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 |
Thermo Fisher Scientific
TMO
|
+$144M |
| 2 |
Cisco
CSCO
|
+$123M |
| 3 |
Moderna
MRNA
|
+$120M |
| 4 |
JPMorgan Chase
JPM
|
+$95.4M |
| 5 |
FedEx
FDX
|
+$86.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$124M |
| 2 |
Mastercard
MA
|
+$101M |
| 3 |
Home Depot
HD
|
+$95.7M |
| 4 |
Amazon
AMZN
|
+$74.1M |
| 5 |
Eli Lilly
LLY
|
+$72.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Healthcare | 14.72% |
| 3 | Consumer Discretionary | 14.64% |
| 4 | Industrials | 11.02% |
| 5 | Consumer Staples | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Analog Devices
ADI
$182B
| $40.3M | 0.07% |
259,787
-3,698
| -1% | -$569K |
|
327
Hartford Financial Services
HIG
$36.9B
| $40.2M | 0.07% |
601,213
-450,953
| -43% | -$24.4M |
|
328
Akamai
AKAM
$15.9B
| $40.1M | 0.07% |
393,084
-243,260
| -38% | -$25.1M |
|
329
Cintas
CTAS
$81.6B
| $39.8M | 0.07% |
466,972
-639,924
| -58% | -$54.1M |
|
330
Amphenol
APH
$194B
| $39.7M | 0.07% |
1,208,028
+119,476
| +11% | +$3.88M |
|
331
Healthcare Services Group
HCSG
$1.56B
| $39.7M | 0.07% |
1,416,762
+246,129
| +21% | +$7.43M |
|
332
TAL Education Group
TAL
$6.28B
| $39.5M | 0.06% |
732,726
-16,638
| -2% | -$1.22M |
|
333
Fastenal
FAST
$58.8B
| $39.3M | 0.06% |
1,564,854
-324,756
| -17% | -$7.77M |
|
334
Etsy
ETSY
$7.44B
| $39.3M | 0.06% |
194,749
+37,966
| +24% | +$7.95M |
|
335
Emcor
EME
$34.3B
| $39.2M | 0.06% |
349,704
+53,783
| +18% | +$5.39M |
|
336
Hubbell
HUBB
$24.8B
| $39.1M | 0.06% |
209,267
-47,127
| -18% | -$8.15M |
|
337
Murphy USA
MUSA
$10.5B
| $39M | 0.06% |
269,777
+43,208
| +19% | +$5.59M |
|
338
Huntsman Corp
HUN
$1.75B
| $38.9M | 0.06% |
1,350,599
+670,335
| +99% | +$18.8M |
|
|
PPLI
339
People Inc
PPLI
$2.86B
| $38.9M | 0.06% |
329,556
-154,176
| -32% | -$19.1M |
|
340
Eastman Chemical
EMN
$8.47B
| $38.7M | 0.06% |
351,710
-9,719
| -3% | -$1.06M |
|
341
MGM Resorts International
MGM
$11B
| $38.7M | 0.06% |
1,019,041
+344,852
| +51% | +$12M |
|
342
Silgan Holdings
SLGN
$4.48B
| $38.6M | 0.06% |
918,271
+198,428
| +28% | +$7.74M |
|
343
Veeva Systems
VEEV
$40.3B
| $38.3M | 0.06% |
149,707
-137,396
| -48% | -$38.3M |
|
|
FL
344
DELISTED
Foot Locker
FL
| $38.1M | 0.06% |
677,567
-328,091
| -33% | -$16.7M |
|
345
NVR
NVR
$16.9B
| $38M | 0.06% |
8,075
-5,293
| -40% | -$23.8M |
|
346
IDEX
IEX
$17.3B
| $38M | 0.06% |
181,440
+46,891
| +35% | +$9.3M |
|
347
Yum China
YUMC
$16.9B
| $37.9M | 0.06% |
639,327
-64,471
| -9% | -$3.85M |
|
348
Aon
AON
$75.3B
| $37.8M | 0.06% |
164,478
-19,590
| -11% | -$4.31M |
|
349
Cirrus Logic
CRUS
$5.78B
| $37.8M | 0.06% |
446,768
+103,137
| +30% | +$8.93M |
|
350
MillerKnoll
MLKN
$1.57B
| $37.7M | 0.06% |
917,084
+261,707
| +40% | +$10M |
|
Similar funds
Cliff Asness's Q1 2021 Portfolio in Review
As of Q1 2021, Cliff Asness held 2,331 positions worth $61.1B, up 8.4% from $56.4B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Cliff Asness's Q1 2021 filing shows 154 new, 918 increased, 1,058 reduced and 154 closed positions. Its largest new stake was Janus Henderson: 506,382 shares worth $15.8M. The largest sale was Microsoft, an estimated $124M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Cliff Asness's largest Q1 2021 buy was Janus Henderson: 506,382 shares worth $15.8M.
- Cliff Asness added most to Thermo Fisher Scientific in Q1 2021, an estimated $144M increase.
- Cliff Asness's biggest Q1 2021 reduction was Microsoft, cutting an estimated $124M.
- Cliff Asness fully exited State Street SPDR S&P 500 ETF Trust in Q1 2021, selling an estimated $39.7M.
- Cliff Asness's ten largest holdings make up 18% of its $61.1B portfolio in Q1 2021.
- Cliff Asness opened 154 new positions and closed 154 in Q1 2021.
- Cliff Asness's portfolio value rose 8.4% quarter-over-quarter to $61.1B.
Based on AQR Capital Management's 13F filing for Q1 2021, filed 17 May 2021.