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 |
Gilead Sciences
GILD
|
+$234M |
| 2 |
eBay
EBAY
|
+$223M |
| 3 |
Walt Disney
DIS
|
+$189M |
| 4 |
Humana
HUM
|
+$184M |
| 5 |
DXC Technology
DXC
|
+$172M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$236M |
| 2 |
Citizens Financial Group
CFG
|
+$157M |
| 3 |
Applied Materials
AMAT
|
+$156M |
| 4 |
Huntsman Corp
HUN
|
+$154M |
| 5 |
STI
SunTrust Banks, Inc.
STI
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.97% |
| 2 | Technology | 16.56% |
| 3 | Industrials | 15.08% |
| 4 | Healthcare | 12.53% |
| 5 | Consumer Discretionary | 12.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Xencor
XNCR
$2.16B
| $3M | ﹤0.01% |
142,289
-46,454
| -25% | -$1.04M |
|
|
TFCFA
1227
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $3M | ﹤0.01% |
105,703
-32,208
| -23% | -$926K |
|
1228
Horace Mann Educators
HMN
$2.07B
| $2.99M | ﹤0.01% |
79,136
-52,591
| -40% | -$2.03M |
|
1229
HF Sinclair
DINO
$16.9B
| $2.99M | ﹤0.01% |
108,773
+73,362
| +207% | +$1.96M |
|
1230
Axos Financial
AX
$5.5B
| $2.98M | ﹤0.01% |
125,602
+23,020
| +22% | +$545K |
|
|
JBTM
1231
JBT Marel
JBTM
$5.97B
| $2.97M | ﹤0.01% |
30,274
-8,578
| -22% | -$762K |
|
|
VG
1232
DELISTED
Vonage Holdings Corporation
VG
| $2.94M | ﹤0.01% |
449,564
-24,215
| -5% | -$162K |
|
|
BLD
1233
DELISTED
TopBuild
BLD
| $2.94M | ﹤0.01% |
55,369
-140,222
| -72% | -$7.19M |
|
1234
Johnson Outdoors
JOUT
$491M
| $2.94M | ﹤0.01% |
60,941
+9,353
| +18% | +$390K |
|
1235
Polaris
PII
$3.66B
| $2.93M | ﹤0.01% |
31,815
-26,676
| -46% | -$2.29M |
|
|
UCTT
1236
Ultra Clean Holdings
UCTT
$3.3B
| $2.93M | ﹤0.01% |
156,446
+43,997
| +39% | +$885K |
|
1237
Kulicke & Soffa
KLIC
$4.37B
| $2.91M | ﹤0.01% |
153,176
-9,501
| -6% | -$200K |
|
1238
Trimble
TRMB
$14.1B
| $2.9M | ﹤0.01% |
81,414
-29,158
| -26% | -$1.01M |
|
|
LHCG
1239
DELISTED
LHC Group LLC
LHCG
| $2.9M | ﹤0.01% |
42,694
-14,670
| -26% | -$876K |
|
|
STMP
1240
DELISTED
Stamps.com, Inc.
STMP
| $2.9M | ﹤0.01% |
18,706
+6,796
| +57% | +$856K |
|
|
ARCH
1241
DELISTED
Arch Resources, Inc.
ARCH
| $2.89M | ﹤0.01% |
+42,302
| New | +$2.97M |
|
|
HSNI
1242
DELISTED
HSN, Inc.
HSNI
| $2.88M | ﹤0.01% |
90,419
-111,909
| -55% | -$3.87M |
|
1243
A10 Networks
ATEN
$1.83B
| $2.87M | ﹤0.01% |
339,677
+152,661
| +82% | +$1.3M |
|
1244
Usana Health Sciences
USNA
$251M
| $2.86M | ﹤0.01% |
44,681
+2,533
| +6% | +$156K |
|
1245
Viavi Solutions
VIAV
$9.12B
| $2.86M | ﹤0.01% |
271,978
-801,311
| -75% | -$8.63M |
|
1246
Veeva Systems
VEEV
$40.4B
| $2.86M | ﹤0.01% |
46,657
+11,965
| +34% | +$691K |
|
1247
XPO
XPO
$22.5B
| $2.86M | ﹤0.01% |
127,883
+133
| +0.1% | +$2.49K |
|
|
SUM
1248
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $2.86M | ﹤0.01% |
102,021
+15,213
| +18% | +$396K |
|
1249
Healthcare Realty
HR
$6.62B
| $2.85M | ﹤0.01% |
91,507
-7,928
| -8% | -$250K |
|
1250
EPR Properties
EPR
$4.64B
| $2.83M | ﹤0.01% |
39,395
+782
| +2% | +$57K |
|
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Cliff Asness's Q2 2017 Portfolio in Review
As of Q2 2017, Cliff Asness held 2,306 positions worth $75.6B, up 0.44% from $75.2B the previous quarter. Its ten largest holdings account for 9.2% of the portfolio.
Cliff Asness's Q2 2017 filing shows 139 new, 928 increased, 1,013 reduced and 118 closed positions. Its largest new stake was DXC Technology: 2,594,054 shares worth $172M. The largest sale was Wells Fargo, an estimated $236M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
- Cliff Asness's largest Q2 2017 buy was DXC Technology: 2,594,054 shares worth $172M.
- Cliff Asness added most to Gilead Sciences in Q2 2017, an estimated $234M increase.
- Cliff Asness's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $236M.
- Cliff Asness fully exited Computer Sciences in Q2 2017, selling an estimated $77.8M.
- Cliff Asness's ten largest holdings make up 9.2% of its $75.6B portfolio in Q2 2017.
- Cliff Asness opened 139 new positions and closed 118 in Q2 2017.
- Cliff Asness's portfolio value rose 0.44% quarter-over-quarter to $75.6B.
Based on AQR Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.