TRILLIUM ASSET MANAGEMENT, LLC

BOSTON, MA · CIK 884541 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1982 · limited liability company

Assets managed$4.3bn
Staff53 · 38 in investment roles
Main clients (by assets)Individuals 36%, Charities 19%, Mutual funds and ETFs 18%
Private funds1 · $20.5m gross assets
Websitetrilliumassetmanagement.com
Form ADV · 2026-09-03SEC adviser record

Legal entityTrillium Asset Management LLC (US)
Part of PERPETUAL LIMITED (AU)

Other 13F filers in this group: BARROW HANLEY MEWHINNEY & STRAUSS LLC $33.0bn

$3.3bn reported value +7.8% vs Q1 2026

230positions

35.2%in top 10

8 new 69 added 124 reduced 8 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Perpetual Ltd – files its own report too

Also in the report of:

Dorsey & Whitney Trust CO LLC – $818.0k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	1,192,453	$238.6m7.34%	7.34%	Reduced -266.3k	-266,278 -18.2%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	564,783	$201.8m6.21%	6.21%	Reduced -195.1k	-195,146 -25.7%
3	APPLE INC COM AAPL	AAPL	521,841	$151.0m4.65%	4.65%	Reduced -183.5k	-183,457 -26.0%
4	MICROSOFT CORP COM MSFT	MSFT	399,983	$149.2m4.59%	4.59%	Reduced -182.3k	-182,315 -31.3%
5	PALO ALTO NETWORKS INC COM PANW	PANW	287,388	$98.0m3.02%	3.02%	Reduced -65.9k	-65,860 -18.6%
6	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	152,499	$72.8m2.24%	2.24%	Reduced -48.6k	-48,622 -24.2%
7	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	33,501	$66.7m2.05%	2.05%	Reduced -57.1k	-57,114 -63.0%
8	MASTERCARD INCORPORATED CL A MA	MA	114,606	$58.9m1.81%	1.81%	Reduced -71.7k	-71,692 -38.5%
9	TJX COS INC NEW COM TJX	TJX	388,513	$58.9m1.81%	1.81%	Reduced -74.5k	-74,508 -16.1%
10	BROADCOM INC COM AVGO	AVGO	127,701	$48.2m1.48%	1.48%	Reduced -29.0k	-28,998 -18.5%
11	PNC FINL SVCS GROUP INC COM PNC	PNC	194,700	$47.9m1.47%	1.47%	Reduced -39.4k	-39,351 -16.8%
12	BANK AMERICA CORP COM BAC	BAC	791,839	$45.1m1.39%	1.39%	Reduced -11.6k	-11,608 -1.4%
13	TRANE TECHNOLOGIES PLC SHS TT	TT	90,197	$44.3m1.36%	1.36%	Reduced -48.5k	-48,484 -35.0%
14	APPLIED MATLS INC COM AMAT	AMAT	61,218	$44.3m1.36%	1.36%	Reduced -53.6k	-53,583 -46.7%
15	ECOLAB INC COM ECL	ECL	156,801	$43.7m1.34%	1.34%	Reduced -42.1k	-42,052 -21.1%
16	COSTCO WHSL CORP NEW COM COST	COST	46,491	$43.5m1.34%	1.34%	Reduced -97.3k	-97,322 -67.7%
17	EATON CORP PLC SHS ETN	ETN	94,059	$40.1m1.23%	1.23%	Reduced -55.1k	-55,086 -36.9%
18	ASTRAZENECA PLC ORD AZN	AZN	208,971	$39.6m1.22%	1.22%	Reduced -54.5k	-54,536 -20.7%
19	LINDE PLC SHS LIN	LIN	73,973	$38.4m1.18%	1.18%	Reduced -53.1k	-53,090 -41.8%
20	WABTEC COM WAB	WAB	128,251	$34.6m1.06%	1.06%	Reduced -4.7k	-4,681 -3.5%
21	UNION PAC CORP COM UNP	UNP	126,236	$34.3m1.06%	1.06%	Reduced -33.8k	-33,844 -21.1%
22	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	88,620	$33.3m1.02%	1.02%	Reduced -28.7k	-28,670 -24.4%
23	FIRST SOLAR INC COM FSLR	FSLR	137,423	$32.4m1.00%	1.00%	Reduced -5.0k	-4,976 -3.5%
24	TRAVELERS COMPANIES INC COM TRV	TRV	94,972	$31.4m0.96%	0.96%	Reduced -7.5k	-7,535 -7.3%
25	NXP SEMICONDUCTORS N V COM NXPI	NXPI	111,448	$31.3m0.96%	0.96%	Reduced -29.9k	-29,927 -21.2%
26	ENCOMPASS HEALTH CORP COM EHC	EHC	302,395	$30.6m0.94%	0.94%	Added +57.9k	+57,932 23.7%
27	SERVICENOW INC COM NOW	NOW	306,168	$30.4m0.94%	0.94%	Reduced -39.5k	-39,513 -11.4%
28	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	60,105	$29.9m0.92%	0.92%	Reduced -39.7k	-39,657 -39.8%
29	PROLOGIS INC. COM PLD	PLD	215,681	$29.2m0.90%	0.90%	Reduced -21.9k	-21,918 -9.2%
30	HUNT J B TRANS SVCS INC COM JBHT	JBHT	99,058	$28.7m0.88%	0.88%	Reduced -16.3k	-16,288 -14.1%
31	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	214,327	$28.2m0.87%	0.87%	Reduced -23.4k	-23,357 -9.8%
32	VALMONT INDS INC COM VMI	VMI	48,505	$28.0m0.86%	0.86%	Added +5.6k	+5,641 13.2%
33	VISA INC COM CL A V	V	81,502	$28.0m0.86%	0.86%	Reduced -41.2k	-41,155 -33.5%
34	NETFLIX INC COM NFLX	NFLX	385,626	$27.5m0.85%	0.85%	Reduced -25.0k	-24,967 -6.1%
35	JONES LANG LASALLE INC COM JLL	JLL	88,575	$27.5m0.84%	0.84%	Reduced -20.2k	-20,182 -18.6%
36	HOME DEPOT INC COM HD	HD	77,614	$27.4m0.84%	0.84%	Reduced -30.5k	-30,508 -28.2%
37	UNILEVER PLC SPON ADR NEW UL	UL	447,107	$26.9m0.83%	0.83%	Reduced -20.5k	-20,477 -4.4%
38	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	112,368	$26.7m0.82%	0.82%	Reduced -33.0k	-33,030 -22.7%
39	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	200,498	$24.7m0.76%	0.76%	Reduced -37.2k	-37,162 -15.6%
40	XYLEM INC COM XYL	XYL	203,219	$24.0m0.74%	0.74%	Reduced -24.7k	-24,668 -10.8%
41	MERCADOLIBRE INC COM MELI	MELI	14,139	$24.0m0.74%	0.74%	Reduced -14.2k	-14,232 -50.2%
42	ROCKWELL AUTOMATION INC COM ROK	ROK	46,147	$22.8m0.70%	0.70%	Added +32.4k	+32,365 234.8%
43	STRYKER CORPORATION COM SYK	SYK	71,991	$22.7m0.70%	0.70%	Reduced -33.8k	-33,820 -32.0%
44	FIFTH THIRD BANCORP COM FITB	FITB	390,873	$22.0m0.68%	0.68%	Added +19.6k	+19,636 5.3%
45	QUANTA SVCS INC COM PWR	PWR	30,443	$21.9m0.67%	0.67%	Reduced -40.2k	-40,217 -56.9%
46	UNITED RENTALS INC COM URI	URI	19,155	$21.7m0.67%	0.67%	Reduced -39.3k	-39,316 -67.2%
47	NVENT ELECTRIC PLC SHS NVT	NVT	126,329	$21.4m0.66%	0.66%	Reduced -15.8k	-15,757 -11.1%
48	BOOKING HOLDINGS INC COM BKNG	BKNG	119,196	$21.2m0.65%	0.65%	Reduced -553.5k	-553,529 -82.3%
49	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	619,316	$21.1m0.65%	0.65%	Added +21.3k	+21,270 3.6%
50	MYR GROUP INC DEL COM MYRG	MYRG	41,875	$21.0m0.64%	0.64%	Reduced -7.3k	-7,287 -14.8%
51	LPL FINL HLDGS INC COM LPLA	LPLA	71,767	$20.2m0.62%	0.62%	Reduced -828	-828 -1.1%
52	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	180,310	$20.1m0.62%	0.62%	Added +956	+956 0.5%
53	AUTOZONE INC COM AZO	AZO	6,269	$20.0m0.62%	0.62%	Reduced -36.0k	-36,020 -85.2%
54	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	175,200	$20.0m0.62%	0.62%	Added +39.5k	+39,550 29.2%
55	EAST WEST BANCORP INC COM EWBC	EWBC	150,582	$19.4m0.60%	0.60%	Added +4.4k	+4,391 3.0%
56	EQUINIX INC COM EQIX	EQIX	18,120	$18.9m0.58%	0.58%	Reduced -44.9k	-44,936 -71.3%
57	TETRA TECH INC NEW COM TTEK	TTEK	647,910	$18.7m0.58%	0.58%	Added +47.5k	+47,525 7.9%
58	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	40,426	$18.6m0.57%	0.57%	Reduced -24.3k	-24,305 -37.5%
59	VERISK ANALYTICS INC COM VRSK	VRSK	97,991	$17.6m0.54%	0.54%	Added +6.6k	+6,604 7.2%
60	MARRIOTT INTL INC NEW CL A MAR	MAR	46,918	$17.4m0.53%	0.53%	Reduced -31.9k	-31,918 -40.5%
61	CMS ENERGY CORP COM CMS	CMS	226,709	$17.3m0.53%	0.53%	Added +72.1k	+72,064 46.6%
62	DECKERS OUTDOOR CORP COM DECK	DECK	173,671	$17.2m0.53%	0.53%	Added +3.4k	+3,443 2.0%
63	STARBUCKS CORP COM SBUX	SBUX	162,110	$16.6m0.51%	0.51%	Reduced -10.1k	-10,057 -5.8%
64	ORMAT TECHNOLOGIES INC COM ORA	ORA	147,901	$16.1m0.50%	0.50%	Reduced -8.6k	-8,592 -5.5%
65	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	31,849	$16.0m0.49%	0.49%	Reduced -28.7k	-28,675 -47.4%
66	AFLAC INC COM AFL	AFL	129,798	$15.2m0.47%	0.47%	Reduced -19.9k	-19,873 -13.3%
67	PROCTER AND GAMBLE CO COM PG	PG	94,025	$13.8m0.42%	0.42%	Reduced -20.1k	-20,126 -17.6%
68	BANK NEW YORK MELLON CORP COM BNY	BNY	94,301	$13.6m0.42%	0.42%	Reduced -7.7k	-7,720 -7.6%
69	INTUIT COM INTU	INTU	52,231	$13.6m0.42%	0.42%	Reduced -15.3k	-15,274 -22.6%
70	GALLAGHER ARTHUR J & CO COM AJG	AJG	57,579	$13.2m0.41%	0.41%	Added +18.8k	+18,798 48.5%
71	DEERE & CO COM DE	DE	20,484	$13.0m0.40%	0.40%	Reduced -1.9k	-1,861 -8.3%
72	BOSTON SCIENTIFIC CORP COM BSX	BSX	303,755	$13.0m0.40%	0.40%	Added +7.6k	+7,635 2.6%
73	NEXTRACKER INC CLASS A COM NXT	NXT	100,343	$12.0m0.37%	0.37%	Reduced -3.8k	-3,772 -3.6%
74	SITIME CORP COM SITM	SITM	15,560	$11.6m0.36%	0.36%	Reduced -7.0k	-6,967 -30.9%
75	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	28,250	$11.2m0.35%	0.35%	Reduced -11.1k	-11,111 -28.2%
76	MERCK & CO INC COM MRK	MRK	87,017	$11.2m0.34%	0.34%	Reduced -4.4k	-4,355 -4.8%
77	ISHARES TR MSCI KLD400 SOC DSI	DSI	70,793	$10.1m0.31%	0.31%	Reduced -61.8k	-61,763 -46.6%
78	ALLEGRO MICROSYSTEMS INC COM ALGM	ALGM	143,348	$10.0m0.31%	0.31%	Added +15.8k	+15,791 12.4%
79	LINCOLN ELEC HLDGS INC COM LECO	LECO	36,059	$9.6m0.29%	0.29%	Added +3.8k	+3,816 11.8%
80	GILEAD SCIENCES INC COM GILD	GILD	75,118	$9.5m0.29%	0.29%	Reduced -6.3k	-6,294 -7.7%
81	NEW YORK TIMES CO CL A NYT	NYT	129,107	$9.0m0.28%	0.28%	Added +14.2k	+14,233 12.4%
82	HDFC BANK LTD SPONSORED ADS HDB	HDB	342,146	$8.8m0.27%	0.27%	Added +87.4k	+87,404 34.3%
83	PROGRESSIVE CORP COM PGR	PGR	40,082	$8.8m0.27%	0.27%	Reduced -29.2k	-29,155 -42.1%
84	AMERICAN TOWER CORP NEW COM AMT	AMT	53,510	$8.8m0.27%	0.27%	Reduced -2.9k	-2,878 -5.1%
85	CISCO SYS INC COM CSCO	CSCO	74,127	$8.7m0.27%	0.27%	Reduced -3.0k	-2,965 -3.9%
86	BURLINGTON STORES INC COM BURL	BURL	26,830	$8.5m0.26%	0.26%	Added +2.7k	+2,731 11.3%
87	SYSCO CORP COM SYY	SYY	101,542	$8.5m0.26%	0.26%	Added +1.1k	+1,085 1.1%
88	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	53,843	$8.4m0.26%	0.26%	Added +33.9k	+33,940 170.5%
89	INTERCONTINENTAL HOTELS GROU SPONSORED ADS IHG	IHG	47,047	$8.1m0.25%	0.25%	Added +4.2k	+4,183 9.8%
90	ELEVANCE HEALTH INC COM ELV	ELV	20,852	$8.1m0.25%	0.25%	Reduced -1.4k	-1,450 -6.5%
91	ALCON AG ORD SHS ALC	ALC	118,658	$8.0m0.24%	0.24%	Reduced -30.3k	-30,291 -20.3%
92	AVERY DENNISON CORP COM AVY	AVY	47,500	$7.7m0.24%	0.24%	Reduced -10.9k	-10,853 -18.6%
93	HEXCEL CORP NEW COM HXL	HXL	75,302	$7.5m0.23%	0.23%	Added +8.3k	+8,314 12.4%
94	MSA SAFETY INC COM MSA	MSA	41,420	$7.2m0.22%	0.22%	Added +4.3k	+4,348 11.7%
95	INGEVITY CORP COM NGVT	NGVT	92,450	$6.9m0.21%	0.21%	Added +7.5k	+7,504 8.8%
96	HANOVER INS GROUP INC COM THG	THG	32,198	$6.9m0.21%	0.21%	Added +3.4k	+3,377 11.7%
97	UNITEDHEALTH GROUP INC COM UNH	UNH	15,493	$6.4m0.20%	0.20%	Reduced -19.2k	-19,226 -55.4%
98	OKTA INC CL A OKTA	OKTA	46,128	$6.3m0.19%	0.19%	New
99	TRIMBLE INC COM TRMB	TRMB	122,363	$6.3m0.19%	0.19%	Added +11.9k	+11,904 10.8%
100	DYNATRACE INC COM NEW DT	DT	140,716	$6.2m0.19%	0.19%	Added +14.7k	+14,738 11.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PAYLOCITY HLDG CORP PCTY	PCTY	88,349	$9.9m88.3k shares
LAMB WESTON HLDGS INC LW	LW	69,045	$3.2m69.0k shares
MIDDLEBY CORP MIDD	MIDD	19,117	$2.8m19.1k shares
LOWES COS INC LOW	LOW	1,103	$261.0k1.1k shares
AMGEN INC AMGN	AMGN	729	$256.0k729 shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	3,612	$219.0k3.6k shares
AT&T INC T	T	7,261	$210.0k7.3k shares
AGILENT TECHNOLOGIES INC A	A	1,843	$210.0k1.8k shares