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MU

Mirova US Portfolio holdings

AUM $8.81B
1-Year Est. Return 21.38%
This Fund
S&P 500
This Quarter Est. Return
+7.39%
1 Year Est. Return
+21.38%
3 Year Est. Return
+80.7%
5 Year Est. Return
+106.85%
10 Year Est. Return
–
AUM
$9.9B
AUM Growth
+$242M
Cap. Flow
-$316M
Cap. Flow %
-3.19%
Top 10 Hldgs %
56.26%
Holding
36
New
1
Increased
5
Reduced
30
Closed
–

Top Buys

1
AVGO icon
Broadcom
AVGO
+$104M
2
HUBB icon
Hubbell
HUBB
+$61.9M
3
JCI icon
Johnson Controls International
JCI
+$1.33M
4
NDAQ icon
Nasdaq
NDAQ
+$1.23M
5
INTU icon
Intuit
INTU
+$1.18M

Top Sells

1
WTS icon
Watts Water Technologies
WTS
+$74.1M
2
ECL icon
Ecolab
ECL
+$61.9M
3
NVDA icon
NVIDIA
NVDA
+$48.8M
4
MSFT icon
Microsoft
MSFT
+$40.2M
5
MA icon
Mastercard
MA
+$24.2M

Sector Composition

1 Technology 44.74%
2 Industrials 14.62%
3 Healthcare 13.12%
4 Financials 8.72%
5 Consumer Discretionary 8.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.02T
$1.19B 11.99%
6,362,230
-279,887
-4% -$48.8M
MSFT icon
2
Microsoft
MSFT
$2.98T
$976M 9.86%
1,885,058
-78,741
-4% -$40.2M
MA icon
3
Mastercard
MA
$487B
$585M 5.91%
1,028,601
-42,095
-4% -$24.2M
ECL icon
4
Ecolab
ECL
$77.6B
$500M 5.05%
1,824,872
-227,931
-11% -$61.9M
TSM icon
5
TSMC
TSM
$2.13T
$484M 4.89%
1,732,421
-64,663
-4% -$15.8M
SHOP icon
6
Shopify
SHOP
$162B
$428M 4.33%
2,882,479
-142,276
-5% -$19.3M
TJX icon
7
TJX Companies
TJX
$171B
$375M 3.79%
2,594,672
-104,484
-4% -$13.9M
ROP icon
8
Roper Technologies
ROP
$36.8B
$352M 3.55%
705,495
-28,049
-4% -$15M
PANW icon
9
Palo Alto Networks
PANW
$289B
$350M 3.53%
1,717,294
-65,280
-4% -$12.5M
EBAY icon
10
eBay
EBAY
$49.2B
$334M 3.38%
3,675,555
-157,368
-4% -$13.9M
WM icon
11
Waste Management
WM
$97.3B
$323M 3.26%
1,462,037
-55,752
-4% -$12.6M
TMO icon
12
Thermo Fisher Scientific
TMO
$202B
$320M 3.24%
660,789
-26,277
-4% -$12.2M
LLY icon
13
Eli Lilly
LLY
$1.04T
$290M 2.93%
380,667
-14,588
-4% -$10.9M
NEE icon
14
NextEra Energy
NEE
$186B
$290M 2.92%
3,835,334
-155,857
-4% -$11.4M
XYL icon
15
Xylem
XYL
$29.8B
$285M 2.88%
1,933,134
-67,365
-3% -$9.34M
V icon
16
Visa
V
$694B
$272M 2.74%
795,926
-30,014
-4% -$10.4M
ISRG icon
17
Intuitive Surgical
ISRG
$142B
$245M 2.48%
548,599
-19,524
-3% -$9.37M
AWK icon
18
American Water Works
AWK
$26.2B
$226M 2.29%
1,626,653
-53,521
-3% -$7.56M
DHR icon
19
Danaher
DHR
$145B
$223M 2.26%
1,126,791
-42,414
-4% -$8.44M
EW icon
20
Edwards Lifesciences
EW
$50.6B
$219M 2.22%
2,822,092
-109,205
-4% -$8.53M
HUBB icon
21
Hubbell
HUBB
$25.5B
$209M 2.11%
485,165
+143,876
+42% +$61.9M
FSLR icon
22
First Solar
FSLR
$22.8B
$201M 2.03%
911,917
-33,014
-3% -$6.34M
ACN icon
23
Accenture
ACN
$88.5B
$183M 1.84%
740,370
-30,865
-4% -$8.05M
CP icon
24
Canadian Pacific Kansas City
CP
$82.5B
$156M 1.58%
2,093,702
-89,178
-4% -$6.81M
CRM icon
25
Salesforce
CRM
$141B
$154M 1.56%
651,604
-27,609
-4% -$6.96M
1
2

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MERSOM
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CFB
Cullen/Frost Bankers San Antonio, Texas $8.81B AUM 22.47% 1-Year Est. Return
MOACM
Mutual of America Capital Management New York $8.8B AUM 29.06% 1-Year Est. Return
SWP
Stratos Wealth Partners Beachwood, Ohio $8.8B AUM 21.82% 1-Year Est. Return
CB
Cooke & Bieler Philadelphia, Pennsylvania $8.84B AUM 6.92% 1-Year Est. Return
WT
Whittier Trust South Pasadena, California $8.86B AUM 28.01% 1-Year Est. Return
OAM
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PEA
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Mirova US's Q3 2025 Portfolio in Review

As of Q3 2025, Mirova US held 36 positions worth $9.9B, up 2.5% from $9.66B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Mirova US withdrew a net $316M in Q3 2025, reducing 30 holdings. Its largest reduction was Watts Water Technologies, cutting an estimated $74.1M.

By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 43% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Mirova US opened a new position in Broadcom worth $112M.

  • Mirova US's largest Q3 2025 buy was Broadcom: 339,947 shares worth $112M.
  • Mirova US added most to Hubbell in Q3 2025, an estimated $61.9M increase.
  • Mirova US's biggest Q3 2025 reduction was Watts Water Technologies, cutting an estimated $74.1M.
  • Mirova US's ten largest holdings make up 56% of its $9.9B portfolio in Q3 2025.
  • Mirova US opened 1 new position and closed 0 in Q3 2025.
  • Mirova US's portfolio value rose 2.5% quarter-over-quarter to $9.9B.

Based on Mirova US's 13F filing for Q3 2025, filed 20 Oct 2025.