Skip to main content
Livermore
Livermore
ZHEN

Mirova US LLC

SEC CIK
0001802900
Latest filing
Aug 14, 2026

The latest 13F from Mirova US LLC covers Q2 2026 (filed Aug 14, 2026): 45 long positions worth $9.30B. The top 10 holdings make up 48.9% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 9.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$335.3M
Added
4
Est. +$118.2M
Reduced
36
Est. −$883.5M
Sold out
2
Est. −$5.33M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    9.3%$862.3MHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    5.8%$543.1MHistory
  3. MAMastercard Inc
    5.1%$474.9MHistory
  4. MSFTMicrosoft Corp
    4.8%$449.9MHistory
  5. PANWPalo Alto Networks Inc
    4.8%$445.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AMDAdvanced Micro Devices Inc
    +$145.1MNewHistory
  2. SWSmurfit Westrock plc
    +$109.3MNewHistory
  3. ORCLOracle Corp
    +$62.9MNewHistory
  4. CPCanadian Pacific Kansas City Ltd
    +$55.7MAddedHistory
  5. BSXBoston Scientific Corp
    +$38.3MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMDAdvanced Micro Devices Inc
    +1.56 pp0.0% → 1.6%History
  2. SWSmurfit Westrock plc
    +1.18 pp0.0% → 1.2%History
  3. ORCLOracle Corp
    +0.68 pp0.0% → 0.7%History
  4. CPCanadian Pacific Kansas City Ltd
    +0.67 pp1.7% → 2.4%History
  5. GOOGLAlphabet Inc.
    +0.19 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$149.3MReducedHistory
  2. MSFTMicrosoft Corp
    −$130.4MReducedHistory
  3. PANWPalo Alto Networks Inc
    −$101.5MReducedHistory
  4. TJXTJX Companies Inc
    −$76.8MReducedHistory
  5. AVGOBroadcom Inc.
    −$73.3MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −1.70 pp6.5% → 4.8%History
  2. TJXTJX Companies Inc
    −1.27 pp4.4% → 3.1%History
  3. ACNAccenture plc
    −1.09 pp1.5% → 0.5%History
  4. NVDANVIDIA Corp
    −0.73 pp10.0% → 9.3%History
  5. ISRGIntuitive Surgical Inc
    −0.58 pp2.7% → 2.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$9.30B
+$488.0M (+5.5%) vs. prior quarter
Positions
45
+3 vs. prior quarter
Top 10 concentration
48.9%
Top 10 as share of value
Turnover
5.0%
Q2 2026, one quarter
Average holding period
15.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $9.96B (Q4 2025)

Q1 2021: $2.87BQ2 2021: $3.73BQ3 2021: $4.28BQ4 2021: $5.32BQ1 2022: $5.21BQ2 2022: $4.64BQ3 2022: $4.28BQ4 2022: $4.98BQ1 2023: $5.51BQ2 2023: $6.01BQ3 2023: $5.90BQ4 2023: $6.64BQ1 2024: $7.44BQ2 2024: $8.03BQ3 2024: $8.72BQ4 2024: $8.34BQ1 2025: $8.42BQ2 2025: $9.66BQ3 2025: $9.90BQ4 2025: $9.96BQ1 2026: $8.81BQ2 2026: $9.30B
Q1 2021Q2 2026
13F filings of Mirova US LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202645$9.30BNVDATSMMAvs. Q1 2026SEC
Q1 2026May 11, 202642$8.81BNVDAMSFTMAvs. Q4 2025SEC
Q4 2025Feb 11, 202643$9.96BNVDAMSFTMAvs. Q3 2025SEC
Q3 2025Oct 20, 202536$9.90BNVDAMSFTMAvs. Q2 2025SEC
Q2 2025Jul 23, 202535$9.66BNVDAMSFTMAvs. Q1 2025SEC
Q1 2025May 15, 202534$8.42BMSFTNVDAMAvs. Q4 2024SEC
Q4 2024Feb 10, 202534$8.34BNVDAMSFTMAvs. Q3 2024SEC
Q3 2024Nov 14, 202433$8.72BMSFTNVDAMAvs. Q2 2024SEC
Q2 2024Jul 31, 202429$8.03BNVDAMSFTLLYvs. Q1 2024SEC
Q1 2024May 9, 202427$7.44BMAMSFTNVDAvs. Q4 2023SEC
Q4 2023Jan 30, 202427$6.64BMAADBEMSFTvs. Q3 2023SEC
Q3 2023Nov 13, 202326$5.90BMAMSFTADBEvs. Q2 2023SEC
Q2 2023Jul 24, 202328$6.01BNVDAMSFTMAvs. Q1 2023SEC
Q1 2023May 2, 202327$5.51BNVDAMSFTTMOvs. Q4 2022SEC
Q4 2022Feb 9, 202331$4.98BTMOMAMSFTvs. Q3 2022SEC
Q3 2022Nov 3, 202229$4.28BTMOMSFTMAvs. Q2 2022SEC
Q2 2022Jul 28, 202228$4.64BTMOMAMSFTvs. Q1 2022SEC
Q1 2022May 6, 202225$5.21BMSFTMATMOvs. Q4 2021SEC
Q4 2021Feb 14, 202227$5.32BMSFTTMODHRvs. Q3 2021SEC
Q3 2021Nov 15, 202127$4.28BMSFTEBAYTMOvs. Q2 2021SEC
Q2 2021Aug 16, 202126$3.73BMSFTEBAYMAvs. Q1 2021SEC
Q1 2021May 17, 202126$2.87BMSFTEBAYMA–SEC