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 | |
|---|---|---|---|---|---|---|
1051
Viasat
VSAT
$9.96B
| $27.4M | 0.01% |
332,428
-6,817
| -2% | -$451K |
|
1052
Vanguard Russell 1000 ETF
VONE
$8.58B
| $27.3M | 0.01% |
80,637
+696
| +0.9% | +$228K |
|
1053
Mine Safety
MSA
$7.29B
| $27.2M | 0.01% |
157,808
+104,867
| +198% | +$17.6M |
|
1054
Ironwood Pharmaceuticals
IRWD
$682M
| $27.2M | 0.01% |
6,465,921
-1,069,159
| -14% | -$4.12M |
|
1055
PTC Therapeutics
PTCT
$5.93B
| $27.1M | 0.01% |
332,251
-9,855
| -3% | -$712K |
|
1056
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.7B
| $26.9M | 0.01% |
398,855
+35,465
| +10% | +$2.28M |
|
1057
iShares Russell 2000 Value ETF
IWN
$14.6B
| $26.9M | 0.01% |
121,763
+12,490
| +11% | +$2.61M |
|
1058
Patterson-UTI
PTEN
$4.52B
| $26.9M | 0.01% |
2,928,255
+838,809
| +40% | +$9.36M |
|
1059
iShares MSCI EAFE Value ETF
EFV
$31.8B
| $26.9M | 0.01% |
351,113
+40,150
| +13% | +$3.11M |
|
1060
Peloton Interactive
PTON
$2.35B
| $26.6M | 0.01% |
4,582,150
+1,593,968
| +53% | +$8.6M |
|
1061
Strategic Education
STRA
$1.87B
| $26.3M | 0.01% |
343,994
+111,230
| +48% | +$8.8M |
|
1062
Diamondrock Hospitality Co
DRH
$2.61B
| $26.3M | 0.01% |
2,156,605
-17,021
| -0.8% | -$185K |
|
1063
Hudbay
HBM
$13.1B
| $26.1M | 0.01% |
1,112,257
+1,060,175
| +2,036% | +$26.8M |
|
1064
SM Energy
SM
$8.67B
| $26.1M | 0.01% |
1,000,121
-78,869
| -7% | -$2.37M |
|
1065
Kratos Defense & Security Solutions
KTOS
$9.96B
| $26.1M | 0.01% |
523,433
+423,252
| +422% | +$25.6M |
|
1066
Rocket Companies
RKT
$39.9B
| $26M | 0.01% |
1,650,833
+971,088
| +143% | +$14M |
|
1067
KBR
KBR
$4.75B
| $26M | 0.01% |
766,268
-67,982
| -8% | -$2.37M |
|
1068
Maplebear
CART
$12B
| $26M | 0.01% |
548,073
-321,695
| -37% | -$13.5M |
|
1069
Hormel Foods
HRL
$13.3B
| $25.9M | 0.01% |
1,045,445
+12,727
| +1% | +$283K |
|
1070
Enova International
ENVA
$6.17B
| $25.9M | 0.01% |
107,594
-3,053
| -3% | -$525K |
|
1071
Hanmi Financial
HAFC
$926M
| $25.7M | 0.01% |
793,267
+65,011
| +9% | +$1.94M |
|
1072
GFL Environmental
GFL
$15B
| $25.7M | 0.01% |
705,822
-424,593
| -38% | -$16.1M |
|
1073
Burford Capital
BUR
$946M
| $25.7M | 0.01% |
6,268,451
+5,573,055
| +801% | +$25.5M |
|
1074
FIVE9
FIVN
$2.45B
| $25.7M | 0.01% |
1,227,051
+279,880
| +30% | +$5.53M |
|
1075
Wintrust Financial
WTFC
$10.3B
| $25.7M | 0.01% |
160,623
+43,554
| +37% | +$6.55M |
|
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.