Global Equities, Multi-Asset PM, Dantes Outlook

Damanick Dantes, CMT

Global Equities, Multi-Asset PM

Dantes Outlook

We invest over a full market cycle, using multi-asset portfolios tailored to each global client, from individuals to family offices.

Built to Endure

Cross Asset Strategy

<ul>
<li>U.S. small caps, metals and mining stocks, and gold were key detractors within the portfolio suite, offsetting positive allocation effects in our underweight fixed income exposure. </li>
<li>Aggressive portfolios maintained their outperformance YTD driven by strong selections within the equity asset class.</li>
<li>Positioning changes include commodity diversification beyond gold, adding Japanese equities, and maintaining an underweight to bonds.</li>
</ul>


U.S. small caps, metals and mining stocks, and gold were key detractors within the portfolio suite, offsetting positive allocation effects in our underweight fixed income exposure. 
Aggressive portfolios maintained their outperformance YTD driven by strong selections within the equity asset class.
Positioning changes include commodity diversification beyond gold, adding Japanese equities, and maintaining an underweight to bonds.


Portfolio Update: Broader Commodity Positioning, Narrow Equity Leadership

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>AI data centre demand is reshaping Caterpillar, with Power &amp; Energy emerging as the main growth engine as gas genset and turbine orders accelerate across key end markets.</li>
<li>Order backlog reached USD 72 billion, while quarterly revenue crossed USD 20 billion for the first time, highlighting broad-based demand and exceptional order visibility through the end of the decade.</li>
<li>Raised guidance and stronger cash generation support Caterpillar’s outlook, but backlog conversion remains critical as hyperscaler capex concentration increases the risk of a sharper slowdown in hyperscaler spending.</li>
</ul>


AI data centre demand is reshaping Caterpillar, with Power &amp; Energy emerging as the main growth engine as gas genset and turbine orders accelerate across key end markets.
Order backlog reached USD 72 billion, while quarterly revenue crossed USD 20 billion for the first time, highlighting broad-based demand and exceptional order visibility through the end of the decade.
Raised guidance and stronger cash generation support Caterpillar’s outlook, but backlog conversion remains critical as hyperscaler capex concentration increases the risk of a sharper slowdown in hyperscaler spending.


From Bulldozers to Data Centres: Caterpillar’s New Growth Engine

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Caterpillar reported its second quarter of 2026 results with sales and revenues reaching a record $20.5 billion, marking a 24% increase compared to the previous year and the company’s first-ever quarterly revenue above $20 billion.</li><li>This growth was attributed primarily to strong end-market demand across its three main segments: Power & Energy, Construction Industries, and Resource Industries.</li><li>Adjusted profit per share rose significantly by 73% year-over-year to $8.17, supported by a 92% increase in backlog to $72 billion.</li></ul>

Caterpillar reported its second quarter of 2026 results with sales and revenues reaching a record $20.5 billion, marking a 24% increase compared to the previous year and the company’s first-ever quarterly revenue above $20 billion.This growth was attributed primarily to strong end-market demand across its three main segments: Power & Energy, Construction Industries, and Resource Industries.Adjusted profit per share rose significantly by 73% year-over-year to $8.17, supported by a 92% increase in backlog to $72 billion.

Caterpillar’s Record $20.5 Billion Quarter Sparks A Bigger Question About What Comes Next!

CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

Make an Impact

Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

<ul><li>Dividend is a key component of overall returns.</li><li>The strategy seeks to invest in high dividend stocks globally.</li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across countries and industries; and optimised with respect to their expected risks and returns.</li></ul>

Dividend is a key component of overall returns.The strategy seeks to invest in high dividend stocks globally.By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across countries and industries; and optimised with respect to their expected risks and returns.

<ul><li>Caterpillar reported a solid first quarter of 2026, with sales and revenues of $17.4 billion, representing a 22% increase year-over-year, and adjusted profit per share of $5.54, a 30% rise compared to the prior year.</li><li>The company’s backlog reached a record $63 billion, up 79%, supported by robust order activity across its three primary segments: Power and Energy, Construction Industries, and Resource Industries.</li><li>The increase in backlog and orders underpins positive momentum going forward.</li></ul>

Caterpillar reported a solid first quarter of 2026, with sales and revenues of $17.4 billion, representing a 22% increase year-over-year, and adjusted profit per share of $5.54, a 30% rise compared to the prior year.The company’s backlog reached a record $63 billion, up 79%, supported by robust order activity across its three primary segments: Power and Energy, Construction Industries, and Resource Industries.The increase in backlog and orders underpins positive momentum going forward.

Caterpillar: Revenue Up 22% While Operating Margin Sits Near The Bottom Of Target Range!

United States

Caterpillar Inc. designs, manufactures and markets construction, mining and forestry machinery. The Company also manufactures engines  and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.

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Caterpillar Inc (CAT US)

Portfolio Update: Broader Commodity Positioning, Narrow Equity Leadership

Full breakdown of our portfolio suite, performance, and new positioning. We broadened our commodity positioning, added Japan, and maintained a core...

Damanick Dantes, CMT

From Bulldozers to Data Centres: Caterpillar’s New Growth Engine

Caterpillar’s AI exposure is moving beyond the headlines, with data centre demand driving record backlog, stronger earnings and a new growth engine...

Mint Finance

Caterpillar’s Record $20.5 Billion Quarter Sparks A Bigger Question About What Comes Next!

Caterpillar reported its second quarter of 2026 results with sales and revenues reaching a record $20.5 billion, marking a 24% increase compared...

Baptista Research

Global Income Portfolio (14-Sep-2026)

Dividend is a key component of overall returns. The strategy seeks to invest in high dividend stocks globally. By adopting a portfolio of stocks...

Crea8

Caterpillar: Revenue Up 22% While Operating Margin Sits Near The Bottom Of Target Range!

Caterpillar reported a solid first quarter of 2026, with sales and revenues of $17.4 billion, representing a 22% increase year-over-year, and...

Baptista Research

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