Triodos Investment Management BV
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Triodos Investment Management BV reported 50 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by KLA (KLAC, 5.0%) and Advanced Drainage Systems (WMS, 4.8%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 29 and reduced 12. The biggest buy was KLA (KLAC, shares +1%) and the biggest sale an exit from Enphase Energy (ENPH).
- Most Recent 13F
- Q2 2026
- Location
- DRIEBERGEN-RIJSENBURG, P7
- CIK
- 0001748729
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001748729-25-000009 ↗ filed Jul 24, 2025
Holdings Value
Holdings 50 stocks · $1.3B
| NVDA Nvidia Corp. | 5.82% | 491,270 | $77.6M | Reduce -6.4% |
| KLAC KLA Corp. | 5.05% | 75,101 | $67.2M | Add +0.6% |
| WMS Advanced Drainage Systems Inc. | 4.77% | 553,411 | $63.6M | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.28% | 251,853 | $57.0M | Add +0.4% |
| MA Mastercard Inc. Class A | 4.12% | 97,764 | $54.9M | Add +0.9% |
| ISRG Intuitive Surgical Inc. | 3.72% | 91,237 | $49.6M | Add +1.4% |
| EBAY eBay Inc. | 3.71% | 664,198 | $49.4M | Add +1.0% |
| FSLR First Solar Inc. | 3.40% | 274,100 | $45.3M | Add +10.3% |
| PANW Palo Alto Networks Inc. | 3.40% | 221,500 | $45.3M | Add +0.3% |
| GEN Gen Digital Inc. | 3.12% | 1,415,038 | $41.6M | Add +0.9% |
| EW Edwards Lifesciences Corp. | 2.99% | 509,258 | $39.8M | Add +0.3% |
| DE Deere & Co. | 2.94% | 76,900 | $39.1M | Reduce -20.8% |
| PG The Procter & Gamble Co. | 2.84% | 237,695 | $37.9M | Reduce -6.9% |
| ELV Elevance Health Inc. | 2.72% | 93,180 | $36.2M | Reduce -5.6% |
| DAR Darling Ingredients Inc. | 2.66% | 932,914 | $35.4M | Add +5.4% |
| CSL Carlisle Cos Inc. | 2.54% | 90,750 | $33.9M | Add +28.5% |
| ADBE Adobe Inc. | 2.50% | 85,937 | $33.2M | Add +0.2% |
| RMD Resmed Inc. | 2.36% | 121,700 | $31.4M | Reduce -9.4% |
| XYL Xylem Inc. | 2.34% | 240,500 | $31.1M | Add +0.4% |
| T AT&T Inc. | 2.29% | 1,056,265 | $30.6M | Reduce -8.7% |
| TIGO Millicom Intl Cellular S.A. | 2.27% | 808,000 | $30.2M | Reduce -8.9% |
| OLED Universal Display Corp. | 2.14% | 185,000 | $28.6M | Add +34.4% |
| PLNT Planet Fitness Inc. Class A | 2.10% | 256,000 | $27.9M | Reduce -12.0% |
| MWA Mueller Water Products Inc. Class A | 1.95% | 1,080,000 | $26.0M | Add +2.6% |
| AYI Acuity Inc. | 1.90% | 84,800 | $25.3M | No change |
| AKAM Akamai Technologies Inc. | 1.80% | 299,924 | $23.9M | Add +0.2% |
| CWT California Water Service Grp | 1.68% | 493,000 | $22.4M | No change |
| ALLE Allegion PLC | 1.62% | 150,000 | $21.6M | Reduce -15.7% |
| OC Owens Corning | 1.61% | 156,000 | $21.5M | Add +11.4% |
| WTS Watts Water Technologies-A | 1.59% | 86,000 | $21.1M | Reduce -4.4% |
| MSA Msa Safety Inc. | 1.53% | 122,000 | $20.4M | No change |
| STRA Strategic Education Inc. | 1.41% | 220,000 | $18.7M | No change |
| COO The Cooper Cos Inc. | 1.32% | 248,000 | $17.6M | Add +37.0% |
| GNTX Gentex Corp. | 1.32% | 801,000 | $17.6M | No change |
| ARE Alexandria Real Estate Equit | 1.25% | 229,800 | $16.7M | Add +29.8% |
| NOMD Nomad Foods Ltd. | 1.22% | 959,179 | $16.3M | Add +0.3% |
| BMI Badger Meter Inc. | 1.20% | 65,000 | $15.9M | No change |
| HASI Ha Sustainable Infrastructur | 1.11% | 550,000 | $14.8M | No change |
| INGR Ingredion Inc. | 0.80% | 79,000 | $10.7M | No change |
| ZBRA Zebra Technologies Corp. Class A | 0.56% | 24,000 | $7.4M | New |
| HOLX Hologic Inc. | 0.30% | 61,000 | $4.0M | Add +16.2% |
| RVTY Revvity Inc. | 0.27% | 37,500 | $3.6M | Add +27.1% |
| ZWS Zurn Elkay Water Solutions C | 0.24% | 88,000 | $3.2M | Add +10.4% |
| BLKB Blackbaud Inc. | 0.24% | 50,000 | $3.2M | Add +17.6% |
| LRN Stride Inc. | 0.23% | 21,000 | $3.0M | Reduce -19.2% |
| BFAM Bright Horizons Family Solut | 0.22% | 24,000 | $3.0M | Add +9.1% |
| LIF LIFE360 Inc. | 0.19% | 38,000 | $2.5M | Add +16.9% |
| KIDS Orthopediatrics Corp. | 0.18% | 112,500 | $2.4M | Add +25.0% |
| DUOL Duolingo | 0.13% | 4,300 | $1.8M | Add +22.9% |
| SW Smurfit Westrock PLC | 0.02% | 7,400 | $319K | Reduce -14.9% |
Portfolio Sells Q1 2025 → Q2 2025
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −1.37 |
| ELV Elevance Health Inc. | Reduce -5.6% | 2.72% | −0.78 |
| DE Deere & Co. | Reduce -20.8% | 2.94% | −0.78 |
| PG The Procter & Gamble Co. | Reduce -6.9% | 2.84% | −0.68 |
| T AT&T Inc. | Reduce -8.7% | 2.29% | −0.38 |
| ALLE Allegion PLC | Reduce -15.7% | 1.62% | −0.25 |
| PLNT Planet Fitness Inc. Class A | Reduce -12.0% | 2.10% | −0.20 |
| RMD Resmed Inc. | Reduce -9.4% | 2.36% | −0.07 |
| LRN Stride Inc. | Reduce -19.2% | 0.23% | −0.04 |
| SW Smurfit Westrock PLC | Reduce -14.9% | 0.02% | −0.01 |
| TIGO Millicom Intl Cellular S.A. | Reduce -8.9% | 2.27% | +0.07 |
| WTS Watts Water Technologies-A | Reduce -4.4% | 1.59% | +0.08 |
| NVDA Nvidia Corp. | Reduce -6.4% | 5.82% | +1.09 |
Portfolio Buys Q1 2025 → Q2 2025
| KLAC KLA Corp. | Add +0.6% | 5.05% | +0.92 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.4% | 4.28% | +0.88 |
| FSLR First Solar Inc. | Add +10.3% | 3.40% | +0.81 |
| CSL Carlisle Cos Inc. | Add +28.5% | 2.54% | +0.56 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.56% | +0.56 |
| OLED Universal Display Corp. | Add +34.4% | 2.14% | +0.50 |
| DAR Darling Ingredients Inc. | Add +5.4% | 2.66% | +0.36 |
| PANW Palo Alto Networks Inc. | Add +0.3% | 3.40% | +0.27 |
| ISRG Intuitive Surgical Inc. | Add +1.4% | 3.72% | +0.09 |
| EBAY eBay Inc. | Add +1.0% | 3.71% | +0.08 |
| LIF LIFE360 Inc. | Add +16.9% | 0.19% | +0.08 |
| COO The Cooper Cos Inc. | Add +37.0% | 1.32% | +0.08 |
| GEN Gen Digital Inc. | Add +0.9% | 3.12% | +0.08 |
| DUOL Duolingo | Add +22.9% | 0.13% | +0.04 |
| HOLX Hologic Inc. | Add +16.2% | 0.30% | +0.03 |
| EW Edwards Lifesciences Corp. | Add +0.3% | 2.99% | +0.03 |
| ZWS Zurn Elkay Water Solutions C | Add +10.4% | 0.24% | +0.03 |
| BLKB Blackbaud Inc. | Add +17.6% | 0.24% | +0.02 |
| RVTY Revvity Inc. | Add +27.1% | 0.27% | +0.02 |
| KIDS Orthopediatrics Corp. | Add +25.0% | 0.18% | −0.00 |
| BFAM Bright Horizons Family Solut | Add +9.1% | 0.22% | −0.01 |
| XYL Xylem Inc. | Add +0.4% | 2.34% | −0.01 |
| OC Owens Corning | Add +11.4% | 1.61% | −0.03 |
| WMS Advanced Drainage Systems Inc. | Add +0.2% | 4.77% | −0.14 |
| ARE Alexandria Real Estate Equit | Add +29.8% | 1.25% | −0.14 |
| AKAM Akamai Technologies Inc. | Add +0.2% | 1.80% | −0.17 |
| MA Mastercard Inc. Class A | Add +0.9% | 4.12% | −0.18 |
| ADBE Adobe Inc. | Add +0.2% | 2.50% | −0.22 |
| MWA Mueller Water Products Inc. Class A | Add +2.6% | 1.95% | −0.26 |
| NOMD Nomad Foods Ltd. | Add +0.3% | 1.22% | −0.34 |
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 |