Triodos Investment Management BV Long-Term Concentrated

CIK: 0001748729 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $1,383,484 (100.0% shares, 0.0% debt)

Holdings (51)

New Positions (3)

LLY ELI LILLY & CO 1.8%

Value ($000) $24,273 Shares 22,480 Est. Cost $955.55 Unrealized 0.0%

VLTO VERALTO CORP 1.4%

Value ($000) $18,853 Shares 186,000 Est. Cost $101.01 Unrealized 0.0%

KMB KIMBERLY-CLARK CORP 0.2%

Value ($000) $2,641 Shares 26,000 Est. Cost $108.41 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	22,480	$24,273	1.8%	$955.55	0.0%	COM	532457108
VLTO	VERALTO CORP	186,000	$18,853	1.4%	$101.01	0.0%	COM SHS	92338C103
KMB	KIMBERLY-CLARK CORP	26,000	$2,641	0.2%	$108.41	0.0%	COM	494368103

Increased Positions (6)

LIF LIFE360 INC 0.2%

Value ($000) $2,102 (-29.3%) Shares 31,500 (+12.5%) Est. Cost $48.63 Unrealized +70.8%

ZBRA ZEBRA TECHNOLOGIES CORPORATI 1.0%

Value ($000) $13,324 (+4.4%) Shares 54,000 (+25.6%) Est. Cost $287.54 Unrealized -7.0%

BLKB BLACKBAUD INC 0.3%

Value ($000) $3,748 (+8.0%) Shares 59,000 (+9.3%) Est. Cost $66.83 Unrealized -7.4%

DUOL DUOLINGO INC 0.1%

Value ($000) $1,949 (-10.4%) Shares 11,000 (+63.0%) Est. Cost $306.26 Unrealized -23.1%

KIDS ORTHOPEDIATRICS CORP 0.2%

Value ($000) $2,640 (+7.6%) Shares 147,000 (+10.9%) Est. Cost $27.66 Unrealized -36.7%

BFAM BRIGHT HORIZONS FAM SOL IN D 0.2%

Value ($000) $3,166 (+2.3%) Shares 31,000 (+8.8%) Est. Cost $104.89 Unrealized -3.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIF	LIFE360 INC	31,500 (+12.5%)	$2,102 (-29.3%)	0.2%	$48.63	+70.8%	COM	532206109
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	54,000 (+25.6%)	$13,324 (+4.4%)	1.0%	$287.54	-7.0%	CL A	989207105
BLKB	BLACKBAUD INC	59,000 (+9.3%)	$3,748 (+8.0%)	0.3%	$66.83	-7.4%	COM	09227Q100
DUOL	DUOLINGO INC	11,000 (+63.0%)	$1,949 (-10.4%)	0.1%	$306.26	-23.1%	CL A COM	26603R106
KIDS	ORTHOPEDIATRICS CORP	147,000 (+10.9%)	$2,640 (+7.6%)	0.2%	$27.66	-36.7%	COM	68752L100
BFAM	BRIGHT HORIZONS FAM SOL IN D	31,000 (+8.8%)	$3,166 (+2.3%)	0.2%	$104.89	-3.8%	COM	109194100

Exited Positions (2)

NOMD NOMAD FOODS LTD 0.9%

Value ($000) $12,613 Shares 959,179 Est. Cost $26.20 Unrealized -53.4%

SW SMURFIT WESTROCK PLC 0.0%

Value ($000) $315 Shares 7,400 Est. Cost $43.84 Unrealized -13.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOMD	NOMAD FOODS LTD	959,179	$12,613	0.9%	$26.20	-53.4%	—	G6564A105
SW	SMURFIT WESTROCK PLC	7,400	$315	0.0%	$43.84	-13.0%	—	G8267P108

Decreased Positions (14)

FSLR FIRST SOLAR INC 4.8%

Value ($000) $65,916 (+15.4%) Shares 249,400 (-3.8%) Est. Cost $143.61 Unrealized +75.6%

EBAY EBAY INC 3.4%

Value ($000) $47,400 (-15.6%) Shares 544,198 (-11.9%) Est. Cost $42.34 Unrealized +104.0%

NVDA NVIDIA CORPORATION 5.4%

Value ($000) $74,635 (-10.4%) Shares 397,970 (-10.9%) Est. Cost $90.53 Unrealized +105.6%

ISRG INTUITIVE SURGICAL INC 3.3%

Value ($000) $46,318 (+14.8%) Shares 80,887 (-10.3%) Est. Cost $265.60 Unrealized +100.4%

CWT CALIFORNIA WTR SVC GROUP 1.3%

Value ($000) $18,038 (-20.3%) Shares 414,000 (-16.0%) Est. Cost $44.82 Unrealized +0.7%

WMS ADVANCED DRAIN SYS INC DEL 5.7%

Value ($000) $79,061 (+4.4%) Shares 538,011 (-1.5%) Est. Cost $102.94 Unrealized +40.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.2%

Value ($000) $72,334 (+2.8%) Shares 241,453 (-4.1%) Est. Cost $46.58 Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 2.1%

Value ($000) $28,385 (-4.6%) Shares 81,380 (-11.6%) Est. Cost $272.10 Unrealized +23.7%

TIGO MILLICOM INTL CELLULAR S A 2.4%

Value ($000) $33,440 (-2.8%) Shares 607,000 (-14.4%) Est. Cost $27.55 Unrealized +82.8%

PLNT PLANET FITNESS INC 2.2%

Value ($000) $30,139 (-2.2%) Shares 276,000 (-7.1%) Est. Cost $66.82 Unrealized +54.1%

AYI ACUITY INC 1.9%

Value ($000) $26,639 (+2.5%) Shares 73,000 (-3.3%) Est. Cost $151.81 Unrealized +137.9%

RVTY REVVITY INC 0.3%

Value ($000) $3,556 (+8.2%) Shares 36,500 (-2.7%) Est. Cost $112.83 Unrealized -14.9%

KLAC KLA CORP 5.2%

Value ($000) $71,698 (+0.2%) Shares 57,651 (-13.2%) Est. Cost $414.00 Unrealized +183.1%

ZWS ZURN ELKAY WATER SOLNS CORP 0.3%

Value ($000) $3,928 (-1.8%) Shares 83,000 (-2.4%) Est. Cost $29.73 Unrealized +57.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSLR	FIRST SOLAR INC	249,400 (-3.8%)	$65,916 (+15.4%)	4.8%	$143.61	+75.6%	COM	336433107
EBAY	EBAY INC	544,198 (-11.9%)	$47,400 (-15.6%)	3.4%	$42.34	+104.0%	COM	278642103
NVDA	NVIDIA CORPORATION	397,970 (-10.9%)	$74,635 (-10.4%)	5.4%	$90.53	+105.6%	COM	67066G104
ISRG	INTUITIVE SURGICAL INC	80,887 (-10.3%)	$46,318 (+14.8%)	3.3%	$265.60	+100.4%	COM NEW	46120E602
CWT	CALIFORNIA WTR SVC GROUP	414,000 (-16.0%)	$18,038 (-20.3%)	1.3%	$44.82	+0.7%	COM	130788102
WMS	ADVANCED DRAIN SYS INC DEL	538,011 (-1.5%)	$79,061 (+4.4%)	5.7%	$102.94	+40.6%	COM	00790R104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	241,453 (-4.1%)	$72,334 (+2.8%)	5.2%	$46.58	—	SPONSORED ADS	874039100
ELV	ELEVANCE HEALTH INC FORMERLY	81,380 (-11.6%)	$28,385 (-4.6%)	2.1%	$272.10	+23.7%	COM	036752103
TIGO	MILLICOM INTL CELLULAR S A	607,000 (-14.4%)	$33,440 (-2.8%)	2.4%	$27.55	+82.8%	COM STK	L6388F110
PLNT	PLANET FITNESS INC	276,000 (-7.1%)	$30,139 (-2.2%)	2.2%	$66.82	+54.1%	CL A	72703H101
AYI	ACUITY INC	73,000 (-3.3%)	$26,639 (+2.5%)	1.9%	$151.81	+137.9%	COM	00508Y102
RVTY	REVVITY INC	36,500 (-2.7%)	$3,556 (+8.2%)	0.3%	$112.83	-14.9%	COM	714046109
KLAC	KLA CORP	57,651 (-13.2%)	$71,698 (+0.2%)	5.2%	$414.00	+183.1%	COM NEW	482480100
ZWS	ZURN ELKAY WATER SOLNS CORP	83,000 (-2.4%)	$3,928 (-1.8%)	0.3%	$29.73	+57.3%	COM	98983L108

Unchanged Positions (28)

ARE ALEXANDRIA REAL ESTATE EQ IN 0.8%

Value ($000) $11,170 Shares 225,800 Est. Cost $99.10 Unrealized -41.5%

DAR DARLING INGREDIENTS INC 2.5%

Value ($000) $34,079 Shares 932,914 Est. Cost $56.44 Unrealized -40.0%

OLED UNIVERSAL DISPLAY CORP 1.6%

Value ($000) $22,008 Shares 185,000 Est. Cost $146.12 Unrealized -11.5%

OC OWENS CORNING NEW 1.3%

Value ($000) $17,651 Shares 156,000 Est. Cost $92.72 Unrealized +26.6%

PANW PALO ALTO NETWORKS INC 3.0%

Value ($000) $41,032 Shares 219,600 Est. Cost $172.45 Unrealized +17.0%

EW EDWARDS LIFESCIENCES CORP 3.1%

Value ($000) $43,519 Shares 504,858 Est. Cost $73.96 Unrealized +11.0%

GNTX GENTEX CORP 1.4%

Value ($000) $18,872 Shares 801,000 Est. Cost $28.53 Unrealized -15.5%

RMD RESMED INC 2.1%

Value ($000) $29,315 Shares 120,600 Est. Cost $183.77 Unrealized +39.0%

T AT&T INC 1.9%

Value ($000) $26,082 Shares 1,051,265 Est. Cost $15.70 Unrealized +61.1%

AKAM AKAMAI TECHNOLOGIES INC 1.9%

Value ($000) $26,208 Shares 297,924 Est. Cost $102.02 Unrealized -19.4%

COO COOPER COS INC 1.5%

Value ($000) $20,473 Shares 248,250 Est. Cost $86.08 Unrealized -13.0%

PG PROCTER AND GAMBLE CO 2.7%

Value ($000) $36,746 Shares 255,095 Est. Cost $96.31 Unrealized +52.8%

XYL XYLEM INC 2.4%

Value ($000) $33,090 Shares 240,500 Est. Cost $111.06 Unrealized +29.3%

ALLE ALLEGION PLC 1.7%

Value ($000) $23,364 Shares 145,000 Est. Cost $113.60 Unrealized +46.7%

LRN STRIDE INC 0.1%

Value ($000) $1,376 Shares 21,000 Est. Cost $42.07 Unrealized +115.8%

GEN GEN DIGITAL INC 2.8%

Value ($000) $39,132 Shares 1,425,038 Est. Cost $19.95 Unrealized +34.5%

MWA MUELLER WTR PRODS INC 1.9%

Value ($000) $26,465 Shares 1,090,000 Est. Cost $11.30 Unrealized +118.5%

MSA MSA SAFETY INC 1.4%

Value ($000) $19,834 Shares 122,000 Est. Cost $178.12 Unrealized -8.6%

STRA STRATEGIC ED INC 1.3%

Value ($000) $17,846 Shares 220,000 Est. Cost $73.06 Unrealized +8.7%

MA MASTERCARD INCORPORATED 4.3%

Value ($000) $59,107 Shares 102,364 Est. Cost $356.30 Unrealized +56.9%

INGR INGREDION INC 0.6%

Value ($000) $8,784 Shares 79,000 Est. Cost $129.75 Unrealized -13.1%

DE DEERE & CO 2.6%

Value ($000) $35,645 Shares 75,850 Est. Cost $380.47 Unrealized +22.9%

HASI HA SUSTAINABLE INFRA CAP INC 1.3%

Value ($000) $17,584 Shares 550,000 Est. Cost $24.67 Unrealized +26.1%

HOLX HOLOGIC INC 0.3%

Value ($000) $4,677 Shares 62,750 Est. Cost $72.04 Unrealized +1.4%

CSL CARLISLE COS INC 2.1%

Value ($000) $29,420 Shares 90,750 Est. Cost $399.71 Unrealized -19.3%

ADBE ADOBE INC 2.2%

Value ($000) $30,153 Shares 85,537 Est. Cost $418.29 Unrealized -18.7%

WTS WATTS WATER TECHNOLOGIES INC 1.7%

Value ($000) $24,083 Shares 86,000 Est. Cost $195.74 Unrealized +40.9%

BMI BADGER METER INC 0.8%

Value ($000) $11,585 Shares 65,000 Est. Cost $53.90 Unrealized +233.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARE	ALEXANDRIA REAL ESTATE EQ IN	225,800	$11,170	0.8%	$99.10	-41.5%	COM	015271109
DAR	DARLING INGREDIENTS INC	932,914	$34,079	2.5%	$56.44	-40.0%	COM	237266101
OLED	UNIVERSAL DISPLAY CORP	185,000	$22,008	1.6%	$146.12	-11.5%	COM	91347P105
OC	OWENS CORNING NEW	156,000	$17,651	1.3%	$92.72	+26.6%	COM	690742101
PANW	PALO ALTO NETWORKS INC	219,600	$41,032	3.0%	$172.45	+17.0%	COM	697435105
EW	EDWARDS LIFESCIENCES CORP	504,858	$43,519	3.1%	$73.96	+11.0%	COM	28176E108
GNTX	GENTEX CORP	801,000	$18,872	1.4%	$28.53	-15.5%	COM	371901109
RMD	RESMED INC	120,600	$29,315	2.1%	$183.77	+39.0%	COM	761152107
T	AT&T INC	1,051,265	$26,082	1.9%	$15.70	+61.1%	COM	00206R102
AKAM	AKAMAI TECHNOLOGIES INC	297,924	$26,208	1.9%	$102.02	-19.4%	COM	00971T101
COO	COOPER COS INC	248,250	$20,473	1.5%	$86.08	-13.0%	COM	216648501
PG	PROCTER AND GAMBLE CO	255,095	$36,746	2.7%	$96.31	+52.8%	COM	742718109
XYL	XYLEM INC	240,500	$33,090	2.4%	$111.06	+29.3%	COM	98419M100
ALLE	ALLEGION PLC	145,000	$23,364	1.7%	$113.60	+46.7%	ORD SHS	G0176J109
LRN	STRIDE INC	21,000	$1,376	0.1%	$42.07	+115.8%	COM	86333M108
GEN	GEN DIGITAL INC	1,425,038	$39,132	2.8%	$19.95	+34.5%	COM	668771108
MWA	MUELLER WTR PRODS INC	1,090,000	$26,465	1.9%	$11.30	+118.5%	COM SER A	624758108
MSA	MSA SAFETY INC	122,000	$19,834	1.4%	$178.12	-8.6%	COM	553498106
STRA	STRATEGIC ED INC	220,000	$17,846	1.3%	$73.06	+8.7%	COM	86272C103
MA	MASTERCARD INCORPORATED	102,364	$59,107	4.3%	$356.30	+56.9%	CL A	57636Q104
INGR	INGREDION INC	79,000	$8,784	0.6%	$129.75	-13.1%	COM	457187102
DE	DEERE & CO	75,850	$35,645	2.6%	$380.47	+22.9%	COM	244199105
HASI	HA SUSTAINABLE INFRA CAP INC	550,000	$17,584	1.3%	$24.67	+26.1%	COM	41068X100
HOLX	HOLOGIC INC	62,750	$4,677	0.3%	$72.04	+1.4%	COM	436440101
CSL	CARLISLE COS INC	90,750	$29,420	2.1%	$399.71	-19.3%	COM	142339100
ADBE	ADOBE INC	85,537	$30,153	2.2%	$418.29	-18.7%	COM	00724F101
WTS	WATTS WATER TECHNOLOGIES INC	86,000	$24,083	1.7%	$195.74	+40.9%	CL A	942749102
BMI	BADGER METER INC	65,000	$11,585	0.8%	$53.90	+233.5%	COM	056525108