Cliff Asness's CAT Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 286,509 shares of Caterpillar Inc. (CAT) worth $164.13 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CAT, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2019, adding 735,800 shares. Largest reduction occurred in Q3 2018, reducing 1.27 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Caterpillar (CAT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Caterpillar (CAT) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +40,109 | Add 16.28% | 286,509 | $572.87 |
| Q3 2025 | +142,443 | Add 137.02% | 246,400 | $474.28 |
| Q2 2025 | +21,979 | Add 26.81% | 103,957 | $386.63 |
| Q1 2025 | -6,767 | Reduce 7.63% | 81,978 | $324.86 |
| Q4 2024 | -39,591 | Reduce 30.85% | 88,745 | $362.76 |
| Q3 2024 | -127,269 | Reduce 49.79% | 128,336 | $389.47 |
| Q2 2024 | +71,788 | Add 39.05% | 255,605 | $332.45 |
| Q1 2024 | -123,274 | Reduce 40.14% | 183,817 | $365.57 |
| Q4 2023 | -75,238 | Reduce 19.68% | 307,091 | $295.67 |
| Q3 2023 | +62,020 | Add 19.36% | 382,329 | $273.00 |
| Q2 2023 | -107,084 | Reduce 25.06% | 320,309 | $245.68 |
| Q1 2023 | +150,580 | Add 54.40% | 427,393 | $226.66 |
| Q4 2022 | +20,662 | Add 8.07% | 276,813 | $238.79 |
| Q3 2022 | +40,799 | Add 18.95% | 256,151 | $164.08 |
| Q2 2022 | -68,078 | Reduce 24.02% | 215,352 | $177.28 |
| Q1 2022 | +1,644 | Add 0.58% | 283,430 | $222.82 |
| Q4 2021 | -99,088 | Reduce 26.02% | 281,786 | $206.22 |
| Q3 2021 | +63,822 | Add 20.13% | 380,874 | $191.97 |
| Q2 2021 | +60,542 | Add 23.60% | 317,052 | $215.00 |
| Q1 2021 | +14,503 | Add 5.99% | 256,510 | $231.87 |
| Q4 2020 | -98,056 | Reduce 28.83% | 242,007 | $180.08 |
| Q3 2020 | -119,210 | Reduce 25.96% | 340,063 | $149.15 |
| Q2 2020 | +30,824 | Add 7.19% | 459,273 | $124.42 |
| Q1 2020 | -164,808 | Reduce 27.78% | 428,449 | $116.04 |
| Q4 2019 | -316,168 | Reduce 34.77% | 593,257 | $147.68 |
| Q3 2019 | -111,687 | Reduce 10.94% | 909,425 | $126.31 |
| Q2 2019 | +735,800 | Add 257.89% | 1.02 M | $136.29 |
| Q1 2019 | +161,262 | Add 130.00% | 285,312 | $135.49 |
| Q4 2018 | -52,906 | Reduce 29.90% | 124,050 | $127.07 |
| Q3 2018 | -1.27 M | Reduce 87.78% | 176,956 | $152.49 |
| Q2 2018 | +295,227 | Add 25.62% | 1.45 M | $135.67 |
| Q1 2018 | +103,869 | Add 9.91% | 1.15 M | $147.38 |
| Q4 2017 | +310,528 | Add 42.07% | 1.05 M | $157.58 |
| Q3 2017 | +381,682 | Add 107.10% | 738,067 | $124.71 |
| Q2 2017 | +276,238 | Add 344.66% | 356,385 | $107.46 |
| Q1 2017 | -899 | Reduce 1.11% | 80,147 | $92.75 |
| Q4 2016 | +77,746 | Add 2355.94% | 81,046 | $92.74 |
| Q3 2016 | +3,300 | New Buy | 3,300 | $88.79 |
| Q2 2016 | -105,884 | Sold Out | 0 | $0.00 |
| Q1 2016 | -14,209 | Reduce 11.83% | 105,884 | $76.54 |
| Q4 2015 | -36,478 | Reduce 23.30% | 120,093 | $67.96 |
| Q3 2015 | +98,884 | Add 171.41% | 156,571 | $65.36 |
| Q2 2015 | -62,155 | Reduce 51.86% | 57,687 | $84.82 |
| Q1 2015 | -117,232 | Reduce 49.45% | 119,842 | $80.03 |
| Q4 2014 | +150,626 | Add 174.24% | 237,074 | $91.53 |
| Q3 2014 | +81,048 | Add 1500.89% | 86,448 | $99.03 |
| Q2 2014 | -11,700 | Reduce 68.42% | 5,400 | $108.70 |
| Q1 2014 | +8,600 | Add 101.18% | 17,100 | $99.36 |
| Q4 2013 | -19,448 | Reduce 69.59% | 8,500 | $90.82 |
| Q3 2013 | +27,948 | New Buy | 27,948 | $83.37 |
| Q4 2012 | +33,000 | Add 0.00% | 33,000 | $89.58 |
Cliff Asness's Caterpillar Investment FAQs
Cliff Asness first purchased Caterpillar Inc. (CAT) in Q4 2012, acquiring 33,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Caterpillar Inc. (CAT) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Caterpillar Inc. (CAT) was in Q2 2019, adding 1,021,112 shares worth $139.17 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 286,509 shares of Caterpillar Inc. (CAT), valued at approximately $164.13 M.
As of the Q4 2025 filing, Caterpillar Inc. (CAT) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Caterpillar Inc. (CAT) was 1,447,691 shares, as reported at the end of Q2 2018.