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 | |
|---|---|---|---|---|---|---|
|
FDXF
476
FedEx Freight
FDXF
$20.5B
| $155M | 0.05% |
+1,024,555
| New | +$168M |
|
477
Albemarle
ALB
$16.9B
| $155M | 0.05% |
1,155,790
-51,538
| -4% | -$9.09M |
|
478
Uber
UBER
$161B
| $154M | 0.05% |
2,128,620
-3,816,234
| -64% | -$280M |
|
479
Chipotle Mexican Grill
CMG
$46.7B
| $154M | 0.05% |
4,634,955
-4,365,995
| -49% | -$143M |
|
480
KeyCorp
KEY
$23.3B
| $153M | 0.05% |
6,650,295
-1,223,877
| -16% | -$26.7M |
|
481
First Hawaiian
FHB
$3.2B
| $153M | 0.05% |
5,236,745
+1,498,000
| +40% | +$40.8M |
|
482
AutoZone
AZO
$48.3B
| $153M | 0.05% |
48,361
+18,362
| +61% | +$61M |
|
483
Darden Restaurants
DRI
$25.2B
| $153M | 0.05% |
745,227
+133,443
| +22% | +$26.7M |
|
484
Rambus
RMBS
$9.9B
| $152M | 0.05% |
1,211,009
-39,447
| -3% | -$5.13M |
|
485
National Fuel Gas
NFG
$7.84B
| $152M | 0.05% |
1,969,955
+767,874
| +64% | +$63.6M |
|
486
Toronto Dominion Bank
TD
$194B
| $152M | 0.05% |
1,248,989
-7,786
| -0.6% | -$852K |
|
487
Align Technology
ALGN
$11.5B
| $151M | 0.05% |
899,731
+6,525
| +0.7% | +$1.13M |
|
488
Stryker
SYK
$126B
| $150M | 0.05% |
476,095
-495,990
| -51% | -$156M |
|
489
Bruker
BRKR
$9.07B
| $149M | 0.05% |
2,512,706
+1,219,807
| +94% | +$56.9M |
|
490
Pegasystems
PEGA
$5.52B
| $147M | 0.05% |
4,919,642
+380,090
| +8% | +$13.6M |
|
491
NRG Energy
NRG
$23.8B
| $147M | 0.05% |
1,009,231
+849,772
| +533% | +$122M |
|
492
PENN Entertainment
PENN
$2.5B
| $147M | 0.05% |
6,892,718
+3,931,414
| +133% | +$70.5M |
|
493
Bloom Energy
BE
$59.3B
| $147M | 0.05% |
498,011
+313,354
| +170% | +$80.3M |
|
494
TTM Technologies
TTMI
$11.6B
| $145M | 0.05% |
777,177
+40,461
| +5% | +$6.53M |
|
|
MZTI
495
The Marzetti Company
MZTI
$3.06B
| $145M | 0.05% |
1,272,897
+443,132
| +53% | +$53.3M |
|
496
Vornado Realty Trust
VNO
$7.07B
| $145M | 0.05% |
3,684,606
+1,702,522
| +86% | +$55M |
|
497
American Express
AXP
$227B
| $145M | 0.05% |
427,672
-185,698
| -30% | -$59.5M |
|
|
P
498
Everpure Inc
P
$36.1B
| $144M | 0.05% |
1,954,941
-1,331,342
| -41% | -$97.6M |
|
499
PACCAR
PCAR
$69B
| $144M | 0.05% |
1,197,211
-91,769
| -7% | -$10.8M |
|
|
EA
500
DELISTED
Electronic Arts
EA
| $143M | 0.05% |
699,573
-279,992
| -29% | -$56.7M |
|
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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.