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 |
Progressive
PGR
|
+$210M |
| 2 |
Eli Lilly
LLY
|
+$183M |
| 3 |
Delta Air Lines
DAL
|
+$160M |
| 4 |
Airbnb
ABNB
|
+$152M |
| 5 |
CME Group
CME
|
+$144M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 2 |
Cisco
CSCO
|
+$172M |
| 3 |
AGCO
AGCO
|
+$132M |
| 4 |
DraftKings
DKNG
|
+$131M |
| 5 |
PACCAR
PCAR
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Financials | 14.78% |
| 3 | Healthcare | 14.06% |
| 4 | Industrials | 12.52% |
| 5 | Consumer Discretionary | 11.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
SPDR Gold Trust
GLD
$155B
| $23.1M | 0.03% |
95,026
+87
| +0.1% | +$19.9K |
|
602
Freshpet
FRPT
$3.64B
| $23.1M | 0.03% |
171,291
+101,937
| +147% | +$13.3M |
|
603
Baxter International
BAX
$13.5B
| $23.1M | 0.03% |
614,640
-318,271
| -34% | -$11.7M |
|
604
Dominion Energy
D
$58.7B
| $22.9M | 0.03% |
399,412
+365,665
| +1,084% | +$20M |
|
605
Casey's General Stores
CASY
$31.4B
| $22.8M | 0.03% |
61,451
-24,918
| -29% | -$9.32M |
|
606
KBR
KBR
$4.75B
| $22.7M | 0.03% |
348,208
+187,057
| +116% | +$12.2M |
|
607
Harmony Gold Mining
HMY
$14.2B
| $22.6M | 0.03% |
2,219,400
+651,857
| +42% | +$6.36M |
|
608
Dentsply Sirona
XRAY
$2.17B
| $22.5M | 0.03% |
838,256
+456,061
| +119% | +$11.6M |
|
609
lululemon athletica
LULU
$13.7B
| $22M | 0.03% |
81,123
-25,607
| -24% | -$6.8M |
|
|
AVB
610
DELISTED
AvalonBay Communities
AVB
| $22M | 0.03% |
98,296
+28,122
| +40% | +$6.07M |
|
611
Intel
INTC
$460B
| $21.9M | 0.03% |
934,525
-2,840,108
| -75% | -$70.9M |
|
612
LivaNova
LIVN
$4.32B
| $21.7M | 0.03% |
413,867
+283,996
| +219% | +$14.1M |
|
613
Sabra Healthcare REIT
SBRA
$5.21B
| $21.5M | 0.03% |
1,161,641
+725,874
| +167% | +$12.2M |
|
614
Martin Marietta Materials
MLM
$31.9B
| $21M | 0.03% |
39,209
-30,808
| -44% | -$16.7M |
|
|
DFS
615
DELISTED
Discover Financial Services
DFS
| $20.9M | 0.03% |
150,212
-21,709
| -13% | -$2.92M |
|
616
Columbia Sportswear
COLM
$3.08B
| $20.6M | 0.03% |
249,140
+53,207
| +27% | +$4.27M |
|
617
KE Holdings
BEKE
$19.6B
| $20.5M | 0.03% |
1,031,310
+1,635
| +0.2% | +$24.1K |
|
618
Realty Income
O
$59.4B
| $20.5M | 0.03% |
326,884
+62,055
| +23% | +$3.69M |
|
619
Watts Water Technologies
WTS
$12.5B
| $20.4M | 0.03% |
98,480
+28,866
| +41% | +$5.58M |
|
620
CAVA Group
CAVA
$8.5B
| $20.3M | 0.03% |
164,280
+162,041
| +7,237% | +$16.5M |
|
621
Mid-America Apartment Communities
MAA
$15.4B
| $20.2M | 0.03% |
127,759
-11,912
| -9% | -$1.82M |
|
622
CSX Corp
CSX
$95.5B
| $20.2M | 0.03% |
583,878
+276,914
| +90% | +$9.4M |
|
623
Virtu Financial
VIRT
$5.74B
| $20.2M | 0.03% |
661,757
-1,046,538
| -61% | -$29.8M |
|
624
Highwoods Properties
HIW
$3.48B
| $20.1M | 0.03% |
607,650
-195,080
| -24% | -$5.97M |
|
625
International Bancshares
IBOC
$4.48B
| $20M | 0.03% |
337,265
+21,005
| +7% | +$1.29M |
|
Similar funds
Cliff Asness's Q3 2024 Portfolio in Review
As of Q3 2024, Cliff Asness held 2,920 positions worth $72.4B, up 11% from $65.2B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Cliff Asness deployed $2.92B of net new capital in Q3 2024, opening 326 new positions and adding to 1,272 existing holdings. Its largest new stake was Amentum Holdings: 639,326 shares worth $15.3M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- Cliff Asness's largest Q3 2024 buy was Amentum Holdings: 639,326 shares worth $15.3M.
- Cliff Asness added most to Progressive in Q3 2024, an estimated $210M increase.
- Cliff Asness's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- Cliff Asness fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $33.3M.
- Cliff Asness's ten largest holdings make up 14% of its $72.4B portfolio in Q3 2024.
- Cliff Asness opened 326 new positions and closed 169 in Q3 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $72.4B.
Based on AQR Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.