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 |
Progressive
PGR
|
+$210M |
| 2 |
Eli Lilly
LLY
|
+$183M |
| 3 |
Delta Air Lines
DAL
|
+$160M |
| 4 |
Airbnb
ABNB
|
+$152M |
| 5 |
CME Group
CME
|
+$144M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 2 |
Cisco
CSCO
|
+$172M |
| 3 |
AGCO
AGCO
|
+$132M |
| 4 |
DraftKings
DKNG
|
+$131M |
| 5 |
PACCAR
PCAR
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Financials | 14.78% |
| 3 | Healthcare | 14.06% |
| 4 | Industrials | 12.52% |
| 5 | Consumer Discretionary | 11.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ITCI
476
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $33.8M | 0.05% |
461,832
+356,401
| +338% | +$26.8M |
|
477
Vail Resorts
MTN
$5.38B
| $33.6M | 0.05% |
192,612
+15,579
| +9% | +$2.79M |
|
478
Uber
UBER
$160B
| $33.5M | 0.05% |
450,030
-634,602
| -59% | -$44.7M |
|
479
Graham Holdings Company
GHC
$4.98B
| $33.2M | 0.05% |
41,316
+696
| +2% | +$528K |
|
480
Grupo Aeroportuario del Sureste
ASR
$7.78B
| $33.2M | 0.05% |
117,544
-19,930
| -14% | -$5.72M |
|
481
BorgWarner
BWA
$13.1B
| $33M | 0.05% |
908,768
+458,809
| +102% | +$15.1M |
|
482
Arthur J. Gallagher & Co
AJG
$69.1B
| $32.9M | 0.05% |
117,989
+4,850
| +4% | +$1.37M |
|
483
Kemper
KMPR
$1.64B
| $32.9M | 0.05% |
541,397
+191,575
| +55% | +$11.8M |
|
|
484
AGCO
AGCO
$7.64B
| $32.9M | 0.05% |
336,071
-1,411,883
| -81% | -$132M |
|
485
DT Midstream
DTM
$12.8B
| $32.8M | 0.05% |
425,223
+168,122
| +65% | +$12.5M |
|
486
EPAM Systems
EPAM
$5.74B
| $32.7M | 0.05% |
164,521
+85,482
| +108% | +$17.1M |
|
487
Vanguard S&P 500 ETF
VOO
$1.02T
| $32.7M | 0.05% |
61,948
+25,764
| +71% | +$13.1M |
|
488
NOV
NOV
$6.98B
| $32.4M | 0.04% |
2,035,280
-2,853,611
| -58% | -$50.7M |
|
489
Sonoco
SON
$5.67B
| $32.1M | 0.04% |
593,560
+37,985
| +7% | +$1.99M |
|
490
American Electric Power
AEP
$66.1B
| $32.1M | 0.04% |
314,511
+125,392
| +66% | +$12.2M |
|
491
Samsara
IOT
$23.1B
| $32M | 0.04% |
673,765
+498,399
| +284% | +$20.2M |
|
492
AptarGroup
ATR
$8.58B
| $31.9M | 0.04% |
200,001
+49,437
| +33% | +$7.33M |
|
493
Polaris
PII
$3.64B
| $31.8M | 0.04% |
381,768
+91,229
| +31% | +$7.41M |
|
494
First Citizens BancShares
FCNCA
$24.7B
| $31.8M | 0.04% |
17,259
-689
| -4% | -$1.31M |
|
495
PNC Financial Services
PNC
$97B
| $31.7M | 0.04% |
174,215
+128,767
| +283% | +$22.6M |
|
496
Vestis
VSTS
$1.68B
| $31.6M | 0.04% |
2,121,172
-1,632,717
| -43% | -$21.9M |
|
497
Halliburton
HAL
$28.7B
| $31.4M | 0.04% |
1,101,842
-455,288
| -29% | -$14.4M |
|
498
Essent Group
ESNT
$6.17B
| $31.3M | 0.04% |
489,670
+53,661
| +12% | +$3.28M |
|
499
HealthEquity
HQY
$8.77B
| $31.2M | 0.04% |
383,645
+251,605
| +191% | +$19.4M |
|
500
Agree Realty
ADC
$9.23B
| $31.1M | 0.04% |
416,726
-46,142
| -10% | -$3.27M |
|
Similar funds
Cliff Asness's Q3 2024 Portfolio in Review
As of Q3 2024, Cliff Asness held 2,920 positions worth $72.4B, up 11% from $65.2B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Cliff Asness deployed $2.92B of net new capital in Q3 2024, opening 326 new positions and adding to 1,272 existing holdings. Its largest new stake was Amentum Holdings: 639,326 shares worth $15.3M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- Cliff Asness's largest Q3 2024 buy was Amentum Holdings: 639,326 shares worth $15.3M.
- Cliff Asness added most to Progressive in Q3 2024, an estimated $210M increase.
- Cliff Asness's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- Cliff Asness fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $33.3M.
- Cliff Asness's ten largest holdings make up 14% of its $72.4B portfolio in Q3 2024.
- Cliff Asness opened 326 new positions and closed 169 in Q3 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $72.4B.
Based on AQR Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.