Ecolab Inc.
MX ˙ BMV ˙ US2788651006
SecurityMX:ECL / Ecolab Inc.
InstitutionSand Hill Global Advisors, LLC
Latest Disclosed Ownership31,807 shares
Latest Disclosed Value $ 8,461,324
Sand Hill Global Advisors, LLC reports 0.15% decrease in ownership of ECL / Ecolab Inc.

On May 14, 2026 - Sand Hill Global Advisors, LLC filed a 13F-HR form disclosing ownership of 31,807 shares of Ecolab Inc. (MX:ECL) valued at $8,461,324 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 31,854 shares of Ecolab Inc.. This represents a change in shares of -0.15% 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)
2026-05-14 2026-03-31 13F ECOLAB COM 278865100 31,807 -47 -0.15 8,461 1.18 0.2847
2026-02-12 2025-12-31 13F ECOLAB COM 278865100 31,854 -359 -1.11 8,362 -5.20 0.2918
2025-11-12 2025-09-30 13F ECOLAB COM 278865100 32,213 -991 -2.98 8,822 -1.40 0.3105
2025-08-14 2025-06-30 13F ECOLAB COM 278865100 33,204 221 0.67 8,946 7.00 0.3321
2025-05-13 2025-03-31 13F ECOLAB COM 278865100 32,983 -516 -1.54 8,362 6.52 0.3444
2025-02-13 2024-12-31 13F ECOLAB COM 278865100 33,499 -1,257 -3.62 7,849 -11.55 0.3322
2024-11-12 2024-09-30 13F ECOLAB COM 278865100 34,756 -864 -2.43 8,874 4.68 0.3742
2024-08-13 2024-06-30 13F ECOLAB COM 278865100 35,620 -675 -1.86 8,477 1.16 0.3850
2024-05-13 2024-03-31 13F ECOLAB COM 278865100 36,295 -1,309 -3.48 8,380 12.36 0.3976
2024-02-09 2023-12-31 13F ECOLAB COM 278865100 37,604 -224 -0.59 7,459 16.39 0.3590
2023-11-13 2023-09-30 13F ECOLAB COM 278865100 37,828 -2,404 -5.98 6,408 -14.67 0.3531
2023-08-11 2023-06-30 13F ECOLAB COM 278865100 40,232 74 0.18 7,511 12.98 0.3732
2023-05-12 2023-03-31 13F ECOLAB COM 278865100 40,158 610 1.54 6,647 15.48 0.3567
2023-02-10 2022-12-31 13F ECOLAB COM 278865100 39,548 -450 -1.13 5,757 -0.35 0.3249
2022-11-14 2022-09-30 13F ECOLAB COM 278865100 39,998 -518 -1.28 5,776 -7.29 0.3636
2022-08-15 2022-06-30 13F ECOLAB COM 278865100 40,516 808 2.03 6,230 -11.14 0.3549
2022-05-13 2022-03-31 13F ECOLAB COM 278865100 39,708 1,703 4.48 7,011 -21.37 0.3879
2022-02-11 2021-12-31 13F ECOLAB COM 278865100 38,005 70 0.18 8,916 12.66 0.4999
2021-11-15 2021-09-30 13F ECOLAB COM 278865100 37,935 1,052 2.85 7,914 4.17 0.4806
2021-08-13 2021-06-30 13F ECOLAB COM 278865100 36,883 1,154 3.23 7,597 -0.68 0.4640
2021-05-13 2021-03-31 13F ECOLAB COM 278865100 35,729 2,304 6.89 7,649 5.77 0.4974
2021-02-11 2020-12-31 13F ECOLAB COM 278865100 33,425 -24 -0.07 7,232 8.20 0.4832
2020-11-10 2020-09-30 13F ECOLAB COM 278865100 33,449 -521 -1.53 6,684 -1.09 0.5078
2020-08-13 2020-06-30 13F ECOLAB COM 278865100 33,970 -1,239 -3.52 6,758 23.16 0.5400
2020-05-14 2020-03-31 13F ECOLAB COM 278865100 35,209 3,943 12.61 5,487 -9.07 0.5210
2020-02-13 2019-12-31 13F ECOLAB COM 278865100 31,266 -845 -2.63 6,034 -5.11 0.5467
2019-11-14 2019-09-30 13F ECOLAB COM 278865100 32,111 -1,601 -4.75 6,359 -4.46 0.5965
2019-08-13 2019-06-30 13F ECOLAB COM 278865100 33,712 -1,674 -4.73 6,656 6.55 0.6827
2019-05-03 2019-03-31 13F ECOLAB COM 278865100 35,386 -1,088 -2.98 6,247 16.24 0.6377
2019-02-14 2018-12-31 13F ECOLAB COM 278865100 36,474 -35 -0.10 5,374 -6.11 0.5783
2018-11-13 2018-09-30 13F ECOLAB COM 278865100 36,509 -324 -0.88 5,724 10.74 0.5455
2018-08-10 2018-06-30 13F ECOLAB COM 278865100 36,833 32,136 684.18 5,169 702.64 0.5098
2018-05-10 2018-03-31 13F ECOLAB COM 278865100 4,697 2,697 134.85 644 140.30 0.6219
2018-02-13 2017-12-31 13F ECOLAB COM 278865100 2,000 0 0.00 268 4.28 0.0267
2017-11-14 2017-09-30 13F ECOLAB COM 278865100 2,000 2,000 257 0.0274
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.