13F
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MIROVA

13F equity value
$2.5B
Positions
179
Top 10 concentration
26.8%
Quarters / total new picks
25 / 419
13F equity value over time
$0M$1B$2B201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 25 quarters, returned +3.3% per quarter — versus +3.4% per quarter from simply owning every 13F stock. It beat that baseline in only 56.0% of quarters (excess t = -0.15, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.5%
t-stat
-0.15
Quarterly win rate
56%
Annualized excess
-0.9%
$1 → follow vs universe
$1.98 vs $2.08
Cumulative return: $1 invested in new picks vs universe
1.00 20190331: universe 0.98320190630: universe 1.05620190930: universe 1.13620191231: universe 0.91620200331: universe 1.10520200630: universe 1.22020200930: universe 1.49720201231: universe 1.56520210331: universe 1.57920210630: universe 1.70520211231: universe 1.45120220331: universe 1.55820220630: universe 1.44320220930: universe 1.55120221231: universe 1.44020230331: universe 1.51720230630: universe 1.46320231231: universe 1.52820240331: universe 1.56320240630: universe 1.70520241231: universe 1.59120250331: universe 1.73520250630: universe 1.78920250930: universe 2.01220251231: universe 2.081 20190331: follow 1.02620190630: follow 1.07520190930: follow 0.96720191231: follow 0.79620200331: follow 0.76220200630: follow 0.84720200930: follow 0.94520201231: follow 1.03720210331: follow 1.09020210630: follow 1.28620211231: follow 1.11020220331: follow 1.11320220630: follow 1.01220220930: follow 1.05920221231: follow 1.03620230331: follow 1.02120230630: follow 0.94420231231: follow 1.01420240331: follow 1.00220240630: follow 1.09320241231: follow 1.07220250331: follow 1.33420250630: follow 1.35120250930: follow 1.55020251231: follow 1.975 0.70 1.47 2.25 2019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 179 · 2026 Q1

Ticker Value Weight QoQ
NVDA $152M
6.2%
ADD
MSFT $70M
2.8%
ADD
CDNS $64M
2.6%
ADD
NOW $64M
2.6%
ADD
SNPS $60M
2.5%
NEW
ECL $54M
2.2%
ADD
AVGO $53M
2.1%
ADD
GOOGL $52M
2.1%
NEW
CRWD $46M
1.9%
NEW
BSY $44M
1.8%
ADD
ISRG $42M
1.7%
ADD
SNOW $39M
1.6%
NEW
WM $38M
1.6%
ADD
VRT $38M
1.5%
ADD
NVT $38M
1.5%
NEW
CLH $37M
1.5%
NEW
AMD $37M
1.5%
NEW
TMO $36M
1.5%
ADD
FSLR $32M
1.3%
ADD
VLTO $31M
1.3%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AABBVACMADSKAITALCALNYALRMAMDAMZNAOSAPGAPHARGXAXONBBIOBBYBEPCBJBRKRCLBTCLHCNMCOSTCRWDCSGPCTASCVSCYRXDDOG

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.