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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
476
FedEx Freight
FDXF
$16.5B
| $155M | 0.05% |
+1,024,555
| New | +$168M |
2026 Q2
0 quarters
|
|
477
Albemarle
ALB
$11.1B
| $155M | 0.05% |
1,155,790
-51,538
| -4% | -$9.09M |
2024 Q4
6 quarters
|
|
478
Uber
UBER
$136B
| $154M | 0.05% |
2,128,620
-3,816,234
| -64% | -$280M |
2022 Q1
17 quarters
|
|
479
Chipotle Mexican Grill
CMG
$34.8B
| $154M | 0.05% |
4,634,955
-4,365,995
| -49% | -$143M |
2013 Q2
52 quarters
|
|
480
KeyCorp
KEY
$22.5B
| $153M | 0.05% |
6,650,295
-1,223,877
| -16% | -$26.7M |
2021 Q1
21 quarters
|
|
481
First Hawaiian
FHB
$3.08B
| $153M | 0.05% |
5,236,745
+1,498,000
| +40% | +$40.8M |
2023 Q3
11 quarters
|
|
482
AutoZone
AZO
$51.8B
| $153M | 0.05% |
48,361
+18,362
| +61% | +$61M |
2013 Q2
52 quarters
|
|
483
Darden Restaurants
DRI
$24B
| $153M | 0.05% |
745,227
+133,443
| +22% | +$26.7M |
2015 Q2
44 quarters
|
|
484
Rambus
RMBS
$9.29B
| $152M | 0.05% |
1,211,009
-39,447
| -3% | -$5.13M |
2019 Q1
29 quarters
|
|
485
National Fuel Gas
NFG
$7.65B
| $152M | 0.05% |
1,969,955
+767,874
| +64% | +$63.6M |
2018 Q2
32 quarters
|
|
486
Toronto Dominion Bank
TD
$203B
| $152M | 0.05% |
1,248,989
-7,786
| -0.6% | -$852K |
2025 Q1
5 quarters
|
|
487
Align Technology
ALGN
$11B
| $151M | 0.05% |
899,731
+6,525
| +0.7% | +$1.13M |
2013 Q2
52 quarters
|
|
488
Stryker
SYK
$118B
| $150M | 0.05% |
476,095
-495,990
| -51% | -$156M |
2013 Q2
52 quarters
|
|
489
Bruker
BRKR
$8.77B
| $149M | 0.05% |
2,512,706
+1,219,807
| +94% | +$56.9M |
2015 Q3
43 quarters
|
|
490
Pegasystems
PEGA
$5.96B
| $147M | 0.05% |
4,919,642
+380,090
| +8% | +$13.6M |
2022 Q2
16 quarters
|
|
491
NRG Energy
NRG
$19.4B
| $147M | 0.05% |
1,009,231
+849,772
| +533% | +$122M |
2017 Q2
36 quarters
|
|
492
PENN Entertainment
PENN
$1.94B
| $147M | 0.05% |
6,892,718
+3,931,414
| +133% | +$70.5M |
2024 Q3
7 quarters
|
|
493
Bloom Energy
BE
$56.9B
| $147M | 0.05% |
498,011
+313,354
| +170% | +$80.3M |
2025 Q1
5 quarters
|
|
494
TTM Technologies
TTMI
$8.44B
| $145M | 0.05% |
777,177
+40,461
| +5% | +$6.53M |
2020 Q2
24 quarters
|
|
495
The Marzetti Company
MZTI
$2.98B
| $145M | 0.05% |
1,272,897
+443,132
| +53% | +$53.3M |
2013 Q2
52 quarters
|
|
496
Vornado Realty Trust
VNO
$6.5B
| $145M | 0.05% |
3,684,606
+1,702,522
| +86% | +$55M |
2013 Q2
52 quarters
|
|
497
American Express
AXP
$212B
| $145M | 0.05% |
427,672
-185,698
| -30% | -$59.5M |
2013 Q2
52 quarters
|
|
498
Everpure Inc
P
$41.1B
| $144M | 0.05% |
1,954,941
-1,331,342
| -41% | -$97.6M |
2017 Q4
34 quarters
|
|
499
PACCAR
PCAR
$56.3B
| $144M | 0.05% |
1,197,211
-91,769
| -7% | -$10.8M |
2013 Q2
52 quarters
|
|
500
DELISTED
Electronic Arts
EA
| $143M | 0.05% |
699,573
-279,992
| -29% | -$56.7M |
2013 Q2
52 quarters
|
|
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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.