UBS Upgrades Caterpillar Outlook to Neutral Amid Fund Activity

On May 16, 2025, UBS upgraded its outlook for Caterpillar (BMV: CAT) from Sell to Neutral.

Fund Sentiment Overview

Currently, 2,545 funds or institutions have reported positions in Caterpillar, reflecting an increase of 78 owners, or 3.16%, over the past quarter. The average portfolio weight of funds allocated to CAT is now 0.42%, which marks a 6.89% rise. Additionally, total shares owned by institutions grew by 1.81% in the last three months, reaching 422,500K shares.

Institutional Shareholder Actions

State Farm Mutual Automobile Insurance holds 17,669K shares, representing 3.24% ownership of Caterpillar. Previously, the firm reported 17,734K shares, indicating a decrease of 0.37%. This firm has reduced its portfolio allocation in CAT by 42.94% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 15,125K shares, representing 2.77% ownership. Its prior filing noted 15,368K shares, showing a decrease of 1.61%. Vanguard cut its portfolio allocation in CAT by 10.05% in the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares currently holds 13,069K shares, translating to 2.40% ownership. The previous filing indicated 12,700K shares, reflecting an increase of 2.82%. However, Vanguard decreased its portfolio allocation in CAT by 9.70% over the last quarter.

Geode Capital Management owns 10,517K shares, representing 1.93% of the company. Its prior report showed an ownership of 10,450K shares, marking a 0.64% increase. Nevertheless, this firm cut its portfolio allocation in CAT by 50.90% during this period.

Fisher Asset Management holds 9,210K shares, accounting for 1.69% ownership. The firm’s previous disclosure indicated ownership of 9,082K shares, denoting an increase of 1.39%. Fisher has slightly increased its portfolio allocation in CAT by 0.31% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.