Ecolab Inc.
US ˙ NYSE ˙ US2788651006

SecurityECL / Ecolab Inc.
InstitutionFirst Merchants Corp
Latest Disclosed Ownership21,083 shares
Latest Disclosed Value $ 5,608,499
First Merchants Corp reports 3.17% decrease in ownership of ECL / Ecolab Inc.

On April 16, 2026 - First Merchants Corp filed a 13F-HR form disclosing ownership of 21,083 shares of Ecolab Inc. (US:ECL) valued at $5,608,500 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 12, 2026 disclosing 21,773 shares of Ecolab Inc.. This represents a change in shares of -3.17% during the quarter. The current value of the position is $5,390,291 USD.

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)
2026-04-16 2026-03-31 13F ECOLAB Equities 278865100 21,083 -690 -3.17 5,608 -1.87 0.2083
2026-01-12 2025-12-31 13F ECOLAB Equities 278865100 21,773 445 2.09 5,716 -2.14 0.2117
2025-10-22 2025-09-30 13F ECOLAB Equities 278865100 21,328 -141 -0.66 5,841 0.97 0.2202
2025-07-23 2025-06-30 13F ECOLAB Equities 278865100 21,469 17,257 409.71 5,785 442.08 0.2238
2025-04-24 2025-03-31 13F ECOLAB Equities 278865100 4,212 -175 -3.99 1,068 3.89 0.0426
2025-01-30 2024-12-31 13F ECOLAB Equities 278865100 4,387 -116 -2.58 1,028 -10.62 0.0395
2024-10-24 2024-09-30 13F ECOLAB Equities 278865100 4,503 76 1.72 1,150 9.12 0.0439
2024-07-25 2024-06-30 13F ECOLAB Equities 278865100 4,427 -545 -10.96 1,054 -8.28 0.0424
2024-04-25 2024-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 4,972 -525 -9.55 1,148 5.32 0.0863
2024-01-25 2023-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 5,497 -105 -1.87 1,090 14.98 0.0893
2023-10-26 2023-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 5,602 -611 -9.83 949 -18.21 0.0846
2023-07-25 2023-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 6,213 -1,179 -15.95 1,160 -5.23 0.0981
2023-04-25 2023-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,392 86 1.18 1,224 15.05 0.1090
2023-01-26 2022-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,306 -2,593 -26.19 1,063 -25.66 0.0974
2022-10-25 2022-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 9,899 -4 -0.04 1,430 -6.11 0.1432
2022-07-26 2022-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 9,903 1,173 13.44 1,523 -1.17 0.1505
2022-04-26 2022-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 8,730 564 6.91 1,541 -19.57 0.1261
2022-01-27 2021-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 8,166 883 12.12 1,916 26.05 0.1479
2021-10-26 2021-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 7,283 992 15.77 1,520 17.37 0.0968
2021-07-26 2021-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 6,291 1,220 24.06 1,295 19.35 0.0842
2021-04-22 2021-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 5,071 77 1.54 1,085 0.46 0.0723
2021-01-28 2020-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 4,994 -165 -3.20 1,080 4.75 0.0744
2020-10-28 2020-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 5,159 5 0.10 1,031 0.59 0.0785
2020-07-23 2020-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 5,154 -2,435 -32.09 1,025 -13.36 0.0865
2020-04-23 2020-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,589 0 0.00 1,183 -19.25 0.1531
2020-01-30 2019-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,589 110 1.47 1,465 -1.08 0.1500
2019-10-24 2019-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 7,479 -34 -0.45 1,481 -0.13 0.1574
2019-07-25 2019-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 7,513 -71 -0.94 1,483 10.75 0.2360
2019-04-25 2019-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,584 -325 -4.11 1,339 14.94 0.2162
2019-01-31 2018-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 7,909 -320 -3.89 1,165 -9.69 0.2236
2018-10-24 2018-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 8,229 -40 -0.48 1,290 11.21 0.2115
2018-07-26 2018-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 8,269 200 2.48 1,160 4.88 0.2019
2018-04-26 2018-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 8,069 -1,000 -11.03 1,106 -9.12 0.1857
2018-01-30 2017-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 9,069 -1,875 -17.13 1,217 -13.57 0.2075
2017-10-31 2017-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 10,944 0 0.00 1,408 -3.10 0.2432
2017-07-27 2017-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 10,944 -350 -3.10 1,453 2.61 0.4015
2017-04-27 2017-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 11,294 200 1.80 1,416 8.84 0.3944
2017-01-26 2016-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 11,094 -20 -0.18 1,301 -3.84 0.3853
2016-10-25 2016-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 11,114 -171 -1.52 1,353 1.12 0.4338
2016-07-26 2016-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 11,285 -353 -3.03 1,338 3.08 0.4411
2016-04-26 2016-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 11,638 -1,500 -11.42 1,298 -13.58 0.4598
2016-02-01 2015-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 13,138 -150 -1.13 1,502 3.02 0.5296
2015-10-22 2015-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 13,288 -302 -2.22 1,458 -5.14 0.5206
2015-07-23 2015-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 13,590 -277 -2.00 1,537 -3.09 0.4801
2015-04-27 2015-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 13,867 13,867 0.00 1,586 0.4895
2015-01-27 2014-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 0 -16,467 -100.00 0 -100.00
2014-10-23 2014-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 16,467 -135 -0.81 1,890 2.22 0.6038
2014-07-24 2014-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 16,602 -50 -0.30 1,849 2.84 0.5762
2014-04-29 2014-03-31 13F ECOLAB INC COM COMMON STOCK 278865100 16,652 -250 -1.48 1,798 2.04 0.5799
2014-01-31 2013-12-31 13F ECOLAB INC COM COMMON STOCK 278865100 16,902 -434 -2.50 1,762 2.92 0.5787
2013-10-25 2013-09-30 13F ECOLAB INC COM COMMON STOCK 278865100 17,336 -696 -3.86 1,712 11.46 0.5803
2013-07-23 2013-06-30 13F ECOLAB INC COM COMMON STOCK 278865100 18,032 18,032 1,536 0.5453
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.