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 | |
|---|---|---|---|---|---|---|
801
Coherent
COHR
$53.9B
| $54.3M | 0.02% |
137,729
+44,601
| +48% | +$15.8M |
|
802
Canadian Imperial Bank of Commerce
CM
$105B
| $54.2M | 0.02% |
472,593
+20,714
| +5% | +$2.27M |
|
803
Jack Henry & Associates
JKHY
$12.1B
| $54.1M | 0.02% |
398,455
+235,451
| +144% | +$33.4M |
|
804
MSC Industrial Direct
MSM
$6.63B
| $53.6M | 0.02% |
457,743
+157,565
| +52% | +$16.7M |
|
805
RLI Corp
RLI
$6.08B
| $53.6M | 0.02% |
916,838
+185,643
| +25% | +$9.96M |
|
806
Digital Realty Trust
DLR
$69.7B
| $52.9M | 0.02% |
294,309
+10,821
| +4% | +$2.07M |
|
807
Reddit
RDDT
$29.3B
| $52.6M | 0.02% |
302,804
+293,509
| +3,158% | +$47M |
|
808
DXC Technology
DXC
$1.71B
| $52.5M | 0.02% |
6,025,344
+811,146
| +16% | +$8.4M |
|
809
Greif
GEF
$4.93B
| $52.2M | 0.02% |
702,126
+26,469
| +4% | +$1.78M |
|
810
Avery Dennison
AVY
$13.8B
| $51.9M | 0.02% |
319,917
-134,310
| -30% | -$21.9M |
|
811
Schwab International Equity ETF
SCHF
$69.3B
| $51.9M | 0.02% |
1,874,736
+247,339
| +15% | +$6.67M |
|
812
Fortrea Holdings
FTRE
$1.71B
| $51.9M | 0.02% |
2,980,474
-317,947
| -10% | -$4.29M |
|
813
Vanguard FTSE All-World ex-US ETF
VEU
$70.2B
| $51.8M | 0.02% |
618,221
+138,704
| +29% | +$11.3M |
|
814
iShares Russell 1000 Value ETF
IWD
$84.1B
| $51.4M | 0.02% |
211,834
+17,536
| +9% | +$4.08M |
|
815
IPG Photonics
IPGP
$3B
| $50.6M | 0.02% |
448,582
+18,850
| +4% | +$2.17M |
|
816
Lowe's Companies
LOW
$121B
| $50.3M | 0.02% |
230,309
-158,174
| -41% | -$35.9M |
|
817
CACI
CACI
$14B
| $50M | 0.02% |
109,224
-114,270
| -51% | -$58.3M |
|
818
Northern Trust Quality Dividend ETF
QDF
$2.24B
| $49.9M | 0.02% |
555,000
| – | – |
|
819
Entergy
ETR
$49.1B
| $49.8M | 0.02% |
434,053
+123,191
| +40% | +$13.9M |
|
820
Lincoln National
LNC
$8.13B
| $49.8M | 0.02% |
1,409,411
+481,972
| +52% | +$17.3M |
|
821
Euronet Worldwide
EEFT
$2.63B
| $49.7M | 0.02% |
692,486
+322,198
| +87% | +$22.5M |
|
822
M&T Bank
MTB
$34.8B
| $49.6M | 0.02% |
208,447
-2,949
| -1% | -$645K |
|
823
Louisiana-Pacific
LPX
$5.04B
| $49.3M | 0.02% |
627,223
-10,942
| -2% | -$808K |
|
824
Essex Property Trust
ESS
$18.6B
| $49.3M | 0.02% |
169,437
+82,244
| +94% | +$22.1M |
|
825
Assurant
AIZ
$14.1B
| $48.8M | 0.02% |
182,192
-30,638
| -14% | -$7.46M |
|
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.