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 | |
|---|---|---|---|---|---|---|
676
Vanguard Information Technology ETF
VGT
$143B
| $77.8M | 0.03% |
651,104
+230,336
| +55% | +$25.2M |
|
677
United Rentals
URI
$68B
| $77.7M | 0.03% |
68,943
+29,091
| +73% | +$27.7M |
|
678
EPR Properties
EPR
$4.65B
| $77.5M | 0.03% |
1,336,730
-122,941
| -8% | -$6.99M |
|
679
Zoetis
ZTS
$31.8B
| $77M | 0.03% |
1,070,929
+462,979
| +76% | +$43.6M |
|
680
Universal Health Services
UHS
$10.4B
| $76.9M | 0.03% |
523,210
-61,848
| -11% | -$10.1M |
|
681
Sarepta Therapeutics
SRPT
$1.94B
| $76.9M | 0.03% |
4,325,689
-2,107,423
| -33% | -$39.9M |
|
|
OGC
682
OceanaGold Corp
OGC
$6.85B
| $76.8M | 0.03% |
+3,100,774
| New | +$92.7M |
|
683
Western Union
WU
$2.31B
| $76.7M | 0.03% |
10,111,595
-588,010
| -5% | -$4.93M |
|
684
Nexstar Media Group
NXST
$5.74B
| $76.6M | 0.03% |
433,717
+34,361
| +9% | +$6.43M |
|
685
Harmony Gold Mining
HMY
$14.3B
| $76.6M | 0.03% |
5,069,547
-875,782
| -15% | -$14.5M |
|
686
Stellantis
STLA
$19.6B
| $76.6M | 0.03% |
13,471,352
+12,969,780
| +2,586% | +$95.9M |
|
687
Constellium
CSTM
$3.64B
| $76.6M | 0.03% |
2,402,937
+328,076
| +16% | +$10.6M |
|
688
BellRing Brands
BRBR
$1.21B
| $76.4M | 0.03% |
6,067,631
-2,465,829
| -29% | -$29.7M |
|
689
Cencora
COR
$60.9B
| $76.4M | 0.03% |
272,728
-150,308
| -36% | -$43.3M |
|
690
Canadian Pacific Kansas City
CP
$83.5B
| $76.2M | 0.03% |
882,631
-93,500
| -10% | -$8.01M |
|
691
Aflac
AFL
$59.2B
| $76.2M | 0.03% |
649,847
+306,514
| +89% | +$35.3M |
|
692
Credo Technology Group
CRDO
$40.2B
| $76M | 0.03% |
290,303
-176,220
| -38% | -$34.8M |
|
693
iShares Russell 2000 ETF
IWM
$81.5B
| $76M | 0.03% |
253,000
+34,979
| +16% | +$9.83M |
|
694
American States Water
AWR
$3.58B
| $76M | 0.03% |
919,629
+446,092
| +94% | +$34.6M |
|
695
Churchill Downs
CHDN
$6.53B
| $75.6M | 0.03% |
843,847
+24,004
| +3% | +$2.15M |
|
696
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $75.4M | 0.03% |
476,821
+36,976
| +8% | +$5.78M |
|
697
Williams Companies
WMB
$85.4B
| $75.2M | 0.03% |
1,011,298
+103,825
| +11% | +$7.64M |
|
698
AstraZeneca
AZN
$255B
| $75M | 0.03% |
400,938
+31,136
| +8% | +$5.86M |
|
|
CNH
699
CNH Industrial
CNH
$19.4B
| $74.8M | 0.03% |
6,661,187
-2,614,753
| -28% | -$27.8M |
|
700
10x Genomics
TXG
$8.25B
| $74.7M | 0.03% |
2,026,464
-511,792
| -20% | -$13.4M |
|
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.