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 |
Meta Platforms (Facebook)
META
|
+$511M |
| 2 |
Oracle
ORCL
|
+$454M |
| 3 |
Western Digital
WDC
|
+$438M |
| 4 |
LyondellBasell Industries
LYB
|
+$278M |
| 5 |
CELG
Celgene Corp
CELG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$265M |
| 2 |
PG&E
PCG
|
+$220M |
| 3 |
General Motors
GM
|
+$192M |
| 4 |
Regions Financial
RF
|
+$174M |
| 5 |
STI
SunTrust Banks, Inc.
STI
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.91% |
| 2 | Healthcare | 14.95% |
| 3 | Financials | 14.41% |
| 4 | Industrials | 13.09% |
| 5 | Consumer Discretionary | 13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Coca-Cola Femsa
KOF
$24.1B
| $4.18M | ﹤0.01% |
60,021
-23,227
| -28% | -$1.62M |
|
1102
SBA Communications
SBAC
$19.6B
| $4.16M | ﹤0.01% |
25,459
+19,017
| +295% | +$3.02M |
|
|
NATI
1103
DELISTED
National Instruments Corp
NATI
| $4.13M | ﹤0.01% |
99,255
+40,854
| +70% | +$1.78M |
|
|
CZR
1104
DELISTED
Caesars Entertainment Corporation
CZR
| $4.12M | ﹤0.01% |
325,843
+153,883
| +89% | +$1.95M |
|
1105
McGrath RentCorp
MGRC
$2.85B
| $4.11M | ﹤0.01% |
87,363
-1,045
| -1% | -$48.3K |
|
|
GWB
1106
DELISTED
Great Western Bancorp, Inc.
GWB
| $4.09M | ﹤0.01% |
102,735
-80,600
| -44% | -$3.26M |
|
|
SIR
1107
DELISTED
SELECT INCOME REIT
SIR
| $4.08M | ﹤0.01% |
369,549
-212,660
| -37% | -$2.32M |
|
1108
Gray Television
GTN
$507M
| $4.07M | ﹤0.01% |
242,988
-15,973
| -6% | -$250K |
|
1109
MasTec
MTZ
$20.5B
| $4.07M | ﹤0.01% |
83,150
-11,369
| -12% | -$507K |
|
1110
SiriusXM
SIRI
$9.59B
| $4.07M | ﹤0.01% |
75,913
+4,231
| +6% | +$234K |
|
1111
Beazer Homes USA
BZH
$883M
| $4.03M | ﹤0.01% |
209,553
-120,044
| -36% | -$2.41M |
|
1112
Progress Software
PRGS
$1.78B
| $4.01M | ﹤0.01% |
+94,311
| New | +$3.93M |
|
1113
Sarepta Therapeutics
SRPT
$1.92B
| $4.01M | ﹤0.01% |
72,100
-9,368
| -11% | -$496K |
|
1114
Expedia Group
EXPE
$40.7B
| $4.01M | ﹤0.01% |
33,483
-27,079
| -45% | -$3.51M |
|
1115
Nabors Industries
NBR
$1.31B
| $4.01M | ﹤0.01% |
11,735
-55,177
| -82% | -$17.6M |
|
|
PX
1116
DELISTED
Praxair Inc
PX
| $3.98M | ﹤0.01% |
25,719
+8,737
| +51% | +$1.3M |
|
|
MYOK
1117
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $3.97M | ﹤0.01% |
94,365
+83,535
| +771% | +$3.22M |
|
1118
Columbus McKinnon
CMCO
$518M
| $3.96M | ﹤0.01% |
99,034
+13,660
| +16% | +$523K |
|
|
TPCO
1119
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $3.92M | ﹤0.01% |
222,692
+135,991
| +157% | +$2.2M |
|
1120
NETGEAR
NTGR
$563M
| $3.9M | ﹤0.01% |
66,463
-18,436
| -22% | -$944K |
|
|
PTLA
1121
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $3.9M | ﹤0.01% |
80,111
-1,694
| -2% | -$85.7K |
|
1122
Genuine Parts
GPC
$18.7B
| $3.86M | ﹤0.01% |
40,601
-15,929
| -28% | -$1.45M |
|
|
SFBS
1123
ServisFirst Bancshares
SFBS
$4.8B
| $3.85M | ﹤0.01% |
185,764
-46,654
| -20% | -$948K |
|
1124
United Fire Group
UFCS
$1.39B
| $3.85M | ﹤0.01% |
84,555
-20,555
| -20% | -$961K |
|
1125
M/I Homes
MHO
$3.84B
| $3.85M | ﹤0.01% |
111,986
+74,489
| +199% | +$2.43M |
|
Similar funds
Cliff Asness's Q4 2017 Portfolio in Review
As of Q4 2017, Cliff Asness held 2,349 positions worth $95.3B, up 14% from $83.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness deployed $6.3B of net new capital in Q4 2017, opening 115 new positions and adding to 1,048 existing holdings. Its largest new stake was Whiting Petroleum Corporation: 19,680 shares worth $39.1M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Aetna Inc, an estimated $265M trimmed.
- Cliff Asness's largest Q4 2017 buy was Whiting Petroleum Corporation: 19,680 shares worth $39.1M.
- Cliff Asness added most to Meta Platforms (Facebook) in Q4 2017, an estimated $511M increase.
- Cliff Asness's biggest Q4 2017 reduction was Aetna Inc, cutting an estimated $265M.
- Cliff Asness fully exited Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share in Q4 2017, selling an estimated $69.6M.
- Cliff Asness's ten largest holdings make up 11% of its $95.3B portfolio in Q4 2017.
- Cliff Asness opened 115 new positions and closed 134 in Q4 2017.
- Cliff Asness's portfolio value rose 14% quarter-over-quarter to $95.3B.
Based on AQR Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.