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Caterpillar

1,482 hedge funds and large institutions have $65.3B invested in Caterpillar in 2017 Q4 according to their latest regulatory filings, with 282 funds opening new positions, 472 increasing their positions, 508 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

370% more first-time investments, than exits

New positions opened: 282 | Existing positions closed: 60

27% more capital invested

Capital invested by funds: $51.4B → $65.3B (+$13.9B)

27% more funds holding in top 10

Funds holding in top 10: 4152 (+11)

17% more funds holding

Funds holding: 1,2711,482 (+211)

0.08% less ownership

Funds ownership: 69.81%69.73% (-0.08%)

7% less repeat investments, than reductions

Existing positions increased: 472 | Existing positions reduced: 508

55% less call options, than puts

Call options by funds: $1.12B | Put options by funds: $2.52B

Holders
1,482
Holders Change
+211
Holders Change %
+16.6%
% of All Funds
33.61%
Holding in Top 10
52
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+26.83%
% of All Funds
1.18%
New
282
Increased
472
Reduced
508
Closed
60
Calls
$1.12B
Puts
$2.52B
Net Calls
-$1.4B
Net Calls Change
-$823M
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
1
State Street
Massachusetts
$7.74B -$20.5M -148,038 -0.3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.8B +$127M +916,750 +2%
BlackRock
3
BlackRock
New York
$5.92B +$319M +2,297,750 +7%
State Farm Mutual Automobile Insurance
4
State Farm Mutual Automobile Insurance
Illinois
$3.31B
Capital World Investors
5
Capital World Investors
California
$3.27B -$19M -136,781 -0.7%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$2.48B -$487M -3,512,191 -18%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$2.28B -$31.3M -225,978 -2%
Gates Foundation Trust
8
Gates Foundation Trust
Washington
$1.77B
Primecap Management
9
Primecap Management
California
$1.51B -$9.15M -65,954 -0.7%
Northern Trust
10
Northern Trust
Illinois
$1.18B -$10.2M -73,655 -1%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$977M +$44.9M +323,920 +6%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$968M -$93.6M -674,590 -10%
Jennison Associates
13
Jennison Associates
New York
$938M +$461M +3,324,051 +127%
Norges Bank
14
Norges Bank
Norway
$802M +$77.7M +560,000 +12%
Harris Associates
15
Harris Associates
Illinois
$792M -$46.4M -334,785 -6%
Goldman Sachs
16
Goldman Sachs
New York
$725M +$35M +252,129 +6%
Morgan Stanley
17
Morgan Stanley
New York
$693M -$66.6M -480,466 -10%
TCIM
18
TIAA CREF Investment Management
New York
$636M +$84.3M +607,875 +18%
Bank of America
19
Bank of America
North Carolina
$586M -$38.7M -279,316 -7%
Franklin Resources
20
Franklin Resources
California
$575M -$107M -773,772 -17%
JP Morgan Chase
21
JP Morgan Chase
New York
$567M +$259M +1,869,228 +108%
Legal & General Group
22
Legal & General Group
United Kingdom
$450M -$14.2M -102,087 -3%
Wells Fargo
23
Wells Fargo
California
$423M +$42.3M +304,933 +13%
Invesco
24
Invesco
Georgia
$385M -$153M -1,101,217 -31%
Charles Schwab
25
Charles Schwab
California
$370M +$23.6M +169,795 +8%

CAT Hedge Fund Activity: Q4 2017 in Review

1,482 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Caterpillar (CAT) for Q4 2017, worth a combined $65.3B — up 27% from $51.4B a quarter earlier.

Buyers outnumbered sellers: 282 funds opened new CAT positions and 60 closed out — a net gain of 222 holders — while 472 added to existing stakes and 508 trimmed.

The largest buyer was Jennison Associates, adding an estimated $461M. The largest seller was American International Group, cutting an estimated $678M.

  • 1,482 institutional investors held Caterpillar (CAT) as of Q4 2017, up from 1,271 in Q3 2017.
  • Funds reported $65.3B of Caterpillar stock for Q4 2017, up 27% quarter-over-quarter.
  • 282 funds opened new Caterpillar positions in Q4 2017 and 60 closed out, a net change of +222 holders.
  • The largest Caterpillar buyer in Q4 2017 was Jennison Associates, an estimated $461M added.
  • The largest Caterpillar seller in Q4 2017 was American International Group, an estimated $678M sold.

Based on aggregated 13F filings for Q4 2017.