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 |
ExxonMobil
XOM
|
+$213M |
| 2 |
Cigna
CI
|
+$207M |
| 3 |
Comcast
CMCSA
|
+$164M |
| 4 |
Zoom
ZM
|
+$155M |
| 5 |
Johnson & Johnson
JNJ
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$237M |
| 2 |
TSMC
TSM
|
+$214M |
| 3 |
NVIDIA
NVDA
|
+$138M |
| 4 |
Adobe
ADBE
|
+$133M |
| 5 |
Pultegroup
PHM
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.59% |
| 2 | Financials | 13.87% |
| 3 | Industrials | 12.52% |
| 4 | Consumer Discretionary | 12.44% |
| 5 | Healthcare | 12.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Nasdaq
NDAQ
$55.2B
| $12.1M | 0.02% |
201,954
-4,451
| -2% | -$270K |
|
702
Honeywell
HON
$68B
| $12.1M | 0.02% |
59,948
-1,670
| -3% | -$318K |
|
703
Teradyne
TER
$56.4B
| $12M | 0.02% |
80,902
+23,178
| +40% | +$2.94M |
|
704
Core & Main
CNM
$8.35B
| $12M | 0.02% |
244,379
-181,631
| -43% | -$10.1M |
|
705
Carnival Corporation Ltd
CCL
$35.2B
| $11.9M | 0.02% |
637,256
-440,273
| -41% | -$6.81M |
|
706
RPM International
RPM
$13.6B
| $11.9M | 0.02% |
110,441
+24,672
| +29% | +$2.73M |
|
707
Fox Class A
FOXA
$28.9B
| $11.8M | 0.02% |
344,586
-327,946
| -49% | -$10.7M |
|
708
Lamar Advertising Co
LAMR
$15.4B
| $11.8M | 0.02% |
98,907
-26,857
| -21% | -$3.13M |
|
709
Ametek
AME
$55B
| $11.8M | 0.02% |
70,750
-4,977
| -7% | -$860K |
|
710
FirstCash
FCFS
$9.92B
| $11.6M | 0.02% |
111,007
+39,270
| +55% | +$4.64M |
|
|
SCS
711
DELISTED
Steelcase
SCS
| $11.6M | 0.02% |
895,483
-84,104
| -9% | -$1.07M |
|
712
NMI Holdings
NMIH
$3.44B
| $11.6M | 0.02% |
340,435
-19,667
| -5% | -$633K |
|
713
Blue Bird Corp
BLBD
$1.92B
| $11.6M | 0.02% |
214,629
-113,248
| -35% | -$5.22M |
|
|
SASR
714
DELISTED
Sandy Spring Bancorp Inc
SASR
| $11.5M | 0.02% |
473,241
+25,546
| +6% | +$567K |
|
715
Johnson Controls International
JCI
$86.2B
| $11.5M | 0.02% |
173,298
-317,266
| -65% | -$21.4M |
|
716
Virtus Investment Partners
VRTS
$1.13B
| $11.5M | 0.02% |
50,952
+22,344
| +78% | +$5.08M |
|
717
Driven Brands
DRVN
$2.17B
| $11.5M | 0.02% |
929,073
+412,547
| +80% | +$5.22M |
|
|
SCHW
718
Charles Schwab
SCHW
$196B
| $11.5M | 0.02% |
155,559
-101,149
| -39% | -$7.47M |
|
719
Royal Caribbean
RCL
$77.6B
| $11.4M | 0.02% |
71,630
-116,631
| -62% | -$16.8M |
|
720
Kimco Realty
KIM
$16.1B
| $11.4M | 0.02% |
595,170
+541,391
| +1,007% | +$10.1M |
|
721
Weatherford International
WFRD
$6.26B
| $11.4M | 0.02% |
92,881
+6,165
| +7% | +$736K |
|
722
DNOW Inc
DNOW
$2.81B
| $11.4M | 0.02% |
827,965
+148,549
| +22% | +$2.11M |
|
723
Employers Holdings
EIG
$882M
| $11.4M | 0.02% |
266,483
-4,893
| -2% | -$209K |
|
724
Liberty Energy
LBRT
$3.05B
| $11.3M | 0.02% |
541,857
-66,325
| -11% | -$1.48M |
|
725
Performance Food Group
PFGC
$16.7B
| $11.3M | 0.02% |
170,639
+76,891
| +82% | +$5.36M |
|
Similar funds
Cliff Asness's Q2 2024 Portfolio in Review
As of Q2 2024, Cliff Asness held 2,716 positions worth $65.2B, up 11% from $58.7B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $6.71B of net new capital in Q2 2024, opening 313 new positions and adding to 1,389 existing holdings. Its largest new stake was Solventum: 1,217,998 shares worth $62.6M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Humana, an estimated $237M trimmed.
- Cliff Asness's largest Q2 2024 buy was Solventum: 1,217,998 shares worth $62.6M.
- Cliff Asness added most to ExxonMobil in Q2 2024, an estimated $213M increase.
- Cliff Asness's biggest Q2 2024 reduction was Humana, cutting an estimated $237M.
- Cliff Asness fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $27.7M.
- Cliff Asness's ten largest holdings make up 15% of its $65.2B portfolio in Q2 2024.
- Cliff Asness opened 313 new positions and closed 123 in Q2 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $65.2B.
Based on AQR Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.