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 |
Tesla
TSLA
|
+$154M |
| 2 |
ConocoPhillips
COP
|
+$127M |
| 3 |
Chevron
CVX
|
+$111M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$107M |
| 5 |
NRG Energy
NRG
|
+$83.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$376M |
| 2 |
Meta Platforms (Facebook)
META
|
+$195M |
| 3 |
Target
TGT
|
+$191M |
| 4 |
Elevance Health
ELV
|
+$139M |
| 5 |
Amazon
AMZN
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 15.8% |
| 3 | Industrials | 12.37% |
| 4 | Financials | 11.64% |
| 5 | Consumer Discretionary | 11.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Lockheed Martin
LMT
$130B
| $57.8M | 0.1% |
162,536
-53,710
| -25% | -$18.6M |
|
227
Netflix
NFLX
$331B
| $57.7M | 0.1% |
958,460
-149,340
| -13% | -$9.54M |
|
228
West Pharmaceutical
WST
$24.8B
| $57.5M | 0.1% |
122,533
-21,541
| -15% | -$9.27M |
|
229
Oshkosh
OSK
$9.7B
| $57.1M | 0.1% |
510,205
-220,786
| -30% | -$24.1M |
|
230
MDU Resources
MDU
$4.2B
| $56.9M | 0.1% |
4,853,760
+552,502
| +13% | +$6.23M |
|
231
Jabil
JBL
$32.8B
| $56.6M | 0.1% |
805,299
-57,090
| -7% | -$3.61M |
|
232
Corteva
CTVA
$54.6B
| $55.6M | 0.1% |
1,178,297
+228,507
| +24% | +$10.4M |
|
233
Fastenal
FAST
$58.8B
| $55.6M | 0.1% |
1,749,524
-352,308
| -17% | -$10.4M |
|
234
IDEX
IEX
$17.3B
| $55.5M | 0.1% |
235,815
-527
| -0.2% | -$120K |
|
235
TD Synnex
SNX
$20B
| $55.4M | 0.1% |
487,388
-183,964
| -27% | -$20M |
|
236
Virtu Financial
VIRT
$6B
| $54.9M | 0.1% |
1,905,468
-278,250
| -13% | -$7.58M |
|
|
ABMD
237
DELISTED
Abiomed Inc
ABMD
| $54.8M | 0.1% |
152,535
-10,630
| -7% | -$3.59M |
|
238
Columbia Sportswear
COLM
$3.09B
| $54.8M | 0.1% |
564,255
-35,859
| -6% | -$3.57M |
|
239
Simon Property Group
SPG
$70.6B
| $54.6M | 0.1% |
341,911
-24,127
| -7% | -$3.68M |
|
|
MRSH
240
Marsh
MRSH
$91.6B
| $54.3M | 0.1% |
313,428
+10,819
| +4% | +$1.8M |
|
241
Regal Rexnord
RRX
$11.1B
| $54.1M | 0.1% |
318,128
-98,854
| -24% | -$15.7M |
|
242
CACI
CACI
$14.3B
| $53.6M | 0.1% |
199,220
-36,996
| -16% | -$10.1M |
|
243
Fidelity National Financial
FNF
$12.7B
| $53.4M | 0.1% |
1,064,977
-113,693
| -10% | -$5.44M |
|
244
Nucor
NUE
$55.3B
| $53.1M | 0.1% |
469,425
+185,922
| +66% | +$20.3M |
|
245
General Dynamics
GD
$104B
| $52.6M | 0.1% |
252,217
+60,978
| +32% | +$12.3M |
|
246
Xcel Energy
XEL
$47.7B
| $52.4M | 0.1% |
780,636
+38,839
| +5% | +$2.53M |
|
247
lululemon athletica
LULU
$13.7B
| $51.3M | 0.09% |
131,176
-4,155
| -3% | -$1.78M |
|
248
Texas Roadhouse
TXRH
$13.4B
| $51.1M | 0.09% |
572,075
+80,656
| +16% | +$7.19M |
|
249
Hartford Financial Services
HIG
$36.9B
| $51M | 0.09% |
739,279
+237,114
| +47% | +$16.7M |
|
250
American Electric Power
AEP
$65.8B
| $50.7M | 0.09% |
572,717
+150,064
| +36% | +$12.7M |
|
Similar funds
Cliff Asness's Q4 2021 Portfolio in Review
As of Q4 2021, Cliff Asness held 2,357 positions worth $55.2B, up 2.3% from $53.9B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.83B in Q4 2021, closing 169 positions and reducing 1,099 holdings. Its most notable exit was Kansas City Southern, an estimated $7.54M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Live Nation Entertainment worth $8.76M.
- Cliff Asness's largest Q4 2021 buy was Live Nation Entertainment: 73,147 shares worth $8.76M.
- Cliff Asness added most to Tesla in Q4 2021, an estimated $154M increase.
- Cliff Asness's biggest Q4 2021 reduction was Apple, cutting an estimated $376M.
- Cliff Asness fully exited Kansas City Southern in Q4 2021, selling an estimated $7.54M.
- Cliff Asness's ten largest holdings make up 17% of its $55.2B portfolio in Q4 2021.
- Cliff Asness opened 126 new positions and closed 169 in Q4 2021.
- Cliff Asness's portfolio value rose 2.3% quarter-over-quarter to $55.2B.
Based on AQR Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.