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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Atlassian
TEAM
$43.4B
| $3.79M | 0.01% |
14,744
-14,945
| -50% | -$3.5M |
|
927
Shutterstock
SSTK
$198M
| $3.77M | 0.01% |
38,412
-1,158
| -3% | -$106K |
|
928
Ingevity
NGVT
$2.37B
| $3.75M | 0.01% |
46,876
-34,346
| -42% | -$2.76M |
|
929
Avient
AVNT
$4.07B
| $3.73M | 0.01% |
77,052
-67,474
| -47% | -$3.41M |
|
930
Community Health Systems
CYH
$424M
| $3.72M | 0.01% |
240,676
+73,711
| +44% | +$1M |
|
931
Arrowhead Research
ARWR
$12.3B
| $3.71M | 0.01% |
45,166
+19,212
| +74% | +$1.43M |
|
932
Griffon
GFF
$4.59B
| $3.66M | 0.01% |
142,746
-23,665
| -14% | -$632K |
|
|
PRAH
933
DELISTED
PRA Health Sciences, Inc.
PRAH
| $3.66M | 0.01% |
22,146
-1,715
| -7% | -$286K |
|
|
OPLN
934
Openlane
OPLN
$4.16B
| $3.65M | 0.01% |
207,788
+88,000
| +73% | +$1.49M |
|
935
Encore Capital Group
ECPG
$2.19B
| $3.61M | 0.01% |
76,089
-28,051
| -27% | -$1.22M |
|
936
Harley-Davidson
HOG
$2.94B
| $3.6M | 0.01% |
78,587
+6,770
| +9% | +$314K |
|
937
Walker & Dunlop
WD
$1.36B
| $3.6M | 0.01% |
34,469
-359
| -1% | -$37.6K |
|
938
First Financial Corp
THFF
$947M
| $3.58M | 0.01% |
87,706
-2,304
| -3% | -$102K |
|
939
Genco Shipping & Trading
GNK
$1.17B
| $3.58M | 0.01% |
189,579
+118,520
| +167% | +$1.83M |
|
|
CCRN
940
DELISTED
Cross Country Healthcare
CCRN
| $3.58M | 0.01% |
216,668
-36,617
| -14% | -$559K |
|
941
Titan Machinery
TITN
$444M
| $3.56M | 0.01% |
115,213
-8,590
| -7% | -$241K |
|
942
MSCI
MSCI
$41.5B
| $3.56M | 0.01% |
6,686
+347
| +5% | +$165K |
|
|
JKS
943
JinkoSolar
JKS
$846M
| $3.56M | 0.01% |
63,513
| – | – |
|
|
NFBK
944
DELISTED
Northfield Bancorp
NFBK
| $3.52M | 0.01% |
214,775
-543
| -0.3% | -$8.94K |
|
945
Roper Technologies
ROP
$41.1B
| $3.52M | 0.01% |
7,544
-350
| -4% | -$155K |
|
946
Ingersoll Rand
IR
$31B
| $3.51M | 0.01% |
72,129
+9,685
| +16% | +$475K |
|
947
Stewart Information Services
STC
$2.13B
| $3.49M | 0.01% |
61,608
+3,867
| +7% | +$226K |
|
948
Usana Health Sciences
USNA
$251M
| $3.47M | 0.01% |
33,865
-9,219
| -21% | -$926K |
|
949
John Wiley & Sons Class A
WLY
$2.7B
| $3.47M | 0.01% |
59,118
+10,176
| +21% | +$605K |
|
950
Gates Industrial Corp
GTES
$6.59B
| $3.45M | 0.01% |
191,418
+143,295
| +298% | +$2.51M |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.