Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionMadison Asset Management, LLC
Latest Disclosed Ownership67,080 shares
Latest Disclosed Value $ 17,844,622
Madison Asset Management, LLC reports 6.11% increase in ownership of ECL / Ecolab Inc.

On May 7, 2026 - Madison Asset Management, LLC filed a 13F-HR form disclosing ownership of 67,080 shares of Ecolab Inc. (MX:ECL) valued at $17,844,622 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 63,218 shares of Ecolab Inc.. This represents a change in shares of 6.11% 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)
2026-05-07 2026-03-31 13F Ecolab COM 278865100 67,080 3,862 6.11 17,845 7.53 0.2213
2026-02-04 2025-12-31 13F Ecolab COM 278865100 63,218 5,047 8.68 16,596 4.17 0.1908
2025-11-06 2025-09-30 13F Ecolab COM 278865100 58,171 -1,098 -1.85 15,931 -0.24 0.1757
2025-08-11 2025-06-30 13F Ecolab COM 278865100 59,269 8,842 17.53 15,969 24.91 0.1725
2025-05-06 2025-03-31 13F Ecolab COM 278865100 50,427 -591 -1.16 12,784 6.94 0.1424
2025-02-10 2024-12-31 13F Ecolab COM 278865100 51,018 -29 -0.06 11,955 -8.28 0.1348
2024-11-12 2024-09-30 13F Ecolab COM 278865100 51,047 -643 -1.24 13,034 5.94 0.1465
2024-08-09 2024-06-30 13F Ecolab COM 278865100 51,690 -583 -1.12 12,302 1.93 0.1522
2024-05-09 2024-03-31 13F Ecolab COM 278865100 52,273 188 0.36 12,070 16.82 0.1485
2024-02-12 2023-12-31 13F Ecolab COM 278865100 52,085 -1,414 -2.64 10,331 14.00 0.1400
2023-11-13 2023-09-30 13F Ecolab COM 278865100 53,499 -1,216 -2.22 9,063 -11.28 0.1330
2023-08-01 2023-06-30 13F Ecolab COM 278865100 54,715 -1,939 -3.42 10,215 8.93 0.1490
2023-04-26 2023-03-31 13F Ecolab COM 278865100 56,654 4 0.01 9,378 117,112.50 0.1424
2023-02-08 2022-12-31 13F Ecolab COM 278865100 56,650 27,393 93.63 8 -99.81 0.1294
2022-11-10 2022-09-30 13F Ecolab COM 278865100 29,257 1,140 4.05 4,225 -2.27 0.0712
2022-08-09 2022-06-30 13F Ecolab COM 278865100 28,117 -433 -1.52 4,323 -14.24 0.0675
2022-05-12 2022-03-31 13F Ecolab COM 278865100 28,550 1,572 5.83 5,041 -20.35 0.0721
2022-02-15 2021-12-31 13F Ecolab COM 278865100 26,978 491 1.85 6,329 14.53 0.0830
2021-11-12 2021-09-30 13F Ecolab COM 278865100 26,487 633 2.45 5,526 3.77 0.0760
2021-08-09 2021-06-30 13F Ecolab COM 278865100 25,854 1,644 6.79 5,325 2.74 0.0718
2021-05-11 2021-03-31 13F Ecolab COM 278865100 24,210 1,225 5.33 5,183 4.22 0.0723
2021-02-12 2020-12-31 13F Ecolab COM 278865100 22,985 395 1.75 4,973 10.17 0.0731
2020-11-12 2020-09-30 13F Ecolab COM 278865100 22,590 -264 -1.16 4,514 -0.73 0.0754
2020-08-13 2020-06-30 13F Ecolab COM 278865100 22,854 -23 -0.10 4,547 27.55 0.0798
2020-05-12 2020-03-31 13F Ecolab COM 278865100 22,877 15,649 216.51 3,565 155.56 0.0732
2020-02-12 2019-12-31 13F Ecolab COM 278865100 7,228 7,228 1,395 0.0214
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.