Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionCopeland Capital Management, LLC
Latest Disclosed Ownership33,115 shares
Latest Disclosed Value $ 8,809,251
Copeland Capital Management, LLC ownership in ECL / Ecolab Inc.

On May 6, 2026 - Copeland Capital Management, LLC filed a 13F-HR form disclosing ownership of 33,115 shares of Ecolab Inc. (MX:ECL) valued at $8,809,251 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on January 18, 2022 disclosing 0 shares of Ecolab Inc..

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-06 2026-03-31 13F ECOLAB COM 278865100 33,115 33,115 8,809 0.0827
2022-01-18 2021-06-30 13F/A-1 ECOLAB COM 278865100 0 -22 -100.00 0 -100.00
2021-07-19 2021-06-30 13F ECOLAB COM 278865100 0 -22 0
2022-01-18 2021-03-31 13F/A-1 ECOLAB COM 278865100 22 -18,448 -99.88 5 -99.87 0.0002
2022-01-18 2020-12-31 13F/A-1 ECOLAB COM 278865100 18,470 -5,301 -22.30 3,996 -15.87 0.1572
2021-01-27 2020-12-31 13F ECOLAB COM 278865100 18,398 -5,373 3,981 0.1691
2022-01-18 2020-09-30 13F/A-1 ECOLAB COM 278865100 23,771 -135 -0.56 4,750 -0.13 0.2108
2020-10-22 2020-09-30 13F ECOLAB COM 278865100 23,771 -135 4,750 0.2560
2022-01-18 2020-06-30 13F/A-1 ECOLAB COM 278865100 23,906 487 2.08 4,756 30.34 0.2452
2020-07-30 2020-06-30 13F ECOLAB COM 278865100 23,906 487 4,756 0.2686
2022-01-18 2020-03-31 13F/A-1 ECOLAB COM 278865100 23,419 1,218 5.49 3,649 -14.84 0.2220
2020-04-29 2020-03-31 13F ECOLAB COM 278865100 23,419 1,218 3,649 0.2459
2022-01-18 2019-12-31 13F/A-1 ECOLAB COM 278865100 22,201 -1,089 -4.68 4,285 -7.09 0.1877
2020-02-03 2019-12-31 13F ECOLAB COM 278865100 22,201 -1,056 4,285 0.2024
2022-01-18 2019-09-30 13F/A-1 ECOLAB COM 278865100 23,290 -7 -0.03 4,612 0.28 0.2371
2019-11-06 2019-09-30 13F ECOLAB COM 278865100 23,257 -40 4,605 0.2377
2022-01-18 2019-06-30 13F/A-1 ECOLAB COM 278865100 23,297 67 0.29 4,599 12.14 0.2555
2019-07-19 2019-06-30 13F ECOLAB COM 278865100 22,949 -281 4,531 0.2525
2022-01-18 2019-03-31 13F/A-1 ECOLAB COM 278865100 23,230 -217 -0.93 4,101 18.70 0.2604
2019-04-24 2019-03-31 13F ECOLAB COM 278865100 23,185 -262 4,093 0.2825
2022-01-18 2018-12-31 13F/A-1 ECOLAB COM 278865100 23,447 -14,051 -37.47 3,455 -41.23 0.2475
2019-01-28 2018-12-31 13F ECOLAB COM 278865100 23,447 -14,051 3,455 0.2678
2018-11-01 2018-09-30 13F ECOLAB COM 278865100 37,498 -360 -0.95 5,879 10.67 0.3557
2018-07-17 2018-06-30 13F ECOLAB COM 278865100 37,858 -519 -1.35 5,312 0.99 0.3112
2018-05-04 2018-03-31 13F ECOLAB COM 278865100 38,377 -999 -2.54 5,260 -0.45 0.3374
2018-01-30 2017-12-31 13F ECOLAB COM 278865100 39,376 -860 -2.14 5,284 2.11 0.3348
2017-10-27 2017-09-30 13F ECOLAB COM 278865100 40,236 -476 -1.17 5,175 -4.26 0.3512
2017-07-21 2017-06-30 13F ECOLAB COM 278865100 40,712 -1,629 -3.85 5,405 1.92 0.3533
2017-05-02 2017-03-31 13F ECOLAB COM 278865100 42,341 -1,778 -4.03 5,303 2.53 0.3690
2017-02-01 2016-12-31 13F ECOLAB COM 278865100 44,119 -53,084 -54.61 5,172 -56.29 0.3361
2016-11-02 2016-09-30 13F ECOLAB COM 278865100 97,203 72,489 293.31 11,832 303.68 0.7609
2016-08-05 2016-06-30 13F ECOLAB COM 278865100 24,714 -572 -2.26 2,931 3.97 0.2016
2016-05-09 2016-03-31 13F ECOLAB COM 278865100 25,286 567 2.29 2,819 -0.28 0.1932
2016-02-04 2015-12-31 13F ECOLAB COM 278865100 24,719 1,244 5.30 2,827 9.79 0.1601
2015-10-28 2015-09-30 13F ECOLAB COM 278865100 23,475 -163,590 -87.45 2,575 -87.83 0.1577
2015-08-06 2015-06-30 13F ECOLAB COM 278865100 187,065 -2,483 -1.31 21,152 -2.44 1.0825
2015-05-04 2015-03-31 13F ECOLAB COM 278865100 189,548 -15,988 -7.78 21,680 0.92 1.4396
2015-02-12 2014-12-31 13F ECOLAB COM 278865100 205,536 6,864 3.45 21,483 -5.83 1.5569
2014-11-12 2014-09-30 13F ECOLAB COM 278865100 198,672 18,221 10.10 22,814 13.55 2.3225
2014-08-12 2014-06-30 13F ECOLAB COM 278865100 180,451 6,589 3.79 20,092 7.01 2.2448
2014-05-12 2014-03-31 13F ECOLAB COM 278865100 173,862 9,474 5.76 18,776 9.54 2.2880
2014-02-12 2013-12-31 13F ECOLAB COM 278865100 164,388 9,122 5.88 17,141 11.78 2.2406
2013-11-07 2013-09-30 13F ECOLAB COM 278865100 155,266 12,844 9.02 15,334 26.38 2.3820
2013-08-12 2013-06-30 13F ECOLAB COM 278865100 142,422 142,422 12,133 2.1810
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.