Artisan Partners Limited Partnership - Antero Peak Strategy on Caterpillar
Thesis
Caterpillar participates in the strategy's US Output theme, which focuses on rebuilding American productive capacity. The fund estimates that declining domestic manufacturing investment created an approximately $3 trillion cumulative investment gap. Energy, automation, AI infrastructure, defense and reshoring are now driving a sustained rebuilding cycle. Caterpillar is positioned to benefit from the resulting expansion in domestic industrial and infrastructure investment.
“Caterpillar participated in the ongoing expansion of domestic industrial investment”