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 |
Tesla
TSLA
|
+$154M |
| 2 |
ConocoPhillips
COP
|
+$127M |
| 3 |
Chevron
CVX
|
+$111M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$107M |
| 5 |
NRG Energy
NRG
|
+$83.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$376M |
| 2 |
Meta Platforms (Facebook)
META
|
+$195M |
| 3 |
Target
TGT
|
+$191M |
| 4 |
Elevance Health
ELV
|
+$139M |
| 5 |
Amazon
AMZN
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 15.8% |
| 3 | Industrials | 12.37% |
| 4 | Financials | 11.64% |
| 5 | Consumer Discretionary | 11.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PLAN
726
DELISTED
Anaplan, Inc.
PLAN
| $8.13M | 0.01% |
177,395
-12,464
| -7% | -$687K |
|
727
Corpay
CPAY
$27.2B
| $8.04M | 0.01% |
35,937
+27,241
| +313% | +$6.51M |
|
728
Commercial Metals
CMC
$7.18B
| $8.01M | 0.01% |
222,615
+65,032
| +41% | +$2.15M |
|
729
CEMIG Preferred Shares
CIG
$5.58B
| $7.98M | 0.01% |
5,552,226
-7,145,040
| -56% | -$10.3M |
|
730
Willis Towers Watson
WTW
$32.6B
| $7.96M | 0.01% |
33,516
+7,801
| +30% | +$1.85M |
|
731
Quanta Services
PWR
$92.7B
| $7.9M | 0.01% |
69,697
-14,959
| -18% | -$1.73M |
|
732
Factset
FDS
$10.9B
| $7.89M | 0.01% |
16,244
-14,548
| -47% | -$6.52M |
|
733
Atlassian
TEAM
$43.4B
| $7.88M | 0.01% |
20,656
-3,234
| -14% | -$1.3M |
|
734
Brixmor Property Group
BRX
$9.08B
| $7.86M | 0.01% |
309,214
-50,566
| -14% | -$1.21M |
|
|
BKI
735
DELISTED
Black Knight, Inc. Common Stock
BKI
| $7.81M | 0.01% |
94,171
+16,549
| +21% | +$1.23M |
|
736
Zai Lab
ZLAB
$2.88B
| $7.79M | 0.01% |
123,917
-1,909
| -2% | -$162K |
|
|
AL
737
DELISTED
Air Lease Corp
AL
| $7.75M | 0.01% |
176,164
-129,750
| -42% | -$5.62M |
|
738
PROG Holdings
PRG
$1.56B
| $7.75M | 0.01% |
172,476
-188,981
| -52% | -$8.53M |
|
739
AMC Entertainment Holdings
AMC
$2.38B
| $7.7M | 0.01% |
28,321
-4,061
| -13% | -$1.43M |
|
740
Constellation Brands
STZ
$23.5B
| $7.52M | 0.01% |
30,098
-28,871
| -49% | -$6.58M |
|
|
PSB
741
DELISTED
PS Business Parks, Inc.
PSB
| $7.46M | 0.01% |
40,519
-3,805
| -9% | -$669K |
|
742
Boise Cascade
BCC
$2.87B
| $7.43M | 0.01% |
104,353
-3,670
| -3% | -$237K |
|
743
Synchrony
SYF
$26B
| $7.42M | 0.01% |
159,848
-239,039
| -60% | -$11.5M |
|
744
Oneok
OKE
$58.6B
| $7.41M | 0.01% |
126,307
+49,027
| +63% | +$3.04M |
|
745
Match Group
MTCH
$9.58B
| $7.33M | 0.01% |
55,435
+19,033
| +52% | +$2.76M |
|
746
Sensient Technologies
SXT
$5.85B
| $7.32M | 0.01% |
73,491
-9,000
| -11% | -$876K |
|
|
OPTU
747
Optimum Communications Inc
OPTU
$328M
| $7.27M | 0.01% |
449,408
+358,070
| +392% | +$6.07M |
|
748
Entegris
ENTG
$21.1B
| $7.25M | 0.01% |
52,336
-17,397
| -25% | -$2.43M |
|
749
Chipotle Mexican Grill
CMG
$48.1B
| $7.23M | 0.01% |
206,800
+77,100
| +59% | +$2.71M |
|
750
Leidos
LDOS
$17.4B
| $7.18M | 0.01% |
81,259
+10,930
| +16% | +$1.02M |
|
Similar funds
Cliff Asness's Q4 2021 Portfolio in Review
As of Q4 2021, Cliff Asness held 2,357 positions worth $55.2B, up 2.3% from $53.9B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.83B in Q4 2021, closing 169 positions and reducing 1,099 holdings. Its most notable exit was Kansas City Southern, an estimated $7.54M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Live Nation Entertainment worth $8.76M.
- Cliff Asness's largest Q4 2021 buy was Live Nation Entertainment: 73,147 shares worth $8.76M.
- Cliff Asness added most to Tesla in Q4 2021, an estimated $154M increase.
- Cliff Asness's biggest Q4 2021 reduction was Apple, cutting an estimated $376M.
- Cliff Asness fully exited Kansas City Southern in Q4 2021, selling an estimated $7.54M.
- Cliff Asness's ten largest holdings make up 17% of its $55.2B portfolio in Q4 2021.
- Cliff Asness opened 126 new positions and closed 169 in Q4 2021.
- Cliff Asness's portfolio value rose 2.3% quarter-over-quarter to $55.2B.
Based on AQR Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.