QRG Capital Management Increases Stake in Caterpillar Inc.
QRG Capital Management Inc. has significantly increased its stake in Caterpillar Inc. (NYSE:CAT), lifting it by 12.6% in the second quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns approximately 1.0% of QRG's holdings, making Caterpillar its 17th largest holding.
The value of QRG's Caterpillar shares is $115.06 million as of the most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in Caterpillar, including Lam Group Inc., Torren Management LLC, Frazier Financial Advisors LLC, Cornerstone Financial Management LLC, and Matrix Trust Co.
Caterpillar's record quarter may indicate sustained demand for heavy equipment and support the company's upgraded 2026 sales outlook. The company has a twelve month high of $1,073.46 and a market cap of $393.85 billion. Analysts forecast that Caterpillar will post 26.56 EPS for the current year.
The bullish brokerage consensus may be less informative because sell-side analysts often issue overly optimistic recommendations. Investors may therefore focus more on execution, margins and backlog conversion than on the average rating alone.