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 | |
|---|---|---|---|---|---|---|
376
Etsy
ETSY
$7.44B
| $210M | 0.07% |
2,793,531
+164,616
| +6% | +$10.6M |
|
377
United Microelectronic
UMC
$46B
| $210M | 0.07% |
7,718,125
-6,995,905
| -48% | -$120M |
|
378
EnerSys
ENS
$6.84B
| $209M | 0.07% |
905,348
+13,501
| +2% | +$2.93M |
|
379
J.M. Smucker
SJM
$13.3B
| $208M | 0.07% |
1,849,756
+1,096,777
| +146% | +$112M |
|
380
Royal Gold
RGLD
$21.9B
| $208M | 0.07% |
1,043,961
+236,546
| +29% | +$55M |
|
381
Unity
U
$20.7B
| $207M | 0.07% |
7,248,193
+6,960,650
| +2,421% | +$185M |
|
382
Carrier Global
CARR
$49.8B
| $207M | 0.07% |
2,820,892
+356,858
| +14% | +$23.3M |
|
383
Old Republic International
ORI
$10B
| $206M | 0.07% |
5,037,110
-746,560
| -13% | -$29.6M |
|
384
Kinross Gold
KGC
$38.9B
| $205M | 0.07% |
8,777,685
+2,033,556
| +30% | +$59.8M |
|
385
Morningstar
MORN
$8.1B
| $204M | 0.07% |
1,304,388
+680,759
| +109% | +$118M |
|
386
Corpay
CPAY
$27.4B
| $203M | 0.07% |
616,824
+242,680
| +65% | +$80.6M |
|
387
Veralto
VLTO
$24.1B
| $203M | 0.07% |
2,313,579
-82,471
| -3% | -$7.16M |
|
|
LINE
388
Lineage Inc
LINE
$9.48B
| $202M | 0.07% |
4,673,227
+1,980,993
| +74% | +$77.9M |
|
389
Saic
SAIC
$5.41B
| $201M | 0.07% |
1,824,510
-321,259
| -15% | -$32.5M |
|
390
VF Corp
VFC
$5.65B
| $201M | 0.07% |
12,219,293
-2,125,027
| -15% | -$38M |
|
391
Paychex
PAYX
$44.3B
| $201M | 0.07% |
2,040,389
+1,127,817
| +124% | +$107M |
|
392
American Financial Group
AFG
$11.9B
| $200M | 0.07% |
1,441,927
+761,838
| +112% | +$101M |
|
393
Qualcomm
QCOM
$169B
| $200M | 0.07% |
1,083,163
-1,091,244
| -50% | -$204M |
|
394
Microchip Technology
MCHP
$41.3B
| $199M | 0.07% |
2,239,669
+925,006
| +70% | +$82.5M |
|
395
Tenet Healthcare
THC
$22.6B
| $198M | 0.07% |
1,067,556
-375,032
| -26% | -$68.9M |
|
396
Prologis
PLD
$135B
| $197M | 0.07% |
1,457,062
+55,630
| +4% | +$7.89M |
|
397
FNB Corp
FNB
$6.6B
| $197M | 0.07% |
10,342,210
+7,099,927
| +219% | +$126M |
|
398
Hartford Financial Services
HIG
$36.9B
| $196M | 0.07% |
1,476,278
-142,634
| -9% | -$19.1M |
|
399
NetApp
NTAP
$37.7B
| $195M | 0.07% |
1,262,497
-33,210
| -3% | -$4.34M |
|
400
Old Dominion Freight Line
ODFL
$42.8B
| $195M | 0.07% |
910,961
+610,534
| +203% | +$132M |
|
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.