ECOLAB INC ECL
COM · Common Stock · CUSIP 278865100 · ISIN US2788651006
American global provider of water, hygiene and energy technologies
- SectorConsumer staples
- IndustrySoap, Detergents, Cleang Preparations, Perfumes, Cosmetics
- HeadquartersSaint Paul, MN
- Founded1923
- Websiteecolab.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($446.5m this quarter). Holder counts are more reliable. Shares outstanding: 281.4m as of 2026-03-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $265.62. Options: 19 managers hold calls ($209.5m notional), 20 hold puts ($48.1m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,204 |
| Q4 2022 | 1,221 |
| Q1 2023 | 1,253 |
| Q2 2023 | 1,285 |
| Q3 2023 | 1,263 |
| Q4 2023 | 1,366 |
| Q1 2024 | 1,425 |
| Q2 2024 | 1,462 |
| Q3 2024 | 1,503 |
| Q4 2024 | 1,563 |
| Q1 2025 | 1,617 |
| Q2 2025 | 1,626 |
| Q3 2025 | 1,621 |
| Q4 2025 | 1,675 |
| Q1 2026 | 1,701 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 648 | 606 |
| Q3 2024 | 632 | 645 |
| Q4 2024 | 640 | 660 |
| Q1 2025 | 697 | 725 |
| Q2 2025 | 734 | 713 |
| Q3 2025 | 732 | 688 |
| Q4 2025 | 671 | 747 |
| Q1 2026 | 770 | 751 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $158.2m | $122.9m | 0.78 |
| Q3 2025 | $139.7m | $55.1m | 0.39 |
| Q4 2025 | $61.0m | $39.2m | 0.64 |
| Q1 2026 | $209.5m | $48.1m | 0.23 |
Biggest buyers
| Capital Research Global Investors | Added | +1.7m |
| JPMORGAN CHASE & CO | Added | +1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +830.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +355.2k |
| Qube Research & Technologies Ltd | Added | +350.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +317.0k |
| RENAISSANCE TECHNOLOGIES LLC | New | +313.4k |
| JONES FINANCIAL COMPANIES LLLP | Added | +249.6k |
| Sarasin & Partners LLP | Added | +249.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +248.9k |
Biggest sellers
| Capital World Investors | Reduced | -2.4m |
| Corient Private Wealth LP | Reduced | -1.1m |
| HSBC HOLDINGS PLC | Reduced | -891.7k |
| Capital International Investors | Sold out | -762.3k |
| Pictet Asset Management Holding SA | Reduced | -601.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -495.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -492.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -454.7k |
| Holocene Advisors, LP | Sold out | -424.8k |
| BROWN ADVISORY INC | Reduced | -419.0k |
Biggest calls
| MASTERS CAPITAL MANAGEMENT LLC | New | $53.2m200.0k shares |
| CITADEL ADVISORS LLC | Added | $38.0m142.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $37.4m140.6k shares |
| Oribel Capital Management, LP | New | $27.3m102.6k shares |
| Walleye Trading LLC | Added | $18.5m69.5k shares |
| JANE STREET GROUP, LLC | Added | $7.4m27.7k shares |
| IMC-Chicago, LLC | Added | $6.4m24.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.8m21.9k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $5.1m19.1k shares |
| Allianz Asset Management GmbH | Added | $4.9m18.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.8m51.7k shares |
| Twin Tree Management, LP | New | $5.5m20.8k shares |
| Allianz Asset Management GmbH | Added | $5.3m20.0k shares |
| PEAK6 LLC | New | $4.8m18.0k shares |
| IMC-Chicago, LLC | Added | $4.4m16.5k shares |
| CITADEL ADVISORS LLC | Added | $4.3m16.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m6.9k shares |
| Lido Advisors, LLC | Unchanged | $1.6m6.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.4m5.4k shares |
| Squarepoint Ops LLC | New | $1.2m4.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.7% |
| JPMORGAN CHASE & CO 13G · institution new · filed 2026-07-16 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $147.8k | 1 | $1.0m | — |
| Q3 2024 | 1 | $156.3k | 4 | $4.6m | — |
| Q4 2024 | 0 | — | 3 | $6.0m | — |
| Q1 2025 | 1 | $105.8k | 5 | $5.6m | — |
| Q2 2025 | 1 | $125.9k | 3 | $3.4m | — |
| Q3 2025 | 1 | $167.1k | 2 | $608.8k | — |
| Q4 2025 | 1 | $193.2k | 2 | $6.1m | — |
| Q1 2026 | 0 | — | 6 | $11.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-26 | Cook Gregory B EVP & PRES - INST GROUP | Sold | $1.1m3.5k shares |
| 2026-02-25 | McKibben Tracy B Director | Sold | $390.5k1.3k shares |
| 2026-02-24 | Beck Christophe CHAIRMAN & CEO, director | Sold | $6.1m20.0k shares |
| 2026-02-17 | Alfano Nicholas J. EVP & PRES - GLOBAL WATER | Sold | $2.9m9.5k shares |
| 2026-02-13 | REICH VICTORIA Director | Sold | $301.1k1.0k shares |
| 2026-02-13 | Bradway Jennifer J SVP & CORPORATE CONTROLLER | Sold | $185.1k613 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 22.8m $6.1bn | Added +217.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 16.5m $4.4bn | First filing |
| JPMORGAN CHASE & CO 0.21% of their portfolio | 11.7m $3.1bn | Added +1.0m |
| STATE STREET CORP 0.10% of their portfolio | 11.2m $3.0bn | Added +128.1k |
| MORGAN STANLEY 0.12% of their portfolio | 7.8m $2.1bn | Reduced -92.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 6.3m $1.7bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 6.0m $1.6bn | Added +355.2k |
| GATES FOUNDATION TRUST 4.38% of their portfolio | 5.2m $1.4bn | Unchanged |
| Aristotle Capital Management, LLC 2.06% of their portfolio | 3.7m $986.5m | Reduced -180.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio | 3.6m $948.6m | Added +97.7k |
| ROYAL BANK OF CANADA 0.18% of their portfolio | 3.5m $930.3m | Reduced -32.2k |
| Pictet Asset Management Holding SA 0.91% of their portfolio | 3.3m $866.8m | Reduced -601.2k |
| Capital Research Global Investors 0.13% of their portfolio | 3.1m $817.3m | Added +1.7m |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.8m $739.6m | Reduced -70.6k |
| Invesco Ltd. 0.07% of their portfolio | 2.6m $692.1m | Reduced -12.0k |
| FRANKLIN RESOURCES INC 0.16% of their portfolio | 2.5m $667.6m | Reduced -103.6k |
| Amundi 0.17% of their portfolio | 2.4m $641.6m | Added +88.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.32% of their portfolio | 2.2m $596.9m | Added +830.7k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 2.0m $534.5m | Reduced -58.2k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.0m $523.3m | Reduced -269.5k |
| Legal & General Group Plc 0.12% of their portfolio | 1.9m $516.3m | Reduced -141.5k |
| FMR LLC 0.03% of their portfolio | 1.8m $478.9m | Added +50.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.44% of their portfolio | 1.8m $478.3m | Reduced -492.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.43% of their portfolio | 1.8m $457.7m | Added +40.6k |
| Swedbank AB 0.48% of their portfolio | 1.7m $457.2m | Added +90.4k |
| JANUS HENDERSON GROUP PLC 0.22% of their portfolio | 1.7m $452.5m | Added +109.9k |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 1.6m $431.3m | Reduced -4.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.6m $420.7m | Added +74.8k |
| Capital World Investors 0.06% of their portfolio | 1.5m $408.7m | Reduced -2.4m |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.5m $403.2m | Reduced -870 |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 1.4m $383.5m | First filing |
| Nuveen, LLC 0.10% of their portfolio | 1.4m $370.2m | Added +18.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio | 1.4m $366.0m | Added +146.2k |
| UBS Group AG 0.06% of their portfolio | 1.3m $338.6m | Reduced -168.0k |
| AMERICAN CENTURY COMPANIES INC 0.16% of their portfolio | 1.2m $314.6m | Reduced -185.0k |
| Mirova US LLC 3.53% of their portfolio | 1.2m $311.2m | Reduced -267.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.25% of their portfolio | 1.2m $307.0m | Added +317.0k |
| BROWN ADVISORY INC 0.47% of their portfolio | 1.1m $288.5m | Reduced -419.0k |
| US BANCORP \DE\ 0.34% of their portfolio | 1.1m $283.2m | Added +3.2k |
| Allianz Asset Management GmbH 0.32% of their portfolio | 1.1m $280.2m | Reduced -177.1k |
| FIRST TRUST ADVISORS LP 0.19% of their portfolio | 1.0m $268.5m | Reduced -105.9k |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 998.0k $265.2m | Reduced -891.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 982.4k $261.3m | Added +104.5k |
| Corient Private Wealth LP 0.36% of their portfolio | 947.5k $251.6m | Reduced -1.1m |
| KING LUTHER CAPITAL MANAGEMENT CORP 1.05% of their portfolio | 914.7k $243.3m | Reduced -18.4k |
| Vontobel Holding Ltd. 0.81% of their portfolio | 880.5k $234.2m | Reduced -193.8k |
| BLAIR WILLIAM & CO/IL 0.66% of their portfolio | 866.4k $230.5m | Added +8.5k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 865.9k $229.9m | Reduced -60.4k |
| Impax Asset Management Group plc 1.59% of their portfolio | 859.3k $228.6m | Added +133.9k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 848.0k $222.5m | Reduced -81.6k |
| Sustainable Growth Advisers, LP 2.12% of their portfolio | 847.3k $225.4m | Added +202.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 838.0k $222.9m | Reduced -454.7k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 802.0k $210.5m | Reduced -68.9k |
| Man Group plc 0.42% of their portfolio | 763.9k $203.2m | Added +208.7k |
| National Pension Service 0.15% of their portfolio | 762.4k $202.8m | Reduced -25.9k |
| MAIRS & POWER INC 2.07% of their portfolio | 761.8k $202.7m | Reduced -8.8k |
| Swiss National Bank 0.11% of their portfolio | 748.1k $199.0m | Added +48.6k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.16% of their portfolio | 745.6k $198.3m | Unchanged |
| Williams Jones Wealth Management, LLC. 2.36% of their portfolio | 723.0k $192.3m | Reduced -3.6k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 717.1k $190.8m | Reduced -27.8k |
| BARCLAYS PLC 0.07% of their portfolio | 700.4k $186.3m | Added +157.7k |
| BAILLIE GIFFORD & CO 0.19% of their portfolio | 695.3k $185.0m | Added +4.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 670.8k $178.4m | Reduced -495.3k |
| ProShare Advisors LLC 0.25% of their portfolio | 631.6k $168.0m | Added +7.7k |
| Empower Advisory Group, LLC 0.43% of their portfolio | 623.7k $165.9m | Added +21.0k |
| Robeco Institutional Asset Management B.V. 0.24% of their portfolio | 621.2k $165.3m | Added +29.2k |
| Rathbones Group PLC 0.34% of their portfolio | 618.2k $164.5m | Added +8.3k |
| Qube Research & Technologies Ltd 0.23% of their portfolio | 595.4k $158.4m | Added +350.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 590.6k $157.1m | Added +38.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 572.0k $152.2m | Reduced -19.6k |
| Vanguard Global Advisers, LLC 0.08% of their portfolio | 555.4k $147.7m | First filing |
| California Public Employees Retirement System 0.09% of their portfolio | 547.4k $145.6m | Reduced -49.0k |
| KBC Group NV 0.36% of their portfolio | 532.2k $141.6m | Reduced -177.8k |
| Winslow Capital Management, LLC 0.55% of their portfolio | 528.6k $140.6m | Reduced -105.2k |
| DF DENT & CO INC 2.64% of their portfolio | 518.6k $138.0m | Reduced -191.3k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 495.9k $131.9m | Reduced -93.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 492.3k $131.0m | Reduced -8.2k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 491.6k $130.7m | Added +144.7k |
| Alecta Tjanstepension Omsesidigt 0.62% of their portfolio | 479.0k $127.4m | Unchanged |
| CONGRESS ASSET MANAGEMENT CO 0.90% of their portfolio | 474.4k $126.2m | Reduced -7.8k |
| Welch & Forbes LLC 1.62% of their portfolio | 470.4k $125.1m | Reduced -1.7k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 455.7k $121.2m | Reduced -6.0k |
| TRUIST FINANCIAL CORP 0.16% of their portfolio | 455.1k $121.1m | Added +5.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.25% of their portfolio | 436.7k $116.2m | Reduced -26.5k |
| PFA Pension, Forsikringsaktieselskab 0.34% of their portfolio | 428.5k $114.0m | Added +192 |
| Chevy Chase Trust Holdings, LLC 0.33% of their portfolio | 425.3k $113.1m | Added +23.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.09% of their portfolio | 405.3k $107.8m | First filing |
| NATIXIS ADVISORS, LLC 0.15% of their portfolio | 404.8k $107.7m | Added +7.1k |
| CANADA LIFE ASSURANCE Co 0.19% of their portfolio | 394.7k $105.3m | Added +23.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio | 386.6k $102.9m | Added +3.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 378.9k $100.8m | Reduced -104.0k |
| Aberdeen Group plc 0.16% of their portfolio | 375.5k $99.9m | Added +7.7k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 375.0k $99.8m | Added +122.5k |
| Liontrust Investment Partners LLP 1.69% of their portfolio | 372.8k $99.2m | Reduced -128.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 361.0k $95.9m | Added +205.2k |
| Quantinno Capital Management LP 0.16% of their portfolio | 360.3k $95.8m | Added +83.8k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 352.2k $93.7m | Reduced -913 |
| Baird Financial Group, Inc. 0.14% of their portfolio | 345.1k $91.8m | Added +36.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.16% of their portfolio | 342.2k $90.8m | Added +11.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 337.5k $89.8m | Reduced -2.3k |