Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionMerit Financial Group, LLC
Latest Disclosed Ownership14,173 shares
Latest Disclosed Value $ 3,770,574
Merit Financial Group, LLC reports 11.29% increase in ownership of ECL / Ecolab Inc.

On April 15, 2026 - Merit Financial Group, LLC filed a 13F-HR form disclosing ownership of 14,173 shares of Ecolab Inc. (MX:ECL) valued at $3,770,574 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 12,735 shares of Ecolab Inc.. This represents a change in shares of 11.29% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-04-15 2026-03-31 13F ECOLAB COM 278865100 14,173 1,438 11.29 3,771 12.77 0.0217
2026-01-26 2025-12-31 13F ECOLAB COM 278865100 12,735 4,823 60.96 3,343 54.34 0.0268
2025-11-07 2025-09-30 13F/A-1 ECOLAB COM 278865100 7,912 153 1.97 2,167 3.64 0.0199
2025-10-20 2025-09-30 13F ECOLAB COM 278865100 7,913 154 2,167 0.0199
2025-07-22 2025-06-30 13F ECOLAB COM 278865100 7,759 3,521 83.08 2,090 94.60 0.0233
2025-04-09 2025-03-31 13F ECOLAB COM 278865100 4,238 1,675 65.35 1,074 79.00 0.0161
2025-01-15 2024-12-31 13F ECOLAB COM 278865100 2,563 1,280 99.77 601 83.49 0.0108
2024-10-17 2024-09-30 13F ECOLAB COM 278865100 1,283 -993 -43.63 328 -39.56 0.0073
2024-08-13 2024-06-30 13F ECOLAB COM 278865100 2,276 170 8.07 542 12.94 0.0119
2024-05-06 2024-03-31 13F ECOLAB COM 278865100 2,106 243 13.04 479 29.81 0.0114
2024-02-06 2023-12-31 13F ECOLAB COM 278865100 1,863 428 29.83 370 51.85 0.0112
2023-11-07 2023-09-30 13F ECOLAB COM 278865100 1,435 77 5.67 243 -3.95 0.0080
2023-08-01 2023-06-30 13F ECOLAB COM 278865100 1,358 44 3.35 254 16.59 0.0082
2023-04-24 2023-03-31 13F ECOLAB COM 278865100 1,314 1,314 218 0.0079
2023-01-13 2022-12-31 13F ECOLAB COM 278865100 0 -1,713 -100.00 0 -100.00
2022-10-31 2022-09-30 13F ECOLAB COM 278865100 1,713 229 15.43 247 8.33 0.0107
2022-08-08 2022-06-30 13F ECOLAB COM 278865100 1,484 166 12.59 228 -2.15 0.0071
2022-05-13 2022-03-31 13F ECOLAB COM 278865100 1,318 0 0.00 233 -24.60 0.0141
2022-02-14 2021-12-31 13F ECOLAB COM 278865100 1,318 0 0.00 309 12.36 0.0303
2021-10-27 2021-09-30 13F ECOLAB COM 278865100 1,318 0 0.00 275 1.48 0.0288
2021-08-16 2021-06-30 13F ECOLAB COM 278865100 1,318 0 0.00 271 -3.90 0.0255
2021-05-18 2021-03-31 13F ECOLAB COM 278865100 1,318 0 0.00 282 -1.05 0.0295
2021-02-12 2020-12-31 13F ECOLAB COM 278865100 1,318 0 0.00 285 8.37 0.0275
2020-11-10 2020-09-30 13F ECOLAB COM 278865100 1,318 0 0.00 263 0.38 0.0240
2020-08-13 2020-06-30 13F ECOLAB COM 278865100 1,318 0 0.00 262 27.80 0.0261
2020-05-05 2020-03-31 13F ECOLAB COM 278865100 1,318 -80 -5.72 205 -24.07 0.0229
2020-01-16 2019-12-31 13F ECOLAB COM 278865100 1,398 1,398 270 0.0239
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.