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 | |
|---|---|---|---|---|---|---|
426
HealthEquity
HQY
$8.81B
| $176M | 0.06% |
1,999,209
-93,014
| -4% | -$7.89M |
|
427
Polaris
PII
$3.66B
| $176M | 0.06% |
2,566,179
+390,761
| +18% | +$25.2M |
|
428
CrowdStrike
CRWD
$195B
| $175M | 0.06% |
921,868
-272,680
| -23% | -$38.7M |
|
429
GlobalFoundries
GFS
$26.4B
| $174M | 0.06% |
2,119,474
-1,105,509
| -34% | -$77.3M |
|
430
PayPal
PYPL
$52.7B
| $173M | 0.06% |
4,017,155
-127,210
| -3% | -$5.79M |
|
431
Bath & Body Works
BBWI
$3.92B
| $173M | 0.06% |
7,641,815
-3,398,898
| -31% | -$65M |
|
432
Nasdaq
NDAQ
$54.9B
| $172M | 0.06% |
2,214,061
+317,658
| +17% | +$27.9M |
|
433
RenaissanceRe
RNR
$13.4B
| $172M | 0.06% |
543,123
+37,681
| +7% | +$11.3M |
|
434
Cenovus Energy
CVE
$60.7B
| $172M | 0.06% |
6,932,531
+2,548,006
| +58% | +$70.3M |
|
435
EXL Service
EXLS
$5.69B
| $171M | 0.06% |
6,812,609
-3,063,689
| -31% | -$90.2M |
|
436
Newell Brands
NWL
$2.59B
| $171M | 0.06% |
28,575,800
+1,178,014
| +4% | +$4.98M |
|
437
CDW
CDW
$17.2B
| $171M | 0.06% |
1,226,429
+71,313
| +6% | +$8.96M |
|
438
Jones Lang LaSalle
JLL
$17.8B
| $171M | 0.06% |
550,723
-282,103
| -34% | -$87.7M |
|
|
JHG
439
DELISTED
Janus Henderson
JHG
| $170M | 0.06% |
3,281,442
-59,959
| -2% | -$3.1M |
|
440
Virtu Financial
VIRT
$6B
| $170M | 0.06% |
2,847,444
+1,484,925
| +109% | +$78.1M |
|
441
Bank OZK
OZK
$5.39B
| $170M | 0.06% |
3,274,181
+1,664,598
| +103% | +$81.1M |
|
442
Stanley Black & Decker
SWK
$15.1B
| $169M | 0.06% |
1,806,656
+585,155
| +48% | +$45.8M |
|
443
Vicor
VICR
$9.25B
| $168M | 0.06% |
449,529
+301,220
| +203% | +$82.2M |
|
444
Canadian National Railway
CNI
$78.5B
| $168M | 0.06% |
1,406,399
+274,553
| +24% | +$31.3M |
|
445
Exelon
EXC
$45.1B
| $167M | 0.06% |
3,589,650
+541,137
| +18% | +$25M |
|
446
Agnico Eagle Mines
AEM
$109B
| $167M | 0.06% |
1,097,928
+304,831
| +38% | +$56.5M |
|
447
PBF Energy
PBF
$8.72B
| $166M | 0.06% |
3,650,630
+2,070,603
| +131% | +$86.2M |
|
448
Black Hills Corp
BKH
$5.47B
| $166M | 0.06% |
2,232,003
+636,408
| +40% | +$46.9M |
|
449
Magna International
MGA
$19.5B
| $166M | 0.06% |
2,534,162
+555,123
| +28% | +$34.7M |
|
450
Xylem
XYL
$26.5B
| $166M | 0.06% |
1,418,018
+995,250
| +235% | +$115M |
|
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.