Form 13-F position report

ECOLAB INC

Reported by BILL & MELINDA GATES FOUNDATION TRUST

Company profile Manager portfolio Source filing
ECL CUSIP 278865100 Manager CIK 0001166559
Latest reported change

Reported 5,218,044 shares, unchanged from the prior quarter.

Reported value 1.6%; share count 0.0% vs. the prior quarter.

Unchanged
% of reported 13F value 3.91% This manager · Q3 2025
Shares 5,218,044 Quarter-end amount reported
Reported value $1,429,013,530 Fair value at quarter end
Consecutive quarters held 50 Through Q3 2025

Reported position value by quarter

Reported position value by quarter

Each bar is a Form 13-F quarter-end snapshot. It does not show trades made within the quarter.

Manager history

Quarterly position history

How this manager's reported quarter-end position changed over time.

20 quarters
Quarter Activity Shares Change % of reported 13F Reported value Filed
Q2 2026 Unchanged 5,218,044 0 (0.0%) 4.22% $1,453,799,239 2026-08-14
Q1 2026 Unchanged 5,218,044 0 (0.0%) 4.38% $1,388,104,065 2026-05-15
Q4 2025 Unchanged 5,218,044 0 (0.0%) 3.87% $1,369,840,911 2026-02-17
Q3 2025 Unchanged 5,218,044 0 (0.0%) 3.91% $1,429,013,530 2025-11-14
Q2 2025 Unchanged 5,218,044 0 (0.0%) 2.94% $1,405,949,775 2025-08-14
Q1 2025 Unchanged 5,218,044 0 (0.0%) 3.16% $1,322,878,515 2025-05-15
Q4 2024 Unchanged 5,218,044 0 (0.0%) 2.91% $1,222,692,070 2025-02-14
Q3 2024 Unchanged 5,218,044 0 (0.0%) 2.95% $1,332,323,175 2024-11-14
Q2 2024 Unchanged 5,218,044 0 (0.0%) 2.61% $1,241,894,472 2024-08-14
Q1 2024 Unchanged 5,218,044 0 (0.0%) 2.63% $1,204,846,360 2024-05-15
Q4 2023 Unchanged 5,218,044 0 (0.0%) 2.45% $1,034,999,027 2024-02-14
Q3 2023 Unchanged 5,218,044 0 (0.0%) 2.27% $883,936,654 2023-11-14
Q2 2023 Unchanged 5,218,044 0 (0.0%) 2.32% $974,156,634 2023-08-14
Q1 2023 Unchanged 5,218,044 0 (0.0%) 2.37% $863,742,823 2023-05-15
Q4 2022 Added 5,218,044 +351,617 (7.2%) 2.13% $759,538,485 2023-02-14
Q3 2022 Added 4,866,427 +500,000 (11.5%) 2.07% $702,809,000 2022-11-14
Q2 2022 Unchanged 4,366,427 0 (0.0%) 3.8% $671,382,000 2022-08-15
Q1 2022 Unchanged 4,366,427 0 (0.0%) 3.9% $770,936,000 2022-05-16
Q4 2021 Unchanged 4,366,427 0 (0.0%) 4.46% $1,024,320,000 2022-02-14
Q3 2021 Unchanged 4,366,427 0 (0.0%) 3.93% $910,924,000 2021-11-15
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Institutional context

Who else reported the position

1726 managers reported ECOLAB INC for Q3 2025.

Manager Activity Shares Change % of reported 13F Reported value Tenure
VANGUARD GROUP INC Added 25,190,115 +527,902 0.1% $6,898,564,894 50 qtrs
BlackRock Inc Added 22,643,410 +756,267 0.11% $6,201,124,209 5 qtrs
STATE STREET CORPORATION Added 11,205,525 +1,574 0.11% $3,075,817,858 50 qtrs
MORGAN STANLEY Added 7,441,337 +220,412 0.12% $2,037,885,379 50 qtrs
JPMorgan Chase & Co Added 6,491,563 +2,889,475 0.11% $1,777,794,839 50 qtrs
GEODE CAPITAL MANAGEMENT LLC Added 5,588,770 +109,241 0.1% $1,523,109,567 50 qtrs
BILL & MELINDA GATES FOUNDATION TRUST This report Unchanged 5,218,044 0 3.91% $1,429,013,530 50 qtrs
Aristotle Capital Management LLC Reduced 4,071,409 -193,433 2.15% $1,115,021,729 17 qtrs
Pictet Asset Management Holding SA Reduced 3,657,834 -483,159 0.97% $1,001,684,444 9 qtrs
ROYAL BANK OF CANADA Added 3,623,117 +87,581 0.16% $992,226,000 50 qtrs
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Filing details and methodology As reported
Report period
September 30, 2025
Filed
November 14, 2025
Filing type
13F-HR
Position type
COM

Voting authority reported

Sole
5,218,044
Shared
0
None
0

“None” means the manager reported no voting authority for those shares on non-routine matters. It does not disclose why and is not evidence of securities lending.

Form 13-F is a delayed quarter-end snapshot of disclosed long Section 13(f) securities. It can be filed up to 45 days after quarter end, excludes short positions and most non-U.S. securities, and does not reveal intra-quarter trading. For options, reported shares and value describe the underlying-share exposure; strike, expiry, premium, and written positions are not disclosed.