What smart money is saying about Carrier Global Corporation
3 funds in our archive have pitched Carrier Global Corporation, most recently Aristotle Value Equity Strategy in September 2026.
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete solutions tailored to the heating, cooling, and ventilation requirements of both residential and commercial clients. Offerings in this area include air conditioning units, heating systems, various control mechanisms, aftermarket components, as well as post-installation repair, maintenance services, and building automation capabilities. The Refrigeration segment focuses on providing transport refrigeration and monitoring products and services. This includes digital solutions for diverse applications such as trucks, trailers, shipping containers, intermodal transport, food retail, and warehouse cooling. Additionally, it offers commercial refrigeration solutions like display cabinets, freezers, integrated systems, and their corresponding controls. The Fire & Security segment delivers a comprehensive suite of technologies for residential, commercial, and industrial environments. This encompasses detection systems for fire, flame, gas, smoke, and carbon monoxide; portable fire extinguishers; advanced fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its service portfolio further extends to auditing, design, installation, system integration, ongoing maintenance, repair, and monitoring services. The company markets its extensive product range under numerous brands, including Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, Supra, Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech. Established in 2019, Carrier Global Corporation maintains its corporate headquarters in Palm Beach Gardens, Florida.
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Fund signal · last 12 months
9 lettersMore funds are buying than selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2025 and Q4 2026, 9 fund letters reported a position in Carrier Global Corporation, with 4 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 1 | 0 | 0 |
| Q3 2026 | 4 | 2 | 1 | 1 |
| Q2 2026 | 3 | 1 | 0 | 0 |
| Q1 2026 | 1 | 0 | 1 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 7 moves
- New positionAcatisOctober 2026
“Carrier Global New addition Carrier Global is one of the world’s leading providers of air conditioning technology and heat pumps (incl.Viessmann), whose global product demand will benefit from the advancing decarbonization of modern building systems in the long term.”
Carrier Global Corporation - September 2026
“We exited Intuit, Carrier Global, Lowe’s, American International Group, and Illumina, where either our conviction had moderated or much of the investment thesis had been realized.”
Carrier Global Corporation - September 2026
“With the sharp rise in interest rates in 3Q26, our holdings with rate-sensitive housing exposure were weak, including Carrier Global, Builders FirstSource, NVR, Martin Marietta Materials and Ferguson.”
Carrier Global Corporation - September 2026
“Two of our holdings declined more than 15% during the third quarter – Carrier Global Corp. (CARR) and GE Aerospace (GE). Carrier Global’s quarterly earnings results were mixed, with strong order growth especially within the commercial HVAC segment, offset in part by operating margin pressure driven by unfavorable mix, higher input costs, and tariff timing. We added to our position during the quarter, as the stock’s valuation is depressed, approaching multi-year lows, at a time when we see several avenues for earnings growth to accelerate in the coming years, particularly within the residential HVAC business.”
Carrier Global Corporation - New positionAristotle Value Equity StrategySeptember 2026
“During the quarter, we sold our position in Oshkosh and purchased Carrier Global.”
Carrier Global Corporation - June 2026
Listed in Artisan Partners Global Opportunities Fund’s reported holdings.
Carrier Global Corporation - New positionLiontrust Global Dividend FundJune 2026
Listed in Liontrust Global Dividend Fund’s reported holdings.
Carrier Global Corporation - New positionLiontrust GF Global Dividend FundJune 2026
Listed in Liontrust GF Global Dividend Fund’s reported holdings.
Carrier Global Corporation - March 2026
“We switched from Carrier Global (CARR) to Trane Technologies (TT).”
Carrier Global Corporation
Also mentioned · 2
These funds discuss Carrier Global Corporation as a competitor, benchmark or comparable, without disclosing a position in it.
- March 2026
“ Monolithic Power Systems, Inc. (MPWR) climbed during the quarter due to strong quarterly results as well as a favorable outlook associated with demand trends. In addition, the stock benefited from several sell-side ratings upgrades and positive earnings revisions from Wall Street analysts following January’s CES conference. Shares of Taiwan Semiconductor Manufacturing Co (TSM), one of the leading global semiconductor fabricators, traded higher during the quarter after the company posted record results in its latest earnings report, including revenue growth of 36% year-over-year and all-time highs in gross and operating margins. The comprehensive earnings beat as well as the company’s robust outlook were driven by healthy AI-related demand, strong pricing, premium node performance, and market leading margins. A leader in fabless semiconductor design for networking, storage and connectivity, Marvell Technology shares rallied late in the quarter following management’s strong outlook and solid earnings report. In addition, at the end of the first quarter NVIDIA announced a $2 billion investment in the company, along with a strategic partnership focused on AI infrastructure, validating Marvell Technology’s role in next-gen AI data centers. A global leader in high-efficiency heating, ventilation and cooling solutions, Carrier Global (CARR) shares rebounded during the first quarter on improving sentiment regarding inventory challenges that weighed on the stock in the latter part of 2025.”
Carrier Global Corporation - MentionedRothshild&Co LongRun Swiss Small MidMarch 2025
“Refrigeration, Air Conditioning & Automotive contributes approximately 20% to sales. In this segment, Inficon supplies handheld and automated leak detectors used for production and maintenance service. Customers include major brands such as Carrier, Samsung, Haier (for refrigeration and air conditioning), and Ford, Daimler, VW (for automotive).”
Carrier Global Corporation
Fund coverage · 3 theses
- Aristotle Value Equity StrategySeptember 2026
Carrier Global is a focused HVAC leader with strong brands, broad technology and geographic reach, and secular demand tailwinds from air-conditioning penetration and electrification.
Read the full thesis - Diamond Hill Mid Cap FundMarch 2026
Carrier Global is a focused HVAC business with market-share gains, margin improvement potential and an attractive discount to intrinsic value.
Read the full thesis - DavenportDecember 2025
Carrier Global Corporation is a leading HVAC provider positioned for secular efficiency and electrification tailwinds, margin expansion, cyclical catalysts, discounted valuation, and insider alignment.
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