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 | |
|---|---|---|---|---|---|---|
|
CRWV
601
CoreWeave
CRWV
$47.5B
| $105M | 0.04% |
1,068,013
+1,050,817
| +6,111% | +$113M |
|
602
Celsius Holdings
CELH
$8.79B
| $104M | 0.04% |
3,565,178
+3,250,639
| +1,033% | +$102M |
|
603
United Bankshares
UBSI
$6.52B
| $104M | 0.04% |
2,289,566
-85,123
| -4% | -$3.72M |
|
604
Quanta Services
PWR
$93.1B
| $104M | 0.04% |
145,864
+27,924
| +24% | +$19.1M |
|
605
Blackstone
BX
$108B
| $104M | 0.04% |
892,180
-70,800
| -7% | -$8.51M |
|
606
Graham Holdings Company
GHC
$4.98B
| $103M | 0.04% |
90,131
-2,110
| -2% | -$2.37M |
|
607
Ferguson
FERG
$45.9B
| $103M | 0.04% |
434,574
-206
| -0% | -$49.7K |
|
608
Valmont Industries
VMI
$9.28B
| $102M | 0.04% |
178,340
-31,456
| -15% | -$15.8M |
|
609
Cognex
CGNX
$9.87B
| $102M | 0.04% |
1,458,087
-73,057
| -5% | -$4.43M |
|
610
lululemon athletica
LULU
$14B
| $101M | 0.04% |
901,601
-594,265
| -40% | -$79.4M |
|
611
Schneider National
SNDR
$6.12B
| $101M | 0.04% |
2,767,845
+298,118
| +12% | +$9.72M |
|
612
Live Nation Entertainment
LYV
$42.7B
| $101M | 0.04% |
550,868
+93,685
| +20% | +$15.4M |
|
613
Snap-on
SNA
$20.3B
| $100M | 0.03% |
251,421
-14,504
| -5% | -$5.48M |
|
614
Travel + Leisure Co
TNL
$4.45B
| $99.9M | 0.03% |
1,307,339
-543,747
| -29% | -$38.2M |
|
|
SFD
615
Smithfield Foods
SFD
$8.81B
| $99.8M | 0.03% |
4,112,981
+2,996,668
| +268% | +$80.1M |
|
616
Essent Group
ESNT
$6.16B
| $99.5M | 0.03% |
1,548,044
-13,229
| -0.8% | -$801K |
|
617
Constellation Energy
CEG
$97.1B
| $98.6M | 0.03% |
397,063
+150,735
| +61% | +$42.5M |
|
618
SiriusXM
SIRI
$9.59B
| $98.4M | 0.03% |
3,396,308
+407,401
| +14% | +$10.9M |
|
619
Becton Dickinson
BDX
$52B
| $98.1M | 0.03% |
650,190
-107,740
| -14% | -$16.1M |
|
620
Nordson
NDSN
$18.6B
| $98M | 0.03% |
325,112
+174,877
| +116% | +$49.6M |
|
621
First Solar
FSLR
$22.5B
| $97.9M | 0.03% |
414,876
-386,803
| -48% | -$90.7M |
|
622
MGM Resorts International
MGM
$11B
| $97.8M | 0.03% |
2,045,872
-1,138,159
| -36% | -$47.3M |
|
623
iShares Russell 1000 ETF
IWB
$48.8B
| $97.8M | 0.03% |
238,849
+70,522
| +42% | +$27.9M |
|
624
Albertsons Companies
ACI
$6.14B
| $97.4M | 0.03% |
7,320,324
+1,343,862
| +22% | +$21.5M |
|
625
Manulife Financial
MFC
$70.9B
| $97.4M | 0.03% |
2,404,786
-361,578
| -13% | -$14M |
|
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.