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 ($140.6m this quarter). Holder counts are more reliable. Shares outstanding: 851.0m as of 2025-07-15, 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 ≈ $73.01. Options: 32 managers hold calls ($262.5m notional), 36 hold puts ($450.0m).
Trends to Q2 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 |
| Q2 2025 | 1,587 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 688 | 668 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $725.1m | $703.9m | 0.97 |
| Q4 2024 | $404.4m | $531.7m | 1.31 |
| Q1 2025 | $274.7m | $128.6m | 0.47 |
| Q2 2025 | $262.5m | $450.0m | 1.71 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +7.4m |
| ROYAL BANK OF CANADA | Added | +4.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +3.4m |
| JANE STREET GROUP, LLC | Added | +2.5m |
| Artisan Partners Limited Partnership | Added | +1.9m |
| Qube Research & Technologies Ltd | Added | +1.8m |
| Soundwatch Capital LLC | New | +1.5m |
| Nuveen, LLC | Added | +1.3m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +930.9k |
Biggest sellers
| Capital Research Global Investors | Reduced | -5.1m |
| Capital International Investors | Reduced | -4.0m |
| Squarepoint Ops LLC | Reduced | -2.6m |
| Dodge & Cox | Reduced | -1.5m |
| UBS Group AG | Reduced | -1.5m |
| NORGES BANK | Reduced | -1.5m |
| D. E. Shaw & Co., Inc. | Reduced | -1.5m |
| Invesco Ltd. | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -1.3m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
Biggest calls
| BARCLAYS PLC | Reduced | $63.4m866.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $39.8m543.6k shares |
| CITADEL ADVISORS LLC | Reduced | $20.7m283.0k shares |
| Twin Tree Management, LP | Added | $19.1m260.8k shares |
| JANE STREET GROUP, LLC | Added | $12.8m175.1k shares |
| IMC-Chicago, LLC | Added | $12.4m170.1k shares |
| PEAK6 LLC | Reduced | $11.9m163.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $8.5m115.5k shares |
| Squarepoint Ops LLC | Reduced | $7.1m97.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.1m96.8k shares |
Biggest puts
| BARCLAYS PLC | New | $115.8m1.6m shares |
| Gates Capital Management, Inc. | New | $91.5m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $45.7m624.7k shares |
| Twin Tree Management, LP | Added | $42.8m584.4k shares |
| BANK OF AMERICA CORP /DE/ | Added | $25.8m353.1k shares |
| JANE STREET GROUP, LLC | Added | $22.8m311.3k shares |
| PEAK6 LLC | Added | $21.0m287.2k shares |
| CITADEL ADVISORS LLC | Added | $19.2m262.1k shares |
| Walleye Trading LLC | Added | $7.8m106.4k shares |
| HSBC HOLDINGS PLC | Reduced | $7.2m98.7k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 0 | — | 1 | $300.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-05 | Viessmann Maximilian Director · See Footnote | Sold | $300.0m4.3m 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 93.4m $6.8bn | Added +450.6k |
| Capital Research Global Investors 1.10% of their portfolio | 75.2m $5.5bn | Reduced -5.1m |
| Capital International Investors 0.69% of their portfolio | 54.4m $4.0bn | Reduced -4.0m |
| BlackRock, Inc. 0.08% of their portfolio | 53.7m $3.9bn | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.19% of their portfolio | 38.5m $2.8bn | Added +7.4m |
| STATE STREET CORP 0.09% of their portfolio | 32.9m $2.4bn | Added +40.1k |
| Capital World Investors 0.31% of their portfolio | 28.8m $2.1bn | Added +260.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 17.2m $1.3bn | Reduced -168.5k |
| Fisher Asset Management, LLC 0.44% of their portfolio | 15.0m $1.1bn | Added +448.1k |
| MORGAN STANLEY 0.06% of their portfolio | 13.1m $962.2m | Reduced -1.3m |
| Dodge & Cox 0.53% of their portfolio | 12.8m $935.1m | Reduced -1.5m |
| Nuveen, LLC 0.23% of their portfolio | 11.6m $848.1m | Added +1.3m |
| BROWN ADVISORY INC 0.99% of their portfolio | 10.3m $752.5m | Added +607.9k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 8.4m $617.1m | Reduced -169.4k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 8.0m $582.8m | Added +4.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 7.9m $578.1m | Added +930.9k |
| NORGES BANK 0.07% of their portfolio | 7.2m $524.9m | Reduced -1.5m |
| Fiera Capital Corp 1.69% of their portfolio | 6.8m $497.7m | Added +86.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.41% of their portfolio | 6.6m $486.5m | Added +134.8k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 6.3m $460.7m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 5.5m $400.0m | Added +436.1k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 5.3m $388.5m | Added +532.8k |
| PineStone Asset Management Inc. 2.51% of their portfolio | 5.3m $387.9m | Added +602.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 5.2m $381.7m | Reduced -257.5k |
| Artisan Partners Limited Partnership 0.54% of their portfolio | 5.0m $362.5m | Added +1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 4.7m $345.5m | Reduced -28.0k |
| Legal & General Group Plc 0.08% of their portfolio | 4.7m $341.8m | Added +50.4k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 4.6m $337.7m | Added +295.6k |
| Pictet Asset Management Holding SA 0.29% of their portfolio | 4.0m $289.7m | Reduced -538.7k |
| Invesco Ltd. 0.05% of their portfolio | 3.8m $280.8m | Reduced -1.3m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.27% of their portfolio | 3.6m $265.2m | Added +3.4m |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 3.6m $261.7m | Reduced -937.6k |
| FIDUCIARY MANAGEMENT INC /WI/ 2.46% of their portfolio | 3.5m $256.1m | Reduced -174.6k |
| FMR LLC 0.01% of their portfolio | 3.4m $245.9m | Reduced -517.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 3.2m $231.7m | Added +204.2k |
| C WorldWide Group Holding A/S 3.12% of their portfolio | 3.2m $230.6m | Reduced -556.7k |
| Gates Capital Management, Inc. 6.46% of their portfolio | 2.9m $214.3m | Reduced -10.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 2.9m $209.7m | Added +214.0k |
| UBS Group AG 0.04% of their portfolio | 2.8m $208.4m | Reduced -1.5m |
| Impax Asset Management Group plc 1.13% of their portfolio | 2.7m $196.9m | Reduced -575.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.15% of their portfolio | 2.7m $195.0m | Added +484.2k |
| Qube Research & Technologies Ltd 0.27% of their portfolio | 2.6m $193.0m | Added +1.8m |
| National Pension Service 0.17% of their portfolio | 2.6m $191.8m | Added +187.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 2.5m $186.5m | Reduced -60.4k |
| JANE STREET GROUP, LLC 0.30% of their portfolio | 2.5m $184.6m | Added +2.5m |
| Swiss National Bank 0.10% of their portfolio | 2.4m $172.3m | Added +76.4k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 2.1m $157.0m | Reduced -278.9k |
| BARCLAYS PLC 0.06% of their portfolio | 2.0m $148.3m | Added +664.5k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 2.0m $145.1m | Added +135.9k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 2.0m $144.2m | Added +85.4k |
| Amundi 0.05% of their portfolio | 1.9m $139.7m | Reduced -453.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.8m $134.9m | Reduced -17.7k |
| SEI INVESTMENTS CO 0.15% of their portfolio | 1.8m $132.3m | Added +706.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 1.6m $113.6m | Added +68.8k |
| Soundwatch Capital LLC 0.25% of their portfolio | 1.5m $1.5m | New |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 1.5m $106.8m | Reduced -36.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 1.4m $99.1m | Reduced -50.1k |
| Ensign Peak Advisors, Inc 0.17% of their portfolio | 1.4m $98.8m | Reduced -123.3k |
| Burgundy Asset Management Ltd. 0.96% of their portfolio | 1.3m $98.7m | Reduced -16.1k |
| DekaBank Deutsche Girozentrale 0.18% of their portfolio | 1.3m $98.6m | Added +79.9k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.3m $97.5m | Added +46.1k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.3m $97.4m | Reduced -90.0k |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 1.3m $95.3m | Added +864.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.3m $93.4m | Added +77.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 1.2m $91.2m | Reduced -3.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.2m $87.0m | Reduced -197.7k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 1.2m $85.2m | Added +86.7k |
| Capital International, Inc./CA/ 0.79% of their portfolio | 1.1m $81.6m | Added +61.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 1.1m $81.5m | Reduced -347.2k |
| Rockefeller Capital Management L.P. 0.09% of their portfolio | 1.1m $80.6m | Added +275.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 1.1m $80.4m | Added +926.9k |
| HighTower Advisors, LLC 0.10% of their portfolio | 1.1m $78.4m | Added +5.6k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.0m $73.7m | Reduced -501.0k |
| SUMMITRY LLC 3.28% of their portfolio | 991.2k $72.5m | Added +17.6k |
| PNC Financial Services Group, Inc. 0.05% of their portfolio | 980.4k $71.8m | Reduced -33.1k |
| Bristol Gate Capital Partners Inc. 4.06% of their portfolio | 975.7k $71.4m | Reduced -225.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.13% of their portfolio | 968.0k $70.8m | Added +143.8k |
| NICHOLAS COMPANY, INC. 1.13% of their portfolio | 922.2k $67.5m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.33% of their portfolio | 904.0k $66.2m | Added +116.5k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 879.3k $64.3m | Reduced -1.5k |
| Clark Capital Management Group, Inc. 0.44% of their portfolio | 873.0k $63.9m | New |
| Reynders McVeigh Capital Management, LLC 3.14% of their portfolio | 860.7k $63.0m | Reduced -11.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.11% of their portfolio | 810.6k $59.3m | Reduced -21.0k |
| CAPITAL INTERNATIONAL SARL 1.11% of their portfolio | 792.3k $58.0m | Added +36.8k |
| Aberdeen Group plc 0.09% of their portfolio | 759.4k $55.6m | Added +41.7k |
| LPL Financial LLC 0.02% of their portfolio | 721.2k $52.8m | Added +86.7k |
| CITIGROUP INC 0.04% of their portfolio | 720.3k $52.7m | Reduced -112.1k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 701.2k $51.3m | Added +251.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 690.8k $50.6m | Reduced -33.0k |
| GREAT LAKES ADVISORS, LLC 0.42% of their portfolio | 688.7k $50.4m | Added +2.5k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 651.9k $47.7m | Reduced -1.2m |
| AVIVA PLC 0.09% of their portfolio | 618.1k $45.2m | Reduced -299.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio | 593.1k $44.9m | Added +40.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 583.5k $42.7m | Reduced -309 |
| Squarepoint Ops LLC 0.09% of their portfolio | 577.0k $42.2m | Reduced -2.6m |
| Vident Advisory, LLC 0.46% of their portfolio | 562.3k $41.2m | Added +308.1k |
| Capital Group Private Client Services, Inc. 0.35% of their portfolio | 545.5k $39.9m | Reduced -14.6k |
| ExodusPoint Capital Management, LP 0.49% of their portfolio | 544.9k $39.9m | Reduced -234.6k |
| Korea Investment CORP 0.09% of their portfolio | 533.2k $39.0m | Added +151.2k |
| iA Global Asset Management Inc. 0.58% of their portfolio | 531.0k $38.9m | Added +45.0k |