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 | |
|---|---|---|---|---|---|---|
|
XYZ
726
Block Inc
XYZ
$49.5B
| $69.2M | 0.02% |
909,911
+806,623
| +781% | +$56.7M |
|
727
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
| $69M | 0.02% |
833,185
+489,463
| +142% | +$39M |
|
728
Reynolds Consumer Products
REYN
$5.37B
| $68.8M | 0.02% |
2,563,272
-407,207
| -14% | -$9.07M |
|
729
iShares S&P 100 ETF
OEF
$20.3B
| $68.8M | 0.02% |
188,022
+17,009
| +10% | +$6.09M |
|
730
Essential Utilities
WTRG
$11.6B
| $68M | 0.02% |
1,776,094
+618,696
| +53% | +$23.6M |
|
731
AGCO
AGCO
$7.62B
| $67.8M | 0.02% |
570,028
+254,684
| +81% | +$29.6M |
|
732
WEC Energy
WEC
$34.8B
| $67.8M | 0.02% |
580,502
-446
| -0.1% | -$50.9K |
|
733
Allegion
ALLE
$13.9B
| $67.6M | 0.02% |
485,172
-292,065
| -38% | -$39.7M |
|
734
Exponent
EXPO
$3.36B
| $67.3M | 0.02% |
1,144,847
+163,573
| +17% | +$10M |
|
735
iShares Core MSCI EAFE ETF
IEFA
$195B
| $66.9M | 0.02% |
692,556
+241,911
| +54% | +$23.2M |
|
736
FirstEnergy
FE
$26.7B
| $66.8M | 0.02% |
1,406,017
+399,292
| +40% | +$19M |
|
737
Commercial Metals
CMC
$7.27B
| $66.4M | 0.02% |
1,058,475
-550,002
| -34% | -$38.7M |
|
738
Tenable Holdings
TENB
$3.71B
| $66.3M | 0.02% |
1,796,634
+214,485
| +14% | +$5.05M |
|
739
Varonis Systems
VRNS
$4.71B
| $66.1M | 0.02% |
1,575,917
+464,492
| +42% | +$13.6M |
|
740
Norfolk Southern
NSC
$78.7B
| $66M | 0.02% |
210,820
+40,229
| +24% | +$12.4M |
|
741
Loews
L
$22.8B
| $65.8M | 0.02% |
580,875
-62,656
| -10% | -$6.79M |
|
742
Insmed
INSM
$27.1B
| $65.3M | 0.02% |
612,832
-62,653
| -9% | -$7.59M |
|
743
Concentrix
CNXC
$1.62B
| $65.3M | 0.02% |
3,272,084
-1,559,784
| -32% | -$40.7M |
|
744
Houlihan Lokey
HLI
$9.11B
| $65.2M | 0.02% |
486,239
+86,897
| +22% | +$12.8M |
|
745
SPDR Gold Trust
GLD
$155B
| $65.1M | 0.02% |
176,806
+16,878
| +11% | +$6.99M |
|
746
Vanguard Morningstar Value ETF
VTV
$193B
| $64.7M | 0.02% |
297,018
+40,229
| +16% | +$8.4M |
|
747
Southwest Airlines
LUV
$19.8B
| $64.6M | 0.02% |
1,260,564
+638,026
| +102% | +$26.8M |
|
|
FISV
748
Fiserv Inc
FISV
$28.2B
| $64.5M | 0.02% |
1,343,275
-1,521,167
| -53% | -$85M |
|
749
Warner Music
WMG
$14.4B
| $64.5M | 0.02% |
2,436,958
-105,275
| -4% | -$3.13M |
|
750
Roper Technologies
ROP
$41.2B
| $64.4M | 0.02% |
192,123
-780,275
| -80% | -$266M |
|
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.