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 |
Microsoft
MSFT
|
+$168M |
| 2 |
AbbVie
ABBV
|
+$164M |
| 3 |
TSMC
TSM
|
+$147M |
| 4 |
Amgen
AMGN
|
+$139M |
| 5 |
Walmart Inc
WMT
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$186M |
| 2 |
AGN
Allergan Inc
AGN
|
+$175M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$175M |
| 4 |
HCBK
HUDSON CITY BANCORP INC
HCBK
|
+$172M |
| 5 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.2% |
| 2 | Technology | 17.16% |
| 3 | Financials | 12.6% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Industrials | 10.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
BWX Technologies
BWXT
$13.7B
| $2.3M | 0.01% |
100,270
-42,580
| -30% | -$895K |
|
|
TPC
1052
Tutor Perini Cor
TPC
$4.64B
| $2.3M | 0.01% |
98,518
-56,144
| -36% | -$1.32M |
|
1053
Idexx Laboratories
IDXX
$44.1B
| $2.29M | 0.01% |
29,620
+3,226
| +12% | +$251K |
|
1054
Copart
CPRT
$30.8B
| $2.29M | 0.01% |
486,880
+18,272
| +4% | +$84.7K |
|
|
NUVA
1055
DELISTED
NuVasive, Inc.
NUVA
| $2.28M | 0.01% |
49,558
-1,127
| -2% | -$52.4K |
|
1056
Omega Healthcare
OHI
$14.1B
| $2.27M | 0.01% |
56,000
+17,200
| +44% | +$712K |
|
1057
Comscore
SCOR
$73.6M
| $2.27M | 0.01% |
2,216
-1,354
| -38% | -$1.27M |
|
|
AYR
1058
DELISTED
Aircastle Ltd
AYR
| $2.27M | 0.01% |
100,923
-31,593
| -24% | -$687K |
|
1059
Sally Beauty Holdings
SBH
$1.56B
| $2.26M | 0.01% |
65,828
+30,781
| +88% | +$994K |
|
1060
MGIC Investment
MTG
$6.38B
| $2.25M | 0.01% |
234,200
+125,300
| +115% | +$1.15M |
|
|
CIE
1061
DELISTED
Cobalt International Energy, Inc
CIE
| $2.25M | 0.01% |
15,944
-43,075
| -73% | -$5.81M |
|
|
SCTY
1062
DELISTED
SolarCity Corporation
SCTY
| $2.25M | 0.01% |
43,856
-121,832
| -74% | -$6.26M |
|
|
STR
1063
DELISTED
QUESTAR CORP
STR
| $2.24M | 0.01% |
93,804
-13,400
| -12% | -$327K |
|
1064
Mid-America Apartment Communities
MAA
$15.4B
| $2.23M | 0.01% |
28,888
+1,648
| +6% | +$126K |
|
1065
Banco de Chile
BCH
$21.7B
| $2.23M | 0.01% |
109,446
+988
| +0.9% | +$20.4K |
|
1066
Take-Two Interactive
TTWO
$43.7B
| $2.23M | 0.01% |
87,401
-212,437
| -71% | -$5.78M |
|
1067
Global Payments
GPN
$25B
| $2.2M | 0.01% |
48,028
-23,092
| -32% | -$1.03M |
|
|
BDSI
1068
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $2.19M | 0.01% |
208,600
+36,300
| +21% | +$496K |
|
|
EV
1069
DELISTED
Eaton Vance Corp.
EV
| $2.18M | 0.01% |
52,449
+2,900
| +6% | +$120K |
|
1070
Saia
SAIA
$9.32B
| $2.18M | 0.01% |
49,221
-5,285
| -10% | -$244K |
|
|
VRNT
1071
DELISTED
Verint Systems
VRNT
| $2.18M | 0.01% |
68,982
-11,695
| -14% | -$344K |
|
1072
PDF Solutions
PDFS
$1.86B
| $2.17M | 0.01% |
121,300
+25,000
| +26% | +$435K |
|
1073
Southwest Gas
SWX
$6.49B
| $2.17M | 0.01% |
37,300
+13,100
| +54% | +$774K |
|
1074
HNI Corp
HNI
$3.54B
| $2.17M | 0.01% |
39,302
+27,902
| +245% | +$1.43M |
|
|
KW
1075
DELISTED
Kennedy-Wilson Holdings
KW
| $2.16M | ﹤0.01% |
82,500
+20,200
| +32% | +$535K |
|
Similar funds
Cliff Asness's Q1 2015 Portfolio in Review
As of Q1 2015, Cliff Asness held 2,617 positions worth $43.8B, down 8.4% from $47.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness withdrew a net $2.6B in Q1 2015, closing 480 positions and reducing 931 holdings. Its most notable exit was Allergan Inc, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Cliff Asness opened a new position in Qorvo worth $68.6M.
- Cliff Asness's largest Q1 2015 buy was Qorvo: 860,877 shares worth $68.6M.
- Cliff Asness added most to Microsoft in Q1 2015, an estimated $168M increase.
- Cliff Asness's biggest Q1 2015 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $186M.
- Cliff Asness fully exited Allergan Inc in Q1 2015, selling an estimated $175M.
- Cliff Asness's ten largest holdings make up 11% of its $43.8B portfolio in Q1 2015.
- Cliff Asness opened 198 new positions and closed 480 in Q1 2015.
- Cliff Asness's portfolio value fell 8.4% quarter-over-quarter to $43.8B.
Based on AQR Capital Management's 13F filing for Q1 2015, filed 15 May 2015.