MIROVA
Long book
$2.46B
Q1 2026
Positions
179
Top-10 weight
27%
concentration
Last quarter
+16.1%
SPY +14.8%
Turnover
54%
of book per quarter
Strategy in plain words
auto-generated from filingsMIROVA is a diversified fundamental manager, running a $2.46B US long book across 179 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, CADENCE DESIGN SYS INC, SERVICENOW INC, SYNOPSYS INC.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.0%
Q2 2024
+8.3%
Q3 2024
-5.4%
Q4 2024
-4.5%
Q1 2025
+6.1%
Q2 2025
+3.5%
Q3 2025
+1.0%
Q4 2025
-7.4%
Q1 2026
+16.1%
Sector allocation
Technology 49%
Industrials 12%
Healthcare 11%
Other 9%
Utilities 7%
Services media 7%
Consumer discretionary 4%
Financials 1%
Long book by quarter
What does MIROVA own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 869.3K | $151.6M | 6.2% | +238.3% |
| MSFT MICROSOFT CORP | Technology | 188.8K | $69.9M | 2.8% | +115.9% |
| CDNS CADENCE DESIGN SYS INC | Technology | 232.0K | $64.5M | 2.6% | +436.0% |
| NOW SERVICENOW INC | Technology | 611.8K | $64.0M | 2.6% | +1472.5% |
| SNPS SYNOPSYS INC | Technology | 151.9K | $60.2M | 2.4% | New |
| ECL ECOLAB INC | Other | 202.6K | $53.9M | 2.2% | +35.1% |
| AVGO BROADCOM INC | Technology | 169.7K | $52.5M | 2.1% | +1235.7% |
| GOOGL ALPHABET INC-CL A | Technology | 180.8K | $52.0M | 2.1% | New |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 117.6K | $45.9M | 1.9% | New |
| BSY BENTLEY SYSTEMS INC-CLASS B | Technology | 1.3M | $44.2M | 1.8% | +335.9% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 91.3K | $42.1M | 1.7% | +425.3% |
| SNOW SNOWFLAKE INC | Technology | 257.7K | $38.9M | 1.6% | New |
| WM WASTE MANAGEMENT INC | Utilities | 166.4K | $38.2M | 1.6% | +103.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 151.4K | $37.9M | 1.5% | +391.1% |
| NVT NVENT ELECTRIC PLC | Industrials | 320.5K | $37.9M | 1.5% | New |
| CLH CLEAN HARBORS INC | Utilities | 130.7K | $37.5M | 1.5% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 182.7K | $37.2M | 1.5% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 73.3K | $36.0M | 1.5% | +619.2% |
| FSLR FIRST SOLAR INC | Technology | 161.4K | $31.8M | 1.3% | +52.7% |
| VLTO VERALTO CORP | Technology | 354.2K | $31.3M | 1.3% | +774.5% |
| IEX IDEX CORP | Industrials | 160.7K | $30.5M | 1.2% | +212.4% |
| PANW PALO ALTO NETWORKS INC | Technology | 186.6K | $29.9M | 1.2% | +384.7% |
| XYL XYLEM INC | Industrials | 244.5K | $29.2M | 1.2% | +60.6% |
| KLAC KLA CORP | Other | 19.6K | $28.9M | 1.2% | New |
| JBTM JBT MAREL CORP | Industrials | 194.4K | $24.9M | 1.0% | New |
| DHR DANAHER CORP | Technology | 131.0K | $24.8M | 1.0% | +569.1% |
| PTC PTC INC | Technology | 173.0K | $24.7M | 1.0% | +685.8% |
| WCN WASTE CONNECTIONS INC | Utilities | 148.1K | $24.1M | 1.0% | New |
| ESTC ELASTIC NV | Technology | 479.1K | $23.9M | 1.0% | New |
| MDB MONGODB INC | Technology | 97.3K | $23.8M | 1.0% | New |
| WMS ADVANCED DRAINAGE SYSTEMS IN | Other | 172.2K | $23.6M | 1.0% | +1669.7% |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 156.6K | $21.3M | 0.9% | +26.1% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 418.0K | $20.6M | 0.8% | New |
| LLY ELI LILLY & CO | Healthcare | 22.2K | $20.4M | 0.8% | +17.0% |
| PNR PENTAIR PLC | Industrials | 228.9K | $19.9M | 0.8% | +217.1% |
| MANH MANHATTAN ASSOCIATES INC | Technology | 148.6K | $19.8M | 0.8% | New |
| APG API GROUP CORP | Services media | 482.6K | $19.6M | 0.8% | New |
| TTEK TETRA TECH INC | Services media | 611.7K | $18.4M | 0.7% | +126.8% |
| DXCM DEXCOM INC | Healthcare | 292.8K | $18.4M | 0.7% | New |
| PRCT PROCEPT BIOROBOTICS CORP | Healthcare | 723.8K | $18.1M | 0.7% | New |
| TRMB TRIMBLE INC | Other | 265.7K | $17.3M | 0.7% | +8.6% |
| OSIS OSI SYSTEMS INC | Technology | 65.0K | $17.3M | 0.7% | New |
| MDT MEDTRONIC PLC | Healthcare | 195.6K | $16.9M | 0.7% | New |
| FROG JFROG LTD | Technology | 354.6K | $16.6M | 0.7% | New |
| STE STERIS PLC | Healthcare | 74.2K | $16.4M | 0.7% | New |
| MSI MOTOROLA SOLUTIONS INC | Technology | 37.8K | $16.4M | 0.7% | New |
| LFUS LITTELFUSE INC | Industrials | 47.4K | $16.1M | 0.7% | +118.1% |
| WTRG ESSENTIAL UTILITIES INC | Utilities | 392.7K | $15.8M | 0.6% | New |
| NFLX NETFLIX INC | Services media | 160.6K | $15.4M | 0.6% | +3279.4% |
| WAB WABTEC CORP | Industrials | 61.5K | $15.4M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 179 | $2.46B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 92 | $693.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 29, 2025 | 111 | $707.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 119 | $708.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 134 | $555.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 129 | $579.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 120 | $578.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 123 | $547.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 135 | $564.5M | canonical | SEC ↗ |
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