Industrials and automation
An L3VLUP-defined theme, not a standard classification
Definition
Machinery, electrical equipment, industrial controls and instruments, and the robots and design software that automate factories and buildings.
This is our own definition. It takes SIC 3530 to 3569, 3580 to 3629, 3820 to 3825, 3829, plus these named companies: ADSK, HON, PTC, ROP, SYM, ZBRA. A stock may sit in several themes.
Q2 2026 against Q1 2026
- Reported value
- $612bn
- +$132bn on the quarter before
- Managers listing any
- 83
- +5 on the quarter before
- Stocks listed
- 136
- +3 on the quarter before
- Buyers
- 2,056
- manager-stock pairs opening or adding
- Sellers
- 1,968
- manager-stock pairs trimming or exiting
value over 8 quartersNet buying actions by quarter: +45 · +133 · +229 · +250 · +124 · +177 · +190 · +88
See it in the heatmap, ranked by breadth →
Managers listing any counts distinct comparable managers. Buyers and sellers count actions by comparable managers, once for each stock a manager moved in. Value moves with prices as well as with buying.
Largest stocks (137 in all)
By combined reported value at Q2 2026. Holders are at least counts, among listed positions.
| Stock | Holders | Value | Buyers | Sellers | Holders, 8 quarters |
|---|---|---|---|---|---|
| GEGe Aerospace | 43 | $77.4bn | 17 | 29 | |
| LRCXLam Research Corp | 51 | $74.0bn | 24 | 30 | |
| GEVGe Vernova Inc | 40 | $45.5bn | 13 | 33 | |
| ASMLAsml HLDG NV | 45 | $43.3bn | 22 | 27 | |
| CATCaterpillar Inc | 38 | $29.4bn | 18 | 22 | |
| TMOThermo Fisher Scientific Inc | 48 | $26.7bn | 27 | 22 | |
| DHRDanaher Corp Del | 47 | $21.1bn | 27 | 22 | |
| ETNEaton Corp PLC | 29 | $18.7bn | 15 | 17 | |
| JCIJohnson Controls Internation | 39 | $17.5bn | 20 | 21 | |
| CARRCarrier Global Corporation | 32 | $13.9bn | 15 | 19 | |
| TTTrane Technologies PLC | 36 | $13.7bn | 18 | 19 | |
| BKRBaker Hughes Company | 37 | $11.0bn | 19 | 22 | |
| TERTeradyne Inc | 36 | $10.7bn | 11 | 30 | |
| KEYSKeysight Technologies Inc | 34 | $10.0bn | 22 | 13 | |
| IRIngersoll Rand Inc | 33 | $9.8bn | 20 | 15 | |
| BEBloom Energy Corp | 46 | $9.6bn | 24 | 23 | |
| MKSIMKS Instruments Inc | 42 | $8.7bn | 18 | 27 | |
| ROPRoper Technologies Inc | 33 | $8.0bn | 15 | 19 | |
| AMEAmetek Inc | 40 | $7.7bn | 20 | 22 | |
| HONHoneywell Intl Inc | 33 | $7.5bn | 8 | 31 | |
| FTITechnipfmc PLC | 34 | $6.8bn | 15 | 24 | |
| FTVFortive Corp | 31 | $6.7bn | 20 | 13 | |
| EMREmerson Elec Co | 29 | $5.5bn | 14 | 19 | |
| ITWIllinois Tool WKS Inc | 33 | $5.3bn | 15 | 20 | |
| RBCRBC Bearings Inc | 35 | $5.1bn | 25 | 11 |
Managers holding its largest names
Across the 15 largest stocks above at Q2 2026: how many of them each manager lists, and their combined value. A manager can hold others below its listed range.
- Fidelity (FMR LLC)14 of 15 · $95.6bn
- Invesco Ltd14 of 15 · $51.7bn
- T. Rowe Price Associates Inc15 of 15 · $46.0bn
- Capital World Investors12 of 15 · $34.1bn
- Capital Research Global Investors12 of 15 · $30.9bn
- TCI Fund Management Ltd1 of 15 · $17.7bn
- Wellington Management Group LLP11 of 15 · $15.5bn
- Dodge & Cox8 of 15 · $14.1bn
- Janus Henderson Group Ltd12 of 15 · $14.1bn
- MFS Investment Management11 of 15 · $11.4bn
- Arrowstreet Capital LP7 of 15 · $11.3bn
- Coatue Management LLC4 of 15 · $9.8bn
- AllianceBernstein LP13 of 15 · $8.7bn
- AQR Capital Management LLC10 of 15 · $8.5bn
- Neuberger Berman Group LLC11 of 15 · $6.3bn
- Acadian Asset Management LLC9 of 15 · $3.1bn
- Artisan Partners LP11 of 15 · $2.5bn
- Tiger Global Management LLC3 of 15 · $2.4bn
- Citadel Advisors LLC5 of 15 · $2.0bn
- Jane Street Group LLC6 of 15 · $1.9bn