What smart money is saying about Deere
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No fund has written a full thesis on Deere in our archive, but 17 fund letters report a position in it — most recently Baillie Gifford Positive Change Strategy in September 2026.
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17
Reported positions
0
Bought
10
Sold
17
Letters
Position history
Between Q4 2025 and Q3 2026, 17 fund letters reported a position in Deere — 10 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 6 | 0 | 6 | 0 |
| Q2 2026 | 8 | 0 | 3 | 0 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 1 | 0 | 0 | 0 |
Fund activity · 17 positions · 10 moves
- September 2026
“The share price has also recovered, and we trimmed the position on strength, reflecting our valuation discipline. We also reduced our holdings in Deere and digital remittances provider Remitly for the same reason.”
Deere - September 2026
“Atkore received a takeover offer at a 30% premium to its share price, while Deere’s strong stock run lifted the agricultural- equipment maker’s valuation above our analyst’s most optimistic estimate.”
Deere - September 2026
“The investments made in the quarter were funded in part by exiting holdings where the balance of growth, valuation, and risk had become less favorable. Electrical-products manufacturer Atkore received a takeover offer at a 30% premium to its share price, while Deere’s strong stock run lifted the agricultural- equipment maker’s valuation above our analyst’s most optimistic estimate.”
Deere - September 2026
“The investments made in the quarter were funded in part by exiting holdings where the balance of growth, valuation, and risk had become less favorable. Electrical-products manufacturer Atkore received a takeover offer at a 30% premium to its share price, while Deere’s strong stock run lifted the agricultural-equipment maker’s valuation above our analyst’s most optimistic estimate.”
Deere - September 2026
“L We eliminated the following position(s) during the period: • Deere • Gartner • Prudential”
Deere - September 2026
“l We eliminated the following position(s) during the period: • ConocoPhillips • Deere • Gartner”
Deere - June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Deere - June 2026
“l We eliminated the following position(s) during the period: • Deere OUTLOOK The market's narrow leadership persisted during the quarter, as investors continued to favor companies perceived to be direct beneficiaries of AI spending.”
Deere - ExitedOakmark Select FundJune 2026
Listed in Oakmark Select Fund’s reported holdings.
Deere - June 2026
“• Caterpillar Inc. 4.0% • AMETEK Inc. 3.7 • Madison Square Garden Sports Corp. 2.6 • Deere & Co. 2.5 • Berkshire Hathaway Inc.”
Deere - June 2026
“Similarly, we trimmed our positions in Old Dominion Freight Line, Deere & Company, and Applied Materials.”
Deere - June 2026
Listed in Parnassus Investments Core Equity Fund’s reported holdings.
Deere - HoldsHomestead Advisers FundsJune 2026
Listed in Homestead Advisers Funds’s reported holdings.
Deere - HoldsHomestead Advisers Value FundJune 2026
Listed in Homestead Advisers Value Fund’s reported holdings.
Deere - March 2026
Listed in HL Global Carbon Transition Equity’s reported holdings.
Deere - March 2026
“l We eliminated the following position(s) during the period: • APA • Baxter • Celanese • Deere”
Deere - December 2025
“Positioning for uncertainty and leaning into technology adopters While equities finished out 2025 with gains, the quarter and full year were marked by considerable periods of volatility. With continued risk of turbulence in the market, we have been tilting the portfolio toward a more defensive positioning while taking offensive positions in areas where our convictions are highest. Within our offensive positioning, we have taken advantage of market volatility to lean into secular trends through investing in AI beneficiaries including hyperscalers, semiconductors and attractive areas of software, which we view as an “anti-bubble” strategy. The portfolio’s largest absolute sector weight continues to be Information Technology, although we reduced our overweight to the Tech sector given the stocks’ outperformance. We added one new position during the quarter, the home- goods retailer Home Depot in Consumer Discretionary. While the company has long been the dominant player in its space, the stock experienced a bout of underperformance in recent periods in a weak housing market. However, we viewed the entry price as fairly attractive in relation to what we consider durable secular trends around aging in place and an eventual housing recovery in the next year and a half. We exited Financials holding Fiserv after the company underwent a change in management and reset its earnings algorithm. We continue to view AI as a generational demand driver, creating a durable need for faster, more powerful and energy-efficient computing. We are also leaning into “adopters” of technology that are poised for U.S. exceptionalism, such as Eli Lilly and Boston Scientific, that continue to innovate to improve patient outcomes. We favor life science tools companies such as Danaher and Thermo Fisher, which provide valuable equipment and services for clinical research. We have high conviction in Deere & Co., which is using precision agriculture to drive better outcomes for farmers.”
Deere
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