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
|
+$168M |
| 2 |
AbbVie
ABBV
|
+$164M |
| 3 |
TSMC
TSM
|
+$147M |
| 4 |
Amgen
AMGN
|
+$139M |
| 5 |
Walmart Inc
WMT
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$186M |
| 2 |
AGN
Allergan Inc
AGN
|
+$175M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$175M |
| 4 |
HCBK
HUDSON CITY BANCORP INC
HCBK
|
+$172M |
| 5 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.2% |
| 2 | Technology | 17.16% |
| 3 | Financials | 12.6% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Industrials | 10.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Anika Therapeutics
ANIK
$291M
| $8.31M | 0.02% |
201,851
-22,301
| -10% | -$902K |
|
602
American States Water
AWR
$3.51B
| $8.28M | 0.02% |
207,605
-71,700
| -26% | -$2.85M |
|
603
Emergent Biosolutions
EBS
$260M
| $8.22M | 0.02% |
285,765
+17,302
| +6% | +$496K |
|
604
Jack in the Box
JACK
$331M
| $8.2M | 0.02% |
85,523
-12,387
| -13% | -$1.12M |
|
605
Annaly Capital Management
NLY
$17.5B
| $8.18M | 0.02% |
196,606
+21,550
| +12% | +$916K |
|
606
Teleflex
TFX
$5.88B
| $8.17M | 0.02% |
67,582
+8,132
| +14% | +$941K |
|
|
ESRX
607
DELISTED
Express Scripts Holding Company
ESRX
| $8.14M | 0.02% |
93,819
+46,638
| +99% | +$3.91M |
|
|
AUY
608
DELISTED
Yamana Gold, Inc.
AUY
| $8.13M | 0.02% |
2,268,199
-783,700
| -26% | -$3.17M |
|
609
Aecom
ACM
$8.34B
| $8.12M | 0.02% |
263,424
-246,900
| -48% | -$7.04M |
|
610
The Ensign Group
ENSG
$10.5B
| $8.11M | 0.02% |
369,799
+30,105
| +9% | +$613K |
|
|
UNT
611
DELISTED
UNIT Corporation
UNT
| $8.1M | 0.02% |
289,571
-104,200
| -26% | -$3.1M |
|
612
Cooper Companies
COO
$14.9B
| $8.09M | 0.02% |
172,624
-51,200
| -23% | -$2.16M |
|
|
ALR
613
DELISTED
Alere Inc
ALR
| $8.09M | 0.02% |
165,386
+30,819
| +23% | +$1.35M |
|
614
Petrobras Class A
PBR.A
$111B
| $8.08M | 0.02% |
1,326,575
-707,167
| -35% | -$4.6M |
|
615
Dominion Energy
D
$58.6B
| $8.05M | 0.02% |
113,599
-106,240
| -48% | -$7.88M |
|
616
Burlington
BURL
$20.6B
| $8.03M | 0.02% |
135,172
+126,272
| +1,419% | +$6.77M |
|
617
Spectrum Brands
SPB
$2B
| $8.03M | 0.02% |
89,645
+68,045
| +315% | +$6.35M |
|
618
Molson Coors Class B
TAP
$8.01B
| $7.98M | 0.02% |
107,210
+48,380
| +82% | +$3.65M |
|
619
Ionis Pharmaceuticals
IONS
$9.93B
| $7.98M | 0.02% |
125,347
+12,500
| +11% | +$848K |
|
|
PSB
620
DELISTED
PS Business Parks, Inc.
PSB
| $7.96M | 0.02% |
95,808
+2,800
| +3% | +$231K |
|
621
Fluor
FLR
$7.01B
| $7.92M | 0.02% |
138,526
-122,660
| -47% | -$6.97M |
|
622
American Eagle Outfitters
AEO
$2.71B
| $7.89M | 0.02% |
462,210
+25,110
| +6% | +$383K |
|
623
Fabrinet
FN
$15.6B
| $7.88M | 0.02% |
414,906
-33,499
| -7% | -$585K |
|
624
Allegion
ALLE
$13.8B
| $7.86M | 0.02% |
128,500
+88,027
| +217% | +$5.03M |
|
625
HF Sinclair
DINO
$17.3B
| $7.86M | 0.02% |
195,183
-33,937
| -15% | -$1.3M |
|
Similar funds
Cliff Asness's Q1 2015 Portfolio in Review
As of Q1 2015, Cliff Asness held 2,617 positions worth $43.8B, down 8.4% from $47.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness withdrew a net $2.6B in Q1 2015, closing 480 positions and reducing 931 holdings. Its most notable exit was Allergan Inc, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Cliff Asness opened a new position in Qorvo worth $68.6M.
- Cliff Asness's largest Q1 2015 buy was Qorvo: 860,877 shares worth $68.6M.
- Cliff Asness added most to Microsoft in Q1 2015, an estimated $168M increase.
- Cliff Asness's biggest Q1 2015 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $186M.
- Cliff Asness fully exited Allergan Inc in Q1 2015, selling an estimated $175M.
- Cliff Asness's ten largest holdings make up 11% of its $43.8B portfolio in Q1 2015.
- Cliff Asness opened 198 new positions and closed 480 in Q1 2015.
- Cliff Asness's portfolio value fell 8.4% quarter-over-quarter to $43.8B.
Based on AQR Capital Management's 13F filing for Q1 2015, filed 15 May 2015.