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 |
Valero Energy
VLO
|
+$394M |
| 2 |
RTN
Raytheon Company
RTN
|
+$323M |
| 3 |
Booking.com
BKNG
|
+$320M |
| 4 |
FedEx
FDX
|
+$306M |
| 5 |
ConocoPhillips
COP
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$291M |
| 2 |
Western Digital
WDC
|
+$285M |
| 3 |
CELG
Celgene Corp
CELG
|
+$262M |
| 4 |
United Airlines
UAL
|
+$247M |
| 5 |
JPMorgan Chase
JPM
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.22% |
| 2 | Consumer Discretionary | 13.93% |
| 3 | Healthcare | 13.78% |
| 4 | Industrials | 12.45% |
| 5 | Financials | 12.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Canadian Pacific Kansas City
CP
$83.2B
| $4.53M | ﹤0.01% |
123,620
-5,810
| -4% | -$214K |
|
|
BSTC
1077
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $4.47M | ﹤0.01% |
99,715
-14,661
| -13% | -$631K |
|
1078
Grupo Aeroportuario del Sureste
ASR
$7.82B
| $4.47M | ﹤0.01% |
28,061
+183
| +0.7% | +$30.5K |
|
1079
Blackbaud
BLKB
$2.18B
| $4.46M | ﹤0.01% |
43,493
-23,789
| -35% | -$2.45M |
|
1080
Community Trust Bancorp
CTBI
$1.39B
| $4.45M | ﹤0.01% |
89,062
+9,586
| +12% | +$474K |
|
1081
Azenta
AZTA
$1.44B
| $4.44M | ﹤0.01% |
136,101
-208,449
| -60% | -$6.21M |
|
1082
Rayonier
RYN
$6.31B
| $4.43M | ﹤0.01% |
126,198
+93,371
| +284% | +$3.19M |
|
|
SFBS
1083
ServisFirst Bancshares
SFBS
$4.8B
| $4.43M | ﹤0.01% |
212,218
+10,236
| +5% | +$219K |
|
1084
Commault Systems
CVLT
$5.43B
| $4.41M | ﹤0.01% |
66,944
-55,946
| -46% | -$3.85M |
|
1085
Heritage Financial
HFWA
$1.19B
| $4.39M | ﹤0.01% |
125,987
+1,222
| +1% | +$39.2K |
|
|
TEN
1086
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $4.39M | ﹤0.01% |
99,820
+35,426
| +55% | +$1.71M |
|
1087
Five Below
FIVE
$14.5B
| $4.38M | ﹤0.01% |
44,840
+5,509
| +14% | +$442K |
|
|
GLUU
1088
DELISTED
Glu Mobile Inc.
GLUU
| $4.36M | ﹤0.01% |
680,197
+109,528
| +19% | +$570K |
|
1089
Customers Bancorp
CUBI
$2.67B
| $4.33M | ﹤0.01% |
152,689
+3,981
| +3% | +$119K |
|
1090
Perdoceo Education
PRDO
$2.07B
| $4.32M | ﹤0.01% |
266,911
+95,316
| +56% | +$1.39M |
|
1091
LeMaitre Vascular
LMAT
$1.83B
| $4.31M | ﹤0.01% |
128,820
-17,821
| -12% | -$634K |
|
1092
United Fire Group
UFCS
$1.39B
| $4.3M | ﹤0.01% |
78,958
+2,458
| +3% | +$128K |
|
1093
Trimble
TRMB
$14.1B
| $4.3M | ﹤0.01% |
131,012
-276,243
| -68% | -$9.58M |
|
|
RPAI
1094
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $4.28M | ﹤0.01% |
335,197
+236,031
| +238% | +$2.83M |
|
|
ALE
1095
DELISTED
Allete
ALE
| $4.27M | ﹤0.01% |
55,137
+39,038
| +242% | +$2.92M |
|
1096
Meritage Homes
MTH
$4.73B
| $4.26M | ﹤0.01% |
193,862
+31,806
| +20% | +$715K |
|
1097
CNA Financial
CNA
$13.4B
| $4.26M | ﹤0.01% |
93,227
+25,173
| +37% | +$1.22M |
|
1098
Nabors Industries
NBR
$1.31B
| $4.26M | ﹤0.01% |
13,289
+2,319
| +21% | +$851K |
|
1099
Ligand Pharmaceuticals
LGND
$5.59B
| $4.25M | ﹤0.01% |
32,866
+4,166
| +15% | +$465K |
|
|
B
1100
DELISTED
Barnes Group Inc.
B
| $4.23M | ﹤0.01% |
71,811
-23,160
| -24% | -$1.37M |
|
Similar funds
Cliff Asness's Q2 2018 Portfolio in Review
As of Q2 2018, Cliff Asness held 2,453 positions worth $99.3B, up 7.1% from $92.7B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $4.81B of net new capital in Q2 2018, opening 237 new positions and adding to 1,040 existing holdings. Its largest new stake was Evergy: 1,097,915 shares worth $61.6M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Walt Disney, an estimated $291M trimmed.
- Cliff Asness's largest Q2 2018 buy was Evergy: 1,097,915 shares worth $61.6M.
- Cliff Asness added most to Valero Energy in Q2 2018, an estimated $394M increase.
- Cliff Asness's biggest Q2 2018 reduction was Walt Disney, cutting an estimated $291M.
- Cliff Asness fully exited Time Warner Inc in Q2 2018, selling an estimated $99.5M.
- Cliff Asness's ten largest holdings make up 12% of its $99.3B portfolio in Q2 2018.
- Cliff Asness opened 237 new positions and closed 144 in Q2 2018.
- Cliff Asness's portfolio value rose 7.1% quarter-over-quarter to $99.3B.
Based on AQR Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.