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 |
FirstEnergy
FE
|
+$185M |
| 2 |
Tyson Foods
TSN
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$110M |
| 4 |
Entergy
ETR
|
+$101M |
| 5 |
ENDP
Endo International plc
ENDP
|
+$95.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$129M |
| 2 |
Apple
AAPL
|
+$107M |
| 3 |
Abbott
ABT
|
+$99.3M |
| 4 |
AGN
Allergan plc
AGN
|
+$88.8M |
| 5 |
Goldman Sachs
GS
|
+$88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.27% |
| 2 | Financials | 13.34% |
| 3 | Industrials | 12.76% |
| 4 | Consumer Discretionary | 12.72% |
| 5 | Consumer Staples | 11.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Accenture
ACN
$113B
| $141M | 0.25% |
1,248,222
-79,042
| -6% | -$9.17M |
|
102
Owens Corning
OC
$11.7B
| $141M | 0.25% |
2,731,267
+197,987
| +8% | +$9.86M |
|
103
GE Aerospace
GE
$361B
| $137M | 0.24% |
909,496
+75,632
| +9% | +$11M |
|
104
Edwards Lifesciences
EW
$51.8B
| $136M | 0.24% |
4,104,990
-1,597,866
| -28% | -$54.7M |
|
105
Avery Dennison
AVY
$13.9B
| $136M | 0.24% |
1,815,065
+35,176
| +2% | +$2.61M |
|
106
Citizens Financial Group
CFG
$29.4B
| $133M | 0.23% |
6,634,140
+614,631
| +10% | +$13.6M |
|
107
Cognizant
CTSH
$27.9B
| $132M | 0.23% |
2,299,975
+310,491
| +16% | +$18.8M |
|
108
DTE Energy
DTE
$28.1B
| $131M | 0.23% |
1,558,430
+125,790
| +9% | +$9.73M |
|
109
Cummins
CMI
$80.9B
| $131M | 0.23% |
1,168,857
+157,857
| +16% | +$17.9M |
|
110
Capri Holdings
CPRI
$1.55B
| $131M | 0.23% |
2,641,876
+721,105
| +38% | +$35.4M |
|
|
CSC
111
DELISTED
Computer Sciences
CSC
| $131M | 0.23% |
2,629,127
-783,804
| -23% | -$31.7M |
|
112
Baxter International
BAX
$13.6B
| $130M | 0.23% |
2,885,352
+386,217
| +15% | +$16.9M |
|
113
Equifax
EFX
$22.6B
| $130M | 0.23% |
1,015,720
-601,732
| -37% | -$72.9M |
|
114
Cencora
COR
$60.7B
| $130M | 0.23% |
1,638,177
-470,052
| -22% | -$37.7M |
|
115
Avnet
AVT
$7.27B
| $129M | 0.23% |
3,194,132
-114,961
| -3% | -$4.8M |
|
116
Cardinal Health
CAH
$53.4B
| $127M | 0.22% |
1,631,136
-70,068
| -4% | -$5.59M |
|
117
Universal Health Services
UHS
$10.4B
| $127M | 0.22% |
948,458
-91,811
| -9% | -$12.1M |
|
118
Citigroup
C
$221B
| $127M | 0.22% |
2,996,404
-1,798,616
| -38% | -$79.5M |
|
119
Sysco
SYY
$40.2B
| $126M | 0.22% |
2,492,229
+611,802
| +33% | +$29.6M |
|
120
Quest Diagnostics
DGX
$27B
| $126M | 0.22% |
1,551,546
-84,874
| -5% | -$6.46M |
|
121
Xcel Energy
XEL
$47.7B
| $126M | 0.22% |
2,820,556
+67,954
| +2% | +$2.81M |
|
122
Nasdaq
NDAQ
$54.9B
| $126M | 0.22% |
5,837,100
+541,293
| +10% | +$11.6M |
|
123
Progressive
PGR
$127B
| $125M | 0.22% |
3,742,522
+2,645,298
| +241% | +$87.5M |
|
124
TJX Companies
TJX
$155B
| $124M | 0.22% |
3,205,432
+255,962
| +9% | +$9.77M |
|
125
Simon Property Group
SPG
$70.6B
| $123M | 0.22% |
569,321
+44,897
| +9% | +$9.16M |
|
Similar funds
Cliff Asness's Q2 2016 Portfolio in Review
As of Q2 2016, Cliff Asness held 2,362 positions worth $56.7B, up 1.9% from $55.6B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Cliff Asness's Q2 2016 filing shows 158 new, 1,005 increased, 951 reduced and 174 closed positions. Its largest new stake was S&P Global: 466,444 shares worth $50M. The largest sale was Nike, an estimated $129M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Financials and Industrials.
- Cliff Asness's largest Q2 2016 buy was S&P Global: 466,444 shares worth $50M.
- Cliff Asness added most to FirstEnergy in Q2 2016, an estimated $185M increase.
- Cliff Asness's biggest Q2 2016 reduction was Nike, cutting an estimated $129M.
- Cliff Asness fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $59.8M.
- Cliff Asness's ten largest holdings make up 8.7% of its $56.7B portfolio in Q2 2016.
- Cliff Asness opened 158 new positions and closed 174 in Q2 2016.
- Cliff Asness's portfolio value rose 1.9% quarter-over-quarter to $56.7B.
Based on AQR Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.