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 | |
|---|---|---|---|---|---|---|
676
Ally Financial
ALLY
$12.9B
| $18.2M | 0.02% |
504,337
+187,415
| +59% | +$6.81M |
|
677
S&P Global
SPGI
$128B
| $18.1M | 0.02% |
36,404
+1,234
| +4% | +$626K |
|
678
Akamai
AKAM
$15.2B
| $18.1M | 0.02% |
188,730
-256,053
| -58% | -$25.1M |
|
679
News Corp Class A
NWSA
$16.6B
| $18M | 0.02% |
652,248
-507,923
| -44% | -$14.2M |
|
680
Mid-America Apartment Communities
MAA
$15.4B
| $17.9M | 0.02% |
115,752
-12,007
| -9% | -$1.87M |
|
681
Ollie's Bargain Outlet
OLLI
$4.62B
| $17.8M | 0.02% |
162,616
-284,195
| -64% | -$28.3M |
|
|
JWN
682
DELISTED
Nordstrom
JWN
| $17.8M | 0.02% |
736,298
+187,617
| +34% | +$4.33M |
|
683
Sterling Infrastructure
STRL
$15.2B
| $17.8M | 0.02% |
105,526
-58
| -0.1% | -$10K |
|
684
Intuitive Surgical
ISRG
$132B
| $17.5M | 0.02% |
33,592
+4,365
| +15% | +$2.27M |
|
685
Match Group
MTCH
$9.58B
| $17.5M | 0.02% |
535,113
+208,892
| +64% | +$7.16M |
|
686
Harmony Gold Mining
HMY
$14.3B
| $17.5M | 0.02% |
2,128,670
-90,730
| -4% | -$881K |
|
687
Hanmi Financial
HAFC
$926M
| $17.4M | 0.02% |
738,472
-208,756
| -22% | -$4.9M |
|
688
Watts Water Technologies
WTS
$12.4B
| $17.4M | 0.02% |
85,567
-12,913
| -13% | -$2.68M |
|
689
Cadence Design Systems
CDNS
$87B
| $17.4M | 0.02% |
57,809
-147,778
| -72% | -$43M |
|
690
PBF Energy
PBF
$8.24B
| $17.1M | 0.02% |
654,093
+140,804
| +27% | +$4.28M |
|
|
AVB
691
DELISTED
AvalonBay Communities
AVB
| $17.1M | 0.02% |
77,649
-20,647
| -21% | -$4.66M |
|
692
Brixmor Property Group
BRX
$9.08B
| $17.1M | 0.02% |
615,358
+29,289
| +5% | +$830K |
|
693
Chord Energy
CHRD
$7.91B
| $17.1M | 0.02% |
147,946
+101,150
| +216% | +$12.7M |
|
694
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6.14B
| $17M | 0.02% |
509,241
+499
| +0.1% | +$17.3K |
|
695
Qorvo
QRVO
$8.41B
| $16.9M | 0.02% |
242,908
-20,945
| -8% | -$1.68M |
|
696
Schwab US Large- Cap ETF
SCHX
$73.8B
| $16.9M | 0.02% |
730,808
+156,662
| +27% | +$3.65M |
|
|
PPL
697
PPL Corp
PPL
$26.4B
| $16.9M | 0.02% |
521,704
-28,384
| -5% | -$935K |
|
698
Rambus
RMBS
$9.44B
| $16.9M | 0.02% |
319,731
-42,521
| -12% | -$2.17M |
|
699
Argan
AGX
$6.57B
| $16.6M | 0.02% |
121,470
-38,387
| -24% | -$5.27M |
|
700
Itron
ITRI
$4.32B
| $16.6M | 0.02% |
152,789
+50,693
| +50% | +$5.66M |
|
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.