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 |
Gilead Sciences
GILD
|
+$234M |
| 2 |
eBay
EBAY
|
+$223M |
| 3 |
Walt Disney
DIS
|
+$189M |
| 4 |
Humana
HUM
|
+$184M |
| 5 |
DXC Technology
DXC
|
+$172M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$236M |
| 2 |
Citizens Financial Group
CFG
|
+$157M |
| 3 |
Applied Materials
AMAT
|
+$156M |
| 4 |
Huntsman Corp
HUN
|
+$154M |
| 5 |
STI
SunTrust Banks, Inc.
STI
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.97% |
| 2 | Technology | 16.56% |
| 3 | Industrials | 15.08% |
| 4 | Healthcare | 12.53% |
| 5 | Consumer Discretionary | 12.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Applied Materials
AMAT
$391B
| $442M | 0.58% |
10,694,943
-3,669,819
| -26% | -$156M |
|
27
Aflac
AFL
$58.2B
| $435M | 0.58% |
11,198,720
+2,417,652
| +28% | +$90.8M |
|
28
American Electric Power
AEP
$65.8B
| $420M | 0.56% |
6,046,348
+429,515
| +8% | +$29.8M |
|
29
DTE Energy
DTE
$28.1B
| $406M | 0.54% |
4,514,721
+664,788
| +17% | +$60.2M |
|
30
PepsiCo
PEP
$196B
| $391M | 0.52% |
3,388,015
-174,441
| -5% | -$20M |
|
31
Huntington Ingalls Industries
HII
$11.8B
| $391M | 0.52% |
2,099,184
+320,232
| +18% | +$62.6M |
|
32
Waste Management
WM
$89.6B
| $382M | 0.5% |
5,201,797
-412,571
| -7% | -$30M |
|
33
Delta Air Lines
DAL
$54.2B
| $374M | 0.5% |
6,967,438
-2,603,940
| -27% | -$128M |
|
|
34
Humana
HUM
$45.5B
| $373M | 0.49% |
1,549,624
+813,605
| +111% | +$184M |
|
35
Tyson Foods
TSN
$20.6B
| $369M | 0.49% |
5,896,005
-1,684,420
| -22% | -$103M |
|
36
LyondellBasell Industries
LYB
$21.8B
| $366M | 0.48% |
4,335,015
+881,807
| +26% | +$73.2M |
|
|
WCG
37
DELISTED
Wellcare Health Plans, Inc.
WCG
| $363M | 0.48% |
2,023,417
-90,948
| -4% | -$15.1M |
|
38
Meta Platforms (Facebook)
META
$1.4T
| $361M | 0.48% |
2,388,644
-530,214
| -18% | -$78.8M |
|
39
Everest Group
EG
$14.2B
| $356M | 0.47% |
1,398,597
+108,805
| +8% | +$26.9M |
|
40
IBM
IBM
$222B
| $356M | 0.47% |
2,419,518
+817,838
| +51% | +$123M |
|
41
Biogen
BIIB
$32B
| $354M | 0.47% |
1,304,659
+264,040
| +25% | +$69.8M |
|
42
Baxter International
BAX
$13.6B
| $346M | 0.46% |
5,707,805
+119,195
| +2% | +$6.77M |
|
43
Cisco
CSCO
$438B
| $345M | 0.46% |
11,016,301
-2,170,627
| -16% | -$70.7M |
|
44
Public Service Enterprise Group
PEG
$36.2B
| $342M | 0.45% |
7,957,357
+42,775
| +0.5% | +$1.89M |
|
|
STI
45
DELISTED
SunTrust Banks, Inc.
STI
| $342M | 0.45% |
6,032,503
-2,725,625
| -31% | -$151M |
|
46
Southwest Airlines
LUV
$19.8B
| $340M | 0.45% |
5,466,644
-243,708
| -4% | -$14.2M |
|
47
Consolidated Edison
ED
$39.3B
| $331M | 0.44% |
4,101,511
-142,490
| -3% | -$11.5M |
|
48
Hewlett Packard
HPE
$70.8B
| $328M | 0.43% |
25,486,782
-7,604,523
| -23% | -$106M |
|
49
Stellantis
STLA
$20.4B
| $320M | 0.42% |
30,557,071
-1,132,292
| -4% | -$12M |
|
50
Texas Instruments
TXN
$241B
| $316M | 0.42% |
4,104,692
-234,554
| -5% | -$18.8M |
|
Similar funds
Cliff Asness's Q2 2017 Portfolio in Review
As of Q2 2017, Cliff Asness held 2,306 positions worth $75.6B, up 0.44% from $75.2B the previous quarter. Its ten largest holdings account for 9.2% of the portfolio.
Cliff Asness's Q2 2017 filing shows 139 new, 928 increased, 1,013 reduced and 118 closed positions. Its largest new stake was DXC Technology: 2,594,054 shares worth $172M. The largest sale was Wells Fargo, an estimated $236M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
- Cliff Asness's largest Q2 2017 buy was DXC Technology: 2,594,054 shares worth $172M.
- Cliff Asness added most to Gilead Sciences in Q2 2017, an estimated $234M increase.
- Cliff Asness's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $236M.
- Cliff Asness fully exited Computer Sciences in Q2 2017, selling an estimated $77.8M.
- Cliff Asness's ten largest holdings make up 9.2% of its $75.6B portfolio in Q2 2017.
- Cliff Asness opened 139 new positions and closed 118 in Q2 2017.
- Cliff Asness's portfolio value rose 0.44% quarter-over-quarter to $75.6B.
Based on AQR Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.