1y return+17.4%S&P 500 +20.9%
3y return+43.8%S&P 500 +68.5%
5y return+37.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2018: $271 against $275 in the S&P 500.2
Triodos Investment Management BVS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| KLACKla Corp | $102.4M | 6.2% | +580.7% |
| TSMTaiwan Semiconductor Manufac | $98.9M | 6.0% | −5.9% |
| PANWPalo Alto Networks Inc | $97.2M | 5.9% | |
| WMSAdvanced Drain Sys Inc Del | $82.9M | 5.0% | −1.6% |
| NVDANvidia Corporation | $76.8M | 4.7% | −2.6% |
| FSLRFirst Solar Inc | $75.7M | 4.6% | +15.7% |
| MAMastercard Incorporated | $60.8M | 3.7% | +16.9% |
| EBAYEbay Inc | $58.8M | 3.6% | −2.2% |
| DARDarling Ingredients Inc | $56.6M | 3.4% | +10.9% |
| GENGen Digital Inc | $50.5M | 3.1% | +14.7% |
| DEDeere & Co | $47.0M | 2.9% | −1.9% |
| Millicom Intl Cellular S ACUSIP L6388F110 | $45.7M | 2.8% | −2.7% |
| EWEdwards Lifesciences Corp | $44.6M | 2.7% | −1.7% |
| WTSWatts Water Technologies Inc | $41.1M | 2.5% | +22.1% |
| PGProcter & Gamble Co | $40.6M | 2.5% | +8.6% |
| CSLCarlisle Cos Inc | $38.7M | 2.4% | +18.9% |
| LLYEli Lilly & Co | $38.4M | 2.3% | +27.8% |
| ISRGIntuitive Surgical Inc | $35.5M | 2.2% | +10.9% |
| VLTOVeralto Corp | $35.2M | 2.1% | +34.6% |
| AYIAcuity Inc | $35.0M | 2.1% | |
| AKAMAkamai Technologies Inc | $34.7M | 2.1% | −1.6% |
| TAt&t Inc | $34.6M | 2.1% | +29.5% |
| XYLXylem Inc | $27.8M | 1.7% | −1.3% |
| RMDResmed Inc | $27.7M | 1.7% | +19.2% |
| Smurfit Westrock PLCCUSIP G8267P108 | $27.1M | 1.7% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2022 | +1219.9% | $76.8M |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $98.9M |
| FSLRFirst Solar Inc | June 30, 2020 | +376.6% | $75.7M |
| AYIAcuity Inc | June 30, 2020 | +293.4% | $35.0M |
| Millicom Intl Cellular S ACUSIP L6388F110 | March 31, 2025 | +199.8% | $45.7M |
| OCOwens Corning New | June 30, 2020 | +185.1% | $24.8M |
| MWAMueller Wtr Prods Inc | June 30, 2020 | +173.9% | $26.9M |
| EBAYEbay Inc | December 31, 2022 | +169.5% | $58.8M |
| PANWPalo Alto Networks Inc | March 31, 2024 | +140.0% | $97.2M |
| BMIBadger Meter Inc | June 30, 2020 | +135.8% | $11.1M |
Sold off last quarter
- Hologic IncCUSIP 436440101 was $4.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.2% | +14.8% |
| March 31, 2026 | −2.0% | −4.6% |
| December 31, 2025 | +0.4% | +2.4% |
| September 30, 2025 | +5.3% | +7.8% |
| June 30, 2025 | +9.5% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
| December 31, 2024 | −6.0% | +2.1% |
| September 30, 2024 | +4.0% | +5.4% |
| June 30, 2024 | +3.3% | +4.0% |
| March 31, 2024 | +10.3% | +10.0% |
| December 31, 2023 | +12.1% | +11.2% |
| September 30, 2023 | −7.0% | −3.6% |
| June 30, 2023 | +8.8% | +8.3% |
| March 31, 2023 | +11.5% | +7.0% |
| December 31, 2022 | +8.2% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −18.7% | −16.5% |
| March 31, 2022 | −6.9% | −4.9% |
| December 31, 2021 | +5.0% | +10.7% |
| September 30, 2021 | −3.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Triodos Investment Management BV Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1748729&type=13F-HR&dateb=&owner=include&count=40CIK 1748729
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1748729/000174872926000011/Filed July 29, 2026 · accession 0001748729-26-000011