What smart money is saying about Ecolab
2 funds in our archive have pitched Ecolab, most recently Baillie Gifford Worldwide Positive Change Fund in June 2026.
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through four segments: Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. The Global Water segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, global refining, petrochemical, pulp and paper industries. The Global Institutional & Specialty segment provides cleaning and sanitizing products to the foodservice, healthcare, hospitality, lodging, government, education and retail industries. The Global Pest Elimination segment provides pest elimination services to detect, prevent, and eliminate pests comprising rodents and insects in full-service and quick-service restaurants, food and beverage processors, hotels, grocery operations, and other commercial segments, including education, life sciences, and healthcare. The Global Life Sciences segment provides cleaning and contamination control solutions to pharmaceutical and personal care manufacturers. It offers its products under the Ecolab, Kay, Purolite, and Bioquell brand names. The company sells its products through field sales and corporate account personnel, distributors, and dealers. Ecolab Inc. was founded in 1923 and is headquartered in Saint Paul, Minnesota.
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Fund signal · last 12 months
5 lettersToo few moves on Ecolab yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 5 fund letters reported a position in Ecolab, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 2 | 1 | 0 | 1 |
| Q1 2026 | 2 | 1 | 1 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 3 moves
- September 2026
“Ten Largest Holdings (Alphabetical Order) – 58% of portfolio value • Disney • Ecolab • Ferguson • Games Workshop plc • Howden Joinery plc • Jack Henry • Nintendo • Old Dominion Freight Line • Tyler Technologies • Watsco Cash position: 9.3% Total holdings: 19”
Ecolab “Portfolio Changes We initiated new positions in Equinix and Arista Networks and exited our positions in Aon and Intuit. Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects.”
Ecolab- June 2026
“In the report, we use a theory-of-change logic model to show how each company’s products and services contribute to portfolio impact. For companies held for five years or longer, we link real-world impact, operational metrics and share price returns. The scale of some of the impact is impressive. For example, Sandoz , the manufacturer of generic drugs, provides access to medicine to more than one billion people, and the speciality chemicals company Ecolab enables its customers to save more than 930 billion litres of water”
Ecolab - New positionMar Vista U.S. Quality Premier PortfolioMarch 2026
“During the quarter, we initiated new investments in Ecolab (ECL), GE Vernova (GEV) and QXO Inc (QXO).”
Ecolab - TrimmedKNA CapitalFebruary 2026
“These purchases were funded in part by cash on hand, but also from trimming the Strategy’s position in Ecolab and fully exiting the position in Installed Building Products.”
Ecolab
Also mentioned · 2
These funds discuss Ecolab as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedBaillie Gifford Positive ChangeJune 2026
“The scale of some of the impact is impressive. For example, Sandoz , the manufacturer of generic drugs, provides access to medicine to more than one billion people, and the speciality chemicals company Ecolab enables its customers to save more than 930 billion litres of water (for context, household/drinking-water use in France is about 10 billion litres per day).”
Ecolab - March 2026
“ Monolithic Power Systems, Inc. (MPWR) climbed during the quarter due to strong quarterly results as well as a favorable outlook associated with demand trends. In addition, the stock benefited from several sell-side ratings upgrades and positive earnings revisions from Wall Street analysts following January’s CES conference. Shares of Taiwan Semiconductor Manufacturing Co (TSM), one of the leading global semiconductor fabricators, traded higher during the quarter after the company posted record results in its latest earnings report, including revenue growth of 36% year-over-year and all-time highs in gross and operating margins. The comprehensive earnings beat as well as the company’s robust outlook were driven by healthy AI-related demand, strong pricing, premium node performance, and market leading margins. A leader in fabless semiconductor design for networking, storage and connectivity, Marvell Technology shares rallied late in the quarter following management’s strong outlook and solid earnings report. In addition, at the end of the first quarter NVIDIA announced a $2 billion investment in the company, along with a strategic partnership focused on AI infrastructure, validating Marvell Technology’s role in next-gen AI data centers. A global leader in high-efficiency heating, ventilation and cooling solutions, Carrier Global (CARR) shares rebounded during the first quarter on improving sentiment regarding inventory challenges that weighed on the stock in the latter part of 2025. While the company failed to meet consensus expectations during the most recent quarter due to ongoing weakness in the residential end market, investors were encouraged by strong performance from Carrier’s growing commercial business. The outlook for the company’s data center business was particularly robust, as management now projects this segment to grow by 50% in 2026. A global leader in water, pest control, and hygiene and sanitation-related products and services, Ecolab (ECL) shares climbed after posting a strong earnings beat, as well as providing guidance for 2026 that exceeded expectations.”
Ecolab
Fund coverage · 2 theses
Ecolab provides specialty chemicals that help customers save large amounts of water.
Read the full thesis- Mar Vista U.S. QualityMarch 2026
Ecolab provides embedded mission-critical solutions with recurring revenues, scale advantages, and structural tailwinds from water management and regulation.
Read the full thesis
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