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 |
Micron Technology
MU
|
+$619M |
| 2 |
Target
TGT
|
+$465M |
| 3 |
Microsoft
MSFT
|
+$390M |
| 4 |
Pfizer
PFE
|
+$353M |
| 5 |
Adobe
ADBE
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$401M |
| 2 |
Oracle
ORCL
|
+$322M |
| 3 |
eBay
EBAY
|
+$235M |
| 4 |
Exelon
EXC
|
+$232M |
| 5 |
Booking.com
BKNG
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.82% |
| 2 | Healthcare | 17.12% |
| 3 | Consumer Discretionary | 14.04% |
| 4 | Industrials | 11.74% |
| 5 | Financials | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Monster Beverage
MNST
$93.6B
| $34.1M | 0.03% |
2,342,560
-198,220
| -8% | -$2.98M |
|
477
Tractor Supply
TSCO
$18.2B
| $34M | 0.03% |
1,869,270
+463,725
| +33% | +$7.72M |
|
478
AGCO
AGCO
$7.48B
| $33.4M | 0.03% |
550,126
-855,161
| -61% | -$51.7M |
|
479
Hasbro
HAS
$13.2B
| $33.4M | 0.03% |
317,702
+48,709
| +18% | +$4.88M |
|
|
TXNM
480
TXNM Energy Inc
TXNM
$5.9B
| $33.4M | 0.03% |
845,917
+109,220
| +15% | +$4.28M |
|
481
Packaging Corp of America
PKG
$22.5B
| $33.3M | 0.03% |
303,457
+36,413
| +14% | +$4.11M |
|
482
New Oriental
EDU
$8.88B
| $33M | 0.03% |
446,381
+23,913
| +6% | +$1.98M |
|
483
Morgan Stanley
MS
$336B
| $33M | 0.03% |
708,876
+276,714
| +64% | +$13.5M |
|
484
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $33M | 0.03% |
762,453
+57,900
| +8% | +$2.5M |
|
485
OGE Energy
OGE
$9.42B
| $32.8M | 0.03% |
903,778
+437,493
| +94% | +$15.9M |
|
486
Sun Life Financial
SLF
$44B
| $32.7M | 0.03% |
824,110
+366,130
| +80% | +$14.7M |
|
487
CMS Energy
CMS
$21.4B
| $32.6M | 0.03% |
664,645
+44,951
| +7% | +$2.19M |
|
488
Tapestry
TPR
$26B
| $32.2M | 0.03% |
640,747
+395,854
| +162% | +$19.4M |
|
489
Universal Health Services
UHS
$10.4B
| $32.2M | 0.03% |
251,734
-177,136
| -41% | -$21.7M |
|
490
World Kinect Corp
WKC
$1.84B
| $32.2M | 0.03% |
1,162,301
-571,373
| -33% | -$14.7M |
|
|
SAFM
491
DELISTED
Sanderson Farms Inc
SAFM
| $31.9M | 0.03% |
309,085
-268,183
| -46% | -$27.7M |
|
492
Domino's
DPZ
$11.3B
| $31.8M | 0.03% |
107,795
+36,922
| +52% | +$10.5M |
|
493
Avient
AVNT
$4.1B
| $31.5M | 0.03% |
719,978
+52,608
| +8% | +$2.3M |
|
494
Atmos Energy
ATO
$28.2B
| $31.5M | 0.03% |
335,175
+14,821
| +5% | +$1.37M |
|
495
Church & Dwight Co
CHD
$23.4B
| $31.5M | 0.03% |
529,754
-41,745
| -7% | -$2.36M |
|
496
Deluxe
DLX
$1.08B
| $31.3M | 0.03% |
549,957
+25,391
| +5% | +$1.53M |
|
497
W.R. Berkley
WRB
$25.5B
| $30.8M | 0.03% |
1,301,684
-69,636
| -5% | -$1.58M |
|
498
Digital Realty Trust
DLR
$70.5B
| $30.7M | 0.03% |
272,505
+27,140
| +11% | +$3.25M |
|
499
Rogers Communications
RCI
$19.6B
| $30.6M | 0.03% |
595,905
-47,429
| -7% | -$2.43M |
|
500
Five Below
FIVE
$13.8B
| $30.5M | 0.03% |
234,138
+189,298
| +422% | +$21.1M |
|
Similar funds
Cliff Asness's Q3 2018 Portfolio in Review
As of Q3 2018, Cliff Asness held 2,400 positions worth $105B, up 5.3% from $99.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Cliff Asness's Q3 2018 filing shows 91 new, 1,022 increased, 1,069 reduced and 146 closed positions. Its largest new stake was Bombardier Recreational Products: 908,172 shares worth $42.6M. The largest sale was Meta Platforms (Facebook), an estimated $401M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Cliff Asness's largest Q3 2018 buy was Bombardier Recreational Products: 908,172 shares worth $42.6M.
- Cliff Asness added most to Micron Technology in Q3 2018, an estimated $619M increase.
- Cliff Asness's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $401M.
- Cliff Asness fully exited Verifone Systems Inc in Q3 2018, selling an estimated $25.9M.
- Cliff Asness's ten largest holdings make up 13% of its $105B portfolio in Q3 2018.
- Cliff Asness opened 91 new positions and closed 146 in Q3 2018.
- Cliff Asness's portfolio value rose 5.3% quarter-over-quarter to $105B.
Based on AQR Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.