Artisan Focus Fund on Caterpillar Inc.
Thesis
Caterpillar is positioned to benefit from Artisan's US Output theme, which reframes deglobalization as a sustained rebuilding of domestic productive capacity. The fund points to energy, automation, AI infrastructure, defense and reshoring as drivers of a prolonged investment cycle in the United States. Caterpillar participates directly in that expansion of domestic industrial investment.
“Caterpillar participated in the ongoing expansion of domestic industrial investment”