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 ($532.3m this quarter). Holder counts are more reliable. Shares outstanding: 280.3m as of 2026-06-30, 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 ≈ $278.35. Options: 15 managers hold calls ($172.6m notional), 20 hold puts ($165.6m).
Trends to Q2 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 |
| Q2 2026 | 1,706 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 734 | 803 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $139.7m | $55.1m | 0.39 |
| Q4 2025 | $61.0m | $39.2m | 0.64 |
| Q1 2026 | $209.5m | $48.1m | 0.23 |
| Q2 2026 | $172.6m | $165.6m | 0.96 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.0m |
| CITADEL ADVISORS LLC | Added | +890.0k |
| Winslow Capital Management, LLC | Added | +729.6k |
| Balyasny Asset Management L.P. | Added | +701.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +668.4k |
| STATE STREET CORP | Added | +548.1k |
| Woodline Partners LP | Added | +368.6k |
| SEI INVESTMENTS CO | Added | +357.9k |
| SG Americas Securities, LLC | Added | +321.4k |
| Select Equity Group, L.P. | New | +276.0k |
Biggest sellers
| Capital World Investors | Reduced | -1.5m |
| Pictet Asset Management Holding SA | Reduced | -757.5k |
| Qube Research & Technologies Ltd | Sold out | -595.4k |
| FIRST TRUST ADVISORS LP | Reduced | -568.7k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -429.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -386.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -328.8k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -313.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -306.3k |
| Rathbones Group PLC | Reduced | -302.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $53.2m191.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $50.5m181.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $16.0m57.4k shares |
| IMC-Chicago, LLC | Added | $14.5m52.0k shares |
| CITADEL ADVISORS LLC | Reduced | $12.4m44.6k shares |
| Allianz Asset Management GmbH | Added | $7.0m25.0k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m23.9k shares |
| GROUP ONE TRADING LLC | Added | $3.1m11.3k shares |
| Walleye Trading LLC | Reduced | $2.8m10.2k shares |
| Twin Tree Management, LP | Added | $2.7m9.8k shares |
Biggest puts
| Oribel Capital Management, LP | New | $44.5m159.6k shares |
| CITADEL ADVISORS LLC | Added | $31.8m114.2k shares |
| JANE STREET GROUP, LLC | Added | $23.2m83.1k shares |
| IMC-Chicago, LLC | Added | $17.2m61.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.9m42.7k shares |
| Allianz Asset Management GmbH | Added | $8.3m29.8k shares |
| Twin Tree Management, LP | Added | $6.5m23.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $4.6m16.4k shares |
| Walleye Trading LLC | Added | $3.6m13.1k shares |
| PEAK6 LLC | Reduced | $3.6m13.0k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 3 | $2.7m | 2 | $2.9m | — |
| Q3 2026 | 1 | $1.0m | 3 | $7.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | Green Eric Mark Director | Bought | $1.0m3.7k shares |
| 2026-08-18 | Beck Christophe CHAIRMAN, PRESIDENT & CEO, director | Sold | $5.0m17.9k shares |
| 2026-08-11 | Cook Gregory B Co-COO - Global Businesses | Sold | $1.3m4.6k shares |
| 2026-07-30 | Kirkland Scott D CHIEF FINANCIAL OFFICER | Sold | $929.8k3.4k shares |
| 2026-06-11 | Clark Benjamin M. EVP - Global Supply Chain | Bought | $263.8k1.0k shares |
| 2026-06-10 | Doukeris Michel D Director | Bought | $2.0m7.8k shares |
| 2026-06-09 | Brown Darrell R Co-COO - Global Markets | Sold | $2.6m10.0k shares |
| 2026-05-27 | Vautrinot Suzanne M Director | Sold | $266.0k1.0k shares |
| 2026-05-13 | MacLennan David Director | Bought | $250.7k1.0k shares |
| 2026-05-04 | MacLennan David Director | Bought | $205.5k800 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.10% of their portfolio | 23.1m $6.4bn | Added +244.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 16.5m $4.6bn | Added +14.7k |
| JPMORGAN CHASE & CO 0.24% of their portfolio | 14.6m $4.1bn | Added +3.0m |
| STATE STREET CORP 0.10% of their portfolio | 11.8m $3.3bn | Added +548.1k |
| MORGAN STANLEY 0.12% of their portfolio | 7.8m $2.2bn | Added +36.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 6.3m $1.8bn | Reduced -18.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 6.0m $1.7bn | Added +5.5k |
| GATES FOUNDATION TRUST 4.22% of their portfolio | 5.2m $1.5bn | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio | 3.6m $1.0bn | Added +51.7k |
| ROYAL BANK OF CANADA 0.17% of their portfolio | 3.6m $1.0bn | Added +114.7k |
| Aristotle Capital Management, LLC 2.06% of their portfolio | 3.5m $979.8m | Reduced -191.7k |
| NORGES BANK 0.09% of their portfolio | 3.4m $933.6m | Not comparable |
| Capital Research Global Investors 0.11% of their portfolio | 2.9m $797.8m | Reduced -209.1k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 2.7m $760.6m | Reduced -50.5k |
| Invesco Ltd. 0.06% of their portfolio | 2.7m $755.4m | Added +109.6k |
| FRANKLIN RESOURCES INC 0.15% of their portfolio | 2.5m $699.4m | Added +733 |
| Pictet Asset Management Holding SA 0.67% of their portfolio | 2.5m $697.0m | Reduced -757.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.28% of their portfolio | 2.3m $639.0m | Added +49.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 2.2m $626.8m | Added +668.4k |
| Amundi 0.14% of their portfolio | 2.1m $598.5m | Reduced -263.6k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 2.1m $578.9m | Added +110.6k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.9m $541.8m | Reduced -64.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.41% of their portfolio | 1.8m $499.3m | Added +33.4k |
| Legal & General Group Plc 0.10% of their portfolio | 1.8m $495.1m | Reduced -163.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.37% of their portfolio | 1.7m $475.5m | Reduced -91.3k |
| Swedbank AB 0.40% of their portfolio | 1.7m $461.8m | Reduced -61.4k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 1.7m $461.6m | Added +35.6k |
| FMR LLC 0.02% of their portfolio | 1.5m $425.2m | Reduced -274.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.5m $413.4m | Reduced -32.1k |
| VANGUARD FIDUCIARY TRUST CO 0.09% of their portfolio | 1.4m $396.0m | Reduced -20.1k |
| Nuveen, LLC 0.09% of their portfolio | 1.4m $392.2m | Added +16.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 1.3m $363.0m | Reduced -73.0k |
| Winslow Capital Management, LLC 1.21% of their portfolio | 1.3m $350.6m | Added +729.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.2m $333.8m | Added +215.9k |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 1.2m $324.2m | Added +165.7k |
| Mirova US LLC 3.34% of their portfolio | 1.1m $310.4m | Reduced -56.1k |
| CITADEL ADVISORS LLC 0.17% of their portfolio | 1.1m $294.4m | Added +890.0k |
| Allianz Asset Management GmbH 0.29% of their portfolio | 1.0m $278.1m | Reduced -8.1k |
| US BANCORP \DE\ 0.31% of their portfolio | 1.0m $287.4m | Reduced -33.3k |
| Impax Asset Management Group plc 1.79% of their portfolio | 988.4k $275.4m | Added +129.1k |
| UBS Group AG 0.04% of their portfolio | 980.2k $273.1m | Reduced -292.5k |
| Sustainable Growth Advisers, LP 2.54% of their portfolio | 927.8k $258.5m | Added +80.5k |
| Jupiter Topco LLC 0.10% of their portfolio | 903.5k $251.7m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 900.8k $239.6m | Added +98.8k |
| BROWN ADVISORY INC 0.38% of their portfolio | 891.1k $248.3m | Reduced -193.5k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 880.4k $245.4m | Added +14.5k |
| KING LUTHER CAPITAL MANAGEMENT CORP 1.00% of their portfolio | 876.0k $244.1m | Reduced -38.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.17% of their portfolio | 863.4k $240.6m | Reduced -306.3k |
| BLAIR WILLIAM & CO/IL 0.62% of their portfolio | 854.3k $238.0m | Reduced -12.1k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 853.8k $237.9m | Reduced -328.8k |
| Corient Private Wealth LP 0.33% of their portfolio | 850.1k $236.8m | Reduced -97.5k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 821.0k $228.7m | Added +103.9k |
| Balyasny Asset Management L.P. 0.41% of their portfolio | 810.1k $225.7m | Added +701.6k |
| MAIRS & POWER INC 1.99% of their portfolio | 777.5k $216.6m | Added +15.7k |
| National Pension Service 0.14% of their portfolio | 768.3k $214.0m | Added +5.8k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.14% of their portfolio | 745.6k $207.7m | Unchanged |
| BAILLIE GIFFORD & CO 0.19% of their portfolio | 734.2k $204.6m | Added +38.9k |
| Williams Jones Wealth Management, LLC. 2.27% of their portfolio | 723.4k $201.5m | Added +380 |
| Swiss National Bank 0.10% of their portfolio | 716.9k $199.7m | Reduced -31.2k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 710.1k $197.9m | Added +357.9k |
| ProShare Advisors LLC 0.26% of their portfolio | 637.0k $177.5m | Added +5.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.10% of their portfolio | 630.1k $175.6m | Added +39.5k |
| Vontobel Holding Ltd. 0.58% of their portfolio | 623.0k $173.6m | Reduced -257.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 614.3k $171.2m | Reduced -56.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 563.3k $156.9m | Reduced -8.8k |
| Vanguard Global Advisers, LLC 0.07% of their portfolio | 544.4k $151.7m | Reduced -11.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 525.5k $146.0m | Added +164.5k |
| Man Group plc 0.26% of their portfolio | 514.9k $143.5m | Reduced -249.0k |
| Empower Advisory Group, LLC 0.33% of their portfolio | 502.7k $140.1m | Reduced -121.0k |
| KBC Group NV 0.29% of their portfolio | 483.4k $134.7m | Reduced -48.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 470.2k $131.0m | Added +147.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 470.1k $131.0m | Added +91.3k |
| Welch & Forbes LLC 1.59% of their portfolio | 468.7k $130.6m | Reduced -1.7k |
| DF DENT & CO INC 2.47% of their portfolio | 467.8k $130.3m | Reduced -50.9k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 467.6k $130.3m | Reduced -24.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 464.0k $129.3m | Reduced -28.3k |
| TRUIST FINANCIAL CORP 0.15% of their portfolio | 461.0k $128.4m | Added +5.9k |
| CONGRESS ASSET MANAGEMENT CO 0.78% of their portfolio | 455.0k $126.8m | Reduced -19.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.09% of their portfolio | 452.2k $126.0m | Added +46.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 452.0k $125.9m | Reduced -386.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.24% of their portfolio | 451.2k $125.7m | Added +14.5k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 450.7k $125.6m | Reduced -45.2k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 445.8k $124.2m | Reduced -9.9k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 440.7k $122.8m | Reduced -568.7k |
| SG Americas Securities, LLC 0.07% of their portfolio | 436.2k $121.5m | Added +321.4k |
| PFA Pension, Forsikringsaktieselskab 0.30% of their portfolio | 425.2k $118.5m | Reduced -3.3k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 418.4k $116.2m | Reduced -429.6k |
| Findlay Park Partners LLP 1.56% of their portfolio | 415.2k $115.7m | Added +159.6k |
| Baird Financial Group, Inc. 0.16% of their portfolio | 410.1k $114.3m | Added +65.0k |
| BARCLAYS PLC 0.04% of their portfolio | 400.9k $111.7m | Reduced -299.4k |
| NATIXIS ADVISORS, LLC 0.12% of their portfolio | 393.4k $109.6m | Reduced -11.4k |
| Woodline Partners LP 0.34% of their portfolio | 392.6k $109.4m | Added +368.6k |
| California Public Employees Retirement System 0.06% of their portfolio | 382.7k $106.6m | Reduced -164.6k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 381.4k $106.3m | Added +6.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 374.8k $104.4m | Reduced -11.8k |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 371.6k $103.3m | Reduced -23.1k |
| Alecta Tjanstepension Omsesidigt 0.42% of their portfolio | 360.3k $100.3m | Reduced -118.7k |
| Aberdeen Group plc 0.14% of their portfolio | 348.7k $97.2m | Reduced -26.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio | 347.3k $96.8m | Added +21.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.15% of their portfolio | 346.3k $96.1m | Added +4.0k |