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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
101
Applied Materials
AMAT
$321B
| $592M | 0.21% |
818,832
+328,215
| +67% | +$151M |
2013 Q2
52 quarters
|
|
102
Evercore
EVR
$9.7B
| $584M | 0.2% |
1,710,982
+394,130
| +30% | +$135M |
2015 Q4
42 quarters
|
|
103
Mueller Industries
MLI
$12.6B
| $579M | 0.2% |
9,414,946
-340,076
| -3% | -$22.3M |
2019 Q2
28 quarters
|
|
104
Owens Corning
OC
$8.84B
| $578M | 0.2% |
3,679,060
+1,139,037
| +45% | +$138M |
2019 Q2
28 quarters
|
|
105
KLA
KLAC
$211B
| $572M | 0.2% |
1,946,981
+475,551
| +32% | +$94.4M |
2013 Q2
52 quarters
|
|
106
S&P Global
SPGI
$129B
| $568M | 0.2% |
1,395,878
+148,943
| +12% | +$62.9M |
2016 Q2
40 quarters
|
|
107
Bank of America
BAC
$354B
| $568M | 0.2% |
9,961,033
+180,655
| +2% | +$9.6M |
2013 Q2
52 quarters
|
|
108
Hewlett Packard
HPE
$74.5B
| $567M | 0.2% |
12,869,322
-1,259,787
| -9% | -$45.5M |
2015 Q4
42 quarters
|
|
109
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
| $565M | 0.2% |
1,527,733
+136,637
| +10% | +$48.9M |
2023 Q2
12 quarters
|
|
110
Tapestry
TPR
$23.3B
| $564M | 0.2% |
3,872,908
+126,994
| +3% | +$18.2M |
2013 Q2
52 quarters
|
|
111
Zoom
ZM
$28.4B
| $563M | 0.2% |
6,530,217
-1,831,794
| -22% | -$173M |
2020 Q3
23 quarters
|
|
112
Occidental Petroleum
OXY
$62.9B
| $557M | 0.19% |
11,473,188
+2,754,254
| +32% | +$156M |
2013 Q2
52 quarters
|
|
113
Deutsche Bank
DB
$59.6B
| $548M | 0.19% |
16,205,893
+2,622,980
| +19% | +$85M |
2024 Q1
9 quarters
|
|
114
Gartner
IT
$13.9B
| $541M | 0.19% |
4,175,036
+607,773
| +17% | +$91.5M |
2013 Q2
52 quarters
|
|
115
Citizens Financial Group
CFG
$27B
| $534M | 0.19% |
7,626,834
+286,189
| +4% | +$18.5M |
2014 Q4
46 quarters
|
|
116
Caterpillar
CAT
$333B
| $533M | 0.19% |
505,020
+238,056
| +89% | +$209M |
2016 Q3
39 quarters
|
|
117
Hilton Worldwide
HLT
$80.9B
| $531M | 0.19% |
1,606,832
+1,079,874
| +205% | +$355M |
2021 Q1
21 quarters
|
|
118
Valero Energy
VLO
$125B
| $526M | 0.18% |
2,020,410
+1,330,979
| +193% | +$328M |
2013 Q2
52 quarters
|
|
119
Mid-America Apartment Communities
MAA
$13.6B
| $524M | 0.18% |
3,769,982
+2,991,466
| +384% | +$390M |
2013 Q2
52 quarters
|
|
120
General Mills
GIS
$17.9B
| $522M | 0.18% |
15,006,710
+1,922,823
| +15% | +$66.4M |
2013 Q2
52 quarters
|
|
121
Oshkosh
OSK
$8.21B
| $518M | 0.18% |
3,379,539
+2,015,387
| +148% | +$284M |
2013 Q2
52 quarters
|
|
122
Trane Technologies
TT
$102B
| $514M | 0.18% |
1,056,139
+620,181
| +142% | +$290M |
2014 Q4
46 quarters
|
|
123
Home Depot
HD
$314B
| $514M | 0.18% |
1,473,050
+1,176,210
| +396% | +$383M |
2013 Q2
52 quarters
|
|
124
Dollar General
DG
$29.6B
| $514M | 0.18% |
4,527,793
-637,333
| -12% | -$72.4M |
2013 Q2
52 quarters
|
|
125
Equinix
EQIX
$97.4B
| $513M | 0.18% |
492,494
+136,760
| +38% | +$146M |
2014 Q2
48 quarters
|
|
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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.