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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Aramark
ARMK
$15.8B
| $20M | 0.03% |
753,354
+417,983
| +125% | +$11.5M |
|
|
IPG
502
DELISTED
Interpublic Group of Companies
IPG
| $19.8M | 0.03% |
623,179
-2,427,682
| -80% | -$77.6M |
|
503
Allison Transmission
ALSN
$11B
| $19.7M | 0.03% |
497,903
-63,916
| -11% | -$2.72M |
|
504
Atmos Energy
ATO
$28.2B
| $19.6M | 0.03% |
204,299
-82,755
| -29% | -$8.3M |
|
|
XYZ
505
Block Inc
XYZ
$49.4B
| $19.6M | 0.03% |
80,428
+39,328
| +96% | +$9.12M |
|
506
Pentair
PNR
$10.3B
| $19.5M | 0.03% |
290,578
-241,215
| -45% | -$16M |
|
507
Southwest Gas
SWX
$6.44B
| $19.4M | 0.03% |
295,803
-60,144
| -17% | -$4.1M |
|
508
PNC Financial Services
PNC
$97B
| $19.4M | 0.03% |
101,788
+10,058
| +11% | +$1.89M |
|
509
Jack in the Box
JACK
$331M
| $19.3M | 0.03% |
173,495
-31,994
| -16% | -$3.74M |
|
|
VMRK
510
Vivmark Residential
VMRK
$25B
| $19.2M | 0.03% |
249,288
+5,609
| +2% | +$424K |
|
511
FNB Corp
FNB
$6.6B
| $19.2M | 0.03% |
1,553,598
-102,301
| -6% | -$1.33M |
|
512
Westlake Corp
WLK
$10.1B
| $19.1M | 0.03% |
212,310
+51,452
| +32% | +$5M |
|
513
Las Vegas Sands
LVS
$30.5B
| $19M | 0.03% |
361,926
+352,372
| +3,688% | +$20.3M |
|
|
SAFM
514
DELISTED
Sanderson Farms Inc
SAFM
| $18.9M | 0.03% |
100,625
+85,640
| +572% | +$14.4M |
|
515
Freeport-McMoran
FCX
$110B
| $18.9M | 0.03% |
508,397
-164,741
| -24% | -$6.42M |
|
|
PGRE
516
DELISTED
Paramount Group
PGRE
| $18.8M | 0.03% |
1,887,300
-50,049
| -3% | -$533K |
|
517
Lithia Motors
LAD
$8.15B
| $18.7M | 0.03% |
55,406
+5,079
| +10% | +$1.84M |
|
518
Medpace
MEDP
$17.3B
| $18.7M | 0.03% |
105,791
-14,201
| -12% | -$2.45M |
|
519
NNN REIT
NNN
$8.8B
| $18.6M | 0.03% |
397,376
+140,151
| +54% | +$6.56M |
|
520
Lear
LEA
$8.56B
| $18.6M | 0.03% |
106,180
-73,331
| -41% | -$13.6M |
|
521
Teledyne Technologies
TDY
$29.5B
| $18.5M | 0.03% |
44,587
-1,156
| -3% | -$491K |
|
522
TAL Education Group
TAL
$6.28B
| $18.5M | 0.03% |
732,394
-332
| -0% | -$14.8K |
|
523
SEI Investments
SEIC
$13.1B
| $18.4M | 0.03% |
297,732
-11,282
| -4% | -$703K |
|
524
Louisiana-Pacific
LPX
$5.12B
| $18.2M | 0.03% |
311,668
+65,981
| +27% | +$4.22M |
|
525
Hasbro
HAS
$13.2B
| $18.2M | 0.03% |
193,741
-9,888
| -5% | -$950K |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.