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 |
Microsoft
MSFT
|
+$168M |
| 2 |
AbbVie
ABBV
|
+$164M |
| 3 |
TSMC
TSM
|
+$147M |
| 4 |
Amgen
AMGN
|
+$139M |
| 5 |
Walmart Inc
WMT
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$186M |
| 2 |
AGN
Allergan Inc
AGN
|
+$175M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$175M |
| 4 |
HCBK
HUDSON CITY BANCORP INC
HCBK
|
+$172M |
| 5 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.2% |
| 2 | Technology | 17.16% |
| 3 | Financials | 12.6% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Industrials | 10.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
LG Display
LPL
$3.31B
| $6.68M | 0.02% |
466,500
-8,800
| -2% | -$136K |
|
677
American Coastal Insurance
ACIC
$444M
| $6.67M | 0.02% |
296,535
-43,866
| -13% | -$1.05M |
|
678
MYR Group
MYRG
$4.73B
| $6.63M | 0.02% |
211,535
-17,416
| -8% | -$472K |
|
679
Manhattan Associates
MANH
$12.5B
| $6.59M | 0.02% |
130,306
-111,318
| -46% | -$5.37M |
|
680
Viatris
VTRS
$18.7B
| $6.58M | 0.02% |
110,913
+10,500
| +10% | +$599K |
|
|
SKX
681
DELISTED
Skechers
SKX
| $6.57M | 0.02% |
273,978
-55,827
| -17% | -$1.2M |
|
682
Encompass Health
EHC
$12B
| $6.54M | 0.02% |
185,460
-35,277
| -16% | -$1.21M |
|
|
CST
683
DELISTED
CST Brands, Inc.
CST
| $6.54M | 0.01% |
149,107
+78,208
| +110% | +$3.4M |
|
684
Nasdaq
NDAQ
$55.3B
| $6.53M | 0.01% |
384,339
+57,210
| +17% | +$931K |
|
685
RPM International
RPM
$13.7B
| $6.51M | 0.01% |
135,700
+5,400
| +4% | +$261K |
|
686
NiSource
NI
$19.5B
| $6.5M | 0.01% |
374,677
-6,108
| -2% | -$104K |
|
687
iShares MSCI EAFE ETF
EFA
$79.8B
| $6.49M | 0.01% |
101,173
+65,213
| +181% | +$4.11M |
|
688
IQVIA
IQV
$42.9B
| $6.49M | 0.01% |
96,906
+57,206
| +144% | +$3.61M |
|
689
Piper Sandler
PIPR
$5.31B
| $6.47M | 0.01% |
493,144
+15,604
| +3% | +$212K |
|
690
Federal Realty Investment Trust
FRT
$10.2B
| $6.43M | 0.01% |
43,716
+9,300
| +27% | +$1.33M |
|
691
Teradyne
TER
$55.6B
| $6.42M | 0.01% |
340,394
-16,948
| -5% | -$325K |
|
|
VSTO
692
DELISTED
Vista Outdoor Inc.
VSTO
| $6.39M | 0.01% |
+149,136
| New | +$6.33M |
|
|
PDCO
693
DELISTED
Patterson Companies, Inc.
PDCO
| $6.35M | 0.01% |
130,216
-40,384
| -24% | -$2.01M |
|
694
Benchmark Electronics
BHE
$2.55B
| $6.33M | 0.01% |
263,540
+2,828
| +1% | +$67.5K |
|
695
ICU Medical
ICUI
$4.55B
| $6.32M | 0.01% |
67,899
+23,040
| +51% | +$2.02M |
|
696
Factset
FDS
$10.9B
| $6.31M | 0.01% |
39,634
+19,900
| +101% | +$2.98M |
|
697
Fidelity National Financial
FNF
$12.6B
| $6.31M | 0.01% |
247,086
-2,364
| -0.9% | -$59.6K |
|
698
Zebra Technologies
ZBRA
$17.2B
| $6.3M | 0.01% |
69,496
-141,230
| -67% | -$12.2M |
|
|
LORL
699
DELISTED
Loral Space and Communications, Inc.
LORL
| $6.3M | 0.01% |
92,085
+1,900
| +2% | +$137K |
|
700
Universal Insurance Holdings
UVE
$1.22B
| $6.3M | 0.01% |
246,240
-77,256
| -24% | -$1.82M |
|
Similar funds
Cliff Asness's Q1 2015 Portfolio in Review
As of Q1 2015, Cliff Asness held 2,617 positions worth $43.8B, down 8.4% from $47.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness withdrew a net $2.6B in Q1 2015, closing 480 positions and reducing 931 holdings. Its most notable exit was Allergan Inc, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Cliff Asness opened a new position in Qorvo worth $68.6M.
- Cliff Asness's largest Q1 2015 buy was Qorvo: 860,877 shares worth $68.6M.
- Cliff Asness added most to Microsoft in Q1 2015, an estimated $168M increase.
- Cliff Asness's biggest Q1 2015 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $186M.
- Cliff Asness fully exited Allergan Inc in Q1 2015, selling an estimated $175M.
- Cliff Asness's ten largest holdings make up 11% of its $43.8B portfolio in Q1 2015.
- Cliff Asness opened 198 new positions and closed 480 in Q1 2015.
- Cliff Asness's portfolio value fell 8.4% quarter-over-quarter to $43.8B.
Based on AQR Capital Management's 13F filing for Q1 2015, filed 15 May 2015.