Impax Asset Management 13F, Q2 2025
Impax Asset Management · quarter ending 30 June 2025 · filed 8 August 2025 · SEC CIK 1749768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 280 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| Linde PLC | $890.08M | 5.1% | +6% shares | |
| Microsoft Corp | MSFT | $785.87M | 4.5% | -14% shares |
| Xylem Inc/NY | XYL | $709.18M | 4.1% | +14% shares |
| NVIDIA Corp | NVDA | $601.05M | 3.5% | -10% shares |
| Pentair PLC | $451.76M | 2.6% | -11% shares | |
| Hubbell Inc | HUBB | $409.36M | 2.4% | +10% shares |
| Veralto Corp | VLTO | $372.27M | 2.1% | -6% shares |
| Agilent Technologies Inc | A | $356.73M | 2.0% | +3% shares |
| Advanced Drainage Systems Inc | WMS | $348.71M | 2.0% | +5% shares |
| IDEX Corp | IEX | $345.25M | 2.0% | -2% shares |
| Synopsys Inc | SNPS | $315.66M | 1.8% | +28% shares |
| KLA Corp | KLAC | $308.26M | 1.8% | -12% shares |
| A O Smith Corp | AOS | $307.67M | 1.8% | -10% shares |
| RenaissanceRe Holdings Ltd | $295.49M | 1.7% | +11% shares | |
| eBay Inc | EBAY | $282.84M | 1.6% | +8% shares |
| TE Connectivity PLC | $278.69M | 1.6% | -15% shares | |
| Marvell Technology Inc | MRVL | $262.42M | 1.5% | -8% shares |
| Waste Management Inc | WM | $254.57M | 1.5% | -26% shares |
| Applied Materials Inc | AMAT | $244.40M | 1.4% | -16% shares |
| American Water Works Co Inc | AWK | $241.38M | 1.4% | -25% shares |
| Watts Water Technologies Inc | WTS | $215.12M | 1.2% | -21% shares |
| Oracle Corp | ORCL | $207.61M | 1.2% | -3% shares |
| Cintas Corp | CTAS | $201.71M | 1.2% | -5% shares |
| Mettler-Toledo International I | MTD | $201.38M | 1.2% | -11% shares |
| Cia de Saneamento Basico do Es | SBS | $200.08M | 1.1% | -16% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Impax Asset Management opened 35 new positions, added to 93, trimmed 100, left 52 unchanged and exited 50. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- CGNXwas $72.09M
- AZEK Co Inc/Thewas $66.44M
- CVSwas $25.68M
- SWKwas $23.25M
- COOwas $16.54M
- IPwas $13.83M
- KEYwas $13.40M
- NFLXwas $11.43M
and 42 more
Other quarters
Source: SEC Form 13F-HR, accession 0001749768-25-000049, 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.