Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionDanske Bank A/s
Latest Disclosed Ownership179,375 shares
Latest Disclosed Value $ 47,717,337
Danske Bank A/s reports 28.81% decrease in ownership of ECL / Ecolab Inc.

On May 12, 2026 - Danske Bank A/s filed a 13F-HR form disclosing ownership of 179,375 shares of Ecolab Inc. (MX:ECL) valued at $47,717,337 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 251,977 shares of Ecolab Inc.. This represents a change in shares of -28.81% during the quarter.

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)
2026-05-12 2026-03-31 13F Ecolab COM 278865100 179,375 -72,602 -28.81 47,717 -27.86 0.0540
2026-02-02 2025-12-31 13F Ecolab COM 278865100 251,977 20,247 8.74 66,149 4.24 0.1538
2025-11-19 2025-09-30 13F/A-1 Ecolab COM 278865100 231,730 -27,887 -10.74 63,462 -9.28 0.1578
2025-11-13 2025-09-30 13F Ecolab COM 278865100 5,652 5,652 1,548 0.0792
2025-12-18 2025-06-30 13F Ecolab COM 278865100 259,617 43,558 20.16 69,951 27.71 0.1737
2025-12-18 2025-03-31 13F Ecolab COM 278865100 216,059 22,392 11.56 54,775 20.70 0.1673
2026-03-18 2024-12-31 13F Ecolab COM 278865100 193,667 37,360 23.90 45,380 13.71 0.1357
2026-03-18 2024-09-30 13F Ecolab COM 278865100 156,307 7,787 5.24 39,910 12.91 0.1330
2026-03-18 2024-06-30 13F Ecolab COM 278865100 148,520 -420,996 -73.92 35,348 -73.12 0.1304
2026-03-18 2024-03-31 13F Ecolab COM 278865100 569,516 569,516 131,501 0.4126
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.