Impax Asset Management 13F, Q1 2025
Impax Asset Management · quarter ending 31 March 2025 · filed 29 April 2025 · SEC CIK 1749768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 295 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| Linde PLC | $834.35M | 5.0% | -20% shares | |
| Microsoft Corp | MSFT | $691.74M | 4.2% | -22% shares |
| Xylem Inc/NY | XYL | $576.17M | 3.5% | -13% shares |
| NVIDIA Corp | NVDA | $456.43M | 2.8% | -21% shares |
| Pentair PLC | $433.82M | 2.6% | unchanged | |
| Veralto Corp | VLTO | $381.69M | 2.3% | unchanged |
| IDEX Corp | IEX | $363.16M | 2.2% | +12% shares |
| Waste Management Inc | WM | $349.75M | 2.1% | -8% shares |
| Agilent Technologies Inc | A | $342.96M | 2.1% | +4% shares |
| American Water Works Co Inc | AWK | $340.71M | 2.0% | -50% shares |
| A O Smith Corp | AOS | $339.12M | 2.0% | +67% shares |
| Advanced Drainage Systems Inc | WMS | $314.70M | 1.9% | +15% shares |
| Hubbell Inc | HUBB | $303.40M | 1.8% | -10% shares |
| TE Connectivity PLC | $273.75M | 1.6% | -39% shares | |
| KLA Corp | KLAC | $264.34M | 1.6% | +53% shares |
| RenaissanceRe Holdings Ltd | $262.54M | 1.6% | -42% shares | |
| eBay Inc | EBAY | $239.04M | 1.4% | +2537% shares |
| Applied Materials Inc | AMAT | $230.95M | 1.4% | -39% shares |
| Marvell Technology Inc | MRVL | $227.03M | 1.4% | +748% shares |
| Mettler-Toledo International I | MTD | $226.11M | 1.4% | -4% shares |
| Watts Water Technologies Inc | WTS | $225.55M | 1.4% | -12% shares |
| Synopsys Inc | SNPS | $207.23M | 1.3% | unchanged |
| Carrier Global Corp | CARR | $207.00M | 1.3% | -7% shares |
| Texas Instruments Inc | TXN | $201.93M | 1.2% | -3% shares |
| Aptiv PLC | $196.89M | 1.2% | -30% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Impax Asset Management opened 19 new positions, added to 106, trimmed 121, left 49 unchanged and exited 36. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- APH$127.98M
- AAON$36.22M
- UBER$14.80M
- IP$13.83M
- Pinnacle Financial Partners In$7.42M
- LYFT$7.12M
- RIVN$5.60M
- MOD$4.61M
and 11 more
Exited
- STERIS PLCwas $194.75M
- Altair Engineering Incwas $129.53M
- UPSwas $38.81M
- TGTwas $36.68M
- LOWwas $36.09M
- DELLwas $35.48M
- Chubb Ltdwas $29.93M
- HLTwas $29.44M
and 28 more
Other quarters
Source: SEC Form 13F-HR, accession 0001749768-25-000042, 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.