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 | |
|---|---|---|---|---|---|---|
101
Applied Materials
AMAT
$391B
| $592M | 0.21% |
818,832
+328,215
| +67% | +$151M |
|
102
Evercore
EVR
$11.2B
| $584M | 0.2% |
1,710,982
+394,130
| +30% | +$135M |
|
103
Mueller Industries
MLI
$14B
| $579M | 0.2% |
9,414,946
-340,076
| -3% | -$22.3M |
|
104
Owens Corning
OC
$11.7B
| $578M | 0.2% |
3,679,060
+1,139,037
| +45% | +$138M |
|
105
KLA
KLAC
$240B
| $572M | 0.2% |
1,946,981
+475,551
| +32% | +$94.4M |
|
106
S&P Global
SPGI
$127B
| $568M | 0.2% |
1,395,878
+148,943
| +12% | +$62.9M |
|
107
Bank of America
BAC
$431B
| $568M | 0.2% |
9,961,033
+180,655
| +2% | +$9.61M |
|
108
Hewlett Packard
HPE
$70.8B
| $567M | 0.2% |
12,869,322
-1,259,787
| -9% | -$45.5M |
|
109
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $565M | 0.2% |
1,527,733
+136,637
| +10% | +$48.9M |
|
110
Tapestry
TPR
$26B
| $564M | 0.2% |
3,872,908
+126,994
| +3% | +$18.2M |
|
111
Zoom
ZM
$31.5B
| $563M | 0.2% |
6,530,217
-1,831,794
| -22% | -$173M |
|
112
Occidental Petroleum
OXY
$61.3B
| $557M | 0.19% |
11,473,188
+2,754,254
| +32% | +$156M |
|
113
Deutsche Bank
DB
$71.1B
| $548M | 0.19% |
16,205,893
+2,622,980
| +19% | +$85M |
|
114
Gartner
IT
$12.4B
| $541M | 0.19% |
4,175,036
+607,773
| +17% | +$91.5M |
|
115
Citizens Financial Group
CFG
$29.4B
| $534M | 0.19% |
7,626,834
+286,189
| +4% | +$18.5M |
|
116
Caterpillar
CAT
$381B
| $533M | 0.19% |
505,020
+238,056
| +89% | +$209M |
|
117
Hilton Worldwide
HLT
$73.5B
| $531M | 0.19% |
1,606,832
+1,079,874
| +205% | +$355M |
|
118
Valero Energy
VLO
$100B
| $526M | 0.18% |
2,020,410
+1,330,979
| +193% | +$328M |
|
119
Mid-America Apartment Communities
MAA
$15.2B
| $524M | 0.18% |
3,769,982
+2,991,466
| +384% | +$390M |
|
120
General Mills
GIS
$21.4B
| $522M | 0.18% |
15,006,710
+1,922,823
| +15% | +$66.4M |
|
121
Oshkosh
OSK
$9.7B
| $518M | 0.18% |
3,379,539
+2,015,387
| +148% | +$284M |
|
122
Trane Technologies
TT
$99.8B
| $514M | 0.18% |
1,056,139
+620,181
| +142% | +$290M |
|
123
Home Depot
HD
$335B
| $514M | 0.18% |
1,473,050
+1,176,210
| +396% | +$383M |
|
124
Dollar General
DG
$27.2B
| $514M | 0.18% |
4,527,793
-637,333
| -12% | -$72.4M |
|
125
Equinix
EQIX
$105B
| $513M | 0.18% |
492,494
+136,760
| +38% | +$146M |
|
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.