Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership5,990,534 shares
Latest Disclosed Value $ 1,607,983,760
Geode Capital Management, Llc reports 6.30% increase in ownership of ECL / Ecolab Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 5,990,534 shares of Ecolab Inc. (MX:ECL) valued at $1,607,983,760 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 5,635,339 shares of Ecolab Inc.. This represents a change in shares of 6.30% 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)
2026-05-15 2026-03-31 13F ECOLAB COM 278865100 5,990,534 355,195 6.30 1,607,984 9.19 0.0535
2026-02-09 2025-12-31 13F ECOLAB COM 278865100 5,635,339 46,569 0.83 1,472,599 -3.32 0.0909
2025-11-12 2025-09-30 13F ECOLAB COM 278865100 5,588,770 109,241 1.99 1,523,110 3.68 0.0972
2025-08-08 2025-06-30 13F ECOLAB COM 278865100 5,479,529 22,986 0.42 1,469,019 6.59 0.1030
2025-05-13 2025-03-31 13F ECOLAB COM 278865100 5,456,543 183,266 3.48 1,378,180 11.88 0.1083
2025-02-12 2024-12-31 13F ECOLAB COM 278865100 5,273,277 91,475 1.77 1,231,873 -6.52 0.0955
2024-11-12 2024-09-30 13F ECOLAB COM 278865100 5,181,802 68,043 1.33 1,317,811 8.62 0.1067
2024-08-09 2024-06-30 13F ECOLAB COM 278865100 5,113,759 134,978 2.71 1,213,247 5.85 0.1065
2024-05-13 2024-03-31 13F ECOLAB COM 278865100 4,978,781 151,415 3.14 1,146,204 20.08 0.1060
2024-02-13 2023-12-31 13F ECOLAB COM 278865100 4,827,366 -14,509 -0.30 954,533 16.66 0.0999
2023-11-13 2023-09-30 13F ECOLAB COM 278865100 4,841,875 208,896 4.51 818,195 -5.12 0.0975
2023-08-11 2023-06-30 13F ECOLAB COM 278865100 4,632,979 21,107 0.46 862,321 13.25 0.1013
2023-05-15 2023-03-31 13F ECOLAB COM 278865100 4,611,872 64,844 1.43 761,451 115,271.21 0.0989
2023-02-13 2022-12-31 13F ECOLAB COM 278865100 4,547,028 104,127 2.34 661 -99.90 0.0927
2022-11-14 2022-09-30 13F ECOLAB COM 278865100 4,442,901 71,534 1.64 640,795 -4.47 0.0972
2022-08-12 2022-06-30 13F ECOLAB COM 278865100 4,371,367 130,933 3.09 670,751 -10.16 0.0983
2022-05-13 2022-03-31 13F ECOLAB COM 278865100 4,240,434 164,742 4.04 746,626 -21.68 0.0932
2022-02-11 2021-12-31 13F ECOLAB COM 278865100 4,075,692 97,763 2.46 953,262 15.22 0.1148
2021-11-12 2021-09-30 13F ECOLAB COM 278865100 3,977,929 -307,846 -7.18 827,358 -6.00 0.1114
2021-08-13 2021-06-30 13F ECOLAB COM 278865100 4,285,775 68,539 1.63 880,197 -2.24 0.1213
2021-05-12 2021-03-31 13F ECOLAB COM 278865100 4,217,236 47,576 1.14 900,329 0.05 0.1377
2021-02-12 2020-12-31 13F ECOLAB COM 278865100 4,169,660 32,035 0.77 899,868 9.05 0.1510
2020-11-13 2020-09-30 13F ECOLAB COM 278865100 4,137,625 470,629 12.83 825,219 13.26 0.1617
2020-08-13 2020-06-30 13F ECOLAB COM 278865100 3,666,996 66,479 1.85 728,613 30.03 0.1559
2020-05-14 2020-03-31 13F ECOLAB COM 278865100 3,600,517 -73,993 -2.01 560,359 -20.83 0.1460
2020-02-20 2019-12-31 13F/A-1 ECOLAB COM 278865100 3,674,510 96,133 2.69 707,794 -0.02 0.1479
2020-02-13 2019-12-31 13F ECOLAB COM 278865100 3,674,510 3,549,274 707,794 90,202.1393
2019-11-12 2019-09-30 13F ECOLAB COM 278865100 3,578,377 85,152 2.44 707,958 2.77 0.1652
2019-08-14 2019-06-30 13F ECOLAB COM 278865100 3,493,225 94,878 2.79 688,891 15.01 0.1667
2019-05-14 2019-03-31 13F ECOLAB COM 278865100 3,398,347 327,949 10.68 598,960 32.64 0.1552
2019-03-06 2018-12-31 13F/A-1 ECOLAB COM 278865100 3,070,398 281,532 10.09 451,565 3.49 0.1396
2019-02-13 2018-12-31 13F ECOLAB COM 278865100 3,070,398 281,532 451,565
2018-11-13 2018-09-30 13F ECOLAB COM 278865100 2,788,866 25,593 0.93 436,317 12.77 0.1229
2018-08-14 2018-06-30 13F ECOLAB COM 278865100 2,763,273 147,553 5.64 386,901 8.20 0.1189
2018-05-15 2018-03-31 13F ECOLAB COM 278865100 2,615,720 151,729 6.16 357,565 8.41 0.1165
2018-02-13 2017-12-31 13F ECOLAB COM 278865100 2,463,991 69,825 2.92 329,838 7.35 0.1120
2017-11-14 2017-09-30 13F ECOLAB COM 278865100 2,394,166 47,427 2.02 307,253 -1.18 0.1134
2017-08-14 2017-06-30 13F ECOLAB COM 278865100 2,346,739 15,280 0.66 310,934 6.57 0.1223
2017-06-21 2017-03-31 13F/A-1 ECOLAB INC COM COM 278865100 2,331,459 171,473 7.94 291,763 15.39 0.1197
2017-05-12 2017-03-31 13F ECOLAB INC COM COM 278865100 2,331,459 291,763
2017-02-14 2016-12-31 13F ECOLAB INC COM COM 278865100 2,159,986 74,487 3.57 252,857 -0.22 0.1176
2016-11-10 2016-09-30 13F ECOLAB INC COM COM 278865100 2,085,499 58,295 2.88 253,409 5.60 0.1276
2016-08-12 2016-06-30 13F ECOLAB INC COM COM 278865100 2,027,204 -31,782 -1.54 239,976 4.73 0.1305
2016-05-13 2016-03-31 13F ECOLAB INC COM COM 278865100 2,058,986 39,907 1.98 229,130 -0.57 0.1216
2016-02-12 2015-12-31 13F ECOLAB INC COM COM 278865100 2,019,079 -18,689 -0.92 230,434 3.27 0.1313
2015-11-13 2015-09-30 13F ECOLAB INC COM COM 278865100 2,037,768 2,913 0.14 223,130 -2.82 0.1353
2015-08-14 2015-06-30 13F ECOLAB INC COM COM 278865100 2,034,855 28,137 1.40 229,610 0.20 0.1311
2015-05-14 2015-03-31 13F ECOLAB INC COM COM 278865100 2,006,718 62,576 3.22 229,152 12.92 0.1310
2015-02-12 2014-12-31 13F ECOLAB INC COM COM 278865100 1,944,142 71,118 3.80 202,927 -5.52 0.1207
2014-11-14 2014-09-30 13F ECOLAB INC COM COM 278865100 1,873,024 -25,505 -1.34 214,790 1.68 0.1392
2014-08-13 2014-06-30 13F ECOLAB INC COM COM 278865100 1,898,529 -14,641 -0.77 211,249 2.29 0.1366
2014-05-14 2014-03-31 13F ECOLAB INC COM COM 278865100 1,913,170 9,614 0.51 206,511 4.08 0.1385
2014-02-14 2013-12-31 13F ECOLAB INC COM COM 278865100 1,903,556 53,235 2.88 198,423 8.61 0.1376
2013-11-14 2013-09-30 13F ECOLAB INC COM COM 278865100 1,850,321 86,711 4.92 182,691 21.62 0.1465
2013-08-14 2013-06-30 13F ECOLAB INC COM COM 278865100 1,763,610 1,763,610 150,210 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.