Skip to content
Disclosery

Mirova US LLC

Follow

13F filer, CIK 1802900, Boston, MA

Mirova US LLC reported $9,960,349,006 across 43 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-11. Its ten largest share positions make up 51.82% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000622

Period
2025-12-31
Reported value
$9.96B
Holdings
43
Top 10 weight
51.82%
New
7
Sold out
0

Part of the filer group Natixis Investment Managers

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LOWnew+981,128$237M
AVGOadded+589,713$204M
BSXnew+1,370,029$131M
VRTnew+781,858$127M
GOOGLnew+19,424$6.08M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ROPreduced-511,732-$228M
NVDAreduced-1,106,827-$206M
MSFTreduced-263,995-$128M
AWKreduced-844,835-$110M
ECLreduced-387,231-$102M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000622, largest first. % of portfolio is the value over $9,960,349,006, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,366,904 shares; 2024Q4: 5,209,444 shares; 2025Q1: 5,399,484 shares; 2025Q2: 6,642,117 shares; 2025Q3: 6,362,230 shares; 2025Q4: 5,255,403 shares 5,255,403$980M9.84%-1,106,827Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,593,369 shares; 2024Q4: 1,546,921 shares; 2025Q1: 1,602,280 shares; 2025Q2: 1,963,799 shares; 2025Q3: 1,885,058 shares; 2025Q4: 1,621,063 shares 1,621,063$784M7.87%-263,995Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,198,098 shares; 2024Q4: 1,164,697 shares; 2025Q1: 1,033,252 shares; 2025Q2: 1,070,696 shares; 2025Q3: 1,028,601 shares; 2025Q4: 996,782 shares 996,782$569M5.71%-31,819Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,043,945 shares; 2024Q4: 1,699,845 shares; 2025Q1: 1,767,831 shares; 2025Q2: 1,797,084 shares; 2025Q3: 1,732,421 shares; 2025Q4: 1,680,068 shares 1,680,068$511M5.13%-52,353Timeline
SHOPSHOPIFY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,028,863 shares; 2024Q4: 1,971,701 shares; 2025Q1: 2,034,159 shares; 2025Q2: 3,024,755 shares; 2025Q3: 2,882,479 shares; 2025Q4: 2,785,943 shares 2,785,943$448M4.5%-96,536Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 607,944 shares; 2024Q4: 589,921 shares; 2025Q1: 610,755 shares; 2025Q2: 395,255 shares; 2025Q3: 380,667 shares; 2025Q4: 384,274 shares 384,274$413M4.15%+3,607Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 985,095 shares; 2025Q1: 1,020,491 shares; 2025Q2: 2,699,156 shares; 2025Q3: 2,594,672 shares; 2025Q4: 2,510,145 shares 2,510,145$386M3.87%-84,527Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,987,696 shares; 2024Q4: 1,916,391 shares; 2025Q1: 1,979,175 shares; 2025Q2: 2,052,803 shares; 2025Q3: 1,824,872 shares; 2025Q4: 1,437,641 shares 1,437,641$377M3.79%-387,231Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 785,808 shares; 2024Q4: 762,525 shares; 2025Q1: 788,939 shares; 2025Q2: 687,066 shares; 2025Q3: 660,789 shares; 2025Q4: 641,259 shares 641,259$372M3.73%-19,530Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 339,947 shares; 2025Q4: 929,660 shares 929,660$322M3.23%+589,713Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,455,614 shares; 2024Q4: 1,413,109 shares; 2025Q1: 1,463,261 shares; 2025Q2: 1,517,789 shares; 2025Q3: 1,462,037 shares; 2025Q4: 1,419,444 shares 1,419,444$312M3.13%-42,593Timeline
EBAYEBAY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,232,668 shares; 2024Q4: 7,019,402 shares; 2025Q1: 7,249,272 shares; 2025Q2: 3,832,923 shares; 2025Q3: 3,675,555 shares; 2025Q4: 3,548,645 shares 3,548,645$309M3.1%-126,910Timeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 850,790 shares; 2024Q4: 1,651,964 shares; 2025Q1: 1,710,686 shares; 2025Q2: 1,782,574 shares; 2025Q3: 1,717,294 shares; 2025Q4: 1,667,837 shares 1,667,837$307M3.08%-49,457Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 381,686 shares; 2024Q4: 370,096 shares; 2025Q1: 384,492 shares; 2025Q2: 568,123 shares; 2025Q3: 548,599 shares; 2025Q4: 534,129 shares 534,129$303M3.04%-14,470Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,860,267 shares; 2024Q4: 3,794,690 shares; 2025Q1: 3,919,486 shares; 2025Q2: 3,991,191 shares; 2025Q3: 3,835,334 shares; 2025Q4: 3,722,211 shares 3,722,211$299M3%-113,123Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 812,662 shares; 2024Q4: 770,794 shares; 2025Q1: 796,640 shares; 2025Q2: 825,940 shares; 2025Q3: 795,926 shares; 2025Q4: 772,710 shares 772,710$271M2.72%-23,216Timeline
XYLXYLEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,896,166 shares; 2024Q4: 1,841,615 shares; 2025Q1: 1,906,271 shares; 2025Q2: 2,000,499 shares; 2025Q3: 1,933,134 shares; 2025Q4: 1,881,190 shares 1,881,190$256M2.57%-51,944Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,418,393 shares; 2024Q4: 1,377,202 shares; 2025Q1: 1,426,756 shares; 2025Q2: 1,169,205 shares; 2025Q3: 1,126,791 shares; 2025Q4: 1,094,872 shares 1,094,872$251M2.52%-31,919Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 981,128 shares 981,128$237M2.38%newTimeline
EWEDWARDS LIFESCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,863,132 shares; 2024Q4: 1,809,222 shares; 2025Q1: 1,876,996 shares; 2025Q2: 2,931,297 shares; 2025Q3: 2,822,092 shares; 2025Q4: 2,739,071 shares 2,739,071$234M2.34%-83,021Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,916 shares; 2024Q4: 646,310 shares; 2025Q1: 894,616 shares; 2025Q2: 944,931 shares; 2025Q3: 911,917 shares; 2025Q4: 889,077 shares 889,077$232M2.33%-22,840Timeline
HUBBHUBBELL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 341,289 shares; 2025Q3: 485,165 shares; 2025Q4: 478,760 shares 478,760$213M2.13%-6,405Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 564,355 shares; 2024Q4: 713,474 shares; 2025Q1: 739,285 shares; 2025Q2: 771,235 shares; 2025Q3: 740,370 shares; 2025Q4: 711,254 shares 711,254$191M1.92%-29,116Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 472,666 shares; 2024Q4: 627,829 shares; 2025Q1: 650,395 shares; 2025Q2: 679,213 shares; 2025Q3: 651,604 shares; 2025Q4: 634,559 shares 634,559$168M1.69%-17,045Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,148,702 shares; 2024Q4: 2,084,949 shares; 2025Q1: 2,157,535 shares; 2025Q2: 2,182,880 shares; 2025Q3: 2,093,702 shares; 2025Q4: 2,029,319 shares 2,029,319$149M1.5%-64,383Timeline
BALLBALL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,518,997 shares; 2024Q4: 2,431,399 shares; 2025Q1: 2,544,267 shares; 2025Q2: 2,669,081 shares; 2025Q3: 2,571,241 shares; 2025Q4: 2,516,026 shares 2,516,026$133M1.34%-55,215Timeline
BSXBOSTON SCIENTIFIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,370,029 shares 1,370,029$131M1.31%newTimeline
WTSWATTS WATER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 724,382 shares; 2024Q4: 703,906 shares; 2025Q1: 728,984 shares; 2025Q2: 748,328 shares; 2025Q3: 471,822 shares; 2025Q4: 460,428 shares 460,428$127M1.28%-11,394Timeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 781,858 shares 781,858$127M1.27%newTimeline
AGCOAGCO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,207,188 shares; 2024Q4: 1,172,381 shares; 2025Q1: 1,213,995 shares; 2025Q2: 1,253,258 shares; 2025Q3: 1,206,541 shares; 2025Q4: 1,164,618 shares 1,164,618$121M1.22%-41,923Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,063,326 shares; 2024Q4: 1,032,125 shares; 2025Q1: 1,068,326 shares; 2025Q2: 1,126,586 shares; 2025Q3: 1,084,448 shares; 2025Q4: 1,052,890 shares 1,052,890$105M1.05%-31,558Timeline
AWKAMERICAN WTR WKS CO INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,604,376 shares; 2024Q4: 1,559,036 shares; 2025Q1: 1,616,705 shares; 2025Q2: 1,680,174 shares; 2025Q3: 1,626,653 shares; 2025Q4: 781,818 shares 781,818$102M1.02%-844,835Timeline
WMSADVANCED DRAIN SYS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 343,963 shares; 2024Q4: 407,588 shares; 2025Q1: 690,435 shares; 2025Q2: 708,310 shares; 2025Q3: 681,397 shares; 2025Q4: 660,992 shares 660,992$95.7M0.96%-20,405Timeline
ROPROPER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 705,899 shares; 2024Q4: 685,167 shares; 2025Q1: 708,549 shares; 2025Q2: 733,544 shares; 2025Q3: 705,495 shares; 2025Q4: 193,763 shares 193,763$86.2M0.87%-511,732Timeline
NDAQNASDAQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 64,907 shares; 2025Q3: 78,172 shares; 2025Q4: 85,671 shares 85,671$8.32M0.08%+7,499Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,424 shares 19,424$6.08M0.06%newTimeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,631 shares; 2025Q1: 14,455 shares; 2025Q2: 24,514 shares; 2025Q3: 36,993 shares; 2025Q4: 44,049 shares 44,049$5.27M0.05%+7,056Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 15,420 shares 15,420$4.19M0.04%newTimeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,218 shares; 2025Q3: 4,851 shares; 2025Q4: 5,775 shares 5,775$3.83M0.04%+924Timeline
ESEVERSOURCE ENERGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 57,789 shares; 2025Q3: 57,308 shares; 2025Q4: 54,037 shares 54,037$3.64M0.04%-3,271Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 15,144 shares 15,144$3.5M0.04%newTimeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,190 shares; 2024Q4: 11,849 shares; 2025Q1: 16,111 shares; 2025Q2: 18,880 shares; 2025Q3: 28,494 shares; 2025Q4: 33,928 shares 33,928$2.68M0.03%+5,434Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,798 shares 3,798$2.51M0.03%newTimeline

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-000622 base2026-02-11acceptance time not in the bulk data set