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 |
SHPG
Shire pic
SHPG
|
+$147M |
| 2 |
Gilead Sciences
GILD
|
+$127M |
| 3 |
Intel
INTC
|
+$114M |
| 4 |
LO
LORILLARD INC COM STK
LO
|
+$113M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$112M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$243M |
| 2 |
WNR
Western Refining Inc
WNR
|
+$148M |
| 3 |
UNS
UNS ENERGY CORP COM
UNS
|
+$123M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$118M |
| 5 |
CELG
Celgene Corp
CELG
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.66% |
| 2 | Technology | 13.5% |
| 3 | Energy | 10.11% |
| 4 | Financials | 9.6% |
| 5 | Industrials | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Lumen
LUMN
$5.85B
| $3.63M | 0.01% |
88,903
+62,703
| +239% | +$2.46M |
|
902
TD Synnex
SNX
$19.5B
| $3.61M | 0.01% |
111,690
-7,400
| -6% | -$243K |
|
|
DCT
903
DELISTED
DCT Industrial Trust Inc.
DCT
| $3.61M | 0.01% |
120,143
+88,725
| +282% | +$2.81M |
|
904
Idacorp
IDA
$8B
| $3.6M | 0.01% |
67,184
-17,900
| -21% | -$985K |
|
905
KT
KT
$9.03B
| $3.6M | 0.01% |
222,021
-47,400
| -18% | -$765K |
|
906
Global Payments
GPN
$25B
| $3.59M | 0.01% |
102,800
+64,200
| +166% | +$2.3M |
|
907
OraSure Technologies
OSUR
$263M
| $3.56M | 0.01% |
492,500
+393,200
| +396% | +$3.15M |
|
908
Primerica
PRI
$9.23B
| $3.54M | 0.01% |
73,487
-8,400
| -10% | -$406K |
|
909
Invesco QQQ Trust
QQQ
$483B
| $3.53M | 0.01% |
35,700
-1,000
| -3% | -$97.4K |
|
|
ZNGA
910
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $3.51M | 0.01% |
1,299,700
+971,300
| +296% | +$2.91M |
|
911
Prosperity Bancshares
PB
$8.74B
| $3.5M | 0.01% |
61,253
-39,600
| -39% | -$2.37M |
|
912
Huntsman Corp
HUN
$1.68B
| $3.49M | 0.01% |
134,415
-197,685
| -60% | -$5.39M |
|
913
Booz Allen Hamilton
BAH
$9.05B
| $3.49M | 0.01% |
149,119
+125,806
| +540% | +$2.77M |
|
914
Delek US
DK
$4.17B
| $3.49M | 0.01% |
105,345
+71,116
| +208% | +$2.27M |
|
|
SCHW
915
Charles Schwab
SCHW
$197B
| $3.49M | 0.01% |
118,632
-74,500
| -39% | -$2.11M |
|
|
WW
916
DELISTED
WW International
WW
| $3.49M | 0.01% |
127,068
+77,517
| +156% | +$1.77M |
|
|
FCS
917
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $3.48M | 0.01% |
224,103
+173,803
| +346% | +$2.81M |
|
|
SYKE
918
DELISTED
SYKES Enterprises Inc
SYKE
| $3.47M | 0.01% |
173,840
+17,800
| +11% | +$370K |
|
919
Minerals Technologies
MTX
$2.24B
| $3.47M | 0.01% |
56,221
-8,102
| -13% | -$505K |
|
|
EVRI
920
DELISTED
Everi Holdings
EVRI
| $3.45M | 0.01% |
511,351
+140,100
| +38% | +$1.12M |
|
|
SCG
921
DELISTED
Scana
SCG
| $3.45M | 0.01% |
69,529
-3,800
| -5% | -$195K |
|
922
NewMarket
NEU
$8.61B
| $3.44M | 0.01% |
9,042
+3,300
| +57% | +$1.31M |
|
923
Liberty Media Series A
FWONA
$24.6B
| $3.44M | 0.01% |
143,033
-906,995
| -86% | -$22.3M |
|
924
Euronet Worldwide
EEFT
$2.63B
| $3.43M | 0.01% |
71,840
+1,900
| +3% | +$94.7K |
|
925
Haverty Furniture Companies
HVT
$430M
| $3.43M | 0.01% |
157,414
-10,600
| -6% | -$250K |
|
Similar funds
Cliff Asness's Q3 2014 Portfolio in Review
As of Q3 2014, Cliff Asness held 2,708 positions worth $36.4B, down 1.9% from $37.1B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Cliff Asness withdrew a net $2.61B in Q3 2014, closing 203 positions and reducing 1,062 holdings. Its most notable exit was FOREST LABORATORIES INC, an estimated $243M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 15% a quarter earlier, followed by Technology and Energy.
Against the trend, Cliff Asness opened a new position in BALLY TECHNOLOGIES, INC. worth $80.5M.
- Cliff Asness's largest Q3 2014 buy was BALLY TECHNOLOGIES, INC.: 997,907 shares worth $80.5M.
- Cliff Asness added most to Shire pic in Q3 2014, an estimated $147M increase.
- Cliff Asness's biggest Q3 2014 reduction was Western Refining Inc, cutting an estimated $148M.
- Cliff Asness fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $243M.
- Cliff Asness's ten largest holdings make up 9.4% of its $36.4B portfolio in Q3 2014.
- Cliff Asness opened 200 new positions and closed 203 in Q3 2014.
- Cliff Asness's portfolio value fell 1.9% quarter-over-quarter to $36.4B.
Based on AQR Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.