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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
526
U.S. Core Equity 2 Portfolio ETF Class Shares
DFAC
$48.8B
| $132M | 0.05% |
2,984,095
+808,184
| +37% | +$34.6M |
2023 Q4
10 quarters
|
|
527
Coca-Cola
KO
$399B
| $132M | 0.05% |
1,628,007
+126,583
| +8% | +$10M |
2013 Q2
52 quarters
|
|
528
Edwards Lifesciences
EW
$51.3B
| $132M | 0.05% |
1,465,185
-503,568
| -26% | -$42.2M |
2013 Q2
52 quarters
|
|
|
HONA
529
Honeywell Aerospace
HONA
$51.8B
| $132M | 0.05% |
+595,203
| New | +$131M |
2026 Q2
0 quarters
|
|
530
Arch Capital
ACGL
$34.7B
| $131M | 0.05% |
1,353,793
-1,377,778
| -50% | -$130M |
2014 Q4
46 quarters
|
|
531
Whirlpool
WHR
$1.83B
| $131M | 0.05% |
3,453,534
+3,007,599
| +674% | +$141M |
2013 Q2
52 quarters
|
|
532
Salesforce
CRM
$205B
| $131M | 0.05% |
836,362
-1,828,206
| -69% | -$321M |
2015 Q2
44 quarters
|
|
533
Sea Limited
SE
$45.7B
| $131M | 0.05% |
1,424,361
+569,373
| +67% | +$50.1M |
2021 Q3
19 quarters
|
|
534
CRH
CRH
$56.5B
| $130M | 0.05% |
1,210,869
-767,800
| -39% | -$84.5M |
2024 Q2
8 quarters
|
|
535
Thermo Fisher Scientific
TMO
$249B
| $129M | 0.05% |
257,910
+132,228
| +105% | +$63.5M |
2013 Q2
52 quarters
|
|
536
Snap
SNAP
$10.7B
| $129M | 0.04% |
29,294,755
+17,877,436
| +157% | +$97.8M |
2024 Q1
9 quarters
|
|
537
DaVita
DVA
$11.7B
| $128M | 0.04% |
587,758
+177,744
| +43% | +$32.3M |
2019 Q4
26 quarters
|
|
538
Truist Financial
TFC
$59.2B
| $128M | 0.04% |
2,563,396
-889,489
| -26% | -$43.8M |
2021 Q1
21 quarters
|
|
539
Allison Transmission
ALSN
$8.78B
| $127M | 0.04% |
1,130,415
-105,017
| -9% | -$12.7M |
2017 Q4
34 quarters
|
|
540
Smurfit Westrock
SW
$22B
| $127M | 0.04% |
2,802,631
-2,240,583
| -44% | -$92.5M |
2024 Q3
7 quarters
|
|
541
Baker Hughes
BKR
$55.5B
| $126M | 0.04% |
2,278,339
+1,129,009
| +98% | +$71.4M |
2017 Q3
35 quarters
|
|
542
People Inc
PPLI
$2.87B
| $125M | 0.04% |
2,723,710
+520,527
| +24% | +$22.2M |
2013 Q2
52 quarters
|
|
543
Estee Lauder
EL
$39.4B
| $125M | 0.04% |
1,603,690
+951,856
| +146% | +$76.9M |
2013 Q2
52 quarters
|
|
544
EQT Corp
EQT
$34.8B
| $125M | 0.04% |
2,344,336
+37,599
| +2% | +$2.11M |
2022 Q3
15 quarters
|
|
545
Aecom
ACM
$7.78B
| $124M | 0.04% |
1,795,383
+734,156
| +69% | +$56.2M |
2019 Q2
28 quarters
|
|
546
Texas Pacific Land
TPL
$23.3B
| $124M | 0.04% |
282,585
+216,912
| +330% | +$87.9M |
2024 Q1
9 quarters
|
|
547
eBay
EBAY
$54B
| $123M | 0.04% |
1,112,823
+92,720
| +9% | +$9.9M |
2013 Q2
52 quarters
|
|
548
Cincinnati Financial
CINF
$27.1B
| $122M | 0.04% |
657,137
-135,574
| -17% | -$22.5M |
2013 Q2
52 quarters
|
|
549
AES
AES
$10.7B
| $121M | 0.04% |
8,295,592
+6,843,506
| +471% | +$99.4M |
2013 Q2
52 quarters
|
|
550
Eaton
ETN
$142B
| $120M | 0.04% |
287,651
-89,219
| -24% | -$36M |
2014 Q4
46 quarters
|
|
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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.