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

Institutional Holders (2014Q4)
Portfolio Summary: 825 Institutional holders with a total value of $23,871,932,430.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 VANGUARD GROUP INC 17,113,538 1,788,707,000 7.49%
2 FMR LLC 12,859,087 1,344,032,000 5.63%
3 STATE STREET CORP 12,625,972 1,319,667,000 5.53%
4 EAGLE CAPITAL MANAGEMENT LLC 9,873,921 1,032,022,000 4.32%
5 PRICE T ROWE ASSOCIATES INC /MD/ 9,616,236 1,005,089,000 4.21%
6 BlackRock Institutional Trust Company, N.A. 7,198,467 752,384,000 3.15%
7 BROWN ADVISORY INC 5,391,047 563,473,000 2.36%
8 WELLINGTON MANAGEMENT GROUP LLP 4,884,379 510,515,000 2.14%
9 DAVIS SELECTED ADVISERS 4,374,165 457,188,000 1.92%
10 GATES FOUNDATION TRUST 4,366,425 456,379,000 1.91%
11 BlackRock Fund Advisors 3,642,273 380,690,000 1.59%
12 NORTHERN TRUST CORP 3,547,612 370,796,000 1.55%
13 FRANKLIN RESOURCES INC 3,050,964 318,887,000 1.34%
14 CANTILLON CAPITAL MANAGEMENT LLC 3,043,665 318,124,000 1.33%
15 JPMORGAN CHASE & CO 3,007,602 314,353,000 1.32%
16 Winslow Capital Management, LLC 2,985,778 312,073,000 1.31%
17 Bank of New York Mellon Corp 2,726,823 285,006,000 1.19%
18 BANK OF AMERICA CORP /DE/ 2,644,190 276,372,000 1.16%
19 EDGEWOOD MANAGEMENT LLC 2,599,520 271,702,000 1.14%
20 JENSEN INVESTMENT MANAGEMENT INC 2,587,231 270,417,000 1.13%
21 JANUS HENDERSON INVESTORS US LLC 2,517,532 263,132,000 1.10%
22 MAIRS & POWER INC 2,431,457 254,136,000 1.06%
23 WELLS FARGO & COMPANY/MN 2,302,503 240,658,000 1.01%
24 Clearbridge Investments, LLC 2,281,435 238,456,000 1.00%
25 NORGES BANK 2,124,490 222,052,000 0.93%
26 BlackRock Group LTD 2,070,621 216,422,000 0.91%
27 DEUTSCHE BANK AG\ 2,057,405 215,033,000 0.90%
28 GEODE CAPITAL MANAGEMENT, LLC 1,944,142 202,927,000 0.85%
29 AMUNDI ASSET MANAGEMENT US, INC. 1,914,763 200,131,000 0.84%
30 ALLIANCEBERNSTEIN L.P. 1,825,382 190,789,000 0.80%
31 Sarasin & Partners LLP 1,645,571 171,995,000 0.72%
32 ADAGE CAPITAL PARTNERS GP, L.L.C. 1,645,547 171,993,000 0.72%
33 TimesSquare Capital Management, LLC 1,524,613 159,353,000 0.67%
34 Aristotle Capital Management, LLC 1,410,651 147,441,000 0.62%
35 MORGAN STANLEY 1,394,769 145,783,000 0.61%
36 Invesco Ltd. 1,385,239 144,785,000 0.61%
37 US BANCORP \DE\ 1,223,633 127,894,000 0.54%
38 Alecta Tjanstepension Omsesidigt 1,166,000 122,815,000 0.51%
39 PICTET ASSET MANAGEMENT LTD 1,146,910 119,875,000 0.50%
40 ROYAL LONDON ASSET MANAGEMENT LTD 112,512 118,520,000 0.50%
41 Legal & General Group Plc 1,122,775 117,379,000 0.49%
42 DF DENT & CO INC 1,115,549 116,597,000 0.49%
43 DIVIDEND ASSETS CAPITAL, LLC 1,103,715 115,360,000 0.48%
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 1,085,437 113,449,000 0.48%
45 GOLDMAN SACHS GROUP INC 1,083,919 113,291,000 0.47%
46 Sustainable Growth Advisers, LP 1,058,824 110,668,000 0.46%
47 UBS Group AG 1,011,207 105,691,000 0.44%
48 VICTORY CAPITAL MANAGEMENT INC 1,004,767 105,018,000 0.44%
49 PRINCIPAL FINANCIAL GROUP INC 932,001 97,413,000 0.41%
50 TIAA CREF INVESTMENT MANAGEMENT LLC 922,862 96,458,000 0.40%
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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.