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 |
Verizon
VZ
|
+$145M |
| 2 |
American Electric Power
AEP
|
+$145M |
| 3 |
AT&T
T
|
+$126M |
| 4 |
ANDV
Andeavor
ANDV
|
+$120M |
| 5 |
Tyson Foods
TSN
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$282M |
| 2 |
AET
Aetna Inc
AET
|
+$185M |
| 3 |
KeyCorp
KEY
|
+$162M |
| 4 |
EA
Electronic Arts
EA
|
+$159M |
| 5 |
Biogen
BIIB
|
+$139M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.29% |
| 2 | Financials | 14.6% |
| 3 | Consumer Discretionary | 13.62% |
| 4 | Industrials | 12.44% |
| 5 | Healthcare | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GWB
901
DELISTED
Great Western Bancorp, Inc.
GWB
| $4.78M | 0.01% |
175,361
+116,360
| +197% | +$2.98M |
|
902
First Industrial Realty Trust
FR
$8.41B
| $4.78M | 0.01% |
210,137
+84,517
| +67% | +$1.78M |
|
903
Penske Automotive Group
PAG
$14.3B
| $4.78M | 0.01% |
125,985
+78,004
| +163% | +$2.78M |
|
904
Emergent Biosolutions
EBS
$266M
| $4.77M | 0.01% |
131,139
-110,015
| -46% | -$3.89M |
|
905
Watsco Inc
WSO
$12.8B
| $4.73M | 0.01% |
35,095
+10,520
| +43% | +$1.28M |
|
906
United Fire Group
UFCS
$1.39B
| $4.73M | 0.01% |
107,863
+81,048
| +302% | +$3.19M |
|
|
NCI
907
DELISTED
Navigant Consulting, Inc.
NCI
| $4.72M | 0.01% |
298,717
+65,402
| +28% | +$1M |
|
|
SHOE
908
Shoe Station Group
SHOE
$424M
| $4.72M | 0.01% |
350,002
+75,514
| +28% | +$898K |
|
909
Associated Banc-Corp
ASB
$5.84B
| $4.71M | 0.01% |
262,280
-435,481
| -62% | -$7.62M |
|
|
UPL
910
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $4.68M | 0.01% |
+9,406,049
| New | +$11.1M |
|
911
EXL Service
EXLS
$5.71B
| $4.67M | 0.01% |
451,110
+159,620
| +55% | +$1.47M |
|
912
iShares MSCI Taiwan ETF
EWT
$11.2B
| $4.66M | 0.01% |
168,264
+3,221
| +2% | +$81.8K |
|
913
Agree Realty
ADC
$9.28B
| $4.65M | 0.01% |
120,908
+13,198
| +12% | +$480K |
|
914
Mattel
MAT
$4.23B
| $4.62M | 0.01% |
137,472
+3,210
| +2% | +$97.5K |
|
915
Canadian Natural Resources
CNQ
$104B
| $4.57M | 0.01% |
348,254
+159,365
| +84% | +$1.7M |
|
|
DFT
916
DELISTED
DuPont Fabros Technology Inc.
DFT
| $4.57M | 0.01% |
112,644
+36,743
| +48% | +$1.28M |
|
|
PVTB
917
DELISTED
PrivateBancorp Inc
PVTB
| $4.56M | 0.01% |
118,082
-11,926
| -9% | -$437K |
|
918
Beazer Homes USA
BZH
$883M
| $4.53M | 0.01% |
519,023
+474,286
| +1,060% | +$3.94M |
|
|
DCH
919
Dauch Corp
DCH
$1.53B
| $4.51M | 0.01% |
292,953
+188,059
| +179% | +$2.71M |
|
920
VanEck Oil Services ETF
OIH
$1.94B
| $4.5M | 0.01% |
+8,446
| New | +$4.14M |
|
|
FBC
921
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $4.48M | 0.01% |
208,966
+108,056
| +107% | +$2.16M |
|
922
Employers Holdings
EIG
$883M
| $4.46M | 0.01% |
158,540
+39,421
| +33% | +$1.03M |
|
923
Align Technology
ALGN
$11.3B
| $4.46M | 0.01% |
61,342
+614
| +1% | +$40.2K |
|
924
Avista
AVA
$3.18B
| $4.45M | 0.01% |
109,206
+64,480
| +144% | +$2.43M |
|
925
Rollins
ROL
$17.9B
| $4.44M | 0.01% |
368,564
+187,824
| +104% | +$2.23M |
|
Similar funds
Cliff Asness's Q1 2016 Portfolio in Review
As of Q1 2016, Cliff Asness held 2,396 positions worth $55.6B, down 2.7% from $57.1B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Cliff Asness withdrew a net $1.96B in Q1 2016, closing 192 positions and reducing 924 holdings. Its most notable exit was Broadcom, an estimated $82.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in CONCHO RESOURCES INC. worth $18.5M.
- Cliff Asness's largest Q1 2016 buy was CONCHO RESOURCES INC.: 182,889 shares worth $18.5M.
- Cliff Asness added most to Verizon in Q1 2016, an estimated $145M increase.
- Cliff Asness's biggest Q1 2016 reduction was Pfizer, cutting an estimated $282M.
- Cliff Asness fully exited Broadcom in Q1 2016, selling an estimated $82.9M.
- Cliff Asness's ten largest holdings make up 8.6% of its $55.6B portfolio in Q1 2016.
- Cliff Asness opened 159 new positions and closed 192 in Q1 2016.
- Cliff Asness's portfolio value fell 2.7% quarter-over-quarter to $55.6B.
Based on AQR Capital Management's 13F filing for Q1 2016, filed 16 May 2016.