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 |
Microsoft
MSFT
|
+$1.58B |
| 2 |
NVIDIA
NVDA
|
+$1.08B |
| 3 |
Costco
COST
|
+$680M |
| 4 |
Booking.com
BKNG
|
+$647M |
| 5 |
Broadcom
AVGO
|
+$559M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$355M |
| 2 |
Walmart Inc
WMT
|
+$348M |
| 3 |
Zoom
ZM
|
+$321M |
| 4 |
Merck
MRK
|
+$303M |
| 5 |
Lyft
LYFT
|
+$250M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.29% |
| 2 | Financials | 14.55% |
| 3 | Industrials | 13.75% |
| 4 | Consumer Discretionary | 11.6% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Commerce Bancshares
CBSH
$8.43B
| $91.4M | 0.04% |
1,863,592
+588,789
| +46% | +$30.6M |
|
552
Lowe's Companies
LOW
$122B
| $91.3M | 0.04% |
388,483
-143,740
| -27% | -$37.5M |
|
553
Essent Group
ESNT
$6.17B
| $91.2M | 0.04% |
1,561,273
-302,794
| -16% | -$18.5M |
|
554
Morgan Stanley
MS
$338B
| $91.2M | 0.04% |
561,713
+118,973
| +27% | +$20.6M |
|
555
Qualys
QLYS
$6.2B
| $90.8M | 0.04% |
1,038,928
+405,457
| +64% | +$44.9M |
|
556
Verisk Analytics
VRSK
$24.9B
| $90.3M | 0.04% |
476,805
-799,890
| -63% | -$162M |
|
557
e.l.f. Beauty
ELF
$6.18B
| $90.1M | 0.04% |
1,495,715
+1,166,279
| +354% | +$94.8M |
|
558
Macy's
M
$6.11B
| $89.8M | 0.04% |
4,967,932
+967,593
| +24% | +$19.6M |
|
559
Aecom
ACM
$8.32B
| $89.6M | 0.04% |
1,061,227
+890,444
| +521% | +$84.4M |
|
560
CSX Corp
CSX
$95.6B
| $89.6M | 0.04% |
2,227,123
-227,165
| -9% | -$8.9M |
|
561
Harmony Gold Mining
HMY
$14.4B
| $89.5M | 0.04% |
5,945,329
+214,639
| +4% | +$4.24M |
|
562
Littelfuse
LFUS
$10.2B
| $88.5M | 0.04% |
267,241
-20,762
| -7% | -$6.74M |
|
563
Grand Canyon Education
LOPE
$3.92B
| $88.1M | 0.04% |
519,271
-129,998
| -20% | -$21.8M |
|
|
PPLI
564
People Inc
PPLI
$2.85B
| $88.1M | 0.04% |
2,203,183
+551,976
| +33% | +$20.9M |
|
565
FirstCash
FCFS
$9.95B
| $88.1M | 0.04% |
479,066
-76,820
| -14% | -$13.9M |
|
566
Blue Owl Capital
OWL
$18.4B
| $87.8M | 0.04% |
9,618,755
+8,438,012
| +715% | +$102M |
|
567
DTE Energy
DTE
$28.1B
| $87.3M | 0.04% |
601,986
-311,958
| -34% | -$43.9M |
|
568
Sonoco
SON
$5.69B
| $86.9M | 0.04% |
1,607,418
-305,491
| -16% | -$15.7M |
|
569
American Financial Group
AFG
$12B
| $86.6M | 0.04% |
680,089
+416,649
| +158% | +$54.1M |
|
|
LINE
570
Lineage Inc
LINE
$9.42B
| $86.1M | 0.04% |
2,692,234
+1,361,795
| +102% | +$50.4M |
|
571
Planet Fitness
PLNT
$4.14B
| $86.1M | 0.04% |
1,157,250
+1,149,236
| +14,340% | +$101M |
|
572
Lamb Weston
LW
$7.52B
| $85.7M | 0.04% |
2,096,224
+1,642,547
| +362% | +$73.3M |
|
573
American Water Works
AWK
$27.5B
| $85.2M | 0.04% |
625,928
+138,042
| +28% | +$18.2M |
|
574
Stanley Black & Decker
SWK
$15.2B
| $84.8M | 0.04% |
1,221,501
+711,870
| +140% | +$57.2M |
|
575
Dimensional US Core Equity 2 ETF
DFAC
$49.2B
| $84.6M | 0.04% |
2,175,911
+668,236
| +44% | +$26.9M |
|
Similar funds
Cliff Asness's Q1 2026 Portfolio in Review
As of Q1 2026, Cliff Asness held 3,840 positions worth $218B, up 15% from $191B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness deployed $35.3B of net new capital in Q1 2026, opening 278 new positions and adding to 2,380 existing holdings. Its largest new stake was Versant Media Group: 5,801,568 shares worth $211M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Atlassian, an estimated $355M trimmed.
- Cliff Asness's largest Q1 2026 buy was Versant Media Group: 5,801,568 shares worth $211M.
- Cliff Asness added most to Microsoft in Q1 2026, an estimated $1.58B increase.
- Cliff Asness's biggest Q1 2026 reduction was Atlassian, cutting an estimated $355M.
- Cliff Asness fully exited Exact Sciences in Q1 2026, selling an estimated $226M.
- Cliff Asness's ten largest holdings make up 11% of its $218B portfolio in Q1 2026.
- Cliff Asness opened 278 new positions and closed 101 in Q1 2026.
- Cliff Asness's portfolio value rose 15% quarter-over-quarter to $218B.
Based on AQR Capital Management's 13F filing for Q1 2026, filed 15 May 2026.