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ECOLAB INC
ECOLAB INC. Institutional holdings reported to the SEC.

Institutional Holders (2014Q3)
Portfolio Summary: 765 Institutional holders with a total value of $26,045,156,720.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 PRICE T ROWE ASSOCIATES INC /MD/ 20,315,628 2,332,844,000 8.96%
2 VANGUARD GROUP INC 16,673,004 1,914,562,000 7.35%
3 STATE STREET CORP 12,973,192 1,489,703,000 5.72%
4 FMR LLC 10,877,675 1,249,083,000 4.80%
5 EAGLE CAPITAL MANAGEMENT LLC 9,920,065 1,139,121,000 4.37%
6 BlackRock Institutional Trust Company, N.A. 7,076,951 812,646,000 3.12%
7 BROWN ADVISORY INC 5,627,699 646,229,000 2.48%
8 WELLINGTON MANAGEMENT GROUP LLP 4,991,400 573,163,000 2.20%
9 GATES FOUNDATION TRUST 4,366,425 501,397,000 1.93%
10 DAVIS SELECTED ADVISERS 4,262,109 489,457,000 1.88%
11 NORTHERN TRUST CORP 3,558,448 408,616,000 1.57%
12 BlackRock Fund Advisors 3,364,805 386,381,000 1.48%
13 JPMORGAN CHASE & CO 3,333,747 382,816,000 1.47%
14 Winslow Capital Management, LLC 3,176,298 364,733,000 1.40%
15 FRANKLIN RESOURCES INC 2,785,274 319,833,000 1.23%
16 Bank of New York Mellon Corp 2,724,319 312,832,000 1.20%
17 BANK OF AMERICA CORP /DE/ 2,537,887 291,426,000 1.12%
18 CANTILLON CAPITAL MANAGEMENT LLC 2,513,945 288,677,000 1.11%
19 EDGEWOOD MANAGEMENT LLC 2,482,379 285,052,000 1.09%
20 MAIRS & POWER INC 2,253,374 258,755,000 0.99%
21 JANUS HENDERSON INVESTORS US LLC 2,241,532 257,395,000 0.99%
22 NORGES BANK 2,213,638 254,192,000 0.98%
23 AMUNDI ASSET MANAGEMENT US, INC. 2,096,425 240,732,000 0.92%
24 WELLS FARGO & COMPANY/MN 2,083,972 239,301,000 0.92%
25 JENSEN INVESTMENT MANAGEMENT INC 2,078,581 238,683,000 0.92%
26 DEUTSCHE BANK AG\ 2,034,478 233,610,000 0.90%
27 BlackRock Group LTD 1,991,061 228,634,000 0.88%
28 GEODE CAPITAL MANAGEMENT, LLC 1,873,024 214,790,000 0.82%
29 Clearbridge Investments, LLC 1,800,331 206,732,000 0.79%
30 ALLIANCEBERNSTEIN L.P. 1,768,795 203,110,000 0.78%
31 Aristotle Capital Management, LLC 1,768,554 203,083,000 0.78%
32 Sarasin & Partners LLP 1,751,751 201,154,000 0.77%
33 TimesSquare Capital Management, LLC 1,658,091 190,399,000 0.73%
34 Invesco Ltd. 1,278,408 146,799,000 0.56%
35 US BANCORP \DE\ 1,239,026 142,277,000 0.55%
36 PICTET ASSET MANAGEMENT LTD 1,226,693 140,861,000 0.54%
37 Legal & General Group Plc 1,159,402 133,162,000 0.51%
38 BLAIR WILLIAM & CO/IL 1,151,691 132,248,000 0.51%
39 Sustainable Growth Advisers, LP 1,115,220 128,061,000 0.49%
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 1,072,361 123,139,000 0.47%
41 MUNDER CAPITAL MANAGEMENT 1,062,576 122,016,000 0.47%
42 DF DENT & CO INC 1,031,000 118,390,000 0.45%
43 TIAA CREF INVESTMENT MANAGEMENT LLC 1,004,018 115,291,000 0.44%
44 MORGAN STANLEY 946,009 108,632,000 0.42%
45 NEW YORK STATE COMMON RETIREMENT FUND 939,943 107,934,000 0.41%
46 PRINCIPAL FINANCIAL GROUP INC 860,672 98,831,000 0.38%
47 EATON VANCE MANAGEMENT 850,456 97,658,000 0.37%
48 DIVIDEND ASSETS CAPITAL, LLC 839,540 96,404,000 0.37%
49 MCDONALD CAPITAL INVESTORS INC/CA 831,698 95,504,000 0.37%
50 UBS AG 823,120 94,520,000 0.36%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.