How Caterpillar (CAT) Drives Sector-Leading Performance Beyond AI Models
Auxier Asset Management released its second-quarter 2026 investor letter, highlighting Caterpillar Inc. (NYSE:CAT) as a strong performer in the Industrials sector. Tech-facing industrial players, including Caterpillar Inc. (NYSE:CAT) and Gates, benefited from a shift in investor attention towards AI infrastructure development rather than AI model creation.
The company's performance helped drive the S&P 500's 15.2% gain in the quarter. Caterpillar Inc. (NYSE:CAT) is up 77.23% over the past year, closing at $784.00 per share on September 14, 2026. Despite its strong performance, Caterpillar Inc. (NYSE:CAT) is not among the top 40 Most Popular Stocks Among Hedge Funds, with 84 hedge funds holding the stock at the end of the second quarter, down from 87 in the previous quarter.
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