Caterpillar
CAT
3,144 hedge funds and large institutions have $159B invested in Caterpillar in 2025 Q3 according to their latest regulatory filings, with 298 funds opening new positions, 1,148 increasing their positions, 1,199 reducing their positions, and 120 closing their positions.
148% more first-time investments, than exits
New positions opened: 298 | Existing positions closed: 120
30% more funds holding in top 10
Funds holding in top 10: 63 → 82 (+19)
24% more capital invested
Capital invested by funds: $128B → $159B (+$31B)
4% more funds holding
Funds holding: 3,016 → 3,144 (+128)
1.05% more ownership
Funds ownership: 70.09% → 71.14% (+1.1%)
0% less call options, than puts
Call options by funds: $3.88B | Put options by funds: $3.89B
4% less repeat investments, than reductions
Existing positions increased: 1,148 | Existing positions reduced: 1,199
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.18B |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$2.12B |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$741M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$569M |
| 5 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$426M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Gates Foundation Trust
Kirkland,
Washington
|
-$427M |
| 2 |
State Street
Boston,
Massachusetts
|
-$404M |
| 3 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$398M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$307M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$242M |
CAT Hedge Fund Activity: Q3 2025 in Review
3,144 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Caterpillar (CAT) for Q3 2025, worth a combined $159B — up 24% from $128B a quarter earlier.
Buyers outnumbered sellers: 298 funds opened new CAT positions and 120 closed out — a net gain of 178 holders — while 1,148 added to existing stakes and 1,199 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $2.18B. The largest seller was Gates Foundation Trust, cutting an estimated $427M.
- 3,144 institutional investors held Caterpillar (CAT) as of Q3 2025, up from 3,016 in Q2 2025.
- Funds reported $159B of Caterpillar stock for Q3 2025, up 24% quarter-over-quarter.
- 298 funds opened new Caterpillar positions in Q3 2025 and 120 closed out, a net change of +178 holders.
- The largest Caterpillar buyer in Q3 2025 was Wellington Management Group, an estimated $2.18B added.
- The largest Caterpillar seller in Q3 2025 was Gates Foundation Trust, an estimated $427M sold.
Based on aggregated 13F filings for Q3 2025.