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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
726
Block Inc
XYZ
$45.9B
| $69.2M | 0.02% |
909,911
+806,623
| +781% | +$56.7M |
2017 Q1
37 quarters
|
|
727
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
| $69M | 0.02% |
833,185
+489,463
| +142% | +$39M |
2024 Q3
7 quarters
|
|
728
Reynolds Consumer Products
REYN
$4.85B
| $68.8M | 0.02% |
2,563,272
-407,207
| -14% | -$9.07M |
2021 Q1
21 quarters
|
|
729
iShares S&P 100 ETF
OEF
$20.2B
| $68.8M | 0.02% |
188,022
+17,009
| +10% | +$6.09M |
2025 Q1
5 quarters
|
|
730
Essential Utilities
WTRG
$12.2B
| $68M | 0.02% |
1,776,094
+618,696
| +53% | +$23.6M |
2014 Q1
49 quarters
|
|
731
AGCO
AGCO
$7.43B
| $67.8M | 0.02% |
570,028
+254,684
| +81% | +$29.6M |
2013 Q2
52 quarters
|
|
732
WEC Energy
WEC
$36.2B
| $67.8M | 0.02% |
580,502
-446
| -0.1% | -$50.9K |
2013 Q2
52 quarters
|
|
733
Allegion
ALLE
$15.2B
| $67.6M | 0.02% |
485,172
-292,065
| -38% | -$39.7M |
2014 Q4
46 quarters
|
|
734
Exponent
EXPO
$3.68B
| $67.3M | 0.02% |
1,144,847
+163,573
| +17% | +$10M |
2013 Q2
52 quarters
|
|
735
iShares Core MSCI EAFE ETF
IEFA
$188B
| $66.9M | 0.02% |
692,556
+241,911
| +54% | +$23.2M |
2023 Q4
10 quarters
|
|
736
FirstEnergy
FE
$26.7B
| $66.8M | 0.02% |
1,406,017
+399,292
| +40% | +$19M |
2020 Q4
22 quarters
|
|
737
Commercial Metals
CMC
$6.94B
| $66.4M | 0.02% |
1,058,475
-550,002
| -34% | -$38.7M |
2019 Q3
27 quarters
|
|
738
Tenable Holdings
TENB
$4.91B
| $66.3M | 0.02% |
1,796,634
+214,485
| +14% | +$5.05M |
2020 Q3
23 quarters
|
|
739
Varonis Systems
VRNS
$5.61B
| $66.1M | 0.02% |
1,575,917
+464,492
| +42% | +$13.6M |
2022 Q4
14 quarters
|
|
740
Norfolk Southern
NSC
$74.1B
| $66M | 0.02% |
210,820
+40,229
| +24% | +$12.4M |
2013 Q2
52 quarters
|
|
741
Loews
L
$22.9B
| $65.8M | 0.02% |
580,875
-62,656
| -10% | -$6.79M |
2021 Q2
20 quarters
|
|
742
Insmed
INSM
$20.4B
| $65.3M | 0.02% |
612,832
-62,653
| -9% | -$7.59M |
2015 Q2
44 quarters
|
|
743
Concentrix
CNXC
$2.02B
| $65.3M | 0.02% |
3,272,084
-1,559,784
| -32% | -$40.7M |
2020 Q4
22 quarters
|
|
744
Houlihan Lokey
HLI
$9.18B
| $65.2M | 0.02% |
486,239
+86,897
| +22% | +$12.8M |
2019 Q4
26 quarters
|
|
745
SPDR Gold Trust
GLD
$135B
| $65.1M | 0.02% |
176,806
+16,878
| +11% | +$6.99M |
2024 Q1
9 quarters
|
|
746
Vanguard Morningstar Value ETF
VTV
$192B
| $64.7M | 0.02% |
297,018
+40,229
| +16% | +$8.4M |
2023 Q4
10 quarters
|
|
747
Southwest Airlines
LUV
$20.4B
| $64.6M | 0.02% |
1,260,564
+638,026
| +102% | +$26.8M |
2013 Q2
52 quarters
|
|
748
Fiserv Inc
FISV
$26.5B
| $64.5M | 0.02% |
1,343,275
-1,521,167
| -53% | -$85M |
2013 Q2
52 quarters
|
|
749
Warner Music
WMG
$16.1B
| $64.5M | 0.02% |
2,436,958
-105,275
| -4% | -$3.13M |
2024 Q3
7 quarters
|
|
750
Roper Technologies
ROP
$43.3B
| $64.4M | 0.02% |
192,123
-780,275
| -80% | -$266M |
2013 Q2
52 quarters
|
|
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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.