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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 | |
|---|---|---|---|---|---|---|---|
751
Applovin
APP
$87.1B
| $64.4M | 0.02% |
127,789
+12,935
| +11% | +$6.24M |
2022 Q3
15 quarters
|
|
752
Spotify
SPOT
$120B
| $64M | 0.02% |
139,438
-63,184
| -31% | -$30.1M |
2022 Q4
14 quarters
|
|
753
iShares Russell 3000 ETF
IWV
$20.2B
| $63.9M | 0.02% |
149,816
+27,160
| +22% | +$11.2M |
2024 Q1
9 quarters
|
|
754
Harley-Davidson
HOG
$3.01B
| $63.8M | 0.02% |
2,615,019
+1,021,890
| +64% | +$24.6M |
2020 Q2
24 quarters
|
|
755
PPG Industries
PPG
$24.6B
| $63.5M | 0.02% |
528,524
+84,603
| +19% | +$9.42M |
2013 Q2
52 quarters
|
|
756
DoorDash
DASH
$77.7B
| $63.5M | 0.02% |
343,990
+57,796
| +20% | +$9.6M |
2023 Q2
12 quarters
|
|
757
Grand Canyon Education
LOPE
$4.24B
| $63.1M | 0.02% |
446,680
-72,591
| -14% | -$11.5M |
2016 Q3
39 quarters
|
|
758
Universal Display
OLED
$4B
| $63M | 0.02% |
728,128
+604,242
| +488% | +$55.8M |
2019 Q1
29 quarters
|
|
759
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14B
| $62.6M | 0.02% |
689,429
+50,559
| +8% | +$4.45M |
2025 Q1
5 quarters
|
|
760
Biohaven
BHVN
$2.1B
| $61.8M | 0.02% |
4,150,616
+2,175,100
| +110% | +$23.4M |
2023 Q4
10 quarters
|
|
761
IAMGOLD
IAG
$9.28B
| $61.6M | 0.02% |
3,922,614
+2,258,528
| +136% | +$39.5M |
2025 Q4
2 quarters
|
|
762
Rockwell Automation
ROK
$47.3B
| $61.5M | 0.02% |
126,388
+46,214
| +58% | +$20.1M |
2023 Q2
12 quarters
|
|
763
Halozyme
HALO
$14.3B
| $61.5M | 0.02% |
785,556
-230,873
| -23% | -$15.7M |
2013 Q2
52 quarters
|
|
764
Brown & Brown
BRO
$24.4B
| $61.1M | 0.02% |
963,777
+897,155
| +1,347% | +$54.7M |
2013 Q2
52 quarters
|
|
765
Hexcel
HXL
$6.03B
| $61M | 0.02% |
610,579
-51,536
| -8% | -$4.67M |
2022 Q1
17 quarters
|
|
766
Vanguard Dividend Appreciation ETF
VIG
$114B
| $60.9M | 0.02% |
257,239
+40,370
| +19% | +$9.27M |
2024 Q1
9 quarters
|
|
767
Pilgrim's Pride
PPC
$6.7B
| $60.7M | 0.02% |
2,159,987
-527,293
| -20% | -$16.2M |
2013 Q2
52 quarters
|
|
768
Franco-Nevada
FNV
$44.1B
| $60.7M | 0.02% |
291,005
+234,600
| +416% | +$54.7M |
2025 Q1
5 quarters
|
|
769
Donaldson
DCI
$9.8B
| $59.9M | 0.02% |
673,621
-62,144
| -8% | -$5.35M |
2018 Q4
30 quarters
|
|
770
BOK Financial
BOKF
$7.82B
| $59.5M | 0.02% |
429,528
+43,225
| +11% | +$5.71M |
2020 Q1
25 quarters
|
|
771
ON Semiconductor
ON
$28.1B
| $59.4M | 0.02% |
628,546
+220,060
| +54% | +$22.6M |
2013 Q2
52 quarters
|
|
772
RingCentral
RNG
$6.96B
| $59.1M | 0.02% |
1,537,795
-494,637
| -24% | -$20M |
2015 Q2
44 quarters
|
|
773
Voya Financial
VOYA
$8.68B
| $58.8M | 0.02% |
649,990
+135,537
| +26% | +$11M |
2014 Q2
48 quarters
|
|
774
Cousins Properties
CUZ
$4.75B
| $58.7M | 0.02% |
1,956,841
+1,120,191
| +134% | +$29.4M |
2013 Q2
52 quarters
|
|
775
Kulicke & Soffa
KLIC
$3.86B
| $58.5M | 0.02% |
437,326
+4,834
| +1% | +$474K |
2024 Q3
7 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.