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 |
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 |
SNDK
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 | |
|---|---|---|---|---|---|---|
76
Lockheed Martin
LMT
$130B
| $701M | 0.24% |
1,376,925
-130,861
| -9% | -$70.7M |
|
77
Atlassian
TEAM
$43.5B
| $686M | 0.24% |
8,822,984
+4,672,953
| +113% | +$382M |
|
|
WCN
78
Waste Connections
WCN
$42.6B
| $684M | 0.24% |
4,111,035
+3,002,466
| +271% | +$475M |
|
79
Medpace
MEDP
$17.3B
| $677M | 0.24% |
1,278,935
-74,902
| -6% | -$34.6M |
|
|
80
Synopsys
SNPS
$76.2B
| $672M | 0.23% |
1,507,732
+1,367,110
| +972% | +$643M |
|
81
Newmont
NEM
$139B
| $670M | 0.23% |
7,231,406
-401,170
| -5% | -$43.7M |
|
82
McKesson
MCK
$100B
| $661M | 0.23% |
878,727
-28,745
| -3% | -$22.8M |
|
83
EOG Resources
EOG
$80.3B
| $655M | 0.23% |
5,046,979
+2,718,903
| +117% | +$370M |
|
84
Vanguard S&P 500 ETF
VOO
$1.02T
| $649M | 0.23% |
944,297
+257,774
| +38% | +$172M |
|
85
Johnson Controls International
JCI
$86.7B
| $647M | 0.23% |
4,496,456
+1,499,675
| +50% | +$212M |
|
86
Take-Two Interactive
TTWO
$44.8B
| $646M | 0.23% |
2,592,293
+410,985
| +19% | +$90.7M |
|
|
BNY
87
Bank of New York Mellon
BNY
$108B
| $646M | 0.23% |
4,467,291
+171,027
| +4% | +$23.4M |
|
88
Neurocrine Biosciences
NBIX
$15.5B
| $643M | 0.22% |
3,818,037
-1,120,930
| -23% | -$166M |
|
89
Visa
V
$693B
| $640M | 0.22% |
1,870,589
+543,979
| +41% | +$175M |
|
90
New York Times
NYT
$10.6B
| $634M | 0.22% |
9,053,710
+871,270
| +11% | +$67.2M |
|
91
Blackrock
BLK
$179B
| $632M | 0.22% |
657,295
+217,101
| +49% | +$225M |
|
92
Natera
NTRA
$47.9B
| $628M | 0.22% |
2,344,570
+70,579
| +3% | +$15M |
|
93
Boeing
BA
$169B
| $624M | 0.22% |
2,881,096
+1,586,705
| +123% | +$353M |
|
94
Illumina
ILMN
$33.1B
| $623M | 0.22% |
3,544,465
-436,615
| -11% | -$63.9M |
|
95
Aon
AON
$75.3B
| $623M | 0.22% |
1,905,800
+926,045
| +95% | +$299M |
|
96
Veeva Systems
VEEV
$40.3B
| $615M | 0.21% |
3,498,371
+901,506
| +35% | +$149M |
|
97
Ameriprise Financial
AMP
$49.1B
| $607M | 0.21% |
1,324,189
-151,145
| -10% | -$69.3M |
|
98
Incyte
INCY
$25.9B
| $603M | 0.21% |
5,320,901
-487,029
| -8% | -$48.3M |
|
99
ExxonMobil
XOM
$679B
| $600M | 0.21% |
4,407,126
+563,201
| +15% | +$84.3M |
|
100
Exelixis
EXEL
$13.4B
| $599M | 0.21% |
11,023,943
-2,071,798
| -16% | -$101M |
|
Similar funds
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.