Triodos Investment Management BV
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Triodos Investment Management BV reported 49 stock positions worth $1.2 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Advanced Drainage Systems (WMS, 5.0%) and Mastercard Class A (MA, 4.1%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 25 and reduced 11. The biggest buy was a new position in Carlisle Cos (CSL) and the biggest sale eBay (EBAY, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- DRIEBERGEN-RIJSENBURG, P7
- CIK
- 0001748729
- Portfolio Value
- $1.2B (Q4 2024)
- SEC Filing
- 0001748729-25-000004 ↗ filed Feb 12, 2025
Holdings Value
Holdings 49 stocks · $1.2B
| NVDA Nvidia Corp. | 5.64% | 519,570 | $69.8M | Reduce -12.1% |
| WMS Advanced Drainage Systems Inc. | 5.05% | 539,811 | $62.4M | Add +12.6% |
| MA Mastercard Inc. Class A | 4.14% | 97,264 | $51.2M | Add +0.1% |
| ISRG Intuitive Surgical Inc. | 3.84% | 91,037 | $47.5M | Reduce -12.2% |
| KLAC KLA Corp. | 3.79% | 74,351 | $46.9M | Add +19.7% |
| TSM Taiwan Semiconductor-SP ADR | 3.74% | 233,953 | $46.2M | Reduce -0.3% |
| DE Deere & Co. | 3.51% | 102,450 | $43.4M | Add +0.1% |
| PG The Procter & Gamble Co. | 3.49% | 257,395 | $43.2M | Reduce -7.2% |
| EBAY eBay Inc. | 3.30% | 657,998 | $40.8M | Reduce -7.4% |
| PANW Palo Alto Networks Inc. | 3.27% | 222,500 | $40.5M | Add +1.0% |
| ADBE Adobe Inc. | 3.10% | 86,137 | $38.3M | No change |
| GEN Gen Digital Inc. | 3.07% | 1,388,538 | $38.0M | Reduce -1.0% |
| EW Edwards Lifesciences Corp. | 3.05% | 509,958 | $37.8M | Add +0.1% |
| ELV Elevance Health Inc. | 2.98% | 100,030 | $36.9M | No change |
| FSLR First Solar Inc. | 2.97% | 208,450 | $36.7M | Add +119.0% |
| SW Smurfit Westrock PLC | 2.63% | 603,234 | $32.5M | Reduce -1.9% |
| PLNT Planet Fitness Inc. Class A | 2.51% | 314,000 | $31.0M | Reduce -9.5% |
| RMD Resmed Inc. | 2.50% | 135,200 | $30.9M | No change |
| MWA Mueller Water Products Inc. Class A | 2.41% | 1,324,500 | $29.8M | Add +0.3% |
| AKAM Akamai Technologies Inc. | 2.33% | 301,924 | $28.9M | No change |
| DAR Darling Ingredients Inc. | 2.32% | 852,714 | $28.7M | Add +0.1% |
| XYL Xylem Inc. | 2.20% | 234,000 | $27.1M | Add +12.7% |
| T AT&T Inc. | 2.13% | 1,154,765 | $26.3M | Reduce -2.6% |
| AYI Acuity Inc. | 2.00% | 84,800 | $24.8M | No change |
| OC Owens Corning | 1.93% | 140,000 | $23.8M | Add +12.9% |
| ALLE Allegion PLC | 1.88% | 178,000 | $23.3M | Add +12.7% |
| GNTX Gentex Corp. | 1.86% | 801,000 | $23.0M | Add +6.7% |
| CWT California Water Service Grp | 1.81% | 493,000 | $22.3M | Add +10.0% |
| STRA Strategic Education Inc. | 1.66% | 220,000 | $20.6M | No change |
| OLED Universal Display Corp. | 1.63% | 137,700 | $20.1M | No change |
| CSL Carlisle Cos Inc. | 1.54% | 51,600 | $19.0M | New |
| MSA Msa Safety Inc. | 1.37% | 102,000 | $16.9M | No change |
| WTS Watts Water Technologies-A | 1.36% | 83,000 | $16.9M | Add +9.2% |
| ARE Alexandria Real Estate Equit | 1.36% | 172,450 | $16.8M | Add +20.4% |
| NOMD Nomad Foods Ltd. | 1.32% | 973,079 | $16.3M | Add +0.2% |
| HASI Ha Sustainable Infrastructur | 1.19% | 550,000 | $14.8M | Reduce -11.3% |
| ENPH Enphase Energy Inc. | 1.16% | 209,311 | $14.4M | No change |
| BMI Badger Meter Inc. | 1.11% | 65,000 | $13.8M | No change |
| INGR Ingredion Inc. | 0.67% | 60,000 | $8.3M | Add +15.4% |
| HAIN Hain Celestial Group Inc. | 0.31% | 620,000 | $3.8M | Add +12.7% |
| HOLX Hologic Inc. | 0.24% | 42,000 | $3.0M | Add +19.1% |
| LRN Stride Inc. | 0.24% | 29,000 | $3.0M | Reduce -6.5% |
| ZWS Zurn Elkay Water Solutions C | 0.23% | 76,000 | $2.8M | Add +2.7% |
| COO Cooper Cos Inc. | 0.22% | 29,000 | $2.7M | New |
| RVTY Revvity Inc. | 0.21% | 23,750 | $2.7M | Add +15.3% |
| BLKB Blackbaud Inc. | 0.21% | 35,000 | $2.6M | Add +4.5% |
| BFAM Bright Horizons Family Solut | 0.20% | 22,000 | $2.4M | Add +46.7% |
| KIDS Orthopediatrics Corp. | 0.17% | 93,000 | $2.2M | Add +29.2% |
| TPICQ Tpi Composites Inc. | 0.14% | 934,000 | $1.8M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| EBAY eBay Inc. | Reduce -7.4% | 3.30% | −0.35 |
| PG The Procter & Gamble Co. | Reduce -7.2% | 3.49% | −0.30 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.22 |
| ISRG Intuitive Surgical Inc. | Reduce -12.2% | 3.84% | −0.18 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.14 |
| NVDA Nvidia Corp. | Reduce -12.1% | 5.64% | −0.02 |
| LRN Stride Inc. | Reduce -6.5% | 0.24% | +0.04 |
| GEN Gen Digital Inc. | Reduce -1.0% | 3.07% | +0.04 |
| T AT&T Inc. | Reduce -2.6% | 2.13% | +0.07 |
| SW Smurfit Westrock PLC | Reduce -1.9% | 2.63% | +0.23 |
| PLNT Planet Fitness Inc. Class A | Reduce -9.5% | 2.51% | +0.29 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.3% | 3.74% | +0.52 |
| HASI Ha Sustainable Infrastructur | Reduce -11.3% | 1.19% | +0.77 |
Portfolio Buys Q3 2024 → Q4 2024
| CSL Carlisle Cos Inc. | New | 1.54% | +1.54 |
| FSLR First Solar Inc. | Add +119.0% | 2.97% | +1.10 |
| EW Edwards Lifesciences Corp. | Add +0.1% | 3.05% | +0.40 |
| MA Mastercard Inc. Class A | Add +0.1% | 4.14% | +0.36 |
| PANW Palo Alto Networks Inc. | Add +1.0% | 3.27% | +0.30 |
| COO Cooper Cos Inc. | New | 0.22% | +0.22 |
| OC Owens Corning | Add +12.9% | 1.93% | +0.20 |
| MWA Mueller Water Products Inc. Class A | Add +0.3% | 2.41% | +0.15 |
| DE Deere & Co. | Add +0.1% | 3.51% | +0.14 |
| WTS Watts Water Technologies-A | Add +9.2% | 1.36% | +0.12 |
| INGR Ingredion Inc. | Add +15.4% | 0.67% | +0.10 |
| GNTX Gentex Corp. | Add +6.7% | 1.86% | +0.10 |
| ALLE Allegion PLC | Add +12.7% | 1.88% | +0.06 |
| BFAM Bright Horizons Family Solut | Add +46.7% | 0.20% | +0.03 |
| KIDS Orthopediatrics Corp. | Add +29.2% | 0.17% | +0.02 |
| ZWS Zurn Elkay Water Solutions C | Add +2.7% | 0.23% | +0.02 |
| ARE Alexandria Real Estate Equit | Add +20.4% | 1.36% | +0.02 |
| HOLX Hologic Inc. | Add +19.1% | 0.24% | +0.02 |
| RVTY Revvity Inc. | Add +15.3% | 0.21% | +0.01 |
| KLAC KLA Corp. | Add +19.7% | 3.79% | −0.01 |
| BLKB Blackbaud Inc. | Add +4.5% | 0.21% | −0.01 |
| XYL Xylem Inc. | Add +12.7% | 2.20% | −0.02 |
| CWT California Water Service Grp | Add +10.0% | 1.81% | −0.11 |
| NOMD Nomad Foods Ltd. | Add +0.2% | 1.32% | −0.14 |
| DAR Darling Ingredients Inc. | Add +0.1% | 2.32% | −0.18 |
| WMS Advanced Drainage Systems Inc. | Add +12.6% | 5.05% | −0.90 |
| HAIN Hain Celestial Group Inc. | Add +12.7% | 0.31% | −1.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 50 | $1.6B | KLAC, TSM, PANW, WMS, NVDA |
| Q1 2026 | 49 | $1.3B | TSM, WMS, KLAC, NVDA, DAR |
| Q4 2025 | 51 | $1.4B | WMS, NVDA, TSM, KLAC, FSLR |
| Q3 2025 | 50 | $1.4B | NVDA, WMS, KLAC, TSM, MA |
| Q2 2025 | 50 | $1.3B | NVDA, KLAC, WMS, TSM, MA |
| Q1 2025 | 50 | $1.2B | WMS, NVDA, MA, KLAC, DE |
| Q4 2024 | 49 | $1.2B | NVDA, WMS, MA, ISRG, KLAC |
| Q3 2024 | 49 | $1.3B | WMS, NVDA, ELV, ISRG, KLAC |
| Q2 2024 | 47 | $1.1B | WMS, NVDA, ELV, KLAC, ISRG |
| Q1 2024 | 47 | $1.1B | WMS, NVDA, ELV, ISRG, PG |