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 |
Zoom
ZM
|
+$150M |
| 2 |
GoDaddy
GDDY
|
+$129M |
| 3 |
Wynn Resorts
WYNN
|
+$106M |
| 4 |
Assurant
AIZ
|
+$104M |
| 5 |
Centene
CNC
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$672M |
| 2 |
Amgen
AMGN
|
+$200M |
| 3 |
Walmart Inc
WMT
|
+$150M |
| 4 |
Super Micro Computer
SMCI
|
+$141M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.62% |
| 2 | Financials | 13.49% |
| 3 | Consumer Discretionary | 13.4% |
| 4 | Healthcare | 13.12% |
| 5 | Industrials | 12.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Neurocrine Biosciences
NBIX
$15.5B
| $137M | 0.23% |
994,611
+255,759
| +35% | +$34.9M |
|
102
Builders FirstSource
BLDR
$7.55B
| $137M | 0.23% |
657,306
-538,285
| -45% | -$99.5M |
|
103
DraftKings
DKNG
$13B
| $137M | 0.23% |
3,006,792
+2,485,660
| +477% | +$101M |
|
104
Cemex
CX
$16B
| $134M | 0.23% |
14,840,403
+1,648,129
| +12% | +$13.2M |
|
105
KLA
KLAC
$240B
| $133M | 0.23% |
1,911,760
-82,630
| -4% | -$5.31M |
|
106
Arch Capital
ACGL
$33.9B
| $132M | 0.22% |
1,433,689
+443,014
| +45% | +$37.5M |
|
107
Kraft Heinz
KHC
$30.3B
| $131M | 0.22% |
3,557,896
-885,714
| -20% | -$32.2M |
|
108
Cadence Design Systems
CDNS
$87.9B
| $130M | 0.22% |
418,592
-79,644
| -16% | -$23.6M |
|
109
Arista Networks
ANET
$238B
| $130M | 0.22% |
1,794,472
+1,293,492
| +258% | +$87.2M |
|
110
Vertiv
VRT
$101B
| $129M | 0.22% |
1,581,944
+405,486
| +34% | +$25.5M |
|
111
AutoZone
AZO
$48.3B
| $129M | 0.22% |
40,801
+1,460
| +4% | +$4.17M |
|
112
Progressive
PGR
$127B
| $127M | 0.22% |
613,717
+140,195
| +30% | +$26M |
|
113
Bristol-Myers Squibb
BMY
$137B
| $126M | 0.22% |
2,348,472
+246,701
| +12% | +$12.6M |
|
114
Reinsurance Group of America
RGA
$15.9B
| $125M | 0.21% |
649,381
+24,589
| +4% | +$4.29M |
|
|
FISV
115
Fiserv Inc
FISV
$28B
| $122M | 0.21% |
763,887
+187,844
| +33% | +$27.4M |
|
116
Roper Technologies
ROP
$40.7B
| $122M | 0.21% |
217,360
-19,368
| -8% | -$10.6M |
|
117
Skyworks Solutions
SWKS
$10.1B
| $121M | 0.21% |
1,117,274
+78,277
| +8% | +$8.21M |
|
118
Snap-on
SNA
$20.3B
| $120M | 0.21% |
406,468
-3,264
| -0.8% | -$926K |
|
119
Medtronic
MDT
$119B
| $117M | 0.2% |
1,346,230
+279,739
| +26% | +$23.9M |
|
120
Textron
TXT
$14.3B
| $117M | 0.2% |
1,220,120
-187,501
| -13% | -$16.2M |
|
121
Ross Stores
ROST
$76.7B
| $116M | 0.2% |
791,385
+404,317
| +104% | +$57.9M |
|
122
Intel
INTC
$476B
| $115M | 0.2% |
2,609,908
+949,628
| +57% | +$42.3M |
|
123
Caesars Entertainment
CZR
$6.06B
| $115M | 0.2% |
2,633,512
+1,219,543
| +86% | +$52.7M |
|
124
Texas Roadhouse
TXRH
$13.4B
| $115M | 0.2% |
744,109
+165,748
| +29% | +$22.7M |
|
125
Emcor
EME
$34.3B
| $113M | 0.19% |
323,473
-65,323
| -17% | -$17.5M |
|
Similar funds
Cliff Asness's Q1 2024 Portfolio in Review
As of Q1 2024, Cliff Asness held 2,547 positions worth $58.7B, up 11% from $53.1B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness's Q1 2024 filing shows 225 new, 1,201 increased, 957 reduced and 144 closed positions. Its largest new stake was Snap: 4,386,413 shares worth $50.4M. The largest sale was TSMC, an estimated $672M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
- Cliff Asness's largest Q1 2024 buy was Snap: 4,386,413 shares worth $50.4M.
- Cliff Asness added most to Zoom in Q1 2024, an estimated $150M increase.
- Cliff Asness's biggest Q1 2024 reduction was TSMC, cutting an estimated $672M.
- Cliff Asness fully exited Splunk Inc in Q1 2024, selling an estimated $9.79M.
- Cliff Asness's ten largest holdings make up 15% of its $58.7B portfolio in Q1 2024.
- Cliff Asness opened 225 new positions and closed 144 in Q1 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $58.7B.
Based on AQR Capital Management's 13F filing for Q1 2024, filed 15 May 2024.