Cliff Asness's CAT Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 246,400 shares of Caterpillar Inc. (CAT) worth $116.86 M, representing 0.07% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +33,001 | Add 0.00% | 33,000 | $89.58 |
| Q3 2013 | +27,948 | New Buy | 27,948 | $83.37 |
| Q4 2013 | -19,448 | Reduce 69.59% | 8,500 | $90.82 |
| Q1 2014 | +8,600 | Add 101.18% | 17,100 | $99.36 |
| Q2 2014 | -11,700 | Reduce 68.42% | 5,400 | $108.70 |
| Q3 2014 | +81,048 | Add 1500.89% | 86,448 | $99.03 |
| Q4 2014 | +150,626 | Add 174.24% | 237,074 | $91.53 |
| Q1 2015 | -117,232 | Reduce 49.45% | 119,842 | $80.03 |
| Q2 2015 | -62,155 | Reduce 51.86% | 57,687 | $84.82 |
| Q3 2015 | +98,884 | Add 171.41% | 156,571 | $65.36 |
| Q4 2015 | -36,478 | Reduce 23.30% | 120,093 | $67.96 |
| Q1 2016 | -14,209 | Reduce 11.83% | 105,884 | $76.54 |
| Q2 2016 | -105,884 | Sold Out | 105,884 | $0.00 |
| Q3 2016 | +3,300 | New Buy | 3,300 | $88.79 |
| Q4 2016 | +77,746 | Add 2355.94% | 81,046 | $92.74 |
| Q1 2017 | -899 | Reduce 1.11% | 80,147 | $92.75 |
| Q2 2017 | +276,238 | Add 344.66% | 356,385 | $107.46 |
| Q3 2017 | +381,682 | Add 107.10% | 738,067 | $124.71 |
| Q4 2017 | +310,528 | Add 42.07% | 1.05 M | $157.58 |
| Q1 2018 | +103,869 | Add 9.91% | 1.15 M | $147.38 |
| Q2 2018 | +295,227 | Add 25.62% | 1.45 M | $135.67 |
| Q3 2018 | -1.27 M | Reduce 87.78% | 176,956 | $152.49 |
| Q4 2018 | -52,906 | Reduce 29.90% | 124,050 | $127.07 |
| Q1 2019 | +161,262 | Add 130.00% | 285,312 | $135.49 |
| Q2 2019 | +735,800 | Add 257.89% | 1.02 M | $136.29 |
| Q3 2019 | -111,687 | Reduce 10.94% | 909,425 | $126.31 |
| Q4 2019 | -316,168 | Reduce 34.77% | 593,257 | $147.68 |
| Q1 2020 | -164,808 | Reduce 27.78% | 428,449 | $116.04 |
| Q2 2020 | +30,824 | Add 7.19% | 459,273 | $124.42 |
| Q3 2020 | -119,210 | Reduce 25.96% | 340,063 | $149.15 |
| Q4 2020 | -98,056 | Reduce 28.83% | 242,007 | $180.08 |
| Q1 2021 | +14,503 | Add 5.99% | 256,510 | $231.87 |
| Q2 2021 | +60,542 | Add 23.60% | 317,052 | $215.00 |
| Q3 2021 | +63,822 | Add 20.13% | 380,874 | $191.97 |
| Q4 2021 | -99,088 | Reduce 26.02% | 281,786 | $206.22 |
| Q1 2022 | +1,644 | Add 0.58% | 283,430 | $222.82 |
| Q2 2022 | -68,078 | Reduce 24.02% | 215,352 | $177.28 |
| Q3 2022 | +40,799 | Add 18.95% | 256,151 | $164.08 |
| Q4 2022 | +20,662 | Add 8.07% | 276,813 | $238.79 |
| Q1 2023 | +150,580 | Add 54.40% | 427,393 | $226.66 |
| Q2 2023 | -107,084 | Reduce 25.06% | 320,309 | $245.68 |
| Q3 2023 | +62,020 | Add 19.36% | 382,329 | $273.00 |
| Q4 2023 | -75,238 | Reduce 19.68% | 307,091 | $295.67 |
| Q1 2024 | -123,274 | Reduce 40.14% | 183,817 | $365.57 |
| Q2 2024 | +71,788 | Add 39.05% | 255,605 | $332.45 |
| Q3 2024 | -127,269 | Reduce 49.79% | 128,336 | $389.47 |
| Q4 2024 | -39,591 | Reduce 30.85% | 88,745 | $362.76 |
| Q1 2025 | -6,767 | Reduce 7.63% | 81,978 | $324.86 |
| Q2 2025 | +21,979 | Add 26.81% | 103,957 | $386.63 |
| Q3 2025 | +142,443 | Add 137.02% | 246,400 | $474.28 |
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 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Caterpillar Inc. (CAT) was in Q2 2019, adding 1,021,112 shares worth $139.17 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 246,400 shares of Caterpillar Inc. (CAT), valued at approximately $116.86 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Caterpillar Inc. (CAT) represents approximately 0.07% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Caterpillar Inc. (CAT) was 1,447,691 shares, as reported at the end of Q2 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.