13F
中
← All fund report cards

Triodos Investment Management BV

13F equity value
$1.3B
Positions
49
Top 10 concentration
44.6%
Quarters / total new picks
19 / 42
13F equity value over time
$0M$692M$1B201820192020202120222023202420252026

"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 19 quarters, returned +0.5% per quarter — versus +5.2% per quarter from simply owning every 13F stock. It beat that baseline in only 31.6% of quarters (excess t = -0.68, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.8%
t-stat
-0.68
Quarterly win rate
32%
Annualized excess
-20.9%
$1 → follow vs universe
$1.00 vs $2.47
Cumulative return: $1 invested in new picks vs universe
1.00 20190630: universe 1.07520190930: universe 1.15620200331: universe 1.39320200930: universe 1.70920201231: universe 1.78720210630: universe 1.93020220331: universe 2.07220220630: universe 1.92020221231: universe 1.78320230331: universe 1.87820230630: universe 1.81120230930: universe 2.05620240331: universe 2.10220240630: universe 2.29320240930: universe 2.27320241231: universe 2.12120250331: universe 2.31320250630: universe 2.38520251231: universe 2.468 20190630: follow 0.94920190930: follow 0.89920200331: follow 1.15120200930: follow 1.26220201231: follow 1.24520210630: follow 1.20620220331: follow 1.29120220630: follow 1.20820221231: follow 1.19620230331: follow 1.13620230630: follow 1.15320230930: follow 1.17820240331: follow 1.24720240630: follow 1.30720240930: follow 1.24420241231: follow 1.42620250331: follow 1.41520250630: follow 1.07220251231: follow 1.003 0.83 1.75 2.67 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 49 · 2026 Q1

Ticker Value Weight QoQ
TSM $74M
5.6%
TRIM
WMS $74M
5.6%
HOLD
KLAC $73M
5.6%
TRIM
NVDA $69M
5.2%
HOLD
DAR $58M
4.4%
HOLD
FSLR $55M
4.1%
ADD
MA $51M
3.8%
HOLD
EBAY $49M
3.7%
HOLD
PANW $45M
3.4%
ADD
DE $43M
3.2%
HOLD
EW $40M
3.0%
HOLD
TIGO $39M
2.9%
TRIM
T $37M
2.8%
ADD
ISRG $37M
2.8%
HOLD
PG $37M
2.8%
HOLD
AKAM $34M
2.6%
HOLD
GEN $33M
2.5%
ADD
CSL $30M
2.3%
HOLD
XYL $29M
2.2%
HOLD
MWA $28M
2.1%
TRIM

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

SFM

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.