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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Hancock Whitney
HWC
$6.05B
| $72.3M | 0.09% |
1,321,280
+193,028
| +17% | +$10.7M |
|
277
Grab
GRAB
$14.2B
| $71.6M | 0.09% |
15,159,734
-9,154,363
| -38% | -$41.7M |
|
278
PACCAR
PCAR
$69B
| $71.5M | 0.09% |
687,133
-681,235
| -50% | -$74.6M |
|
279
Evergy
EVRG
$18.7B
| $71.5M | 0.09% |
1,161,102
+17,185
| +2% | +$1.06M |
|
280
Travel + Leisure Co
TNL
$4.39B
| $71.4M | 0.09% |
1,424,035
+58,944
| +4% | +$2.99M |
|
|
GAP
281
The Gap Inc
GAP
$7.13B
| $71.2M | 0.09% |
3,015,173
-165,161
| -5% | -$3.76M |
|
282
Truist Financial
TFC
$61.6B
| $71.1M | 0.09% |
1,639,121
-11,395
| -0.7% | -$509K |
|
283
eBay
EBAY
$46.3B
| $69.9M | 0.09% |
1,129,077
+118,172
| +12% | +$7.51M |
|
284
Pegasystems
PEGA
$5.52B
| $69.9M | 0.09% |
1,499,736
+15,730
| +1% | +$673K |
|
285
Williams-Sonoma
WSM
$28B
| $69.9M | 0.09% |
378,493
-190,440
| -33% | -$30.2M |
|
286
Deckers Outdoor
DECK
$12.5B
| $69.7M | 0.09% |
343,305
-309,283
| -47% | -$55.9M |
|
287
Twilio
TWLO
$34.6B
| $69.6M | 0.09% |
644,393
-168,220
| -21% | -$15.4M |
|
288
American Express
AXP
$227B
| $69.3M | 0.09% |
233,406
+48,681
| +26% | +$14M |
|
|
SKX
289
DELISTED
Skechers
SKX
| $69.2M | 0.09% |
1,028,548
+26,373
| +3% | +$1.71M |
|
290
Bright Horizons
BFAM
$3.54B
| $69.2M | 0.09% |
623,830
+194,312
| +45% | +$23.4M |
|
291
Marriott Vacations Worldwide
VAC
$3.87B
| $68.5M | 0.09% |
765,480
+245,427
| +47% | +$21.3M |
|
292
Old Republic International
ORI
$10B
| $68.2M | 0.09% |
1,885,011
+49,160
| +3% | +$1.79M |
|
293
UGI
UGI
$8.06B
| $68.2M | 0.09% |
2,417,407
-374,675
| -13% | -$9.72M |
|
294
iShares Core S&P 500 ETF
IVV
$893B
| $67.6M | 0.09% |
114,874
+17,057
| +17% | +$10.1M |
|
295
Accenture
ACN
$113B
| $67.5M | 0.09% |
191,822
+39,001
| +26% | +$14M |
|
296
Okta
OKTA
$23.5B
| $67M | 0.09% |
849,642
+762,460
| +875% | +$59.1M |
|
297
Nexstar Media Group
NXST
$5.73B
| $66.9M | 0.09% |
423,808
+56,935
| +16% | +$9.56M |
|
298
Broadridge
BR
$20.8B
| $66.3M | 0.09% |
293,443
+43,874
| +18% | +$9.83M |
|
299
SBA Communications
SBAC
$19.4B
| $66.3M | 0.09% |
325,364
+116,443
| +56% | +$26.2M |
|
300
Gates Industrial Corp
GTES
$6.56B
| $65.8M | 0.08% |
3,206,790
-1,534,272
| -32% | -$31M |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.