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 | |
|---|---|---|---|---|---|---|
3001
Vanguard Materials ETF
VAW
$3.12B
| $1.01M | ﹤0.01% |
4,394
+604
| +16% | +$140K |
|
3002
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
| $1M | ﹤0.01% |
34,477
-976
| -3% | -$28.4K |
|
3003
Liberty Media Series A
FWONA
$24.2B
| $1,000K | ﹤0.01% |
11,732
+4,285
| +58% | +$353K |
|
3004
Fennec Pharmaceuticals
FENC
$396M
| $999K | ﹤0.01% |
92,889
+68,743
| +285% | +$561K |
|
3005
iShares iBonds Dec 2028 Term Corporate ETF
IBDT
$4.08B
| $997K | ﹤0.01% |
+39,500
| New | +$997K |
|
3006
USCB Financial Holdings
USCB
$415M
| $994K | ﹤0.01% |
48,563
+26,536
| +120% | +$505K |
|
|
HURA
3007
TuHURA Biosciences
HURA
$127M
| $994K | ﹤0.01% |
424,600
-182,568
| -30% | -$425K |
|
3008
Patrick Industries
PATK
$2.68B
| $990K | ﹤0.01% |
11,029
-2,609
| -19% | -$249K |
|
3009
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.7B
| $989K | ﹤0.01% |
32,966
-326
| -1% | -$9.78K |
|
3010
State Street SPDR S&P Global Dividend ETF
WDIV
$290M
| $988K | ﹤0.01% |
12,365
-168
| -1% | -$13.5K |
|
3011
Esquire Financial Holdings
ESQ
$1.4B
| $982K | ﹤0.01% |
8,242
+313
| +4% | +$34.7K |
|
3012
Axogen
AXGN
$2.71B
| $980K | ﹤0.01% |
21,217
+9,795
| +86% | +$395K |
|
3013
Enlight Renewable Energy
ENLT
$11.2B
| $979K | ﹤0.01% |
11,088
-5,605
| -34% | -$494K |
|
3014
Olema Pharmaceuticals
OLMA
$935M
| $978K | ﹤0.01% |
78,161
-11,401
| -13% | -$153K |
|
3015
BlackSky Technology
BKSY
$1.14B
| $976K | ﹤0.01% |
34,963
+2,012
| +6% | +$72.7K |
|
|
ORC
3016
Orchid Island Capital
ORC
$1.33B
| $975K | ﹤0.01% |
139,914
-55,353
| -28% | -$382K |
|
3017
MasterCraft Boat Holdings
MCFT
$617M
| $972K | ﹤0.01% |
37,635
-26,000
| -41% | -$605K |
|
3018
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $968K | ﹤0.01% |
12,650
+2,220
| +21% | +$164K |
|
3019
Pulmonx
LUNG
$97.1M
| $968K | ﹤0.01% |
744,963
+387,385
| +108% | +$534K |
|
3020
Enel Chile
ENIC
$6.14B
| $968K | ﹤0.01% |
215,058
+16,818
| +8% | +$73.9K |
|
3021
Natural Gas Services Group
NGS
$458M
| $966K | ﹤0.01% |
22,399
+6,460
| +41% | +$263K |
|
3022
Myomo
MYO
$68.5M
| $965K | ﹤0.01% |
928,268
+609,317
| +191% | +$594K |
|
3023
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.91B
| $963K | ﹤0.01% |
21,082
+15,367
| +269% | +$703K |
|
3024
Park-Ohio Holdings
PKOH
$662M
| $963K | ﹤0.01% |
25,051
+10,751
| +75% | +$330K |
|
3025
iShares 0-5 Year TIPS Bond ETF
STIP
$16B
| $961K | ﹤0.01% |
9,405
+1,410
| +18% | +$145K |
|
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.