Murray Stahl's CAT Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 4,617 shares of Caterpillar Inc. (CAT) worth $2.64 M, representing 0.04% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in CAT, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2020, adding 3,186 shares. Largest reduction occurred in Q1 2021, reducing 3,145 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Caterpillar (CAT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Caterpillar (CAT) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -565 | Reduce 10.90% | 4,617 | $572.87 |
| Q3 2025 | -2,547 | Reduce 32.95% | 5,182 | $477.15 |
| Q2 2025 | -189 | Reduce 2.39% | 7,729 | $388.21 |
| Q1 2025 | -25 | Reduce 0.31% | 7,918 | $329.80 |
| Q4 2024 | -273 | Reduce 3.32% | 7,943 | $362.76 |
| Q3 2024 | +1,743 | Add 26.93% | 8,216 | $391.12 |
| Q2 2024 | -200 | Reduce 3.00% | 6,473 | $333.10 |
| Q1 2024 | -286 | Reduce 4.11% | 6,673 | $366.43 |
| Q4 2023 | -40 | Reduce 0.57% | 6,959 | $295.67 |
| Q3 2023 | +401 | Add 6.08% | 6,999 | $273.00 |
| Q2 2023 | +98 | Add 1.51% | 6,598 | $246.05 |
| Q1 2023 | -538 | Reduce 7.64% | 6,500 | $228.84 |
| Q4 2022 | -370 | Reduce 4.99% | 7,038 | $239.56 |
| Q3 2022 | +540 | Add 7.86% | 7,408 | $164.15 |
| Q2 2022 | +75 | Add 1.10% | 6,868 | $178.80 |
| Q1 2022 | +175 | Add 2.64% | 6,793 | $222.88 |
| Q4 2021 | +25 | Add 0.38% | 6,618 | $206.71 |
| Q3 2021 | -340 | Reduce 4.90% | 6,593 | $192.02 |
| Q2 2021 | -955 | Reduce 12.11% | 6,933 | $217.65 |
| Q1 2021 | -3,145 | Reduce 28.51% | 7,888 | $231.87 |
| Q4 2020 | +3,186 | Add 40.60% | 11,033 | $182.00 |
| Q3 2020 | +870 | Add 12.47% | 7,847 | $149.10 |
| Q2 2020 | -1,750 | Reduce 20.05% | 6,977 | $126.56 |
| Q1 2020 | -761 | Reduce 8.02% | 8,727 | $116.08 |
| Q4 2019 | -93 | Reduce 0.97% | 9,488 | $147.66 |
| Q3 2019 | -1,320 | Reduce 12.11% | 9,581 | $126.29 |
| Q2 2019 | -275 | Reduce 2.46% | 10,901 | $136.32 |
| Q1 2019 | +200 | Add 1.82% | 11,176 | $135.47 |
| Q4 2018 | +371 | Add 3.50% | 10,976 | $127.10 |
| Q3 2018 | +55 | Add 0.52% | 10,605 | $152.48 |
| Q2 2018 | +50 | Add 0.48% | 10,550 | $135.64 |
| Q1 2018 | -700 | Reduce 6.25% | 10,500 | $147.33 |
| Q4 2017 | -93 | Reduce 0.82% | 11,200 | $157.59 |
| Q3 2017 | -100 | Reduce 0.88% | 11,293 | $124.68 |
| Q2 2017 | +1,780 | Add 18.52% | 11,393 | $107.43 |
| Q1 2017 | -1,700 | Reduce 15.03% | 9,613 | $92.79 |
| Q4 2016 | -2,096 | Reduce 15.63% | 11,313 | $92.73 |
| Q3 2016 | -400 | Reduce 2.90% | 13,409 | $88.75 |
| Q2 2016 | -550 | Reduce 3.83% | 13,809 | $75.82 |
| Q1 2016 | -300 | Reduce 2.05% | 14,359 | $76.54 |
| Q4 2015 | +2,650 | Add 22.07% | 14,659 | $67.94 |
| Q3 2015 | +900 | Add 8.10% | 12,009 | $65.37 |
| Q2 2015 | -640 | Reduce 5.45% | 11,109 | $84.80 |
| Q1 2015 | +1,025 | Add 9.56% | 11,749 | $80.01 |
| Q4 2014 | +225 | Add 2.14% | 10,724 | $91.57 |
| Q3 2014 | -10 | Reduce 0.10% | 10,499 | $99.06 |
| Q2 2014 | +200 | Add 1.94% | 10,509 | $108.67 |
| Q1 2014 | +200 | Add 1.98% | 10,309 | $99.33 |
| Q4 2013 | +600 | Add 6.31% | 10,109 | $90.81 |
| Q3 2013 | -120 | Reduce 1.25% | 9,509 | $83.39 |
| Q2 2013 | +9,630 | Add 0.00% | 9,629 | $82.46 |
Murray Stahl's Caterpillar Investment FAQs
Murray Stahl first purchased Caterpillar Inc. (CAT) in Q2 2013, acquiring 9,629 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Caterpillar Inc. (CAT) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to Caterpillar Inc. (CAT) was in Q2 2013, adding 9,629 shares worth $794,000.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 4,617 shares of Caterpillar Inc. (CAT), valued at approximately $2.64 M.
As of the Q4 2025 filing, Caterpillar Inc. (CAT) represents approximately 0.04% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Caterpillar Inc. (CAT) was 14,659 shares, as reported at the end of Q4 2015.