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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Kornit Digital
KRNT
$708M
| $14.8M | 0.02% |
+477,179
| New | +$13.7M |
|
727
Viking Holdings
VIK
$40.8B
| $14.7M | 0.02% |
+334,681
| New | +$14.2M |
|
728
Greif
GEF
$4.89B
| $14.5M | 0.02% |
237,569
-51,340
| -18% | -$3.35M |
|
729
Willis Towers Watson
WTW
$32.6B
| $14.5M | 0.02% |
46,216
-11,845
| -20% | -$3.63M |
|
|
EFOR
730
Everforth Inc
EFOR
$1.33B
| $14.5M | 0.02% |
173,603
-8,842
| -5% | -$807K |
|
731
Coinbase
COIN
$47.4B
| $14.4M | 0.02% |
58,161
-200
| -0.3% | -$50.8K |
|
732
Mercury Insurance
MCY
$5.89B
| $14.4M | 0.02% |
216,589
+101,488
| +88% | +$7.14M |
|
733
SiriusXM
SIRI
$9.59B
| $14.4M | 0.02% |
631,648
+239,947
| +61% | +$6.12M |
|
734
Vontier
VNT
$4.49B
| $14.3M | 0.02% |
394,248
-112,282
| -22% | -$4.14M |
|
735
Norfolk Southern
NSC
$79.3B
| $14.3M | 0.02% |
60,955
+1,929
| +3% | +$490K |
|
736
Dollar General
DG
$27.6B
| $14.1M | 0.02% |
185,765
+135,356
| +269% | +$10.7M |
|
737
LPL Financial
LPLA
$28.7B
| $14.1M | 0.02% |
43,082
-21,802
| -34% | -$6.45M |
|
738
Alpha Architect 1-3 Month Box ETF
BOXX
$14B
| $14M | 0.02% |
126,672
+81,447
| +180% | +$8.93M |
|
739
Corcept Therapeutics
CORT
$13.3B
| $13.9M | 0.02% |
276,591
-39,364
| -12% | -$2.06M |
|
740
Occidental Petroleum
OXY
$60.1B
| $13.9M | 0.02% |
283,912
+205,648
| +263% | +$10.4M |
|
741
Ford
F
$55.5B
| $13.9M | 0.02% |
1,403,835
-1,531,716
| -52% | -$16.3M |
|
|
AXON
742
Axon Enterprise
AXON
$48.5B
| $13.9M | 0.02% |
23,363
+18,518
| +382% | +$10.1M |
|
743
Phillips 66
PSX
$96.5B
| $13.8M | 0.02% |
121,989
+33,591
| +38% | +$4.27M |
|
744
Powell Industries
POWL
$6.89B
| $13.8M | 0.02% |
186,942
+24,648
| +15% | +$2.2M |
|
745
American Airlines Group
AAL
$9.02B
| $13.8M | 0.02% |
790,497
+183,108
| +30% | +$2.63M |
|
746
Factset
FDS
$10.9B
| $13.7M | 0.02% |
28,447
-22,516
| -44% | -$10.7M |
|
747
OceanFirst Financial
OCFC
$1.83B
| $13.7M | 0.02% |
754,478
-29,064
| -4% | -$555K |
|
748
Eagle Materials
EXP
$6.27B
| $13.6M | 0.02% |
55,258
-11,681
| -17% | -$3.37M |
|
749
Cinemark Holdings
CNK
$4.45B
| $13.6M | 0.02% |
438,454
+231,520
| +112% | +$7.16M |
|
750
Amcor
AMCR
$22.2B
| $13.5M | 0.02% |
287,774
-579,515
| -67% | -$30.3M |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.