Caterpillar Inc.
MX ˙ BMV ˙ US1491231015
SecurityMX:CAT / Caterpillar Inc.
InstitutionWelch Group, LLC
Latest Disclosed Ownership39,108 shares
Latest Disclosed Value $ 27,706,668
Welch Group, LLC reports 3.74% decrease in ownership of CAT / Caterpillar Inc.

On April 21, 2026 - Welch Group, LLC filed a 13F-HR form disclosing ownership of 39,108 shares of Caterpillar Inc. (MX:CAT) valued at $27,706,668 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 40,627 shares of Caterpillar Inc.. This represents a change in shares of -3.74% 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)
2026-04-21 2026-03-31 13F CATERPILLAR COMMON 149123101 39,108 -1,519 -3.74 27,707 19.04 1.0408
2026-01-26 2025-12-31 13F CATERPILLAR COMMON STOCK 149123101 40,627 -70 -0.17 23,274 19.86 0.8972
2025-10-14 2025-09-30 13F CATERPILLAR COMMON 149123101 40,697 1,063 2.68 19,419 26.21 0.7581
2025-07-25 2025-06-30 13F CATERPILLAR COMMON 149123101 39,634 1,664 4.38 15,386 22.91 0.6430
2025-04-08 2025-03-31 13F CATERPILLAR COMMON 149123101 37,970 1,156 3.14 12,518 -6.33 0.5506
2025-01-27 2024-12-31 13F CATERPILLAR COMMON 149123101 36,814 703 1.95 13,364 -5.37 0.6018
2024-10-24 2024-09-30 13F CATERPILLAR COMMON 149123101 36,111 451 1.26 14,124 18.90 0.6140
2024-07-17 2024-06-30 13F CATERPILLAR COMMON 149123101 35,660 711 2.03 11,878 -7.25 0.5707
2024-04-09 2024-03-31 13F CATERPILLAR COMMON 149123101 34,949 189 0.54 12,806 24.61 0.6351
2024-01-23 2023-12-31 13F CATERPILLAR Common 149123101 34,760 -1 -0.00 10,278 8.30 0.5535
2023-10-18 2023-09-30 13F CATERPILLAR Common 149123101 34,761 140 0.40 9,490 11.40 0.5622
2023-07-18 2023-06-30 13F CATERPILLAR Common 149123101 34,621 1,270 3.81 8,519 11.61 0.4883
2023-04-13 2023-03-31 13F CATERPILLAR Common 149123101 33,351 -70 -0.21 7,632 -4.67 0.4437
2023-01-30 2022-12-31 13F CATERPILLAR Common 149123101 33,421 385 1.17 8,006 47.68 0.4580
2022-10-13 2022-09-30 13F CATERPILLAR COMMON 149123101 33,036 885 2.75 5,421 -5.67 0.3529
2022-07-21 2022-06-30 13F CATERPILLAR COMMON 149123101 32,151 739 2.35 5,747 -17.89 0.3507
2022-04-29 2022-03-31 13F CATERPILLAR COMMON 149123101 31,412 2,996 10.54 6,999 19.13 0.3995
2022-01-26 2021-12-31 13F CATERPILLAR COMMON 149123101 28,416 2,284 8.74 5,875 17.10 0.3437
2021-11-05 2021-09-30 13F CATERPILLAR COMMON 149123101 26,132 2,453 10.36 5,017 -2.64 0.3397
2021-07-21 2021-06-30 13F CATERPILLAR COMMON 149123101 23,679 1,256 5.60 5,153 -0.88 0.3513
2021-04-23 2021-03-31 13F CATERPILLAR COMMON 149123101 22,423 2,856 14.60 5,199 45.96 0.3742
2021-01-25 2020-12-31 13F CATERPILLAR Common 149123101 19,567 1,550 8.60 3,562 32.56 0.2857
2020-10-28 2020-09-30 13F CATERPILLAR INC DEL Common 149123101 18,017 2,022 12.64 2,687 32.82 0.2347
2020-07-22 2020-06-30 13F CATERPILLAR INC DEL Common 149123101 15,995 526 3.40 2,023 12.70 0.1890
2020-04-28 2020-03-31 13F CATERPILLAR INC DEL Common 149123101 15,469 3,028 24.34 1,795 -2.29 0.1915
2020-01-24 2019-12-31 13F Caterpillar Common 149123101 12,441 -15 -0.12 1,837 16.78 0.1808
2019-11-05 2019-09-30 13F Caterpillar Common 149123101 12,456 262 2.15 1,573 -5.35 0.1616
2019-07-11 2019-06-30 13F Caterpillar Common 149123101 12,194 1,118 10.09 1,662 10.73 0.1774
2019-04-15 2019-03-31 13F Caterpillar Common 149123101 11,076 557 5.30 1,501 12.27 0.1652
2019-01-10 2018-12-31 13F Caterpillar Common 149123101 10,519 -4 -0.04 1,337 -16.70 0.1638
2018-11-01 2018-09-30 13F Caterpillar Common 149123101 10,523 949 9.91 1,605 23.56 0.1672
2018-07-30 2018-06-30 13F Caterpillar Common 149123101 9,574 167 1.78 1,299 -6.28 0.1618
2018-04-23 2018-03-31 13F Caterpillar Common 149123101 9,407 -339 -3.48 1,386 -9.77 0.1755
2018-02-01 2017-12-31 13F Caterpillar Common 149123101 9,746 1,328 15.78 1,536 46.29 0.2383
2017-11-07 2017-09-30 13F Caterpillar Common 149123101 8,418 -291 -3.34 1,050 12.18 0.1755
2017-08-07 2017-06-30 13F Caterpillar Common 149123101 8,709 474 5.76 936 22.51 0.1561
2017-05-01 2017-03-31 13F Caterpillar Common 149123101 8,235 -80 -0.96 764 -0.91 0.1438
2017-02-09 2016-12-31 13F Caterpillar Common 149123101 8,315 -61 -0.73 771 3.63 0.1507
2016-10-28 2016-09-30 13F Caterpillar Common 149123101 8,376 -109 -1.28 744 15.71 0.1479
2016-07-27 2016-06-30 13F Caterpillar Common 149123101 8,485 -1,121 -11.67 643 -12.52 0.1309
2016-05-05 2016-03-31 13F Caterpillar Common 149123101 9,606 541 5.97 735 19.32 0.1227
2016-01-21 2015-12-31 13F Caterpillar Common 149123101 9,065 -577 -5.98 616 -2.22 0.1106
2015-10-23 2015-09-30 13F Caterpillar COM 149123101 9,642 933 10.71 630 -14.75 0.1218
2015-07-31 2015-06-30 13F Caterpillar Common 149123101 8,709 0 0.00 739 6.03 0.1399
2015-04-29 2015-03-31 13F Caterpillar Common 149123101 8,709 -296 -3.29 697 -15.41 0.1280
2015-01-20 2014-12-31 13F Caterpillar Common 149123101 9,005 123 1.38 824 -6.36 0.1589
2014-10-29 2014-09-30 13F Caterpillar Common 149123101 8,882 -53 -0.59 880 -9.37 0.1819
2014-07-22 2014-06-30 13F Caterpillar Common 149123101 8,935 -72 -0.80 971 8.49 0.2011
2014-04-23 2014-03-31 13F Caterpillar COM 149123101 9,007 -89 -0.98 895 8.35 0.2027
2014-02-07 2013-12-31 13F Caterpillar Common 149123101 9,096 -585 -6.04 826 2.35 0.1873
2013-10-04 2013-09-30 13F Caterpillar Common 149123101 9,681 25 0.26 807 1.25 0.1984
2013-07-29 2013-06-30 13F Caterpillar Common 149123101 9,656 9,656 797 0.2069
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.