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 | |
|---|---|---|---|---|---|---|
3401
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$700M
| $485K | ﹤0.01% |
6,530
+2,017
| +45% | +$147K |
|
|
FSP
3402
Franklin Street Properties
FSP
$45.2M
| $484K | ﹤0.01% |
938,924
+615,421
| +190% | +$364K |
|
3403
DMC Global
BOOM
$144M
| $481K | ﹤0.01% |
82,874
+31,760
| +62% | +$207K |
|
3404
NACCO Industries
NC
$309M
| $480K | ﹤0.01% |
9,593
+3,568
| +59% | +$179K |
|
3405
Waldencast
WALD
$167M
| $479K | ﹤0.01% |
272,428
+223,209
| +454% | +$299K |
|
3406
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.58B
| $479K | ﹤0.01% |
8,280
+488
| +6% | +$27.7K |
|
3407
FT Vest US Equity Buffer ETF August
FAUG
$1.21B
| $478K | ﹤0.01% |
8,468
-68
| -0.8% | -$3.75K |
|
3408
Inspired Entertainment
INSE
$160M
| $477K | ﹤0.01% |
57,840
+31,895
| +123% | +$237K |
|
|
SOBO
3409
South Bow Corp
SOBO
$7.87B
| $477K | ﹤0.01% |
13,558
-15,002
| -53% | -$528K |
|
3410
Biote Corp
BTMD
$46.2M
| $476K | ﹤0.01% |
251,619
+197,960
| +369% | +$408K |
|
3411
iShares MSCI Global Sustainable Development Goals ETF
SDG
$178M
| $475K | ﹤0.01% |
5,315
+981
| +23% | +$87.7K |
|
|
SKYT
3412
DELISTED
SkyWater Technology
SKYT
| $475K | ﹤0.01% |
13,643
-17,203
| -56% | -$588K |
|
3413
Neurogene
NGNE
$773M
| $474K | ﹤0.01% |
15,061
+4,750
| +46% | +$131K |
|
3414
Nuveen ESG Large-Cap Growth ETF
NULG
$2.73B
| $470K | ﹤0.01% |
+4,019
| New | +$431K |
|
3415
NextNav
NN
$2.96B
| $469K | ﹤0.01% |
26,324
-1,646
| -6% | -$31.8K |
|
3416
Build-A-Bear
BBW
$488M
| $468K | ﹤0.01% |
15,277
+2,130
| +16% | +$76.4K |
|
3417
iShares Global Comm Services ETF
IXP
$501M
| $467K | ﹤0.01% |
4,139
+314
| +8% | +$37.8K |
|
3418
Funko
FNKO
$364M
| $467K | ﹤0.01% |
79,431
+20,855
| +36% | +$100K |
|
3419
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.15B
| $467K | ﹤0.01% |
20,387
| – | – |
|
3420
Korea Electric Power
KEP
$14.5B
| $464K | ﹤0.01% |
38,379
-11,327
| -23% | -$157K |
|
|
ILOW
3421
AB International Low Volatility Equity ETF
ILOW
$1.9B
| $464K | ﹤0.01% |
10,201
-805
| -7% | -$36K |
|
3422
Fidelity MSCI Energy Index ETF
FENY
$2.15B
| $463K | ﹤0.01% |
15,673
+4,052
| +35% | +$129K |
|
3423
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $463K | ﹤0.01% |
5,359
+1,009
| +23% | +$86.6K |
|
3424
James Hardie Industries
JHX
$17.7B
| $463K | ﹤0.01% |
17,688
+5,123
| +41% | +$113K |
|
3425
iShares US Regional Banks ETF
IAT
$655M
| $462K | ﹤0.01% |
+7,421
| New | +$431K |
|
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.