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 | |
|---|---|---|---|---|---|---|
1276
BCE
BCE
$22.2B
| $16.3M | 0.01% |
758,176
+463,539
| +157% | +$11.1M |
|
1277
AMN Healthcare
AMN
$1.34B
| $16.3M | 0.01% |
502,898
+198,608
| +65% | +$5.12M |
|
1278
Stepan Co
SCL
$1.41B
| $16.2M | 0.01% |
291,597
+56,935
| +24% | +$2.96M |
|
1279
MannKind Corp
MNKD
$1.31B
| $16.2M | 0.01% |
3,808,824
+3,355,838
| +741% | +$10.9M |
|
1280
Flywire
FLYW
$2.36B
| $16.2M | 0.01% |
921,986
+182,411
| +25% | +$2.69M |
|
1281
Minerals Technologies
MTX
$2.24B
| $16.1M | 0.01% |
218,235
+1,070
| +0.5% | +$80.8K |
|
1282
SunCoke Energy
SXC
$816M
| $16.1M | 0.01% |
2,001,490
+1,236,137
| +162% | +$9.55M |
|
1283
Aurinia Pharmaceuticals
AUPH
$2.2B
| $16.1M | 0.01% |
948,751
-59
| -0% | -$943 |
|
1284
Iovance Biotherapeutics
IOVA
$3.65B
| $16.1M | 0.01% |
3,869,584
+3,245,416
| +520% | +$12.3M |
|
1285
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $16.1M | 0.01% |
46,941
+9,344
| +25% | +$2.79M |
|
1286
Gen Digital
GEN
$17.4B
| $16.1M | 0.01% |
646,124
+173,430
| +37% | +$3.87M |
|
1287
Under Armour
UAA
$2.31B
| $16.1M | 0.01% |
2,616,303
+1,595,119
| +156% | +$9.45M |
|
1288
QuidelOrtho
QDEL
$994M
| $16M | 0.01% |
911,115
+736,395
| +421% | +$9.73M |
|
1289
Oscar Health
OSCR
$9.82B
| $15.9M | 0.01% |
558,954
+460,413
| +467% | +$9.91M |
|
1290
CRA International
CRAI
$1.1B
| $15.9M | 0.01% |
111,889
+73,336
| +190% | +$11M |
|
1291
Gentex
GNTX
$4.97B
| $15.9M | 0.01% |
628,226
-34,648
| -5% | -$819K |
|
1292
British American Tobacco
BTI
$122B
| $15.9M | 0.01% |
256,655
-2,512
| -1% | -$152K |
|
1293
Interparfums
IPAR
$3.74B
| $15.9M | 0.01% |
141,699
-37,246
| -21% | -$3.51M |
|
1294
Arrowhead Research
ARWR
$12.3B
| $15.8M | 0.01% |
198,842
+31,632
| +19% | +$2.34M |
|
1295
Myriad Genetics
MYGN
$292M
| $15.8M | 0.01% |
2,766,689
+854,393
| +45% | +$3.88M |
|
1296
Nu Holdings
NU
$71.3B
| $15.8M | 0.01% |
1,204,560
-225,785
| -16% | -$3.04M |
|
1297
Origin Bancorp
OBK
$1.64B
| $15.6M | 0.01% |
305,742
+46,893
| +18% | +$2.21M |
|
1298
ING
ING
$100B
| $15.6M | 0.01% |
497,758
+159,515
| +47% | +$4.72M |
|
|
NVO
1299
Novo Nordisk
NVO
$207B
| $15.5M | 0.01% |
324,149
+143,020
| +79% | +$6.14M |
|
1300
Synaptics
SYNA
$3.66B
| $15.5M | 0.01% |
126,227
-50,296
| -28% | -$5.68M |
|
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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.