# Mirova US LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1802900. Source: https://holderbook.com/funds/1802900-mirova-us-llc/

- Reported value: $9.3B
- Positions: 45
- Weight of the ten largest: 48.9%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $862.3M | 4,309,689 | 9.3% | 27 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $543.1M | 1,137,112 | 5.8% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $474.9M | 924,618 | 5.1% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $449.9M | 1,206,161 | 4.8% | 27 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $445.1M | 1,305,090 | 4.8% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $424.6M | 354,043 | 4.6% | 22 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $358.3M | 3,206,010 | 3.9% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $347.3M | 919,362 | 3.7% | 4 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $330.9M | 988,313 | 3.6% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $312.1M | 3,556,095 | 3.4% | 27 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $310.4M | 1,113,930 | 3.3% | 27 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $296.9M | 2,600,237 | 3.2% | 10 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $296.4M | 591,257 | 3.2% | 27 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $293.9M | 561,819 | 3.2% | 5 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $292.6M | 1,312,962 | 3.1% | 17 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $288.1M | 1,901,496 | 3.1% | 7 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $229.8M | 2,540,381 | 2.5% | 16 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $224.1M | 2,586,427 | 2.4% | 9 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $201.8M | 1,707,194 | 2.2% | 27 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $200.2M | 907,806 | 2.2% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $195.8M | 492,324 | 2.1% | 27 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $190.5M | 999,996 | 2.0% | 27 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $182.9M | 1,528,332 | 2.0% | 15 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $161.3M | 412,095 | 1.7% | 27 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $154.7M | 655,621 | 1.7% | 20 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $149.7M | 2,399,395 | 1.6% | 24 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $145.1M | 249,822 | 1.6% | 1 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $144.4M | 1,628,033 | 1.6% | 11 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $132.4M | 3,101,478 | 1.4% | 3 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $109.3M | 2,363,387 | 1.2% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $100.8M | 293,703 | 1.1% | 27 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $97.2M | 619,117 | 1.0% | 8 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $91.7M | 697,230 | 1.0% | 27 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $88.3M | 563,506 | 0.9% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $62.9M | 429,354 | 0.7% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $41.9M | 337,013 | 0.5% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $24.0M | 67,085 | 0.3% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.6M | 40,220 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.4M | 31,658 | 0.1% | 1 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $7.6M | 82,108 | 0.1% | 1 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $5.5M | 37,625 | 0.1% | 7 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $3.2M | 39,990 | 0.0% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.7M | 28,979 | 0.0% | 8 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $2.4M | 33,715 | 0.0% | 5 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.3M | 4,931 | 0.0% | 5 |

## 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 | +10.5% | +14.8% | -4.3% | 100% |
| Q1 2026 | -7.6% | -4.6% | -3.0% | 100% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +9.2% | +10.5% | -1.3% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.1% | 100% |
| Q4 2024 | -3.5% | +2.1% | -5.7% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $9.3B | 45 |
| Q1 2026 | $8.8B | 42 |
| Q4 2025 | $10.0B | 43 |
| Q3 2025 | $9.9B | 36 |
| Q2 2025 | $9.7B | 35 |
| Q1 2025 | $8.4B | 34 |
| Q4 2024 | $8.3B | 34 |
| Q3 2024 | $8.7B | 33 |
| Q2 2024 | $8.0B | 29 |
| Q1 2024 | $7.4B | 27 |
| Q4 2023 | $6.6B | 27 |
| Q3 2023 | $5.9B | 26 |