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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
CubeSmart
CUBE
$9.21B
| $9.93M | 0.02% |
214,361
-27,147
| -11% | -$1.17M |
|
702
Darling Ingredients
DAR
$9.83B
| $9.9M | 0.02% |
149,465
+19,130
| +15% | +$1.35M |
|
703
Essential Utilities
WTRG
$11.7B
| $9.88M | 0.02% |
216,091
-129,376
| -37% | -$6.07M |
|
|
UNVR
704
DELISTED
Univar Solutions Inc.
UNVR
| $9.83M | 0.02% |
403,281
-51,701
| -11% | -$1.3M |
|
705
CF Industries
CF
$19.6B
| $9.83M | 0.02% |
197,639
-107,016
| -35% | -$5.44M |
|
|
LGF.A
706
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $9.82M | 0.02% |
483,002
-366,671
| -43% | -$6.41M |
|
707
Edgewell Personal Care
EPC
$1.31B
| $9.73M | 0.02% |
221,702
-64,419
| -23% | -$2.73M |
|
708
Coherent
COHR
$53.9B
| $9.65M | 0.02% |
134,100
-101,099
| -43% | -$7.12M |
|
|
FITB
709
Fifth Third Bancorp
FITB
$49.8B
| $9.53M | 0.02% |
249,189
-253,518
| -50% | -$10.1M |
|
|
VLRS
710
Controladora Vuela Compania de Aviacion
VLRS
$798M
| $9.46M | 0.02% |
492,347
+371,096
| +306% | +$6.31M |
|
|
SAGE
711
DELISTED
Sage Therapeutics
SAGE
| $9.44M | 0.02% |
166,171
+155,530
| +1,462% | +$11M |
|
712
Grand Canyon Education
LOPE
$3.85B
| $9.42M | 0.02% |
104,741
+19,499
| +23% | +$1.93M |
|
|
SCHW
713
Charles Schwab
SCHW
$197B
| $9.41M | 0.02% |
129,546
-74,805
| -37% | -$5.29M |
|
714
KB Home
KBH
$3.41B
| $9.31M | 0.02% |
230,065
-187,815
| -45% | -$8.66M |
|
715
Corning
GLW
$125B
| $9.14M | 0.02% |
224,650
+113,281
| +102% | +$4.94M |
|
716
WaFd
WAFD
$2.69B
| $9.11M | 0.02% |
286,760
-1,736
| -0.6% | -$56.6K |
|
717
Tenet Healthcare
THC
$22.4B
| $9.11M | 0.02% |
137,424
+1,124
| +0.8% | +$69.7K |
|
|
JNPR
718
DELISTED
Juniper Networks
JNPR
| $9.06M | 0.02% |
331,277
-433,517
| -57% | -$11.5M |
|
719
News Corp Class A
NWSA
$16.6B
| $9.06M | 0.02% |
354,668
+49,087
| +16% | +$1.29M |
|
720
Xylem
XYL
$26.7B
| $8.99M | 0.02% |
75,473
-20,850
| -22% | -$2.38M |
|
721
RTX Corp
RTX
$282B
| $8.96M | 0.02% |
106,166
-21,370
| -17% | -$1.8M |
|
722
Vail Resorts
MTN
$5.35B
| $8.89M | 0.02% |
28,109
+19,868
| +241% | +$6.33M |
|
723
Autohome
ATHM
$2.52B
| $8.86M | 0.02% |
138,461
+726
| +0.5% | +$59.7K |
|
724
Kemper
KMPR
$1.63B
| $8.73M | 0.02% |
118,118
+98,460
| +501% | +$7.59M |
|
|
SGI
725
Somnigroup International
SGI
$13.5B
| $8.69M | 0.02% |
222,401
+52,402
| +31% | +$2.01M |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.