Top Superinvestors Are Buying Linde plc (LIN)
Monday, February 23, 2026 · Johnny Hopkins
According to the most recent 13F filings, institutional investors continued to make targeted moves in Linde plc (LIN), reflecting sustained confidence in the global industrial gases leader amid steady end-market demand, strong pricing power, and consistent cash-flow generation.
Several prominent hedge funds and long-term institutional managers increased exposure last quarter, signaling ongoing conviction in Linde’s defensive industrial positioning and structural growth tied to healthcare, clean energy, and advanced manufacturing. Below are the most notable changes from the last quarter:
AQR Capital Management LLC (Cliff Asness)
Shares: 430,971 Change: +248,734 Value: $0.20B
Cliff Asness significantly increased AQR’s position, more than doubling its stake. The move likely reflects strong factor alignment, including profitability, pricing power, and stable industrial demand supporting long-term returns.
Point72 Asset Management, L.P. (Steve Cohen)
Shares: 206,028 Change: +114,474 Value: $0.10B
Steve Cohen materially boosted exposure, suggesting tactical optimism around industrial activity, margin durability, and Linde’s leadership in hydrogen and clean-energy infrastructure.
Gotham Asset Management, LLC (Joel Greenblatt)
Shares: 51,257 Change: +17,829 Value: $0.02B
Joel Greenblatt increased Gotham’s position meaningfully, consistent with a valuation-driven approach favoring companies with strong returns on capital and predictable earnings.
Fisher Asset Management, LLC (Ken Fisher)
Shares: 238,878 Change: +11,472 Value: $0.11B
Ken Fisher added incrementally to an already substantial holding, reinforcing confidence in Linde’s global scale, recurring revenue streams, and resilient industrial demand.
Markel Group Inc. (Tom Gayner)
Shares: 192,850 Change: +6,250 Value: $0.09B
Tom Gayner modestly increased Markel’s stake, consistent with a long-term quality investing philosophy focused on durable competitive advantages and strong free cash flow.
GAMCO Investors, Inc. ET AL (Mario Gabelli)
Shares: 4,488 Change: +257 Value: $0.00B
Mario Gabelli made a small addition, maintaining exposure to a global industrial franchise with steady earnings visibility.
Grantham, Mayo, Van Otterloo & Co. LLC (Jeremy Grantham)
Shares: 2,626 Change: +91 Value: $0.00B
Jeremy Grantham slightly increased GMO’s position, consistent with a preference for high-quality industrial leaders benefiting from structural demand trends.
Overall Takeaway
Taken together, these moves highlight continued institutional confidence in Linde plc as a high-quality industrial compounder. Strong pricing power, global scale, recurring contracts, and exposure to long-term growth themes such as clean energy and healthcare gases continue to support its appeal among sophisticated investors seeking both stability and steady capital appreciation.