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 | |
|---|---|---|---|---|---|---|
526
Dimensional US Core Equity 2 ETF
DFAC
$49.3B
| $132M | 0.05% |
2,984,095
+808,184
| +37% | +$34.6M |
|
527
Coca-Cola
KO
$392B
| $132M | 0.05% |
1,628,007
+126,583
| +8% | +$10M |
|
528
Edwards Lifesciences
EW
$51.8B
| $132M | 0.05% |
1,465,185
-503,568
| -26% | -$42.2M |
|
|
HONA
529
Honeywell Aerospace
HONA
$52.2B
| $132M | 0.05% |
+595,203
| New | +$131M |
|
530
Arch Capital
ACGL
$33.9B
| $131M | 0.05% |
1,353,793
-1,377,778
| -50% | -$130M |
|
531
Whirlpool
WHR
$2.63B
| $131M | 0.05% |
3,453,534
+3,007,599
| +674% | +$141M |
|
532
Salesforce
CRM
$171B
| $131M | 0.05% |
836,362
-1,828,206
| -69% | -$321M |
|
533
Sea Limited
SE
$72B
| $131M | 0.05% |
1,424,361
+569,373
| +67% | +$50.1M |
|
534
CRH
CRH
$63.2B
| $130M | 0.05% |
1,210,869
-767,800
| -39% | -$84.5M |
|
535
Thermo Fisher Scientific
TMO
$233B
| $129M | 0.05% |
257,910
+132,228
| +105% | +$63.5M |
|
536
Snap
SNAP
$8.86B
| $129M | 0.04% |
29,294,755
+17,877,436
| +157% | +$97.8M |
|
537
DaVita
DVA
$11.1B
| $128M | 0.04% |
587,758
+177,744
| +43% | +$32.3M |
|
538
Truist Financial
TFC
$61.6B
| $128M | 0.04% |
2,563,396
-889,489
| -26% | -$43.8M |
|
539
Allison Transmission
ALSN
$11B
| $127M | 0.04% |
1,130,415
-105,017
| -9% | -$12.7M |
|
|
SW
540
Smurfit Westrock
SW
$25.9B
| $127M | 0.04% |
2,802,631
-2,240,583
| -44% | -$92.5M |
|
541
Baker Hughes
BKR
$61.9B
| $126M | 0.04% |
2,278,339
+1,129,009
| +98% | +$71.4M |
|
|
PPLI
542
People Inc
PPLI
$2.86B
| $125M | 0.04% |
2,723,710
+520,527
| +24% | +$22.2M |
|
543
Estee Lauder
EL
$36.9B
| $125M | 0.04% |
1,603,690
+951,856
| +146% | +$76.9M |
|
544
EQT Corp
EQT
$33.6B
| $125M | 0.04% |
2,344,336
+37,599
| +2% | +$2.11M |
|
545
Aecom
ACM
$8.34B
| $124M | 0.04% |
1,795,383
+734,156
| +69% | +$56.2M |
|
546
Texas Pacific Land
TPL
$26.5B
| $124M | 0.04% |
282,585
+216,912
| +330% | +$87.9M |
|
547
eBay
EBAY
$46.3B
| $123M | 0.04% |
1,112,823
+92,720
| +9% | +$9.89M |
|
548
Cincinnati Financial
CINF
$25.8B
| $122M | 0.04% |
657,137
-135,574
| -17% | -$22.5M |
|
549
AES
AES
$10.5B
| $121M | 0.04% |
8,295,592
+6,843,506
| +471% | +$99.4M |
|
550
Eaton
ETN
$163B
| $120M | 0.04% |
287,651
-89,219
| -24% | -$36M |
|
Similar funds
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.