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 | |
|---|---|---|---|---|---|---|
751
Applovin
APP
$101B
| $64.4M | 0.02% |
127,789
+12,935
| +11% | +$6.24M |
|
752
Spotify
SPOT
$110B
| $64M | 0.02% |
139,438
-63,184
| -31% | -$30.1M |
|
753
iShares Russell 3000 ETF
IWV
$20.2B
| $63.9M | 0.02% |
149,816
+27,160
| +22% | +$11.2M |
|
754
Harley-Davidson
HOG
$2.95B
| $63.8M | 0.02% |
2,615,019
+1,021,890
| +64% | +$24.6M |
|
755
PPG Industries
PPG
$25.2B
| $63.5M | 0.02% |
528,524
+84,603
| +19% | +$9.42M |
|
756
DoorDash
DASH
$98.8B
| $63.5M | 0.02% |
343,990
+57,796
| +20% | +$9.55M |
|
757
Grand Canyon Education
LOPE
$3.92B
| $63.1M | 0.02% |
446,680
-72,591
| -14% | -$11.5M |
|
758
Universal Display
OLED
$3.91B
| $63M | 0.02% |
728,128
+604,242
| +488% | +$55.8M |
|
759
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.9B
| $62.6M | 0.02% |
689,429
+50,559
| +8% | +$4.45M |
|
760
Biohaven
BHVN
$2.09B
| $61.8M | 0.02% |
4,150,616
+2,175,100
| +110% | +$23.4M |
|
761
IAMGOLD
IAG
$12.3B
| $61.6M | 0.02% |
3,922,614
+2,258,528
| +136% | +$39.5M |
|
762
Rockwell Automation
ROK
$47.6B
| $61.5M | 0.02% |
126,388
+46,214
| +58% | +$20.1M |
|
763
Halozyme
HALO
$12.2B
| $61.5M | 0.02% |
785,556
-230,873
| -23% | -$15.7M |
|
764
Brown & Brown
BRO
$24.9B
| $61.1M | 0.02% |
963,777
+897,155
| +1,347% | +$54.7M |
|
765
Hexcel
HXL
$6.98B
| $61M | 0.02% |
610,579
-51,536
| -8% | -$4.67M |
|
766
Vanguard Dividend Appreciation ETF
VIG
$114B
| $60.9M | 0.02% |
257,239
+40,370
| +19% | +$9.27M |
|
767
Pilgrim's Pride
PPC
$7.68B
| $60.7M | 0.02% |
2,159,987
-527,293
| -20% | -$16.2M |
|
768
Franco-Nevada
FNV
$51.3B
| $60.7M | 0.02% |
291,005
+234,600
| +416% | +$54.7M |
|
769
Donaldson
DCI
$10.7B
| $59.9M | 0.02% |
673,621
-62,144
| -8% | -$5.35M |
|
770
BOK Financial
BOKF
$8.56B
| $59.5M | 0.02% |
429,528
+43,225
| +11% | +$5.71M |
|
771
ON Semiconductor
ON
$28B
| $59.4M | 0.02% |
628,546
+220,060
| +54% | +$22.6M |
|
772
RingCentral
RNG
$5.55B
| $59.1M | 0.02% |
1,537,795
-494,637
| -24% | -$20M |
|
773
Voya Financial
VOYA
$8.92B
| $58.8M | 0.02% |
649,990
+135,537
| +26% | +$11M |
|
774
Cousins Properties
CUZ
$4.91B
| $58.7M | 0.02% |
1,956,841
+1,120,191
| +134% | +$29.4M |
|
775
Kulicke & Soffa
KLIC
$4.43B
| $58.5M | 0.02% |
437,326
+4,834
| +1% | +$474K |
|
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.