Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Caterpillar Inc (CAT)

4K + Investors. Track Smart Money conviction in CAT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +237
Streak
4Q ▲
Buyers last Q
50%

Smart Money Signals — CAT

Based on 3731 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added CAT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
3,731 hedge funds hold CAT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +32% more funds vs a year ago

fund count last 6Q
+908 new funds entered over the past year (+32% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 50% buying

1705 buying1737 selling
Last quarter: 1,705 funds bought or added vs 1,737 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-125 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 308 → 315 → 537 → 412. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 18% medium ■ 21% new
2,295 out of 3,731 hedge funds have held CAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Price up while funds trimmed (+20% value, -1% shares)

Value
+20%
Shares
0%
Last quarter: total value of institutional CAT holdings rose +20% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

169 → 308 → 315 → 537 → 412 new funds/Q
New funds entering each quarter: 308 → 315 → 537 → 412. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 64% veterans vs 23% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Entry-cohort mix of 3,844 holders: 2,454 (64%) are 2+ year veterans, 509 entered 1–2 years ago, and 881 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
71 of 3717 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in CAT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CAT

In 2026 Q1, 1705 hedge funds were net buyers of CAT (412 opened a new position, 1293 added to an existing one), while 1737 reduced or exited (1562 trimmed, 175 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 53% of total institutional value in CAT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +237 funds (more new holders than closures). Total institutional holders: 3731.

Hedge Fund Ownership: CAT

How many hedge funds hold CAT — quarterly history vs. share price
Quarterly hedge fund ownership of CAT vs. share price

Market Analysis: CAT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CAT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Caterpillar Inc (CAT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CAT has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
CAT
+39.1%
XLI
+11.9%

CAT outperformed XLI by +27.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
CAT
+11.0%
XLI
+5.5%

Since the filing became public, CAT outperformed XLI by +5.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

155 top-rated funds 96 high-conviction
Consensus
9.5
/ 10
breadth
×
Elite
8.1
/ 10
conviction
Hedge Fund Positioning: CAT
4K + Investors

Track Smart Money conviction in CAT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 3687 3493 5.55%
13F Shares 343M 346M -0.79%
Total Value $232.03B $193.05B 20.19%
New Positions 400 537 -137
Increased Positions 1251 1222 +29
Closed Positions 206 151 +55
Reduced Positions 1513 1282 +231
Total Calls 54 60 -10.0%
Total Puts 71 59 20.34%
PUT/CALL Ratio 1.31 0.98 Bearish

Statistics: CAT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

4K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CAT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CAT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DRH Investments, Inc. 17.42% 30,299 $21.5M
2 Gates Foundation Trust 14.22% 6,353,614 $4.50B
3 Westchester Capital Management, Inc. 8.40% 58,862 $41.7M
4 State Farm Mutual Automobile Insurance Co 8.13% 14,564,726 $10.32B
5 Community Bank of Raymore 7.97% 16,803 $11.9M
6 Atwater Malick LLC 7.28% 38,021 $26.9M
7 Gouws Capital LLC 5.98% 15,942 $11.3M
8 Parametrica Management Ltd 5.64% 7,000 $5.0M
9 Independent Wealth Network Inc. 5.50% 26,118 $18.5M
10 Aull & Monroe Investment Management Corp 5.42% 16,468 $11.7M
11 Providence Wealth Advisors, LLC 5.21% 11,190 $8.2M
12 Boit C F David 5.19% 16,500 $11.7M
13 Soros Capital Management LLC 5.08% 16,500 $11.7M
14 Forty-three Eighteen Advisors, LLC 4.95% 9,273 $6.6M
15 Reliant Investment Management, LLC 4.92% 14,420 $10.2M
16 Capital Wealth Planning, LLC 4.63% 1,186,096 $840.3M
17 Pflug Koory, LLC 4.49% 13,841 $9.8M
18 Marvin & Palmer Associates Inc 4.47% 5,270 $3.7M
19 Knuff & Co LLC 4.44% 20,782 $14.7M
20 Palmer Knight Co 4.41% 12,761 $9.0M
21 Alphinity Investment Management Pty Ltd 4.39% 351,625 $249.1M
22 Noesis Capital Mangement Corp 4.28% 40,816 $28.9M
23 Jericho Financial, LLP 4.27% 9,553 $6.8M
24 Jones Kertz & Associates, Inc. 4.25% 11,300 $8.0M
25 Viewpoint Capital Management LLC 4.24% 12,801 $9.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Caterpillar Inc (CAT)

What does the Smart Money Trend signal show for CAT?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added CAT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CAT?

Slight buying edge — 50% buying: Last quarter: 1,705 funds bought or added vs 1,737 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CAT holders?

Elite ownership — 53% AUM from top-100 funds: 71 of 3717 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in CAT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CAT?

62% of holders stayed for 2+ years: 2,295 out of 3,731 hedge funds have held CAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Caterpillar Inc (CAT) following the 2026 Q1 hedge fund 13F filings?

As of today, CAT has moved +11.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of +5.5%. Since the quarter end (March 31, 2026), CAT has gained +39.1% vs +11.9% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →