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Caterpillar: Institutional Investors’ Latest Position

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Sep. 24 2018, Updated 1:01 p.m. ET

Institutional investors’ activities

In the second quarter, the SEC’s 13F filings from institutional investors indicate that they own 66.7% of Caterpillar’s (CAT) outstanding shares. Of the 1,612 institutional investors that hold Caterpillar, 704 have increased their positions, 639 have reduced their positions, and 269 have maintained their positions.

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Top three holders

The top three institutional investors account for ~21.8% of Caterpillar’s outstanding shares. Overall, they were net sellers during the second quarter. The top three investors decreased their total position marginally from 131.81 million shares in the first quarter to 131.54 million shares in the second quarter. Based on the 13F filings, the top three institutional investors’ holdings are:

  • Vanguard added ~876,000 shares to its previous holdings in Caterpillar in the second quarter. Vanguard holds 49.27 million shares, which represents ~8.2% of Caterpillar’s outstanding shares.
  • State Street (STT) reduced its positions in Caterpillar. State Street reduced Caterpillar’s position by 515,000 shares to 46.7 million shares, which represents 7.7% of Caterpillar’s outstanding shares
  • Blackrock (BLK) sold ~631,000 shares in the second quarter. According to the latest 13F filings, BlackRock has ~35.57 million shares, which represents ~5.9% of Caterpillar’s outstanding shares.

Investors could hold Caterpillar indirectly by investing in the SPDR SSGA Gender Diversity Index ETF (SHE). SHE has invested 2.2% of its portfolio in Caterpillar. The fund also provides exposure to Illinois Tool Works (ITW) with a weight of 1.2% as of September 20.

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