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 | |
|---|---|---|---|---|---|---|
351
Prudential Financial
PRU
$41.8B
| $224M | 0.08% |
2,074,624
+895,697
| +76% | +$91.1M |
|
352
MarketAxess Holdings
MKTX
$5.71B
| $223M | 0.08% |
1,987,288
-696,457
| -26% | -$99.2M |
|
353
Lamar Advertising Co
LAMR
$15.3B
| $222M | 0.08% |
1,434,345
+189,242
| +15% | +$27.4M |
|
354
Canadian Natural Resources
CNQ
$106B
| $222M | 0.08% |
5,613,183
+904,741
| +19% | +$41.1M |
|
355
Hasbro
HAS
$13.2B
| $221M | 0.08% |
2,674,437
-686,800
| -20% | -$61.8M |
|
356
Northrop Grumman
NOC
$78.3B
| $219M | 0.08% |
430,006
+91,650
| +27% | +$52.9M |
|
357
Alnylam Pharmaceuticals
ALNY
$31.6B
| $219M | 0.08% |
728,039
-185,065
| -20% | -$55.8M |
|
358
Bright Horizons
BFAM
$3.54B
| $218M | 0.08% |
3,084,745
-241,929
| -7% | -$17.5M |
|
359
DexCom
DXCM
$34.8B
| $218M | 0.08% |
3,237,720
+1,064,223
| +49% | +$70.9M |
|
360
Ally Financial
ALLY
$13.1B
| $218M | 0.08% |
4,742,891
+1,011,999
| +27% | +$43.9M |
|
361
Robert Half
RHI
$4.58B
| $217M | 0.08% |
7,058,213
+698,605
| +11% | +$19.6M |
|
362
AutoNation
AN
$6.6B
| $216M | 0.08% |
1,161,962
+337,941
| +41% | +$66.1M |
|
363
Royal Bank of Canada
RY
$285B
| $216M | 0.08% |
1,042,402
+355,907
| +52% | +$66M |
|
364
Ultragenyx Pharmaceutical
RARE
$2.55B
| $214M | 0.07% |
6,560,809
+1,982,785
| +43% | +$49.3M |
|
|
VSNT
365
Versant Media Group
VSNT
$5.39B
| $214M | 0.07% |
6,003,282
+201,714
| +3% | +$8.1M |
|
|
WCC
366
WESCO International
WCC
$17B
| $214M | 0.07% |
619,132
+99,070
| +19% | +$33.6M |
|
367
Graphic Packaging
GPK
$3.54B
| $214M | 0.07% |
20,222,730
+12,253,541
| +154% | +$125M |
|
368
NewMarket
NEU
$8.62B
| $214M | 0.07% |
270,011
+151,670
| +128% | +$109M |
|
|
GRMN
369
Garmin
GRMN
$56.9B
| $213M | 0.07% |
914,637
+314,625
| +52% | +$76.5M |
|
370
Alcoa
AA
$13.7B
| $213M | 0.07% |
4,086,691
-1,084,958
| -21% | -$72.7M |
|
371
Abercrombie & Fitch
ANF
$4.84B
| $213M | 0.07% |
2,428,332
-1,019,630
| -30% | -$86.5M |
|
372
Lamb Weston
LW
$7.38B
| $213M | 0.07% |
4,927,106
+2,830,882
| +135% | +$122M |
|
373
Marathon Petroleum
MPC
$101B
| $212M | 0.07% |
828,334
+395,728
| +91% | +$97.2M |
|
374
Darling Ingredients
DAR
$10.4B
| $212M | 0.07% |
3,961,552
+248,255
| +7% | +$14.8M |
|
375
American Water Works
AWK
$26.9B
| $211M | 0.07% |
1,607,283
+981,355
| +157% | +$126M |
|
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.