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 |
Xylem
XYL
|
+$7.03M |
| 2 |
Trimble
TRMB
|
+$6.54M |
| 3 |
Cadence Design Systems
CDNS
|
+$5.73M |
| 4 |
Sprouts Farmers Market
SFM
|
+$5.64M |
| 5 |
Colgate-Palmolive
CL
|
+$5.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$5.51M |
| 2 |
Exponent
EXPO
|
+$2.07M |
| 3 |
Cisco
CSCO
|
+$2.03M |
| 4 |
Sunrun
RUN
|
+$1.84M |
| 5 |
Bright Horizons
BFAM
|
+$1.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.01% |
| 2 | Healthcare | 17.43% |
| 3 | Industrials | 16.94% |
| 4 | Materials | 8.62% |
| 5 | Consumer Discretionary | 6.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Thermo Fisher Scientific
TMO
$259B
| $56.1M | 7.91% |
138,272
-13,179
| -9% | -$5.51M |
2018 Q4
26 quarters
|
|
2
Ecolab
ECL
$86.7B
| $44.1M | 6.22% |
163,663
+4,587
| +3% | +$1.17M |
2018 Q4
26 quarters
|
|
3
NVIDIA
NVDA
$3.93T
| $41.8M | 5.9% |
264,875
+27,784
| +12% | +$3.5M |
2018 Q4
26 quarters
|
|
4
Microsoft
MSFT
$3.89T
| $39M | 5.5% |
78,330
+10,509
| +15% | +$4.56M |
2018 Q4
26 quarters
|
|
5
Accenture
ACN
$148B
| $37.6M | 5.31% |
125,912
+6,234
| +5% | +$1.9M |
2023 Q1
9 quarters
|
|
6
Eli Lilly
LLY
$1.29T
| $22.5M | 3.17% |
28,850
+2,125
| +8% | +$1.65M |
2018 Q4
26 quarters
|
|
7
Waste Management
WM
$97B
| $19.1M | 2.7% |
83,688
+18,616
| +29% | +$4.32M |
2019 Q1
25 quarters
|
|
|
8
Xylem
XYL
$21.6B
| $18.7M | 2.63% |
144,268
+58,047
| +67% | +$7.03M |
2019 Q2
24 quarters
|
|
|
9
Trimble
TRMB
$12.8B
| $17.8M | 2.51% |
234,596
+97,348
| +71% | +$6.54M |
2020 Q3
19 quarters
|
|
10
Visa
V
$794B
| $17.7M | 2.5% |
49,953
+4,979
| +11% | +$1.74M |
2018 Q4
26 quarters
|
|
11
American Water Works
AWK
$29.8B
| $16.1M | 2.27% |
115,904
+36,126
| +45% | +$5.18M |
2018 Q4
26 quarters
|
|
12
American Express
AXP
$215B
| $15.8M | 2.23% |
49,506
+3,721
| +8% | +$1.05M |
2021 Q1
17 quarters
|
|
13
Bentley Systems
BSY
$13.4B
| $14.3M | 2.02% |
265,763
+90,166
| +51% | +$4.17M |
2022 Q3
11 quarters
|
|
|
14
Colgate-Palmolive
CL
$79.2B
| $11.9M | 1.68% |
131,019
+58,759
| +81% | +$5.36M |
2019 Q1
25 quarters
|
|
15
Badger Meter
BMI
$4.48B
| $11.9M | 1.67% |
48,417
+23,274
| +93% | +$5.27M |
2023 Q4
6 quarters
|
|
16
Stryker
SYK
$118B
| $11.4M | 1.61% |
28,779
+2,643
| +10% | +$989K |
2019 Q1
25 quarters
|
|
17
eBay
EBAY
$53.1B
| $11M | 1.56% |
148,333
+58,934
| +66% | +$4.18M |
2018 Q4
26 quarters
|
|
|
18
Cadence Design Systems
CDNS
$88.6B
| $10.7M | 1.5% |
34,591
+19,690
| +132% | +$5.73M |
2024 Q2
4 quarters
|
|
|
19
Sprouts Farmers Market
SFM
$4.8B
| $9.9M | 1.39% |
59,975
+34,536
| +136% | +$5.64M |
2022 Q4
10 quarters
|
|
20
Zoetis
ZTS
$34.1B
| $9.9M | 1.39% |
63,170
+31,949
| +102% | +$5.07M |
2023 Q4
6 quarters
|
|
21
Intuitive Surgical
ISRG
$154B
| $9.42M | 1.33% |
17,327
+3,060
| +21% | +$1.6M |
2019 Q1
25 quarters
|
|
22
IDEX
IEX
$17.5B
| $8.71M | 1.23% |
49,611
+24,314
| +96% | +$4.31M |
2020 Q4
18 quarters
|
|
23
Procter & Gamble
PG
$394B
| $8.61M | 1.21% |
54,012
+8,936
| +20% | +$1.46M |
2018 Q4
26 quarters
|
|
24
Linde
LIN
$242B
| $8.57M | 1.21% |
18,269
+4,536
| +33% | +$2.07M |
2023 Q1
9 quarters
|
|
25
First Solar
FSLR
$18.4B
| $8.03M | 1.13% |
48,511
+23,228
| +92% | +$3.43M |
2022 Q3
11 quarters
|
|
Similar funds
Mirova's Q2 2025 Portfolio in Review
As of Q2 2025, Mirova held 141 positions worth $709M, up 28% from $556M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Mirova deployed $113M of net new capital in Q2 2025, opening 7 new positions and adding to 61 existing holdings. Its largest new stake was Hubbell: 5,000 shares worth $2.04M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 31% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Thermo Fisher Scientific, an estimated $5.51M trimmed.
- Mirova's largest Q2 2025 buy was Hubbell: 5,000 shares worth $2.04M.
- Mirova added most to Xylem in Q2 2025, an estimated $7.03M increase.
- Mirova's biggest Q2 2025 reduction was Thermo Fisher Scientific, cutting an estimated $5.51M.
- Mirova fully exited Omnicom Group in Q2 2025, selling an estimated $659K.
- Mirova's ten largest holdings make up 44% of its $709M portfolio in Q2 2025.
- Mirova opened 7 new positions and closed 22 in Q2 2025.
- Mirova's portfolio value rose 28% quarter-over-quarter to $709M.
Based on Mirova's 13F filing for Q2 2025, filed 13 Aug 2025.