Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionIndependent Advisor Alliance
Latest Disclosed Ownership3,918 shares
Latest Disclosed Value $ 1,042,230
Independent Advisor Alliance reports 14.94% decrease in ownership of ECL / Ecolab Inc.

On May 12, 2026 - Independent Advisor Alliance filed a 13F-HR form disclosing ownership of 3,918 shares of Ecolab Inc. (MX:ECL) valued at $1,042,230 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 4,606 shares of Ecolab Inc.. This represents a change in shares of -14.94% 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 3,918 -688 -14.94 1,042 -13.81 0.0063
2026-02-04 2025-12-31 13F ECOLAB COM 278865100 4,606 -292 -5.96 1,209 -9.84 0.0294
2025-11-04 2025-09-30 13F ECOLAB COM 278865100 4,898 4 0.08 1,341 1.75 0.0349
2025-08-11 2025-06-30 13F ECOLAB COM 278865100 4,894 -18 -0.37 1,319 5.86 0.0380
2025-05-12 2025-03-31 13F ECOLAB COM 278865100 4,912 -471 -8.75 1,245 -1.27 0.0411
2025-02-07 2024-12-31 13F ECOLAB COM 278865100 5,383 965 21.84 1,261 11.79 0.0167
2024-11-13 2024-09-30 13F ECOLAB COM 278865100 4,418 176 4.15 1,128 11.79 0.0411
2024-08-12 2024-06-30 13F ECOLAB COM 278865100 4,242 -148 -3.37 1,009 -0.39 0.0346
2024-05-08 2024-03-31 13F ECOLAB COM 278865100 4,390 -479 -9.84 1,014 4.97 0.0366
2024-02-08 2023-12-31 13F ECOLAB COM 278865100 4,869 -2,128 -30.41 966 -18.57 0.0348
2023-10-24 2023-09-30 13F ECOLAB COM 278865100 6,997 -1,023 -12.76 1,185 -20.84 0.0536
2023-07-28 2023-06-30 13F ECOLAB COM 278865100 8,020 -988 -10.97 1,497 0.40 0.0660
2023-05-12 2023-03-31 13F ECOLAB COM 278865100 9,008 9,008 1,491 0.0719
2023-02-13 2022-12-31 13F ECOLAB COM 278865100 0 -8,188 -100.00 0 -100.00
2022-11-04 2022-09-30 13F ECOLAB COM 278865100 8,188 1,531 23.00 1,183 15.53 0.0690
2022-08-04 2022-06-30 13F ECOLAB COM 278865100 6,657 108 1.65 1,024 -11.42 0.0572
2022-05-06 2022-03-31 13F ECOLAB COM 278865100 6,549 1,826 38.66 1,156 4.33 0.0556
2022-02-11 2021-12-31 13F ECOLAB COM 278865100 4,723 1,560 49.32 1,108 67.88 0.0547
2021-11-01 2021-09-30 13F ECOLAB COM 278865100 3,163 545 20.82 660 22.45 0.0367
2021-08-12 2021-06-30 13F ECOLAB COM 278865100 2,618 163 6.64 539 2.47 0.0295
2021-05-14 2021-03-31 13F ECOLAB COM 278865100 2,455 661 36.85 526 35.57 0.0312
2021-02-11 2020-12-31 13F ECOLAB COM 278865100 1,794 12 0.67 388 8.99 0.0263
2020-11-04 2020-09-30 13F ECOLAB COM 278865100 1,782 61 3.54 356 4.09 0.0270
2020-08-06 2020-06-30 13F ECOLAB COM 278865100 1,721 246 16.68 342 48.70 0.0366
2020-05-14 2020-03-31 13F ECOLAB COM 278865100 1,475 -1,405 -48.78 230 -58.63 0.0335
2020-02-07 2019-12-31 13F ECOLAB COM 278865100 2,880 -98 -3.29 556 -5.76 0.0243
2019-11-12 2019-09-30 13F ECOLAB COM 278865100 2,978 -223 -6.97 590 -6.65 0.0721
2019-08-12 2019-06-30 13F ECOLAB COM 278865100 3,201 84 2.69 632 14.91 0.0915
2019-05-07 2019-03-31 13F ECOLAB COM 278865100 3,117 11 0.35 550 20.09 0.0773
2019-02-12 2018-12-31 13F ECOLAB COM 278865100 3,106 3,106 458 0.0811
2017-05-09 2017-03-31 13F ECOLAB Common Stock 278865100 0 -560 -100.00 0 -100.00
2017-02-15 2016-12-31 13F ECOLAB Common Stock 278865100 560 560 66 0.0258
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.