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 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
+$208M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$161M |
| 3 |
FRX
FOREST LABORATORIES INC
FRX
|
+$141M |
| 4 |
Mastercard
MA
|
+$111M |
| 5 |
AbbVie
ABBV
|
+$98.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$286M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$186M |
| 3 |
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
|
+$179M |
| 4 |
Vodafone
VOD
|
+$148M |
| 5 |
LPS
LENDER PROCESSING SERVICES INC
LPS
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.69% |
| 2 | Technology | 13.34% |
| 3 | Financials | 11.54% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Industrials | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Alexandria Real Estate Equities
ARE
$9.3B
| $2.55M | 0.01% |
35,200
+3,400
| +11% | +$239K |
|
1077
Black Hills Corp
BKH
$5.49B
| $2.54M | 0.01% |
44,078
-200
| -0.5% | -$11K |
|
|
CHK
1078
DELISTED
Chesapeake Energy Corporation
CHK
| $2.53M | 0.01% |
521
-137
| -21% | -$667K |
|
1079
Macerich
MAC
$6.91B
| $2.52M | 0.01% |
40,400
+5,200
| +15% | +$309K |
|
|
AXE
1080
DELISTED
Anixter International Inc
AXE
| $2.52M | 0.01% |
24,800
-37,934
| -60% | -$3.71M |
|
1081
Madison Square Garden
MSGS
$9.69B
| $2.51M | 0.01% |
62,036
-23,834
| -28% | -$979K |
|
1082
National Fuel Gas
NFG
$7.84B
| $2.51M | 0.01% |
35,800
+14,900
| +71% | +$1.09M |
|
|
PGI
1083
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $2.51M | 0.01% |
207,910
+28,700
| +16% | +$326K |
|
|
CLR
1084
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.5M | 0.01% |
40,314
+1,524
| +4% | +$86.9K |
|
|
NSR
1085
DELISTED
Neustar Inc
NSR
| $2.5M | 0.01% |
76,908
-32,150
| -29% | -$1.24M |
|
1086
Brunswick
BC
$5.26B
| $2.49M | 0.01% |
55,025
-7,300
| -12% | -$321K |
|
|
KSU
1087
DELISTED
Kansas City Southern
KSU
| $2.49M | 0.01% |
24,400
+1,650
| +7% | +$170K |
|
1088
Urban Outfitters
URBN
$6.51B
| $2.49M | 0.01% |
68,229
-79,600
| -54% | -$2.9M |
|
|
NQU
1089
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
| $2.48M | 0.01% |
186,888
| – | – |
|
1090
Marriott Vacations Worldwide
VAC
$3.93B
| $2.48M | 0.01% |
44,409
+70
| +0.2% | +$3.62K |
|
|
KOG
1091
DELISTED
KODIAK OIL & GAS CORP
KOG
| $2.47M | 0.01% |
203,762
-43,600
| -18% | -$493K |
|
|
NUVA
1092
DELISTED
NuVasive, Inc.
NUVA
| $2.47M | 0.01% |
64,285
-444
| -0.7% | -$16.3K |
|
1093
AMN Healthcare
AMN
$1.34B
| $2.46M | 0.01% |
178,678
+2,700
| +2% | +$38.9K |
|
1094
Douglas Emmett
DEI
$2B
| $2.45M | 0.01% |
90,200
+21,800
| +32% | +$564K |
|
|
SQI
1095
DELISTED
SCIQUEST, INC. COMMON STOCK
SQI
| $2.44M | 0.01% |
90,382
+83,100
| +1,141% | +$2.35M |
|
1096
Future Fuel
FF
$241M
| $2.44M | 0.01% |
120,141
-37,100
| -24% | -$638K |
|
1097
CoStar Group
CSGP
$13.3B
| $2.43M | 0.01% |
130,080
+90,000
| +225% | +$1.7M |
|
|
HF
1098
DELISTED
HFF Inc.
HF
| $2.42M | 0.01% |
72,079
+2,424
| +3% | +$73.1K |
|
1099
Kelly Services Class A
KELYA
$583M
| $2.42M | 0.01% |
102,037
-10,200
| -9% | -$249K |
|
1100
Ionis Pharmaceuticals
IONS
$10.3B
| $2.41M | 0.01% |
55,819
-7,000
| -11% | -$339K |
|
Similar funds
Cliff Asness's Q1 2014 Portfolio in Review
As of Q1 2014, Cliff Asness held 2,770 positions worth $33.1B, down 1.1% from $33.5B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Cliff Asness withdrew a net $2.85B in Q1 2014, closing 222 positions and reducing 860 holdings. Its most notable exit was LyondellBasell Industries, an estimated $286M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Cliff Asness opened a new position in RIVERBED TECHNOLOGY, INC COM worth $76.5M.
- Cliff Asness's largest Q1 2014 buy was RIVERBED TECHNOLOGY, INC COM: 3,882,944 shares worth $76.5M.
- Cliff Asness added most to BEAM INC COM STK (DE) in Q1 2014, an estimated $208M increase.
- Cliff Asness's biggest Q1 2014 reduction was Citigroup, cutting an estimated $89.3M.
- Cliff Asness fully exited LyondellBasell Industries in Q1 2014, selling an estimated $286M.
- Cliff Asness's ten largest holdings make up 8.9% of its $33.1B portfolio in Q1 2014.
- Cliff Asness opened 218 new positions and closed 222 in Q1 2014.
- Cliff Asness's portfolio value fell 1.1% quarter-over-quarter to $33.1B.
Based on AQR Capital Management's 13F filing for Q1 2014, filed 15 May 2014.