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
|
+$119M |
| 2 |
Valero Energy
VLO
|
+$117M |
| 3 |
Chevron
CVX
|
+$89.6M |
| 4 |
Booking.com
BKNG
|
+$88.5M |
| 5 |
Mastercard
MA
|
+$85.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allstate
ALL
|
+$109M |
| 2 |
Moderna
MRNA
|
+$105M |
| 3 |
Goldman Sachs
GS
|
+$97.9M |
| 4 |
Lennar Class A
LEN
|
+$81M |
| 5 |
Emerson Electric
EMR
|
+$78.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.9% |
| 2 | Healthcare | 15.52% |
| 3 | Financials | 11.66% |
| 4 | Consumer Discretionary | 11.48% |
| 5 | Industrials | 11.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRO
76
DELISTED
Marathon Oil Corporation
MRO
| $116M | 0.28% |
5,137,376
+1,089,810
| +27% | +$25.8M |
|
77
Textron
TXT
$14.3B
| $115M | 0.28% |
1,967,369
-343,066
| -15% | -$21.8M |
|
78
Builders FirstSource
BLDR
$7.55B
| $114M | 0.28% |
1,937,675
-154,546
| -7% | -$9.66M |
|
79
Chubb
CB
$132B
| $114M | 0.28% |
625,132
+73,122
| +13% | +$13.9M |
|
80
Travelers Companies
TRV
$75.8B
| $110M | 0.27% |
720,152
-128,004
| -15% | -$20.8M |
|
81
Steel Dynamics
STLD
$32.8B
| $110M | 0.27% |
1,549,948
-578,140
| -27% | -$43.8M |
|
82
Waste Management
WM
$89.6B
| $109M | 0.26% |
677,293
+57
| +0% | +$9.41K |
|
|
83
Allstate
ALL
$64.2B
| $106M | 0.26% |
847,602
-878,298
| -51% | -$109M |
|
84
AutoNation
AN
$6.6B
| $106M | 0.26% |
1,036,022
+27,490
| +3% | +$3.23M |
|
85
HP
HPQ
$27.2B
| $103M | 0.25% |
4,136,235
+1,172,575
| +40% | +$36M |
|
86
Expeditors International
EXPD
$24.4B
| $103M | 0.25% |
1,161,744
-76,171
| -6% | -$7.62M |
|
87
Gartner
IT
$12.4B
| $102M | 0.25% |
369,619
-33,649
| -8% | -$9.43M |
|
88
Cigna
CI
$73.3B
| $101M | 0.25% |
365,002
+67,899
| +23% | +$19.1M |
|
89
The Mosaic Company
MOS
$7.76B
| $101M | 0.25% |
2,090,736
+378,974
| +22% | +$19.6M |
|
90
Huntington Ingalls Industries
HII
$11.8B
| $101M | 0.25% |
454,341
-54,780
| -11% | -$12.3M |
|
91
Dell
DELL
$286B
| $99.9M | 0.24% |
2,922,483
+478,807
| +20% | +$20.2M |
|
92
Cognizant
CTSH
$27.9B
| $98.5M | 0.24% |
1,715,309
+540,319
| +46% | +$35.4M |
|
93
Illinois Tool Works
ITW
$80.4B
| $98.4M | 0.24% |
544,748
-121,131
| -18% | -$23.9M |
|
94
Lockheed Martin
LMT
$130B
| $97.3M | 0.24% |
251,938
+7,940
| +3% | +$3.32M |
|
95
Archer Daniels Midland
ADM
$38.7B
| $96.8M | 0.24% |
1,203,025
+83,969
| +8% | +$6.91M |
|
96
APA Corp
APA
$15.2B
| $96.3M | 0.23% |
2,815,573
+595,054
| +27% | +$21.3M |
|
97
Medtronic
MDT
$119B
| $96.1M | 0.23% |
1,190,661
+101,072
| +9% | +$9.08M |
|
98
Lowe's Companies
LOW
$121B
| $95.9M | 0.23% |
510,745
-31,991
| -6% | -$6.23M |
|
99
Kraft Heinz
KHC
$30.3B
| $95.1M | 0.23% |
2,852,969
-41,202
| -1% | -$1.53M |
|
100
O'Reilly Automotive
ORLY
$72.1B
| $94.6M | 0.23% |
2,017,980
-21,360
| -1% | -$996K |
|
Similar funds
Cliff Asness's Q3 2022 Portfolio in Review
As of Q3 2022, Cliff Asness held 2,407 positions worth $41B, down 7.3% from $44.2B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Cliff Asness's Q3 2022 filing shows 233 new, 1,091 increased, 839 reduced and 232 closed positions. Its largest new stake was Applovin: 596,316 shares worth $11.6M. The largest sale was Allstate, an estimated $109M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Healthcare and Financials.
- Cliff Asness's largest Q3 2022 buy was Applovin: 596,316 shares worth $11.6M.
- Cliff Asness added most to Tesla in Q3 2022, an estimated $119M increase.
- Cliff Asness's biggest Q3 2022 reduction was Allstate, cutting an estimated $109M.
- Cliff Asness fully exited Baidu in Q3 2022, selling an estimated $31.3M.
- Cliff Asness's ten largest holdings make up 14% of its $41B portfolio in Q3 2022.
- Cliff Asness opened 233 new positions and closed 232 in Q3 2022.
- Cliff Asness's portfolio value fell 7.3% quarter-over-quarter to $41B.
Based on AQR Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.