Trillium Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Trillium Asset Management, LLC reported 232 stock positions worth $3.9 billion. Its top holding was Microsoft (MSFT) at 6.5% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Apple (AAPL, 4.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 15, added to 45 and reduced 163. The biggest buy was Lululemon Athletica (LULU, shares +5%) and the biggest sale Elevance Health (ELV, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000884541
- Portfolio Value
- $3.9B (Q4 2024)
- SEC Filing
- 0001085146-25-000967 ↗ filed Feb 11, 2025
Holdings Value
Holdings 232 stocks · $3.9B
| MSFT Microsoft Corp. | 6.53% | 597,853 | $252.0M | Reduce -3.7% |
| NVDA Nvidia Corp. | 5.84% | 1,678,163 | $225.4M | Reduce -1.9% |
| AAPL Apple Inc. | 4.78% | 736,215 | $184.4M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 4.24% | 863,403 | $163.4M | Reduce -8.5% |
| MA Mastercard Inc. Class A | 2.28% | 166,932 | $87.9M | Reduce -3.6% |
| NOW ServiceNow Inc. | 2.25% | 81,755 | $86.7M | Reduce -7.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.87% | 598,010 | $72.2M | Reduce -2.9% |
| PANW Palo Alto Networks Inc. | 1.70% | 359,365 | $65.4M | Reduce -7.8% |
| COST Costco Wholesale Corp. | 1.48% | 62,399 | $57.2M | Reduce -0.1% |
| ADBE Adobe Inc. | 1.34% | 115,917 | $51.5M | Reduce -5.3% |
| ECL Ecolab Inc. | 1.27% | 209,756 | $49.2M | Reduce -4.8% |
| CMG Chipotle Mexican Grill Inc. | 1.25% | 800,695 | $48.3M | Add +20.0% |
| PNC PNC Financial Services Group | 1.25% | 249,223 | $48.1M | Reduce -0.1% |
| ETN Eaton Corp. PLC | 1.23% | 142,470 | $47.3M | Reduce -4.4% |
| LULU Lululemon Athletica Inc. | 1.17% | 118,341 | $45.3M | Add +5.4% |
| UL Unilever PLC | 1.16% | 790,970 | $44.8M | Reduce -4.7% |
| AZN Astrazeneca PLC-Spons ADR | 1.14% | 668,691 | $43.8M | Reduce -4.7% |
| TMO Thermo Fisher Scientific Inc. | 1.12% | 83,329 | $43.4M | Reduce -5.0% |
| TRV The Travelers Cos Inc. | 1.10% | 176,466 | $42.5M | Reduce -4.5% |
| TGT Target Corp. | 1.10% | 313,231 | $42.3M | Add +4.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.10% | 214,235 | $42.3M | Reduce -20.7% |
| AWK American Water Works Co. Inc. | 1.05% | 324,480 | $40.4M | Reduce -0.2% |
| V Visa Inc. Class A | 1.00% | 122,151 | $38.6M | Add +1.1% |
| TT Trane Technologies PLC | 0.99% | 103,722 | $38.3M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.98% | 378,905 | $37.7M | Reduce -3.4% |
| NFLX Netflix Inc. | 0.97% | 42,070 | $37.5M | Reduce -0.6% |
| JLL Jones Lang Lasalle Inc. | 0.95% | 145,090 | $36.7M | Reduce -11.6% |
| WAB Wabtec Corp. | 0.93% | 189,843 | $36.0M | Reduce -9.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.93% | 51,830 | $35.9M | Reduce -4.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.92% | 466,846 | $35.6M | Reduce -5.6% |
| AFL Aflac Inc. | 0.90% | 335,763 | $34.7M | Reduce -1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.88% | 772,659 | $34.0M | Reduce -1.6% |
| AMT American Tower Corp. | 0.86% | 181,167 | $33.2M | Reduce -7.6% |
| HD Home Depot Inc. | 0.86% | 85,045 | $33.1M | Reduce -1.3% |
| BFAM Bright Horizons Family Solut | 0.82% | 284,544 | $31.5M | Reduce -2.8% |
| ICE Intercontinental Exchange Inc. | 0.82% | 211,514 | $31.5M | Reduce -3.2% |
| SYK Stryker Corp. | 0.79% | 84,225 | $30.3M | Reduce -0.8% |
| FSLR First Solar Inc. | 0.79% | 171,846 | $30.3M | Add +7.4% |
| ACN Accenture PLC Class A | 0.78% | 85,556 | $30.1M | Reduce -24.2% |
| UNP Union Pacific Corp. | 0.77% | 130,665 | $29.8M | Reduce -7.5% |
| NXPI NXP Semiconductors NV | 0.75% | 140,077 | $29.1M | Reduce -1.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.74% | 166,622 | $28.4M | Reduce -2.1% |
| DECK Deckers Outdoor Corp. | 0.72% | 137,687 | $28.0M | Add +0.3% |
| PLD Prologis Inc. | 0.71% | 259,363 | $27.4M | Reduce -6.0% |
| FERG Ferguson Enterprises Inc. | 0.71% | 157,189 | $27.3M | Reduce -4.3% |
| ELV Elevance Health Inc. | 0.70% | 73,534 | $27.1M | Reduce -26.9% |
| LIN Linde PLC | 0.69% | 63,160 | $26.4M | Add +2.1% |
| EQIX Equinix Inc. | 0.68% | 27,672 | $26.1M | Reduce -1.1% |
| VRSK Verisk Analytics Inc. | 0.67% | 93,393 | $25.7M | Reduce -2.2% |
| EWBC East West Bancorp Inc. | 0.63% | 252,266 | $24.2M | Reduce -5.3% |
| CDNS Cadence Design SYS Inc. | 0.62% | 80,030 | $24.0M | Add +43.3% |
| SPOT Spotify Technology SA | 0.62% | 53,490 | $23.9M | Add +36.0% |
| SHOP Shopify Inc. Class A | 0.61% | 222,231 | $23.6M | Reduce -11.2% |
| PWR Quanta Services Inc. | 0.60% | 73,834 | $23.3M | Reduce -11.9% |
| PG The Procter & Gamble Co. | 0.60% | 138,335 | $23.2M | Reduce -1.1% |
| XYL Xylem Inc. | 0.60% | 198,258 | $23.0M | Reduce -2.2% |
| LPLA LPL Financial Holdings Inc. | 0.58% | 68,376 | $22.3M | Reduce -2.8% |
| SBUX Starbucks Corp. | 0.56% | 235,441 | $21.5M | Reduce -6.1% |
| AZO AutoZone Inc. | 0.56% | 6,687 | $21.4M | Reduce -1.0% |
| BALL Ball Corp. | 0.55% | 385,031 | $21.2M | Reduce -19.3% |
| MAR Marriott International Class A | 0.55% | 75,637 | $21.1M | Add +10.4% |
| TTEK Tetra Tech Inc. | 0.53% | 516,531 | $20.6M | Reduce -2.6% |
| PGR Progressive Corp. | 0.53% | 85,379 | $20.5M | Reduce -1.3% |
| UNH Unitedhealth Group Inc. | 0.53% | 40,112 | $20.3M | Reduce -1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.52% | 232,166 | $20.0M | Reduce -1.8% |
| PCTY Paylocity Holding Corp. | 0.52% | 99,706 | $19.9M | Add +194.7% |
| ORA Ormat Technologies Inc. | 0.52% | 293,539 | $19.9M | Reduce -4.8% |
| FITB Fifth Third Bancorp | 0.49% | 445,927 | $18.9M | Add +11.4% |
| ROK Rockwell Automation Inc. | 0.48% | 65,028 | $18.6M | Reduce -3.7% |
| MYRG MYR Group Inc./Delaware | 0.48% | 123,271 | $18.3M | Reduce -1.6% |
| VMI Valmont Industries | 0.46% | 57,371 | $17.6M | Reduce -2.7% |
| ALLY Ally Financial Inc. | 0.45% | 481,248 | $17.3M | Reduce -1.4% |
| MELI MercadoLibre Inc. | 0.44% | 10,060 | $17.1M | Add +82.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.44% | 200,960 | $17.0M | Reduce -6.8% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.44% | 153,031 | $16.9M | Add +107.0% |
| NVT Nvent Electric PLC | 0.43% | 244,682 | $16.7M | Add +11.9% |
| SYY Sysco Corp. | 0.39% | 198,405 | $15.2M | Add +23.3% |
| LW Lamb Weston Holdings Inc. | 0.39% | 224,023 | $15.0M | Add +13.7% |
| EHC Encompass Health Corp. | 0.38% | 160,490 | $14.8M | Reduce -1.4% |
| TREX Trex Company Inc. | 0.37% | 207,468 | $14.3M | Add +28.5% |
| CYBR Cyberark Software Ltd./Israel | 0.36% | 41,626 | $13.9M | Reduce -4.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 177,407 | $13.6M | Reduce -8.3% |
| AVY Avery Dennison Corp. | 0.35% | 72,084 | $13.5M | Reduce -9.0% |
| GILD Gilead Sciences Inc. | 0.35% | 145,453 | $13.4M | Reduce -6.7% |
| NEE Nextera Energy Inc. | 0.34% | 185,417 | $13.3M | Reduce -1.8% |
| ALC Alcon Inc. filed as ALCON AG | 0.34% | 154,283 | $13.1M | Reduce -2.8% |
| UPS United Parcel Service Class B | 0.33% | 101,630 | $12.8M | Reduce -10.1% |
| IQV Iqvia Holdings Inc. | 0.33% | 64,265 | $12.6M | Reduce -2.8% |
| BURL Burlington Stores Inc. | 0.31% | 41,648 | $11.9M | Reduce -4.0% |
| MSCI MSCI Inc. | 0.31% | 19,709 | $11.8M | Reduce -8.0% |
| HXL Hexcel Corp. | 0.30% | 181,778 | $11.4M | Reduce -36.6% |
| SBAC SBA Communications Corp. | 0.29% | 55,455 | $11.3M | Reduce -2.0% |
| MMSI Merit Medical Systems Inc. | 0.29% | 113,747 | $11.0M | Reduce -4.1% |
| ADSK Autodesk Inc. | 0.28% | 36,789 | $10.9M | Reduce -4.5% |
| CSCO Cisco Systems Inc. | 0.28% | 183,334 | $10.9M | Reduce -7.8% |
| INTU Intuit Inc. | 0.28% | 17,183 | $10.8M | Add +1085.0% |
| DT Dynatrace Inc. | 0.26% | 181,019 | $9.8M | Reduce -4.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 86,340 | $9.6M | Reduce -7.8% |
| URI United Rentals Inc. | 0.23% | 12,699 | $8.9M | New |
| PEN Penumbra Inc. | 0.23% | 37,547 | $8.9M | Reduce -3.9% |
Portfolio Sells Q3 2024 → Q4 2024
| ELV Elevance Health Inc. | Reduce -26.9% | 0.70% | −0.58 |
| VZ Verizon Communications Inc. | Reduce -92.3% | 0.03% | −0.42 |
| APTV Aptiv PLC | Reduce -68.5% | 0.16% | −0.40 |
| AMT American Tower Corp. | Reduce -7.6% | 0.86% | −0.26 |
| WM Waste Management Inc. | Reduce -53.9% | 0.23% | −0.26 |
| BALL Ball Corp. | Reduce -19.3% | 0.55% | −0.24 |
| TSCO Tractor Supply Company | Reduce -94.9% | 0.01% | −0.23 |
| ADBE Adobe Inc. | Reduce -5.3% | 1.34% | −0.22 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.0% | 1.12% | −0.21 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -4.7% | 1.14% | −0.21 |
| ACN Accenture PLC Class A | Reduce -24.2% | 0.78% | −0.20 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −0.20 |
| BFAM Bright Horizons Family Solut | Reduce -2.8% | 0.82% | −0.19 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -4.2% | 0.93% | −0.18 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.8% | 0.52% | −0.17 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.17 |
| UL Unilever PLC | Reduce -4.7% | 1.16% | −0.16 |
| DAR Darling Ingredients Inc. | Reduce -68.6% | 0.06% | −0.14 |
| PLD Prologis Inc. | Reduce -6.0% | 0.71% | −0.14 |
| HXL Hexcel Corp. | Reduce -36.6% | 0.30% | −0.14 |
| JLL Jones Lang Lasalle Inc. | Reduce -11.6% | 0.95% | −0.14 |
| IPGP Ipg Photonics Corp. | Reduce -39.3% | 0.22% | −0.13 |
| BDX Becton Dickinson and Co. | Reduce -88.8% | 0.02% | −0.13 |
| AWK American Water Works Co. Inc. | Reduce -0.2% | 1.05% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -3.4% | 0.98% | −0.12 |
| IFF Intl Flavors & Fragrances | Reduce -6.8% | 0.44% | −0.12 |
| LEVI Levi Strauss & Co. Class A | Sold out | 0.00% | −0.11 |
| ECL Ecolab Inc. | Reduce -4.8% | 1.27% | −0.11 |
| LTC LTC Properties Inc. | Sold out | 0.00% | −0.11 |
| HMN Horace Mann Educators | Sold out | 0.00% | −0.10 |
| ERII Energy Recovery Inc. | Sold out | 0.00% | −0.09 |
| BJ Bj's Wholesale Club Holdings | Reduce -42.1% | 0.18% | −0.09 |
| FERG Ferguson Enterprises Inc. | Reduce -4.3% | 0.71% | −0.09 |
| UNP Union Pacific Corp. | Reduce -7.5% | 0.77% | −0.08 |
| TTEK Tetra Tech Inc. | Reduce -2.6% | 0.53% | −0.08 |
| AVY Avery Dennison Corp. | Reduce -9.0% | 0.35% | −0.08 |
| NXPI NXP Semiconductors NV | Reduce -1.0% | 0.75% | −0.08 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -5.6% | 0.92% | −0.08 |
| XYL Xylem Inc. | Reduce -2.2% | 0.60% | −0.08 |
| ORA Ormat Technologies Inc. | Reduce -4.8% | 0.52% | −0.07 |
| IQV Iqvia Holdings Inc. | Reduce -2.8% | 0.33% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -1.2% | 0.53% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.7% | 1.10% | −0.06 |
| ALC Alcon Inc. | Reduce -2.8% | 0.34% | −0.05 |
| HASI Ha Sustainable Infrastructur | Reduce -8.3% | 0.15% | −0.05 |
| NKE Nike Inc. Class B | Reduce -9.1% | 0.23% | −0.05 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -8.2% | 0.17% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -1.8% | 0.34% | −0.05 |
| UPS United Parcel Service Class B | Reduce -10.1% | 0.33% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| LULU Lululemon Athletica Inc. | Add +5.4% | 1.17% | +0.42 |
| PCTY Paylocity Holding Corp. | Add +194.7% | 0.52% | +0.38 |
| CMG Chipotle Mexican Grill Inc. | Add +20.0% | 1.25% | +0.31 |
| SPOT Spotify Technology SA | Add +36.0% | 0.62% | +0.26 |
| INTU Intuit Inc. | Add +1085.0% | 0.28% | +0.26 |
| CDNS Cadence Design SYS Inc. | Add +43.3% | 0.62% | +0.25 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +107.0% | 0.44% | +0.24 |
| URI United Rentals Inc. | New | 0.23% | +0.23 |
| DECK Deckers Outdoor Corp. | Add +0.3% | 0.72% | +0.19 |
| V Visa Inc. Class A | Add +1.1% | 1.00% | +0.19 |
| MELI MercadoLibre Inc. | Add +82.0% | 0.44% | +0.17 |
| MAR Marriott International Class A | Add +10.4% | 0.55% | +0.13 |
| PLMR Palomar Holdings Inc. | New | 0.12% | +0.12 |
| TREX Trex Company Inc. | Add +28.5% | 0.37% | +0.11 |
| ELF Elf Beauty Inc. | New | 0.09% | +0.09 |
| SYY Sysco Corp. | Add +23.3% | 0.39% | +0.08 |
| LW Lamb Weston Holdings Inc. | Add +13.7% | 0.39% | +0.07 |
| BKNG Booking Holdings Inc. | New | 0.07% | +0.07 |
| FITB Fifth Third Bancorp | Add +11.4% | 0.49% | +0.07 |
| DPZ Domino's Pizza Inc. | Add +45.3% | 0.20% | +0.07 |
| NVT Nvent Electric PLC | Add +11.9% | 0.43% | +0.06 |
| NGVT Ingevity Corp. | Add +51.2% | 0.12% | +0.05 |
| NXT Nextpower Inc. | Add +51.3% | 0.12% | +0.04 |
| CVLC Calvert US L-C CR Resp Index | New | 0.04% | +0.04 |
| OMCL Omnicell Inc. | Add +12.5% | 0.17% | +0.03 |
| ICLR Icon PLC | Add +50.2% | 0.21% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +49.5% | 0.05% | +0.02 |
| FWONK Liberty Media Corp. Class C | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.01% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +31.3% | 0.02% | +0.00 |
| AXP American Express Co. | Add +1.4% | 0.02% | +0.00 |
| DRI Darden Restaurants Inc. | Add +1.0% | 0.01% | +0.00 |
| SCHH Schwab US REIT ETF | Add +9.1% | 0.04% | +0.00 |
| ORCL Oracle Corp. | Add +1.0% | 0.04% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +1.4% | 0.01% | +0.00 |
| DE Deere & Co. | Add +0.6% | 0.02% | +0.00 |
| ADP Automatic Data Processing | Add +1.3% | 0.01% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +0.5% | 0.03% | +0.00 |
| GLW Corning Inc. | Add +0.5% | 0.01% | +0.00 |
| SPGI S&P Global Inc. | Add +0.3% | 0.02% | +0.00 |
| MCD McDonald's Corp. | Add +0.6% | 0.01% | +0.00 |
| HIG Hartford Insurance Group Inc. | Add +1.4% | 0.01% | 0.00 |
| ABBV Abbvie Inc. | Add +2.7% | 0.01% | −0.00 |
| LOW Lowe's Cos Inc. | Add +0.1% | 0.01% | −0.00 |
| CAT Caterpillar Inc. | Add +0.4% | 0.02% | −0.00 |
| PEP Pepsico Inc. | Add +1.7% | 0.01% | −0.00 |
| CL Colgate-Palmolive Co. | Add +1.4% | 0.01% | −0.00 |
| AMGN Amgen Inc. | Add +4.2% | 0.01% | −0.00 |
| TMDX Transmedics Group Inc. | Add +41.8% | 0.05% | −0.04 |
| LIN Linde PLC | Add +2.1% | 0.69% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 230 | $3.3B | NVDA, GOOGL, AAPL, MSFT, PANW |
| Q1 2026 | 230 | $3.0B | NVDA, GOOGL, MSFT, AAPL, TJX |
| Q4 2025 | 232 | $3.3B | NVDA, MSFT, GOOGL, AAPL, MA |
| Q3 2025 | 233 | $3.8B | NVDA, MSFT, GOOGL, AAPL, MA |
| Q2 2025 | 229 | $3.7B | MSFT, NVDA, AAPL, GOOGL, MA |
| Q1 2025 | 226 | $3.5B | MSFT, NVDA, AAPL, GOOGL, MA |
| Q4 2024 | 232 | $3.9B | MSFT, NVDA, AAPL, GOOGL, MA |
| Q3 2024 | 240 | $4.1B | MSFT, NVDA, AAPL, GOOGL, MA |
| Q2 2024 | 236 | $4.0B | MSFT, NVDA, GOOGL, AAPL, MA |
| Q1 2024 | 235 | $3.9B | MSFT, NVDA, GOOGL, AAPL, MA |