Trillium Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Trillium Asset Management, LLC reported 229 stock positions worth $3.7 billion. Its top holding was Microsoft (MSFT) at 7.4% of the portfolio, followed by Nvidia (NVDA, 6.7%) and Apple (AAPL, 3.8%). Compared with Q1 2025, it opened 7 new positions, sold out of 4, added to 46 and reduced 153. The biggest buy was Intuit (INTU, shares +40%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000884541
- Portfolio Value
- $3.7B (Q2 2025)
- SEC Filing
- 0001085146-25-004557 ↗ filed Aug 6, 2025
Holdings Value
Holdings 229 stocks · $3.7B
| MSFT Microsoft Corp. | 7.42% | 554,720 | $275.9M | Reduce -4.1% |
| NVDA Nvidia Corp. | 6.67% | 1,570,179 | $248.1M | Reduce -1.6% |
| AAPL Apple Inc. | 3.78% | 684,369 | $140.4M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 3.74% | 789,377 | $139.1M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 2.33% | 154,418 | $86.8M | Reduce -6.4% |
| NOW ServiceNow Inc. | 2.01% | 72,565 | $74.6M | Reduce -5.2% |
| NFLX Netflix Inc. | 1.80% | 49,979 | $66.9M | Reduce -5.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.80% | 540,937 | $66.8M | Reduce -5.4% |
| PANW Palo Alto Networks Inc. | 1.78% | 323,982 | $66.3M | Reduce -4.4% |
| COST Costco Wholesale Corp. | 1.65% | 62,037 | $61.4M | Reduce -4.1% |
| ECL Ecolab Inc. | 1.56% | 214,585 | $57.8M | Add +1.0% |
| SPOT Spotify Technology SA | 1.52% | 73,440 | $56.4M | Reduce -9.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.45% | 238,106 | $53.9M | Reduce -3.4% |
| TT Trane Technologies PLC | 1.39% | 118,211 | $51.7M | Reduce -6.3% |
| ICE Intercontinental Exchange Inc. | 1.34% | 272,010 | $49.9M | Add +12.1% |
| ETN Eaton Corp. PLC | 1.32% | 137,486 | $49.1M | Reduce -4.2% |
| PNC PNC Financial Services Group | 1.30% | 258,252 | $48.1M | Reduce -4.8% |
| MELI MercadoLibre Inc. | 1.24% | 17,578 | $46.0M | Reduce -3.1% |
| CMG Chipotle Mexican Grill Inc. | 1.22% | 809,307 | $45.4M | Reduce -3.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.15% | 53,487 | $42.9M | Reduce -4.1% |
| AWK American Water Works Co. Inc. | 1.13% | 301,502 | $41.9M | Reduce -4.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.12% | 879,615 | $41.6M | Reduce -2.2% |
| AZN Astrazeneca PLC-Spons ADR | 1.10% | 585,898 | $40.9M | Reduce -9.8% |
| UL Unilever PLC | 1.06% | 644,614 | $39.4M | Reduce -11.8% |
| TRV The Travelers Cos Inc. | 1.06% | 147,353 | $39.4M | Reduce -7.4% |
| MKC McCormick & Co.-Non VTG SHRS | 1.04% | 511,553 | $38.8M | Reduce -4.4% |
| UNP Union Pacific Corp. | 1.02% | 165,245 | $38.0M | Reduce -4.3% |
| V Visa Inc. Class A | 0.98% | 103,072 | $36.6M | Reduce -10.3% |
| WAB Wabtec Corp. | 0.96% | 171,294 | $35.9M | Reduce -7.6% |
| SYK Stryker Corp. | 0.96% | 90,546 | $35.8M | Reduce -7.7% |
| BFAM Bright Horizons Family Solut | 0.94% | 283,015 | $35.0M | Reduce -4.3% |
| FERG Ferguson Enterprises Inc. | 0.88% | 149,527 | $32.6M | Reduce -1.6% |
| INTU Intuit Inc. | 0.85% | 40,150 | $31.6M | Add +40.0% |
| JLL Jones Lang Lasalle Inc. | 0.85% | 123,152 | $31.5M | Reduce -3.3% |
| FSLR First Solar Inc. | 0.82% | 184,223 | $30.5M | Add +2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.82% | 74,825 | $30.3M | Reduce -6.8% |
| HD Home Depot Inc. | 0.80% | 80,657 | $29.6M | Reduce -2.6% |
| NXPI NXP Semiconductors NV | 0.77% | 131,524 | $28.7M | Reduce -2.9% |
| PLD Prologis Inc. | 0.76% | 269,547 | $28.3M | Add +6.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.74% | 61,474 | $27.4M | Add +10.1% |
| LIN Linde PLC | 0.73% | 58,197 | $27.3M | Reduce -4.5% |
| CDNS Cadence Design SYS Inc. | 0.72% | 86,690 | $26.7M | Reduce -5.0% |
| VRSK Verisk Analytics Inc. | 0.72% | 85,657 | $26.7M | Reduce -4.8% |
| XYL Xylem Inc. | 0.70% | 200,312 | $25.9M | Reduce -3.1% |
| PWR Quanta Services Inc. | 0.69% | 67,958 | $25.7M | Reduce -2.7% |
| LULU Lululemon Athletica Inc. | 0.68% | 106,512 | $25.3M | Reduce -6.6% |
| EHC Encompass Health Corp. | 0.68% | 205,323 | $25.2M | Add +27.7% |
| BKNG Booking Holdings Inc. | 0.67% | 4,284 | $24.8M | Add +2.9% |
| SHOP Shopify Inc. Class A | 0.65% | 210,722 | $24.3M | Reduce -7.9% |
| LPLA LPL Financial Holdings Inc. | 0.65% | 64,347 | $24.1M | Reduce -3.4% |
| AZO AutoZone Inc. | 0.63% | 6,306 | $23.4M | Reduce -2.7% |
| ORA Ormat Technologies Inc. | 0.62% | 276,724 | $23.2M | Reduce -4.2% |
| FITB Fifth Third Bancorp | 0.61% | 553,632 | $22.8M | Add +26.6% |
| AFL Aflac Inc. | 0.60% | 210,771 | $22.2M | Reduce -4.6% |
| EWBC East West Bancorp Inc. | 0.59% | 218,072 | $22.0M | Reduce -7.6% |
| ACN Accenture PLC Class A | 0.59% | 73,610 | $22.0M | Reduce -5.0% |
| EQIX Equinix Inc. | 0.57% | 26,703 | $21.2M | Reduce -1.9% |
| PGR Progressive Corp. | 0.56% | 77,944 | $20.8M | Reduce -3.9% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.54% | 140,897 | $20.2M | Reduce -12.6% |
| PG The Procter & Gamble Co. | 0.54% | 125,527 | $20.0M | Reduce -5.9% |
| ALLY Ally Financial Inc. | 0.53% | 504,358 | $19.6M | Reduce -2.9% |
| BSX Boston Scientific Corp. | 0.53% | 182,799 | $19.6M | Add +1.0% |
| DECK Deckers Outdoor Corp. | 0.52% | 188,486 | $19.4M | Add +28.1% |
| AMT American Tower Corp. | 0.52% | 86,699 | $19.2M | Reduce -9.3% |
| MAR Marriott International Class A | 0.51% | 69,085 | $18.9M | Reduce -1.8% |
| PCTY Paylocity Holding Corp. | 0.50% | 102,149 | $18.5M | Reduce -2.7% |
| ALC Alcon Inc. filed as ALCON AG | 0.50% | 209,125 | $18.5M | Add +36.0% |
| VMI Valmont Industries | 0.48% | 54,635 | $17.8M | Reduce -3.3% |
| MYRG MYR Group Inc./Delaware | 0.47% | 97,302 | $17.7M | Reduce -20.4% |
| NVT Nvent Electric PLC | 0.47% | 238,296 | $17.5M | Reduce -1.7% |
| SBUX Starbucks Corp. | 0.47% | 190,243 | $17.4M | Reduce -4.9% |
| URI United Rentals Inc. | 0.44% | 21,653 | $16.3M | Add +36.3% |
| AMAT Applied Materials Inc. | 0.43% | 86,358 | $15.8M | Add +1.1% |
| TTEK Tetra Tech Inc. | 0.41% | 423,028 | $15.2M | Reduce -3.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 161,469 | $14.7M | Reduce -3.0% |
| SYY Sysco Corp. | 0.38% | 184,587 | $14.0M | Reduce -3.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.35% | 190,963 | $13.2M | Reduce -4.3% |
| ISRG Intuitive Surgical Inc. | 0.34% | 23,590 | $12.8M | Add +4212.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.34% | 172,469 | $12.7M | Reduce -16.6% |
| ELV Elevance Health Inc. | 0.34% | 32,344 | $12.6M | Reduce -2.1% |
| CYBR Cyberark Software Ltd./Israel | 0.34% | 30,686 | $12.5M | Reduce -5.5% |
| AVY Avery Dennison Corp. | 0.34% | 71,032 | $12.5M | Reduce -2.8% |
| NEE Nextera Energy Inc. | 0.33% | 175,553 | $12.2M | Reduce -1.4% |
| TREX Trex Company Inc. | 0.31% | 213,928 | $11.6M | Reduce -3.1% |
| GILD Gilead Sciences Inc. | 0.31% | 102,516 | $11.4M | Reduce -2.5% |
| LW Lamb Weston Holdings Inc. | 0.30% | 214,835 | $11.1M | Reduce -3.0% |
| ALGM Allegro Microsystems Inc. | 0.29% | 310,829 | $10.6M | Reduce -4.8% |
| DE Deere & Co. | 0.28% | 20,612 | $10.5M | Reduce -7.9% |
| ADSK Autodesk Inc. | 0.28% | 33,735 | $10.4M | Reduce -6.2% |
| MMSI Merit Medical Systems Inc. | 0.27% | 106,519 | $10.0M | Reduce -4.7% |
| SITM Sitime Corp. | 0.26% | 45,511 | $9.7M | Reduce -4.7% |
| DT Dynatrace Inc. | 0.25% | 169,875 | $9.4M | Reduce -4.6% |
| MRK Merck & Co. Inc. | 0.24% | 113,581 | $9.0M | Reduce -11.6% |
| LECO Lincoln Electric Holdings | 0.24% | 43,073 | $8.9M | Reduce -4.5% |
| TGT Target Corp. | 0.24% | 89,369 | $8.8M | Reduce -14.6% |
| UNH Unitedhealth Group Inc. | 0.23% | 27,873 | $8.7M | Add +11.4% |
| NYT New York Times Co. Class A | 0.23% | 154,433 | $8.6M | Reduce -5.0% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.23% | 72,647 | $8.4M | Reduce -31.2% |
| HDB HDFC Bank Ltd.-ADR | 0.23% | 109,816 | $8.4M | Reduce -7.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.22% | 46,336 | $8.3M | Reduce -4.5% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -2.5% | 3.78% | −0.71 |
| ADBE Adobe Inc. | Reduce -81.8% | 0.11% | −0.53 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.8% | 0.82% | −0.33 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -9.8% | 1.10% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -6.4% | 2.33% | −0.27 |
| LULU Lululemon Athletica Inc. | Reduce -6.6% | 0.68% | −0.25 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -4.4% | 1.04% | −0.22 |
| NKE Nike Inc. Class B | Reduce -91.2% | 0.02% | −0.21 |
| TJX TJX Companies Inc. | Reduce -5.4% | 1.80% | −0.21 |
| AWK American Water Works Co. Inc. | Reduce -4.0% | 1.13% | −0.20 |
| ROK Rockwell Automation Inc. | Reduce -88.2% | 0.03% | −0.20 |
| UL Unilever PLC | Reduce -11.8% | 1.06% | −0.19 |
| V Visa Inc. Class A | Reduce -10.3% | 0.98% | −0.17 |
| UNP Union Pacific Corp. | Reduce -4.3% | 1.02% | −0.15 |
| TRV The Travelers Cos Inc. | Reduce -7.4% | 1.06% | −0.15 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -12.6% | 0.54% | −0.14 |
| BFAM Bright Horizons Family Solut | Reduce -4.3% | 0.94% | −0.14 |
| HXL Hexcel Corp. | Reduce -47.5% | 0.14% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -47.4% | 0.17% | −0.14 |
| IFF Intl Flavors & Fragrances | Reduce -16.6% | 0.34% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -5.9% | 0.54% | −0.12 |
| AFL Aflac Inc. | Reduce -4.6% | 0.60% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -4.1% | 1.65% | −0.11 |
| ACN Accenture PLC Class A | Reduce -5.0% | 0.59% | −0.10 |
| PGR Progressive Corp. | Reduce -3.9% | 0.56% | −0.10 |
| SBUX Starbucks Corp. | Reduce -4.9% | 0.47% | −0.10 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -11.6% | 0.24% | −0.09 |
| SYK Stryker Corp. | Reduce -7.7% | 0.96% | −0.09 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -31.2% | 0.23% | −0.08 |
| AMT American Tower Corp. | Reduce -9.3% | 0.52% | −0.08 |
| LIN Linde PLC | Reduce -4.5% | 0.73% | −0.08 |
| AZO AutoZone Inc. | Reduce -2.7% | 0.63% | −0.08 |
| BURL Burlington Stores Inc. | Reduce -21.1% | 0.20% | −0.08 |
| HD Home Depot Inc. | Reduce -2.6% | 0.80% | −0.08 |
| TGT Target Corp. | Reduce -14.6% | 0.24% | −0.08 |
| PNC PNC Financial Services Group | Reduce -4.8% | 1.30% | −0.08 |
| ELV Elevance Health Inc. | Reduce -2.1% | 0.34% | −0.07 |
| MMSI Merit Medical Systems Inc. | Reduce -4.7% | 0.27% | −0.07 |
| PCTY Paylocity Holding Corp. | Reduce -2.7% | 0.50% | −0.07 |
| EQIX Equinix Inc. | Reduce -1.9% | 0.57% | −0.07 |
| JLL Jones Lang Lasalle Inc. | Reduce -3.3% | 0.85% | −0.06 |
| TREX Trex Company Inc. | Reduce -3.1% | 0.31% | −0.06 |
| VRSK Verisk Analytics Inc. | Reduce -4.8% | 0.72% | −0.05 |
| ICLR Icon PLC | Reduce -5.4% | 0.14% | −0.05 |
| SXT Sensient Technologies Corp. | Reduce -42.1% | 0.11% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.3% | 0.35% | −0.04 |
| PLMR Palomar Holdings Inc. | Reduce -28.4% | 0.13% | −0.04 |
| LW Lamb Weston Holdings Inc. | Reduce -3.0% | 0.30% | −0.04 |
| AVY Avery Dennison Corp. | Reduce -2.8% | 0.34% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| INTU Intuit Inc. | Add +40.0% | 0.85% | +0.34 |
| ISRG Intuitive Surgical Inc. | Add +4212.6% | 0.34% | +0.34 |
| EHC Encompass Health Corp. | Add +27.7% | 0.68% | +0.21 |
| FSLR First Solar Inc. | Add +2.2% | 0.82% | +0.16 |
| URI United Rentals Inc. | Add +36.3% | 0.44% | +0.15 |
| ICE Intercontinental Exchange Inc. | Add +12.1% | 1.34% | +0.14 |
| FITB Fifth Third Bancorp | Add +26.6% | 0.61% | +0.12 |
| BKNG Booking Holdings Inc. | Add +2.9% | 0.67% | +0.12 |
| LAMR Lamar Advertising Co. Class A | New | 0.09% | +0.09 |
| ALC Alcon Inc. | Add +36.0% | 0.50% | +0.08 |
| AMAT Applied Materials Inc. | Add +1.1% | 0.43% | +0.07 |
| DECK Deckers Outdoor Corp. | Add +28.1% | 0.52% | +0.05 |
| CAVA Cava Group Inc. | Add +48.4% | 0.17% | +0.04 |
| ORCL Oracle Corp. | Add +13.0% | 0.05% | +0.02 |
| AVGO Broadcom Inc. | New | 0.01% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | New | 0.01% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +1.9% | 0.08% | +0.01 |
| HUBB Hubbell Inc. | New | 0.01% | +0.01 |
| T AT&T Inc. | New | 0.01% | +0.01 |
| ITRI Itron Inc. | New | 0.01% | +0.01 |
| WMT Walmart Inc. | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 0.06% | +0.01 |
| ECL Ecolab Inc. | Add +1.0% | 1.56% | +0.01 |
| CVLC Calvert US L-C CR Resp Index | Add +6.7% | 0.05% | +0.01 |
| DIS The Walt Disney Co. | Add +9.0% | 0.02% | +0.00 |
| GE General Electric | Add +3.7% | 0.02% | +0.00 |
| AXP American Express Co. | Add +12.1% | 0.02% | +0.00 |
| META Meta Platforms Inc. Class A | Add +4.5% | 0.02% | +0.00 |
| AMD Advanced Micro Devices | Add +4.0% | 0.02% | +0.00 |
| BSX Boston Scientific Corp. | Add +1.0% | 0.53% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +17.4% | 0.01% | +0.00 |
| IBM Intl Business Machines Corp. | Add +3.4% | 0.02% | +0.00 |
| LLY Eli Lilly & Co. | Add +42.4% | 0.01% | +0.00 |
| AMZN Amazon.com Inc. | Add +1.8% | 0.02% | +0.00 |
| ADP Automatic Data Processing | Add +26.1% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +25.5% | 0.03% | +0.00 |
| ABT Abbott Laboratories | Add +10.6% | 0.02% | +0.00 |
| TXN Texas Instruments Inc. | Add +4.4% | 0.01% | +0.00 |
| EMR Emerson Electric Co. | Add +0.3% | 0.01% | +0.00 |
| LOW Lowe's Cos Inc. | Add +29.7% | 0.01% | +0.00 |
| HUM Humana Inc. | Add +18.7% | 0.01% | +0.00 |
| DCI Donaldson Co. Inc. | Add +5.8% | 0.01% | +0.00 |
| ALL Allstate Corp. | Add +6.8% | 0.01% | −0.00 |
| ROP Roper Technologies Inc. | Add +9.6% | 0.03% | −0.00 |
| SPGI S&P Global Inc. | Add +1.5% | 0.03% | −0.00 |
| MCD McDonald's Corp. | Add +9.4% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Add +0.2% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Add +0.9% | 0.01% | −0.00 |
| JNJ Johnson & Johnson | Add +0.1% | 0.05% | −0.01 |
| FISV Fiserv Inc. | Add +6.4% | 0.06% | −0.02 |
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 |