Mirova US LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings43 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 5.3M | $980.1M | 9.8% | $121.23 | +54.69% | 25 qtrssince 2019-Q4 | Decreased 0 |
MICROSOFT CORP | 1.6M | $784M | 7.9% | $303.20 | +60.78% | 25 qtrssince 2019-Q4 | Decreased 0 |
MASTERCARD INC - A | 996,782 | $569M | 5.7% | $341.10 | +69.03% | 25 qtrssince 2019-Q4 | Decreased 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 1.7M | $510.6M | 5.1% | $86.50 | +246.32% | 25 qtrssince 2019-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 2.8M | $448.5M | 4.5% | $89.40 | +83.16% | 8 qtrssince 2024-Q1 | Decreased 0 |
ELI LILLY & CO | 384,274 | $413M | 4.1% | $279.19 | +283.07% | 20 qtrssince 2021-Q1 | Increased 59 |
TJX COMPANIES INC | 2.5M | $385.6M | 3.9% | $120.35 | +26.46% | 5 qtrssince 2024-Q4 | Decreased 0 |
ECOLAB INC | 1.4M | $377.4M | 3.8% | $195.96 | +34.97% | 25 qtrssince 2019-Q4 | Decreased 0 |
THERMO FISHER SCIENTIFIC INC | 641,259 | $371.6M | 3.7% | $455.60 | +28.06% | 25 qtrssince 2019-Q4 | Decreased 0 |
BROADCOM INC | 929,660 | $321.8M | 3.2% | $338.70 | +1.81% | 2 qtrssince 2025-Q3 | Increased 93 |
WASTE MANAGEMENT INC | 1.4M | $311.9M | 3.1% | $189.18 | +17.41% | 15 qtrssince 2022-Q2 | Decreased 0 |
EBAY INC | 3.5M | $309.1M | 3.1% | $46.61 | +86.86% | 25 qtrssince 2019-Q4 | Decreased 0 |
PALO ALTO NETWORKS INC | 1.7M | $307.2M | 3.1% | $165.83 | +12.67% | 9 qtrssince 2023-Q4 | Decreased 0 |
INTUITIVE SURGICAL INC | 534,129 | $302.5M | 3.0% | $392.69 | +45.82% | 25 qtrssince 2019-Q4 | Decreased 0 |
NEXTERA ENERGY INC | 3.7M | $298.8M | 3.0% | — | — | — | — |
VISA INC-CLASS A SHARES | 772,710 | $271M | 2.7% | $209.78 | +66.18% | 25 qtrssince 2019-Q4 | Decreased 0 |
XYLEM INC | 1.9M | $256.2M | 2.6% | $108.05 | +27.34% | 25 qtrssince 2019-Q4 | Decreased 0 |
DANAHER CORP | 1.1M | $250.6M | 2.5% | $209.42 | +10.15% | 25 qtrssince 2019-Q4 | Decreased 0 |
LOWE'S COS INC | 981,128 | $236.6M | 2.4% | $237.47 | 0.00% | 1 qtr | New 80 |
EDWARDS LIFESCIENCES CORP | 2.7M | $233.5M | 2.3% | $75.67 | +13.91% | 14 qtrssince 2022-Q3 | Decreased 0 |
Mirova US LLC manages $10B across 43 positions as of Q4 2025. Top holdings: NVDA (9.8%), MSFT (7.9%), MA (5.7%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 4.5/5.0.
Active quarter - 7 new positions, 0 exits, 6 increased. Top move: AVGO (INCREASED, conviction 93). Portfolio: $10.0B across 43 positions.
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Portfolio allocation by GICS sector
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Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer