Carrier Global

CARR • NYSE

Carrier Global is a construction company in the industrials sector on NYSE, led by David Gitlin, with a market cap of $45.6B. As of Q3 2025, 83% of shares are held by 1,441 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.94%.

Chief Executive OfficerDavid Gitlin

Market Cap$45.6B

Construction

Industrials

Employees53.0K

Websitecorporate.carrier.com

Country

United States of America

Overview

Overview of institutional ownership in CARR as of Q3 2025 with a market cap of $50.8B

All Institutions

Institutions: 1,441
Value Held: $42.2B
Shares Held: 706.8M
Avg Position: $29.3M
Median Position: $623.4K

Hedge Funds

Hedge Funds: 64
Value Held: $552.8M
Shares Held: 9.3M
Avg Position: $8.6M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

81.96%

$41.6B

Hedge Funds

1.09%

$552.8M

Retail & Other

16.96%

$8.6B

Based on market cap of $50.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CARR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.6B 0.08% of portfolio	10.94% 93.1M shares	Q2 2020 Held for 5y 5m	$6.69T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$4.5B 0.85% of portfolio	8.86% 75.4M shares	Q2 2020 Held for 5y 5m	$532.36B
C Capital International Investors Institution	-	$3.5B 0.56% of portfolio	6.81% 58.0M shares	Q2 2020 Held for 5y 5m	$615.90B
B BlackRock, Inc. Institution	-	$3.2B 0.06% of portfolio	6.34% 53.9M shares	Q1 2020 Held for 5y 8m	$5.67T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$2.2B 0.14% of portfolio	4.34% 37.0M shares	Q2 2020 Held for 5y 5m	$1.56T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.0B 0.07% of portfolio	3.92% 33.4M shares	Q2 2020 Held for 5y 5m	$2.88T
C Capital World Investors Institution	-	$1.6B 0.22% of portfolio	3.19% 27.2M shares	Q4 2020 Held for 4y 11m	$730.00B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.0B 0.07% of portfolio	2.04% 17.4M shares	Q2 2020 Held for 5y 5m	$1.57T
F Fisher Asset Management, LLC Institution	-	$903.8M 0.33% of portfolio	1.78% 15.1M shares	Q2 2020 Held for 5y 5m	$276.29B
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$801.6M 0.43% of portfolio	1.58% 13.4M shares	Q2 2020 Held for 5y 5m	$185.33B

Net Capital Flow

Institutional buying and selling activity for CARR in Q3 2025

Traded: −$26.7M
Buyers: 587
Sellers: 723
Total Bought: +$1.9B
Total Sold: −$2.0B
Avg Position: $26.1M

Biggest Buyers

Institution	Net Bought	Current Position
C Capital International Investors Institution	+$216.7M +3.6M shares	$3.5B 58.0M shares
AMERIPRISE FINANCIAL INC Institution	+$208.7M +3.5M shares	$250.0M 4.2M shares
Bank of New York Mellon Corp Institution	+$91.1M +1.5M shares	$402.4M 6.7M shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	+$87.5M +1.5M shares	$87.5M 1.5M shares
I Impax Asset Management Group plc Long Only Manager	+$86.7M +1.5M shares	$246.7M 4.1M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$44.7M +749.2K shares	$162.3M 2.7M shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$41.9M +701.6K shares	$43.4M 726.9K shares
A Amundi Institution	+$40.2M +672.9K shares	$151.3M 2.5M shares
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	+$39.5M +662.3K shares	$198.6M 3.3M shares
DODGE & COX Long Only Manager	+$38.9M +651.6K shares	$801.6M 13.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
C CAM Group Holding A/S Institution	−$230.6M −3.2M shares	Sold Off 0 shares
C Capital World Investors Institution	−$100.9M −1.7M shares	$1.6B 27.2M shares
MORGAN STANLEY RIA/Wealth	−$95.5M −1.6M shares	$689.3M 11.5M shares
JPMORGAN CHASE & CO Institution	−$94.5M −1.6M shares	$2.2B 37.0M shares
Q Qube Research & Technologies Ltd Institution	−$89.6M −1.5M shares	$67.8M 1.1M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$81.9M −1.4M shares	$314.9M 5.3M shares
FMR LLC Institution	−$80.8M −1.4M shares	$119.8M 2.0M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$80.4M −1.1M shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$73.6M −1.2M shares	$398.0M 6.7M shares
N Nuveen, LLC Institution	−$71.1M −1.2M shares	$620.7M 10.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CARR in Q3 2025

New Positions: 45
New Value: $81.8M
Exited Positions: 177
Exited Value: $570.4M

New Positions

Institution	Position Value
Bornite Capital Management LP Hedge Fund•Long/Short	$29.9M 500.0K shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	$20.7M 346.4K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$7.5M 126.2K shares
E EDENTREE ASSET MANAGEMENT Ltd Institution	$7.3M 122.0K shares
American Trust Investment Advisors, LLC RIA/Wealth	$5.1M 84.8K shares
T Terra Alpha Investments LLC Hedge Fund•ESG	$2.0M 33.1K shares
A ABC ARBITRAGE SA Institution	$1.3M 22.2K shares
STONERIDGE INVESTMENT PARTNERS LLC Long Only Manager	$1.1M 18.4K shares
T TEMA ETFS LLC Institution	$951.6K 15.9K shares
Summit Financial, LLC RIA/Wealth	$935.2K 15.7K shares

Exited Positions

Institution	Previous Position
C CAM Group Holding A/S Institution	$230.6M 3.2M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$80.4M 1.1M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$66.2M 904.0K shares
Trexquant Investment LP Hedge Fund•Quant	$21.7M 296.2K shares
B Brevan Howard Capital Management LP Institution	$13.9M 190.2K shares
McElhenny Sheffield Capital Management, LLC Long Only Manager	$12.6M 172.0K shares
Sone Capital Management, LLC Hedge Fund•Multi-Strategy	$12.0M 163.6K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$10.7M 146.2K shares
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager	$10.3M 140.6K shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	$7.7M 105.9K shares

Options Activity

Institutions with the largest Call and Put options positions in CARR as of Q3 2025

Call Positions: 29
Call Value: $200.5M
Put Positions: 35
Put Value: $292.7M

Call Positions

Institution	Position Value
BANK OF AMERICA CORP /DE/ Institution	$36.0M 6.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$27.3M 4.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.2M 3.7K contracts
J JANE STREET GROUP, LLC Institution	$18.4M 3.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$13.0M 2.2K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.3M 2.1K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$11.4M 1.9K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$10.7M 1.8K contracts
W WOLVERINE TRADING, LLC Institution	$9.3M 1.6K contracts
CITIGROUP INC Institution	$7.0M 1.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$81.1M 13.6K contracts
BANK OF AMERICA CORP /DE/ Institution	$38.2M 6.4K contracts
UBS Group AG Institution	$28.5M 4.8K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$24.5M 41.0 contracts
W WOLVERINE TRADING, LLC Institution	$16.6M 2.8K contracts
CITIGROUP INC Institution	$15.4M 2.6K contracts
J JANE STREET GROUP, LLC Institution	$14.5M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.4M 2.1K contracts
H HSBC HOLDINGS PLC Institution	$9.5M 1.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.7M 1.3K contracts

Most Committed Institutions

Institutions with CARR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
AdviceOne Advisory Services, LLC RIA/Wealth	Michael Paul Grossman President	9.18% $13.8M	0.03% 231.4K shares	Q4 2024 Held for 11 months	$150.4M
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	5.41% $174.8M	0.34% 2.9M shares	Q2 2020 Held for 5y 5m	$3.2B
B Bristol Gate Capital Partners Inc. Long Only Manager	Gerald Richard Hamm CEO	3.33% $56.4M	0.11% 944.2K shares	Q4 2023 Held for 1y 11m	$1.7B
Raub Brock Capital Management LP RIA/Wealth	Richard Henry Alpert Partner	3.11% $14.5M	0.03% 242.5K shares	Q2 2021 Held for 4y 5m	$464.7M
Bornite Capital Management LP Hedge Fund•Long/Short	Daniel A. Dreyfus CIO	2.85% $29.9M	0.06% 500.0K shares	Q3 2025 Held for 2 months	$1.0B
Reynders McVeigh Capital Management, LLC RIA/Wealth	Charlton Nmn Reynders Managing Partner	2.63% $53.1M	0.10% 888.7K shares	Q2 2020 Held for 5y 5m	$2.0B
American Trust Investment Advisors, LLC RIA/Wealth	Paul Harker Collins President	2.61% $5.1M	0.01% 84.8K shares	Q3 2025 Held for 2 months	$194.1M
B Baker Chad R Institution	-	2.60% $15.1M	0.03% 252.9K shares	Q2 2020 Held for 5y 5m	$581.1M
GOLUB GROUP LLC RIA/Wealth	Colin Matthew Higgins CEO	2.59% $60.6M	0.12% 1.0M shares	Q1 2024 Held for 1y 8m	$2.3B
M. Kraus & Co RIA/Wealth	Denise Marie Dalton President	2.55% $8.5M	0.02% 143.1K shares	Q2 2020 Held for 5y 5m	$335.1M

Hedge Fund Spotlight

Discover hedge funds investing in CARR

ALPINE WOODS CAPITAL INVESTORS, LLC

Hedge Fund • Long/Short

Portfolio ManagerMark Thomas Spellman

Portfolio Value: $429.9M
Positions: 151
Last Reported: Q3 2025

Sector Allocation

Position in Carrier Global

Market Value: $2.1M
Shares Held: 35.7K
Portfolio Weight: 0.50%
Owned Since: 2020-Q2

Top Holding	Sector	Market Value	Weight
1 Broadcom Inc. AVGO	Semiconductors Technology	$26.7M	6.21%
2 JPMorgan Chase JPM	Banks - Diversified Financial Services	$16.8M	3.90%
3 Apple AAPL	Consumer Electronics Technology	$15.7M	3.66%

View full profile

Carrier Global

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Carrier Global

Cookie Preferences