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 |
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
|
+$105M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$86.2M |
| 3 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$78.8M |
| 4 |
Bank of America
BAC
|
+$73.8M |
| 5 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$112M |
| 2 |
Zoetis
ZTS
|
+$95.2M |
| 3 |
Ameriprise Financial
AMP
|
+$71.8M |
| 4 |
CLWR
CLEARWIRE CORP NEW CL A COM STK (DE)
CLWR
|
+$67.1M |
| 5 |
Citigroup
C
|
+$65.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.44% |
| 2 | Healthcare | 12.84% |
| 3 | Technology | 12.15% |
| 4 | Consumer Discretionary | 9.87% |
| 5 | Industrials | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Teradata
TDC
$2.55B
| $2.13M | 0.01% |
38,457
-36,405
| -49% | -$2.14M |
|
1152
Compañía de Minas Buenaventura
BVN
$9.13B
| $2.13M | 0.01% |
181,827
-100
| -0.1% | -$1.32K |
|
1153
Credit Acceptance
CACC
$6.27B
| $2.13M | 0.01% |
19,211
+2,634
| +16% | +$292K |
|
1154
BCE
BCE
$22B
| $2.13M | 0.01% |
49,805
-20,495
| -29% | -$853K |
|
1155
CSX Corp
CSX
$95.4B
| $2.12M | 0.01% |
246,996
-1,047,615
| -81% | -$8.79M |
|
1156
Deluxe
DLX
$1.1B
| $2.11M | 0.01% |
50,690
+12,823
| +34% | +$515K |
|
|
ACOR
1157
DELISTED
Acorda Therapeutics
ACOR
| $2.11M | 0.01% |
513
+262
| +104% | +$1.13M |
|
1158
Avis
CAR
$5.13B
| $2.11M | 0.01% |
73,121
+1,485
| +2% | +$44.4K |
|
|
WCC
1159
WESCO International
WCC
$16.5B
| $2.11M | 0.01% |
27,514
+8,863
| +48% | +$657K |
|
|
UNS
1160
DELISTED
UNS ENERGY CORP COM
UNS
| $2.1M | 0.01% |
45,096
-12,400
| -22% | -$593K |
|
|
CFNL
1161
DELISTED
Cardinal Financial Corp
CFNL
| $2.1M | 0.01% |
+127,127
| New | +$2.11M |
|
1162
Deckers Outdoor
DECK
$12.1B
| $2.09M | 0.01% |
190,368
+138,000
| +264% | +$1.34M |
|
|
MKTG
1163
DELISTED
RESPONSYS INC COM STK (CA)
MKTG
| $2.09M | 0.01% |
+126,800
| New | +$1.87M |
|
1164
Nike
NKE
$58.6B
| $2.09M | 0.01% |
57,512
-279,700
| -83% | -$9.13M |
|
|
PES
1165
DELISTED
Pioneer Energy Services Corp.
PES
| $2.09M | 0.01% |
278,200
+79,300
| +40% | +$564K |
|
1166
Crown Castle
CCI
$32.5B
| $2.08M | 0.01% |
28,494
-29,786
| -51% | -$2.13M |
|
1167
Evercore
EVR
$11.1B
| $2.08M | 0.01% |
42,200
-10,300
| -20% | -$474K |
|
1168
SL Green Realty
SLG
$4.24B
| $2.07M | 0.01% |
24,094
-7,930
| -25% | -$691K |
|
1169
Federal Realty Investment Trust
FRT
$10.2B
| $2.06M | 0.01% |
20,332
-18,221
| -47% | -$1.87M |
|
|
MKTO
1170
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $2.06M | 0.01% |
+64,671
| New | +$2.05M |
|
|
TEN
1171
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $2.06M | 0.01% |
40,777
+12,977
| +47% | +$633K |
|
|
WRI
1172
DELISTED
Weingarten Realty Investors
WRI
| $2.06M | 0.01% |
70,136
+34,700
| +98% | +$1.05M |
|
1173
Thor Industries
THO
$4.14B
| $2.06M | 0.01% |
35,424
+21,834
| +161% | +$1.16M |
|
|
BEAM
1174
DELISTED
BEAM INC COM STK (DE)
BEAM
| $2.05M | 0.01% |
31,750
-1,337
| -4% | -$85.8K |
|
|
XLS
1175
DELISTED
EXELIS INC COM STK
XLS
| $2.05M | 0.01% |
139,907
+96,851
| +225% | +$1.36M |
|
Similar funds
Cliff Asness's Q3 2013 Portfolio in Review
As of Q3 2013, Cliff Asness held 2,633 positions worth $28.4B, up 0.7% from $28.2B the previous quarter. Its ten largest holdings account for 8.2% of the portfolio.
Cliff Asness withdrew a net $3.1B in Q3 2013, closing 162 positions and reducing 1,040 holdings. Its most notable exit was CLEARWIRE CORP NEW CL A COM STK (DE), an estimated $67.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 15% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Cliff Asness opened a new position in Twenty-First Century Fox, Inc. Class A worth $91.7M.
- Cliff Asness's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 2,736,469 shares worth $91.7M.
- Cliff Asness added most to HEALTH MGMT ASSOC INC CL-A in Q3 2013, an estimated $105M increase.
- Cliff Asness's biggest Q3 2013 reduction was Pfizer, cutting an estimated $112M.
- Cliff Asness fully exited CLEARWIRE CORP NEW CL A COM STK (DE) in Q3 2013, selling an estimated $67.1M.
- Cliff Asness's ten largest holdings make up 8.2% of its $28.4B portfolio in Q3 2013.
- Cliff Asness opened 316 new positions and closed 162 in Q3 2013.
- Cliff Asness's portfolio value rose 0.7% quarter-over-quarter to $28.4B.
Based on AQR Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.