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 |
Zoom
ZM
|
+$150M |
| 2 |
GoDaddy
GDDY
|
+$129M |
| 3 |
Wynn Resorts
WYNN
|
+$106M |
| 4 |
Assurant
AIZ
|
+$104M |
| 5 |
Centene
CNC
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$672M |
| 2 |
Amgen
AMGN
|
+$200M |
| 3 |
Walmart Inc
WMT
|
+$150M |
| 4 |
Super Micro Computer
SMCI
|
+$141M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.62% |
| 2 | Financials | 13.49% |
| 3 | Consumer Discretionary | 13.4% |
| 4 | Healthcare | 13.12% |
| 5 | Industrials | 12.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Capital One
COF
$134B
| $51.7M | 0.09% |
350,558
+61,606
| +21% | +$8.34M |
|
277
Penske Automotive Group
PAG
$14.2B
| $51.6M | 0.09% |
318,768
-8,942
| -3% | -$1.37M |
|
278
Public Storage
PSA
$60.2B
| $51.6M | 0.09% |
178,671
+62,426
| +54% | +$17.9M |
|
279
Leidos
LDOS
$17.7B
| $51.6M | 0.09% |
395,032
+90,366
| +30% | +$10.8M |
|
280
Applovin
APP
$102B
| $51.6M | 0.09% |
745,714
-491,176
| -40% | -$26M |
|
281
Gartner
IT
$12.4B
| $51.6M | 0.09% |
108,259
+47,243
| +77% | +$21.7M |
|
282
Teradata
TDC
$2.58B
| $51.3M | 0.09% |
1,327,518
-10,062
| -0.8% | -$424K |
|
283
Federated Hermes
FHI
$4.76B
| $51.3M | 0.09% |
1,428,391
+349,503
| +32% | +$12.3M |
|
284
Snowflake
SNOW
$115B
| $50.8M | 0.09% |
314,408
-80,310
| -20% | -$15.6M |
|
285
Sherwin-Williams
SHW
$84.1B
| $50.8M | 0.09% |
146,287
-7,319
| -5% | -$2.33M |
|
|
GAP
286
The Gap Inc
GAP
$7.13B
| $50.8M | 0.09% |
1,846,054
+210,180
| +13% | +$4.43M |
|
287
Fortive
FTV
$18.1B
| $50.7M | 0.09% |
782,792
+166,038
| +27% | +$10.1M |
|
288
NewMarket
NEU
$8.62B
| $50.6M | 0.09% |
79,984
+22,998
| +40% | +$13.8M |
|
289
Snap
SNAP
$8.86B
| $50.4M | 0.09% |
+4,386,413
| New | +$58.8M |
|
290
Advanced Micro Devices
AMD
$773B
| $50.3M | 0.09% |
278,592
+94,686
| +51% | +$16.6M |
|
291
Grand Canyon Education
LOPE
$3.84B
| $49.4M | 0.08% |
364,732
+87,584
| +32% | +$11.4M |
|
292
Commault Systems
CVLT
$5.55B
| $49.2M | 0.08% |
486,136
+78,061
| +19% | +$7.06M |
|
293
FTI Consulting
FCN
$4.3B
| $49M | 0.08% |
233,172
-9,041
| -4% | -$1.82M |
|
294
Datadog
DDOG
$84.6B
| $48.9M | 0.08% |
395,459
+105,790
| +37% | +$13.3M |
|
295
Hawaiian Electric Industries
HE
$1.99B
| $48.1M | 0.08% |
4,380,474
-300,200
| -6% | -$3.82M |
|
296
Thermo Fisher Scientific
TMO
$233B
| $48.1M | 0.08% |
83,143
-25,752
| -24% | -$14.5M |
|
297
Jabil
JBL
$32.8B
| $48M | 0.08% |
358,600
-27,963
| -7% | -$3.75M |
|
298
Fair Isaac
FICO
$25.3B
| $48M | 0.08% |
38,424
-3,687
| -9% | -$4.61M |
|
299
Zscaler
ZS
$29.4B
| $47.7M | 0.08% |
247,801
+39,777
| +19% | +$8.9M |
|
300
Donaldson
DCI
$10.8B
| $47.4M | 0.08% |
636,757
+12,911
| +2% | +$878K |
|
Similar funds
Cliff Asness's Q1 2024 Portfolio in Review
As of Q1 2024, Cliff Asness held 2,547 positions worth $58.7B, up 11% from $53.1B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness's Q1 2024 filing shows 225 new, 1,201 increased, 957 reduced and 144 closed positions. Its largest new stake was Snap: 4,386,413 shares worth $50.4M. The largest sale was TSMC, an estimated $672M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
- Cliff Asness's largest Q1 2024 buy was Snap: 4,386,413 shares worth $50.4M.
- Cliff Asness added most to Zoom in Q1 2024, an estimated $150M increase.
- Cliff Asness's biggest Q1 2024 reduction was TSMC, cutting an estimated $672M.
- Cliff Asness fully exited Splunk Inc in Q1 2024, selling an estimated $9.79M.
- Cliff Asness's ten largest holdings make up 15% of its $58.7B portfolio in Q1 2024.
- Cliff Asness opened 225 new positions and closed 144 in Q1 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $58.7B.
Based on AQR Capital Management's 13F filing for Q1 2024, filed 15 May 2024.