Which funds own CAT
Caterpillar Inc in the Q2 2026 filings. 22 of the 94 managers on file reported a position, worth $28.2bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. The quarter went the other way: 14 managers trimmed or sold out against 9 buying.
- Managers holding
- 22
- of 94 on file
- Combined value
- $28.2bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 14
- 3 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| T. Rowe Price Associates Inc Long-only · $999bn book | $6.6bn | 0.7% | 6,171,628 | +$2.6bn+589,610 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $6.2bn | 0.3% | 5,781,969 | +$3.4bn+1,957,676 | Added |
| Invesco Ltd Long-only · $1264bn book | $3.5bn | 0.3% | 3,284,093 | +$770m-565,507 | Trimmed |
| Capital World Investors Long-only · $846bn book | $3.3bn | 0.4% | 3,060,432 | +$749m-483,508 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $2.3bn | 0.3% | 2,198,729 | +$74m-1,002,120 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $1.9bn | 0.6% | 1,748,257 | +$749m+164,692 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $1.2bn | 0.2% | 1,144,800 | +$427m+26,078 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $862m | 0.6% | 810,361 | +$249m-55,518 | Trimmed |
| AllianceBernstein LP Long-only · $302bn book | $621m | 0.2% | 876,982 | +$143m+42,814 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $533m | 0.2% | 505,020 | +$349m+238,056 | Added |
| Markel Group Inc Activist · $13.1bn book | $350m | 2.7% | 328,650 | +$117m0 | Held |
| Two Sigma Investments LP Quantitative · $138bn book | $183m | 0.1% | 171,574 | +$40m-30,296 | Trimmed |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $135m | 0.2% | 127,025 | +$19m-36,844 | Trimmed |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $127m | 0.2% | 119,098 | -$41m-117,051 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $107m | 0.3% | 100,798 | +$43m+9,557 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $91m | 0.3% | 85,858 | +$84m+75,870 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $67m | 0.1% | 62,605 | -$39m-87,078 | Trimmed |
| ARK Investment Management LLC Long-only · $15.4bn book | $60m | 0.4% | 56,008 | +$18m-2,570 | Trimmed |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $49m | 0.3% | 46,029 | -$16m-45,135 | Trimmed |
| Dodge & Cox Activist · $191bn book | $42m | 0.0% | 39,404 | +$14m-590 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $3.7m | 0.0% | 3,462 | opened3,462 | New |
| Harris Associates LP Activist · $75.4bn book | $2.0m | 0.0% | 1,840 | +$700k0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Holocene Advisors LP · Long/short equity$208m held before
- Renaissance Technologies LLC · Quantitative$15m held before
- ExodusPoint Capital Management LP · Multi-strategy$11m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Jane Street Group LLC · puts$3.0bn notional
- Citadel Advisors LLC · puts$2.9bn notional
- Jane Street Group LLC · calls$2.7bn notional
- Susquehanna International Group LLP · calls$2.7bn notional
- Susquehanna International Group LLP · puts$2.5bn notional
- Citadel Advisors LLC · calls$2.3bn notional
- Millennium Management LLC · calls$434m notional
- Millennium Management LLC · puts$393m notional
- Squarepoint Ops LLC · calls$225m notional
- Eisler Capital Management Ltd · puts$96m notional
- Tudor Investment Corp · calls$95m notional
- Artisan Partners LP · puts$60m notional
- Tudor Investment Corp · puts$58m notional
- Eisler Capital Management Ltd · calls$28m notional
What CAT is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around CAT →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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