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 |
Micron Technology
MU
|
+$619M |
| 2 |
Target
TGT
|
+$465M |
| 3 |
Microsoft
MSFT
|
+$390M |
| 4 |
Pfizer
PFE
|
+$353M |
| 5 |
Adobe
ADBE
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$401M |
| 2 |
Oracle
ORCL
|
+$322M |
| 3 |
eBay
EBAY
|
+$235M |
| 4 |
Exelon
EXC
|
+$232M |
| 5 |
Booking.com
BKNG
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.82% |
| 2 | Healthcare | 17.12% |
| 3 | Consumer Discretionary | 14.04% |
| 4 | Industrials | 11.74% |
| 5 | Financials | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Natural Health Trends
NHTC
$15M
| $2.53M | ﹤0.01% |
108,780
+16,942
| +18% | +$415K |
|
|
ITG
1302
DELISTED
Investment Technology Group Inc
ITG
| $2.53M | ﹤0.01% |
116,903
-4,984
| -4% | -$109K |
|
1303
HealthEquity
HQY
$8.81B
| $2.53M | ﹤0.01% |
26,768
+7,478
| +39% | +$644K |
|
1304
Lennox International
LII
$13.8B
| $2.52M | ﹤0.01% |
11,559
+1,664
| +17% | +$362K |
|
1305
UDR
UDR
$12.3B
| $2.5M | ﹤0.01% |
61,701
+1,983
| +3% | +$77.2K |
|
|
AIV
1306
Aimco
AIV
$378M
| $2.49M | ﹤0.01% |
422,933
+42,548
| +11% | +$245K |
|
1307
Sunstone Hotel Investors
SHO
$2.1B
| $2.49M | ﹤0.01% |
151,976
-4,121
| -3% | -$68K |
|
1308
Teladoc Health
TDOC
$1.13B
| $2.48M | ﹤0.01% |
28,775
+65
| +0.2% | +$4.63K |
|
|
NXH
1309
Neighborhood Intelligence Inc
NXH
$372M
| $2.48M | ﹤0.01% |
118,999
+100,641
| +548% | +$2.48M |
|
1310
CBIZ
CBZ
$2.96B
| $2.48M | ﹤0.01% |
104,514
+44,964
| +76% | +$1.04M |
|
|
DRE
1311
DELISTED
Duke Realty Corp.
DRE
| $2.48M | ﹤0.01% |
87,285
-49,339
| -36% | -$1.41M |
|
|
TIER
1312
DELISTED
TIER REIT, Inc.
TIER
| $2.48M | ﹤0.01% |
102,749
+21,791
| +27% | +$516K |
|
1313
Enbridge
ENB
$109B
| $2.48M | ﹤0.01% |
76,753
+5,499
| +8% | +$192K |
|
|
WEB
1314
DELISTED
Web.com Group, Inc.
WEB
| $2.46M | ﹤0.01% |
88,304
-15,712
| -15% | -$424K |
|
1315
Xencor
XNCR
$2.16B
| $2.46M | ﹤0.01% |
63,061
+32,389
| +106% | +$1.32M |
|
|
ULTI
1316
DELISTED
Ultimate Software Group Inc
ULTI
| $2.45M | ﹤0.01% |
7,598
+1,748
| +30% | +$517K |
|
1317
TC Energy
TRP
$64.7B
| $2.44M | ﹤0.01% |
60,455
-4,821
| -7% | -$209K |
|
|
FOLD
1318
DELISTED
Amicus Therapeutics
FOLD
| $2.44M | ﹤0.01% |
201,955
-23,463
| -10% | -$328K |
|
|
APTI
1319
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $2.44M | ﹤0.01% |
65,967
-9,996
| -13% | -$372K |
|
1320
Weis Markets
WMK
$1.76B
| $2.43M | ﹤0.01% |
56,089
+36,153
| +181% | +$1.76M |
|
|
DHC
1321
Diversified Healthcare Trust
DHC
$1.94B
| $2.43M | ﹤0.01% |
138,309
+16,299
| +13% | +$299K |
|
1322
RingCentral
RNG
$5.6B
| $2.43M | ﹤0.01% |
26,109
-49,175
| -65% | -$4.24M |
|
1323
Nutrien
NTR
$35.5B
| $2.43M | ﹤0.01% |
42,076
+10,040
| +31% | +$556K |
|
1324
W.P. Carey
WPC
$16.3B
| $2.42M | ﹤0.01% |
38,357
+1,404
| +4% | +$90.4K |
|
1325
National Bank Holdings
NBHC
$1.86B
| $2.39M | ﹤0.01% |
63,478
-19,277
| -23% | -$759K |
|
Similar funds
Cliff Asness's Q3 2018 Portfolio in Review
As of Q3 2018, Cliff Asness held 2,400 positions worth $105B, up 5.3% from $99.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Cliff Asness's Q3 2018 filing shows 91 new, 1,022 increased, 1,069 reduced and 146 closed positions. Its largest new stake was Bombardier Recreational Products: 908,172 shares worth $42.6M. The largest sale was Meta Platforms (Facebook), an estimated $401M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Cliff Asness's largest Q3 2018 buy was Bombardier Recreational Products: 908,172 shares worth $42.6M.
- Cliff Asness added most to Micron Technology in Q3 2018, an estimated $619M increase.
- Cliff Asness's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $401M.
- Cliff Asness fully exited Verifone Systems Inc in Q3 2018, selling an estimated $25.9M.
- Cliff Asness's ten largest holdings make up 13% of its $105B portfolio in Q3 2018.
- Cliff Asness opened 91 new positions and closed 146 in Q3 2018.
- Cliff Asness's portfolio value rose 5.3% quarter-over-quarter to $105B.
Based on AQR Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.