Impax Asset Management 13F, Q4 2024
Impax Asset Management · quarter ending 31 December 2024 · filed 4 February 2025 · SEC CIK 1749768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 312 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| Microsoft Corp | MSFT | $997.70M | 4.5% | -10% shares |
| Linde PLC | $940.85M | 4.3% | -5% shares | |
| NVIDIA Corp | NVDA | $714.31M | 3.2% | -3% shares |
| Xylem Inc/NY | XYL | $644.04M | 2.9% | +232% shares |
| American Water Works Co Inc | AWK | $576.33M | 2.6% | -18% shares |
| Pentair PLC | $508.43M | 2.3% | -34% shares | |
| RenaissanceRe Holdings Ltd | $466.97M | 2.1% | +11% shares | |
| TE Connectivity PLC | $452.02M | 2.0% | -9% shares | |
| Mastercard Inc | MA | $434.91M | 2.0% | -19% shares |
| Hubbell Inc | HUBB | $428.30M | 1.9% | -15% shares |
| Applied Materials Inc | AMAT | $424.99M | 1.9% | +3% shares |
| Veralto Corp | VLTO | $405.59M | 1.8% | unchanged |
| Boston Scientific Corp | BSX | $401.14M | 1.8% | -18% shares |
| Agilent Technologies Inc | A | $380.11M | 1.7% | +6% shares |
| IDEX Corp | IEX | $376.63M | 1.7% | -5% shares |
| Cadence Design Systems Inc | CDNS | $370.61M | 1.7% | -10% shares |
| Cintas Corp | CTAS | $338.79M | 1.5% | -24% shares |
| Oracle Corp | ORCL | $336.02M | 1.5% | -13% shares |
| Waste Management Inc | WM | $329.59M | 1.5% | -6% shares |
| Marsh & McLennan Cos Inc | MRSH | $328.25M | 1.5% | -14% shares |
| Thermo Fisher Scientific Inc | TMO | $323.64M | 1.5% | -11% shares |
| Visa Inc | V | $309.46M | 1.4% | -13% shares |
| Advanced Drainage Systems Inc | WMS | $291.72M | 1.3% | +35% shares |
| Aptiv PLC | $287.85M | 1.3% | new | |
| Analog Devices Inc | ADI | $278.93M | 1.3% | -14% shares |
What changed since Q3 2024
Against the Q3 2024 filing, Impax Asset Management opened 27 new positions, added to 80, trimmed 130, left 75 unchanged and exited 28. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 19 more
Exited
- Aptiv PLCwas $427.82M
- BDXwas $225.11M
- BMIwas $99.22M
- Stericycle Incwas $85.20M
- SONwas $30.24M
- BAXwas $26.90M
- DXCMwas $12.51M
- Tecnoglass Incwas $11.33M
and 20 more
Other quarters
Source: SEC Form 13F-HR, accession 0001749768-25-000039, filed by Impax Asset Management Group plc. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.