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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
226
Jabil
JBL
$28.7B
| $354M | 0.12% |
930,900
+646,964
| +228% | +$223M |
2013 Q2
52 quarters
|
|
227
Knight Transportation
KNX
$10B
| $350M | 0.12% |
4,488,969
+1,078,051
| +32% | +$74.7M |
2020 Q2
24 quarters
|
|
228
Sysco
SYY
$40B
| $350M | 0.12% |
4,193,051
+2,696,531
| +180% | +$204M |
2021 Q4
18 quarters
|
|
229
CarMax
KMX
$7.32B
| $349M | 0.12% |
6,622,794
-3,437,708
| -34% | -$150M |
2023 Q1
13 quarters
|
|
230
MetLife
MET
$62.8B
| $349M | 0.12% |
4,122,333
+476,703
| +13% | +$38.4M |
2013 Q2
52 quarters
|
|
231
Fidelity National Financial
FNF
$10.8B
| $349M | 0.12% |
7,395,407
+1,978,743
| +37% | +$95.9M |
2014 Q3
47 quarters
|
|
232
Avnet
AVT
$7.24B
| $346M | 0.12% |
3,932,509
+83,196
| +2% | +$6.8M |
2013 Q2
52 quarters
|
|
233
Keysight
KEYS
$53.6B
| $346M | 0.12% |
989,950
+510,336
| +106% | +$174M |
2017 Q4
34 quarters
|
|
234
Elastic
ESTC
$10.8B
| $346M | 0.12% |
6,077,291
-1,474,422
| -20% | -$79.1M |
2020 Q1
25 quarters
|
|
235
Invesco QQQ Trust
QQQ
$475B
| $345M | 0.12% |
468,508
+53,379
| +13% | +$36.7M |
2023 Q3
11 quarters
|
|
236
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $344M | 0.12% |
3,423,222
-572,420
| -14% | -$54.9M |
2020 Q4
22 quarters
|
|
237
Lumentum
LITE
$68.5B
| $344M | 0.12% |
400,737
+19,604
| +5% | +$17.5M |
2025 Q2
4 quarters
|
|
238
Domino's
DPZ
$10.3B
| $341M | 0.12% |
1,153,498
+313,360
| +37% | +$103M |
2013 Q2
52 quarters
|
|
239
Five Below
FIVE
$12.3B
| $340M | 0.12% |
1,923,492
-3,104
| -0.2% | -$668K |
2024 Q4
6 quarters
|
|
240
State Street
STT
$46.1B
| $340M | 0.12% |
2,002,632
+367,705
| +22% | +$56.7M |
2013 Q2
52 quarters
|
|
241
Autodesk
ADSK
$52.7B
| $337M | 0.12% |
1,733,808
+403,903
| +30% | +$92.2M |
2013 Q2
52 quarters
|
|
242
International Paper
IP
$17.6B
| $335M | 0.12% |
8,884,607
+7,648,972
| +619% | +$262M |
2013 Q2
52 quarters
|
|
243
NVR
NVR
$15.9B
| $335M | 0.12% |
49,101
+40,237
| +454% | +$256M |
2013 Q2
52 quarters
|
|
244
Invesco
IVZ
$12.4B
| $333M | 0.12% |
12,604,180
+79,749
| +0.6% | +$2.11M |
2014 Q4
46 quarters
|
|
245
Otis Worldwide
OTIS
$28.6B
| $331M | 0.12% |
4,625,150
+3,107,217
| +205% | +$232M |
2020 Q2
24 quarters
|
|
246
Carnival Corporation Ltd
CCL
$35.1B
| $330M | 0.12% |
11,546,531
+2,171,583
| +23% | +$59.3M |
2022 Q1
17 quarters
|
|
247
Ametek
AME
$55B
| $330M | 0.11% |
1,375,088
+330,615
| +32% | +$76.2M |
2018 Q1
33 quarters
|
|
248
Corning
GLW
$107B
| $328M | 0.11% |
1,283,545
-274,558
| -18% | -$50M |
2013 Q2
52 quarters
|
|
249
Selective Insurance
SIGI
$5.75B
| $325M | 0.11% |
3,345,130
-591,528
| -15% | -$51.1M |
2015 Q1
45 quarters
|
|
250
HF Sinclair
DINO
$21.6B
| $324M | 0.11% |
4,644,694
-497,926
| -10% | -$33.1M |
2021 Q2
20 quarters
|
|
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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.