Sector · 13F · Q2 2026 · portfolios as of June 30, 2026
Industrials: what concentrated managers hold, add and drop (Q2 2026)
Industrials averages 12.1% of concentrated managers' 13F portfolios at the end of Q2 2026 (10.9% the previous quarter). They hold stocks of 471 companies in the sector; the largest combined position is Space Exploration Technologies.
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Weight of Industrials in the portfolios, 20 quarters
Q2 2026: 12.1%
Largest holdings
By combined value in concentrated managers' portfolios.
- 1Space Exploration TechnologiesSPCX37 managers$55.0 bn
- 2General ElectricGE55 managers$21.7 bn
- 3UBER TechnologiesUBER76 managers$7.2 bn
- 4Delta Air LinesDAL14 managers$6.7 bn
- 5GE VernovaGEV73 managers$6.1 bn
- 6Canadian Pacific Kansas CityCP30 managers$5.2 bn
- 7TransDigm GroupTDG35 managers$5.0 bn
- 8Quanta ServicesPWR28 managers$4.7 bn
- 9Icahn EnterprisesIEP1 manager$4.5 bn
- 10MasTecMTZ19 managers$4.1 bn
Held by the most managers
By number of concentrated managers holding it.
- 1UBER TechnologiesUBER7 opened · 7 exited · 22 added, 30 trimmed76was 76
- 2GE VernovaGEV11 opened · 2 exited · 8 added, 28 trimmed73was 64
- 3Union PacificUNP1 opened · 3 exited · 15 added, 16 trimmed62was 64
- 4RTXRTX2 opened · 4 exited · 10 added, 13 trimmed57was 58
- 5General ElectricGE12 opened · 6 exited · 8 added, 16 trimmed55was 49
- 6CaterpillarCAT12 opened · 4 exited · 5 added, 12 trimmed50was 41
- 7Automatic Data ProcessingADP2 opened · 2 exited · 9 added, 16 trimmed43was 43
- 8Vertiv HoldingsVRT4 opened · 0 exited · 7 added, 20 trimmed40was 35
- 9EatonETN8 opened · 1 exited · 7 added, 7 trimmed39was 32
- 10DeereDE2 opened · 2 exited · 5 added, 9 trimmed38was 38
Stocks most managers added
Net change in managers over the quarter, and from how many to how many. From 0 to many is usually an IPO.
- 1Space Exploration TechnologiesSPCX37 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+370 → 37
- 2GE VernovaGEV11 opened · 2 exited · 8 added, 28 trimmed+964 → 73
- 3CaterpillarCAT12 opened · 4 exited · 5 added, 12 trimmed+941 → 50
- 4EatonETN8 opened · 1 exited · 7 added, 7 trimmed+732 → 39
- 5Honeywell AerospaceHONA6 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+70 → 37
- 6Waste ConnectionsWCN7 opened · 0 exited · 3 added, 8 trimmed+712 → 19
- 7FluorFLR7 opened · 0 exited · 2 added, 2 trimmed+75 → 12
- 8General ElectricGE12 opened · 6 exited · 8 added, 16 trimmed+649 → 55
- 9Comfort Systems USAFIX5 opened · 0 exited · 2 added, 6 trimmed+69 → 15
- 10X-EnergyXE4 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+60 → 6
Stocks most managers dropped
Net change in managers over the quarter, and from how many to how many.
- 1Honeywell InternationalHON4 opened · 10 exited · 8 added, 6 trimmed−636 → 30
- 2Generac HoldingsGNRC0 opened · 5 exited · 5 added, 9 trimmed−521 → 16
- 3L3harris TechnologiesLHX2 opened · 5 exited · 3 added, 4 trimmed−424 → 20
- 4Lockheed MartinLMT0 opened · 3 exited · 9 added, 7 trimmed−336 → 33
- 5CopartCPRT1 opened · 4 exited · 10 added, 11 trimmed−331 → 28
- 6FedExFDX0 opened · 3 exited · 0 added, 10 trimmed−319 → 16
- 7C.h. Robinson WorldwideCHRW1 opened · 4 exited · 4 added, 3 trimmed−314 → 11
- 8Avis Budget GroupCAR0 opened · 3 exited · 0 added, 1 trimmed−35 → 2
- 9CactusWHD0 opened · 3 exited · 0 added, 0 trimmed−35 → 2
- 10CraneCR0 opened · 3 exited · 1 added, 1 trimmed−35 → 2
Insider buying
Open-market purchases reported on Form 4, last 180 days.
- 1Madison Air SolutionsMAIR1 buyer · 5 managers$220M
- 2GRAB HoldingsGRAB2 buyers · 13 managers$30.8M
- 3Grab HoldingsGRABW2 buyers · 2 managers$30.8M
- 4Fortune Brands InnovationsFBIN2 buyers · 8 managers$30.7M
- 5MSC Industrial DirectMSM2 buyers · 3 managers$29.0M
- 6UBER TechnologiesUBER2 buyers · 76 managers$15.3M
- 7Cardinal Infrastructure GroupCDNL7 buyers · 2 managers$9.6M
- 8Hudson TechnologiesHDSN8 buyers · 1 manager$8.1M
- 9InsperityNSP1 buyer · 3 managers$7.9M
- 10Waste ConnectionsWCN1 buyer · 19 managers$7.6M
With holders above 5%
Companies in the sector with active 13D filings or holders reporting more than 5% (13D/13G).
- 1General DynamicsGD19 managers3 above 5%1 with a 13D
- 2MasTecMTZ19 managers3 above 5%2 with a 13D
- 3QXOQXO19 managers5 above 5%1 with a 13D
- 4Republic ServicesRSG18 managers1 above 5%1 with a 13D
- 5APi GroupAPG13 managers3 above 5%1 with a 13D
- 6Carrier GlobalCARR13 managers3 above 5%1 with a 13D
- 7GRAB HoldingsGRAB13 managers1 above 5%1 with a 13D
- 8Fortune Brands InnovationsFBIN8 managers4 above 5%1 with a 13D
- 9Southwest AirlinesLUV8 managers3 above 5%1 with a 13D
- 10VestisVSTS7 managers5 above 5%1 with a 13D
How it is calculated
A sector's weight. For each concentrated manager we add up the weight of its positions in that sector within its 13F portfolio, then average across all of them. Every manager counts the same, whatever its size: it is not the share of total money. Stocks we could not classify weigh 2.7%; with them, the weights add up to 100%.
Where each company's sector comes from. From the industry code (SIC) the company reports to the SEC, mapped to eleven sectors with a published table, plus a short list of manual corrections. See the table.
How managers are counted. For each stock, how many concentrated managers held it at the end of the previous quarter and how many at the end of this one. A company that went public in the quarter goes from 0 to many: that is why both figures are shown, not just the difference. Who the concentrated managers are.
It is a snapshot of a quarter that has already closed: portfolios as of June 30, 2026, public by August 14, 2026. A 13F does not include short positions, bonds, cash or stocks not listed in the United States. Research information; not investment advice.