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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 | |
|---|---|---|---|---|---|---|---|
3351
Perella Weinberg Partners
PWP
$1.17B
| $547K | ﹤0.01% |
34,295
-120,202
| -78% | -$2.2M |
2024 Q3
7 quarters
|
|
3352
Infleqtion Inc
INFQ
$2B
| $547K | ﹤0.01% |
+41,040
| New | +$564K |
2026 Q2
0 quarters
|
|
3353
ALPS Smith Core Plus Bond ETF
SMTH
$3.66B
| $546K | ﹤0.01% |
21,198
+3,184
| +18% | +$82K |
2025 Q3
3 quarters
|
|
3354
Legence Corp
LGN
$2.99B
| $544K | ﹤0.01% |
+6,387
| New | +$520K |
2026 Q2
0 quarters
|
|
3355
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$489M
| $544K | ﹤0.01% |
10,049
| – | – |
2025 Q3
3 quarters
|
|
3356
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.64B
| $543K | ﹤0.01% |
5,808
+2,599
| +81% | +$243K |
2026 Q1
1 quarter
|
|
3357
CVRx
CVRX
$37.6M
| $543K | ﹤0.01% |
105,614
+15,710
| +17% | +$101K |
2026 Q1
1 quarter
|
|
3358
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.35B
| $540K | ﹤0.01% |
3,502
+828
| +31% | +$139K |
2025 Q4
2 quarters
|
|
3359
Defiance AI & Power Infrastructure ETF
AIPO
$764M
| $538K | ﹤0.01% |
+16,112
| New | +$501K |
2026 Q2
0 quarters
|
|
3360
Hartford Multifactor US Equity ETF
ROUS
$780M
| $538K | ﹤0.01% |
+7,976
| New | +$514K |
2026 Q2
0 quarters
|
|
3361
Ballard Power Systems
BLDP
$551M
| $537K | ﹤0.01% |
+137,957
| New | +$562K |
2026 Q2
0 quarters
|
|
3362
NexPoint Diversified Real Estate Trust
NXDT
$210M
| $537K | ﹤0.01% |
103,440
+6,992
| +7% | +$34.4K |
2024 Q2
8 quarters
|
|
3363
TriSalus Life Sciences
TLSI
$228M
| $537K | ﹤0.01% |
+117,977
| New | +$469K |
2026 Q2
0 quarters
|
|
3364
Invesco S&P 500 GARP ETF
SPGP
$2.09B
| $536K | ﹤0.01% |
4,386
+1,044
| +31% | +$123K |
2025 Q1
5 quarters
|
|
3365
FT Vest US Equity Buffer ETF May
FMAY
$1.46B
| $534K | ﹤0.01% |
9,500
| – | – |
2025 Q4
2 quarters
|
|
3366
iShares MSCI USA Quality GARP ETF
GARP
$3.39B
| $532K | ﹤0.01% |
6,441
| – | – |
2025 Q4
2 quarters
|
|
3367
Maravai LifeSciences
MRVI
$1.16B
| $529K | ﹤0.01% |
84,821
+2,285
| +3% | +$9.9K |
2021 Q4
18 quarters
|
|
3368
Vanguard Core Plus Bond ETF
VPLS
$2.02B
| $528K | ﹤0.01% |
6,800
| – | – |
2024 Q4
6 quarters
|
|
3369
JPMorgan US Tech Leaders ETF
JTEK
$4.31B
| $527K | ﹤0.01% |
4,727
+1,517
| +47% | +$150K |
2025 Q4
2 quarters
|
|
3370
US Global Jets ETF
JETS
$827M
| $525K | ﹤0.01% |
15,808
-4,492
| -22% | -$124K |
2026 Q1
1 quarter
|
|
3371
Climb Global Solutions
CLMB
$758M
| $524K | ﹤0.01% |
+22,576
| New | +$484K |
2026 Q2
0 quarters
|
|
3372
LG Display
LPL
$2.59B
| $523K | ﹤0.01% |
134,470
+70,841
| +111% | +$325K |
2025 Q2
4 quarters
|
|
3373
FT Vest US Equity Buffer ETF September
FSEP
$1.42B
| $523K | ﹤0.01% |
9,492
| – | – |
2026 Q1
1 quarter
|
|
3374
Security National Financial
SNFCA
$238M
| $520K | ﹤0.01% |
56,371
+33,229
| +144% | +$304K |
2026 Q1
1 quarter
|
|
3375
DELISTED
American Express Global Business Travel
GBTG
| $520K | ﹤0.01% |
55,381
-150,194
| -73% | -$1.22M |
2024 Q3
7 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.