Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership128,517 shares
Latest Disclosed Value $ 33,738,327
CIBC Private Wealth Group, LLC reports 0.25% decrease in ownership of ECL / Ecolab Inc.

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 128,517 shares of Ecolab Inc. (MX:ECL) valued at $33,738,327 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 128,836 shares of Ecolab Inc.. This represents a change in shares of -0.25% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F ECOLAB COM 278865100 128,517 -319 -0.25 33,738 -4.38 0.0570
2025-11-24 2025-09-30 13F ECOLAB COM 278865100 128,836 -1,270 -0.98 35,283 0.65 0.0604
2025-08-12 2025-06-30 13F ECOLAB COM 278865100 130,106 -1,342 -1.02 35,056 18.19 0.0626
2025-05-14 2025-03-31 13F ECOLAB COM 278865100 131,448 -3,524 -2.61 29,661 -6.31 0.0626
2025-02-12 2024-12-31 13F ECOLAB COM 278865100 134,972 -4,842 -3.46 31,660 -11.31 0.0574
2024-11-13 2024-09-30 13F ECOLAB COM 278865100 139,814 199 0.14 35,699 5.28 0.0640
2024-08-09 2024-06-30 13F ECOLAB COM 278865100 139,615 1,417 1.03 33,910 7.65 0.0636
2024-05-10 2024-03-31 13F ECOLAB COM 278865100 138,198 -1,167 -0.84 31,499 13.95 0.0617
2024-02-13 2023-12-31 13F ECOLAB INC COM COM 278865100 139,365 2,660 1.95 27,643 19.37 0.0585
2023-11-13 2023-09-30 13F ECOLAB INC COM COM 278865100 136,705 -2,650 -1.90 23,158 -10.99 0.0548
2023-11-21 2023-06-30 13F/A-1 ECOLAB INC COM COM 278865100 139,355 -7,245 -4.94 26,016 47.44 0.0569
2023-08-10 2023-06-30 13F ECOLAB INC COM COM 278865100 139,355 -7,245 26,016 0.0569
2023-11-21 2023-03-31 13F/A-1 ECOLAB INC COM COM 278865100 146,600 -19,372 -11.67 17,645 30.07 0.0391
2023-05-12 2023-03-31 13F ECOLAB INC COM COM 278865100 144,831 -21,141 17,499 0.0380
2023-06-01 2022-12-31 13F/A-2 ECOLAB INC COM COM 278865100 165,972 -28,295 -14.57 13,566 -51.65 0.0456
2023-02-14 2022-12-31 13F/A-1 ECOLAB INC COM COM 278865100 165,972 -28,295 24,159 0.0597
2023-02-13 2022-12-31 13F ECOLAB INC COM COM 278865100 324,175 129,908 47,187 0.0000
2022-11-15 2022-09-30 13F ECOLAB INC COM COM 278865100 194,267 -9,416 -4.62 28,057 -10.41 0.0756
2022-08-03 2022-06-30 13F ECOLAB COM 278865100 203,683 -42,137 -17.14 31,318 -27.84 0.0813
2022-05-16 2022-03-31 13F ECOLAB COM 278865100 245,820 -1,067,191 -81.28 43,402 -85.91 0.0947
2022-04-04 2021-12-31 13F/A-1 ECOLAB COM 278865100 1,313,011 8,586 0.66 308,017 13.19 0.6388
2022-02-08 2021-12-31 13F ECOLAB COM 278865100 1,313,011 8,586 308,017 0.6388
2021-11-12 2021-09-30 13F ECOLAB COM 278865100 1,304,425 5,531 0.43 272,130 1.72 0.6331
2021-08-16 2021-06-30 13F ECOLAB COM 278865100 1,298,894 -19,059 -1.45 267,532 -5.18 0.6145
2021-05-12 2021-03-31 13F ECOLAB COM 278865100 1,317,953 -207,377 -13.60 282,134 -14.51 0.7104
2021-02-12 2020-12-31 13F ECOLAB COM 278865100 1,525,330 -110,267 -6.74 330,020 0.97 0.8725
2020-11-03 2020-09-30 13F/A-1 ECOLAB COM 278865100 1,635,597 629,903 62.63 326,858 63.36 1.0012
2020-10-29 2020-09-30 13F ECOLAB COMMON STOCK, R 278865100 1,285 -1,004,409 257 11,295.4670
2020-08-13 2020-06-30 13F ECOLAB INC COM Com 278865100 1,005,694 -559,353 -35.74 200,082 -17.96 0.9723
2020-05-15 2020-03-31 13F ECOLAB COM 278865100 1,565,047 168,742 12.08 243,882 -9.50 1.0459
2020-01-30 2019-12-31 13F ECOLAB COM 278865100 1,396,305 264,220 23.34 269,474 20.20 0.8790
2019-10-16 2019-09-30 13F ECOLAB COM 278865100 1,132,085 -12,501 -1.09 224,197 -0.79 0.7886
2019-07-31 2019-06-30 13F ECOLAB COM 278865100 1,144,586 61,436 5.67 225,988 18.18 0.7930
2019-05-10 2019-03-31 13F ECOLAB COM 278865100 1,083,150 403,326 59.33 191,220 90.89 0.7377
2019-02-05 2018-12-31 13F ECOLAB COM 278865100 679,824 261,791 62.62 100,171 52.84 0.4466
2018-11-14 2018-09-30 13F ECOLAB COM 278865100 418,033 -3,040 -0.72 65,540 10.92 0.2485
2018-08-02 2018-06-30 13F ECOLAB COM 278865100 421,073 7,883 1.91 59,089 4.33 0.2409
2018-05-17 2018-03-31 13F ECOLAB COM 278865100 413,190 -113,533 -21.55 56,637 -19.86 0.2462
2018-02-12 2017-12-31 13F ECOLAB COM 278865100 526,723 -21,381 -3.90 70,676 0.26 0.2998
2017-12-21 2017-09-30 13F/A-1 ECOLAB INC COM COM 278865100 548,104 452,846 475.39 70,492 457.47 0.3213
2017-11-14 2017-09-30 13F ECOLAB INC COM COM 278865100 548,104 452,846 70,492
2017-08-09 2017-06-30 13F ECOLAB INC COM Com 278865100 95,258 -1,885 -1.94 12,645 3.84 0.0794
2017-05-10 2017-03-31 13F ECOLAB INC COM Com 278865100 97,143 -1,402 -1.42 12,177 5.42 0.0765
2017-02-13 2016-12-31 13F ECOLAB INC COM Com 278865100 98,545 -8,471 -7.92 11,551 -11.33 0.0764
2016-11-09 2016-09-30 13F ECOLAB INC COM Com 278865100 107,016 -5,668 -5.03 13,027 -2.52 0.0904
2016-08-11 2016-06-30 13F ECOLAB INC COM Com 278865100 112,684 -25,777 -18.62 13,364 -13.45 0.0976
2016-05-11 2016-03-31 13F ECOLAB INC COM Com 278865100 138,461 2,069 1.52 15,441 -1.02 0.1193
2016-02-10 2015-12-31 13F ECOLAB INC COM Com 278865100 136,392 8,424 6.58 15,600 11.10 0.1221
2015-11-12 2015-09-30 13F ECOLAB INC COM Com 278865100 127,968 -2,108 -1.62 14,042 -4.52 0.1155
2015-08-13 2015-06-30 13F ECOLAB INC COM Com 278865100 130,076 -3,906 -2.92 14,707 -4.03 0.1070
2015-05-11 2015-03-31 13F ECOLAB INC COM Com 278865100 133,982 -2,127 -1.56 15,325 7.73 0.1132
2015-02-12 2014-12-31 13F ECOLAB INC COM Com 278865100 136,109 -2,749 -1.98 14,226 -10.78 0.1089
2014-11-12 2014-09-30 13F ECOLAB INC COM Com 278865100 138,858 -4,321 -3.02 15,945 0.02 0.1254
2014-08-13 2014-06-30 13F ECOLAB INC COM Com 278865100 143,179 137 0.10 15,942 2.63 0.1294
2014-05-14 2014-03-31 13F ECOLAB INC COM COM 278865100 143,042 143,042 15,533 0.1321
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.