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 |
ExxonMobil
XOM
|
+$213M |
| 2 |
Cigna
CI
|
+$207M |
| 3 |
Comcast
CMCSA
|
+$164M |
| 4 |
Zoom
ZM
|
+$155M |
| 5 |
Johnson & Johnson
JNJ
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$237M |
| 2 |
TSMC
TSM
|
+$214M |
| 3 |
NVIDIA
NVDA
|
+$138M |
| 4 |
Adobe
ADBE
|
+$133M |
| 5 |
Pultegroup
PHM
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.59% |
| 2 | Financials | 13.87% |
| 3 | Industrials | 12.52% |
| 4 | Consumer Discretionary | 12.44% |
| 5 | Healthcare | 12.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Carvana
CVNA
$79.5B
| $8.73M | 0.01% |
339,075
-65,700
| -16% | -$1.32M |
|
802
Radian Group
RDN
$4.86B
| $8.73M | 0.01% |
280,626
+115,836
| +70% | +$3.58M |
|
803
ASE Group
ASX
$94.4B
| $8.72M | 0.01% |
763,463
-12,470
| -2% | -$135K |
|
804
Chegg
CHGG
$88.9M
| $8.69M | 0.01% |
2,878,869
+2,130,998
| +285% | +$10.6M |
|
805
ADMA Biologics
ADMA
$2.14B
| $8.65M | 0.01% |
773,406
-43,547
| -5% | -$365K |
|
806
Enel Chile
ENIC
$6.27B
| $8.63M | 0.01% |
3,080,965
-131,705
| -4% | -$390K |
|
|
LNW
807
DELISTED
Light & Wonder
LNW
| $8.57M | 0.01% |
81,719
+51,097
| +167% | +$4.88M |
|
808
Commerce Bancshares
CBSH
$8.41B
| $8.55M | 0.01% |
170,698
+26,571
| +18% | +$1.31M |
|
|
MRO
809
DELISTED
Marathon Oil Corporation
MRO
| $8.55M | 0.01% |
298,059
-638,815
| -68% | -$17.7M |
|
810
Yum! Brands
YUM
$42.9B
| $8.52M | 0.01% |
64,314
-57,356
| -47% | -$7.89M |
|
811
Medifast
MED
$134M
| $8.51M | 0.01% |
389,951
+210,669
| +118% | +$5.62M |
|
812
Clear Secure
YOU
$4.6B
| $8.48M | 0.01% |
453,262
+184,795
| +69% | +$3.34M |
|
813
Southern Copper
SCCO
$181B
| $8.46M | 0.01% |
84,848
-267
| -0.3% | -$28.1K |
|
|
AAT
814
American Assets Trust
AAT
$1.41B
| $8.44M | 0.01% |
377,163
-14,803
| -4% | -$318K |
|
815
Erie Indemnity
ERIE
$14B
| $8.42M | 0.01% |
23,236
+599
| +3% | +$228K |
|
|
BPMC
816
DELISTED
Blueprint Medicines
BPMC
| $8.42M | 0.01% |
78,103
+18,099
| +30% | +$1.81M |
|
817
QuidelOrtho
QDEL
$994M
| $8.41M | 0.01% |
254,215
-89,136
| -26% | -$3.65M |
|
818
Photronics
PLAB
$1.74B
| $8.31M | 0.01% |
336,745
+58,080
| +21% | +$1.58M |
|
819
Cushman & Wakefield Ltd
CWK
$3.44B
| $8.24M | 0.01% |
792,399
+218,353
| +38% | +$2.26M |
|
820
Community Trust Bancorp
CTBI
$1.39B
| $8.24M | 0.01% |
188,707
+51,765
| +38% | +$2.18M |
|
821
Norwegian Cruise Line
NCLH
$7.91B
| $8.23M | 0.01% |
439,637
+346,471
| +372% | +$6.08M |
|
822
C.H. Robinson
CHRW
$16.7B
| $8.23M | 0.01% |
93,421
-105,562
| -53% | -$8.43M |
|
823
Capitol Federal Financial
CFFN
$1.05B
| $8.21M | 0.01% |
1,494,969
+560,103
| +60% | +$2.92M |
|
824
DTE Energy
DTE
$28.2B
| $8.1M | 0.01% |
73,096
+10,726
| +17% | +$1.2M |
|
825
Roblox
RBLX
$27.7B
| $8.08M | 0.01% |
217,588
+52,534
| +32% | +$1.87M |
|
Similar funds
Cliff Asness's Q2 2024 Portfolio in Review
As of Q2 2024, Cliff Asness held 2,716 positions worth $65.2B, up 11% from $58.7B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $6.71B of net new capital in Q2 2024, opening 313 new positions and adding to 1,389 existing holdings. Its largest new stake was Solventum: 1,217,998 shares worth $62.6M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Humana, an estimated $237M trimmed.
- Cliff Asness's largest Q2 2024 buy was Solventum: 1,217,998 shares worth $62.6M.
- Cliff Asness added most to ExxonMobil in Q2 2024, an estimated $213M increase.
- Cliff Asness's biggest Q2 2024 reduction was Humana, cutting an estimated $237M.
- Cliff Asness fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $27.7M.
- Cliff Asness's ten largest holdings make up 15% of its $65.2B portfolio in Q2 2024.
- Cliff Asness opened 313 new positions and closed 123 in Q2 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $65.2B.
Based on AQR Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.