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 |
Capital One
COF
|
+$129M |
| 2 |
EOG Resources
EOG
|
+$112M |
| 3 |
Trane Technologies
TT
|
+$81.4M |
| 4 |
Deere & Co
DE
|
+$74.4M |
| 5 |
Automatic Data Processing
ADP
|
+$66.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$763M |
| 2 |
Amazon
AMZN
|
+$183M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Oracle
ORCL
|
+$162M |
| 5 |
Kroger
KR
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.33% |
| 2 | Healthcare | 15.26% |
| 3 | Industrials | 12.9% |
| 4 | Financials | 12.31% |
| 5 | Consumer Discretionary | 11.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
Black Hills Corp
BKH
$5.57B
| $1.67M | ﹤0.01% |
26,588
-3,725
| -12% | -$254K |
|
1252
DaVita
DVA
$11.3B
| $1.67M | ﹤0.01% |
14,348
-11,489
| -44% | -$1.44M |
|
1253
TTEC Holdings
TTEC
$69M
| $1.66M | ﹤0.01% |
17,765
-359
| -2% | -$36.6K |
|
1254
Acco Brands
ACCO
$389M
| $1.66M | ﹤0.01% |
193,344
-11,416
| -6% | -$101K |
|
1255
Varonis Systems
VRNS
$4.69B
| $1.66M | ﹤0.01% |
27,300
-6,364
| -19% | -$399K |
|
|
GTLS
1256
DELISTED
Chart Industries
GTLS
| $1.66M | ﹤0.01% |
8,681
-204
| -2% | -$35.1K |
|
1257
Essent Group
ESNT
$6.2B
| $1.66M | ﹤0.01% |
37,673
-5,072
| -12% | -$230K |
|
1258
TIM SA
TIMB
$8.67B
| $1.66M | ﹤0.01% |
154,408
-130,511
| -46% | -$1.47M |
|
1259
Barrett Business Services
BBSI
$819M
| $1.66M | ﹤0.01% |
86,904
-2,516
| -3% | -$47.1K |
|
1260
Cass Information Systems
CASS
$734M
| $1.66M | ﹤0.01% |
39,601
+4,540
| +13% | +$193K |
|
|
GCP
1261
DELISTED
GCP Applied Technologies Inc.
GCP
| $1.66M | ﹤0.01% |
75,576
-93
| -0.1% | -$2.16K |
|
|
CSR
1262
Centerspace
CSR
$905M
| $1.65M | ﹤0.01% |
17,491
-3,689
| -17% | -$347K |
|
1263
SunCoke Energy
SXC
$828M
| $1.65M | ﹤0.01% |
262,290
+12,993
| +5% | +$89.3K |
|
1264
Cushman & Wakefield Ltd
CWK
$3.49B
| $1.64M | ﹤0.01% |
88,226
+72,144
| +449% | +$1.29M |
|
1265
Genpact
G
$6.26B
| $1.64M | ﹤0.01% |
34,552
+286
| +0.8% | +$14.2K |
|
|
HES
1266
DELISTED
Hess
HES
| $1.64M | ﹤0.01% |
21,103
+15,861
| +303% | +$1.17M |
|
1267
Cartesian Therapeutics
RNAC
$314M
| $1.64M | ﹤0.01% |
13,145
+1,792
| +16% | +$216K |
|
|
CSLT
1268
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.64M | ﹤0.01% |
1,045,438
+969,365
| +1,274% | +$1.9M |
|
1269
United Parks & Resorts
PRKS
$1.98B
| $1.64M | ﹤0.01% |
29,623
+5,223
| +21% | +$263K |
|
|
ARNC
1270
DELISTED
Arconic Corporation
ARNC
| $1.64M | ﹤0.01% |
51,874
-12,603
| -20% | -$430K |
|
1271
Insteel Industries
IIIN
$589M
| $1.63M | ﹤0.01% |
42,951
-624
| -1% | -$23K |
|
1272
Twist Bioscience
TWST
$9.5B
| $1.63M | ﹤0.01% |
15,276
+1,584
| +12% | +$181K |
|
1273
Santander
BSBR
$43.4B
| $1.63M | ﹤0.01% |
260,166
+73,083
| +39% | +$527K |
|
1274
UNIFI
UFI
$139M
| $1.63M | ﹤0.01% |
74,161
-10,346
| -12% | -$235K |
|
1275
Rimini Street
RMNI
$485M
| $1.62M | ﹤0.01% |
168,055
-76,341
| -31% | -$662K |
|
Similar funds
Cliff Asness's Q3 2021 Portfolio in Review
As of Q3 2021, Cliff Asness held 2,400 positions worth $53.9B, down 6.7% from $57.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.34B in Q3 2021, closing 165 positions and reducing 1,029 holdings. Its most notable exit was Alibaba, an estimated $763M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Albertsons Companies worth $15M.
- Cliff Asness's largest Q3 2021 buy was Albertsons Companies: 481,384 shares worth $15M.
- Cliff Asness added most to Capital One in Q3 2021, an estimated $129M increase.
- Cliff Asness's biggest Q3 2021 reduction was Amazon, cutting an estimated $183M.
- Cliff Asness fully exited Alibaba in Q3 2021, selling an estimated $763M.
- Cliff Asness's ten largest holdings make up 17% of its $53.9B portfolio in Q3 2021.
- Cliff Asness opened 176 new positions and closed 165 in Q3 2021.
- Cliff Asness's portfolio value fell 6.7% quarter-over-quarter to $53.9B.
Based on AQR Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.