World Equity Group Cuts Holdings in Caterpillar by 53%

World Equity Group Inc., a financial institution, has significantly reduced its holdings in Caterpillar Inc. (NYSE: CAT), an industrial products company.

In the second quarter, World Equity Group decreased its stake by 53.1% through the sale of 3,723 shares, leaving it with 3,285 shares worth $3,498,000 as per its most recent Form 13F filing with the Securities & Exchange Commission.

This represents a notable decrease in Caterpillar's share value for World Equity Group Inc., making it the company's 24th largest holding, accounting for 0.8% of its overall portfolio.