Cliff Asness AQR Capital Management
Cliff Asness is a co-founder of AQR Capital Management, a leading quantitative investment firm spanning equities, alternatives, and factor strategies. He is known for academic-informed research on value, momentum, and other systematic premia, as well as candid market commentary. Asness’s work bridges academic finance and large-scale institutional portfolio management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.17B |
| 2 |
Apple
AAPL
|
+$849M |
| 3 |
Chevron
CVX
|
+$746M |
| 4 |
Synopsys
SNPS
|
+$643M |
| 5 |
Wells Fargo
WFC
|
+$633M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$517M |
| 2 |
Booking.com
BKNG
|
+$488M |
| 3 |
Walmart Inc
WMT
|
+$414M |
| 4 |
SNDK
Sandisk
SNDK
|
+$355M |
| 5 |
Cigna
CI
|
+$325M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.5% |
| 2 | Financials | 14.38% |
| 3 | Industrials | 14.2% |
| 4 | Consumer Discretionary | 10.53% |
| 5 | Healthcare | 10.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Jabil
JBL
$32.8B
| $354M | 0.12% |
930,900
+646,964
| +228% | +$223M |
|
227
Knight Transportation
KNX
$11.7B
| $350M | 0.12% |
4,488,969
+1,078,051
| +32% | +$74.7M |
|
228
Sysco
SYY
$40.2B
| $350M | 0.12% |
4,193,051
+2,696,531
| +180% | +$204M |
|
229
CarMax
KMX
$8.82B
| $349M | 0.12% |
6,622,794
-3,437,708
| -34% | -$150M |
|
230
MetLife
MET
$60B
| $349M | 0.12% |
4,122,333
+476,703
| +13% | +$38.4M |
|
231
Fidelity National Financial
FNF
$12.7B
| $349M | 0.12% |
7,395,407
+1,978,743
| +37% | +$95.9M |
|
232
Avnet
AVT
$7.27B
| $346M | 0.12% |
3,932,509
+83,196
| +2% | +$6.8M |
|
233
Keysight
KEYS
$53.8B
| $346M | 0.12% |
989,950
+510,336
| +106% | +$174M |
|
234
Elastic
ESTC
$8.93B
| $346M | 0.12% |
6,077,291
-1,474,422
| -20% | -$79.1M |
|
235
Invesco QQQ Trust
QQQ
$486B
| $345M | 0.12% |
468,508
+53,379
| +13% | +$36.7M |
|
236
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $344M | 0.12% |
3,423,222
-572,420
| -14% | -$54.9M |
|
237
Lumentum
LITE
$77.7B
| $344M | 0.12% |
400,737
+19,604
| +5% | +$17.5M |
|
238
Domino's
DPZ
$11.3B
| $341M | 0.12% |
1,153,498
+313,360
| +37% | +$103M |
|
239
Five Below
FIVE
$13.8B
| $340M | 0.12% |
1,923,492
-3,104
| -0.2% | -$668K |
|
240
State Street
STT
$51.4B
| $340M | 0.12% |
2,002,632
+367,705
| +22% | +$56.7M |
|
241
Autodesk
ADSK
$53.6B
| $337M | 0.12% |
1,733,808
+403,903
| +30% | +$92.2M |
|
242
International Paper
IP
$22B
| $335M | 0.12% |
8,884,607
+7,648,972
| +619% | +$262M |
|
243
NVR
NVR
$16.9B
| $335M | 0.12% |
49,101
+40,237
| +454% | +$256M |
|
244
Invesco
IVZ
$14.1B
| $333M | 0.12% |
12,604,180
+79,749
| +0.6% | +$2.11M |
|
245
Otis Worldwide
OTIS
$27.2B
| $331M | 0.12% |
4,625,150
+3,107,217
| +205% | +$232M |
|
246
Carnival Corporation Ltd
CCL
$35.2B
| $330M | 0.12% |
11,546,531
+2,171,583
| +23% | +$59.3M |
|
247
Ametek
AME
$54.9B
| $330M | 0.11% |
1,375,088
+330,615
| +32% | +$76.2M |
|
248
Corning
GLW
$129B
| $328M | 0.11% |
1,283,545
-274,558
| -18% | -$50M |
|
249
Selective Insurance
SIGI
$5.45B
| $325M | 0.11% |
3,345,130
-591,528
| -15% | -$51.1M |
|
250
HF Sinclair
DINO
$17.3B
| $324M | 0.11% |
4,644,694
-497,926
| -10% | -$33.1M |
|
Similar funds
Cliff Asness's Q2 2026 Portfolio in Review
As of Q2 2026, Cliff Asness held 3,986 positions worth $287B, up 31% from $218B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $37.5B of net new capital in Q2 2026, opening 247 new positions and adding to 2,455 existing holdings. Its largest new stake was FedEx Freight: 1,024,555 shares worth $155M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Micron Technology, an estimated $517M trimmed.
- Cliff Asness's largest Q2 2026 buy was FedEx Freight: 1,024,555 shares worth $155M.
- Cliff Asness added most to NVIDIA in Q2 2026, an estimated $1.17B increase.
- Cliff Asness's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $517M.
- Cliff Asness fully exited Masimo in Q2 2026, selling an estimated $147M.
- Cliff Asness's ten largest holdings make up 12% of its $287B portfolio in Q2 2026.
- Cliff Asness opened 247 new positions and closed 86 in Q2 2026.
- Cliff Asness's portfolio value rose 31% quarter-over-quarter to $287B.
Based on AQR Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.