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 | |
|---|---|---|---|---|---|---|
1251
Brookfield Infrastructure
BIPC
$4.82B
| $17.2M | 0.01% |
446,507
+387,256
| +654% | +$15.6M |
|
|
BDN
1252
Brandywine Realty Trust
BDN
$548M
| $17.1M | 0.01% |
5,398,887
+1,914,175
| +55% | +$5.75M |
|
1253
PagSeguro Digital
PAGS
$2.4B
| $17.1M | 0.01% |
1,888,749
-616,448
| -25% | -$5.96M |
|
1254
Kite Realty
KRG
$5.26B
| $17.1M | 0.01% |
601,413
+401,398
| +201% | +$10.8M |
|
1255
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.5B
| $17.1M | 0.01% |
463,297
+99,892
| +27% | +$3.67M |
|
1256
OneSpan
OSPN
$575M
| $17.1M | 0.01% |
1,188,680
+597,120
| +101% | +$7.55M |
|
1257
Hershey
HSY
$38.2B
| $17M | 0.01% |
96,936
-79,350
| -45% | -$15M |
|
1258
Labcorp
LH
$27.5B
| $16.9M | 0.01% |
60,999
+7,142
| +13% | +$1.88M |
|
1259
Dolby
DLB
$6.19B
| $16.9M | 0.01% |
322,656
-789,804
| -71% | -$45.3M |
|
|
VMRK
1260
Vivmark Residential
VMRK
$25.5B
| $16.9M | 0.01% |
250,624
+25,002
| +11% | +$1.62M |
|
1261
Air Products & Chemicals
APD
$68.2B
| $16.9M | 0.01% |
57,608
+24,651
| +75% | +$7.17M |
|
1262
Lazard
LAZ
$4.29B
| $16.8M | 0.01% |
401,223
+30,419
| +8% | +$1.39M |
|
1263
Washington Trust Bancorp
WASH
$758M
| $16.8M | 0.01% |
461,273
+235,362
| +104% | +$7.87M |
|
1264
Schwab U.S Small- Cap ETF
SCHA
$22.8B
| $16.8M | 0.01% |
465,595
+112,894
| +32% | +$3.73M |
|
1265
Organon & Co
OGN
$3.61B
| $16.8M | 0.01% |
1,245,588
-2,205,038
| -64% | -$26.4M |
|
1266
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.9B
| $16.8M | 0.01% |
276,375
+45,292
| +20% | +$2.71M |
|
|
TMHC
1267
DELISTED
Taylor Morrison
TMHC
| $16.8M | 0.01% |
233,964
-2,885,332
| -92% | -$183M |
|
1268
Group 1 Automotive
GPI
$3.09B
| $16.7M | 0.01% |
57,436
+38,809
| +208% | +$12.7M |
|
1269
Backblaze
BLZE
$963M
| $16.7M | 0.01% |
1,051,847
+388,336
| +59% | +$2.69M |
|
1270
NovoCure
NVCR
$1.95B
| $16.7M | 0.01% |
1,102,131
+827,199
| +301% | +$12.5M |
|
1271
NorthWestern Energy
NWE
$4.29B
| $16.7M | 0.01% |
232,486
-425,220
| -65% | -$30.1M |
|
1272
Qiagen
QGEN
$8.63B
| $16.6M | 0.01% |
426,739
+73,160
| +21% | +$2.72M |
|
1273
Regenxbio
RGNX
$531M
| $16.5M | 0.01% |
1,378,358
+326,646
| +31% | +$2.71M |
|
|
EMA
1274
Emera Inc
EMA
$15.5B
| $16.4M | 0.01% |
310,420
+138,688
| +81% | +$7.27M |
|
1275
Orion
OEC
$340M
| $16.4M | 0.01% |
2,471,012
+516,817
| +26% | +$3.72M |
|
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.