc. | 3.61% | 1,651,964 | $300.6M | Reduce -2.9% |
| WM Waste Management Inc. | 3.42% | 1,413,109 | $285.2M | Reduce -2.9% |
| NEE Nextera Energy Inc. | 3.26% | 3,794,690 | $272.0M | Reduce -1.7% |
| ACN Accenture PLC Class A | 3.01% | 713,474 | $251.0M | Add +26.4% |
| V Visa Inc. Class A | 2.92% | 770,794 | $243.6M | Reduce -5.2% |
| XYL Xylem Inc. | 2.56% | 1,841,615 | $213.7M | Reduce -2.9% |
| CRM Salesforce Inc. | 2.52% | 627,829 | $209.9M | Add +32.8% |
| SHOP Shopify Inc. Class A | 2.51% | 1,971,701 | $209.7M | Reduce -2.8% |
| AWK American Water Works Co. Inc. | 2.33% | 1,559,036 | $194.1M | Reduce -2.8% |
| ISRG Intuitive Surgical Inc. | 2.32% | 370,096 | $193.2M | Reduce -3.0% |
| APTV Aptiv PLC | 1.89% | 2,599,731 | $157.2M | Reduce -3.0% |
| CP Canadian Pacific Kansas City | 1.81% | 2,084,949 | $150.9M | Reduce -3.0% |
| WTS Watts Water Technologies-A | 1.72% | 703,906 | $143.1M | Reduce -2.8% |
| BALL Ball Corp. | 1.61% | 2,431,399 | $134.0M | Reduce -3.5% |
| EW Edwards Lifesciences Corp. | 1.61% | 1,809,222 | $133.9M | Reduce -2.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.43% | 985,095 | $119.0M | New |
| FSLR First Solar Inc. | 1.37% | 646,310 | $113.9M | Add +961.0% |
| AGCO Agco Corp. | 1.31% | 1,172,381 | $109.6M | Reduce -2.9% |
| VLTO Veralto Corp. | 1.26% | 1,032,125 | $105.1M | Reduce -2.9% |
| WMS Advanced Drainage Systems Inc. | 0.57% | 407,588 | $47.1M | Add +18.5% |
| ENPH Enphase Energy Inc. | 0.47% | 568,829 | $39.1M | Reduce -2.9% |
| CL Colgate-Palmolive Co. | 0.01% | 11,849 | $1.1M | Add +16.3% |
| JCI Johnson Controls Internation | 0.01% | 10,631 | $839K | New |
| CSCO Cisco Systems Inc. | 0.01% | 13,467 | $797K | Add +16.3% |
Portfolio Sells Q3 2024 → Q4 2024
| ADBE Adobe Inc. | Sold out | 0.00% | −1.55 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.0% | 4.76% | −0.82 |
| DHR Danaher Corp. | Reduce -2.9% | 3.79% | −0.73 |
| LLY Eli Lilly & Co. | Reduce -3.0% | 5.46% | −0.72 |
| NEE Nextera Energy Inc. | Reduce -1.7% | 3.26% | −0.48 |
| ECL Ecolab Inc. | Reduce -3.6% | 5.39% | −0.44 |
| XYL Xylem Inc. | Reduce -2.9% | 2.56% | −0.37 |
| AWK American Water Works Co. Inc. | Reduce -2.8% | 2.33% | −0.36 |
| BALL Ball Corp. | Reduce -3.5% | 1.61% | −0.35 |
| APTV Aptiv PLC | Reduce -3.0% | 1.89% | −0.33 |
| CP Canadian Pacific Kansas City | Reduce -3.0% | 1.81% | −0.30 |
| ENPH Enphase Energy Inc. | Reduce -2.9% | 0.47% | −0.29 |
| ROP Roper Technologies Inc. | Reduce -2.9% | 4.27% | −0.23 |
| EBAY eBay Inc. | Reduce -3.0% | 5.22% | −0.19 |
| VLTO Veralto Corp. | Reduce -2.9% | 1.26% | −0.10 |
| WM Waste Management Inc. | Reduce -2.9% | 3.42% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.8% | 4.03% | −0.05 |
| MSFT Microsoft Corp. | Reduce -2.9% | 7.82% | −0.05 |
| AGCO Agco Corp. | Reduce -2.9% | 1.31% | −0.04 |
| WTS Watts Water Technologies-A | Reduce -2.8% | 1.72% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -3.0% | 2.32% | +0.17 |
| EW Edwards Lifesciences Corp. | Reduce -2.9% | 1.61% | +0.20 |
| PANW Palo Alto Networks Inc. | Reduce -2.9% | 3.61% | +0.27 |
| V Visa Inc. Class A | Reduce -5.2% | 2.92% | +0.36 |
| MA Mastercard Inc. Class A | Reduce -2.8% | 7.36% | +0.57 |
| SHOP Shopify Inc. Class A | Reduce -2.8% | 2.51% | +0.65 |
| NVDA Nvidia Corp. | Reduce -2.9% | 8.39% | +0.91 |
Portfolio Buys Q3 2024 → Q4 2024
| TJX TJX Companies Inc. | New | 1.43% | +1.43 |
| FSLR First Solar Inc. | Add +961.0% | 1.37% | +1.19 |
| CRM Salesforce Inc. | Add +32.8% | 2.52% | +1.03 |
| ACN Accenture PLC Class A | Add +26.4% | 3.01% | +0.72 |
| JCI Johnson Controls Internation | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +16.3% | 0.01% | +0.00 |
| CL Colgate-Palmolive Co. | Add +16.3% | 0.01% | +0.00 |
| WMS Advanced Drainage Systems Inc. | Add +18.5% | 0.57% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 45 | $9.3B | NVDA, TSM, MA, MSFT, PANW |
| Q1 2026 | 42 | $8.8B | NVDA, MSFT, MA, TSM, TJX |
| Q4 2025 | 43 | $10.0B | NVDA, MSFT, MA, TSM, SHOP |
| Q3 2025 | 36 | $9.9B | NVDA, MSFT, MA, ECL, TSM |
| Q2 2025 | 35 | $9.7B | NVDA, MSFT, MA, ECL, ROP |
| Q1 2025 | 34 | $8.4B | MSFT, NVDA, MA, LLY, ECL |
| Q4 2024 | 34 | $8.3B | NVDA, MSFT, MA, LLY, ECL |
| Q3 2024 | 33 | $8.7B | MSFT, NVDA, MA, LLY, ECL |
| Q2 2024 | 29 | $8.0B | NVDA, MSFT, LLY, MA, EBAY |
| Q1 2024 | 27 | $7.4B | MA, MSFT, NVDA, EBAY, LLY |