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 | |
|---|---|---|---|---|---|---|
301
Las Vegas Sands
LVS
$30.5B
| $268M | 0.09% |
5,804,100
-1,747,781
| -23% | -$90.6M |
|
|
GAP
302
The Gap Inc
GAP
$7.13B
| $267M | 0.09% |
14,683,484
+3,128,166
| +27% | +$72.1M |
|
303
Iron Mountain
IRM
$36.3B
| $267M | 0.09% |
2,127,095
+281,022
| +15% | +$34.5M |
|
304
Unum
UNM
$13.9B
| $266M | 0.09% |
2,988,552
+1,080,525
| +57% | +$89.5M |
|
305
Allstate
ALL
$64.2B
| $266M | 0.09% |
1,117,811
-313,384
| -22% | -$68.1M |
|
306
Toll Brothers
TOL
$13.7B
| $266M | 0.09% |
1,617,618
-148,869
| -8% | -$21.2M |
|
307
Palo Alto Networks
PANW
$292B
| $266M | 0.09% |
780,792
-602,908
| -44% | -$138M |
|
308
Dover
DOV
$27.2B
| $263M | 0.09% |
1,171,868
-294,757
| -20% | -$64.2M |
|
309
3M
MMM
$92.3B
| $262M | 0.09% |
1,620,697
+226,346
| +16% | +$34.3M |
|
310
Commault Systems
CVLT
$5.55B
| $260M | 0.09% |
1,837,030
+812,768
| +79% | +$87.3M |
|
311
American Homes 4 Rent
AMH
$12.4B
| $260M | 0.09% |
7,766,128
+2,958,627
| +62% | +$93.5M |
|
312
Monster Beverage
MNST
$93.6B
| $260M | 0.09% |
5,415,072
-194,800
| -3% | -$8.19M |
|
313
Ventas
VTR
$47.7B
| $260M | 0.09% |
2,957,103
+23,036
| +0.8% | +$1.96M |
|
314
W.R. Berkley
WRB
$25.5B
| $260M | 0.09% |
3,680,160
+1,832,055
| +99% | +$123M |
|
315
Medtronic
MDT
$119B
| $258M | 0.09% |
3,299,627
+1,673,280
| +103% | +$135M |
|
316
Coca-Cola Consolidated
COKE
$12.6B
| $254M | 0.09% |
1,329,808
+41,557
| +3% | +$7.74M |
|
317
Lennar Class A
LEN
$21B
| $253M | 0.09% |
2,794,821
+673,310
| +32% | +$60.2M |
|
318
Akamai
AKAM
$15.9B
| $253M | 0.09% |
2,147,775
+1,124,437
| +110% | +$140M |
|
319
Linde
LIN
$225B
| $251M | 0.09% |
487,819
-60,206
| -11% | -$30.5M |
|
320
Chewy
CHWY
$9.83B
| $250M | 0.09% |
12,934,175
-3,408,663
| -21% | -$77.4M |
|
321
Principal Financial Group
PFG
$23.7B
| $250M | 0.09% |
2,315,065
-141,668
| -6% | -$14.4M |
|
322
CVS Health
CVS
$119B
| $249M | 0.09% |
2,411,937
+23,973
| +1% | +$2.14M |
|
323
KKR & Co
KKR
$97.4B
| $248M | 0.09% |
2,703,366
-364,143
| -12% | -$35.3M |
|
324
Portland General Electric
POR
$5.83B
| $246M | 0.09% |
4,756,376
+428,637
| +10% | +$21.7M |
|
325
L3Harris
LHX
$49.7B
| $246M | 0.09% |
849,424
+605,244
| +248% | +$192M |
|
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.