Ecolab

ECL • NYSE

Ecolab is a chemicals - specialty company in the basic materials sector on NYSE, led by Christophe Beck, with a market cap of $78.7B. As of Q3 2025, 77% of shares are held by 1,566 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.88%.

CEOChristophe Beck

Market Cap$78.7B

Chemicals - Specialty

Basic Materials

Employees48.0K

Websiteecolab.com

Country

United States of America

Overview

Overview of institutional ownership in ECL as of Q3 2025 with a market cap of $77.7B

All Institutions

Institutions: 1,566
Value Held: $59.8B
Shares Held: 218.5M
Avg Position: $38.2M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 68
Value Held: $1.5B
Shares Held: 5.6M
Avg Position: $22.5M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

75.03%

$58.3B

Hedge Funds

1.97%

$1.5B

Retail & Other

23.0%

$17.9B

Based on market cap of $77.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ECL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.9B 0.10% of portfolio	8.88% 25.2M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$6.2B 0.11% of portfolio	7.98% 22.6M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.1B 0.11% of portfolio	3.95% 11.2M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.0B 0.12% of portfolio	2.62% 7.4M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.8B 0.11% of portfolio	2.29% 6.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.5B 0.10% of portfolio	1.97% 5.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
B BILL & MELINDA GATES FOUNDATION TRUST Institution	-	$1.4B 3.91% of portfolio	1.84% 5.2M shares	≤ Q2 2013 Held for 12y 6m+	$36.6B
Aristotle Capital Management, LLC Long Only Manager	Howard Roy Gleicher CEO	$1.1B 2.30% of portfolio	1.44% 4.1M shares	Q3 2021 Held for 4y 3m	$48.5B
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$1.0B 0.97% of portfolio	1.29% 3.7M shares	Q3 2023 Held for 2y 3m	$103.68B
R ROYAL BANK OF CANADA Institution	-	$992.2M 0.18% of portfolio	1.28% 3.6M shares	≤ Q2 2013 Held for 12y 6m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for ECL in Q3 2025

Traded: +$219.6M
Buyers: 719
Sellers: 672
Total Bought: +$3.4B
Total Sold: −$3.2B
Avg Position: $36.0M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$791.3M +2.9M shares	$1.8B 6.5M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$470.6M +1.7M shares	$598.1M 2.2M shares
BlackRock, Inc. Institution	+$207.1M +756.3K shares	$6.2B 22.6M shares
VANGUARD GROUP INC Institution	+$144.6M +527.9K shares	$6.9B 25.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$121.6M +444.1K shares	$183.7M 670.8K shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$97.7M +356.6K shares	$97.7M 356.6K shares
R Robeco Institutional Asset Management B.V. Institution	+$94.4M +344.5K shares	$240.7M 878.8K shares
S Swedbank AB Institution	+$81.4M +297.4K shares	$455.0M 1.7M shares
Bornite Capital Management LP Hedge Fund•Long/Short	+$68.5M +250.0K shares	$68.5M 250.0K shares
MORGAN STANLEY RIA/Wealth	+$60.4M +220.4K shares	$2.0B 7.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$833.5M −3.0M shares	$456.7M 1.7M shares
B BNP Paribas Investment Partners S.A. Institution	−$177.4M −658.5K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$163.6M −597.3K shares	$938.7M 3.4M shares
Pictet Asset Management Holding SA Long Only Manager	−$132.3M −483.2K shares	$1.0B 3.7M shares
V Vontobel Holding Ltd. Institution	−$87.1M −317.9K shares	$470.6M 1.7M shares
Q Qube Research & Technologies Ltd Institution	−$75.7M −276.4K shares	$209.0M 763.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$74.5M −272.2K shares	$28.5M 104.1K shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$74.0M −270.1K shares	$641.0M 2.3M shares
D D. E. Shaw & Co., Inc. Institution	−$70.3M −256.8K shares	$36.8M 134.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$63.8M −233.1K shares	$12.8M 46.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ECL in Q3 2025

New Positions: 45
New Value: $54.0M
Exited Positions: 97
Exited Value: $463.0M

New Positions

Institution	Position Value
WAYCROSS PARTNERS, LLC Hedge Fund•Long/Short	$26.1M 95.3K shares
T Tribune Investment Group LP Hedge Fund•Event Driven	$12.0M 44.0K shares
Moran Wealth Management, LLC RIA/Wealth	$3.5M 12.9K shares
HANCOCK HOLDING CO RIA/Wealth	$1.7M 6.3K shares
Pacific Point Advisors, LLC RIA/Wealth	$1.5M 5.3K shares
T TEMA ETFS LLC Institution	$1.0M 3.8K shares
CHESAPEAKE CAPITAL CORP /IL/ Long Only Manager	$1.0M 3.7K shares
Clark & Stuart, Inc RIA/Wealth	$774.4K 2.8K shares
C Calamos Wealth Management LLC RIA/Wealth	$403.7K 1.5K shares
Nvest Financial, LLC RIA/Wealth	$375.2K 1.4K shares

Exited Positions

Institution	Previous Position
B BNP Paribas Investment Partners S.A. Institution	$177.4M 658.5K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$33.5M 124.2K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$31.4M 116.4K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$30.0M 111.2K shares
H HRT FINANCIAL LLC Institution	$28.3M 105.1K shares
Marshall Wace LLP Institution	$26.9M 100.0K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$23.4M 86.8K shares
MEEDER ASSET MANAGEMENT INC Long Only Manager	$16.9M 62.7K shares
B Banco Santander, S.A. Institution	$11.3M 42.0K shares
Summit Global Investments Long Only Manager	$9.7M 36.0K shares

Options Activity

Institutions with the largest Call and Put options positions in ECL as of Q3 2025

Call Positions: 20
Call Value: $114.7M
Put Positions: 23
Put Value: $50.6M

Call Positions

Institution	Position Value
Oribel Capital Management, LP Hedge Fund•Long/Short	$30.5M 1.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.6M 935.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.3M 670.0 contracts
J JANE STREET GROUP, LLC Institution	$13.1M 479.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$5.7M 209.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$4.6M 167.0 contracts
A Allianz Asset Management AG Institution	$4.3M 157.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.5M 130.0 contracts
D DYMON ASIA CAPITAL PTE. LTD. Institution	$3.0M 111.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.8M 101.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.8M 504.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$5.6M 2.0 contracts
A Allianz Asset Management AG Institution	$5.5M 202.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.5M 200.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.1M 152.0 contracts
Walleye Trading LLC RIA/Wealth	$3.2M 116.0 contracts
J JANE STREET GROUP, LLC Institution	$3.1M 113.0 contracts
D DYMON ASIA CAPITAL PTE. LTD. Institution	$3.0M 111.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.9M 105.0 contracts
Lido Advisors, LLC RIA/Wealth	$1.6M 60.0 contracts

Most Committed Institutions

Institutions with ECL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Bornite Capital Management LP Hedge Fund•Long/Short	Daniel A. Dreyfus CIO	6.53% $68.5M	0.09% 250.0K shares	Q3 2025 Held for 3 months	$1.0B
T Tribune Investment Group LP Hedge Fund•Event Driven	Bogdan George Cosmaciuc CIO	5.84% $12.0M	0.02% 44.0K shares	Q3 2025 Held for 3 months	$206.4M
M MCDONALD CAPITAL INVESTORS INC/CA RIA/Wealth	Andrew J. Mcdonald President	5.26% $84.6M	0.11% 309.0K shares	≤ Q2 2013 Held for 12y 6m+	$1.6B
M Mirova US LLC Long Only Manager	Zineb Bennani CEO	5.05% $499.8M	0.64% 1.8M shares	Q4 2019 Held for 6 years	$9.9B
D DUDLEY & SHANLEY, LLC RIA/Wealth	Henry Claypool Dudley Chairman	4.63% $28.8M	0.04% 105.0K shares	≤ Q2 2013 Held for 12y 6m+	$621.5M
Foresight Group Ltd Liability Partnership Real Assets	FORESIGHT REGIONAL INVESTMENT GENERAL PARTNER LLP Related Person	4.60% $30.8M	0.04% 112.5K shares	Q1 2025 Held for 9 months	$669.9M
M McCollum Christoferson Group LLC RIA/Wealth	Katherine Ann Christoferson Managing Partner	4.41% $15.4M	0.02% 56.2K shares	Q4 2017 Held for 8 years	$349.0M
S S&CO INC Family Office	Neil Lockwood Thompson Chairman	4.03% $62.6M	0.08% 228.6K shares	≤ Q2 2013 Held for 12y 6m+	$1.6B
B BILL & MELINDA GATES FOUNDATION TRUST Institution	-	3.91% $1.4B	1.84% 5.2M shares	≤ Q2 2013 Held for 12y 6m+	$36.6B
M MCDANIEL TERRY & CO Institution	-	3.70% $45.9M	0.06% 167.6K shares	≤ Q2 2013 Held for 12y 6m+	$1.2B

Hedge Fund Spotlight

Discover hedge funds investing in ECL

Tribune Investment Group LP

Hedge Fund • Event Driven

Portfolio ManagerBogdan George Cosmaciuc

Portfolio Value: $206.4M
Positions: 21
Last Reported: Q3 2025

Sector Allocation

Position in Ecolab

Market Value: $12.0M
Shares Held: 44.0K
Portfolio Weight: 5.84%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Core & Main CNM	Industrial - Distribution Industrials	$18.0M	8.74%
2 CSX CSX	Railroads Industrials	$17.8M	8.60%
3 Genuine Parts GPC	Specialty Retail Consumer Cyclical	$17.3M	8.39%