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 |
SHPG
Shire pic
SHPG
|
+$147M |
| 2 |
Gilead Sciences
GILD
|
+$127M |
| 3 |
Intel
INTC
|
+$114M |
| 4 |
LO
LORILLARD INC COM STK
LO
|
+$113M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$112M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$243M |
| 2 |
WNR
Western Refining Inc
WNR
|
+$148M |
| 3 |
UNS
UNS ENERGY CORP COM
UNS
|
+$123M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$118M |
| 5 |
CELG
Celgene Corp
CELG
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.66% |
| 2 | Technology | 13.5% |
| 3 | Energy | 10.11% |
| 4 | Financials | 9.6% |
| 5 | Industrials | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARII
1176
DELISTED
American Railcar Industries, Inc.
ARII
| $2M | 0.01% |
27,082
+100
| +0.4% | +$7.37K |
|
|
KRFT
1177
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $2M | 0.01% |
35,501
-18,400
| -34% | -$1.06M |
|
1178
ICU Medical
ICUI
$4.57B
| $2M | 0.01% |
31,159
-26,300
| -46% | -$1.61M |
|
|
LPT
1179
DELISTED
Liberty Property Trust
LPT
| $2M | 0.01% |
60,100
+1,500
| +3% | +$53.8K |
|
|
VRTU
1180
DELISTED
Virtusa Corporation
VRTU
| $2M | 0.01% |
56,179
-12,400
| -18% | -$424K |
|
|
CPLA
1181
DELISTED
Capella Education Company
CPLA
| $2M | 0.01% |
31,863
-18,900
| -37% | -$1.18M |
|
1182
Ametek
AME
$55.6B
| $1.99M | 0.01% |
39,600
-43,300
| -52% | -$2.25M |
|
|
TPLM
1183
DELISTED
Triangle Petroleum Corporation
TPLM
| $1.99M | 0.01% |
180,600
-170,500
| -49% | -$1.94M |
|
1184
Textron
TXT
$14.1B
| $1.98M | 0.01% |
55,100
+14,100
| +34% | +$529K |
|
|
NUVA
1185
DELISTED
NuVasive, Inc.
NUVA
| $1.98M | 0.01% |
56,685
-9,700
| -15% | -$345K |
|
|
TOWR
1186
DELISTED
Tower International, Inc.
TOWR
| $1.97M | 0.01% |
78,379
+29,700
| +61% | +$997K |
|
|
MPT
1187
Medical Properties Trust
MPT
$2.46B
| $1.97M | 0.01% |
160,960
+63,600
| +65% | +$846K |
|
|
ERC
1188
Allspring Multi-Sector Income Fund
ERC
$260M
| $1.96M | 0.01% |
140,099
-7,229
| -5% | -$105K |
|
|
SFG
1189
DELISTED
STANCORP FINL GRP
SFG
| $1.95M | 0.01% |
30,805
-15,300
| -33% | -$969K |
|
|
MW
1190
DELISTED
THE MENS WAREHOUSE INC
MW
| $1.95M | 0.01% |
41,200
+8,700
| +27% | +$465K |
|
|
HF
1191
DELISTED
HFF Inc.
HF
| $1.94M | 0.01% |
67,079
-6,400
| -9% | -$209K |
|
1192
GATX Corp
GATX
$6.3B
| $1.94M | 0.01% |
33,213
+20,200
| +155% | +$1.3M |
|
|
GDO
1193
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.3M
| $1.94M | 0.01% |
106,359
-8,304
| -7% | -$153K |
|
|
SWC
1194
DELISTED
Stillwater Mining Co
SWC
| $1.93M | 0.01% |
128,300
+101,400
| +377% | +$1.82M |
|
1195
Eagle Materials
EXP
$6.27B
| $1.93M | 0.01% |
18,900
-1,654
| -8% | -$161K |
|
1196
Ulta Beauty
ULTA
$23.2B
| $1.92M | 0.01% |
16,250
-42,100
| -72% | -$4.18M |
|
|
SHOR
1197
DELISTED
ShoreTel, Inc.
SHOR
| $1.91M | 0.01% |
287,800
+143,600
| +100% | +$928K |
|
1198
Clean Harbors
CLH
$16.6B
| $1.91M | 0.01% |
35,483
+13,200
| +59% | +$776K |
|
|
ACGN
1199
DELISTED
Aceragen Inc
ACGN
| $1.91M | 0.01% |
6,147
+5,086
| +479% | +$1.83M |
|
|
CDR
1200
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.91M | 0.01% |
48,975
-5,121
| -9% | -$213K |
|
Similar funds
Cliff Asness's Q3 2014 Portfolio in Review
As of Q3 2014, Cliff Asness held 2,708 positions worth $36.4B, down 1.9% from $37.1B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Cliff Asness withdrew a net $2.61B in Q3 2014, closing 203 positions and reducing 1,062 holdings. Its most notable exit was FOREST LABORATORIES INC, an estimated $243M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 15% a quarter earlier, followed by Technology and Energy.
Against the trend, Cliff Asness opened a new position in BALLY TECHNOLOGIES, INC. worth $80.5M.
- Cliff Asness's largest Q3 2014 buy was BALLY TECHNOLOGIES, INC.: 997,907 shares worth $80.5M.
- Cliff Asness added most to Shire pic in Q3 2014, an estimated $147M increase.
- Cliff Asness's biggest Q3 2014 reduction was Western Refining Inc, cutting an estimated $148M.
- Cliff Asness fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $243M.
- Cliff Asness's ten largest holdings make up 9.4% of its $36.4B portfolio in Q3 2014.
- Cliff Asness opened 200 new positions and closed 203 in Q3 2014.
- Cliff Asness's portfolio value fell 1.9% quarter-over-quarter to $36.4B.
Based on AQR Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.