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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 | |
|---|---|---|---|---|---|---|---|
876
Shopify
SHOP
$217B
| $41.8M | 0.01% |
366,139
+116,117
| +46% | +$13.3M |
2024 Q1
9 quarters
|
|
877
BWX Technologies
BWXT
$11.7B
| $41.8M | 0.01% |
214,842
+25,875
| +14% | +$5.39M |
2019 Q4
26 quarters
|
|
878
UMB Financial
UMBF
$10.3B
| $41.8M | 0.01% |
295,887
+103,226
| +54% | +$13.3M |
2019 Q4
26 quarters
|
|
879
DELISTED
AvalonBay Communities
AVB
| $41.8M | 0.01% |
221,385
+125,707
| +131% | +$22.7M |
2013 Q2
52 quarters
|
|
880
Schwab US Large-Cap Growth ETF
SCHG
$62.5B
| $41.8M | 0.01% |
1,271,593
+321,075
| +34% | +$10.6M |
2023 Q4
10 quarters
|
|
881
ICF International
ICFI
$1.69B
| $41.5M | 0.01% |
568,904
+466,042
| +453% | +$32.2M |
2022 Q1
17 quarters
|
|
882
DELISTED
Warner Bros
WBD
| $41.4M | 0.01% |
1,553,625
+1,070,914
| +222% | +$29M |
2021 Q4
18 quarters
|
|
883
Advanced Drainage Systems
WMS
$9.8B
| $41.3M | 0.01% |
266,824
+42,045
| +19% | +$6.01M |
2025 Q2
4 quarters
|
|
884
Baxter International
BAX
$13.1B
| $41.3M | 0.01% |
1,936,013
+1,396,339
| +259% | +$26M |
2013 Q2
52 quarters
|
|
885
SLM Corp
SLM
$3.65B
| $41.2M | 0.01% |
1,589,570
+997,381
| +168% | +$22.5M |
2015 Q4
42 quarters
|
|
886
Virtus Investment Partners
VRTS
$790M
| $41.1M | 0.01% |
286,625
+154,351
| +117% | +$21.8M |
2019 Q1
29 quarters
|
|
887
iShares Core S&P Mid-Cap ETF
IJH
$121B
| $41M | 0.01% |
531,468
+146,938
| +38% | +$10.8M |
2024 Q1
9 quarters
|
|
888
Ingram Micro Holding
INGM
$6.37B
| $40.9M | 0.01% |
1,496,193
+910,713
| +156% | +$25.6M |
2025 Q2
4 quarters
|
|
889
iShares MSCI EAFE ETF
EFA
$76.2B
| $40.5M | 0.01% |
390,245
+71,549
| +22% | +$7.36M |
2023 Q4
10 quarters
|
|
890
Idexx Laboratories
IDXX
$44.1B
| $40.4M | 0.01% |
77,198
-19,528
| -20% | -$11M |
2013 Q2
52 quarters
|
|
891
UDR
UDR
$11.5B
| $40.3M | 0.01% |
1,013,479
+592,356
| +141% | +$21.9M |
2013 Q2
52 quarters
|
|
892
UFP Industries
UFPI
$4.48B
| $40.2M | 0.01% |
442,597
-35,640
| -7% | -$3.1M |
2015 Q3
43 quarters
|
|
893
ACM Research
ACMR
$3.52B
| $39.9M | 0.01% |
314,172
-9,240
| -3% | -$653K |
2022 Q4
14 quarters
|
|
894
Arteris
AIP
$937M
| $39.8M | 0.01% |
818,720
+133,195
| +19% | +$4.26M |
2025 Q1
5 quarters
|
|
895
PVH
PVH
$3.92B
| $39.5M | 0.01% |
547,477
+88,064
| +19% | +$7.54M |
2013 Q2
52 quarters
|
|
896
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
| $39.5M | 0.01% |
278,485
+7,997
| +3% | +$1.11M |
2024 Q1
9 quarters
|
|
897
Axalta
AXTA
$7.31B
| $39.4M | 0.01% |
1,162,734
-3,824,499
| -77% | -$115M |
2019 Q3
27 quarters
|
|
898
HSBC
HSBC
$310B
| $39.3M | 0.01% |
413,625
+85,000
| +26% | +$7.76M |
2024 Q1
9 quarters
|
|
899
Innospec
IOSP
$2.43B
| $39.3M | 0.01% |
482,545
+170,480
| +55% | +$13.5M |
2021 Q3
19 quarters
|
|
900
NMI Holdings
NMIH
$3.2B
| $39.2M | 0.01% |
954,073
+235,743
| +33% | +$9.02M |
2021 Q2
20 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.