Mirova Portfolio holdings
Mirova is a Paris-based asset manager devoted to sustainable investing and an affiliate of Natixis Investment Managers. Philippe Zaouati founded it in 2012 as a department of Natixis Asset Management (later renamed Ostrum Asset Management), and in 2014 it became a direct affiliate of Natixis Investment Managers. Mirova aims to build every portfolio to fit a climate path below 2°C, and its Althelia funds invest in the sustainable management of land and marine resources. It bought SunFunder, a Nairobi-based specialist in clean energy and climate investment in emerging markets, in 2022, and in 2020 became a mission-driven company under French law.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prudential Financial
PRU
|
+$2.97M |
| 2 |
Bentley Systems
BSY
|
+$2.19M |
| 3 |
International Flavors & Fragrances
IFF
|
+$2.09M |
| 4 |
AGCO
AGCO
|
+$1.89M |
| 5 |
Moody's
MCO
|
+$1.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$17.1M |
| 2 |
Mastercard
MA
|
+$10.3M |
| 3 |
Microsoft
MSFT
|
+$8.38M |
| 4 |
Danaher
DHR
|
+$6.37M |
| 5 |
Ecolab
ECL
|
+$5.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 31.06% |
| 2 | Technology | 26.1% |
| 3 | Materials | 14.9% |
| 4 | Industrials | 7.95% |
| 5 | Financials | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Thermo Fisher Scientific
TMO
$259B
| $148M | 24.92% |
292,035
-30,514
| -9% | -$17.1M |
2018 Q4
15 quarters
|
|
|
2
Ecolab
ECL
$86.7B
| $83.4M | 14.03% |
577,229
-36,237
| -6% | -$5.88M |
2018 Q4
15 quarters
|
|
3
Sunrun
RUN
$2.09B
| $56.9M | 9.57% |
2,061,002
+7,134
| +0.3% | +$222K |
2019 Q4
11 quarters
|
|
4
CGI
GIB
$16.7B
| $19.7M | 3.31% |
259,733
+2,390
| +0.9% | +$195K |
2018 Q4
15 quarters
|
|
|
5
Microsoft
MSFT
$3.89T
| $11.8M | 1.99% |
50,794
-31,751
| -38% | -$8.38M |
2018 Q4
15 quarters
|
|
6
Eli Lilly
LLY
$1.29T
| $8.98M | 1.51% |
27,790
-16,596
| -37% | -$5.26M |
2018 Q4
15 quarters
|
|
7
Waste Management
WM
$97B
| $8.15M | 1.37% |
50,866
-8,130
| -14% | -$1.34M |
2019 Q1
14 quarters
|
|
8
Union Pacific
UNP
$180B
| $7.24M | 1.22% |
37,142
-2,149
| -5% | -$476K |
2018 Q4
15 quarters
|
|
9
American Water Works
AWK
$29.8B
| $6.86M | 1.15% |
52,723
-17,062
| -24% | -$2.57M |
2018 Q4
15 quarters
|
|
|
10
Mastercard
MA
$576B
| $6.39M | 1.07% |
22,463
-30,976
| -58% | -$10.3M |
2018 Q4
15 quarters
|
|
11
Enphase Energy
ENPH
$3.45B
| $6.32M | 1.06% |
22,769
-9,076
| -29% | -$2.45M |
2020 Q3
8 quarters
|
|
12
NVIDIA
NVDA
$3.93T
| $6.23M | 1.05% |
513,550
-224,310
| -30% | -$3.55M |
2018 Q4
15 quarters
|
|
|
13
AGCO
AGCO
$7.72B
| $5.84M | 0.98% |
60,768
+18,143
| +43% | +$1.89M |
2022 Q1
2 quarters
|
|
14
Tesla
TSLA
$1.54T
| $5.15M | 0.87% |
19,415
+17
| +0.1% | +$4.75K |
2020 Q3
8 quarters
|
|
15
NextEra Energy
NEE
$179B
| $4.84M | 0.81% |
61,773
-49,460
| -44% | -$4.2M |
2018 Q4
15 quarters
|
|
16
Plug Power
PLUG
$1.55B
| $4.84M | 0.81% |
230,539
+29,311
| +15% | +$699K |
2021 Q1
6 quarters
|
|
17
Visa
V
$794B
| $4.78M | 0.8% |
26,908
-18,721
| -41% | -$3.81M |
2018 Q4
15 quarters
|
|
|
18
International Flavors & Fragrances
IFF
$20.3B
| $4.44M | 0.75% |
48,900
+18,288
| +60% | +$2.09M |
2018 Q4
15 quarters
|
|
19
Colgate-Palmolive
CL
$79.2B
| $4.3M | 0.72% |
61,154
-12,458
| -17% | -$977K |
2019 Q1
14 quarters
|
|
20
Stryker
SYK
$118B
| $4.22M | 0.71% |
20,823
-364
| -2% | -$76.6K |
2019 Q1
14 quarters
|
|
21
Estee Lauder
EL
$40.5B
| $4.18M | 0.7% |
19,379
-7,298
| -27% | -$1.86M |
2018 Q4
15 quarters
|
|
22
Intuitive Surgical
ISRG
$154B
| $4.12M | 0.69% |
21,980
-6,025
| -22% | -$1.29M |
2019 Q1
14 quarters
|
|
23
Adobe
ADBE
$94.6B
| $4.1M | 0.69% |
14,907
-13,051
| -47% | -$4.94M |
2018 Q4
15 quarters
|
|
24
XPLR Infrastructure LP
XIFR
$716M
| $4.04M | 0.68% |
55,907
+7,123
| +15% | +$571K |
2020 Q3
8 quarters
|
|
25
Itron
ITRI
$4.21B
| $3.99M | 0.67% |
94,665
+9,519
| +11% | +$474K |
2020 Q2
9 quarters
|
|
Similar funds
Mirova's Q3 2022 Portfolio in Review
As of Q3 2022, Mirova held 196 positions worth $594M, down 16% from $704M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Mirova withdrew a net $91.7M in Q3 2022, closing 25 positions and reducing 93 holdings. Its most notable exit was Roper Technologies, an estimated $4.71M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 31% of assets, down from 33% a quarter earlier, followed by Technology and Materials.
Against the trend, Mirova opened a new position in Prudential Financial worth $2.65M.
- Mirova's largest Q3 2022 buy was Prudential Financial: 30,886 shares worth $2.65M.
- Mirova added most to International Flavors & Fragrances in Q3 2022, an estimated $2.09M increase.
- Mirova's biggest Q3 2022 reduction was Thermo Fisher Scientific, cutting an estimated $17.1M.
- Mirova fully exited Roper Technologies in Q3 2022, selling an estimated $4.71M.
- Mirova's ten largest holdings make up 60% of its $594M portfolio in Q3 2022.
- Mirova opened 25 new positions and closed 25 in Q3 2022.
- Mirova's portfolio value fell 16% quarter-over-quarter to $594M.
Based on Mirova's 13F filing for Q3 2022, filed 14 Nov 2022.