Cliff Asness’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Cliff Asness’s Portfolio USMV Stock Details USMV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$11.7M	Buy	120,825 +6,869	+6%	+$652K	﹤0.01%	1473
2026 Q1	$10.6M	Sell	113,956 -5,312	-4%	-$505K	﹤0.01%	1317
2025 Q4	$11.2M	Sell	119,268 -6,427	-5%	-$605K	0.01%	1163
2025 Q3	$12M	Buy	125,695 +20,078	+19%	+$1.88M	0.01%	1019
2025 Q2	$9.91M	Buy	105,617 +25,360	+32%	+$2.33M	0.01%	976
2025 Q1	$7.52M	Buy	80,257 +42,298	+111%	+$3.89M	0.01%	964
2024 Q4	$3.37M	Buy	37,959 +3,916	+12%	+$359K	﹤0.01%	1268
2024 Q3	$3.11M	Buy	34,043 +6,585	+24%	+$581K	﹤0.01%	1275
2024 Q2	$2.31M	Buy	27,458 +13,818	+101%	+$1.14M	﹤0.01%	1397
2024 Q1	$1.14M	Buy	+13,640	New	+$1.1M	﹤0.01%	1637

Other funds holding USMV

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Wealth Enhancement Advisory Services Plymouth, Minnesota $59.8B AUM 29.42% 1-Year Est. Return

CCA

Catalyst Capital Advisors Huntington, New York $6.03B AUM 24.5% 1-Year Est. Return

MRC

Millburn Ridgefield Corp New York $5.28B AUM 21.66% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

Cliff Asness's USMV Position: Q2 2026 in Review

Cliff Asness increased its iShares MSCI USA Min Vol Factor ETF (USMV) stake by 6% in Q2 2026, buying an estimated $652K and bringing the position to 120,825 shares worth $11.7M. The position accounts for ﹤0.01% of the portfolio, ranked #1473.

Cliff Asness first reported a position in USMV in Q1 2024 and has held it in 10 quarters since. The position peaked at $12M in Q3 2025. 1,371 funds tracked by Wall St. Rank hold USMV as of Q2 2026.

Cliff Asness held 120,825 shares of iShares MSCI USA Min Vol Factor ETF worth $11.7M as of Q2 2026.
Cliff Asness bought 6,869 iShares MSCI USA Min Vol Factor ETF shares in Q2 2026, an estimated $652K.
iShares MSCI USA Min Vol Factor ETF made up ﹤0.01% of Cliff Asness's portfolio in Q2 2026, its #1473 holding.
Cliff Asness first reported a position in iShares MSCI USA Min Vol Factor ETF in Q1 2024 and has held it in 10 quarters since.
Cliff Asness's iShares MSCI USA Min Vol Factor ETF position peaked at $12M in Q3 2025.
1,371 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q2 2026.

Based on AQR Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.