Caterpillar Inc. (CAT): Q2 2026 13F — more filers, a sharp jump in aggregate reported value, and giant BlackRock / Vanguard-affiliated dollar moves
You are looking at Caterpillar Inc. — industrials name listed on NYSE as CAT. Below is a read of the latest Form 13F tape (period of report 2026-06-30, Q2 2026) versus the prior quarter (2026-03-31, Q1 2026), plus a short company overview.
Caterpillar Inc. / CATERPILLAR INC
What changed in Q2 2026?
Last quarter = Q2 2026 (period of report 2026-06-30) versus prior Q1 2026 (2026-03-31). Figures are reported 13F values (USD) as filed — delayed snapshots, not live prices.
Here is the story in one breath: more 13F filers (4,039 vs 3,693), and the aggregate reported 13F value rose (about $336.59B from about $190.09B). Total disclosed shares also moved to about 327,834,062 from about 283,866,519. Hedge-style* holders numbered 25 in Q2 2026 versus 29 in Q1 2026. On the full 13F tape, 515 managers entered and 169 exited (hedge-style* enter/exit: 3 / 7).
Status mix across the QoQ tape (4,208 manager rows including exits): 515 ENTERED, 169 EXITED, 1,411 INCREASED, 1,562 DECREASED, 551 UNCHANGED.
Reporting-entity note: several Vanguard-affiliated names appear as ENTERED under new CIKs in Q2 2026 (for example VANGUARD CAPITAL MANAGEMENT LLC ($32.03B), VANGUARD PORTFOLIO MANAGEMENT LLC ($12.81B), VANGUARD FIDUCIARY TRUST CO ($2.82B), Vanguard Global Advisers, LLC ($1.06B)). That is a 13F filer / CIK event in this tape — not automatically the same thing as “Vanguard never owned CAT before.” Read it as new reporting entities showing up for this CUSIP in the QoQ join.
Who holds CAT now?
Largest Q2 2026 13F holders by reported position value (top 18 of 4,039). Block size ≈ reported value. Click a name for the fund page.
Fund activity — Q1 2026 → Q2 2026
Top increases and decreases by change in % of the manager’s reported AUM, shown as treemap-style cards. Dollar heatmaps follow.
Top funds increasing % AUM
Largest positive Δ %AUM (entries + any adds).
Top funds decreasing % AUM
Largest negative Δ %AUM (cuts + exits).
Top $ increases (reported value)
Top $ decreases (reported value)
Funds entering & exiting
New fund appearances (ENTERED) and disappearances (EXITED) on the QoQ 13F tape — all filers vs hedge-style* only. Counts are status rows from the QoQ join across the full Form 13F filer set for this CUSIP/ticker — not live flow.
Key Q2 2026 movers (by |Δ reported value|)
The largest absolute dollar increase is VANGUARD CAPITAL MANAGEMENT LLC (status ENTERED, Δ about $32.03B) — accession 0002100119-26-001527. On the downside, the largest absolute dollar decrease is Amundi (EXITED, Δ about -$1.57B).
Classic 13F reminder: STATE STREET CORP cut shares (34,880,604 → 34,392,316) but still shows a higher reported value ($24.71B → $36.62B) — share cuts and dollar increases can sit in the same row when the filing-period price jumps.
Largest Q2 2026 ENTERED names by reported value include: VANGUARD CAPITAL MANAGEMENT LLC ($32.03B), VANGUARD PORTFOLIO MANAGEMENT L… ($12.81B), VANGUARD FIDUCIARY TRUST CO ($2.82B), PeakShares LLC ($1.45B), Vanguard Global Advisers, LLC ($1.06B).
Largest EXITED names by prior reported value include: Amundi (prior $1.57B), HighTower Advisors, LLC (prior $419.70M), Holocene Advisors, LP (prior $207.53M), Nearwater Capital Markets, Ltd (prior $107.69M), CWM, LLC (prior $92.27M).
Top QoQ activity rows (by |Δ value|)
Showing 50 of 4,208 QoQ manager rows — sorted by absolute change in reported value.
| Manager | Status | Shares Q1 | Shares Q2 | Value Q1 | Value Q2 | Δ Value | SEC |
|---|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | ENTERED | — | 30,077,764 | — | $32.03B | $32.03B | SEC |
| BlackRock, Inc. | INCREASED | 37,169,433 | 37,991,505 | $26.33B | $40.46B | $14.12B | SEC |
| VANGUARD PORTFOLIO MANAGEMENT LLC | ENTERED | — | 12,026,244 | — | $12.81B | $12.81B | SEC |
| STATE STREET CORP | DECREASED | 34,880,604 | 34,392,316 | $24.71B | $36.62B | $11.91B | SEC |
| JPMORGAN CHASE & CO | INCREASED | 2,940,579 | 7,325,731 | $1.96B | $7.57B | $5.61B | SEC |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | DECREASED | 14,564,726 | 14,509,304 | $10.32B | $15.45B | $5.13B | SEC |
| GEODE CAPITAL MANAGEMENT, LLC | INCREASED | 11,127,483 | 11,175,493 | $7.89B | $11.92B | $4.03B | SEC |
| Fisher Asset Management, LLC | INCREASED | 9,775,952 | 9,942,521 | $6.93B | $10.59B | $3.66B | SEC |
| FMR LLC | INCREASED | 3,824,293 | 5,781,969 | $2.71B | $6.16B | $3.45B | SEC |
| VANGUARD FIDUCIARY TRUST CO | ENTERED | — | 2,645,238 | — | $2.82B | $2.82B | SEC |
| MORGAN STANLEY | INCREASED | 7,499,662 | 7,504,426 | $5.31B | $7.99B | $2.68B | SEC |
| GATES FOUNDATION TRUST | UNCHANGED | 6,353,614 | 6,353,614 | $4.50B | $6.77B | $2.26B | SEC |
| NORTHERN TRUST CORP | DECREASED | 5,678,795 | 5,664,155 | $4.02B | $6.03B | $2.01B | SEC |
| BANK OF AMERICA CORP /DE/ | DECREASED | 5,677,578 | 5,463,565 | $4.02B | $5.82B | $1.80B | SEC |
| Amundi | EXITED | 2,217,637 | — | $1.57B | — | -$1.57B | SEC |
| GOLDMAN SACHS GROUP INC | INCREASED | 3,210,971 | 3,570,493 | $2.27B | $3.80B | $1.53B | SEC |
| PeakShares LLC | ENTERED | — | 1,365 | — | $1.45B | $1.45B | SEC |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | DECREASED | 3,354,003 | 3,322,782 | $2.37B | $3.53B | $1.16B | SEC |
| Nuveen, LLC | INCREASED | 2,310,258 | 2,600,359 | $1.64B | $2.77B | $1.13B | SEC |
| Vanguard Global Advisers, LLC | ENTERED | — | 993,341 | — | $1.06B | $1.06B | SEC |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | DECREASED | 3,267,533 | 3,153,638 | $2.31B | $3.36B | $1.04B | SEC |
| DIMENSIONAL FUND ADVISORS LP | DECREASED | 2,746,073 | 2,742,185 | $1.94B | $2.92B | $975.08M | SEC |
| Capital International Investors | DECREASED | 3,459,278 | 1,450,769 | $2.45B | $1.54B | -$905.86M | SEC |
| VANGUARD ASSET MANAGEMENT, Ltd | ENTERED | — | 834,999 | — | $889.19M | $889.19M | SEC |
| Legal & General Group Plc | DECREASED | 2,772,592 | 2,613,814 | $1.96B | $2.78B | $819.18M | SEC |
| UBS Group AG | INCREASED | 1,404,577 | 1,700,215 | $995.09M | $1.81B | $815.47M | SEC |
| WELLS FARGO & COMPANY/MN | INCREASED | 2,048,603 | 2,118,690 | $1.45B | $2.26B | $804.84M | SEC |
| ROYAL BANK OF CANADA | INCREASED | 2,249,502 | 2,252,264 | $1.59B | $2.40B | $804.75M | SEC |
| Invesco Ltd. | DECREASED | 3,849,600 | 3,284,093 | $2.73B | $3.50B | $769.94M | SEC |
| Bank of New York Mellon Corp | DECREASED | 3,448,169 | 2,998,131 | $2.44B | $3.19B | $749.82M | SEC |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | INCREASED | 1,583,565 | 1,748,257 | $1.13B | $1.88B | $749.15M | SEC |
| Capital World Investors | DECREASED | 3,543,940 | 3,060,432 | $2.51B | $3.26B | $749.01M | SEC |
| CANADA PENSION PLAN INVESTMENT BOARD | INCREASED | 497,436 | 907,030 | $352.41M | $965.90M | $613.48M | SEC |
| Mitsubishi UFJ Asset Management Co., Ltd. | INCREASED | 1,351,377 | 1,377,957 | $957.40M | $1.47B | $509.99M | SEC |
| DEUTSCHE BANK AG\ | INCREASED | 1,360,881 | 1,364,014 | $964.13M | $1.45B | $488.41M | SEC |
| LPL Financial LLC | INCREASED | 1,099,268 | 1,182,150 | $778.79M | $1.26B | $480.08M | SEC |
| Sumitomo Mitsui Trust Group, Inc. | DECREASED | 1,313,890 | 1,307,930 | $930.84M | $1.39B | $461.98M | SEC |
| VOYA INVESTMENT MANAGEMENT LLC | DECREASED | 1,419,616 | 1,377,043 | $1.01B | $1.47B | $460.67M | SEC |
| CITIGROUP INC | INCREASED | 1,193,255 | 1,205,934 | $845.37M | $1.28B | $438.83M | SEC |
| Capital Wealth Planning, LLC | INCREASED | 1,186,096 | 1,197,856 | $840.30M | $1.28B | $435.30M | SEC |
| WELLINGTON MANAGEMENT GROUP LLP | INCREASED | 1,118,722 | 1,144,800 | $792.57M | $1.22B | $426.53M | SEC |
| Swiss National Bank | DECREASED | 1,373,420 | 1,312,380 | $973.01M | $1.40B | $424.54M | SEC |
| HighTower Advisors, LLC | EXITED | 592,391 | — | $419.70M | — | -$419.70M | SEC |
| California Public Employees Retirement System | INCREASED | 879,849 | 965,570 | $623.34M | $1.03B | $404.90M | SEC |
| RAYMOND JAMES FINANCIAL INC | INCREASED | 1,026,197 | 1,055,701 | $726.15M | $1.12B | $398.07M | SEC |
| National Pension Service | INCREASED | 988,716 | 1,010,122 | $700.47M | $1.08B | $375.21M | SEC |
| Winslow Capital Management, LLC | ENTERED | — | 350,774 | — | $373.54M | $373.54M | SEC |
| HSBC HOLDINGS PLC | INCREASED | 908,491 | 940,436 | $642.37M | $1.00B | $359.56M | SEC |
| AQR CAPITAL MANAGEMENT LLC | INCREASED | 266,964 | 505,020 | $184.45M | $533.23M | $348.78M | SEC |
| PRIMECAP MANAGEMENT CO/CA/ | DECREASED | 872,260 | 871,700 | $617.96M | $928.27M | $310.31M | SEC |
Company AI overview — Caterpillar Inc.
Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. HQ: 5205 N. O’Connor Boulevard, Suite 100, Irving, Texas 75039. Common stock trades on the NYSE as CAT (investors.caterpillar.com).
Short history / footprint. The Caterpillar brand is a century-scale industrial franchise. The company does business on every continent and principally operates through three primary segments — Construction Industries, Resource Industries, and Power & Energy — plus financing and related services through Financial Products. Company overview materials cite 2025 sales and revenues of $67.6B.
Business model & revenue streams. Caterpillar sells machines, engines, and related parts/services through a global dealer network, and earns financing income via Cat Financial. Mix matters: construction equipment, mining trucks, and power-generation equipment (including data-center-related power demand in recent commentary) drive different cycles. Recurring parts and services plus the dealer channel are a big part of how the franchise stays close to customers.
Competition. Global heavy-equipment and power peers (other construction OEMs, mining equipment makers, and industrial power specialists) compete on product, dealer coverage, uptime, and price. Caterpillar’s scale and dealer network are the usual “why customers stick” talking points — still not a free pass on cycle risk.
Moat (humble take). Brand, installed base, and dealer density can be durable advantages. Capex cycles, commodity prices, tariffs, and large-project timing can still swing results quarter to quarter.
Challenges & opportunities. Challenges include tariff costs/recoveries, capacity ramp, and keeping lead times under control when orders surge. Opportunities in 2026 commentary have centered on broad end-market demand and power equipment tied to data-center build-outs, alongside construction and mining strength.
Recent update (company). On 4 Aug 2026, Caterpillar reported Q2 2026 sales and revenues of $20.5B (+24% YoY) — the first quarter above $20B in company history — with adjusted profit per share $8.17 (+73% YoY) and a record backlog of about $72B. Management highlighted strong order rates across primary segments and cash returned to shareholders via dividends and buybacks in the quarter. Sources: Caterpillar Q2 2026 results release via company IR / PR Newswire coverage; investors.caterpillar.com.
Q2 2026 accession sample (largest holders)
SEC index links for accessions tied to the largest Q2 2026 reported positions. Filing dates live on each EDGAR index page.
| Accession | Manager | CIK | Type |
|---|---|---|---|
| 0002012383-26-003238 | BlackRock, Inc. | 2012383 | 13F-HR |
| 0000093751-26-000507 | STATE STREET CORP | 93751 | 13F-HR |
| 0002100119-26-001527 | VANGUARD CAPITAL MANAGEMENT LLC | 2100119 | 13F-HR |
| 0000315032-26-000004 | STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 315032 | 13F-HR |
| 0002100121-26-001018 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2100121 | 13F-HR |
| 0001214717-26-000008 | GEODE CAPITAL MANAGEMENT, LLC | 1214717 | 13F-HR |
| 0000850529-26-000006 | Fisher Asset Management, LLC | 850529 | 13F-HR |
| 0000895421-26-000243 | MORGAN STANLEY | 895421 | 13F-HR |
| 0000019617-26-000325 | JPMORGAN CHASE & CO | 19617 | 13F-HR |
| 0001104659-26-097175 | GATES FOUNDATION TRUST | 1166559 | 13F-HR |
| 0000315066-26-002260 | FMR LLC | 315066 | 13F-HR |
| 0000073124-26-000053 | NORTHERN TRUST CORP | 73124 | 13F-HR |
| 0000070858-26-000442 | BANK OF AMERICA CORP /DE/ | 70858 | 13F-HR |
| 0000886982-26-000519 | GOLDMAN SACHS GROUP INC | 886982 | 13F-HR |
| 0001752724-26-000057 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 884546 | 13F-HR |
Sources & provenance
- Company site: https://www.caterpillar.com/
- Investor relations: https://investors.caterpillar.com/
- About / overview: https://www.caterpillar.com/en/company.html
- Form 13F holdings for period of report 2026-06-30 and 2026-03-31 — individual SEC accession index links in the tables above (EDGAR pattern
https://www.sec.gov/Archives/edgar/data/{cik_from_accession}/{accession_nodash}/{accession}-index.htm). - QuantyFight stock page: https://quantyfight.com/stocks/CAT
- Market-cap context on this page ≈ $323.6B from holdings metadata (rounded).