The paper deals with Leibniz’s ontology and the metaphysics of the aggregate. Concerning the ontology of aggregates, the main aim is to provide a new argument in favor of the claim that an aggregate and its constituents have the same ontological import. This argument takes the form of a weakening of a principle known in the contemporary literature of mereology as ‘composition as identity’ (CAI). The paper shows that Leibniz’s nominalism toward aggregates is a direct consequence of two elements: the way in which he considers the relationship between aggregates and their constituents in his logical calculus; and his theory of identity (and more generally, equivalence relations) as providing us with the ground for substitution salva veritate. ...