TI
Triodos Investment Management BV 13F Disclosure (Q2 2026) — Portfolio & Holdings
Triodos Investment Management BVCIK: 0001748729
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.6B
Reporting period: 2026-06-30 · Number of holdings: 50
Triodos Investment Management BV disclosed 50 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.6B and a quarterly turnover rate of 25.1%.
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Personality snowflake
- Concentration
- 13.14
- Portfolio Stability
- 25.11
- Momentum
- 100
- Sector conviction
- 67.37
- Diversification
- 100
- Sizing Uniformity
- 91.9
Triodos Investment Management BV's disclosed holdings carry a Herfindahl concentration index of 0.033 — mathematically equivalent to about 30 equally-sized positions, close to its 50 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.81), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd PANW
+1.0% $51.9M
New buy SW
Trim DAR
+10.9% -$1.2M
Trim PLNT
0.0% -$8.2M
Trim T
+29.5% -$2.8M
Add KLAC
+580.7% $28.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | KLAC | Kla CORP | Stock-Tech | 6.24% | +0.68% | +580.69% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.02% | +0.39% | -5.95% | |
| 3 | PANW | Palo Alto Networks Inc | Stock-Tech | 5.92% | +2.50% | +0.99% | |
| 4 | WMS | Advanced Drainage Systems In | Stock-Industrials | 5.05% | -0.52% | -1.57% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 4.68% | -0.53% | -2.63% | |
| 6 | FSLR | First Solar Inc | Stock-Tech | 4.61% | +0.47% | +15.72% | |
| 7 | MA | Mastercard Inc - A | Stock-Financials | 3.71% | -0.12% | +16.87% | |
| 8 | EBAY | Ebay Inc | Stock-Consumer Disc | 3.58% | -0.12% | -2.17% | |
| 9 | DAR | Darling Ingredients Inc | Stock-Consumer Staples | 3.45% | -0.92% | +10.92% | |
| 10 | GEN | Gen Digital Inc | Stock-Tech | 3.07% | +0.55% | +14.72% | |
| 11 | DE | Deere & Co | Stock-Industrials | 2.86% | -0.36% | -1.92% | |
| 12 | TIGO | Millicom International Cellular S.A. | Stock-Comm Services | 2.78% | -0.15% | -2.70% | |
| 13 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 2.72% | -0.32% | -1.69% | |
| 14 | WTS | Watts Water Technologies-a | Stock-Industrials | 2.50% | +0.61% | +22.09% | |
| 15 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.47% | -0.32% | +8.62% | |
| 16 | CSL | Carlisle Cos Inc | Stock-Industrials | 2.36% | +0.10% | +18.94% | |
| 17 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.34% | +0.60% | +27.79% | |
| 18 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 2.16% | -0.64% | +10.95% | |
| 19 | VLTO | Veralto CORP | Stock-Industrials | 2.14% | +0.17% | +34.63% | |
| 20 | AYI | Acuity Inc | Stock-Industrials | 2.13% | +0.16% | — | |
| 21 | AKAM | Akamai Technologies Inc | Stock-Tech | 2.11% | -0.48% | -1.58% | |
| 22 | T | At&t Inc | Stock-Comm Services | 2.11% | -0.72% | +29.45% | |
| 23 | XYL | Xylem Inc | Stock-Industrials | 1.70% | -0.46% | -1.26% | |
| 24 | RMD | Resmed Inc | Stock-Healthcare | 1.69% | -0.33% | +19.23% | |
| 25 | SW | Smurfit Westrock Plc | Stock-Consumer Disc | 1.65% | +1.65% | NEW | |
| 26 | MWA | Mueller Water Products Inc-a | Stock-Industrials | 1.64% | -0.46% | +3.47% | |
| 27 | HASI | Ha Sustainable Infrastructur | Stock-Financials | 1.61% | +0.08% | +22.73% | |
| 28 | OC | Owens Corning | Stock-Industrials | 1.51% | +0.23% | — | |
| 29 | CWT | California Water Service Grp | Stock-Utilities | 1.46% | +0.04% | +19.08% | |
| 30 | GNTX | Gentex CORP | Stock-Consumer Disc | 1.45% | +0.13% | +17.48% | |
| 31 | MSA | Msa Safety Inc | Stock-Industrials | 1.45% | -0.06% | +11.48% | |
| 32 | COO | Cooper Cos Inc/the | Stock-Healthcare | 1.31% | -0.03% | +20.64% | |
| 33 | ZBRA | Zebra Technologies Corp-cl A | Stock-Tech | 1.25% | +0.16% | +13.04% | |
| 34 | ALLE | Allegion plc | Stock-Industrials | 1.24% | -0.35% | — | |
| 35 | PLNT | Planet Fitness Inc - Cl A | Stock-Consumer Disc | 1.18% | -0.90% | — | |
| 36 | STRA | Strategic Education Inc | Stock-Other | 1.03% | -0.35% | — | |
| 37 | SFM | Sprouts Farmers Market Inc | Stock-Consumer Staples | 1.01% | +0.47% | +114.13% | |
| 38 | OLED | Universal Display CORP | Stock-Tech | 0.85% | -0.26% | — | |
| 39 | BMI | Badger Meter Inc | Stock-Tech | 0.68% | -0.07% | +15.38% | |
| 40 | INGR | Ingredion Inc | Stock-Consumer Staples | 0.46% | -0.21% | — | |
| 41 | ZWS | Zurn Elkay Water Solutions C | Stock-Industrials | 0.31% | +0.01% | +14.94% | |
| 42 | RVTY | Revvity Inc | Stock-Healthcare | 0.26% | +0.01% | +3.33% | |
| 43 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 0.22% | +0.02% | +19.64% | |
| 44 | LRN | Stride Inc | Stock-Consumer Staples | 0.21% | -0.01% | +23.08% | |
| 45 | KIDS | Orthopediatrics CORP | Stock-Other | 0.19% | +0.01% | +12.24% | |
| 46 | LIF | Life360 Inc | Stock-Other | 0.18% | +0.05% | +23.81% | |
| 47 | BLKB | Blackbaud Inc | Stock-Other | 0.17% | -0.02% | +39.39% | |
| 48 | MH | Mcgraw Hill Inc | Stock-Other | 0.13% | +0.13% | NEW | |
| 49 | DUOL | Duolingo | Stock-Tech | 0.11% | +0.03% | +45.45% | |
| 50 | BFAM | Bright Horizons Family Solut | Stock-Consumer Disc | 0.07% | -0.17% | -55.84% |
Portfolio Performance
Performance for Q3 2026
+4.9%
Performance Last 4 Quarters
+13.3%
- Stdev
- +14.2%
- Beta
- +0.93
- Alpha
- -6.3%
- Max Drawdown
- -9.6%
- Annualized Perf
- +11.9%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +1.48
- Stutzer
- +0.25
- Treynor
- +0.13
- Sterling
- +0.7
- Calmar
- +1.25
- Information Ratio
- -1.01
- Tracking Error
- +7.6%
- Stdev Down
- +8.3%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +31.3%
- Worst 12 Months
- -2.5%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.87
- Stdev Sectors
- +11.2%
- Skewness
- -0.07
- Kurtosis
- -0.19
- Upside Potential
- +3.18
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 50 | $1.6B | 25 | ||
| 2026 Q1 | 49 | $1.3B | 18 | ||
| 2025 Q4 | 51 | $1.4B | 13 | ||
| 2025 Q3 | 50 | $1.4B | 22 | ||
| 2025 Q2 | 50 | $1.3B | 0 | ||
| 2025 Q1 | 50 | $1.2B | 100 | ||
| 2024 Q4 | 49 | $1.2B | 0 | ||
| 2024 Q3 | 49 | $1.3B | 0 | ||
| 2024 Q2 | 47 | $1.1B | 0 | ||
| 2024 Q1 | 47 | $1.1B | 0 | ||
| 2023 Q4 | 46 | $1.0B | 0 | ||
| 2023 Q3 | 47 | $941.5M | 0 | ||
| 2023 Q2 | 45 | $1.0B | 0 | ||
| 2023 Q1 | 47 | $889.4M | 0 | ||
| 2022 Q4 | 43 | $759.3M | 0 | ||
| 2022 Q3 | 46 | $699.7M | 0 | ||
| 2022 Q2 | 47 | $710.0M | 0 | ||
| 2022 Q1 | 37 | $782.7M | 0 | ||
| 2021 Q4 | 36 | $765.2M | 0 | ||
| 2021 Q3 | 37 | $744.0M | 0 | ||
| 2021 Q2 | 36 | $746.2M | 100 | ||
| 2021 Q1 | 34 | $631.5M | 16 | ||
| 2020 Q4 | 36 | $606.0M | 29 | ||
| 2020 Q3 | 35 | $485.4M | 22 | ||
| 2020 Q2 | 36 | $423.3M | 23 | ||
| 2020 Q1 | 37 | $355.3M | 28 | ||
| 2019 Q4 | 36 | $448.0M | 19 | ||
| 2019 Q3 | 36 | $393.9M | 20 | ||
| 2019 Q2 | 36 | $432.9M | 23 | ||
| 2019 Q1 | 39 | $494.5M | 18 | ||
| 2018 Q4 | 42 | $465.1M | 30 | ||
| 2018 Q3 | 46 | $577.0M | 15 | ||
| 2018 Q2 | 48 | $533.3M | — |
Holding changes this quarter
Triodos Investment Management BV's most significant position changes for 2026-06-30: New buy: Smurfit Westrock Plc (SW); Sold out: Hologic Inc (HO1); New buy: Mcgraw Hill Inc (MH); Add: Palo Alto Networks Inc (PANW) — shares +0.99%; Add: Darling Ingredients Inc (DAR) — shares +10.92%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PANW | Palo Alto Networks Inc | +2.5% | +0.99% | Add |
| 2 | SW | Smurfit Westrock Plc | +1.7% | NEW | New buy |
| 3 | KLAC | Kla CORP | +0.7% | +580.69% | Add |
| 4 | WTS | Watts Water Technologies-a | +0.6% | +22.09% | Add |
| 5 | LLY | Eli Lilly & Co | +0.6% | +27.79% | Add |
| 6 | GEN | Gen Digital Inc | +0.6% | +14.72% | Add |
| 7 | FSLR | First Solar Inc | +0.5% | +15.72% | Add |
| 8 | SFM | Sprouts Farmers Market Inc | +0.5% | +114.13% | Add |
| 9 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | -5.95% | Trim |
| 10 | OC | Owens Corning | +0.2% | — | Unchanged |
| 11 | VLTO | Veralto CORP | +0.2% | +34.63% | Add |
| 12 | AYI | Acuity Inc | +0.2% | — | Unchanged |
| 13 | ZBRA | Zebra Technologies Corp-cl A | +0.2% | +13.04% | Add |
| 14 | GNTX | Gentex CORP | +0.1% | +17.48% | Add |
| 15 | MH | Mcgraw Hill Inc | +0.1% | NEW | New buy |
| 16 | CSL | Carlisle Cos Inc | +0.1% | +18.94% | Add |
| 17 | HASI | Ha Sustainable Infrastructur | +0.1% | +22.73% | Add |
| 18 | LIF | Life360 Inc | +0.1% | +23.81% | Add |
| 19 | CWT | California Water Service Grp | 0% | +19.08% | Add |
| 20 | DUOL | Duolingo | 0% | +45.45% | Add |
| 21 | KMB | Kimberly-clark CORP | 0% | +19.64% | Add |
| 22 | ZWS | Zurn Elkay Water Solutions C | 0% | +14.94% | Add |
| 23 | RVTY | Revvity Inc | 0% | +3.33% | Add |
| 24 | KIDS | Orthopediatrics CORP | 0% | +12.24% | Add |
| 25 | LRN | Stride Inc | 0% | +23.08% | Add |
| 26 | BLKB | Blackbaud Inc | 0% | +39.39% | Add |
| 27 | COO | Cooper Cos Inc/the | 0% | +20.64% | Add |
| 28 | MSA | Msa Safety Inc | -0.1% | +11.48% | Add |
| 29 | BMI | Badger Meter Inc | -0.1% | +15.38% | Add |
| 30 | MA | Mastercard Inc - A | -0.1% | +16.87% | Add |
| 31 | EBAY | Ebay Inc | -0.1% | -2.17% | Trim |
| 32 | TIGO | Millicom International Cellular S.A. | -0.2% | -2.70% | Trim |
| 33 | BFAM | Bright Horizons Family Solut | -0.2% | -55.84% | Trim |
| 34 | INGR | Ingredion Inc | -0.2% | — | Unchanged |
| 35 | OLED | Universal Display CORP | -0.3% | — | Unchanged |
| 36 | EW | Edwards Lifesciences CORP | -0.3% | -1.69% | Trim |
| 37 | PG | Procter & Gamble Co/the | -0.3% | +8.62% | Add |
| 38 | RMD | Resmed Inc | -0.3% | +19.23% | Add |
| 39 | STRA | Strategic Education Inc | -0.4% | — | Unchanged |
| 40 | ALLE | Allegion plc | -0.4% | — | Unchanged |
| 41 | HO1 | Hologic Inc | -0.4% | EXIT | Sold out |
| 42 | DE | Deere & Co | -0.4% | -1.92% | Trim |
| 43 | MWA | Mueller Water Products Inc-a | -0.5% | +3.47% | Add |
| 44 | XYL | Xylem Inc | -0.5% | -1.26% | Trim |
| 45 | AKAM | Akamai Technologies Inc | -0.5% | -1.58% | Trim |
| 46 | WMS | Advanced Drainage Systems In | -0.5% | -1.57% | Trim |
| 47 | NVDA | Nvidia CORP | -0.5% | -2.63% | Trim |
| 48 | ISRG | Intuitive Surgical Inc | -0.6% | +10.95% | Add |
| 49 | T | At&t Inc | -0.7% | +29.45% | Add |
| 50 | PLNT | Planet Fitness Inc - Cl A | -0.9% | — | Unchanged |
1–50 of 51
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Triodos Investment Management BV and what type of investor is it?
Triodos Investment Management BV is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 50 disclosed positions.
What are Triodos Investment Management BV's largest equity positions?
Based on the latest 13F filing, Triodos Investment Management BV's top holdings by market value are:
1. Kla CORP (KLAC) — $102.4M (6.2%)
2. Taiwan Semiconductor-sp Adr (TSM) — $98.9M (6.0%)
3. Palo Alto Networks Inc (PANW) — $97.2M (5.9%)
4. Advanced Drainage Systems In (WMS) — $82.9M (5.0%)
5. Nvidia CORP (NVDA) — $76.8M (4.7%)
What changes did Triodos Investment Management BV make in its most recent portfolio filing?
In the latest reported quarter, Triodos Investment Management BV made 44 notable position adjustments: 2 new positions were initiated, 31 existing holdings were added to, 10 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Smurfit Westrock Plc (SW); Sold out: Hologic Inc (HO1); New buy: Mcgraw Hill Inc (MH); Add: Palo Alto Networks Inc (PANW) — shares +0.99%; Add: Darling Ingredients Inc (DAR) — shares +10.92%
What sectors does Triodos Investment Management BV focus on?
Triodos Investment Management BV is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.1%
• Industrials: 25.3%
• Health Care: 10.7%
• Consumer Discretionary: 8.1%
• Consumer Staples: 8.0%
• Financials: 5.4%
Investment Profile
Triodos Investment Management BV returned an annualized 11.9% over the trailing 36 months — underperforming the S&P 500 by 6.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 36.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its PANW position over the past two quarters (+$56.1M, now $97.2M), while trimming ISRG over the same stretch (-$10.9M, still holding $35.5M).
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Developer Access
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