0001749768-20-000001.txt : 20200213 0001749768-20-000001.hdr.sgml : 20200213 20200213113133 ACCESSION NUMBER: 0001749768-20-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200213 DATE AS OF CHANGE: 20200213 EFFECTIVENESS DATE: 20200213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Impax Asset Management Group plc CENTRAL INDEX KEY: 0001749768 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-18939 FILM NUMBER: 20608007 BUSINESS ADDRESS: STREET 1: 7TH FLOOR STREET 2: 30 PANTON STREET CITY: LONDON STATE: X0 ZIP: SW1Y 4AJ BUSINESS PHONE: 00442039123000 MAIL ADDRESS: STREET 1: 7TH FLOOR STREET 2: 30 PANTON STREET CITY: LONDON STATE: X0 ZIP: SW1Y 4AJ 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001749768 XXXXXXXX 12-31-2019 12-31-2019 Impax Asset Management Group plc

7TH FLOOR 30 PANTON STREET LONDON X0 SW1Y 4AJ

13F HOLDINGS REPORT 028-18939 N Rachel Steddon 00442039123027 Rachel Steddon London X0 02-13-2020 4 279 8964045 false 1 0001428948 Impax Asset Management LTD 2 0001634155 Impax Asset Management (AIFM) Ltd 3 0001127990 IMPAX ASSET MANAGEMENT LLC 4 0001616658 Pax Ellevate Management LLC INFORMATION TABLE 2 GroupSEC13F31122019.xml Abbott Laboratories Common Stock 002824100 3316 38179 SH DFND 04 38179 0 0 Accenture PLC Common Stock G1151C101 21505 102126 SH DFND 03, 04 102126 0 0 Advanced Drainage Systems Inc Common Stock 00790R104 115815 2993126 SH DFND 01, 02, 03 2419480 0 573646 AGCO Corp Common Stock 001084102 25297 327473 SH DFND 01 294323 0 33150 Agilent Technologies Inc Common Stock 00846U101 281983 3305387 SH DFND 01 2890439 0 414948 Alexion Pharmaceuticals Inc Common Stock 015351109 13099 121122 SH DFND 01, 03, 04 121122 0 0 Allegion PLC Common Stock G0176J109 322 2587 SH DFND 03, 04 2587 0 0 Alliant Energy Corp Common Stock 018802108 282 5160 SH DFND 04 5160 0 0 Allstate Corp/The Common Stock 020002101 817 7264 SH DFND 04 7264 0 0 Ally Financial Inc Common Stock 02005N100 265 8686 SH DFND 04 8686 0 0 Alnylam Pharmaceuticals Inc Common Stock 02043Q107 283 2459 SH DFND 04 2459 0 0 Alphabet Inc Common Stock 02079K107 20423 15275 SH DFND 03 15275 0 0 Alphabet Inc Common Stock 02079K305 20390 15223 SH DFND 03 15223 0 0 Altair Engineering Inc Common Stock 021369103 55407 1556078 SH DFND 01, 02 1242767 0 313311 Amazon.com Inc Common Stock 023135106 27222 14732 SH DFND 03 14732 0 0 AMC Networks Inc Common Stock 00164V103 3955 100139 SH DFND 03 100139 0 0 American Electric Power Co Inc Common Stock 025537101 1014 10732 SH DFND 04 10732 0 0 American International Group I Common Stock 026874784 14203 276702 SH DFND 03, 04 276702 0 0 American Water Works Co Inc Common Stock 030420103 296644 2419442 SH DFND 01, 02, 03, 04 2056582 0 362860 AmerisourceBergen Corp Common Stock 03073E105 291 3422 SH DFND 04 3422 0 0 ANSYS Inc Common Stock 03662Q105 63289 245870 SH DFND 01, 03, 04 173517 0 72353 Anthem Inc Common Stock 036752103 1690 5597 SH DFND 04 5597 0 0 AO Smith Corp Common Stock 831865209 201313 4235895 SH DFND 01, 02 3442164 0 793731 Aon PLC Common Stock G0408V102 1090 5234 SH DFND 04 5234 0 0 Apple Inc Common Stock 037833100 41110 139995 SH DFND 03 139995 0 0 Applied Materials Inc Common Stock 038222105 18058 295842 SH DFND 03 295842 0 0 Aptiv PLC Common Stock G6095L109 152855 1609507 SH DFND 01, 03 1256903 0 352604 Aqua America Inc Common Stock 03836W103 122388 2607319 SH DFND 01 2594662 0 12657 AT&T Inc Common Stock 00206R102 22148 566741 SH DFND 03 566741 0 0 Autodesk Inc Common Stock 052769106 114398 623559 SH DFND 01, 04 366785 0 256774 Badger Meter Inc Common Stock 056525108 96144 1486166 SH DFND 01, 02 1356234 0 129932 Bank of America Corp Common Stock 060505104 23682 672388 SH DFND 03, 04 672388 0 0 Beacon Roofing Supply Inc Common Stock 073685109 3844 120191 SH DFND 03 120191 0 0 Becton Dickinson and Co Common Stock 075887109 18839 69269 SH DFND 01, 03, 04 69269 0 0 Best Buy Co Inc Common Stock 086516101 10538 120018 SH DFND 03, 04 120018 0 0 Biogen Inc Common Stock 09062X103 8462 28518 SH DFND 03 28518 0 0 BlackRock Inc Common Stock 09247X101 13623 27100 SH DFND 03 27100 0 0 Bristol-Myers Squibb Co Common Stock 110122108 18492 288080 SH DFND 03 288080 0 0 Burlington Stores Inc Common Stock 122017106 341 1497 SH DFND 04 1497 0 0 Cadence Design Systems Inc Common Stock 127387108 21567 310946 SH DFND 01 310946 0 0 Callaway Golf Co Common Stock 131193104 5944 280400 SH DFND 03 280400 0 0 Camden Property Trust REIT 133131102 228 2149 SH DFND 04 2149 0 0 Capri Holdings Ltd Common Stock G1890L107 4300 112707 SH DFND 04 112707 0 0 Cardinal Health Inc Common Stock 14149Y108 1377 27233 SH DFND 04 27233 0 0 Carter's Inc Common Stock 146229109 6976 63804 SH DFND 03 63804 0 0 CatchMark Timber Trust Inc REIT 14912Y202 10738 936169 SH DFND 03 936169 0 0 CDW Corp/DE Common Stock 12514G108 456 3190 SH DFND 04 3190 0 0 CenterState Bank Corp Common Stock 15201P109 7327 293315 SH DFND 03 293315 0 0 CenturyLink Inc Common Stock 156700106 281 21258 SH DFND 04 21258 0 0 Cia de Saneamento Basico do Es ADR 20441A102 116269 7756603 SH DFND 01, 02 7142079 0 614524 Ciena Corp Common Stock 171779309 8714 204129 SH DFND 03 204129 0 0 Cigna Corp Common Stock 125523100 15683 76694 SH DFND 03 76694 0 0 Cisco Systems Inc Common Stock 17275R102 4443 92648 SH DFND 04 92648 0 0 Citigroup Inc Common Stock 172967424 3998 50041 SH DFND 04 50041 0 0 Citizens Financial Group Inc Common Stock 174610105 12551 309061 SH DFND 03 309061 0 0 Clarivate Analytics PLC Common Stock G21810109 4944 294275 SH DFND 03 294275 0 0 Clean Harbors Inc Common Stock 184496107 67002 790142 SH DFND 01, 02 572597 0 217545 Clorox Co/The Common Stock 189054109 425 2771 SH DFND 04 2771 0 0 CMS Energy Corp Common Stock 125896100 389 6193 SH DFND 04 6193 0 0 Coca-Cola Co/The Common Stock 191216100 5890 106422 SH DFND 04 106422 0 0 Coherus Biosciences Inc Common Stock 19249H103 9453 525000 SH DFND 03 525000 0 0 Columbia Sportswear Co Common Stock 198516106 6870 68565 SH DFND 03 68565 0 0 Comfort Systems USA Inc Common Stock 199908104 8386 168228 SH DFND 03 168228 0 0 Comtech Telecommunications Cor Common Stock 205826209 2288 64472 SH DFND 03 64472 0 0 Consolidated Edison Inc Common Stock 209115104 644 7121 SH DFND 04 7121 0 0 Crocs Inc Common Stock 227046109 4635 110656 SH DFND 03 110656 0 0 CubeSmart REIT 229663109 6296 200000 SH DFND 03 200000 0 0 Cummins Inc Common Stock 231021106 583 3257 SH DFND 04 3257 0 0 CVS Health Corp Common Stock 126650100 2090 28139 SH DFND 04 28139 0 0 Danaher Corp Common Stock 235851102 220697 1437954 SH DFND 01 1251190 0 186764 Darling Ingredients Inc Common Stock 237266101 123375 4418414 SH DFND 01, 02 3843088 0 575326 Delphi Technologies PLC Common Stock G2709G107 33221 2589306 SH DFND 01 1839875 0 749431 Discover Financial Services Common Stock 254709108 595 7014 SH DFND 04 7014 0 0 Dollar General Corp Common Stock 256677105 883 5663 SH DFND 04 5663 0 0 Donaldson Co Inc Common Stock 257651109 50139 880732 SH DFND 01, 02 634286 0 246446 Dover Corp Common Stock 260003108 406 3521 SH DFND 01 3521 0 0 Dow Inc Common Stock 260557103 890 16256 SH DFND 04 16256 0 0 Dunkin' Brands Group Inc Common Stock 265504100 5288 70000 SH DFND 03 70000 0 0 DuPont de Nemours Inc Common Stock 26614N102 6951 108266 SH DFND 03 108266 0 0 Eaton Corp PLC Common Stock G29183103 15692 165671 SH DFND 03 165671 0 0 eBay Inc Common Stock 278642103 650 18009 SH DFND 04 18009 0 0 Ecolab Inc Common Stock 278865100 223503 1158108 SH DFND 01, 03, 04 1002999 0 155109 Edison International Common Stock 281020107 585 7762 SH DFND 04 7762 0 0 Eli Lilly & Co Common Stock 532457108 2496 18994 SH DFND 04 18994 0 0 EMCOR Group Inc Common Stock 29084Q100 10356 120002 SH DFND 03 120002 0 0 Entergy Corp Common Stock 29364G103 495 4131 SH DFND 04 4131 0 0 Equinix Inc REIT 29444U700 91823 157312 SH DFND 01, 03 131555 0 25757 Equity LifeStyle Properties In REIT 29472R108 263 3743 SH DFND 04 3743 0 0 Estee Lauder Cos Inc/The Common Stock 518439104 10393 50321 SH DFND 04 50321 0 0 ETRADE Financial Corp Common Stock 269246401 245 5400 SH DFND 04 5400 0 0 Etsy Inc Common Stock 29786A106 1728 39000 SH DFND 03 39000 0 0 Everbridge Inc Common Stock 29978A104 2866 36709 SH DFND 03 36709 0 0 Evoqua Water Technologies Corp Common Stock 30057T105 4264 225000 SH DFND 03 225000 0 0 Fastly Inc Common Stock 31188V100 2709 135000 SH DFND 03 135000 0 0 Federal Signal Corp Common Stock 313855108 2594 80430 SH DFND 03 80430 0 0 First Republic Bank/CA Common Stock 33616C100 429 3650 SH DFND 04 3650 0 0 Flex Ltd Common Stock Y2573F102 7067 560000 SH DFND 03 560000 0 0 Flowserve Corp Common Stock 34354P105 81233 1632175 SH DFND 01 1624354 0 7821 FormFactor Inc Common Stock 346375108 849 32680 SH DFND 03 32680 0 0 Fortive Corp Common Stock 34959J108 24021 314458 SH DFND 01 189041 0 125417 Four Corners Property Trust In REIT 35086T109 11166 396100 SH DFND 03 396100 0 0 Franklin Electric Co Inc Common Stock 353514102 173614 3041639 SH DFND 01, 02 2742409 0 299230 Generac Holdings Inc Common Stock 368736104 101655 1019413 SH DFND 01, 02 839159 0 180254 General Mills Inc Common Stock 370334104 696 12989 SH DFND 04 12989 0 0 Gilead Sciences Inc Common Stock 375558103 1792 27582 SH DFND 04 27582 0 0 Globe Life Inc Common Stock 37959E902 248 2353 SH DFND 04 2353 0 0 Graphic Packaging Holding Co Common Stock 388689101 12904 775000 SH DFND 01 775000 0 0 Great Lakes Dredge & Dock Corp Common Stock 390607109 6055 534453 SH DFND 03 534453 0 0 Grifols SA ADR 398438408 16987 729375 SH DFND 01 729375 0 0 Hannon Armstrong Sustainable I REIT 41068X100 11034 342883 SH DFND 01 0 0 342883 Hartford Financial Services Gr Common Stock 416515104 480 7892 SH DFND 04 7892 0 0 Hasbro Inc Common Stock 418056107 277 2619 SH DFND 04 2619 0 0 HDFC Bank Ltd ADR 40415F101 32398 511251 SH DFND 01 511251 0 0 Healthcare Realty Trust Inc REIT 421946104 11203 335720 SH DFND 03 335720 0 0 Hershey Co/The Common Stock 427866108 6291 42805 SH DFND 04 42805 0 0 Hewlett Packard Enterprise Co Common Stock 42824C109 460 29028 SH DFND 04 29028 0 0 Hilton Worldwide Holdings Inc Common Stock 43300A203 668 6021 SH DFND 04 6021 0 0 Hollysys Automation Technologi Common Stock G45667105 25213 1547321 SH DFND 01, 02 1076955 0 470366 Hologic Inc Common Stock 436440101 305 5846 SH DFND 04 5846 0 0 HomeTrust Bancshares Inc Common Stock 437872104 24338 907136 SH DFND 03 907136 0 0 Horizon Therapeutics Plc Common Stock G46188101 2534 70000 SH DFND 03 70000 0 0 Host Hotels & Resorts Inc REIT 44107P104 299 16129 SH DFND 04 16129 0 0 HP Inc Common Stock 40434L105 671 32649 SH DFND 04 32649 0 0 Hubbell Inc Common Stock 443510607 77539 524552 SH DFND 01 368998 0 155554 Humana Inc Common Stock 444859102 9150 24964 SH DFND 03 24964 0 0 Huntington Bancshares Inc/OH Common Stock 446150104 342 22703 SH DFND 04 22703 0 0 IDEX Corp Common Stock 45167R104 262081 1523724 SH DFND 01 1349419 0 174305 IDEXX Laboratories Inc Common Stock 45168D104 571 2186 SH DFND 03, 04 2186 0 0 Infinera Corp Common Stock 45667G103 4429 557835 SH DFND 03 557835 0 0 Ingersoll-Rand PLC Common Stock G47791101 139995 1053224 SH DFND 01, 03, 04 793509 0 259715 Integra LifeSciences Holdings Common Stock 457985208 5245 90000 SH DFND 03 90000 0 0 Intercontinental Exchange Inc Common Stock 45866F104 1138 12293 SH DFND 04 12293 0 0 International Business Machine Common Stock 459200101 2579 19238 SH DFND 04 19238 0 0 Intuit Inc Common Stock 461202103 8941 34136 SH DFND 03, 04 34136 0 0 IPG Photonics Corp Common Stock 44980X109 17175 118515 SH DFND 01 118515 0 0 IQVIA Holdings Inc Common Stock 46266C105 41852 270870 SH DFND 01, 03 270870 0 0 iShares Core MSCI EAFE ETF ETP 46432F842 7859 120459 SH DFND 03, 04 120459 0 0 iShares Core S&P 500 ETF ETP 464287200 2061 6375 SH DFND 04 6375 0 0 iShares Core U.S. Aggregate Bo ETP 464287226 11035 98200 SH DFND 03 98200 0 0 iShares iBoxx $ Investment Gra ETP 464287242 10550 82450 SH DFND 03 82450 0 0 Itron Inc Common Stock 465741106 162048 1936558 SH DFND 01, 02 1610580 0 325978 JM Smucker Co/The Common Stock 832696405 725 6966 SH DFND 04 6966 0 0 Johnson & Johnson Common Stock 478160104 8383 57467 SH DFND 04 57467 0 0 Johnson Controls International Common Stock G51502105 3486 85632 SH DFND 01 21511 0 64121 Jones Lang LaSalle Inc Common Stock 48020Q107 204 1170 SH DFND 04 1170 0 0 JPMorgan Chase & Co Common Stock 46625H100 24509 175818 SH DFND 03 175818 0 0 Kellogg Co Common Stock 487836108 10106 146125 SH DFND 04 146125 0 0 KeyCorp Common Stock 493267108 443 21863 SH DFND 04 21863 0 0 Kimberly-Clark Corp Common Stock 494368103 1024 7447 SH DFND 04 7447 0 0 Knowles Corp Common Stock 49926D109 6345 300000 SH DFND 03 300000 0 0 Kroger Co/The Common Stock 501044101 509 17552 SH DFND 04 17552 0 0 Lennox International Inc Common Stock 526107107 54558 224901 SH DFND 01, 02 159290 0 65611 Ligand Pharmaceuticals Inc Common Stock 53220K504 8012 76829 SH DFND 03 76829 0 0 Lincoln National Corp Common Stock 534187109 262 4447 SH DFND 04 4447 0 0 Linde PLC Common Stock G5494J103 168509 791492 SH DFND 01 595799 0 195693 Lindsay Corp Common Stock 535555106 84306 878279 SH DFND 01 718013 0 160266 Lions Gate Entertainment Corp Common Stock 535919500 2979 300000 SH DFND 03 300000 0 0 Littelfuse Inc Common Stock 537008104 72166 379975 SH DFND 01, 02 240191 0 139784 Lowe's Cos Inc Common Stock 548661107 19614 163778 SH DFND 03, 04 163778 0 0 Lululemon Athletica Inc Common Stock 550021109 9793 42271 SH DFND 04 42271 0 0 Macy's Inc Common Stock 55616P104 1969 115848 SH DFND 04 115848 0 0 Marriott International Inc/MD Common Stock 571903202 943 6228 SH DFND 04 6228 0 0 MasTec Inc Common Stock 576323109 7802 121609 SH DFND 03 121609 0 0 Mastercard Inc Common Stock 57636Q104 26487 88708 SH DFND 01 88708 0 0 McCormick & Co Inc/MD Common Stock 579780206 451 2657 SH DFND 04 2657 0 0 McKesson Corp Common Stock 58155Q103 580 4190 SH DFND 04 4190 0 0 Medtronic PLC Common Stock G5960L103 15518 136785 SH DFND 03, 04 136785 0 0 Merck & Co Inc Common Stock 58933Y105 26645 292968 SH DFND 03 292968 0 0 Meridian Bancorp Inc Common Stock 58958U103 21281 1059307 SH DFND 03 1059307 0 0 MetLife Inc Common Stock 59156R108 894 17534 SH DFND 04 17534 0 0 Mettler-Toledo International I Common Stock 592688105 75285 94903 SH DFND 01 66887 0 28016 Microsoft Corp Common Stock 594918104 98062 621829 SH DFND 01, 03, 04 621829 0 0 Middlesex Water Co Common Stock 596680108 8356 131449 SH DFND 01 0 0 131449 Mondelez International Inc Common Stock 609207105 17907 325100 SH DFND 03 325100 0 0 Moody's Corp Common Stock 615369105 888 3742 SH DFND 04 3742 0 0 MRC Global Inc Common Stock 55345K103 8575 628702 SH DFND 03 628702 0 0 MSA Safety Inc Common Stock 553498106 2352 18615 SH DFND 03 18615 0 0 Mueller Water Products Inc Common Stock 624758108 128187 10700086 SH DFND 01 10647689 0 52397 Mylan NV Common Stock N59465109 226 11221 SH DFND 04 11221 0 0 National Vision Holdings Inc Common Stock 63845R107 5115 157724 SH DFND 03 157724 0 0 Natus Medical Inc Common Stock 639050103 19138 580122 SH DFND 03 580122 0 0 Netflix Inc Common Stock 64110L106 3079 9516 SH DFND 04 9516 0 0 Newmont Goldcorp Corp Common Stock 651639106 1259 28982 SH DFND 04 28982 0 0 NuVasive Inc Common Stock 670704105 4640 60000 SH DFND 03 60000 0 0 Okta Inc Common Stock 679295105 271 2353 SH DFND 04 2353 0 0 Omnicom Group Inc Common Stock 681919106 387 4781 SH DFND 04 4781 0 0 ONE Gas Inc Common Stock 68235P108 4370 46706 SH DFND 03 46706 0 0 ORBCOMM Inc Common Stock 68555P100 3566 847082 SH DFND 03 847082 0 0 Ormat Technologies Inc Common Stock 686688102 108268 1462045 SH DFND 01, 02 1053729 0 408316 PayPal Holdings Inc Common Stock 70450Y103 2613 24160 SH DFND 04 24160 0 0 Pentair PLC Common Stock G7S00T104 312113 6821557 SH DFND 01, 02, 04 5557190 0 1264367 PepsiCo Inc Common Stock 713448108 4154 30393 SH DFND 04 30393 0 0 Performance Food Group Co Common Stock 71377A103 6206 120559 SH DFND 03 120559 0 0 PerkinElmer Inc Common Stock 714046109 108340 1115762 SH DFND 01 1110371 0 5391 PNC Financial Services Group I Common Stock 693475105 1559 9767 SH DFND 04 9767 0 0 Pool Corp Common Stock 73278L105 77366 364281 SH DFND 01 362575 0 1706 PPG Industries Inc Common Stock 693506107 685 5132 SH DFND 04 5132 0 0 Principal Financial Group Inc Common Stock 74251V102 9536 173383 SH DFND 04 173383 0 0 Procter & Gamble Co/The Common Stock 742718109 33741 270146 SH DFND 03, 04 270146 0 0 Progressive Corp/The Common Stock 743315103 922 12735 SH DFND 04 12735 0 0 Prologis Inc REIT 74340W103 13683 153500 SH DFND 03 153500 0 0 Prudential Financial Inc Common Stock 744320102 8184 87300 SH DFND 03 87300 0 0 PTC Inc Common Stock 69370C100 153681 2062274 SH DFND 01, 02 1597887 0 464387 Quest Diagnostics Inc Common Stock 74834L100 7293 68295 SH DFND 04 68295 0 0 Rayonier Inc REIT 754907103 143812 4417893 SH DFND 01, 02 3793301 0 624592 RealPage Inc Common Stock 75606N109 4838 90000 SH DFND 03 90000 0 0 Reinsurance Group of America I Common Stock 759351604 234 1436 SH DFND 04 1436 0 0 Republic Services Inc Common Stock 760759100 4671 52112 SH DFND 01, 03, 04 8756 0 43356 Rexnord Corp Common Stock 76169B102 149622 4586817 SH DFND 01 4564531 0 22286 RLJ Lodging Trust CUM CONV PFD A 74965L200 2297 80000 SH DFND 03 80000 0 0 Rockwell Automation Inc Common Stock 773903109 47825 235976 SH DFND 01 165322 0 70654 Rubicon Project Inc/The Common Stock 78112V102 6120 750000 SH DFND 03 750000 0 0 S&P Global Inc Common Stock 78409V104 1455 5329 SH DFND 04 5329 0 0 salesforce.com Inc Common Stock 79466L302 21000 129118 SH DFND 03, 04 129118 0 0 ScanSource Inc Common Stock 806037107 2643 71528 SH DFND 03 71528 0 0 Sealed Air Corp Common Stock 81211K100 81434 2044538 SH DFND 01 1597485 0 447053 Sempra Energy Common Stock 816851109 3488 23026 SH DFND 04 23026 0 0 Sensata Technologies Holding P Common Stock G8060N102 78325 1467021 SH DFND 01, 02 1166468 0 300553 Simply Good Foods Co/The Common Stock 82900L102 809 28349 SH DFND 03 28349 0 0 Smartsheet Inc Common Stock 83200N103 2246 50000 SH DFND 03 50000 0 0 SolarEdge Technologies Inc Common Stock 83417M104 27761 293867 SH DFND 01, 02 212724 0 81143 Sonoco Products Co Common Stock 835495102 27897 452000 SH DFND 01 452000 0 0 Splunk Inc Common Stock 848637104 497 3316 SH DFND 04 3316 0 0 Sprouts Farmers Market Inc Common Stock 85208M102 28357 1465461 SH DFND 01 1465461 0 0 SPX FLOW Inc Common Stock 78469X107 94755 1938922 SH DFND 01 1929313 0 9609 Square Inc Common Stock 852234103 461 7367 SH DFND 04 7367 0 0 Starbucks Corp Common Stock 855244109 21364 242998 SH DFND 01, 03, 04 242998 0 0 State Street Corp Common Stock 857477103 641 8099 SH DFND 04 8099 0 0 Stryker Corp Common Stock 863667101 1548 7374 SH DFND 04 7374 0 0 Synchrony Financial Common Stock 87165B103 484 13441 SH DFND 04 13441 0 0 Taiwan Semiconductor Manufactu ADR 874039100 27846 479285 SH DFND 01 479285 0 0 Target Corp Common Stock 87612E906 18832 146886 SH DFND 03, 04 146886 0 0 TD Ameritrade Holding Corp Common Stock 87236Y108 298 5996 SH DFND 04 5996 0 0 TE Connectivity Ltd Common Stock H84989104 142227 1484009 SH DFND 01, 03 1136976 0 347033 TechTarget Inc Common Stock 87874R100 5408 207197 SH DFND 03 207197 0 0 Texas Instruments Inc Common Stock 882508104 9715 75727 SH DFND 03, 04 75727 0 0 Thermo Fisher Scientific Inc Common Stock 883556102 40365 124251 SH DFND 01, 03 124251 0 0 Thermon Group Holdings Inc Common Stock 88362T103 10310 384712 SH DFND 03 384712 0 0 Thor Industries Inc Common Stock 885160101 4829 65000 SH DFND 03 65000 0 0 Tiffany & Co Common Stock 886547108 3853 28826 SH DFND 04 28826 0 0 TJX Cos Inc/The Common Stock 872540109 1605 26285 SH DFND 04 26285 0 0 T-Mobile US Inc Common Stock 872590104 13543 172700 SH DFND 03 172700 0 0 Toro Co/The Common Stock 891092108 120163 1508258 SH DFND 01 1501238 0 7020 Trimble Inc Common Stock 896239100 304226 7313992 SH DFND 01, 02 6233703 0 1080289 Twilio Inc Common Stock 90138F102 242 2459 SH DFND 04 2459 0 0 Twitter Inc Common Stock 90184L102 508 15858 SH DFND 04 15858 0 0 Ulta Beauty Inc Common Stock 90384S303 10325 40786 SH DFND 04 40786 0 0 Unitil Corp Common Stock 913259107 7476 120929 SH DFND 03 120929 0 0 Univest Financial Corp Common Stock 915271100 8824 329507 SH DFND 03 329507 0 0 US Bancorp Common Stock 902973304 1946 32814 SH DFND 04 32814 0 0 Vail Resorts Inc Common Stock 91879Q109 228 950 SH DFND 04 950 0 0 Valmont Industries Inc Common Stock 920253101 128133 855477 SH DFND 01 851913 0 3564 Varian Medical Systems Inc Common Stock 92220P105 288 2027 SH DFND 04 2027 0 0 Verizon Communications Inc Common Stock 92343V104 5494 89477 SH DFND 04 89477 0 0 Verra Mobility Corp Common Stock 92511U102 5946 425000 SH DFND 03 425000 0 0 Vertex Pharmaceuticals Inc Common Stock 92532F100 9807 44791 SH DFND 03, 04 44791 0 0 ViacomCBS Inc Common Stock 92556H206 15862 377928 SH DFND 03, 04 377928 0 0 Victory Capital Holdings Inc Common Stock 92645B103 22034 1050736 SH DFND 03 1050736 0 0 Visa Inc Common Stock 92826C839 48910 260298 SH DFND 01, 03, 04 260298 0 0 Voya Financial Inc Common Stock 929089100 27391 449177 SH DFND 03, 04 449177 0 0 Vulcan Materials Co Common Stock 929160109 14082 97800 SH DFND 03 97800 0 0 Walgreens Boots Alliance Inc Common Stock 931427108 997 16911 SH DFND 04 16911 0 0 Walt Disney Co/The Common Stock 254687106 5699 39402 SH DFND 03, 04 39402 0 0 Waste Management Inc Common Stock 94106L109 150785 1323141 SH DFND 01, 03 970469 0 352672 Waters Corp Common Stock 941848103 109848 470137 SH DFND 01, 04 330542 0 139595 Watts Water Technologies Inc Common Stock 942749102 95026 955935 SH DFND 01, 02 775480 0 180455 Welbilt Inc Common Stock 949090104 175239 11270931 SH DFND 01, 02 8178754 0 3092177 Welltower Inc REIT 95040Q104 717 8769 SH DFND 04 8769 0 0 Western Union Co/The Common Stock 959802109 252 9408 SH DFND 04 9408 0 0 Westrock Co Common Stock 96145D105 142317 3316644 SH DFND 01 2277581 0 1039063 Weyerhaeuser Co REIT 962166104 487 16140 SH DFND 04 16140 0 0 White Mountains Insurance Grou Common Stock G9618E107 9075 8135 SH DFND 03 8135 0 0 Willis Towers Watson PLC Common Stock G96629103 566 2803 SH DFND 04 2803 0 0 Wright Medical Group NV Common Stock N96617118 9580 314300 SH DFND 03 314300 0 0 Wyndham Hotels & Resorts Inc Common Stock 98311A105 9972 158770 SH DFND 03 158770 0 0 Xilinx Inc Common Stock 983919101 7704 78800 SH DFND 03 78800 0 0 Xylem Inc/NY Common Stock 98419M100 359349 4569428 SH DFND 01, 02, 03 4000957 0 568471 Zoetis Inc Common Stock 98978V103 1373 10372 SH DFND 04 10372 0 0 Zuora Inc Common Stock 98983V106 3081 215000 SH DFND 03 215000 0 0