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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1051
Viasat
VSAT
$9.15B
| $27.4M | 0.01% |
332,428
-6,817
| -2% | -$451K |
2023 Q1
13 quarters
|
|
1052
Vanguard Russell 1000 ETF
VONE
$8.98B
| $27.3M | 0.01% |
80,637
+696
| +0.9% | +$228K |
2023 Q4
10 quarters
|
|
1053
Mine Safety
MSA
$7.04B
| $27.2M | 0.01% |
157,808
+104,867
| +198% | +$17.6M |
2016 Q4
38 quarters
|
|
1054
Ironwood Pharmaceuticals
IRWD
$578M
| $27.2M | 0.01% |
6,465,921
-1,069,159
| -14% | -$4.12M |
2019 Q1
29 quarters
|
|
1055
PTC Therapeutics
PTCT
$5.1B
| $27.1M | 0.01% |
332,251
-9,855
| -3% | -$712K |
2021 Q4
18 quarters
|
|
1056
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.4B
| $26.9M | 0.01% |
398,855
+35,465
| +10% | +$2.28M |
2023 Q4
10 quarters
|
|
1057
iShares Russell 2000 Value ETF
IWN
$13.9B
| $26.9M | 0.01% |
121,763
+12,490
| +11% | +$2.61M |
2024 Q4
6 quarters
|
|
1058
Patterson-UTI
PTEN
$4.67B
| $26.9M | 0.01% |
2,928,255
+838,809
| +40% | +$9.36M |
2015 Q4
42 quarters
|
|
1059
iShares MSCI EAFE Value ETF
EFV
$30.5B
| $26.9M | 0.01% |
351,113
+40,150
| +13% | +$3.11M |
2024 Q3
7 quarters
|
|
1060
Peloton Interactive
PTON
$2.3B
| $26.6M | 0.01% |
4,582,150
+1,593,968
| +53% | +$8.6M |
2024 Q4
6 quarters
|
|
1061
Strategic Education
STRA
$1.8B
| $26.3M | 0.01% |
343,994
+111,230
| +48% | +$8.8M |
2023 Q3
11 quarters
|
|
1062
Diamondrock Hospitality Co
DRH
$2.85B
| $26.3M | 0.01% |
2,156,605
-17,021
| -0.8% | -$185K |
2021 Q3
19 quarters
|
|
1063
Hudbay
HBM
$9.8B
| $26.1M | 0.01% |
1,112,257
+1,060,175
| +2,036% | +$26.8M |
2026 Q1
1 quarter
|
|
1064
SM Energy
SM
$9.5B
| $26.1M | 0.01% |
1,000,121
-78,869
| -7% | -$2.37M |
2020 Q1
25 quarters
|
|
1065
Kratos Defense & Security Solutions
KTOS
$7.59B
| $26.1M | 0.01% |
523,433
+423,252
| +422% | +$25.6M |
2023 Q4
10 quarters
|
|
1066
Rocket Companies
RKT
$32.5B
| $26M | 0.01% |
1,650,833
+971,088
| +143% | +$14M |
2023 Q4
10 quarters
|
|
1067
KBR
KBR
$5.05B
| $26M | 0.01% |
766,268
-67,982
| -8% | -$2.37M |
2013 Q2
52 quarters
|
|
1068
Maplebear
CART
$14.4B
| $26M | 0.01% |
548,073
-321,695
| -37% | -$13.5M |
2024 Q4
6 quarters
|
|
1069
Hormel Foods
HRL
$11.5B
| $25.9M | 0.01% |
1,045,445
+12,727
| +1% | +$283K |
2013 Q2
52 quarters
|
|
1070
Enova International
ENVA
$4.16B
| $25.9M | 0.01% |
107,594
-3,053
| -3% | -$525K |
2014 Q4
46 quarters
|
|
1071
Hanmi Financial
HAFC
$954M
| $25.7M | 0.01% |
793,267
+65,011
| +9% | +$1.94M |
2013 Q2
52 quarters
|
|
1072
GFL Environmental
GFL
$19.9B
| $25.7M | 0.01% |
705,822
-424,593
| -38% | -$16.1M |
2025 Q3
3 quarters
|
|
1073
Burford Capital
BUR
$714M
| $25.7M | 0.01% |
6,268,451
+5,573,055
| +801% | +$25.5M |
2024 Q3
7 quarters
|
|
1074
FIVE9
FIVN
$2.82B
| $25.7M | 0.01% |
1,227,051
+279,880
| +30% | +$5.53M |
2025 Q2
4 quarters
|
|
1075
Wintrust Financial
WTFC
$10.2B
| $25.7M | 0.01% |
160,623
+43,554
| +37% | +$6.55M |
2015 Q3
43 quarters
|
|
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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.