Trillium Asset Management, LLC

Name: TRILLIUM ASSET MANAGEMENT, LLC 13F holdings, Q4 2025
Creator: TRILLIUM ASSET MANAGEMENT, LLC
Published: 2026-02-13

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Trillium Asset Management, LLC reported 232 stock positions worth $3.3 billion. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Alphabet Class A (GOOGL, 5.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 7, added to 14 and reduced 187. The biggest buy was a new position in Ares Management Class A (ARES) and the biggest sale Microsoft (MSFT, shares −16%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0000884541
Portfolio Value: $3.3B (Q4 2025)
SEC Filing: 0000884541-26-000002 ↗ filed Feb 13, 2026

Holdings Value

Holdings 232 stocks · $3.3B


NVDA Nvidia Corp.	7.39%	1,275,697	$241.5M	Reduce -17.0%
MSFT Microsoft Corp.	6.66%	443,378	$217.5M	Reduce -16.1%
GOOGL Alphabet Inc. Class A	5.77%	593,612	$188.6M	Reduce -19.3%
AAPL Apple Inc.	4.64%	548,885	$151.6M	Reduce -17.6%
MA Mastercard Inc. Class A	2.21%	124,629	$72.2M	Reduce -17.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.94%	405,966	$63.5M	Reduce -22.6%
PANW Palo Alto Networks Inc.	1.67%	292,513	$54.5M	Reduce -14.1%
NOW ServiceNow Inc.	1.60%	337,045	$52.3M	Reduce -13.8%
TSM Taiwan Semiconductor-SP ADR	1.56%	165,985	$51.0M	Reduce -14.8%
ECL Ecolab Inc.	1.48%	181,469	$48.2M	Reduce -13.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.43%	837,617	$46.9M	Reduce -3.6%
ASML ASML Holding NV-NY Reg SHS	1.43%	43,048	$46.8M	Reduce -18.3%
AZN Astrazeneca PLC-Spons ADR	1.37%	481,980	$44.8M	Reduce -16.3%
PNC PNC Financial Services Group	1.34%	207,227	$43.8M	Reduce -18.1%
COST Costco Wholesale Corp.	1.30%	48,412	$42.6M	Reduce -20.5%
NFLX Netflix Inc.	1.17%	403,191	$38.4M	Reduce -16.6%
TT Trane Technologies PLC	1.16%	95,583	$37.8M	Reduce -17.1%
FSLR First Solar Inc.	1.15%	142,545	$37.6M	Reduce -17.3%
INTU Intuit Inc.	1.15%	55,658	$37.5M	Reduce -0.8%
ICE Intercontinental Exchange Inc.	1.07%	212,759	$35.0M	Reduce -20.3%
JLL Jones Lang Lasalle Inc.	1.04%	99,003	$33.9M	Reduce -17.9%
ETN Eaton Corp. PLC	1.03%	103,598	$33.6M	Reduce -23.7%
UL Unilever PLC-Sponsored ADR	0.99%	484,479	$32.2M	Reduce -13.8%
MELI MercadoLibre Inc.	0.95%	15,308	$31.2M	Reduce -11.1%
TRV The Travelers Cos Inc.	0.95%	105,715	$30.9M	Reduce -21.1%
V Visa Inc. Class A	0.94%	86,066	$30.7M	Reduce -13.1%
AWK American Water Works Co. Inc.	0.94%	232,962	$30.7M	Reduce -15.5%
UNP Union Pacific Corp.	0.93%	129,182	$30.4M	Reduce -16.1%
MKC McCormick & Co.-Non VTG SHRS	0.90%	426,212	$29.4M	Reduce -14.7%
PLD Prologis Inc.	0.90%	227,614	$29.4M	Reduce -13.6%
WAB Wabtec Corp.	0.90%	135,775	$29.3M	Reduce -11.9%
CDNS Cadence Design SYS Inc.	0.89%	91,334	$28.9M	Add +8.6%
VRTX Vertex Pharmaceuticals Inc.	0.87%	62,693	$28.6M	Reduce -8.3%
HD Home Depot Inc.	0.86%	80,340	$28.0M	Add +0.8%
LPLA LPL Financial Holdings Inc.	0.82%	74,280	$26.8M	Add +17.3%
SYK Stryker Corp.	0.82%	74,472	$26.7M	Reduce -16.0%
FERG Ferguson Enterprises Inc.	0.82%	117,392	$26.6M	Reduce -19.9%
LIN Linde PLC	0.80%	59,976	$26.1M	Add +4.3%
BKNG Booking Holdings Inc.	0.80%	4,759	$26.0M	Reduce -3.0%
SPOT Spotify Technology SA	0.78%	43,418	$25.5M	Reduce -35.6%
NXPI NXP Semiconductors NV	0.78%	114,937	$25.5M	Reduce -16.5%
JBHT Hunt (jb) Transprt SVCS Inc.	0.75%	123,758	$24.6M	Reduce -11.4%
BFAM Bright Horizons Family Solut	0.73%	233,517	$24.0M	Reduce -16.4%
EHC Encompass Health Corp.	0.72%	217,734	$23.4M	Add +5.7%
FITB Fifth Third Bancorp	0.71%	487,942	$23.4M	Reduce -10.4%
ARES Ares Management Corp. Class A	0.71%	141,259	$23.1M	New
SHOP Shopify Inc. Class A	0.70%	140,147	$22.7M	Reduce -28.6%
CMG Chipotle Mexican Grill Inc.	0.69%	599,597	$22.5M	Reduce -23.3%
XYL Xylem Inc.	0.66%	156,502	$21.6M	Reduce -20.9%
VMI Valmont Industries	0.62%	49,474	$20.3M	Reduce -8.2%
ALLY Ally Financial Inc.	0.62%	435,643	$20.2M	Reduce -12.7%
ORA Ormat Technologies Inc.	0.61%	179,073	$20.1M	Reduce -27.1%
URI United Rentals Inc.	0.61%	24,029	$19.9M	Add +3.9%
TMO Thermo Fisher Scientific Inc.	0.61%	33,939	$19.9M	Reduce -7.8%
AZO AutoZone Inc.	0.59%	5,581	$19.3M	Reduce -9.8%
EWBC East West Bancorp Inc.	0.59%	165,668	$19.1M	Reduce -22.6%
AMAT Applied Materials Inc.	0.58%	71,324	$18.8M	Reduce -14.8%
DSI iShares ESG MSCI KLD 400 ETF	0.54%	136,825	$17.7M	Add +75.0%
VRSK Verisk Analytics Inc.	0.53%	75,272	$17.3M	Reduce -11.6%
LULU Lululemon Athletica Inc.	0.52%	80,825	$17.0M	Reduce -21.1%
EQIX Equinix Inc.	0.51%	21,497	$16.8M	Reduce -18.8%
PWR Quanta Services Inc.	0.50%	38,005	$16.3M	Reduce -38.2%
DECK Deckers Outdoor Corp.	0.48%	147,925	$15.6M	Reduce -20.6%
MAR Marriott International Class A	0.48%	49,345	$15.6M	Reduce -26.3%
BSX Boston Scientific Corp.	0.48%	160,344	$15.6M	Reduce -11.8%
AFL Aflac Inc.	0.47%	137,102	$15.4M	Reduce -9.9%
NVT Nvent Electric PLC	0.47%	148,306	$15.4M	Reduce -37.0%
SBUX Starbucks Corp.	0.45%	174,281	$14.8M	Reduce -5.5%
PG The Procter & Gamble Co.	0.45%	99,635	$14.6M	Reduce -19.5%
AMT American Tower Corp.	0.43%	78,905	$13.9M	Reduce -16.6%
TTEK Tetra Tech Inc.	0.41%	391,329	$13.3M	Reduce -6.5%
PCTY Paylocity Holding Corp.	0.41%	85,192	$13.2M	Reduce -15.6%
NEE Nextera Energy Inc.	0.37%	145,739	$12.1M	Reduce -15.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.37%	103,087	$12.1M	Reduce -31.3%
ALC Alcon Inc. filed as ALCON AG	0.37%	150,490	$12.0M	Reduce -27.5%
ISRG Intuitive Surgical Inc.	0.36%	20,382	$11.8M	Reduce -11.6%
MYRG MYR Group Inc./Delaware	0.36%	52,408	$11.7M	Reduce -41.9%
CMS CMS Energy Corp.	0.34%	151,220	$11.0M	Reduce -13.3%
MRK Merck & Co. Inc.	0.31%	96,193	$10.2M	Reduce -8.6%
GILD Gilead Sciences Inc.	0.31%	78,655	$10.1M	Reduce -20.2%
WBS Webster Financial Corp.	0.31%	153,353	$10.0M	Add +5.3%
NXT Nextpower Inc.	0.30%	109,570	$9.7M	Reduce -12.6%
PGR Progressive Corp.	0.30%	40,949	$9.7M	Reduce -34.7%
SITM Sitime Corp.	0.28%	24,913	$9.1M	Reduce -44.5%
NYT New York Times Co. Class A	0.28%	126,575	$9.1M	Reduce -16.5%
ADSK Autodesk Inc.	0.28%	30,353	$9.1M	Reduce -8.9%
DE Deere & Co.	0.27%	19,043	$8.9M	Reduce -2.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.27%	33,268	$8.8M	Reduce -30.4%
LECO Lincoln Electric Holdings	0.27%	35,286	$8.8M	Reduce -16.9%
NVO Novo-Nordisk A/S-Spons ADR	0.26%	167,334	$8.6M	Reduce -11.5%
CYBR Cyberark Software Ltd./Israel	0.26%	18,610	$8.6M	Reduce -38.4%
AVY Avery Dennison Corp.	0.26%	44,907	$8.5M	Reduce -34.7%
MMSI Merit Medical Systems Inc.	0.25%	87,721	$8.0M	Reduce -16.1%
ELV Elevance Health Inc.	0.24%	22,590	$7.9M	Reduce -23.3%
BURL Burlington Stores Inc.	0.24%	26,331	$7.9M	Reduce -16.5%
LW Lamb Weston Holdings Inc.	0.24%	181,260	$7.7M	Reduce -15.7%
SYY Sysco Corp.	0.24%	99,996	$7.7M	Reduce -35.3%
TRMB Trimble Inc.	0.22%	88,548	$7.2M	Reduce -16.4%
TGT Target Corp.	0.21%	69,421	$6.8M	Reduce -12.9%
IHG Intercontinental Hotels-ADR	0.21%	46,061	$6.8M	Reduce -16.0%

Show all 232 holdings

Portfolio Sells Q3 2025 → Q4 2025


MSFT Microsoft Corp.	Reduce -16.1%	6.66%	−0.57
SPOT Spotify Technology SA	Reduce -35.6%	0.78%	−0.46
ACN Accenture PLC Class A	Reduce -93.4%	0.04%	−0.39
NFLX Netflix Inc.	Reduce -16.6%	1.17%	−0.36
ETN Eaton Corp. PLC	Reduce -23.7%	1.03%	−0.31
NOW ServiceNow Inc.	Reduce -13.8%	1.60%	−0.30
IFF Intl Flavors & Fragrances	Reduce -95.7%	0.02%	−0.26
COST Costco Wholesale Corp.	Reduce -20.5%	1.30%	−0.19
NVDA Nvidia Corp.	Reduce -17.0%	7.39%	−0.18
PWR Quanta Services Inc.	Reduce -38.2%	0.50%	−0.18
PANW Palo Alto Networks Inc.	Reduce -14.1%	1.67%	−0.16
NVT Nvent Electric PLC	Reduce -37.0%	0.47%	−0.14
MYRG MYR Group Inc./Delaware	Reduce -41.9%	0.36%	−0.14
TT Trane Technologies PLC	Reduce -17.1%	1.16%	−0.13
CYBR Cyberark Software Ltd./Israel	Reduce -38.4%	0.26%	−0.12
AJG Arthur J Gallagher & Co.	Reduce -30.4%	0.27%	−0.12
CMG Chipotle Mexican Grill Inc.	Reduce -23.3%	0.69%	−0.12
ICE Intercontinental Exchange Inc.	Reduce -20.3%	1.07%	−0.12
PGR Progressive Corp.	Reduce -34.7%	0.30%	−0.11
AZO AutoZone Inc.	Reduce -9.8%	0.59%	−0.11
MELI MercadoLibre Inc.	Reduce -11.1%	0.95%	−0.11
XYL Xylem Inc.	Reduce -20.9%	0.66%	−0.11
TREX Trex Company Inc.	Reduce -18.9%	0.19%	−0.10
SYY Sysco Corp.	Reduce -35.3%	0.24%	−0.10
UNH Unitedhealth Group Inc.	Reduce -45.2%	0.16%	−0.10
LW Lamb Weston Holdings Inc.	Reduce -15.7%	0.24%	−0.09
SITM Sitime Corp.	Reduce -44.5%	0.28%	−0.08
SHOP Shopify Inc. Class A	Reduce -28.6%	0.70%	−0.08
AWK American Water Works Co. Inc.	Reduce -15.5%	0.94%	−0.07
ELF Elf Beauty Inc.	Reduce -25.0%	0.08%	−0.07
BFAM Bright Horizons Family Solut	Reduce -16.4%	0.73%	−0.07
ADI Analog Devices Inc.	Reduce -69.8%	0.05%	−0.07
MA Mastercard Inc. Class A	Reduce -17.7%	2.21%	−0.06
BNY Bank of New York Mellon Corp.	Reduce -31.3%	0.37%	−0.06
TJX TJX Companies Inc.	Reduce -22.6%	1.94%	−0.06
PG The Procter & Gamble Co.	Reduce -19.5%	0.45%	−0.06
SF Stifel Financial Corp.	Reduce -42.7%	0.18%	−0.06
AMT American Tower Corp.	Reduce -16.6%	0.43%	−0.05
FERG Ferguson Enterprises Inc.	Reduce -19.9%	0.82%	−0.05
NXPI NXP Semiconductors NV	Reduce -16.5%	0.78%	−0.05
SYK Stryker Corp.	Reduce -16.0%	0.82%	−0.05
FISV Fiserv Inc.	Sold out	0.00%	−0.04
ECL Ecolab Inc.	Reduce -13.4%	1.48%	−0.04
TRV The Travelers Cos Inc.	Reduce -21.1%	0.95%	−0.04
ALC Alcon Inc.	Reduce -27.5%	0.37%	−0.04
VRSK Verisk Analytics Inc.	Reduce -11.6%	0.53%	−0.04
EQIX Equinix Inc.	Reduce -18.8%	0.51%	−0.03
AVY Avery Dennison Corp.	Reduce -34.7%	0.26%	−0.03
DT Dynatrace Inc.	Reduce -21.2%	0.18%	−0.03
UNP Union Pacific Corp.	Reduce -16.1%	0.93%	−0.03

Portfolio Buys Q3 2025 → Q4 2025


ARES Ares Management Corp. Class A	New	0.71%	+0.71
DSI iShares ESG MSCI KLD 400 ETF	Add +75.0%	0.54%	+0.28
LPLA LPL Financial Holdings Inc.	Add +17.3%	0.82%	+0.26
WAT Waters Corp.	Add +581.0%	0.14%	+0.13
CDNS Cadence Design SYS Inc.	Add +8.6%	0.89%	+0.10
FWONK Liberty Media Corp. Class C	Add +1288.0%	0.11%	+0.10
VRNS Varonis Systems Inc.	New	0.08%	+0.08
WBS Webster Financial Corp.	Add +5.3%	0.31%	+0.08
LIN Linde PLC	Add +4.3%	0.80%	+0.08
HLN Haleon PLC-ADR	New	0.07%	+0.07
CVLC Calvert US L-C CR Resp Index	Add +44.6%	0.08%	+0.04
EHC Encompass Health Corp.	Add +5.7%	0.72%	+0.03
URI United Rentals Inc.	Add +3.9%	0.61%	+0.03
SPY SS SPDR S&P 500 ETF Trust-US	Add +12.1%	0.07%	+0.02
VITL Vital Farms Inc.	Add +34.0%	0.08%	+0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd	New	0.01%	+0.01
STT State Street Corp.	New	0.01%	+0.01
AMZN Amazon.com Inc.	Add +8.4%	0.03%	+0.01
KLAC KLA Corp.	New	0.01%	+0.01
HD Home Depot Inc.	Add +0.8%	0.86%	+0.01

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