What smart money is saying about Carpenter Technology
4 funds in our archive have pitched Carpenter Technology — most recently AMG TimesSquare Mid Cap Growth Fund in September 2026.
Carpenter Technology Corporation is a global leader in the production and supply of high-performance metallic materials, serving markets across the United States, Europe, Asia Pacific, Mexico, and Canada. The company's operations are structured into two primary divisions: Specialty Alloys Operations and Performance Engineered Products. Its diverse product portfolio encompasses advanced alloys like titanium, stainless, alloy, and tool steels, alongside various powder metals, additives, and custom-fabricated metal components. These specialized materials are critical to numerous industries, including aerospace, defense, medical devices, transportation, energy generation, general manufacturing, and consumer goods. Established in 1889, Carpenter Technology maintains its corporate headquarters in Philadelphia, Pennsylvania.
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Position history
Between Q3 2025 and Q3 2026, 11 fund letters reported a position in Carpenter Technology, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 7 | 1 | 0 | 3 |
| Q2 2026 | 1 | 0 | 1 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 1 | 0 | 0 | 1 |
| Q3 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 12 positions · 3 moves
- September 2026
“Carpenter Technology entered the quarter after a substantial multiyear advance, with a valuation that assumed high expectations for aerospace demand and margin expansion.”
Carpenter Technology - September 2026
“Carpenter Technology Corp. Manufactures engineered metals primarily for aerospace, with some for medical devices & other specialty markets 2.41”
Carpenter Technology - September 2026
“Carpenter Technology Return: −37% · Average Weight: 3% · Active Contribution: −131 bps CRS manufactures engineered metals primarily for aerospace, with some for medical devices and other specialty markets. CRS reported a record quarter and guided higher operating income for the coming year, a target management called a floor.”
Carpenter Technology - September 2026
“Carpenter Technology Return: -37% · Avg. Weight: 7% · Total Effect: -252 bps”
Carpenter Technology - September 2026
“Carpenter Technology Return: -37% · Avg. Weight: 3% · Total Effect: -82 bps CRS manufactures engineered metals primarily for aerospace, with some for medical devices and other specialty markets. CRS reported a record quarter and guided higher operating income for the coming year, a target management called a floor. Sadly, this quarter also brought the sudden death of its newly appointed CEO, with the former CEO returning and succession unresolved. Shares then fell in sympathy with aerospace castings suppliers after large industry participants announced moves into castings, even though CRS sells specialty alloys to casting companies rather than competing against them.”
Carpenter Technology - September 2026
“Later in the quarter, share-price declines improved the prospective returns of selected holdings, prompting us to add to high-conviction positions such as Carpenter Technology and FTAI Aviation.”
Carpenter Technology - September 2026
“Convenience store chain Casey’s General Stores (CASY) was the largest underperformer, followed by specialty alloys manufacturer Carpenter Technology (CRS) and semiconductor equipment maker Nova (NVMI).”
Carpenter Technology - HoldsNext century growth investor Growth StrategiesSeptember 2026
“ Top 3 detractors to absolute performance: ALHC, CRS, UCTT”
Carpenter Technology - June 2026
“As noted above, Direct AI beneficiaries and a few other stocks in the portfolio rose sharply and in a number of instances prices raced ahead of fundamentals compressing future expected returns. We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely, and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).”
116 more words on why — unlock Granahan Investment Management Focused Growth Strategy’s full commentCarpenter Technology - March 2026
“We trimmed the position on strength. Carpenter Technology Corp. manufactures, fabricates, and distributes specialty metals.”
Carpenter Technology - December 2025
“The most significant detractors from the Portfolio’s relative performance in the quarter were Oddity Tech, Carpenter Technology, and TransMedics Group.”
Carpenter Technology - September 2025
“Carpenter Technology Corp. manufactures, fabricates, and distributes specialty metals. Its fiscal fourth quarter results were mixed. Revenues came in lighter than the Street, lower taxes aided earnings, while operating margins held steady. The combination of a solid market position and a robust order backlog prompted us to add our position, which was down -11% for the quarter.”
Carpenter Technology
Also mentioned · 2
These funds discuss Carpenter Technology — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedTimesSquare U.S. Mid Cap GrowthJune 2026
“Carpenter Technology Corp. manufactures, fabricates, and distributes specialty metals.”
Carpenter Technology - March 2026
“Carpenter Technology Corp. manufactures, fabricates, and distributes specialty metals.”
Carpenter Technology
Fund coverage · 4 theses
- AMG TimesSquare Mid Cap Growth FundSeptember 2026
Carpenter Technology makes engineered metals for aerospace and specialty markets, with record results, higher guided operating income, and a resilient specialty-alloy position.
Read the full thesis - TimesSquare U.S. Focused Mid Cap GrowthSeptember 2026
Carpenter Technology manufactures engineered metals for aerospace and specialty markets and had record results with higher guided operating income.
Read the full thesis - Argent Capital Management SMID Cap StrategySeptember 2026
Carpenter Technology serves aerospace demand, but the stock fell as valuation compressed despite record operating income and rising estimates.
Read the full thesis - Sands Capital Select GrowthDecember 2025
Carpenter Technology Corporation supplies specialty nickel alloys in a high-barrier industry with improving pricing power and persistent supply-demand tightness.
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