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 | |
|---|---|---|---|---|---|---|
626
United Rentals
URI
$67.4B
| $21M | 0.03% |
29,788
-7,167
| -19% | -$5.83M |
|
627
iShares Russell 1000 ETF
IWB
$48.8B
| $21M | 0.03% |
65,058
+33,259
| +105% | +$10.8M |
|
628
Corning
GLW
$125B
| $20.9M | 0.03% |
440,740
+139,120
| +46% | +$6.59M |
|
629
CMS Energy
CMS
$21.5B
| $20.7M | 0.03% |
309,963
+64,164
| +26% | +$4.41M |
|
630
Envista
NVST
$4.39B
| $20.6M | 0.03% |
1,066,948
-171,279
| -14% | -$3.39M |
|
631
Eastman Chemical
EMN
$8.31B
| $20.6M | 0.03% |
225,169
-103,224
| -31% | -$10.6M |
|
632
FNB Corp
FNB
$6.58B
| $20.6M | 0.03% |
1,390,708
-331,349
| -19% | -$5.08M |
|
633
Omega Healthcare
OHI
$14.1B
| $20.4M | 0.03% |
539,239
-217,210
| -29% | -$8.68M |
|
634
Conagra Brands
CAG
$8B
| $20.4M | 0.03% |
735,656
+7,270
| +1% | +$206K |
|
635
Cullen/Frost Bankers
CFR
$10.2B
| $20.3M | 0.03% |
151,176
-71,754
| -32% | -$9.42M |
|
636
Coherent
COHR
$53.9B
| $20.3M | 0.03% |
213,805
-60,677
| -22% | -$6.07M |
|
637
Clean Harbors
CLH
$16.6B
| $20.2M | 0.03% |
87,885
-34,020
| -28% | -$8.45M |
|
638
Flowers Foods
FLO
$1.54B
| $20.2M | 0.03% |
981,767
-291,334
| -23% | -$6.41M |
|
639
Sotera Health
SHC
$5.47B
| $20.2M | 0.03% |
1,484,301
-1,079,783
| -42% | -$15.7M |
|
640
International Paper
IP
$21.7B
| $20.2M | 0.03% |
374,483
-20,158
| -5% | -$1.08M |
|
641
Aptiv
APTV
$9.83B
| $20.2M | 0.03% |
333,200
+235,745
| +242% | +$14.4M |
|
642
Yum China
YUMC
$16.7B
| $20M | 0.03% |
415,686
-2,040
| -0.5% | -$96.7K |
|
643
Fabrinet
FN
$15.1B
| $20M | 0.03% |
93,089
+59,594
| +178% | +$14.4M |
|
644
Veralto
VLTO
$24.2B
| $19.9M | 0.03% |
195,218
+33,986
| +21% | +$3.62M |
|
645
NXP Semiconductors
NXPI
$56.1B
| $19.9M | 0.03% |
95,543
-411,121
| -81% | -$93.5M |
|
646
Freshpet
FRPT
$3.68B
| $19.8M | 0.03% |
134,613
-36,678
| -21% | -$5.34M |
|
647
MSC Industrial Direct
MSM
$6.66B
| $19.8M | 0.03% |
269,470
-248,014
| -48% | -$20.4M |
|
648
Cabot Corp
CBT
$4.33B
| $19.8M | 0.03% |
216,834
-10,797
| -5% | -$1.16M |
|
649
FirstCash
FCFS
$10.3B
| $19.7M | 0.03% |
190,943
+37,879
| +25% | +$4.08M |
|
650
MDU Resources
MDU
$4.2B
| $19.7M | 0.03% |
1,095,360
-1,716,144
| -61% | -$30.1M |
|
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.