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 | |
|---|---|---|---|---|---|---|
1201
Waters Corp
WAT
$40.4B
| $19.4M | 0.01% |
52,650
+1,112
| +2% | +$379K |
|
1202
Hecla Mining
HL
$13.7B
| $19.3M | 0.01% |
1,271,486
-391,354
| -24% | -$6.87M |
|
1203
Affirm
AFRM
$25.7B
| $19.3M | 0.01% |
237,138
-201,082
| -46% | -$13.1M |
|
1204
STAG Industrial
STAG
$7.14B
| $19.3M | 0.01% |
506,887
+49,649
| +11% | +$1.9M |
|
1205
Vanguard Total Bond Market
BND
$161B
| $19.3M | 0.01% |
262,550
+32,838
| +14% | +$2.41M |
|
1206
Cracker Barrel
CBRL
$1.3B
| $19.3M | 0.01% |
361,583
+297,322
| +463% | +$10.3M |
|
1207
Seadrill
SDRL
$2.92B
| $19.2M | 0.01% |
508,873
+125,137
| +33% | +$5.83M |
|
1208
Rio Tinto
RIO
$170B
| $19.2M | 0.01% |
202,627
+75,483
| +59% | +$7.65M |
|
1209
Safety Insurance
SAFT
$1.52B
| $19.2M | 0.01% |
256,667
-44,357
| -15% | -$3.24M |
|
1210
Coursera
COUR
$1.59B
| $19.1M | 0.01% |
3,390,438
+465,964
| +16% | +$2.65M |
|
1211
Brixmor Property Group
BRX
$9.08B
| $19.1M | 0.01% |
605,894
+142,094
| +31% | +$4.34M |
|
1212
Riley Exploration Permian
REPX
$833M
| $19.1M | 0.01% |
579,319
+488,430
| +537% | +$17.4M |
|
1213
Korn Ferry
KFY
$4.35B
| $19.1M | 0.01% |
286,420
+61,799
| +28% | +$4.18M |
|
1214
Univest Financial
UVSP
$1.15B
| $19M | 0.01% |
435,006
+84,068
| +24% | +$3.29M |
|
1215
National Bank Holdings
NBHC
$1.86B
| $18.9M | 0.01% |
425,864
-76,274
| -15% | -$3.22M |
|
1216
Repay Holdings
RPAY
$318M
| $18.9M | 0.01% |
4,498,993
+506,382
| +13% | +$1.76M |
|
1217
Fortis
FTS
$28.3B
| $18.9M | 0.01% |
329,594
+156,941
| +91% | +$8.85M |
|
1218
Diodes
DIOD
$4.13B
| $18.9M | 0.01% |
172,253
-16,119
| -9% | -$1.64M |
|
1219
Braze
BRZE
$3.54B
| $18.8M | 0.01% |
866,318
-39,363
| -4% | -$876K |
|
1220
Zillow
Z
$8.33B
| $18.7M | 0.01% |
617,120
+212,646
| +53% | +$8.17M |
|
1221
Syndax Pharmaceuticals
SNDX
$1.75B
| $18.7M | 0.01% |
853,304
-127,010
| -13% | -$2.64M |
|
1222
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $18.5M | 0.01% |
271,002
+120,389
| +80% | +$7.86M |
|
1223
WD-40
WDFC
$2.9B
| $18.5M | 0.01% |
76,079
+5,474
| +8% | +$1.17M |
|
1224
Dycom Industries
DY
$11.4B
| $18.5M | 0.01% |
36,555
-3,072
| -8% | -$1.34M |
|
1225
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $18.4M | 0.01% |
343,502
+82,335
| +32% | +$4.28M |
|
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.