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 | |
|---|---|---|---|---|---|---|
1101
Kiniksa Pharmaceuticals
KNSA
$6.19B
| $24M | 0.01% |
375,039
-3,658
| -1% | -$190K |
|
|
SUNB
1102
Sunbelt Rentals Holdings
SUNB
$31.3B
| $23.9M | 0.01% |
328,007
-39,352
| -11% | -$2.95M |
|
1103
Relay Therapeutics
RLAY
$4.33B
| $23.9M | 0.01% |
1,279,473
-10,559
| -0.8% | -$153K |
|
1104
Compass
COMP
$8.87B
| $23.9M | 0.01% |
1,937,662
+615,386
| +47% | +$5.13M |
|
1105
Sony
SONY
$142B
| $23.9M | 0.01% |
1,189,648
+572,271
| +93% | +$12.1M |
|
1106
OR Royalties Inc
OR
$7.02B
| $23.8M | 0.01% |
753,794
+649,997
| +626% | +$24M |
|
1107
Avantis US Small Cap Value ETF
AVUV
$31.3B
| $23.8M | 0.01% |
190,592
+18,742
| +11% | +$2.24M |
|
1108
Avantis International Small Cap Value ETF
AVDV
$20.2B
| $23.7M | 0.01% |
230,444
+28,296
| +14% | +$3.01M |
|
1109
Healthcare Services Group
HCSG
$1.56B
| $23.7M | 0.01% |
974,997
-112,483
| -10% | -$2.38M |
|
1110
ACV Auctions
ACVA
$1.27B
| $23.6M | 0.01% |
3,282,576
+2,511,737
| +326% | +$14.2M |
|
1111
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.9B
| $23.6M | 0.01% |
237,485
-18,519
| -7% | -$1.84M |
|
1112
Pembina Pipeline
PBA
$28.3B
| $23.6M | 0.01% |
510,227
+246,413
| +93% | +$11.4M |
|
1113
Glacier Bancorp
GBCI
$6.09B
| $23.4M | 0.01% |
453,468
-75,024
| -14% | -$3.62M |
|
1114
NatWest
NWG
$74.4B
| $23.3M | 0.01% |
1,321,509
+199,491
| +18% | +$3.21M |
|
1115
Okta
OKTA
$22.8B
| $23.2M | 0.01% |
174,576
+101,002
| +137% | +$9.5M |
|
|
NESR
1116
National Energy Services Reunited Corp
NESR
$3.37B
| $23.2M | 0.01% |
775,990
+130,966
| +20% | +$3.24M |
|
1117
Warby Parker
WRBY
$3.24B
| $23.2M | 0.01% |
765,069
-176,680
| -19% | -$4.37M |
|
1118
International Seaways
INSW
$4.95B
| $23.2M | 0.01% |
302,901
+39,675
| +15% | +$3.22M |
|
1119
Garrett Motion
GTX
$4.82B
| $23.1M | 0.01% |
638,955
-388,778
| -38% | -$10.8M |
|
1120
Coinbase
COIN
$47.4B
| $23.1M | 0.01% |
157,825
+72,761
| +86% | +$13.1M |
|
1121
Progyny
PGNY
$1.95B
| $23M | 0.01% |
797,534
+141,140
| +22% | +$3.15M |
|
1122
HCI Group
HCI
$2.31B
| $22.9M | 0.01% |
130,716
+53,030
| +68% | +$8.36M |
|
1123
Hamilton Insurance Group
HG
$3.47B
| $22.8M | 0.01% |
670,763
-7,613
| -1% | -$239K |
|
1124
CBIZ
CBZ
$2.96B
| $22.8M | 0.01% |
709,617
+463,814
| +189% | +$14.4M |
|
1125
Monarch Casino & Resort
MCRI
$2.23B
| $22.7M | 0.01% |
172,373
+6,072
| +4% | +$708K |
|
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.