Caterpillar

CAT • NYSE

Caterpillar is a agricultural - machinery company in the industrials sector on NYSE, led by D. James Umpleby III, with a market cap of $280.39B. As of Q3 2025, 71% of shares are held by 3,051 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.81%.

Chief Executive OfficerD. James Umpleby III

Market Cap$280.39B

Agricultural - Machinery

Industrials

Employees121.2K

Websitecaterpillar.com

Country

United States of America

Overview

Overview of institutional ownership in CAT as of Q3 2025 with a market cap of $223.53B

All Institutions

Institutions: 3,051
Value Held: $158.19B
Shares Held: 331.5M
Avg Position: $51.8M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 88
Value Held: $2.1B
Shares Held: 4.3M
Avg Position: $23.5M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

69.84%

$156.12B

Hedge Funds

0.925%

$2.1B

Retail & Other

29.23%

$65.3B

Based on market cap of $223.53B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CAT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$21.9B 0.33% of portfolio	9.81% 45.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$16.7B 0.58% of portfolio	7.47% 35.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
B BlackRock, Inc. Institution	-	$16.4B 0.29% of portfolio	7.32% 34.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$8.4B 6.97% of portfolio	3.74% 17.5M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$5.0B 0.32% of portfolio	2.24% 10.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
F Fisher Asset Management, LLC Institution	-	$4.5B 1.63% of portfolio	2.01% 9.4M shares	≤ Q2 2013 Held for 12y 5m+	$276.29B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.5B 0.21% of portfolio	1.54% 7.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$3.3B 0.36% of portfolio	1.45% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
B BILL & MELINDA GATES FOUNDATION TRUST Institution	-	$3.0B 8.29% of portfolio	1.36% 6.4M shares	≤ Q2 2013 Held for 12y 5m+	$36.6B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$3.0B 0.38% of portfolio	1.33% 6.2M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B

Net Capital Flow

Institutional buying and selling activity for CAT in Q3 2025

Net Flow: +$4.3B
Buyers: 1,137
Sellers: 1,286
Total Bought: +$11.2B
Total Sold: −$6.9B
Avg Position: $54.3M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$2.4B +5.1M shares	$2.5B 5.2M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$2.4B +5.0M shares	$3.3B 6.8M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$828.6M +1.7M shares	$873.4M 1.8M shares
FMR LLC Institution	+$636.2M +1.3M shares	$1.5B 3.1M shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	+$476.6M +998.8K shares	$507.9M 1.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$350.9M +735.4K shares	$2.8B 5.8M shares
Bank of New York Mellon Corp Institution	+$290.6M +609.0K shares	$1.7B 3.6M shares
A Amundi Institution	+$229.9M +464.0K shares	$1.2B 2.4M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$228.5M +479.0K shares	$848.2M 1.8M shares
F FIL Ltd Institution	+$220.6M +462.3K shares	$277.8M 582.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BILL & MELINDA GATES FOUNDATION TRUST Institution	−$477.1M −1.0M shares	$3.0B 6.4M shares
STATE STREET CORP Institution	−$451.2M −945.7K shares	$16.7B 35.0M shares
A Altshuler Shaham Ltd Institution	−$444.7M −932.0K shares	$298.2K 625.0 shares
Marshall Wace LLP Institution	−$342.9M −718.6K shares	$20.6M 43.2K shares
UBS Group AG Institution	−$246.9M −517.5K shares	$785.4M 1.6M shares
Brandywine Global Investment Management, LLC Long Only Manager	−$242.4M −624.4K shares	Sold Off 0 shares
A Assenagon Asset Management S.A. Institution	−$201.7M −422.7K shares	$200.6M 420.4K shares
DIAMOND HILL CAPITAL MANAGEMENT INC Long Only Manager	−$161.6M −338.7K shares	$218.8M 458.5K shares
Invesco Ltd. ETF Provider	−$152.6M −319.8K shares	$1.4B 3.0M shares
AMERIPRISE FINANCIAL INC Institution	−$149.1M −312.4K shares	$570.7M 1.2M shares

Entry and Exit Activity

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

New Positions: 123
New Value: $127.6M
Exited Positions: 115
Exited Value: $932.2M

New Positions

Institution	Position Value
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$39.2M 82.3K shares
A Albar Capital Partners LLP Institution	$16.4M 34.4K shares
T Tribune Investment Group LP Hedge Fund•Event Driven	$8.6M 18.0K shares
M Mercuria Capital Strategies, LLC Institution	$6.9M 14.5K shares
E EVENTIDE ASSET MANAGEMENT, LLC Long Only Manager	$5.3M 11.1K shares
G Gallo Partners, LP Hedge Fund•Sector	$5.2M 10.8K shares
S SIR Capital Management, L.P. Hedge Fund•Long/Short	$2.7M 5.6K shares
CAISSE DES DEPOTS ET CONSIGNATIONS Fund of Funds	$2.6M 5.3K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$2.1M 4.5K shares
Gibson Capital, LLC RIA/Wealth	$2.0M 4.1K shares

Exited Positions

Institution	Previous Position
Brandywine Global Investment Management, LLC Long Only Manager	$242.4M 624.4K shares
Q Qube Research & Technologies Ltd Institution	$88.0M 226.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$87.7M 226.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$85.0M 218.9K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$72.7M 187.4K shares
H HRT FINANCIAL LLC Institution	$44.5M 114.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$37.5M 96.5K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$31.6M 81.4K shares
Bornite Capital Management LP Hedge Fund•Long/Short	$23.3M 60.0K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$20.9M 53.9K shares

Options Activity

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

Call Positions: 66
Call Value: $3.3B
Put Positions: 67
Put Value: $3.4B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$827.8M 17.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$526.8M 11.0K contracts
J JANE STREET GROUP, LLC Institution	$502.5M 10.5K contracts
W WOLVERINE TRADING, LLC Institution	$145.4M 3.1K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$106.3M 2.2K contracts
UBS Group AG Institution	$103.3M 2.2K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$92.2M 1.9K contracts
P PEAK6 LLC Institution	$91.7M 1.9K contracts
Holocene Advisors, LP Hedge Fund•Long/Short	$85.9M 1.8K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$69.4M 1.5K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$814.0M 17.1K contracts
J JANE STREET GROUP, LLC Institution	$452.4M 9.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$435.4M 9.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$184.5M 3.9K contracts
W WOLVERINE TRADING, LLC Institution	$145.0M 3.1K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$136.9M 2.9K contracts
E Eisler Capital Management Ltd. Institution	$109.2M 2.3K contracts
Q Qube Research & Technologies Ltd Institution	$90.0M 1.9K contracts
UBS Group AG Institution	$87.7M 1.8K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$83.4M 17.5 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
DRH Investments, Inc. RIA/Wealth	David R Hansen President	13.22% $14.5M	0.01% 30.4K shares	Q2 2025 Held for 5 months	$109.8M
M Mercuria Capital Strategies, LLC Institution	-	9.11% $6.9M	0.00% 14.5K shares	Q3 2025 Held for 2 months	$75.9M
B BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL RIA/Wealth	Harvey Thomas Smith CEO	8.76% $19.1M	0.01% 40.0K shares	≤ Q2 2013 Held for 12y 5m+	$217.7M
B BILL & MELINDA GATES FOUNDATION TRUST Institution	-	8.29% $3.0B	1.36% 6.4M shares	≤ Q2 2013 Held for 12y 5m+	$36.6B
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	6.97% $8.4B	3.74% 17.5M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
Westchester Capital Management, Inc. RIA/Wealth	Cindy Lou Christensen CEO	6.34% $29.5M	0.01% 61.8K shares	≤ Q2 2013 Held for 12y 5m+	$465.2M
C Community Bank of Raymore RIA/Wealth	Don Lynn Ray Managing Partner	5.91% $8.5M	0.00% 17.9K shares	Q4 2014 Held for 10y 11m	$144.5M
Atwater Malick LLC RIA/Wealth	Matthew Charles Malick Managing Partner	5.76% $19.8M	0.01% 41.6K shares	Q4 2018 Held for 6y 11m	$344.4M
Capital Wealth Planning, LLC RIA/Wealth	Kevin Glenn Simpson President	5.45% $772.6M	0.35% 1.6M shares	Q4 2021 Held for 3y 11m	$14.2B
Fullerton Fund Management Co Ltd RIA/Wealth	Nicholas C Fullerton CCO	5.25% $135.9M	0.06% 284.9K shares	Q2 2025 Held for 5 months	$2.6B

Hedge Fund Spotlight

Discover hedge funds investing in CAT

GABLES CAPITAL MANAGEMENT INC.

Hedge Fund • Long/Short

Portfolio ManagerJudith Cohen Neiwirth

Portfolio Value: $233.4M
Positions: 457
Last Reported: Q3 2025

Sector Allocation

Position in Caterpillar

Market Value: $3.6M
Shares Held: 7.6K
Portfolio Weight: 1.55%
Owned Since: 2018-Q1

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