CARRIER GLOBAL CORPORATION CARR
COM · Common Stock · CUSIP 14448C104 · ISIN US14448C1045
American air conditioning company
- SectorIndustrials
- IndustryAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
- HeadquartersPalm Beach Gardens, FL
- Founded1915
- Websitecorporate.carrier.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($111.6m this quarter). Holder counts are more reliable. Shares outstanding: 857.3m as of 2025-04-15, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $63.37. Options: 33 managers hold calls ($274.7m notional), 31 hold puts ($128.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,157 |
| Q4 2022 | 1,218 |
| Q1 2023 | 1,239 |
| Q2 2023 | 1,262 |
| Q3 2023 | 1,318 |
| Q4 2023 | 1,400 |
| Q1 2024 | 1,415 |
| Q2 2024 | 1,454 |
| Q3 2024 | 1,554 |
| Q4 2024 | 1,562 |
| Q1 2025 | 1,526 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 486 | 594 |
| Q3 2023 | 533 | 573 |
| Q4 2023 | 521 | 623 |
| Q1 2024 | 564 | 640 |
| Q2 2024 | 590 | 639 |
| Q3 2024 | 692 | 618 |
| Q4 2024 | 602 | 689 |
| Q1 2025 | 630 | 702 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $331.5m | $170.0m | 0.51 |
| Q3 2024 | $725.1m | $703.9m | 0.97 |
| Q4 2024 | $404.4m | $531.7m | 1.31 |
| Q1 2025 | $274.7m | $128.6m | 0.47 |
Biggest buyers
| Capital Research Global Investors | Added | +4.9m |
| JPMORGAN CHASE & CO | Added | +4.7m |
| BROWN ADVISORY INC | Added | +4.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +3.4m |
| Squarepoint Ops LLC | Added | +2.9m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.7m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| MORGAN STANLEY | Added | +1.2m |
| UBS Group AG | Added | +895.3k |
Biggest sellers
| Capital International Investors | Reduced | -16.5m |
| Capital World Investors | Reduced | -16.2m |
| FMR LLC | Reduced | -4.0m |
| VANGUARD GROUP INC | Reduced | -2.4m |
| Pictet Asset Management Holding SA | Reduced | -1.6m |
| Amundi | Reduced | -1.4m |
| STATE STREET CORP | Reduced | -1.1m |
| MACKENZIE FINANCIAL CORP | Reduced | -1.0m |
| Alyeska Investment Group, L.P. | Reduced | -968.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -931.6k |
Biggest calls
| BARCLAYS PLC | Added | $66.2m1.0m shares |
| CITADEL ADVISORS LLC | Added | $51.9m818.1k shares |
| CITIGROUP INC | Reduced | $17.4m275.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.7m216.2k shares |
| PEAK6 LLC | Reduced | $13.6m214.7k shares |
| Cubist Systematic Strategies, LLC | Added | $12.2m192.0k shares |
| Twin Tree Management, LP | New | $8.9m139.7k shares |
| Hudson Bay Capital Management LP | Added | $8.8m139.5k shares |
| IMC-Chicago, LLC | Reduced | $8.7m137.3k shares |
| Squarepoint Ops LLC | Reduced | $8.3m130.6k shares |
Biggest puts
| Twin Tree Management, LP | Added | $33.2m523.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.0m173.0k shares |
| CITIGROUP INC | Reduced | $10.8m170.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $9.3m1.5k shares |
| HSBC HOLDINGS PLC | New | $6.2m99.2k shares |
| Squarepoint Ops LLC | Added | $6.2m97.9k shares |
| Hudson Bay Capital Management LP | Added | $6.2m97.6k shares |
| Cubist Systematic Strategies, LLC | Added | $5.9m92.4k shares |
| CITADEL ADVISORS LLC | Reduced | $5.8m91.5k shares |
| IMC-Chicago, LLC | Reduced | $4.7m74.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital Research Global Investors 13G · institution -1.0 pts · filed 2026-08-12 | 12.8% |
| BlackRock, Inc. 13G · institution filed 2026-07-27 | 7.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
Fell to 5% or below in the last year: Viessmann Generations Group GmbH & Co. KG (4.6%, 2026-05-20), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Capital International Investors (3.0%, 2026-02-13)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 2 | $10.5m | — |
| Q3 2023 | 0 | — | 2 | $12.1m | — |
| Q4 2023 | 0 | — | 1 | $956.8k | — |
| Q1 2024 | 0 | — | 3 | $21.3m | — |
| Q2 2024 | 0 | — | 4 | $20.4m | — |
| Q3 2024 | 0 | — | 1 | $4.0m | — |
| Q4 2024 | 0 | — | 2 | $13.2m | — |
| Q1 2025 | 0 | — | 1 | $1.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-02-14 | Crockett Kyle VP, Controller & CAO | Sold | $1.2m18.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 92.9m $5.9bn | Reduced -2.4m |
| Capital Research Global Investors 1.11% of their portfolio | 80.4m $5.1bn | Added +4.9m |
| Capital International Investors 0.73% of their portfolio | 58.3m $3.7bn | Reduced -16.5m |
| BlackRock, Inc. 0.07% of their portfolio | 54.8m $3.5bn | Reduced -545.3k |
| STATE STREET CORP 0.09% of their portfolio | 32.9m $2.1bn | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 31.1m $2.0bn | Added +4.7m |
| Capital World Investors 0.29% of their portfolio | 28.6m $1.8bn | Reduced -16.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 17.3m $1.1bn | Reduced -12.6k |
| Fisher Asset Management, LLC 0.40% of their portfolio | 14.6m $925.7m | Added +287.2k |
| MORGAN STANLEY 0.07% of their portfolio | 14.4m $915.8m | Added +1.2m |
| Dodge & Cox 0.52% of their portfolio | 14.3m $905.9m | Reduced -17.5k |
| Nuveen, LLC 0.20% of their portfolio | 10.2m $649.5m | First filing |
| BROWN ADVISORY INC 0.88% of their portfolio | 9.7m $613.3m | Added +4.4m |
| NORGES BANK 0.08% of their portfolio | 8.7m $549.6m | Added +54.7k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 8.6m $545.3m | Reduced -246.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 7.0m $441.8m | Added +38.2k |
| Fiera Capital Corp 1.54% of their portfolio | 6.7m $425.7m | Reduced -513.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.42% of their portfolio | 6.5m $412.9m | Added +3.4m |
| Bank of New York Mellon Corp 0.07% of their portfolio | 5.5m $346.9m | Reduced -143.7k |
| Invesco Ltd. 0.06% of their portfolio | 5.2m $327.5m | Added +108.1k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 5.0m $318.8m | Added +292.8k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 5.0m $314.9m | Reduced -462.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 4.8m $302.8m | Added +583.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 4.7m $301.0m | Reduced -89.0k |
| PineStone Asset Management Inc. 2.25% of their portfolio | 4.7m $297.9m | Added +492.7k |
| Legal & General Group Plc 0.08% of their portfolio | 4.6m $292.9m | Reduced -37.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.29% of their portfolio | 4.5m $286.1m | Added +857.7k |
| Pictet Asset Management Holding SA 0.32% of their portfolio | 4.5m $285.1m | Reduced -1.6m |
| UBS Group AG 0.06% of their portfolio | 4.4m $276.3m | Added +895.3k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 4.3m $273.8m | Added +1.7m |
| FMR LLC 0.02% of their portfolio | 3.9m $245.8m | Reduced -4.0m |
| C WorldWide Group Holding A/S 2.92% of their portfolio | 3.7m $235.1m | Reduced -74.6k |
| FIDUCIARY MANAGEMENT INC /WI/ 2.25% of their portfolio | 3.7m $232.9m | Added +449.9k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 3.3m $208.1m | Added +341.3k |
| Impax Asset Management Group plc 1.25% of their portfolio | 3.3m $207.0m | Reduced -236.4k |
| Squarepoint Ops LLC 0.50% of their portfolio | 3.2m $203.8m | Added +2.9m |
| Artisan Partners Limited Partnership 0.31% of their portfolio | 3.0m $192.0m | Added +595.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 3.0m $187.7m | Reduced -105.8k |
| Gates Capital Management, Inc. 5.78% of their portfolio | 2.9m $186.3m | Added +4.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 2.7m $168.1m | Added +305.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 2.6m $165.4m | Reduced -58.9k |
| National Pension Service 0.15% of their portfolio | 2.4m $154.3m | Added +262.9k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 2.4m $153.7m | Added +23.9k |
| Amundi 0.05% of their portfolio | 2.3m $140.3m | Reduced -1.4m |
| Swiss National Bank 0.10% of their portfolio | 2.3m $144.4m | Reduced -17.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.11% of their portfolio | 2.2m $138.2m | Reduced -194.8k |
| D. E. Shaw & Co., Inc. 0.15% of their portfolio | 2.0m $127.2m | Added +1.3m |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.9m $119.5m | Added +295.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.9m $118.0m | Reduced -17.7k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 1.9m $117.5m | Added +1.2m |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.8m $117.0m | Added +96.3k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 1.5m $95.6m | Added +623.9k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 1.5m $94.9m | Added +15.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 1.5m $94.0m | Added +116.1k |
| Ensign Peak Advisors, Inc 0.18% of their portfolio | 1.5m $93.4m | Added +159.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 1.5m $92.6m | First filing |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.4m $89.8m | Added +24.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 1.4m $89.0m | Reduced -49.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.4m $87.9m | Added +585.4k |
| Burgundy Asset Management Ltd. 0.90% of their portfolio | 1.4m $86.5m | Reduced -583.8k |
| BARCLAYS PLC 0.04% of their portfolio | 1.4m $86.3m | Reduced -25.8k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.3m $81.5m | Reduced -21.9k |
| DekaBank Deutsche Girozentrale 0.15% of their portfolio | 1.3m $78.9m | Reduced -79.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 1.2m $79.2m | Reduced -9.4k |
| Bristol Gate Capital Partners Inc. 3.72% of their portfolio | 1.2m $76.2m | Added +5.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.2m $76.0m | Reduced -8.0k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.1m $69.9m | Added +275.8k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 1.1m $68.3m | Reduced -1.7k |
| HighTower Advisors, LLC 0.09% of their portfolio | 1.1m $67.6m | Reduced -54.4k |
| Capital International, Inc./CA/ 0.81% of their portfolio | 1.1m $66.8m | Reduced -15.6k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 1.0m $64.3m | Reduced -10.9k |
| SUMMITRY LLC 3.12% of their portfolio | 973.6k $61.7m | Added +442.6k |
| AVIVA PLC 0.14% of their portfolio | 917.5k $58.2m | Added +126.1k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 880.8k $55.8m | Added +102.2k |
| Reynders McVeigh Capital Management, LLC 3.09% of their portfolio | 872.1k $55.3m | Reduced -39.4k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 866.6k $54.9m | New |
| CITIGROUP INC 0.04% of their portfolio | 832.4k $52.8m | Added +279.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 831.5k $52.7m | Reduced -10.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.10% of their portfolio | 824.2k $52.3m | Reduced -5.4k |
| Rockefeller Capital Management L.P. 0.13% of their portfolio | 823.7k $52.2m | Reduced -1.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.31% of their portfolio | 787.5k $49.9m | New |
| ExodusPoint Capital Management, LP 0.65% of their portfolio | 779.5k $49.4m | Added +499.9k |
| CAPITAL INTERNATIONAL SARL 1.08% of their portfolio | 755.5k $47.9m | Reduced -20.8k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 741.2k $47.0m | Added +676.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 723.9k $45.9m | Reduced -12.9k |
| Aberdeen Group plc 0.09% of their portfolio | 717.7k $44.9m | Added +12.3k |
| GREAT LAKES ADVISORS, LLC 0.39% of their portfolio | 686.2k $43.5m | Added +21.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 658.8k $41.8m | Reduced -244.4k |
| LPL Financial LLC 0.02% of their portfolio | 634.5k $40.2m | Added +66.0k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 633.1k $40.1m | Reduced -67.1k |
| Vontobel Holding Ltd. 0.14% of their portfolio | 602.4k $38.2m | Reduced -81.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 583.8k $37.0m | Reduced -64.7k |
| J. Goldman & Co LP 1.30% of their portfolio | 579.7k $36.8m | New |
| Waratah Capital Advisors Ltd. 2.43% of their portfolio | 563.3k $35.7m | Added +32.8k |
| Capital Group Private Client Services, Inc. 0.35% of their portfolio | 560.1k $35.5m | Reduced -353.5k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio | 552.7k $35.0m | Added +75.6k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 545.7k $34.6m | Reduced -476.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% of their portfolio | 539.7k $34.2m | Added +228.5k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 539.2k $34.2m | Reduced -1.0m |
| Formuepleje A/S 1.90% of their portfolio | 526.6k $33.4m | Reduced -455.6k |