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 |
Amazon
AMZN
|
+$167M |
| 2 |
Nike
NKE
|
+$153M |
| 3 |
Citigroup
C
|
+$146M |
| 4 |
Carnival Corporation Ltd
CCL
|
+$142M |
| 5 |
PNC Financial Services
PNC
|
+$138M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$224M |
| 2 |
Intel
INTC
|
+$182M |
| 3 |
Humana
HUM
|
+$170M |
| 4 |
Cigna
CI
|
+$169M |
| 5 |
AbbVie
ABBV
|
+$146M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.87% |
| 2 | Financials | 15.45% |
| 3 | Technology | 14.26% |
| 4 | Consumer Discretionary | 14.16% |
| 5 | Industrials | 11.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Dollar Tree
DLTR
$25.3B
| $61.2M | 0.12% |
918,518
-485,535
| -35% | -$36.5M |
|
|
ENIA
227
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $60.8M | 0.12% |
8,921,492
+268,110
| +3% | +$2.05M |
|
228
Bausch Health
BHC
$2.41B
| $59.8M | 0.12% |
336,365
+30,412
| +10% | +$7.09M |
|
229
GameStop
GME
$8.17B
| $59.6M | 0.12% |
5,786,088
+1,984,660
| +52% | +$22.1M |
|
230
O'Reilly Automotive
ORLY
$72.1B
| $59.4M | 0.12% |
3,564,555
-643,830
| -15% | -$10.4M |
|
231
Carter's
CRI
$1.31B
| $59.2M | 0.12% |
652,914
+297,841
| +84% | +$29.8M |
|
232
GE Aerospace
GE
$361B
| $59M | 0.12% |
488,546
-89,964
| -16% | -$11M |
|
233
H&R Block
HRB
$6.62B
| $59M | 0.12% |
1,628,921
+268,835
| +20% | +$9.1M |
|
234
SEI Investments
SEIC
$13.1B
| $58.8M | 0.12% |
1,218,130
+348,573
| +40% | +$17.7M |
|
|
MBT
235
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $58.3M | 0.12% |
8,074,555
-1,942,113
| -19% | -$15.2M |
|
236
General Mills
GIS
$21.4B
| $58.2M | 0.12% |
1,037,031
+103,260
| +11% | +$5.92M |
|
237
Brinker International
EAT
$10.6B
| $58.2M | 0.12% |
1,104,313
+569,487
| +106% | +$31.7M |
|
238
Wipro
WIT
$18.7B
| $58.1M | 0.12% |
25,216,800
+3,804,720
| +18% | +$8.62M |
|
239
American Tower
AMT
$81.9B
| $58M | 0.12% |
659,132
+97,801
| +17% | +$9.21M |
|
|
IM
240
DELISTED
Ingram Micro
IM
| $57.7M | 0.12% |
2,118,282
+387,316
| +22% | +$10.1M |
|
241
Conagra Brands
CAG
$7.89B
| $57.3M | 0.11% |
1,818,689
+1,609,120
| +768% | +$54M |
|
242
Church & Dwight Co
CHD
$23.4B
| $57.3M | 0.11% |
1,366,144
+132,650
| +11% | +$5.69M |
|
243
Reliance Steel & Aluminium
RS
$19.8B
| $57.3M | 0.11% |
1,060,345
+350,547
| +49% | +$20.5M |
|
244
Southern Company
SO
$102B
| $57.1M | 0.11% |
1,277,771
+263,275
| +26% | +$11.6M |
|
245
Dillards
DDS
$9.71B
| $56.9M | 0.11% |
651,039
-159,894
| -20% | -$15.5M |
|
246
General Motors
GM
$77.2B
| $56.3M | 0.11% |
1,876,931
-613,304
| -25% | -$18.8M |
|
247
Coca-Cola Europacific Partners
CCEP
$47.7B
| $55.8M | 0.11% |
1,154,928
+354,651
| +44% | +$17.3M |
|
248
Murphy USA
MUSA
$10.5B
| $55.6M | 0.11% |
1,012,742
+28,277
| +3% | +$1.51M |
|
249
Sysco
SYY
$40.2B
| $55M | 0.11% |
1,410,222
+171,418
| +14% | +$6.54M |
|
250
Nabors Industries
NBR
$1.37B
| $54.7M | 0.11% |
115,775
+29,361
| +34% | +$16.5M |
|
Similar funds
Cliff Asness's Q3 2015 Portfolio in Review
As of Q3 2015, Cliff Asness held 2,385 positions worth $50B, down 0.79% from $50.4B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Cliff Asness deployed $3.79B of net new capital in Q3 2015, opening 175 new positions and adding to 1,000 existing holdings. Its largest new stake was WestRock Company: 1,856,117 shares worth $86M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 17% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $224M trimmed.
- Cliff Asness's largest Q3 2015 buy was WestRock Company: 1,856,117 shares worth $86M.
- Cliff Asness added most to Amazon in Q3 2015, an estimated $167M increase.
- Cliff Asness's biggest Q3 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $224M.
- Cliff Asness fully exited ROCK-TENN COMPANY CL-A in Q3 2015, selling an estimated $65.9M.
- Cliff Asness's ten largest holdings make up 10% of its $50B portfolio in Q3 2015.
- Cliff Asness opened 175 new positions and closed 223 in Q3 2015.
- Cliff Asness's portfolio value fell 0.79% quarter-over-quarter to $50B.
Based on AQR Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.