Ray Dalio's CAT Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 62,157 shares of Caterpillar Inc. (CAT) worth $35.61 M, representing 0.13% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 31 quarters.
Based on 13F filings, Ray Dalio has maintained a strategic position in CAT, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2022, adding 175,187 shares. Largest reduction occurred in Q3 2018, reducing 150,203 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Caterpillar (CAT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Caterpillar (CAT) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2014 | +92,287 | New Buy | 92,287 | $91.53 |
| Q1 2015 | -92,287 | Sold Out | 0 | $0.00 |
| Q2 2016 | +3,700 | New Buy | 3,700 | $75.68 |
| Q3 2016 | -3,700 | Sold Out | 0 | $0.00 |
| Q3 2017 | +48,251 | New Buy | 48,251 | $124.70 |
| Q4 2017 | -17,888 | Reduce 37.07% | 30,363 | $157.59 |
| Q1 2018 | +29,794 | Add 98.13% | 60,157 | $147.38 |
| Q2 2018 | +153,350 | Add 254.92% | 213,507 | $135.67 |
| Q3 2018 | -150,203 | Reduce 70.35% | 63,304 | $152.49 |
| Q4 2018 | +18,592 | Add 29.37% | 81,896 | $127.08 |
| Q1 2019 | -52,776 | Reduce 64.44% | 29,120 | $135.47 |
| Q2 2019 | -29,120 | Sold Out | 0 | $0.00 |
| Q3 2019 | +13,704 | New Buy | 13,704 | $126.31 |
| Q4 2019 | -44 | Reduce 0.32% | 13,660 | $147.66 |
| Q1 2020 | -13,660 | Sold Out | 0 | $0.00 |
| Q3 2020 | +24,482 | New Buy | 24,482 | $149.13 |
| Q4 2020 | +10,539 | Add 43.05% | 35,021 | $182.03 |
| Q1 2021 | -35,021 | Sold Out | 0 | $0.00 |
| Q2 2021 | +86,402 | New Buy | 86,402 | $217.63 |
| Q3 2021 | -86,402 | Sold Out | 0 | $0.00 |
| Q1 2022 | +175,187 | New Buy | 175,187 | $222.82 |
| Q2 2022 | +60,535 | Add 34.55% | 235,722 | $178.76 |
| Q3 2022 | -125,101 | Reduce 53.07% | 110,621 | $164.08 |
| Q4 2022 | -110,621 | Sold Out | 0 | $0.00 |
| Q2 2023 | +15,761 | New Buy | 15,761 | $246.05 |
| Q3 2023 | -15,761 | Sold Out | 0 | $0.00 |
| Q4 2023 | +5,997 | New Buy | 5,997 | $295.67 |
| Q1 2024 | -5,997 | Sold Out | 0 | $0.00 |
| Q2 2024 | +2,045 | New Buy | 2,045 | $333.10 |
| Q3 2024 | -2,045 | Sold Out | 0 | $0.00 |
| Q4 2025 | +62,157 | New Buy | 62,157 | $572.87 |
Ray Dalio's Caterpillar Investment FAQs
Ray Dalio first purchased Caterpillar Inc. (CAT) in Q4 2014, acquiring 92,287 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Caterpillar Inc. (CAT) for 31 quarters since Q4 2014.
Ray Dalio's largest addition to Caterpillar Inc. (CAT) was in Q1 2022, adding 175,187 shares worth $39.04 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 62,157 shares of Caterpillar Inc. (CAT), valued at approximately $35.61 M.
As of the Q4 2025 filing, Caterpillar Inc. (CAT) represents approximately 0.13% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Caterpillar Inc. (CAT) was 235,722 shares, as reported at the end of Q2 2022.