L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
41
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 30 listed it in both
Shares listed
30,259,480
combined, among listed positions
Reported value
$17.3bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -4,628,861.

Managers listing CAT in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

41 of 41 holders

ActionFiling
T. Rowe Price Associates Inc5,993,729$3.4bn0.37%Trimmed-818,80117 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)4,061,103$2.3bn0.12%Added+928,27817 Feb 2026 (the filing on sec.gov)
Capital World Investors4,009,003$2.3bn0.31%Trimmed-579,27811 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP3,859,902$2.2bn0.39%Trimmed-1,368,15617 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,031,666$1.7bn0.16%Added+68,77019 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors2,845,207$1.6bn0.30%Trimmed-1,450,16011 Feb 2026 (the filing on sec.gov)
MFS Investment Management1,835,924$1.1bn0.34%Added+5,51022 Jan 2026 (the filing on sec.gov)
AllianceBernstein LP883,063$506m0.16%Trimmed-42,06317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC850,225$487m0.36%Trimmed-8,25427 Oct 2026 (the filing on sec.gov)
Susquehanna International Group LLP331,651$190munder 0.1%Added+200,60717 Feb 2026 (the filing on sec.gov)
Markel Group Inc328,650$188m1.50%Held06 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC326,055$187munder 0.1%Trimmed-198,52817 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC286,509$164m0.09%Added+40,10917 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP227,060$130m0.25%Trimmed-298,24017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC206,178$118m0.15%Trimmed-141,71417 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP158,274$91m0.66%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC119,652$69munder 0.1%Trimmed-270,07812 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd115,926$66munder 0.1%Added+16917 Feb 2026 (the filing on sec.gov)
Millennium Management LLC98,905$57munder 0.1%Trimmed-304,83217 Feb 2026 (the filing on sec.gov)
Woodline Partners LP79,855$46m0.18%Added+17,94017 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP62,157$36m0.13%Newnew13 Feb 2026 (the filing on sec.gov)
Man Group PLC61,907$35m0.06%Trimmed-91,67517 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP61,500$35m0.12%Added+59,11213 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC57,891$33m0.13%Added+37,52313 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC54,535$31m0.10%Trimmed-10,32913 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
19 in Q3 2024 to 32 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CAT by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201311$2.8bnn.a.n.a.
Q3 201310$2.9bnn.a.n.a.
Q4 201316$4.4bnn.a.n.a.
Q1 201421$5.9bnn.a.n.a.
Q2 201417$7.0bnn.a.n.a.
Q3 201415$5.2bnn.a.n.a.
Q4 201423$4.6bnn.a.n.a.
Q1 201519$4.0bnn.a.n.a.
Q2 201515$4.9bnn.a.n.a.
Q3 201520$5.1bnn.a.n.a.
Q4 201521$5.8bnn.a.n.a.
Q1 201620$5.9bnn.a.n.a.
Q2 201618$6.4bnn.a.n.a.
Q3 201617$8.1bnn.a.n.a.
Q4 201615$8.4bnn.a.n.a.
Q1 201722$8.3bnn.a.n.a.
Q2 201724$9.2bnn.a.n.a.
Q3 201728$9.7bnn.a.n.a.
Q4 201725$11.1bnn.a.n.a.
Q1 201830$8.2bnn.a.n.a.
Q2 201830$7.1bnn.a.n.a.
Q3 201828$7.1bnn.a.n.a.
Q4 201823$4.9bnn.a.n.a.
Q1 201931$5.1bnn.a.n.a.
Q2 201923$3.9bnn.a.n.a.
Q3 201918$2.8bnn.a.n.a.
Q4 201919$4.0bnn.a.n.a.
Q1 202015$2.9bnn.a.n.a.
Q2 202022$3.6bnn.a.n.a.
Q3 202018$5.0bnn.a.n.a.
Q4 202027$8.6bnn.a.n.a.
Q1 202124$12.3bnn.a.n.a.
Q2 202133$10.0bnn.a.n.a.
Q3 202128$8.2bnn.a.n.a.
Q4 202129$8.4bnn.a.n.a.
Q1 202224$9.7bnn.a.n.a.
Q2 202226$8.4bnn.a.n.a.
Q3 202219$7.2bnn.a.n.a.
Q4 202228$11.8bnn.a.n.a.
Q1 202326$11.1bnn.a.n.a.
Q2 202328$11.6bnn.a.n.a.
Q3 202328$13.0bnn.a.n.a.
Q4 202321$13.3bn814
Q1 202420$15.5bn713
Q2 202424$11.7bn159
Q3 202419$12.6bn712
Q4 202420$11.4bn128
Q1 202526$7.3bn197
Q2 202528$8.4bn219
Q3 202531$16.6bn1715
Q4 202529$16.8bn1723
Q1 202628$18.9bn1724
Q2 202632$29.1bn1822

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

CAT and GE →CAT and LRCX →CAT and GEV →Choose a stock to compare with CAT →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own CAT, latest filings →Back to the 13F Explorer →