Triodos Investment Management BV
Long book
$1.32B
Q1 2026
Positions
49
Top-10 weight
45%
concentration
Last quarter
+16.0%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsTriodos Investment Management BV is a diversified fundamental manager, running a $1.32B US long book across 49 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ADVANCED DRAINAGE SYSTEMS IN, KLA CORP, NVIDIA CORP, DARLING INGREDIENTS INC.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 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
+3.9%
Q2 2024
+4.7%
Q3 2024
-5.8%
Q4 2024
-3.4%
Q1 2025
+9.9%
Q2 2025
+5.7%
Q3 2025
+0.8%
Q4 2025
-1.7%
Q1 2026
+16.0%
Sector allocation
Technology 21%
Other 18%
Services media 17%
Industrials 16%
Healthcare 14%
Communications 6%
Consumer staples 5%
Financials 2%
Long book by quarter
What does Triodos Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WMS ADVANCED DRAINAGE SYSTEMS IN | Other | 536.7K | $73.6M | 5.6% | -0.2% |
| KLAC KLA CORP | Other | 50.0K | $73.5M | 5.6% | -13.4% |
| NVDA NVIDIA CORP | Technology | 395.0K | $68.8M | 5.2% | -0.8% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 933.9K | $57.8M | 4.4% | +0.1% |
| FSLR FIRST SOLAR INC | Technology | 277.6K | $54.7M | 4.1% | +11.3% |
| MA MASTERCARD INC - A | Services media | 101.4K | $50.6M | 3.8% | -1.0% |
| EBAY EBAY INC | Services media | 538.2K | $49.0M | 3.7% | -1.1% |
| PANW PALO ALTO NETWORKS INC | Technology | 282.5K | $45.3M | 3.4% | +28.6% |
| DE DEERE & CO | Industrials | 75.5K | $42.5M | 3.2% | -0.5% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 501.9K | $40.2M | 3.0% | -0.6% |
| TIGO MILLICOM INTL CELLULAR S.A. | Communications | 518.0K | $38.8M | 2.9% | -14.7% |
| T AT&T INC | Communications | 1.3M | $37.4M | 2.8% | +22.7% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 80.4K | $37.1M | 2.8% | -0.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 255.1K | $36.8M | 2.8% | Held |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 297.9K | $34.2M | 2.6% | Held |
| GEN GEN DIGITAL INC | Technology | 1.8M | $33.3M | 2.5% | +24.2% |
| CSL CARLISLE COS INC | Other | 89.8K | $29.9M | 2.3% | -1.1% |
| XYL XYLEM INC | Industrials | 238.5K | $28.5M | 2.2% | -0.8% |
| MWA MUELLER WATER PRODUCTS INC-A | Industrials | 1.0M | $27.7M | 2.1% | -7.5% |
| PLNT PLANET FITNESS INC - CL A | Services media | 370.0K | $27.5M | 2.1% | +34.1% |
| RMD RESMED INC | Healthcare | 119.1K | $26.7M | 2.0% | -1.2% |
| AYI ACUITY INC | Industrials | 93.0K | $26.1M | 2.0% | +27.4% |
| VLTO VERALTO CORP | Technology | 294.5K | $26.0M | 2.0% | +58.3% |
| WTS WATTS WATER TECHNOLOGIES-A | Industrials | 86.0K | $25.0M | 1.9% | Held |
| LLY ELI LILLY & CO | Healthcare | 25.1K | $23.1M | 1.7% | +11.6% |
| ALLE ALLEGION PLC | Services media | 145.0K | $21.1M | 1.6% | Held |
| HASI HA SUSTAINABLE INFRASTRUCTUR | Financials | 550.0K | $20.2M | 1.5% | Held |
| MSA MSA SAFETY INC | Healthcare | 122.0K | $20.0M | 1.5% | Held |
| CWT CALIFORNIA WATER SERVICE GRP | Utilities | 414.0K | $18.8M | 1.4% | Held |
| STRA STRATEGIC EDUCATION INC | Services media | 220.0K | $18.2M | 1.4% | Held |
| COO COOPER COS INC/THE | Healthcare | 248.3K | $17.7M | 1.3% | Held |
| GNTX GENTEX CORP | Industrials | 801.0K | $17.5M | 1.3% | Held |
| OC OWENS CORNING | Industrials | 156.0K | $16.9M | 1.3% | Held |
| OLED UNIVERSAL DISPLAY CORP | Technology | 161.0K | $14.7M | 1.1% | -13.0% |
| ZBRA ZEBRA TECHNOLOGIES CORP-CL A | Industrials | 69.0K | $14.4M | 1.1% | +27.8% |
| BMI BADGER METER INC | Technology | 65.0K | $9.9M | 0.7% | Held |
| INGR INGREDION INC | Consumer staples | 79.0K | $8.9M | 0.7% | Held |
| SFM SPROUTS FARMERS MARKET INC | Consumer discretionary | 92.0K | $7.1M | 0.5% | New |
| HO1 HOLOGIC INC | — | 62.8K | $4.7M | 0.4% | Held |
| ZWS ZURN ELKAY WATER SOLUTIONS C | Industrials | 87.0K | $3.9M | 0.3% | +4.8% |
| RVTY REVVITY INC | Healthcare | 37.5K | $3.3M | 0.2% | +2.7% |
| BFAM BRIGHT HORIZONS FAMILY SOLUT | Services media | 38.5K | $3.2M | 0.2% | +24.2% |
| LRN STRIDE INC | Services media | 32.5K | $2.9M | 0.2% | +54.8% |
| KMB KIMBERLY-CLARK CORP | Other | 28.0K | $2.7M | 0.2% | +7.7% |
| BLKB BLACKBAUD INC | Technology | 66.0K | $2.5M | 0.2% | +11.9% |
| KIDS ORTHOPEDIATRICS CORP | Healthcare | 147.0K | $2.3M | 0.2% | Held |
| LIF LIFE360 INC | Technology | 42.0K | $1.7M | 0.1% | +33.3% |
| DUOL DUOLINGO | Technology | 11.0K | $1.1M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 49 | $1.32B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 51 | $1.38B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 50 | $1.38B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 50 | $1.33B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 50 | $1.22B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 49 | $1.24B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 49 | $1.27B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 47 | $1.14B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 47 | $1.11B | canonical | SEC ↗ |
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