Schonfeld Strategic Advisors 13F: Cuts CARR Stake by $91M
Schonfeld Strategic Advisors reduced its stake in Carrier Global Corporation by 82.2%, selling off over 1.2 million shares during the period.
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Schonfeld Strategic Advisors sold 1,233,883 shares from its stake in Carrier Global Corporation ($CARR), an 82.16% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 267,972 shares worth $19.66 million at the end of the quarter.
Since the filing, $CARR is down 2.4% after 1 week, up 10.0% after 1 month and down 14.7% to date (from the $64.44 close on May 15, 2026).
Find the original: Schonfeld Strategic Advisors 13F filings on SEC EDGAR
CARR
Carrier Global Corporation
Key Points
- Schonfeld Strategic Advisors cut its holdings in Carrier Global Corporation (NYSE:CARR) by an 82.2% margin, trimming 1,233,883 shares from its portfolio.
- The fund finished the period with 267,972 shares of the heating and cooling systems maker, carrying a reported value of about $19.66 million.
- Carrier Global shares trade near $73.35, with a forward P/E ratio of 16.62 and upcoming earnings scheduled for late October 2026.
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Schonfeld Trims Carrier Global Holdings
Schonfeld Strategic Advisors pared down its investment in Carrier Global Corporation (NYSE:CARR), according to a Form 13F filing with the SEC covering holdings as of May 15, 2026. The fund cut its position by an 82.2% margin, shedding 1,233,883 shares during the period. Because 13F filings look backward, this report reflects the portfolio state at that time and may not represent current holdings.
Trimming the Stake to 267,972 Shares
Before the reduction, Schonfeld held 1,501,855 shares of the building products and equipment company. The fund sold the bulk of that position, leaving it with 267,972 shares. Based on reporting period valuations, the remaining stake carried a value of roughly $19.66 million.
Carrier Global Stock Sits Near Recent Levels
Carrier Global shares trade around $73.35, hovering below its 52-week high of $76.76 and well above its 52-week low of $50.24. The stock carries a forward P/E ratio of 16.62, while its trailing P/E ratio stands at 39.83. The company has a beta of 1.29, pointing to slightly higher volatility than the broader market.
Recent Earnings and Financial Health
For its most recent reported period, Carrier Global posted revenue of $22.11 billion with a revenue growth rate of 3.9%. The company generated earnings of $1.38 per share, backed by a net margin of 5.52% and a return on equity of 8.90%. The firm's next quarterly financial results are scheduled for release on October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 9.8%. Revenue beat estimates by 4.6%.
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Profit surprise
EBITDA missed by 25 percent. Operating income missed by 48 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin down 4.4 points. Operating margin down 6.3 points. Positive free cash flow.
Earnings Call Summary
Carrier delivered a strong first quarter with 5.3 billion in sales and 0.57 earnings per share, beating expectations. Orders surged 11 percent overall with commercial up 35 percent and data center orders up more than 500 percent. The team expects data center sales this year to hit 1.5 billion dollars, with their backlog already covering that target. Residential improved better than expected with dealer inventory down 35 percent and healthy field levels, though macro uncertainty with high mortgage rates and fuel prices remains a concern. They are pushing pricing to offset tariff and input cost pressures and remain confident in delivering their sixth consecutive year of double-digit aftermarket growth.
Guidance Carrier reaffirmed its full year sales target of about 22 billion dollars with flat to low single-digit growth. They expect to offset new tariff and input cost pressures through supply chain actions, cost cuts, and about 2 percent more pricing through the year. Data center sales are on track for 1.5 billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Analysts Set New Price Targets
Wall Street analysts continue to adjust their outlooks on the stock ahead of upcoming reports. On October 15, 2026, Mizuho maintained an Outperform rating while lowering its price target to $70 from $75. A day earlier, Goldman Sachs downgraded the stock to Neutral with a $61 target, down from $74. RBC Capital also maintained its Outperform rating on October 14, 2026, adjusting its price target to $72 from $82.
Inside Carrier Global Corporation
Carrier Global provides intelligent climate and energy solutions for residential and commercial customers across the globe. Its portfolio includes air conditioners, heating systems, heat pumps, automation equipment, and transport refrigeration products sold under well-known names like Carrier, Viessmann, and Toshiba. Headquartered in Palm Beach Gardens, Florida, the company employs roughly 47,000 people.
What to Watch at Carrier Global Corporation
Investors will look toward the company's next earnings report on October 29, 2026, for fresh updates on revenue and profit margins. Institutional holdings will continue to shift as funds file newer quarterly disclosures with regulators.
Related Filing Alerts
Source: Schonfeld Strategic Advisors's 13F filing on $CARR (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Schonfeld Strategic Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts