Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionFulcrum Capital LLC
Latest Disclosed Ownership5,418 shares
Latest Disclosed Value $ 1,441,296
Fulcrum Capital LLC reports 0.40% decrease in ownership of ECL / Ecolab Inc.

On April 30, 2026 - Fulcrum Capital LLC filed a 13F-HR form disclosing ownership of 5,418 shares of Ecolab Inc. (MX:ECL) valued at $1,441,296 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 15, 2026 disclosing 5,440 shares of Ecolab Inc.. This represents a change in shares of -0.40% 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)
2026-04-30 2026-03-31 13F ECOLAB COM 278865100 5,418 -22 -0.40 1,441 0.91 0.3129
2026-01-15 2025-12-31 13F ECOLAB COM 278865100 5,440 33 0.61 1,428 -3.51 0.2868
2025-10-28 2025-09-30 13F ECOLAB COM 278865100 5,407 -843 -13.49 1,481 -12.11 0.3036
2025-07-24 2025-06-30 13F ECOLAB COM 278865100 6,250 -222 -3.43 1,684 2.68 0.3562
2025-04-08 2025-03-31 13F ECOLAB COM 278865100 6,472 -197 -2.95 1,641 4.99 0.3637
2025-01-13 2024-12-31 13F ECOLAB COM 278865100 6,669 -14 -0.21 1,563 -8.44 0.3272
2024-10-22 2024-09-30 13F ECOLAB COM 278865100 6,683 -128 -1.88 1,706 5.24 0.3717
2024-07-22 2024-06-30 13F ECOLAB COM 278865100 6,811 64 0.95 1,621 4.11 0.3691
2024-04-17 2024-03-31 13F ECOLAB COM 278865100 6,747 16 0.24 1,558 16.63 0.3697
2024-01-10 2023-12-31 13F ECOLAB COM 278865100 6,731 -2,178 -24.45 1,335 -11.53 0.3452
2023-10-13 2023-09-30 13F ECOLAB COM 278865100 8,909 -421 -4.51 1,509 -13.33 0.4381
2023-07-27 2023-06-30 13F ECOLAB COM 278865100 9,330 -344 -3.56 1,742 8.74 0.4581
2023-05-11 2023-03-31 13F ECOLAB COM 278865100 9,674 -1,622 -14.36 1,601 -2.62 0.4311
2023-01-24 2022-12-31 13F ECOLAB COM 278865100 11,296 299 2.72 1,644 3.53 0.4752
2022-10-17 2022-09-30 13F ECOLAB COM 278865100 10,997 -707 -6.04 1,588 -11.78 0.4717
2022-08-03 2022-06-30 13F ECOLAB COM 278865100 11,704 -13,793 -54.10 1,800 -69.90 0.5657
2022-01-25 2021-12-31 13F ECOLAB COM 278865100 25,497 1,488 6.20 5,981 19.41 1.2970
2021-10-21 2021-09-30 13F ECOLAB COM 278865100 24,009 1,021 4.44 5,009 5.79 1.1984
2021-07-30 2021-06-30 13F ECOLAB COM 278865100 22,988 1,693 7.95 4,735 3.86 1.1879
2021-04-12 2021-03-31 13F ECOLAB COM 278865100 21,295 636 3.08 4,559 1.99 1.3074
2021-02-09 2020-12-31 13F ECOLAB COM 278865100 20,659 821 4.14 4,470 12.76 1.3370
2020-10-21 2020-09-30 13F ECOLAB COM 278865100 19,838 -202 -1.01 3,964 -0.58 1.4338
2020-07-27 2020-06-30 13F ECOLAB COM 278865100 20,040 -2,870 -12.53 3,987 11.68 1.5110
2020-05-01 2020-03-31 13F ECOLAB COM 278865100 22,910 -228 -0.99 3,570 -20.04 1.6206
2020-02-03 2019-12-31 13F ECOLAB COM 278865100 23,138 816 3.66 4,465 1.00 1.3826
2019-11-01 2019-09-30 13F/A-1 Ecolab COM 278865100 22,322 -3,935 -14.99 4,421 -14.72 1.5097
2019-10-31 2019-09-30 13F Ecolab COM 278865100 22,322 -3,935 2,361 0.8280
2019-07-29 2019-06-30 13F Ecolab COM 278865100 26,257 -1,059 -3.88 5,184 7.51 1.8977
2019-05-08 2019-03-31 13F ECOLAB COM 278865100 27,316 371 1.38 4,822 21.46 1.8210
2019-02-12 2018-12-31 13F ECOLAB COM 278865100 26,945 711 2.71 3,970 -3.48 1.7888
2018-11-05 2018-09-30 13F ECOLAB COM 278865100 26,234 -512 -1.91 4,113 9.59 1.6037
2018-08-03 2018-06-30 13F ECOLAB COM 278865100 26,746 -230 -0.85 3,753 1.49 1.7918
2018-05-09 2018-03-31 13F ECOLAB COM 278865100 26,976 -378 -1.38 3,698 0.76 1.2040
2018-01-30 2017-12-31 13F ECOLAB COM 278865100 27,354 27,354 3,670 1.1899
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.