Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionEmpirical Financial Services, LLC d.b.a. Empirical Wealth Management
Latest Disclosed Ownership4,731 shares
Latest Disclosed Value $ 1,258,535
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management reports 6.48% increase in ownership of ECL / Ecolab Inc.

On May 4, 2026 - Empirical Financial Services, LLC d.b.a. Empirical Wealth Management filed a 13F-HR form disclosing ownership of 4,731 shares of Ecolab Inc. (MX:ECL) valued at $1,258,535 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 16, 2026 disclosing 4,443 shares of Ecolab Inc.. This represents a change in shares of 6.48% 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)
2026-05-04 2026-03-31 13F ECOLAB COM 278865100 4,731 288 6.48 1,259 7.89 0.0150
2026-01-16 2025-12-31 13F ECOLAB COM 278865100 4,443 723 19.44 1,166 14.54 0.0208
2025-11-10 2025-09-30 13F ECOLAB COM 278865100 3,720 484 14.96 1,019 16.88 0.0204
2025-07-21 2025-06-30 13F ECOLAB COM 278865100 3,236 120 3.85 872 10.39 0.0197
2025-05-08 2025-03-31 13F ECOLAB COM 278865100 3,116 149 5.02 790 13.53 0.0203
2025-01-22 2024-12-31 13F ECOLAB COM 278865100 2,967 306 11.50 695 2.36 0.0189
2024-11-01 2024-09-30 13F ECOLAB COM 278865100 2,661 187 7.56 679 15.48 0.0191
2024-08-09 2024-06-30 13F ECOLAB COM 278865100 2,474 630 34.16 589 38.35 0.0174
2024-05-07 2024-03-31 13F ECOLAB COM 278865100 1,844 -25 -1.34 426 14.86 0.0129
2024-02-06 2023-12-31 13F ECOLAB COM 278865100 1,869 158 9.23 371 28.03 0.0123
2023-11-03 2023-09-30 13F ECOLAB COM 278865100 1,711 73 4.46 290 -5.25 0.0114
2023-08-11 2023-06-30 13F ECOLAB COM 278865100 1,638 -1,422 -46.47 306 -39.72 0.0123
2023-05-09 2023-03-31 13F ECOLAB COM 278865100 3,060 -398 -11.51 507 0.60 0.0220
2023-02-08 2022-12-31 13F ECOLAB COM 278865100 3,458 86 2.55 503 3.29 0.0237
2022-11-03 2022-09-30 13F ECOLAB COM 278865100 3,372 355 11.77 487 4.96 0.0255
2022-08-02 2022-06-30 13F ECOLAB COM 278865100 3,017 -10 -0.33 464 -13.11 0.0244
2022-05-13 2022-03-31 13F ECOLAB COM 278865100 3,027 -196 -6.08 534 -29.37 0.0266
2022-02-14 2021-12-31 13F ECOLAB COM 278865100 3,223 1,328 70.08 756 91.39 0.0377
2021-11-02 2021-09-30 13F ECOLAB COM 278865100 1,895 265 16.26 395 17.56 0.0225
2021-08-12 2021-06-30 13F ECOLAB COM 278865100 1,630 53 3.36 336 -0.59 0.0203
2021-05-17 2021-03-31 13F ECOLAB COM 278865100 1,577 1,577 338 0.0271
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.