SCHEDULE: Vanguard Reports 7.47% Stake in Caterpillar

Vanguard Capital Management has disclosed a beneficial ownership of 34,776,099 shares, representing 7.47% of Caterpillar Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, beneficially owns 34,776,099 shares of Caterpillar Inc. common stock.
• This holding represents 7.47% of the total class of securities.
• Vanguard has sole dispositive power over 34,776,099 shares and sole voting power over 4,541,646 shares.
• The filing is made under Schedule 13G, indicating the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.
• The reporting entity includes Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a standard disclosure of ownership by a major institutional investor and does not contain operational or financial performance data for Caterpillar Inc.

Positives

• Vanguard Capital Management's significant stake indicates confidence in Caterpillar's long-term prospects.
• The holding of 7.47% is a substantial position, suggesting a material investment.
• The filing confirms that the shares are held in the ordinary course of business, implying a passive investment strategy rather than an activist one.

Negatives

• No specific negative financial or operational information is present in this Schedule 13G filing.

Risks

• The filing does not explicitly detail risks associated with Caterpillar Inc. itself, but rather focuses on Vanguard's ownership status.

Future Outlook

This filing is a snapshot of ownership as of a specific date and does not contain forward-looking statements or guidance from Caterpillar Inc. or Vanguard regarding future performance.

Management Comments

• In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd.
• This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power.
• This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that Vanguard's Schedule 13G filing for Caterpillar Inc. is a routine disclosure for a large institutional investor. Such filings are common and indicate a significant passive investment, reflecting Vanguard's role as a major asset manager in the heavy machinery and industrials sector.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's passive stake, which can provide stability to the stock price.
• Management: The filing indicates that Vanguard is not seeking to influence control, which may be viewed positively by current management.
• Regulators: The filing fulfills regulatory disclosure requirements for significant ownership stakes.

Next Steps

• Vanguard will continue to hold the shares in the ordinary course of business.
• Future filings will be made if Vanguard's ownership stake changes significantly.

Key Dates

Keywords

Caterpillar Inc, Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Holding, SEC Filing, Institutional Investor