Triodos Investment Management BV
DRIEBERGEN-RIJSENBURG, P7
$1.6bn in 50 US stocks at the end of 30 June 2026. The top 10 are 46.3% of the money. It changed about 9.3% of the portfolio this quarter.
Value
$1.6bn
Stocks
50
Top 10 share
46.3%
Turnover
9.3%
What changed this quarter
New
Bought for the first time this quarter.
- Smurfit WestrockSW1.7% of the fund
- McGraw HillMH0.1% of the fund
Added
Bought more of a stock they already held.
- First SolarFSLR4.6% of the fund+16%
- MastercardMA3.7% of the fund+17%
- Darling IngredientsDAR3.4% of the fund+11%
- Gen DigitalGEN3.1% of the fund+15%
- Watts Water TechnologiesWTS2.5% of the fund+22%
- Procter & GamblePG2.5% of the fund+9%
- Carlisle CompaniesCSL2.4% of the fund+19%
- Eli LillyLLY2.3% of the fund+28%
- Intuitive SurgicalISRG2.2% of the fund+11%
- VeraltoVLTO2.1% of the fund+35%
- AT&TT2.1% of the fund+29%
- ResmedRMD1.7% of the fund+19%
- Mueller Water ProductsMWA1.6% of the fund+3%
- HA Sustainable Infrastructure CapitalHASI1.6% of the fund+23%
- California Water Service GroupCWT1.5% of the fund+19%
- GentexGNTX1.4% of the fund+17%
- MSA SafetyMSA1.4% of the fund+11%
- Cooper CompaniesCOO1.3% of the fund+21%
- Zebra TechnologiesZBRA1.3% of the fund+13%
- Sprouts Farmers MarketSFM1.0% of the fund+114%
- Badger MeterBMI0.7% of the fund+15%
- Zurn Elkay Water SolutionsZWS0.3% of the fund+15%
- RevvityRVTY0.3% of the fund+3%
- Kimberly-ClarkKMB0.2% of the fund+20%
- StrideLRN0.2% of the fund+23%
Cut
Sold some of their stake.
- KLAKLAC6.2% of the fund-32%
- Taiwan Semiconductor ManufacturingTSM6.0% of the fund-6%
- NvidiaNVDA4.7% of the fund-3%
- eBayEBAY3.6% of the fund-2%
- Millicom International Cellular SATIGO2.8% of the fund-3%
- Bright Horizons Family SolutionsBFAM<0.1% of the fund-56%
Sold out
Sold their entire stake.
- Hologic-100%
Holdings
- HA Sustainable Infrastructure CapitalHASI
- Share
- 1.6%
- Value
- $26m
- Shares
- 675,000
+23%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| KLAKLAC | 6.2% | $102m | 340,010 | -32% |
| Taiwan Semiconductor ManufacturingTSM | 6.0% | $99m | 207,153 | -6% |
| Palo Alto NetworksPANW | 5.9% | $97m | 285,300 | Held |
| Advanced Drainage SystemsWMS | 5.0% | $83m | 528,311 | Held |
| NvidiaNVDA | 4.7% | $77m | 384,570 | -3% |
| First SolarFSLR | 4.6% | $76m | 321,250 | +16% |
| MastercardMA | 3.7% | $61m | 118,464 | +17% |
| eBayEBAY | 3.6% | $59m | 526,498 | -2% |
| Darling IngredientsDAR | 3.4% | $57m | 1,035,914 | +11% |
| Gen DigitalGEN | 3.1% | $50m | 2,030,038 | +15% |
| DeereDE | 2.9% | $47m | 74,050 | Held |
| Millicom International Cellular SATIGO | 2.8% | $46m | 504,000 | -3% |
| Edwards LifesciencesEW | 2.7% | $45m | 493,358 | Held |
| Watts Water TechnologiesWTS | 2.5% | $41m | 105,000 | +22% |
| Procter & GamblePG | 2.5% | $41m | 277,095 | +9% |
| Carlisle CompaniesCSL | 2.4% | $39m | 106,750 | +19% |
| Eli LillyLLY | 2.3% | $38m | 32,050 | +28% |
| Intuitive SurgicalISRG | 2.2% | $35m | 89,187 | +11% |
| VeraltoVLTO | 2.1% | $35m | 396,500 | +35% |
| Acuity Inc. (de)AYI | 2.1% | $35m | 93,000 | Held |
| Akamai TechnologiesAKAM | 2.1% | $35m | 293,224 | Held |
| AT&TT | 2.1% | $35m | 1,670,265 | +29% |
| XylemXYL | 1.7% | $28m | 235,500 | Held |
| ResmedRMD | 1.7% | $28m | 142,000 | +19% |
| Smurfit WestrockSW | 1.7% | $27m | 586,314 | New |
| Mueller Water ProductsMWA | 1.6% | $27m | 1,043,000 | +3% |
| HA Sustainable Infrastructure CapitalHASI | 1.6% | $26m | 675,000 | +23% |
| Owens CorningOC | 1.5% | $25m | 156,000 | Held |
| California Water Service GroupCWT | 1.5% | $24m | 493,000 | +19% |
| GentexGNTX | 1.4% | $24m | 941,000 | +17% |
| MSA SafetyMSA | 1.4% | $24m | 136,000 | +11% |
| Cooper CompaniesCOO | 1.3% | $21m | 299,500 | +21% |
| Zebra TechnologiesZBRA | 1.3% | $21m | 78,000 | +13% |
| AllegionALLE | 1.2% | $20m | 145,000 | Held |
| Planet FitnessPLNT | 1.2% | $19m | 370,000 | Held |
| Strategic EducationSTRA | 1.0% | $17m | 220,000 | Held |
| Sprouts Farmers MarketSFM | 1.0% | $17m | 197,000 | +114% |
| Universal DisplayOLED | 0.8% | $14m | 161,000 | Held |
| Badger MeterBMI | 0.7% | $11m | 75,000 | +15% |
| IngredionINGR | 0.5% | $7m | 79,000 | Held |
| Zurn Elkay Water SolutionsZWS | 0.3% | $5m | 100,000 | +15% |
| RevvityRVTY | 0.3% | $4m | 38,750 | +3% |
| Kimberly-ClarkKMB | 0.2% | $4m | 33,500 | +20% |
| StrideLRN | 0.2% | $3m | 40,000 | +23% |
| OrthopediatricsKIDS | 0.2% | $3m | 165,000 | +12% |
| Life360LIF | 0.2% | $3m | 52,000 | +24% |
| BlackbaudBLKB | 0.2% | $3m | 92,000 | +39% |
| McGraw HillMH | 0.1% | $2m | 220,000 | New |
| DuolingoDUOL | 0.1% | $2m | 16,000 | +45% |
| Bright Horizons Family SolutionsBFAM | <0.1% | $1m | 17,000 | -56% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 23.3% since 30 June 2025.
Where the money is
Technology35.1%
Industrials25.6%
Health care10.7%
Retail & consumer7.6%
Everyday goods7.6%
Financial services5.3%
Media & telecom5.0%
Materials1.7%
Utilities1.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.