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 |
Enphase Energy
ENPH
|
+$8.74M |
| 2 |
Accenture
ACN
|
+$2.08M |
| 3 |
Stericycle Inc
SRCL
|
+$1.83M |
| 4 |
Estee Lauder
EL
|
+$1.3M |
| 5 |
CGI
GIB
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ecolab
ECL
|
+$38.5M |
| 2 |
Thermo Fisher Scientific
TMO
|
+$23.6M |
| 3 |
NVIDIA
NVDA
|
+$5.32M |
| 4 |
Microsoft
MSFT
|
+$3.32M |
| 5 |
eBay
EBAY
|
+$2.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.37% |
| 2 | Healthcare | 26.5% |
| 3 | Industrials | 8.59% |
| 4 | Materials | 7.88% |
| 5 | Consumer Staples | 4.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Thermo Fisher Scientific
TMO
$259B
| $116M | 20.46% |
222,838
-43,642
| -16% | -$23.6M |
2018 Q4
18 quarters
|
|
|
2
Enphase Energy
ENPH
$3.45B
| $46.9M | 8.25% |
280,021
+48,912
| +21% | +$8.74M |
2020 Q3
11 quarters
|
|
|
3
Accenture
ACN
$148B
| $36.7M | 6.47% |
119,091
+7,166
| +6% | +$2.08M |
2023 Q1
1 quarter
|
|
4
Sunrun
RUN
$2.09B
| $35.3M | 6.21% |
1,974,682
-113,566
| -5% | -$2.11M |
2019 Q4
14 quarters
|
|
|
5
Ecolab
ECL
$86.7B
| $34.8M | 6.12% |
186,309
-223,892
| -55% | -$38.5M |
2018 Q4
18 quarters
|
|
|
6
CGI
GIB
$16.7B
| $30.2M | 5.32% |
286,292
+11,594
| +4% | +$1.18M |
2018 Q4
18 quarters
|
|
|
7
Microsoft
MSFT
$3.89T
| $15.7M | 2.76% |
46,103
-10,586
| -19% | -$3.32M |
2018 Q4
18 quarters
|
|
|
8
NVIDIA
NVDA
$3.93T
| $12.1M | 2.14% |
286,860
-160,120
| -36% | -$5.32M |
2018 Q4
18 quarters
|
|
9
Eli Lilly
LLY
$1.29T
| $12.1M | 2.12% |
25,716
-3,182
| -11% | -$1.33M |
2018 Q4
18 quarters
|
|
10
AGCO
AGCO
$7.72B
| $10M | 1.76% |
76,114
-2,228
| -3% | -$276K |
2022 Q1
5 quarters
|
|
11
Waste Management
WM
$97B
| $8.73M | 1.54% |
50,319
-8,363
| -14% | -$1.38M |
2019 Q1
17 quarters
|
|
12
American Water Works
AWK
$29.8B
| $8.4M | 1.48% |
58,812
-2,967
| -5% | -$436K |
2018 Q4
18 quarters
|
|
13
Visa
V
$794B
| $7.55M | 1.33% |
31,789
-6,813
| -18% | -$1.56M |
2018 Q4
18 quarters
|
|
14
Procter & Gamble
PG
$394B
| $7.09M | 1.25% |
46,698
-2,792
| -6% | -$421K |
2018 Q4
18 quarters
|
|
15
Union Pacific
UNP
$180B
| $6.48M | 1.14% |
31,650
-7,370
| -19% | -$1.47M |
2018 Q4
18 quarters
|
|
16
International Flavors & Fragrances
IFF
$20.3B
| $6.17M | 1.09% |
77,545
+283
| +0.4% | +$24.4K |
2018 Q4
18 quarters
|
|
17
Adobe
ADBE
$94.6B
| $5.7M | 1% |
11,652
-3,840
| -25% | -$1.55M |
2018 Q4
18 quarters
|
|
18
Intuitive Surgical
ISRG
$154B
| $5.62M | 0.99% |
16,440
-4,690
| -22% | -$1.42M |
2019 Q1
17 quarters
|
|
19
American Express
AXP
$215B
| $5.5M | 0.97% |
31,549
-8,232
| -21% | -$1.33M |
2021 Q1
9 quarters
|
|
20
Stryker
SYK
$118B
| $5.47M | 0.96% |
17,924
-2,269
| -11% | -$655K |
2019 Q1
17 quarters
|
|
21
General Motors
GM
$72.5B
| $5.46M | 0.96% |
141,611
+8,589
| +6% | +$297K |
2019 Q1
17 quarters
|
|
|
22
Estee Lauder
EL
$40.5B
| $5.36M | 0.94% |
27,294
+6,136
| +29% | +$1.3M |
2018 Q4
18 quarters
|
|
23
Colgate-Palmolive
CL
$79.2B
| $4.89M | 0.86% |
63,454
-6,441
| -9% | -$499K |
2019 Q1
17 quarters
|
|
24
NextEra Energy
NEE
$179B
| $4.78M | 0.84% |
64,407
-21,498
| -25% | -$1.63M |
2018 Q4
18 quarters
|
|
25
Salesforce
CRM
$179B
| $3.82M | 0.67% |
18,064
-8,148
| -31% | -$1.66M |
2018 Q4
18 quarters
|
|
Similar funds
Mirova's Q2 2023 Portfolio in Review
As of Q2 2023, Mirova held 166 positions worth $568M, down 18% from $693M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Mirova withdrew a net $124M in Q2 2023, closing 3 positions and reducing 133 holdings. Its most notable exit was Shaw Communications Inc., an estimated $705K position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 34% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Mirova opened a new position in Stericycle Inc worth $1.94M.
- Mirova's largest Q2 2023 buy was Stericycle Inc: 41,830 shares worth $1.94M.
- Mirova added most to Enphase Energy in Q2 2023, an estimated $8.74M increase.
- Mirova's biggest Q2 2023 reduction was Ecolab, cutting an estimated $38.5M.
- Mirova fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $705K.
- Mirova's ten largest holdings make up 62% of its $568M portfolio in Q2 2023.
- Mirova opened 2 new positions and closed 3 in Q2 2023.
- Mirova's portfolio value fell 18% quarter-over-quarter to $568M.
Based on Mirova's 13F filing for Q2 2023, filed 11 Aug 2023.