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 |
Tesla
TSLA
|
+$154M |
| 2 |
ConocoPhillips
COP
|
+$127M |
| 3 |
Chevron
CVX
|
+$111M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$107M |
| 5 |
NRG Energy
NRG
|
+$83.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$376M |
| 2 |
Meta Platforms (Facebook)
META
|
+$195M |
| 3 |
Target
TGT
|
+$191M |
| 4 |
Elevance Health
ELV
|
+$139M |
| 5 |
Amazon
AMZN
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 15.8% |
| 3 | Industrials | 12.37% |
| 4 | Financials | 11.64% |
| 5 | Consumer Discretionary | 11.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Oxford Industries
OXM
$546M
| $3.8M | 0.01% |
37,398
+4,637
| +14% | +$451K |
|
902
Kimco Realty
KIM
$16.2B
| $3.78M | 0.01% |
153,334
-4,197
| -3% | -$97.1K |
|
903
LiveRamp
RAMP
$2.29B
| $3.77M | 0.01% |
78,728
-59,544
| -43% | -$3M |
|
904
Kinsale Capital Group
KNSL
$9.01B
| $3.77M | 0.01% |
15,858
-9,803
| -38% | -$1.93M |
|
905
Hain Celestial
HAIN
$75.8M
| $3.77M | 0.01% |
89,158
+61,014
| +217% | +$2.6M |
|
906
Power Integrations
POWI
$2.97B
| $3.77M | 0.01% |
40,563
+11,516
| +40% | +$1.13M |
|
907
Stewart Information Services
STC
$2.13B
| $3.75M | 0.01% |
47,099
-13,391
| -22% | -$984K |
|
908
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $3.75M | 0.01% |
39,243
-10,501
| -21% | -$1.03M |
|
909
Dana Inc
DAN
$3.24B
| $3.74M | 0.01% |
163,918
-133,363
| -45% | -$3.1M |
|
910
Entergy
ETR
$49.4B
| $3.74M | 0.01% |
66,748
+23,148
| +53% | +$1.22M |
|
911
Inspire Medical Systems
INSP
$1.78B
| $3.67M | 0.01% |
15,934
+1,254
| +9% | +$306K |
|
|
MCFE
912
DELISTED
McAfee Corp. Class A Common Stock
MCFE
| $3.63M | 0.01% |
+140,698
| New | +$3.39M |
|
913
Global Net Lease
GNL
$2.13B
| $3.62M | 0.01% |
236,649
+88,090
| +59% | +$1.37M |
|
914
SM Energy
SM
$8.67B
| $3.6M | 0.01% |
122,086
-18,724
| -13% | -$585K |
|
915
Home BancShares
HOMB
$6.01B
| $3.59M | 0.01% |
147,357
+69,060
| +88% | +$1.7M |
|
916
Vornado Realty Trust
VNO
$7.26B
| $3.57M | 0.01% |
85,309
-29,677
| -26% | -$1.28M |
|
917
Chord Energy
CHRD
$7.91B
| $3.56M | 0.01% |
28,213
-6,057
| -18% | -$720K |
|
918
Enphase Energy
ENPH
$4.91B
| $3.54M | 0.01% |
19,349
-3,450
| -15% | -$720K |
|
919
SPS Commerce
SPSC
$2.93B
| $3.53M | 0.01% |
24,822
+341
| +1% | +$51.1K |
|
920
Lamb Weston
LW
$7.53B
| $3.53M | 0.01% |
55,771
+41,019
| +278% | +$2.37M |
|
921
MACOM Technology Solutions
MTSI
$19.7B
| $3.52M | 0.01% |
44,946
-15,066
| -25% | -$1.09M |
|
|
KW
922
DELISTED
Kennedy-Wilson Holdings
KW
| $3.51M | 0.01% |
147,137
+49,037
| +50% | +$1.12M |
|
923
Telefônica Brasil
VIV
$18.3B
| $3.48M | 0.01% |
401,927
+115,512
| +40% | +$985K |
|
924
MongoDB
MDB
$32.4B
| $3.47M | 0.01% |
6,560
+2,810
| +75% | +$1.44M |
|
925
Cincinnati Financial
CINF
$26.3B
| $3.46M | 0.01% |
30,425
+13,875
| +84% | +$1.64M |
|
Similar funds
Cliff Asness's Q4 2021 Portfolio in Review
As of Q4 2021, Cliff Asness held 2,357 positions worth $55.2B, up 2.3% from $53.9B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.83B in Q4 2021, closing 169 positions and reducing 1,099 holdings. Its most notable exit was Kansas City Southern, an estimated $7.54M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Live Nation Entertainment worth $8.76M.
- Cliff Asness's largest Q4 2021 buy was Live Nation Entertainment: 73,147 shares worth $8.76M.
- Cliff Asness added most to Tesla in Q4 2021, an estimated $154M increase.
- Cliff Asness's biggest Q4 2021 reduction was Apple, cutting an estimated $376M.
- Cliff Asness fully exited Kansas City Southern in Q4 2021, selling an estimated $7.54M.
- Cliff Asness's ten largest holdings make up 17% of its $55.2B portfolio in Q4 2021.
- Cliff Asness opened 126 new positions and closed 169 in Q4 2021.
- Cliff Asness's portfolio value rose 2.3% quarter-over-quarter to $55.2B.
Based on AQR Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.