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 | |
|---|---|---|---|---|---|---|
626
Blue Owl Capital
OWL
$18.2B
| $97.4M | 0.03% |
11,256,822
+1,638,067
| +17% | +$15.6M |
|
627
Pan American Silver
PAAS
$22.2B
| $97M | 0.03% |
2,190,916
+1,223,784
| +127% | +$65.6M |
|
628
Procore
PCOR
$9.5B
| $96.9M | 0.03% |
2,386,381
-2,880,360
| -55% | -$142M |
|
629
Macy's
M
$6.11B
| $96.1M | 0.03% |
4,099,820
-868,112
| -17% | -$18.2M |
|
630
Boston Beer
SAM
$1.95B
| $95.6M | 0.03% |
539,988
-111,996
| -17% | -$22.7M |
|
631
Kraft Heinz
KHC
$30.5B
| $95.1M | 0.03% |
4,024,280
+1,253,157
| +45% | +$28.9M |
|
632
iShares Russell 1000 Growth ETF
IWF
$124B
| $94.7M | 0.03% |
762,666
+44,282
| +6% | +$5.34M |
|
633
Associated Banc-Corp
ASB
$5.85B
| $94.6M | 0.03% |
3,074,030
+1,680,541
| +121% | +$47.4M |
|
634
Rivian
RIVN
$24.2B
| $94.3M | 0.03% |
5,604,786
+873,731
| +18% | +$13.6M |
|
635
Littelfuse
LFUS
$10.2B
| $93.8M | 0.03% |
205,920
-61,321
| -23% | -$26.5M |
|
636
Huntsman Corp
HUN
$1.69B
| $92.5M | 0.03% |
8,713,741
-2,876,925
| -25% | -$39.6M |
|
637
FMC
FMC
$1.42B
| $91.1M | 0.03% |
8,021,709
-1,240,074
| -13% | -$17.3M |
|
638
Campbell Soup
CPB
$7.18B
| $90.7M | 0.03% |
4,070,543
+2,801,673
| +221% | +$59.1M |
|
639
Gates Industrial Corp
GTES
$6.6B
| $90M | 0.03% |
3,216,861
-237,787
| -7% | -$6.11M |
|
640
Kemper
KMPR
$1.64B
| $89.4M | 0.03% |
3,317,802
+2,043,281
| +160% | +$59.5M |
|
641
MACOM Technology Solutions
MTSI
$19.7B
| $88M | 0.03% |
234,075
+21,856
| +10% | +$7.25M |
|
642
Sterling Infrastructure
STRL
$15.3B
| $87.9M | 0.03% |
105,710
-44,393
| -30% | -$31.2M |
|
643
Waste Management
WM
$90.4B
| $87.7M | 0.03% |
394,476
-36,286
| -8% | -$8.07M |
|
644
Evergy
EVRG
$18.7B
| $87.6M | 0.03% |
1,016,302
+130,611
| +15% | +$10.8M |
|
645
HCA Healthcare
HCA
$92.7B
| $87.6M | 0.03% |
225,249
-105,409
| -32% | -$44.6M |
|
646
Packaging Corp of America
PKG
$22.1B
| $87.6M | 0.03% |
369,579
-106,552
| -22% | -$23.4M |
|
647
Gaming and Leisure Properties
GLPI
$12.7B
| $87.2M | 0.03% |
1,957,938
-336,752
| -15% | -$15.8M |
|
648
Gilead Sciences
GILD
$182B
| $86.9M | 0.03% |
695,432
-469,371
| -40% | -$61.8M |
|
649
Humana
HUM
$46.3B
| $86.8M | 0.03% |
222,408
+29,887
| +16% | +$8.51M |
|
650
iShares Core S&P Total US Stock Market ETF
ITOT
$96.8B
| $86.7M | 0.03% |
527,922
+193,871
| +58% | +$30.8M |
|
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.