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 | |
|---|---|---|---|---|---|---|
401
Zscaler
ZS
$29.4B
| $192M | 0.07% |
1,363,319
+347,340
| +34% | +$48.4M |
|
402
Marvell Technology
MRVL
$213B
| $192M | 0.07% |
663,380
+67,624
| +11% | +$13.6M |
|
403
Walt Disney
DIS
$186B
| $191M | 0.07% |
1,988,816
-782,421
| -28% | -$79.8M |
|
404
Morgan Stanley
MS
$336B
| $191M | 0.07% |
915,529
+353,816
| +63% | +$70.1M |
|
405
LivaNova
LIVN
$4.34B
| $191M | 0.07% |
2,356,191
-138,181
| -6% | -$9.77M |
|
406
Qualys
QLYS
$6.3B
| $191M | 0.07% |
1,394,771
+355,843
| +34% | +$35M |
|
407
Leonardo DRS
DRS
$10.9B
| $188M | 0.07% |
4,430,913
+1,355,595
| +44% | +$60.2M |
|
408
Masco
MAS
$14.5B
| $188M | 0.07% |
2,329,073
+1,324,384
| +132% | +$92.4M |
|
409
D.R. Horton
DHI
$41.5B
| $188M | 0.07% |
1,151,603
-396,540
| -26% | -$59.2M |
|
410
Sotera Health
SHC
$5.58B
| $186M | 0.07% |
10,734,313
+4,013,550
| +60% | +$63.3M |
|
411
Logitech
LOGI
$13.8B
| $186M | 0.06% |
1,991,783
+956,530
| +92% | +$99.3M |
|
412
Huntington Ingalls Industries
HII
$11.8B
| $184M | 0.06% |
656,681
-366,251
| -36% | -$122M |
|
413
SouthState Bank Corp
SSB
$10.4B
| $183M | 0.06% |
1,831,837
+351,703
| +24% | +$33.9M |
|
414
Brunswick
BC
$5.24B
| $182M | 0.06% |
2,163,477
+160,994
| +8% | +$12.9M |
|
415
ADT
ADT
$5.39B
| $181M | 0.06% |
28,106,229
-5,440,717
| -16% | -$37.3M |
|
416
Trex
TREX
$4.77B
| $181M | 0.06% |
3,633,238
-613,146
| -14% | -$25.4M |
|
417
Netflix
NFLX
$331B
| $181M | 0.06% |
2,529,862
-405,225
| -14% | -$35.7M |
|
418
Eagle Materials
EXP
$6.35B
| $180M | 0.06% |
797,959
+483,401
| +154% | +$101M |
|
419
Onto Innovation
ONTO
$17.9B
| $179M | 0.06% |
477,129
-113,680
| -19% | -$32.2M |
|
420
Comcast
CMCSA
$95.3B
| $179M | 0.06% |
7,350,709
-4,936,968
| -40% | -$127M |
|
421
Zions Bancorporation
ZION
$9.95B
| $178M | 0.06% |
2,579,678
+334,980
| +15% | +$21.1M |
|
422
Advanced Energy
AEIS
$11.4B
| $178M | 0.06% |
478,794
+274,808
| +135% | +$96.1M |
|
423
Corteva
CTVA
$54.6B
| $177M | 0.06% |
2,121,405
-415,021
| -16% | -$33.3M |
|
424
ResMed
RMD
$33.4B
| $177M | 0.06% |
910,623
+560,783
| +160% | +$116M |
|
425
American Electric Power
AEP
$65.8B
| $176M | 0.06% |
1,291,088
-274,660
| -18% | -$36.2M |
|
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.