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 | |
|---|---|---|---|---|---|---|
26
Seagate
STX
$193B
| $1.2B | 0.42% |
1,245,371
+244,332
| +24% | +$186M |
|
27
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.19B | 0.42% |
2,379,700
+737,652
| +45% | +$355M |
|
28
JB Hunt Transport Services
JBHT
$25.9B
| $1.18B | 0.41% |
4,156,396
+105,304
| +3% | +$27M |
|
29
Costco
COST
$420B
| $1.17B | 0.41% |
1,253,747
+226,089
| +22% | +$225M |
|
30
Teradyne
TER
$58.7B
| $1.14B | 0.4% |
2,416,624
+233,416
| +11% | +$88M |
|
31
Snowflake
SNOW
$115B
| $1.11B | 0.39% |
4,430,546
-482,042
| -10% | -$88.7M |
|
32
General Motors
GM
$77.2B
| $1.08B | 0.38% |
13,977,261
+84,639
| +0.6% | +$6.65M |
|
33
Capital One
COF
$134B
| $1.06B | 0.37% |
5,271,438
+1,657,701
| +46% | +$317M |
|
34
PNC Financial Services
PNC
$97B
| $1.04B | 0.36% |
4,224,201
-216,513
| -5% | -$48.5M |
|
35
Merck
MRK
$376B
| $1.04B | 0.36% |
8,134,262
-494,224
| -6% | -$57.8M |
|
36
Arista Networks
ANET
$238B
| $1B | 0.35% |
5,932,011
-2,019,002
| -25% | -$317M |
|
37
TechnipFMC
FTI
$30.4B
| $972M | 0.34% |
14,685,742
-3,123,473
| -18% | -$221M |
|
38
TJX Companies
TJX
$155B
| $971M | 0.34% |
6,482,697
+441,801
| +7% | +$69.9M |
|
39
Viking Holdings
VIK
$41.4B
| $967M | 0.34% |
9,293,755
+1,788,048
| +24% | +$155M |
|
|
SNDK
40
Sandisk
SNDK
$234B
| $965M | 0.34% |
445,251
-248,538
| -36% | -$355M |
|
41
Travelers Companies
TRV
$75.8B
| $937M | 0.33% |
2,837,834
+379,342
| +15% | +$115M |
|
42
Advanced Micro Devices
AMD
$773B
| $937M | 0.33% |
1,681,437
+700,489
| +71% | +$287M |
|
43
JPMorgan Chase
JPM
$935B
| $930M | 0.32% |
2,842,230
+1,212,225
| +74% | +$376M |
|
|
44
Chevron
CVX
$403B
| $912M | 0.32% |
5,502,367
+4,009,582
| +269% | +$746M |
|
|
45
Booking.com
BKNG
$158B
| $909M | 0.32% |
5,100,504
-2,862,971
| -36% | -$488M |
|
46
Nutanix
NTNX
$18.3B
| $901M | 0.31% |
17,778,710
+2,624,196
| +17% | +$119M |
|
47
Carpenter Technology
CRS
$24.4B
| $900M | 0.31% |
1,459,426
+735,006
| +101% | +$346M |
|
|
48
Wells Fargo
WFC
$254B
| $888M | 0.31% |
10,749,836
+7,875,880
| +274% | +$633M |
|
49
Cummins
CMI
$80.9B
| $885M | 0.31% |
1,262,659
+295,663
| +31% | +$195M |
|
50
Vertiv
VRT
$101B
| $858M | 0.3% |
2,686,683
+13,923
| +0.5% | +$4.42M |
|
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.