What smart money is saying about Otis
3 funds in our archive have pitched Otis, most recently ClearBridge Investments Dividend Strategy in June 2026.
Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.
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Fund signal · last 12 months
5 lettersFunds are split between buying and 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 2024 and Q3 2026, 5 fund letters reported a position in Otis, with 3 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 0 |
| Q2 2026 | 4 | 2 | 2 | 2 |
| Q4 2024 | 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 · 5 positions · 5 moves
- September 2026
“Portfolio Positioning With the market obsessively focused on AI, we see compelling opportunities in overlooked areas, including financials, industrials, communications services and energy infrastructure. Financials is our largest sector exposure; with the sector a strong contributor in the quarter we trimmed Travelers, Visa and JPMorgan Chase to harvest some gains while maintaining meaningful positions. In industrials, we exited aerospace manufacturer and defense contractor RTX also on strong performance, and as we believe its elevated valuation now discounts future good news, as well as Honeywell International. We added to other, higher-conviction, industrials positions: Honeywell Aerospace, recently spun off from Honeywell International and trading at a more attractive valuation, and Otis, an elevator and escalator maker whose high-margin service business generates sticky, defensive cash flows and some inflation protection.”
Otis - ExitedFundsmith Equity FundJune 2026
“We exited or have started exiting: Atlas Copco, Coloplast, Essilor Luxottica, Intuit, LVMH, Magnum Ice Cream, Mettler-Toledo, Nike, Novo Nordisk, Otis, Unilever, Wolters Kluwer, and Zoetis.”
Otis - New positionClearBridge Investments Dividend StrategyJune 2026
“With investors myopically focused on AI, we are finding terrific opportunities in other areas of the market. Indeed, our outlook for the portfolio is the most constructive it has been in years. We recently built significant positions in ADP, Blackstone, Marsh & McLennan and Otis and added materially to positions in Apollo, Haleon and Unilever.”
Otis - June 2026
“Exited: Otis (OTIS) – Sold OTIS due to its small position size and to fund higher conviction opportunities.”
Otis - New positionBell Global Emerging Companies FundApril 2026
“Another position initiated during the month was Otis Worldwide, the global leader in elevators and escalators, with more than 80% of EBIT generated from its recurring service and maintenance operations.”
Otis
Fund coverage · 3 theses
Otis is described as a high-quality business with strong economics purchased at a compelling valuation.
Read the full thesis- Bell Global Emerging Companies FundApril 2026
Otis Worldwide is a global elevator leader with a highly recurring service business, improving growth prospects and attractive valuation.
Read the full thesis - Artemis Global Select FundDecember 2024
Otis is a dominant player in the elevator and escalator market, with strong recurring revenues from servicing contracts that overshadow the minor impact of slowing new equipment sales in China.
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