Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionDividend Asset Capital, Llc
Latest Disclosed Ownership5,123 shares
Latest Disclosed Value $ 1,362,820
Dividend Asset Capital, Llc reports 11.40% decrease in ownership of ECL / Ecolab Inc.

On April 28, 2026 - Dividend Asset Capital, Llc filed a 13F-HR form disclosing ownership of 5,123 shares of Ecolab Inc. (MX:ECL) valued at $1,362,820 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 5,782 shares of Ecolab Inc.. This represents a change in shares of -11.40% 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)
2026-04-28 2026-03-31 13F ECOLAB COM 278865100 5,123 -659 -11.40 1,363 -10.22 0.2719
2026-02-12 2025-12-31 13F ECOLAB COM 278865100 5,782 -3,684 -38.92 1,518 -41.47 0.2901
2025-11-12 2025-09-30 13F ECOLAB COM 278865100 9,466 310 3.39 2,592 5.11 0.4545
2025-08-14 2025-06-30 13F ECOLAB COM 278865100 9,156 30 0.33 2,467 6.61 0.4480
2025-04-15 2025-03-31 13F ECOLAB COM 278865100 9,126 -449 -4.69 2,314 3.12 0.4379
2025-02-03 2024-12-31 13F ECOLAB COM 278865100 9,575 0 0.00 2,244 -8.22 0.4353
2024-11-14 2024-09-30 13F ECOLAB COM 278865100 9,575 -365 -3.67 2,445 3.34 0.4675
2024-08-02 2024-06-30 13F ECOLAB COM 278865100 9,940 -1,182 -10.63 2,366 118,150.00 0.4822
2024-05-15 2024-03-31 13F ECOLAB COM 278865100 11,122 -507 -4.36 3 0.00 0.5414
2024-02-14 2023-12-31 13F ECOLAB Common Stock 278865100 11,629 -543 -4.46 2 0.00 0.4540
2023-10-26 2023-09-30 13F ECOLAB Common Stock 278865100 12,172 -2,423 -16.60 2 0.00 0.4280
2023-07-31 2023-06-30 13F ECOLAB Common Stock 278865100 14,595 -44,302 -75.22 3 -75.00 0.5609
2023-05-16 2023-03-31 13F ECOLAB Common Stock 278865100 58,897 0 0.00 9 0.00 1.8200
2023-02-10 2022-12-31 13F ECOLAB Common Stock 278865100 58,897 -1,975 -3.24 9 -99.91 1.8200
2022-10-18 2022-09-30 13F ECOLAB Common Stock 278865100 60,872 3,165 5.48 8,791 -0.92 2.0167
2022-07-15 2022-06-30 13F ECOLAB Common Stock 278865100 57,707 -1,698 -2.86 8,873 -15.40 1.9179
2022-04-12 2022-03-31 13F ECOLAB Common Stock 278865100 59,405 251 0.42 10,488 -24.42 1.9815
2022-02-23 2021-12-31 13F ECOLAB Common Stock 278865100 59,154 -240 -0.40 13,877 11.99 2.5758
2021-11-01 2021-09-30 13F ECOLAB Common Stock 278865100 59,394 -1,234 -2.04 12,391 -0.78 2.4942
2021-07-23 2021-06-30 13F ECOLAB Common Stock 278865100 60,628 -6,772 -10.05 12,488 -13.45 2.4512
2021-04-28 2021-03-31 13F ECOLAB Common Stock 278865100 67,400 -208 -0.31 14,428 -1.37 2.7437
2021-01-22 2020-12-31 13F ECOLAB Common Stock 278865100 67,608 -3,310 -4.67 14,628 3.22 2.8417
2020-10-19 2020-09-30 13F ECOLAB COM 278865100 70,918 -959 -1.33 14,172 -0.90 3.3670
2020-08-03 2020-06-30 13F ECOLAB COM 278865100 71,877 -3,128 -4.17 14,300 22.35 2.9965
2020-05-12 2020-03-31 13F ECOLAB COM 278865100 75,005 -1,409 -1.84 11,688 -20.74 2.8571
2020-02-10 2019-12-31 13F ECOLAB COM 278865100 76,414 -4,754 -5.86 14,747 -8.26 2.3777
2019-10-25 2019-09-30 13F ECOLAB COM 278865100 81,168 -400 -0.49 16,075 -0.19 2.5881
2019-07-12 2019-06-30 13F ECOLAB COM 278865100 81,568 -4,777 -5.53 16,105 5.66 2.5501
2019-05-02 2019-03-31 13F ECOLAB COM 278865100 86,345 -3,422 -3.81 15,243 15.24 2.4627
2019-02-07 2018-12-31 13F ECOLAB COM 278865100 89,767 -2,007 -2.19 13,227 -8.07 2.3043
2018-11-05 2018-09-30 13F ECOLAB COM 278865100 91,774 -723 -0.78 14,388 10.85 1.8414
2018-08-03 2018-06-30 13F ECOLAB COM 278865100 92,497 -261,708 -73.89 12,980 -73.27 1.6901
2018-05-02 2018-03-31 13F ECOLAB COM 278865100 354,205 -47,069 -11.73 48,551 -9.83 2.4049
2018-01-31 2017-12-31 13F ECOLAB COM 278865100 401,274 -16,073 -3.85 53,842 0.31 2.4139
2017-11-06 2017-09-30 13F ECOLAB COM 278865100 417,347 -5,507 -1.30 53,675 -4.38 2.2081
2017-08-02 2017-06-30 13F ECOLAB COM 278865100 422,854 -145,013 -25.54 56,134 -21.13 2.2153
2017-05-12 2017-03-31 13F ECOLAB COM 278865100 567,867 -108,964 -16.10 71,176 -10.29 2.5981
2017-02-03 2016-12-31 13F ECOLAB COM 278865100 676,831 -65,970 -8.88 79,338 -12.25 2.7837
2016-11-02 2016-09-30 13F ECOLAB COM 278865100 742,801 -118,375 -13.75 90,414 -11.48 2.8633
2016-07-27 2016-06-30 13F ECOLAB COM 278865100 861,176 -271,324 -23.96 102,136 -19.13 3.0272
2016-04-19 2016-03-31 13F ECOLAB COM 278865100 1,132,500 -4,851 -0.43 126,296 -2.92 3.6254
2016-01-12 2015-12-31 13F ECOLAB COM 278865100 1,137,351 -1,270 -0.11 130,090 4.13 3.5260
2015-10-30 2015-09-30 13F ECOLAB COM 278865100 1,138,621 -1,697 -0.15 124,929 -3.11 3.1649
2015-07-24 2015-06-30 13F ECOLAB COM 278865100 1,140,318 18,790 1.68 128,936 0.51 2.8401
2015-05-07 2015-03-31 13F ECOLAB COM 278865100 1,121,528 17,813 1.61 128,281 11.20 2.8057
2015-02-06 2014-12-31 13F ECOLAB COM 278865100 1,103,715 264,175 31.47 115,360 19.66 2.6169
2014-11-04 2014-09-30 13F ECOLAB COM 278865100 839,540 27,995 3.45 96,404 6.69 2.4314
2014-07-28 2014-06-30 13F ECOLAB COM 278865100 811,545 40,716 5.28 90,357 8.55 2.4111
2014-05-06 2014-03-31 13F ECOLAB COM 278865100 770,829 59,876 8.42 83,242 12.29 2.4601
2014-02-07 2013-12-31 13F ECOLAB COM 278865100 710,953 9,795 1.40 74,131 7.05 2.4154
2013-11-08 2013-09-30 13F ECOLAB COM 278865100 701,158 48,891 7.50 69,247 24.62 2.5939
2013-08-09 2013-06-30 13F ECOLAB COM 278865100 652,267 652,267 55,566 2.4478
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.