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 | |
|---|---|---|---|---|---|---|
276
Kroger
KR
$35.5B
| $289M | 0.1% |
5,235,022
+470,670
| +10% | +$30.7M |
|
277
Best Buy
BBY
$18.1B
| $289M | 0.1% |
3,805,827
-2,340,539
| -38% | -$155M |
|
278
Hanover Insurance
THG
$7.77B
| $287M | 0.1% |
1,341,075
+327,680
| +32% | +$62M |
|
279
Steris
STE
$23.2B
| $286M | 0.1% |
1,377,297
+315,897
| +30% | +$67.7M |
|
280
Cooper Companies
COO
$14.9B
| $286M | 0.1% |
4,022,614
+295,427
| +8% | +$19.3M |
|
281
Intercontinental Exchange
ICE
$90.5B
| $285M | 0.1% |
2,314,910
+1,372,896
| +146% | +$206M |
|
282
Wayfair
W
$13.9B
| $285M | 0.1% |
3,101,936
+1,248,779
| +67% | +$92M |
|
283
Reinsurance Group of America
RGA
$15.9B
| $284M | 0.1% |
1,337,571
-524,102
| -28% | -$109M |
|
284
ATI
ATI
$28.2B
| $282M | 0.1% |
1,432,935
+210,355
| +17% | +$35.7M |
|
285
MKS Inc
MKSI
$18.9B
| $280M | 0.1% |
638,333
+21,836
| +4% | +$6.83M |
|
286
Charter Communications
CHTR
$17.9B
| $280M | 0.1% |
1,977,475
+1,462,257
| +284% | +$244M |
|
287
TE Connectivity
TEL
$58.9B
| $279M | 0.1% |
1,385,998
+591,652
| +74% | +$126M |
|
288
Conagra Brands
CAG
$7.89B
| $276M | 0.1% |
20,496,252
+13,175,575
| +180% | +$184M |
|
289
Texas Capital Bancshares
TCBI
$4.27B
| $275M | 0.1% |
2,661,695
+216,583
| +9% | +$21.7M |
|
290
Amkor Technology
AMKR
$12.5B
| $274M | 0.1% |
3,231,546
-10,584
| -0.3% | -$754K |
|
291
MasTec
MTZ
$21.4B
| $274M | 0.1% |
657,603
-2,451
| -0.4% | -$937K |
|
292
Tradeweb Markets
TW
$22.6B
| $272M | 0.1% |
2,787,932
-108,277
| -4% | -$11.7M |
|
293
Synchrony
SYF
$25.9B
| $271M | 0.09% |
3,564,350
-921,310
| -21% | -$67.7M |
|
294
Globe Life
GL
$13.1B
| $271M | 0.09% |
1,515,987
+318,085
| +27% | +$49.8M |
|
295
Deckers Outdoor
DECK
$12.5B
| $270M | 0.09% |
2,718,623
-1,205,863
| -31% | -$127M |
|
296
McDonald's
MCD
$192B
| $270M | 0.09% |
1,005,629
+346,367
| +53% | +$99.3M |
|
297
US Bancorp
USB
$96.7B
| $269M | 0.09% |
4,451,623
-1,142,876
| -20% | -$64M |
|
298
Duolingo
DUOL
$6.84B
| $268M | 0.09% |
2,332,543
+2,222,495
| +2,020% | +$243M |
|
299
ITT
ITT
$18.6B
| $268M | 0.09% |
1,400,050
-1,118,889
| -44% | -$226M |
|
300
Antero Resources
AR
$11.7B
| $268M | 0.09% |
7,613,505
+2,137,614
| +39% | +$78.7M |
|
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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.