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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Parker-Hannifin
PH
$126B
| $58.6M | 0.1% |
192,039
+76,560
| +66% | +$23.7M |
|
227
Rockwell Automation
ROK
$48.5B
| $58.5M | 0.1% |
206,420
+12,665
| +7% | +$3.42M |
|
228
WEC Energy
WEC
$34.5B
| $58.2M | 0.1% |
655,828
-43,473
| -6% | -$4.09M |
|
229
Nu Skin
NUS
$231M
| $57.7M | 0.1% |
1,022,551
-132,071
| -11% | -$7.52M |
|
230
Gold Fields
GFI
$42.8B
| $57.5M | 0.1% |
6,457,548
-5,943,074
| -48% | -$61.6M |
|
231
Dollar Tree
DLTR
$25.3B
| $57.4M | 0.1% |
576,759
+409,261
| +244% | +$44.5M |
|
232
Peloton Interactive
PTON
$2.37B
| $57.4M | 0.1% |
462,647
-821,907
| -64% | -$87.5M |
|
233
Corteva
CTVA
$54.6B
| $56.7M | 0.1% |
1,279,477
-40,812
| -3% | -$1.89M |
|
234
lululemon athletica
LULU
$13.7B
| $56.6M | 0.1% |
154,975
-35,856
| -19% | -$11.8M |
|
235
Associated Banc-Corp
ASB
$5.82B
| $56.5M | 0.1% |
2,764,140
-525,160
| -16% | -$11.6M |
|
236
Columbia Sportswear
COLM
$3.09B
| $56.3M | 0.1% |
572,238
+295,892
| +107% | +$31M |
|
237
DTE Energy
DTE
$28.1B
| $56.2M | 0.1% |
510,366
+83,405
| +20% | +$9.75M |
|
238
Regal Rexnord
RRX
$11.1B
| $56M | 0.1% |
421,541
+13,266
| +3% | +$1.87M |
|
239
Honeywell
HON
$68.4B
| $55.9M | 0.1% |
274,267
-17,052
| -6% | -$3.6M |
|
240
Walt Disney
DIS
$186B
| $55.6M | 0.1% |
318,951
-45,021
| -12% | -$8.1M |
|
241
American Water Works
AWK
$26.9B
| $54.9M | 0.1% |
356,347
-61,783
| -15% | -$9.63M |
|
242
S&P Global
SPGI
$127B
| $54.7M | 0.09% |
133,532
-1,984
| -1% | -$762K |
|
243
Jabil
JBL
$32.8B
| $54.5M | 0.09% |
939,805
-146,052
| -13% | -$8.04M |
|
244
Schneider National
SNDR
$6.28B
| $53.9M | 0.09% |
2,475,193
+314,042
| +15% | +$7.6M |
|
245
Brunswick
BC
$5.24B
| $53.5M | 0.09% |
545,502
+172,816
| +46% | +$17.6M |
|
246
Ametek
AME
$54.9B
| $53.3M | 0.09% |
401,037
-171,153
| -30% | -$22.9M |
|
247
Ally Financial
ALLY
$13.1B
| $53.3M | 0.09% |
1,071,216
+440,427
| +70% | +$22.6M |
|
248
Baxter International
BAX
$13.6B
| $53.1M | 0.09% |
659,198
-249,547
| -27% | -$20.9M |
|
249
Pinnacle West Capital
PNW
$11.8B
| $52.3M | 0.09% |
642,112
-53,278
| -8% | -$4.5M |
|
|
WRK
250
DELISTED
WestRock Company
WRK
| $51.8M | 0.09% |
984,779
-365,371
| -27% | -$20.4M |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.