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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Cloudflare
NET
$99.8B
| $22.3M | 0.03% |
207,180
-274,389
| -57% | -$26.8M |
|
|
WCN
602
Waste Connections
WCN
$42.5B
| $22.3M | 0.03% |
130,787
+59,515
| +84% | +$10.8M |
|
603
Advance Auto Parts
AAP
$2.63B
| $22.2M | 0.03% |
469,809
+47,441
| +11% | +$1.93M |
|
604
Quest Diagnostics
DGX
$26.9B
| $22.1M | 0.03% |
146,587
-116,750
| -44% | -$18.2M |
|
605
Estee Lauder
EL
$37.7B
| $22.1M | 0.03% |
294,857
+96,841
| +49% | +$7.65M |
|
606
Spectrum Brands
SPB
$2.03B
| $22.1M | 0.03% |
261,507
+113,238
| +76% | +$10.3M |
|
607
Southern Company
SO
$104B
| $22.1M | 0.03% |
267,878
+97,619
| +57% | +$8.56M |
|
|
SCHW
608
Charles Schwab
SCHW
$197B
| $22M | 0.03% |
296,978
+207,263
| +231% | +$15.5M |
|
609
Dover
DOV
$27.4B
| $21.9M | 0.03% |
117,099
+63,138
| +117% | +$12.3M |
|
610
International Bancshares
IBOC
$4.45B
| $21.8M | 0.03% |
344,645
+7,380
| +2% | +$490K |
|
611
Texas Instruments
TXN
$236B
| $21.8M | 0.03% |
116,077
-48,415
| -29% | -$9.68M |
|
612
United Parcel Service
UPS
$87.4B
| $21.7M | 0.03% |
173,124
-192,762
| -53% | -$25.4M |
|
613
Viking Therapeutics
VKTX
$3.88B
| $21.5M | 0.03% |
537,239
+73,710
| +16% | +$4.2M |
|
614
Digital Realty Trust
DLR
$69.8B
| $21.5M | 0.03% |
121,212
-38,454
| -24% | -$6.82M |
|
615
AngloGold Ashanti
AU
$60.9B
| $21.5M | 0.03% |
930,781
+919,006
| +7,805% | +$24M |
|
616
Schneider National
SNDR
$6.11B
| $21.4M | 0.03% |
731,956
-212,085
| -22% | -$6.31M |
|
617
Organon & Co
OGN
$3.61B
| $21.3M | 0.03% |
1,442,155
-1,032,535
| -42% | -$16.8M |
|
|
K
618
DELISTED
Kellanova
K
| $21.3M | 0.03% |
263,254
-58,206
| -18% | -$4.7M |
|
619
MarketAxess Holdings
MKTX
$5.72B
| $21.3M | 0.03% |
94,205
+79,178
| +527% | +$20.8M |
|
620
Iron Mountain
IRM
$36.1B
| $21.2M | 0.03% |
203,864
+40,162
| +25% | +$4.72M |
|
621
Commercial Metals
CMC
$7.18B
| $21.1M | 0.03% |
425,761
-84,588
| -17% | -$4.77M |
|
|
PINC
622
DELISTED
Premier
PINC
| $21.1M | 0.03% |
995,906
-422,267
| -30% | -$8.96M |
|
623
Dow Inc
DOW
$22.7B
| $21.1M | 0.03% |
528,688
-26,541
| -5% | -$1.24M |
|
624
Newell Brands
NWL
$2.59B
| $21M | 0.03% |
2,112,751
-1,661,991
| -44% | -$15.1M |
|
625
Sabra Healthcare REIT
SBRA
$5.23B
| $21M | 0.03% |
1,222,858
+61,217
| +5% | +$1.12M |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.