Institution

Mirova Us LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1802900

Reported value: $9.3bn
Positions we cover: 45
Copy, a year: +14.5%
Copy Sharpe ratio: 0.66

How copying its 13F would have done

CopyS&P 500 $10,000 copying Mirova Us LLC's filed holdings in companies we cover from August 21, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.6% (S&P 500 −23.9%); beta 1.05; alpha −1.0% a year (t = −0.37); last 12 months +7.9% against +12.1%.

Reported value by quarter

Mirova Us LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2020-06-30	$1.1B
2020-09-30	$1.7B
2020-12-31	$2.3B
2021-03-31	$2.9B
2021-06-30	$3.7B
2021-09-30	$4.3B
2021-12-31	$5.3B
2022-03-31	$5.2B
2022-06-30	$4.6B
2022-09-30	$4.3B
2022-12-31	$5T
2023-03-31	$5.5B
2023-06-30	$6B
2023-09-30	$5.9B
2023-12-31	$6.6B
2024-03-31	$7.4B
2024-06-30	$8B
2024-09-30	$8.7B
2024-12-31	$8.3B
2025-03-31	$8.4B
2025-06-30	$9.7B
2025-09-30	$9.9B
2025-12-31	$10B
2026-03-31	$8.8B
2026-06-30	$9.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	9.27%	$862.3m	4.31M	−14.8% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	5.84%	$543.1m	1.14M	−11.3% Reduced
MAMastercard	5.11%	$474.9m	924.6K	−3.5% Reduced
MSFTMicrosoft Corporation	4.84%	$449.9m	1.21M	−22.5% Reduced
PANWPalo Alto Networks	4.79%	$445.1m	1.31M	−18.6% Reduced
LLYLilly (Eli)	4.57%	$424.6m	354.0K	−3.9% Reduced
EBAYeBay Inc.	3.85%	$358.3m	3.21M	−6.6% Reduced
AVGOBroadcom	3.73%	$347.3m	919.4K	−17.4% Reduced
VRTVertiv	3.56%	$330.9m	988.3K	−3.4% Reduced
NEENextEra Energy	3.36%	$312.1m	3.56M	−1.9% Reduced
ECLEcolab	3.34%	$310.4m	1.11M	−4.8% Reduced
SHOPShopify Inc.	3.19%	$296.9m	2.60M	−2.7% Reduced
TMOThermo Fisher Scientific	3.19%	$296.4m	591.3K	−3.9% Reduced
HUBBHubbell Incorporated	3.16%	$293.9m	561.8K	−2.4% Reduced
WMWaste Management	3.15%	$292.6m	1.31M	−3.6% Reduced
TJXTJX Companies	3.10%	$288.1m	1.90M	−21.0% Reduced
EWEdwards Lifesciences	2.47%	$229.8m	2.54M	−3.3% Reduced
CPCanadian Pacific Kansas City LTD	2.41%	$224.1m	2.59M	+33.0% Added
XYLXylem Inc.	2.17%	$201.8m	1.71M	−5.5% Reduced
LOWLowe's	2.15%	$200.2m	907.8K	−3.6% Reduced
ISRGIntuitive Surgical	2.10%	$195.8m	492.3K	−3.9% Reduced
DHRDanaher Corporation	2.05%	$190.5m	1000.0K	−4.9% Reduced
AGCOAGCO Corp	1.97%	$182.9m	1.53M	−3.7% Reduced
WTSWatts Water Technologies Inc	1.74%	$161.3m	412.1K	−5.9% Reduced
FSLRFirst Solar, Inc.	1.66%	$154.7m	655.6K	−6.1% Reduced
BALLBall Corporation	1.61%	$149.7m	2.40M	−0.3%
AMDAdvanced Micro Devices	1.56%	$145.1m	249.8K	New
VLTOVeralto	1.55%	$144.4m	1.63M	−3.6% Reduced
BSXBoston Scientific	1.42%	$132.4m	3.10M	+40.8% Added
SWSmurfit Westrock	1.18%	$109.3m	2.36M	New
VVisa Inc.	1.08%	$100.8m	293.7K	−9.8% Reduced
WMSAdvanced Drainage Systems, Inc.	1.04%	$97.2m	619.1K	−1.5% Reduced
AWKAmerican Water Works	0.99%	$91.7m	697.2K	−7.1% Reduced
CRMSalesforce	0.95%	$88.3m	563.5K	−7.5% Reduced
ORCLOracle Corporation	0.68%	$62.9m	429.4K	New
ACNAccenture	0.45%	$41.9m	337.0K	−50.6% Reduced
GOOGLAlphabet Inc. (Class A)	0.26%	$24.0m	67.1K	+245.4% Added
AAPLApple Inc.	0.13%	$11.6m	40.2K	+160.8% Added
JPMJPMorgan Chase	0.11%	$10.4m	31.7K	New
ORLYO'Reilly Automotive	0.08%	$7.6m	82.1K	New
JCIJohnson Controls	0.06%	$5.5m	37.6K	−14.4% Reduced
NDAQNasdaq, Inc.	0.03%	$3.2m	40.0K	−39.6% Reduced
CLColgate-Palmolive	0.03%	$2.7m	29.0K	−14.4% Reduced
ESEversource Energy	0.03%	$2.4m	33.7K	−23.1% Reduced
INTUIntuit	0.01%	$1.3m	4.9K	−14.4% Reduced

Company	Bought (value)	Shares
AMDAdvanced Micro Devices	$145.1m	249.8K
SWSmurfit Westrock	$109.3m	2.36M
ORCLOracle Corporation	$62.9m	429.4K
CPCanadian Pacific Kansas City LTD	$55.7m	642.3K
BSXBoston Scientific	$38.3m	898.1K
GOOGLAlphabet Inc. (Class A)	$17.0m	47.7K
JPMJPMorgan Chase	$10.4m	31.7K
ORLYO'Reilly Automotive	$7.6m	82.1K
AAPLApple Inc.	$7.2m	24.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$149.3m	−746.1K
MSFTMicrosoft Corporation	−$130.4m	−349.5K
PANWPalo Alto Networks	−$101.5m	−297.6K
TJXTJX Companies	−$76.8m	−506.8K
AVGOBroadcom	−$73.3m	−194.1K
TSMTaiwan Semiconductor Manufacturing Co LTD	−$69.0m	−144.4K
ACNAccenture	−$43.0m	−345.7K
EBAYeBay Inc.	−$25.3m	−226.5K
LLYLilly (Eli)	−$17.3m	−14.4K
MAMastercard	−$17.0m	−33.1K
ECLEcolab	−$15.6m	−56.1K
TMOThermo Fisher Scientific	−$11.9m	−23.8K
XYLXylem Inc.	−$11.9m	−100.3K
VRTVertiv	−$11.5m	−34.4K
VVisa Inc.	−$11.0m	−32.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
AMZNAmazon	$3.2m	15.1K
METAMeta Platforms	$2.2m	3.8K

Technology37.1%
Industrials20.8%
Health Care15.8%
Consumer Discretionary9.2%
Financials6.3%
Materials6.1%
Utilities4.4%
Communication Services0.3%
Consumer Staples0.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 21, 2020 to November 2, 2026	+14.5%	+15.4%	0.66	0.77	−31.6%	1.05
Last three yearsNovember 3, 2023 to November 2, 2026	+20.3%	+21.8%	1.06	1.16	−15.2%	0.92
Last yearNovember 7, 2025 to November 2, 2026	+9.9%	+14.2%	0.51	0.84	−12.2%	0.84

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.