# Triodos Investment Management BV

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1748729. Source: https://holderbook.com/funds/1748729-triodos-investment-management-bv/

- Reported value: $1.6B
- Positions: 50
- Weight of the ten largest: 46.3%
- Filed: 2026-07-29

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $102.4M | 340,010 | 6.2% | 18 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $98.9M | 207,153 | 6.0% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $97.2M | 285,300 | 5.9% | 10 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $82.9M | 528,311 | 5.0% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $76.8M | 384,570 | 4.7% | 17 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $75.7M | 321,250 | 4.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $60.8M | 118,464 | 3.7% | 15 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $58.8M | 526,498 | 3.6% | 15 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $56.6M | 1,035,914 | 3.4% | 12 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $50.5M | 2,030,038 | 3.1% | 24 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $47.0M | 74,050 | 2.9% | 9 |
| MILLICOM INTL CELLULAR S A | [TIGO](https://holderbook.com/stocks/TIGO/) | $45.7M | 504,000 | 2.8% | 6 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $44.6M | 493,358 | 2.7% | 31 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $41.1M | 105,000 | 2.5% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $40.6M | 277,095 | 2.5% | 31 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $38.7M | 106,750 | 2.4% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $38.4M | 32,050 | 2.3% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $35.5M | 89,187 | 2.2% | 26 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $35.2M | 396,500 | 2.1% | 3 |
| ACUITY INC | [AYI](https://holderbook.com/stocks/AYI/) | $35.0M | 93,000 | 2.1% | 31 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $34.7M | 293,224 | 2.1% | 17 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $34.6M | 1,670,265 | 2.1% | 14 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $27.8M | 235,500 | 1.7% | 13 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $27.7M | 142,000 | 1.7% | 10 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $27.1M | 586,314 | 1.7% | 1 |
| MUELLER WTR PRODS INC | [MWA](https://holderbook.com/stocks/MWA/) | $26.9M | 1,043,000 | 1.6% | 26 |
| HA SUSTAINABLE INFRA CAP INC | [HASI](https://holderbook.com/stocks/HASI/) | $26.4M | 675,000 | 1.6% | 31 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $24.8M | 156,000 | 1.5% | 31 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $24.0M | 493,000 | 1.5% | 10 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $23.8M | 941,000 | 1.4% | 14 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $23.7M | 136,000 | 1.4% | 8 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $21.5M | 299,500 | 1.3% | 6 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $20.5M | 78,000 | 1.3% | 5 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $20.4M | 145,000 | 1.2% | 14 |
| PLANET FITNESS MASTER ISSUER | [PLNT](https://holderbook.com/stocks/PLNT/) | $19.3M | 370,000 | 1.2% | 12 |
| STRATEGIC ED INC | [STRA](https://holderbook.com/stocks/STRA/) | $16.8M | 220,000 | 1.0% | 23 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $16.7M | 197,000 | 1.0% | 2 |
| UNIVERSAL DISPLAY CORP | [OLED](https://holderbook.com/stocks/OLED/) | $13.9M | 161,000 | 0.8% | 31 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $11.1M | 75,000 | 0.7% | 31 |
| INGREDION INC | [INGR](https://holderbook.com/stocks/INGR/) | $7.5M | 79,000 | 0.5% | 8 |
| ZURN ELKAY WATER SOLNS CORP | [ZWS](https://holderbook.com/stocks/ZWS/) | $5.1M | 100,000 | 0.3% | 17 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $4.3M | 38,750 | 0.3% | 14 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $3.7M | 33,500 | 0.2% | 3 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $3.4M | 40,000 | 0.2% | 17 |
| ORTHOPEDIATRICS CORP | [KIDS](https://holderbook.com/stocks/KIDS/) | $3.2M | 165,000 | 0.2% | 17 |
| LIFE360 INC | [LIF](https://holderbook.com/stocks/LIF/) | $2.9M | 52,000 | 0.2% | 6 |
| BLACKBAUD INC | [BLKB](https://holderbook.com/stocks/BLKB/) | $2.7M | 92,000 | 0.2% | 17 |
| MCGRAW HILL INC | [MH](https://holderbook.com/stocks/MH/) | $2.1M | 220,000 | 0.1% | 1 |
| DUOLINGO INC | [DUOL](https://holderbook.com/stocks/DUOL/) | $1.8M | 16,000 | 0.1% | 6 |
| BRIGHT HORIZONS FAM SOL IN D | [BFAM](https://holderbook.com/stocks/BFAM/) | $1.2M | 17,000 | 0.1% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +18.3% | +14.8% | +3.4% | 100% |
| Q1 2026 | -2.0% | -4.6% | +2.7% | 99% |
| Q4 2025 | +0.4% | +2.4% | -1.9% | 100% |
| Q3 2025 | +5.3% | +7.8% | -2.5% | 100% |
| Q2 2025 | +9.5% | +10.5% | -0.9% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | -6.0% | +2.1% | -8.1% | 100% |
| Q3 2024 | +4.0% | +5.4% | -1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 50 |
| Q1 2026 | $1.3B | 49 |
| Q4 2025 | $1.4B | 51 |
| Q3 2025 | $1.4B | 50 |
| Q2 2025 | $1.3B | 50 |
| Q1 2025 | $1.2B | 50 |
| Q4 2024 | $1.2B | 49 |
| Q3 2024 | $1.3B | 49 |
| Q2 2024 | $1.1B | 47 |
| Q1 2024 | $1.1B | 47 |
| Q4 2023 | $1.0B | 46 |
| Q3 2023 | $941.5M | 47 |