Caterpillar Inc.
MX ˙ BMV ˙ US1491231015
SecurityMX:CAT / Caterpillar Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership306,859 shares
Latest Disclosed Value $ 217,397,707
Baird Financial Group, Inc. reports 4.55% decrease in ownership of CAT / Caterpillar Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 306,859 shares of Caterpillar Inc. (MX:CAT) valued at $217,397,707 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 321,502 shares of Caterpillar Inc.. This represents a change in shares of -4.55% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F CATERPILLAR COM 149123101 306,859 -14,643 -4.55 217,398 18.04 0.1828
2026-02-13 2025-12-31 13F CATERPILLAR INC COM COMMON 149123101 321,502 1,799 0.56 184,179 20.74 0.2871
2025-11-13 2025-09-30 13F CATERPILLAR COMMON 149123101 319,703 4,122 1.31 152,546 24.52 0.2453
2025-08-13 2025-06-30 13F CATERPILLAR INC COM COMMON 149123101 315,581 -90,394 -22.27 122,512 -8.50 0.2148
2025-05-15 2025-03-31 13F CATERPILLAR INC COM COMMON 149123101 405,975 2,958 0.73 133,891 -8.42 0.2578
2025-02-14 2024-12-31 13F CATERPILLAR COMMON 149123101 403,017 1,836 0.46 146,198 -6.83 0.2796
2024-11-14 2024-09-30 13F CATERPILLAR COMMON 149123101 401,181 895 0.22 156,910 17.68 0.3047
2024-08-14 2024-06-30 13F CATERPILLAR COMMON 149123101 400,286 2,775 0.70 133,335 -8.46 0.2766
2024-05-14 2024-03-31 13F CATERPILLAR COMMON 149123101 397,511 -36,241 -8.36 145,660 13.58 0.3054
2024-02-14 2023-12-31 13F CATERPILLAR COMMON 149123101 433,752 -55,082 -11.27 128,247 -3.90 0.2923
2023-11-13 2023-09-30 13F CATERPILLAR COMMON 149123101 488,834 13,525 2.85 133,452 14.11 0.3640
2023-08-11 2023-06-30 13F CATERPILLAR COMMON 149123101 475,309 -7,231 -1.50 116,950 5.91 0.3087
2023-05-15 2023-03-31 13F CATERPILLAR COMMON 149123101 482,540 -86,728 -15.24 110,425 81,094.12 0.2724
2023-02-13 2022-12-31 13F CATERPILLAR COMMON 149123101 569,268 -158,288 -21.76 136 -99.89 0.3591
2022-11-15 2022-09-30 13F CATERPILLAR COMMON 149123101 727,556 -111,664 -13.31 119,378 -20.42 0.3517
2022-08-08 2022-06-30 13F CATERPILLAR TRACTOR COMMON 149123101 839,220 -7,520 -0.89 150,019 -20.49 0.4165
2022-05-13 2022-03-31 13F CATERPILLAR TRACTOR COMMON 149123101 846,740 84,542 11.09 188,671 19.73 0.4662
2022-02-09 2021-12-31 13F CATERPILLAR INC COM COMMON 149123101 762,198 55,604 7.87 157,577 16.17 0.3684
2021-11-12 2021-09-30 13F CATERPILLAR INC COM COMMON 149123101 706,594 72,822 11.49 135,645 -1.66 0.3469
2021-08-11 2021-06-30 13F CATERPILLAR INC COM COMMON 149123101 633,772 48,664 8.32 137,928 1.67 0.3585
2021-05-13 2021-03-31 13F CATERPILLAR INC COM COMMON 149123101 585,108 44,432 8.22 135,669 37.86 0.3805
2021-02-11 2020-12-31 13F CATERPILLAR INC COM COMMON 149123101 540,676 18,029 3.45 98,414 26.25 0.2942
2020-11-12 2020-09-30 13F CATERPILLAR INC COM COMMON 149123101 522,647 211,402 67.92 77,953 97.99 0.2671
2020-10-22 2020-06-30 13F/A-1 CATERPILLAR INC COM COMMON 149123101 311,245 -5,852 -1.85 39,373 7.00 0.1483
2020-08-14 2020-06-30 13F CATERPILLAR INC COM COMMON 149123101 274,861 -42,236 39,981 79,233.2584
2020-05-14 2020-03-31 13F CATERPILLAR INC COM COMMON 149123101 317,097 43,895 16.07 36,796 -8.80 0.1680
2020-02-14 2019-12-31 13F CATERPILLAR INC COM COMMON 149123101 273,202 -22,984 -7.76 40,346 7.85 0.1448
2019-11-14 2019-09-30 13F CATERPILLAR Common 149123101 296,186 -18,601 -5.91 37,411 -12.80 0.1474
2019-08-14 2019-06-30 13F CATERPILLAR COMMON 149123101 314,787 107,274 51.70 42,902 52.59 0.1668
2019-05-14 2019-03-31 13F CATERPILLAR COMMON 149123101 207,513 35,440 20.60 28,116 28.59 0.1644
2019-02-14 2018-12-31 13F CATERPILLAR COMMON 149123101 172,073 57,066 49.62 21,865 24.85 0.1484
2018-11-13 2018-09-30 13F Caterpillar COMMON 149123101 115,007 8,872 8.36 17,513 21.63 0.1097
2018-08-13 2018-06-30 13F Caterpillar COMMON 149123101 106,135 20 0.02 14,399 -7.93 0.0977
2018-05-14 2018-03-31 13F Caterpillar COMMON 149123101 106,115 -63,183 -37.32 15,640 -41.37 0.1101
2018-02-09 2017-12-31 13F CATERPILLAR COMMON 149123101 169,298 2,622 1.57 26,678 28.35 0.1890
2017-11-14 2017-09-30 13F CATERPILLAR COMMON 149123101 166,676 -28 -0.02 20,786 16.03 0.1568
2017-08-14 2017-06-30 13F CATERPILLAR COMMON 149123101 166,704 585 0.35 17,914 16.26 0.1403
2017-06-19 2017-03-31 13F/A-1 CATERPILLAR COMMON 149123101 166,119 -52,629 -24.06 15,409 -24.04 0.1246
2017-05-09 2017-03-31 13F CATERPILLAR COMMON 149123101 166,119 15,409
2017-02-10 2016-12-31 13F CATERPILLAR TRACTOR COMMON 149123101 218,748 37,785 20.88 20,287 26.29 0.1762
2016-11-10 2016-09-30 13F CATERPILLAR COMMON 149123101 180,963 10,508 6.16 16,064 23.34 0.1439
2016-08-11 2016-06-30 13F CATERPILLAR COMMON 149123101 170,455 39,228 29.89 13,024 29.67 0.1194
2016-05-12 2016-03-31 13F CATERPILLAR TRACTOR COMMON 149123101 131,227 -11,996 -8.38 10,044 3.18 0.0961
2016-02-11 2015-12-31 13F CATERPILLAR TRACTOR COMMON 149123101 143,223 -1,525 -1.05 9,734 2.89 0.0974
2015-11-12 2015-09-30 13F CATERPILLAR TRACTOR COMMON 149123101 144,748 -4,968 -3.32 9,461 -25.49 0.1006
2015-08-14 2015-06-30 13F CATERPILLAR TRACTOR COMMON 149123101 149,716 149,716 12,698 0.1250
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.