Mirova US LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Mirova US LLC reported 42 stock positions worth $8.8 billion. Its top holding was Nvidia (NVDA) at 10.0% of the portfolio, followed by Microsoft (MSFT, 6.5%) and Mastercard Class A (MA, 5.4%). Compared with Q4 2025, it sold out of 1, added to 6 and reduced 32. The biggest buy was Vertiv Class A (VRT, shares +31%) and the biggest sale Visa Class A (V, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001802900
- Portfolio Value
- $8.8B (Q1 2026)
- SEC Filing
- 0001172661-26-001659 ↗ filed May 11, 2026
Holdings Value
Holdings 42 stocks · $8.8B
| NVDA Nvidia Corp. | 10.01% | 5,055,799 | $881.7M | Reduce -3.8% |
| MSFT Microsoft Corp. | 6.53% | 1,555,616 | $575.8M | Reduce -4.0% |
| MA Mastercard Inc. Class A | 5.43% | 957,746 | $478.5M | Reduce -3.9% |
| TSM Taiwan Semiconductor-SP ADR | 4.91% | 1,281,550 | $433.1M | Reduce -23.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.36% | 2,408,310 | $384.6M | Reduce -4.1% |
| AVGO Broadcom Inc. | 3.91% | 1,113,510 | $344.6M | Add +19.8% |
| LLY Eli Lilly & Co. | 3.85% | 368,438 | $338.9M | Reduce -4.1% |
| NEE Nextera Energy Inc. | 3.82% | 3,623,477 | $336.5M | Reduce -2.6% |
| SHOP Shopify Inc. Class A | 3.60% | 2,671,242 | $316.9M | Reduce -4.1% |
| WM Waste Management Inc. | 3.55% | 1,362,167 | $313.0M | Reduce -4.0% |
| EBAY eBay Inc. | 3.55% | 3,432,531 | $312.4M | Reduce -3.3% |
| ECL Ecolab Inc. | 3.53% | 1,169,995 | $311.2M | Reduce -18.6% |
| TMO Thermo Fisher Scientific Inc. | 3.43% | 615,090 | $302.3M | Reduce -4.1% |
| HUBB Hubbell Inc. | 3.21% | 575,911 | $282.6M | Add +20.3% |
| PANW Palo Alto Networks Inc. | 2.92% | 1,602,712 | $256.9M | Reduce -3.9% |
| VRT Vertiv Holdings Co. Class A | 2.91% | 1,022,714 | $256.3M | Add +30.8% |
| ISRG Intuitive Surgical Inc. | 2.68% | 512,363 | $236.2M | Reduce -4.1% |
| LOW Lowe's Cos Inc. | 2.52% | 941,425 | $222.4M | Reduce -4.0% |
| XYL Xylem Inc. | 2.45% | 1,807,448 | $216.0M | Reduce -3.9% |
| EW Edwards Lifesciences Corp. | 2.39% | 2,627,315 | $210.4M | Reduce -4.1% |
| DHR Danaher Corp. | 2.26% | 1,051,430 | $199.4M | Reduce -4.0% |
| AGCO Agco Corp. | 2.09% | 1,586,652 | $183.8M | Add +36.2% |
| CP Canadian Pacific Kansas City | 1.74% | 1,944,162 | $152.9M | Reduce -4.2% |
| VLTO Veralto Corp. | 1.70% | 1,689,337 | $149.4M | Add +60.5% |
| BALL Ball Corp. | 1.61% | 2,407,018 | $142.3M | Reduce -4.3% |
| BSX Boston Scientific Corp. | 1.57% | 2,203,401 | $138.3M | Add +60.8% |
| FSLR First Solar Inc. | 1.56% | 698,552 | $137.8M | Reduce -21.4% |
| ACN Accenture PLC Class A | 1.54% | 682,706 | $135.4M | Reduce -4.0% |
| WTS Watts Water Technologies-A | 1.44% | 437,865 | $127.1M | Reduce -4.9% |
| CRM Salesforce Inc. | 1.29% | 609,451 | $113.8M | Reduce -4.0% |
| AWK American Water Works Co. Inc. | 1.16% | 750,695 | $102.2M | Reduce -4.0% |
| V Visa Inc. Class A | 1.12% | 325,764 | $98.5M | Reduce -57.8% |
| WMS Advanced Drainage Systems Inc. | 0.98% | 628,843 | $86.2M | Reduce -4.9% |
| JCI Johnson Controls Internation | 0.07% | 43,967 | $5.8M | Reduce -0.2% |
| NDAQ Nasdaq Inc. | 0.06% | 66,207 | $5.6M | Reduce -22.7% |
| GOOGL Alphabet Inc. Class A | 0.06% | 19,424 | $5.6M | No change |
| AAPL Apple Inc. | 0.04% | 15,420 | $3.9M | No change |
| AMZN Amazon.com Inc. | 0.04% | 15,144 | $3.2M | No change |
| ES Eversource Energy | 0.03% | 43,842 | $3.0M | Reduce -18.9% |
| CL Colgate-Palmolive Co. | 0.03% | 33,866 | $2.9M | Reduce -0.2% |
| INTU Intuit Inc. | 0.03% | 5,763 | $2.5M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.02% | 3,798 | $2.2M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| V Visa Inc. Class A | Reduce -57.8% | 1.12% | −1.60 |
| MSFT Microsoft Corp. | Reduce -4.0% | 6.53% | −1.34 |
| SHOP Shopify Inc. Class A | Reduce -4.1% | 3.60% | −0.91 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.87 |
| FSLR First Solar Inc. | Reduce -21.4% | 1.56% | −0.77 |
| CRM Salesforce Inc. | Reduce -4.0% | 1.29% | −0.40 |
| ACN Accenture PLC Class A | Reduce -4.0% | 1.54% | −0.38 |
| ISRG Intuitive Surgical Inc. | Reduce -4.1% | 2.68% | −0.36 |
| LLY Eli Lilly & Co. | Reduce -4.1% | 3.85% | −0.30 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.1% | 3.43% | −0.30 |
| MA Mastercard Inc. Class A | Reduce -3.9% | 5.43% | −0.28 |
| ECL Ecolab Inc. | Reduce -18.6% | 3.53% | −0.26 |
| DHR Danaher Corp. | Reduce -4.0% | 2.26% | −0.25 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.7% | 4.91% | −0.21 |
| PANW Palo Alto Networks Inc. | Reduce -3.9% | 2.92% | −0.17 |
| XYL Xylem Inc. | Reduce -3.9% | 2.45% | −0.12 |
| NDAQ Nasdaq Inc. | Reduce -22.7% | 0.06% | −0.02 |
| INTU Intuit Inc. | Reduce -0.2% | 0.03% | −0.01 |
| ES Eversource Energy | Reduce -18.9% | 0.03% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.03% | +0.01 |
| JCI Johnson Controls Internation | Reduce -0.2% | 0.07% | +0.01 |
| WMS Advanced Drainage Systems Inc. | Reduce -4.9% | 0.98% | +0.02 |
| EW Edwards Lifesciences Corp. | Reduce -4.1% | 2.39% | +0.04 |
| AWK American Water Works Co. Inc. | Reduce -4.0% | 1.16% | +0.14 |
| LOW Lowe's Cos Inc. | Reduce -4.0% | 2.52% | +0.15 |
| NVDA Nvidia Corp. | Reduce -3.8% | 10.01% | +0.17 |
| WTS Watts Water Technologies-A | Reduce -4.9% | 1.44% | +0.17 |
| CP Canadian Pacific Kansas City | Reduce -4.2% | 1.74% | +0.24 |
| BALL Ball Corp. | Reduce -4.3% | 1.61% | +0.28 |
| WM Waste Management Inc. | Reduce -4.0% | 3.55% | +0.42 |
| EBAY eBay Inc. | Reduce -3.3% | 3.55% | +0.44 |
| TJX TJX Companies Inc. | Reduce -4.1% | 4.36% | +0.49 |
| NEE Nextera Energy Inc. | Reduce -2.6% | 3.82% | +0.82 |
Portfolio Buys Q4 2025 → Q1 2026
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 |