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 | |
|---|---|---|---|---|---|---|
876
Shopify
SHOP
$193B
| $41.8M | 0.01% |
366,139
+116,117
| +46% | +$13.3M |
|
877
BWX Technologies
BWXT
$13.7B
| $41.8M | 0.01% |
214,842
+25,875
| +14% | +$5.39M |
|
878
UMB Financial
UMBF
$10.9B
| $41.8M | 0.01% |
295,887
+103,226
| +54% | +$13.3M |
|
|
AVB
879
DELISTED
AvalonBay Communities
AVB
| $41.8M | 0.01% |
221,385
+125,707
| +131% | +$22.7M |
|
880
Schwab US Large-Cap Growth ETF
SCHG
$62B
| $41.8M | 0.01% |
1,271,593
+321,075
| +34% | +$10.6M |
|
881
ICF International
ICFI
$1.59B
| $41.5M | 0.01% |
568,904
+466,042
| +453% | +$32.2M |
|
882
Warner Bros
WBD
$72B
| $41.4M | 0.01% |
1,553,625
+1,070,914
| +222% | +$29M |
|
883
Advanced Drainage Systems
WMS
$10.6B
| $41.3M | 0.01% |
266,824
+42,045
| +19% | +$6.01M |
|
884
Baxter International
BAX
$13.7B
| $41.3M | 0.01% |
1,936,013
+1,396,339
| +259% | +$26M |
|
885
SLM Corp
SLM
$4.95B
| $41.2M | 0.01% |
1,589,570
+997,381
| +168% | +$22.5M |
|
886
Virtus Investment Partners
VRTS
$1.13B
| $41.1M | 0.01% |
286,625
+154,351
| +117% | +$21.8M |
|
887
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $41M | 0.01% |
531,468
+146,938
| +38% | +$10.8M |
|
|
INGM
888
Ingram Micro Holding
INGM
$6.41B
| $40.9M | 0.01% |
1,496,193
+910,713
| +156% | +$25.6M |
|
889
iShares MSCI EAFE ETF
EFA
$79.9B
| $40.5M | 0.01% |
390,245
+71,549
| +22% | +$7.36M |
|
890
Idexx Laboratories
IDXX
$44.1B
| $40.4M | 0.01% |
77,198
-19,528
| -20% | -$11M |
|
891
UDR
UDR
$12.3B
| $40.3M | 0.01% |
1,013,479
+592,356
| +141% | +$21.9M |
|
892
UFP Industries
UFPI
$4.92B
| $40.2M | 0.01% |
442,597
-35,640
| -7% | -$3.1M |
|
893
ACM Research
ACMR
$5.39B
| $39.9M | 0.01% |
314,172
-9,240
| -3% | -$653K |
|
894
Arteris
AIP
$1.11B
| $39.8M | 0.01% |
818,720
+133,195
| +19% | +$4.26M |
|
895
PVH
PVH
$3.55B
| $39.5M | 0.01% |
547,477
+88,064
| +19% | +$7.54M |
|
896
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
| $39.5M | 0.01% |
278,485
+7,997
| +3% | +$1.11M |
|
897
Axalta
AXTA
$7.72B
| $39.4M | 0.01% |
1,162,734
-3,824,499
| -77% | -$115M |
|
898
HSBC
HSBC
$357B
| $39.3M | 0.01% |
413,625
+85,000
| +26% | +$7.76M |
|
899
Innospec
IOSP
$2.33B
| $39.3M | 0.01% |
482,545
+170,480
| +55% | +$13.5M |
|
900
NMI Holdings
NMIH
$3.42B
| $39.2M | 0.01% |
954,073
+235,743
| +33% | +$9.02M |
|
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.