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 |
ExxonMobil
XOM
|
+$213M |
| 2 |
Cigna
CI
|
+$207M |
| 3 |
Comcast
CMCSA
|
+$164M |
| 4 |
Zoom
ZM
|
+$155M |
| 5 |
Johnson & Johnson
JNJ
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$237M |
| 2 |
TSMC
TSM
|
+$214M |
| 3 |
NVIDIA
NVDA
|
+$138M |
| 4 |
Adobe
ADBE
|
+$133M |
| 5 |
Pultegroup
PHM
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.59% |
| 2 | Financials | 13.87% |
| 3 | Industrials | 12.52% |
| 4 | Consumer Discretionary | 12.44% |
| 5 | Healthcare | 12.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
American Airlines Group
AAL
$9.15B
| $30.7M | 0.05% |
2,723,916
-212,421
| -7% | -$2.79M |
|
452
Marvell Technology
MRVL
$213B
| $30.6M | 0.05% |
437,771
+375,012
| +598% | +$26.3M |
|
453
Texas Instruments
TXN
$241B
| $30.5M | 0.05% |
156,683
-8,451
| -5% | -$1.56M |
|
454
BellRing Brands
BRBR
$1.18B
| $30.4M | 0.05% |
532,359
+223,430
| +72% | +$12.8M |
|
455
Aramark
ARMK
$15.8B
| $30.3M | 0.05% |
896,698
+8,576
| +1% | +$278K |
|
|
SF
456
Stifel
SF
$12.2B
| $30.2M | 0.05% |
557,166
+2,424
| +0.4% | +$128K |
|
457
First Citizens BancShares
FCNCA
$24.7B
| $30.2M | 0.05% |
17,948
-24,581
| -58% | -$41.1M |
|
458
Marriott International
MAR
$92.9B
| $30M | 0.05% |
123,973
+46,420
| +60% | +$11.1M |
|
459
Conagra Brands
CAG
$7.89B
| $29.9M | 0.05% |
1,057,927
-251,407
| -19% | -$7.56M |
|
460
PBF Energy
PBF
$8.72B
| $29.9M | 0.05% |
654,464
+84,532
| +15% | +$4.33M |
|
461
Crown Castle
CCI
$32.1B
| $29.8M | 0.05% |
305,891
-75,785
| -20% | -$7.46M |
|
462
Sensata Technologies
ST
$6.23B
| $29.8M | 0.05% |
797,016
-172,887
| -18% | -$6.66M |
|
463
Marriott Vacations Worldwide
VAC
$3.87B
| $29.8M | 0.05% |
355,089
+227,465
| +178% | +$21.6M |
|
464
Equitable Holdings
EQH
$13.3B
| $29.7M | 0.05% |
727,892
+249,639
| +52% | +$9.78M |
|
465
Vontier
VNT
$4.46B
| $29.6M | 0.05% |
775,284
-128,268
| -14% | -$5.17M |
|
466
MSCI
MSCI
$41B
| $29.6M | 0.05% |
61,347
+42,247
| +221% | +$21M |
|
467
Five Below
FIVE
$13.8B
| $29.5M | 0.05% |
270,387
-34,343
| -11% | -$4.76M |
|
468
Arthur J. Gallagher & Co
AJG
$67.6B
| $29.3M | 0.05% |
113,139
-8,803
| -7% | -$2.18M |
|
|
PINC
469
DELISTED
Premier
PINC
| $29.2M | 0.04% |
1,590,926
+98,544
| +7% | +$1.95M |
|
|
MCW
470
DELISTED
Mister Car Wash
MCW
| $29.2M | 0.04% |
4,117,900
+3,640,862
| +763% | +$25.7M |
|
471
Flowers Foods
FLO
$1.47B
| $29.1M | 0.04% |
1,314,556
+520,661
| +66% | +$12.3M |
|
472
Seaboard Corp
SEB
$4.08B
| $29M | 0.04% |
9,204
+4,129
| +81% | +$13.3M |
|
473
Olin
OLN
$2.1B
| $28.8M | 0.04% |
610,153
+494,976
| +430% | +$26.5M |
|
474
Kanzhun
BZ
$7.13B
| $28.7M | 0.04% |
+1,526,028
| New | +$30.7M |
|
475
Amcor
AMCR
$22.5B
| $28.7M | 0.04% |
586,063
+457,565
| +356% | +$22.2M |
|
Similar funds
Cliff Asness's Q2 2024 Portfolio in Review
As of Q2 2024, Cliff Asness held 2,716 positions worth $65.2B, up 11% from $58.7B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $6.71B of net new capital in Q2 2024, opening 313 new positions and adding to 1,389 existing holdings. Its largest new stake was Solventum: 1,217,998 shares worth $62.6M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Humana, an estimated $237M trimmed.
- Cliff Asness's largest Q2 2024 buy was Solventum: 1,217,998 shares worth $62.6M.
- Cliff Asness added most to ExxonMobil in Q2 2024, an estimated $213M increase.
- Cliff Asness's biggest Q2 2024 reduction was Humana, cutting an estimated $237M.
- Cliff Asness fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $27.7M.
- Cliff Asness's ten largest holdings make up 15% of its $65.2B portfolio in Q2 2024.
- Cliff Asness opened 313 new positions and closed 123 in Q2 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $65.2B.
Based on AQR Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.