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 |
Zoom
ZM
|
+$128M |
| 2 |
FedEx
FDX
|
+$120M |
| 3 |
Peloton Interactive
PTON
|
+$97.8M |
| 4 |
Newmont
NEM
|
+$78.9M |
| 5 |
Infosys
INFY
|
+$78.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$309M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$291M |
| 3 |
Apple
AAPL
|
+$261M |
| 4 |
Microsoft
MSFT
|
+$240M |
| 5 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$194M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.85% |
| 2 | Healthcare | 15.63% |
| 3 | Consumer Discretionary | 14.74% |
| 4 | Consumer Staples | 10.36% |
| 5 | Industrials | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LL
1151
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.1M | ﹤0.01% |
68,309
+1,391
| +2% | +$38.7K |
|
1152
Century Communities
CCS
$1.97B
| $2.1M | ﹤0.01% |
47,948
+14,516
| +43% | +$640K |
|
1153
Ulta Beauty
ULTA
$23.2B
| $2.09M | ﹤0.01% |
7,410
+935
| +14% | +$237K |
|
1154
Yeti Holdings
YETI
$3.14B
| $2.09M | ﹤0.01% |
30,474
-240
| -0.8% | -$14.2K |
|
1155
Tenable Holdings
TENB
$3.74B
| $2.08M | ﹤0.01% |
39,851
+28,745
| +259% | +$1.14M |
|
|
EGRX
1156
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $2.08M | ﹤0.01% |
44,685
-20,814
| -32% | -$973K |
|
|
TUP
1157
DELISTED
Tupperware Brands Corporation
TUP
| $2.08M | ﹤0.01% |
+64,213
| New | +$1.89M |
|
1158
Motorola Solutions
MSI
$79.7B
| $2.07M | ﹤0.01% |
12,387
+5,835
| +89% | +$979K |
|
1159
Hanmi Financial
HAFC
$926M
| $2.06M | ﹤0.01% |
181,610
+73,553
| +68% | +$736K |
|
1160
Black Hills Corp
BKH
$5.49B
| $2.05M | ﹤0.01% |
33,291
+24,557
| +281% | +$1.47M |
|
1161
Beazer Homes USA
BZH
$883M
| $2.04M | ﹤0.01% |
134,954
-61,767
| -31% | -$888K |
|
1162
MGIC Investment
MTG
$6.38B
| $2.04M | ﹤0.01% |
166,188
-983,550
| -86% | -$11.1M |
|
1163
American Public Education
APEI
$846M
| $2.04M | ﹤0.01% |
66,846
-57,698
| -46% | -$1.77M |
|
1164
Miller Industries
MLR
$644M
| $2.03M | ﹤0.01% |
53,467
-7,203
| -12% | -$239K |
|
1165
Wolfspeed
WOLF
$1.29B
| $2.03M | ﹤0.01% |
+19,289
| New | +$1.55M |
|
1166
Arcosa
ACA
$7.13B
| $2.01M | ﹤0.01% |
36,525
-18,369
| -33% | -$937K |
|
|
OPI
1167
DELISTED
Office Properties Income Trust
OPI
| $1.99M | ﹤0.01% |
87,723
-16,492
| -16% | -$360K |
|
1168
Franklin Electric
FELE
$4.56B
| $1.98M | ﹤0.01% |
28,650
-1,472
| -5% | -$97.1K |
|
1169
Aptiv
APTV
$9.83B
| $1.98M | ﹤0.01% |
+15,181
| New | +$1.69M |
|
|
GLDD
1170
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.98M | ﹤0.01% |
149,958
-132,316
| -47% | -$1.48M |
|
1171
Winnebago Industries
WGO
$909M
| $1.97M | ﹤0.01% |
32,786
-4,570
| -12% | -$249K |
|
1172
Harley-Davidson
HOG
$2.94B
| $1.96M | ﹤0.01% |
53,692
-112,149
| -68% | -$3.85M |
|
1173
NVE Corp
NVEC
$516M
| $1.96M | ﹤0.01% |
34,823
-1,464
| -4% | -$75.2K |
|
1174
Safety Insurance
SAFT
$1.52B
| $1.95M | ﹤0.01% |
25,058
-4,482
| -15% | -$329K |
|
1175
Essent Group
ESNT
$6.15B
| $1.94M | ﹤0.01% |
44,845
-4,834
| -10% | -$209K |
|
Similar funds
Cliff Asness's Q4 2020 Portfolio in Review
As of Q4 2020, Cliff Asness held 2,327 positions worth $56.4B, down 4.7% from $59.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Cliff Asness withdrew a net $9.06B in Q4 2020, closing 151 positions and reducing 1,279 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $291M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in Peloton Interactive worth $122M.
- Cliff Asness's largest Q4 2020 buy was Peloton Interactive: 803,242 shares worth $122M.
- Cliff Asness added most to Zoom in Q4 2020, an estimated $128M increase.
- Cliff Asness's biggest Q4 2020 reduction was Biogen, cutting an estimated $309M.
- Cliff Asness fully exited iShares Core S&P 500 ETF in Q4 2020, selling an estimated $291M.
- Cliff Asness's ten largest holdings make up 19% of its $56.4B portfolio in Q4 2020.
- Cliff Asness opened 157 new positions and closed 151 in Q4 2020.
- Cliff Asness's portfolio value fell 4.7% quarter-over-quarter to $56.4B.
Based on AQR Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.