Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionFirst Foundation Advisors
Latest Disclosed Ownership1,264 shares
Latest Disclosed Value $ 336,249
First Foundation Advisors reports 1.40% decrease in ownership of ECL / Ecolab Inc.

On May 4, 2026 - First Foundation Advisors filed a 13F-HR form disclosing ownership of 1,264 shares of Ecolab Inc. (MX:ECL) valued at $336,249 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 1,282 shares of Ecolab Inc.. This represents a change in shares of -1.40% 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)
2026-05-04 2026-03-31 13F ECOLAB COM 278865100 1,264 -18 -1.40 336 0.00 0.0122
2026-02-04 2025-12-31 13F ECOLAB COM 278865100 1,282 5 0.39 337 -3.72 0.0127
2025-11-17 2025-09-30 13F ECOLAB COM 278865100 1,277 7 0.55 350 2.05 0.0129
2025-08-14 2025-06-30 13F ECOLAB COM 278865100 1,270 454 55.64 342 66.02 0.0127
2025-05-08 2025-03-31 13F ECOLAB COM 278865100 816 816 207 0.0084
2025-02-13 2024-12-31 13F ECOLAB COM 278865100 0 -810 -100.00 0 -100.00
2024-11-14 2024-09-30 13F ECOLAB COM 278865100 810 10 1.25 207 8.42 0.0078
2024-08-06 2024-06-30 13F ECOLAB COM 278865100 800 -38 -4.53 190 -1.55 0.0073
2024-05-10 2024-03-31 13F ECOLAB COM 278865100 838 0 0.00 193 16.27 0.0077
2024-02-14 2023-12-31 13F ECOLAB COM 278865100 838 -1,042 -55.43 166 -47.80 0.0076
2023-11-15 2023-09-30 13F ECOLAB COM 278865100 1,880 171 10.01 318 -0.31 0.0149
2023-08-14 2023-06-30 13F ECOLAB COM 278865100 1,709 59 3.58 319 16.85 0.0138
2023-05-12 2023-03-31 13F ECOLAB COM 278865100 1,650 -289 -14.90 273 -3.19 0.0126
2023-02-14 2022-12-31 13F ECOLAB COM 278865100 1,939 -94 -4.62 282 -4.08 0.0135
2022-11-14 2022-09-30 13F ECOLAB COM 278865100 2,033 25 1.25 294 -4.85 0.0144
2022-08-12 2022-06-30 13F ECOLAB COM 278865100 2,008 -15 -0.74 309 -13.45 0.0136
2022-05-05 2022-03-31 13F ECOLAB COM 278865100 2,023 98 5.09 357 -21.02 0.0129
2022-02-14 2021-12-31 13F ECOLAB COM 278865100 1,925 21 1.10 452 13.85 0.0155
2021-11-15 2021-09-30 13F ECOLAB COM 278865100 1,904 221 13.13 397 14.41 0.0148
2021-08-13 2021-06-30 13F ECOLAB COM 278865100 1,683 -69 -3.94 347 -7.47 0.0134
2021-05-18 2021-03-31 13F ECOLAB COM 278865100 1,752 -293 -14.33 375 -15.16 0.0161
2021-02-16 2020-12-31 13F ECOLAB COM 278865100 2,045 396 24.01 442 33.94 0.0196
2020-11-12 2020-09-30 13F Ecolab COM 278865100 1,649 481 41.18 330 42.24 0.0153
2020-08-14 2020-06-30 13F Ecolab COM 278865100 1,168 1,168 232 0.0120
2020-05-11 2020-03-31 13F Ecolab COM 278865100 0 -1,181 -100.00 0 -100.00
2020-02-11 2019-12-31 13F Ecolab COM 278865100 1,181 59 5.26 228 2.70 0.0113
2019-11-12 2019-09-30 13F Ecolab COM 278865100 1,122 1,122 222 0.0119
2017-11-14 2017-09-30 13F Ecolab COM 278865100 0 -2,817 -100.00 0 -100.00
2017-08-14 2017-06-30 13F Ecolab COM 278865100 2,817 -97 -3.33 374 2.47 0.0220
2017-05-05 2017-03-31 13F Ecolab COM 278865100 2,914 -19 -0.65 365 6.10 0.0226
2017-02-14 2016-12-31 13F Ecolab COM 278865100 2,933 63 2.20 344 -1.43 0.0225
2016-11-14 2016-09-30 13F Ecolab COM 278865100 2,870 -2,294 -44.42 349 -42.97 0.0241
2016-08-16 2016-06-30 13F Ecolab COM 278865100 5,164 238 4.83 612 11.48 0.0439
2016-05-13 2016-03-31 13F Ecolab COM 278865100 4,926 155 3.25 549 0.55 0.0399
2016-02-16 2015-12-31 13F Ecolab COM 278865100 4,771 2,000 72.18 546 79.61 0.0373
2015-11-16 2015-09-30 13F Ecolab COM 278865100 2,771 0 0.00 304 -2.88 0.0250
2015-08-13 2015-06-30 13F Ecolab COM 278865100 2,771 -190 -6.42 313 -7.67 0.0249
2015-05-14 2015-03-31 13F Ecolab COM 278865100 2,961 0 0.00 339 9.71 0.0284
2015-02-17 2014-12-31 13F Ecolab COM 278865100 2,961 150 5.34 309 -4.33 0.0272
2014-11-14 2014-09-30 13F Ecolab COM 278865100 2,811 50 1.81 323 5.21 0.0321
2014-08-15 2014-06-30 13F Ecolab COM 278865100 2,761 370 15.47 307 18.99 0.0335
2014-05-15 2014-03-31 13F Ecolab COM 278865100 2,391 -80 -3.24 258 0.00 0.0320
2014-02-14 2013-12-31 13F Ecolab COM 278865100 2,471 60 2.49 258 8.40 0.0347
2013-11-15 2013-09-30 13F Ecolab COM 278865100 2,411 2,411 238 0.0370
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.