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 | |
|---|---|---|---|---|---|---|
251
BioMarin Pharmaceuticals
BMRN
$12.9B
| $323M | 0.11% |
5,699,541
-1,977,000
| -26% | -$108M |
|
252
GoDaddy
GDDY
$12.3B
| $323M | 0.11% |
3,799,648
+2,681,750
| +240% | +$226M |
|
253
Automatic Data Processing
ADP
$112B
| $321M | 0.11% |
1,434,586
+662,253
| +86% | +$142M |
|
254
MGIC Investment
MTG
$6.34B
| $317M | 0.11% |
11,267,784
+279,622
| +3% | +$7.45M |
|
255
Host Hotels & Resorts
HST
$15.9B
| $316M | 0.11% |
13,323,577
+3,551,894
| +36% | +$79.3M |
|
256
Progressive
PGR
$127B
| $316M | 0.11% |
1,445,012
-960,195
| -40% | -$194M |
|
257
Procter & Gamble
PG
$336B
| $315M | 0.11% |
2,173,696
-1,865,529
| -46% | -$272M |
|
258
Crown Holdings
CCK
$13B
| $314M | 0.11% |
2,834,732
-1,170,035
| -29% | -$118M |
|
259
AT&T
T
$173B
| $313M | 0.11% |
15,117,016
-3,228,022
| -18% | -$80.1M |
|
260
Federal Realty Investment Trust
FRT
$10.1B
| $312M | 0.11% |
2,529,007
+403,492
| +19% | +$46.9M |
|
261
Woodward
WWD
$20.3B
| $310M | 0.11% |
729,483
+37,980
| +5% | +$14.4M |
|
262
GitLab
GTLB
$7.04B
| $310M | 0.11% |
10,338,016
+1,669,078
| +19% | +$42.3M |
|
263
American International
AIG
$39.8B
| $310M | 0.11% |
4,153,973
+1,352,524
| +48% | +$103M |
|
264
Ralph Lauren
RL
$22.2B
| $309M | 0.11% |
779,772
-319,884
| -29% | -$119M |
|
265
Vertex Pharmaceuticals
VRTX
$139B
| $305M | 0.11% |
616,170
+445,139
| +260% | +$197M |
|
266
Match Group
MTCH
$9.38B
| $303M | 0.11% |
7,969,452
-1,694,952
| -18% | -$60.1M |
|
267
CBRE Group
CBRE
$44B
| $300M | 0.1% |
2,227,101
+1,804,044
| +426% | +$249M |
|
268
ConocoPhillips
COP
$162B
| $298M | 0.1% |
2,862,341
+49,616
| +2% | +$5.88M |
|
269
IQVIA
IQV
$42.8B
| $297M | 0.1% |
1,536,874
+296,016
| +24% | +$51.6M |
|
270
Pool Corp
POOL
$6.83B
| $297M | 0.1% |
1,400,460
+1,222,534
| +687% | +$244M |
|
271
Devon Energy
DVN
$54B
| $296M | 0.1% |
7,169,378
+2,046,912
| +40% | +$94.9M |
|
272
United Therapeutics
UTHR
$22B
| $295M | 0.1% |
546,002
-280,224
| -34% | -$158M |
|
273
Fidelity National Information Services
FIS
$21.3B
| $295M | 0.1% |
7,653,649
+1,923,908
| +34% | +$83.3M |
|
274
Crane Co
CR
$12B
| $292M | 0.1% |
1,315,151
+336,116
| +34% | +$63.3M |
|
275
CubeSmart
CUBE
$9.21B
| $290M | 0.1% |
7,279,554
+5,135,312
| +239% | +$204M |
|
Similar funds
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.