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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
301
Las Vegas Sands
LVS
$23.1B
| $268M | 0.09% |
5,804,100
-1,747,781
| -23% | -$90.6M |
2023 Q1
13 quarters
|
|
302
The Gap Inc
GAP
$7.84B
| $267M | 0.09% |
14,683,484
+3,128,166
| +27% | +$72.1M |
2013 Q2
52 quarters
|
|
303
Iron Mountain
IRM
$32.7B
| $267M | 0.09% |
2,127,095
+281,022
| +15% | +$34.5M |
2013 Q2
52 quarters
|
|
304
Unum
UNM
$14.3B
| $266M | 0.09% |
2,988,552
+1,080,525
| +57% | +$89.5M |
2013 Q2
52 quarters
|
|
305
Allstate
ALL
$64B
| $266M | 0.09% |
1,117,811
-313,384
| -22% | -$68.1M |
2013 Q2
52 quarters
|
|
306
Toll Brothers
TOL
$12.9B
| $266M | 0.09% |
1,617,618
-148,869
| -8% | -$21.2M |
2014 Q4
46 quarters
|
|
307
Palo Alto Networks
PANW
$311B
| $266M | 0.09% |
780,792
-602,908
| -44% | -$138M |
2013 Q4
50 quarters
|
|
308
Dover
DOV
$26.8B
| $263M | 0.09% |
1,171,868
-294,757
| -20% | -$64.2M |
2013 Q2
52 quarters
|
|
309
3M
MMM
$89.5B
| $262M | 0.09% |
1,620,697
+226,346
| +16% | +$34.3M |
2013 Q2
52 quarters
|
|
310
Commault Systems
CVLT
$7.02B
| $260M | 0.09% |
1,837,030
+812,768
| +79% | +$87.3M |
2016 Q3
39 quarters
|
|
311
American Homes 4 Rent
AMH
$11.5B
| $260M | 0.09% |
7,766,128
+2,958,627
| +62% | +$93.5M |
2016 Q2
40 quarters
|
|
312
Monster Beverage
MNST
$90.5B
| $260M | 0.09% |
5,415,072
-194,800
| -3% | -$8.19M |
2013 Q2
52 quarters
|
|
313
Ventas
VTR
$44.5B
| $260M | 0.09% |
2,957,103
+23,036
| +0.8% | +$1.96M |
2013 Q2
52 quarters
|
|
314
W.R. Berkley
WRB
$27.2B
| $260M | 0.09% |
3,680,160
+1,832,055
| +99% | +$123M |
2013 Q2
52 quarters
|
|
315
Medtronic
MDT
$122B
| $258M | 0.09% |
3,299,627
+1,673,280
| +103% | +$135M |
2013 Q2
52 quarters
|
|
316
Coca-Cola Consolidated
COKE
$13.5B
| $254M | 0.09% |
1,329,808
+41,557
| +3% | +$7.74M |
2014 Q4
46 quarters
|
|
317
Lennar Class A
LEN
$20.2B
| $253M | 0.09% |
2,794,821
+673,310
| +32% | +$60.2M |
2018 Q4
30 quarters
|
|
318
Akamai
AKAM
$13.4B
| $253M | 0.09% |
2,147,775
+1,124,437
| +110% | +$140M |
2013 Q2
52 quarters
|
|
319
Linde
LIN
$235B
| $251M | 0.09% |
487,819
-60,206
| -11% | -$30.5M |
2018 Q4
30 quarters
|
|
320
Chewy
CHWY
$8.81B
| $250M | 0.09% |
12,934,175
-3,408,663
| -21% | -$77.4M |
2021 Q1
21 quarters
|
|
321
Principal Financial Group
PFG
$23.2B
| $250M | 0.09% |
2,315,065
-141,668
| -6% | -$14.4M |
2022 Q3
15 quarters
|
|
322
CVS Health
CVS
$120B
| $249M | 0.09% |
2,411,937
+23,973
| +1% | +$2.14M |
2013 Q2
52 quarters
|
|
323
KKR & Co
KKR
$82B
| $248M | 0.09% |
2,703,366
-364,143
| -12% | -$35.3M |
2023 Q3
11 quarters
|
|
324
Portland General Electric
POR
$5.24B
| $246M | 0.09% |
4,756,376
+428,637
| +10% | +$21.7M |
2013 Q2
52 quarters
|
|
325
L3Harris
LHX
$47.3B
| $246M | 0.09% |
849,424
+605,244
| +248% | +$192M |
2013 Q2
52 quarters
|
|
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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.