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 | |
|---|---|---|---|---|---|---|
1151
The Ensign Group
ENSG
$10.5B
| $21.4M | 0.01% |
135,756
+45,955
| +51% | +$8.11M |
|
1152
Vanda Pharmaceuticals
VNDA
$322M
| $21.4M | 0.01% |
3,497,695
+1,894,119
| +118% | +$12.4M |
|
1153
United Fire Group
UFCS
$1.39B
| $21.3M | 0.01% |
405,797
-16,257
| -4% | -$722K |
|
1154
Guidewire Software
GWRE
$16B
| $21.3M | 0.01% |
175,386
-39,921
| -19% | -$5.32M |
|
1155
Maximus
MMS
$3.05B
| $21.3M | 0.01% |
395,510
+101,057
| +34% | +$6.3M |
|
|
TBIL
1156
F/m US Treasury 3 Month Bill Fund
TBIL
$7.23B
| $21.2M | 0.01% |
425,965
+124,528
| +41% | +$6.22M |
|
1157
Archrock
AROC
$5.38B
| $21.2M | 0.01% |
519,992
+22,843
| +5% | +$841K |
|
|
GLIBK
1158
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$1.03B
| $21.2M | 0.01% |
1,001,886
+483,940
| +93% | +$13.6M |
|
1159
Rexford Industrial Realty
REXR
$8.4B
| $21.1M | 0.01% |
631,732
-228,321
| -27% | -$7.98M |
|
1160
iShares MSCI USA Quality Factor ETF
QUAL
$47.8B
| $21M | 0.01% |
95,782
+25,052
| +35% | +$5.25M |
|
1161
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$10.3B
| $21M | 0.01% |
821,148
+86,165
| +12% | +$2.2M |
|
1162
Rayonier
RYN
$6.31B
| $20.9M | 0.01% |
982,208
-147,778
| -13% | -$3.1M |
|
1163
Materion
MTRN
$4.79B
| $20.8M | 0.01% |
69,840
+24,936
| +56% | +$5.22M |
|
1164
Alliant Energy
LNT
$17.7B
| $20.8M | 0.01% |
272,099
+157,625
| +138% | +$11.5M |
|
1165
Alphatec Holdings
ATEC
$1.43B
| $20.6M | 0.01% |
2,386,326
+1,000,703
| +72% | +$9.12M |
|
1166
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
| $20.6M | 0.01% |
367,221
+28,361
| +8% | +$1.53M |
|
1167
Astronics
ATRO
$3.21B
| $20.6M | 0.01% |
253,603
-43,158
| -15% | -$2.95M |
|
1168
Dorian LPG
LPG
$2.2B
| $20.5M | 0.01% |
590,751
+89,944
| +18% | +$3.54M |
|
1169
ArcelorMittal
MT
$54.8B
| $20.5M | 0.01% |
339,907
+63,519
| +23% | +$3.98M |
|
1170
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.24B
| $20.4M | 0.01% |
112,494
+5,105
| +5% | +$917K |
|
1171
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.6B
| $20.4M | 0.01% |
246,847
+98,966
| +67% | +$8.18M |
|
1172
Schwab US Dividend Equity ETF
SCHD
$112B
| $20.3M | 0.01% |
641,163
-626
| -0.1% | -$19.9K |
|
1173
West Pharmaceutical
WST
$24.9B
| $20.3M | 0.01% |
57,609
-209,335
| -78% | -$64M |
|
1174
Par Pacific Holdings
PARR
$3.72B
| $20.3M | 0.01% |
362,026
-1,112
| -0.3% | -$66.2K |
|
1175
Mesa Laboratories
MLAB
$696M
| $20.3M | 0.01% |
203,739
+33,177
| +19% | +$3.34M |
|
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.