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 | |
|---|---|---|---|---|---|---|
2551
James River Group Holdings
JRVR
$187M
| $2.24M | ﹤0.01% |
508,019
+163,996
| +48% | +$807K |
|
2552
Accel Entertainment
ACEL
$979M
| $2.23M | ﹤0.01% |
177,213
-1,518
| -0.8% | -$18.4K |
|
|
HTB
2553
HomeTrust Bancshares
HTB
$772M
| $2.23M | ﹤0.01% |
44,746
+1,162
| +3% | +$53.8K |
|
2554
Flexsteel Industries
FLXS
$332M
| $2.23M | ﹤0.01% |
29,961
+20,544
| +218% | +$1.15M |
|
2555
HNI Corp
HNI
$3.55B
| $2.23M | ﹤0.01% |
55,100
+508
| +0.9% | +$17.3K |
|
2556
Vanguard Consumer Staples ETF
VDC
$7.98B
| $2.22M | ﹤0.01% |
9,846
+128
| +1% | +$29.2K |
|
2557
Avantis Emerging Markets Value ETF
AVES
$1.5B
| $2.21M | ﹤0.01% |
33,754
+1,328
| +4% | +$87K |
|
2558
Invesco S&P 500 Low Volatility ETF
SPLV
$7.07B
| $2.21M | ﹤0.01% |
29,527
+5,571
| +23% | +$410K |
|
2559
iShares ESG Aware MSCI USA ETF
ESGU
$18.1B
| $2.21M | ﹤0.01% |
13,499
+3,025
| +29% | +$478K |
|
2560
Uranium Energy
UEC
$6.31B
| $2.19M | ﹤0.01% |
205,883
-6,521
| -3% | -$87.5K |
|
|
FSUN
2561
FirstSun Capital Bancorp
FSUN
$1.76B
| $2.19M | ﹤0.01% |
56,493
+12,645
| +29% | +$463K |
|
2562
Caleres
CAL
$457M
| $2.19M | ﹤0.01% |
177,089
+116,080
| +190% | +$1.51M |
|
|
TSSI
2563
TSS Inc
TSSI
$247M
| $2.19M | ﹤0.01% |
177,912
+145,781
| +454% | +$1.96M |
|
2564
Amplify Junior Silver Miners ETF
SILJ
$4.22B
| $2.18M | ﹤0.01% |
84,172
+1,065
| +1% | +$31.6K |
|
|
BORR
2565
Borr Drilling
BORR
$1.39B
| $2.18M | ﹤0.01% |
527,936
-996
| -0.2% | -$5.38K |
|
2566
Pacific Biosciences
PACB
$420M
| $2.18M | ﹤0.01% |
1,296,684
+537,192
| +71% | +$781K |
|
2567
Delcath Systems
DCTH
$595M
| $2.18M | ﹤0.01% |
172,993
+140,897
| +439% | +$1.56M |
|
2568
MasterBrand
MBC
$1.85B
| $2.18M | ﹤0.01% |
214,137
-27,815
| -11% | -$237K |
|
2569
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.4B
| $2.17M | ﹤0.01% |
35,286
+12,956
| +58% | +$769K |
|
2570
Hallador Energy
HNRG
$725M
| $2.17M | ﹤0.01% |
124,599
+6,604
| +6% | +$114K |
|
2571
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.77B
| $2.16M | ﹤0.01% |
50,621
+3,067
| +6% | +$130K |
|
2572
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $2.16M | ﹤0.01% |
42,468
+8,185
| +24% | +$420K |
|
2573
Petrobras
PBR
$123B
| $2.16M | ﹤0.01% |
133,513
+7,177
| +6% | +$140K |
|
2574
Third Coast Bancshares
TCBX
$758M
| $2.16M | ﹤0.01% |
53,364
+8,015
| +18% | +$312K |
|
2575
Sight Sciences
SGHT
$455M
| $2.15M | ﹤0.01% |
397,558
+259,041
| +187% | +$1.19M |
|
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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.