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 |
Zoom
ZM
|
+$92.3M |
| 2 |
Vale
VALE
|
+$85.3M |
| 3 |
Kroger
KR
|
+$83.6M |
| 4 |
GRMN
Garmin
GRMN
|
+$78.8M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$77.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$406M |
| 2 |
Microsoft
MSFT
|
+$348M |
| 3 |
Meta Platforms (Facebook)
META
|
+$313M |
| 4 |
Procter & Gamble
PG
|
+$250M |
| 5 |
Qualcomm
QCOM
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Healthcare | 16.6% |
| 3 | Consumer Discretionary | 15.33% |
| 4 | Consumer Staples | 9.94% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Rambus
RMBS
$9.44B
| $1.27M | ﹤0.01% |
92,709
+9,210
| +11% | +$131K |
|
1302
First Industrial Realty Trust
FR
$8.41B
| $1.26M | ﹤0.01% |
31,786
-121,602
| -79% | -$5.02M |
|
1303
Fluor
FLR
$6.86B
| $1.26M | ﹤0.01% |
143,418
+79,734
| +125% | +$839K |
|
1304
Myriad Genetics
MYGN
$292M
| $1.26M | ﹤0.01% |
96,941
-67,225
| -41% | -$851K |
|
1305
Simulations Plus
SLP
$372M
| $1.26M | ﹤0.01% |
16,753
-1,478
| -8% | -$94.8K |
|
1306
LGI Homes
LGIH
$1.35B
| $1.26M | ﹤0.01% |
10,849
+5,875
| +118% | +$650K |
|
|
BRSL
1307
Brightstar Lottery PLC
BRSL
$2.16B
| $1.26M | ﹤0.01% |
112,879
-2,300,953
| -95% | -$24.7M |
|
1308
Freshpet
FRPT
$3.68B
| $1.25M | ﹤0.01% |
11,233
+67
| +0.6% | +$6.82K |
|
1309
Conduent
CNDT
$250M
| $1.25M | ﹤0.01% |
393,944
-284,411
| -42% | -$843K |
|
|
AGNT
1310
AGNT Inc
AGNT
$760M
| $1.25M | ﹤0.01% |
+62,120
| New | +$958K |
|
|
MPT
1311
Medical Properties Trust
MPT
$2.46B
| $1.25M | ﹤0.01% |
70,995
-95,297
| -57% | -$1.77M |
|
1312
Palomar
PLMR
$3.5B
| $1.25M | ﹤0.01% |
+12,011
| New | +$1.18M |
|
1313
Lakeland Industries
LAKE
$112M
| $1.25M | ﹤0.01% |
+62,987
| New | +$1.38M |
|
|
IPHI
1314
DELISTED
INPHI CORPORATION
IPHI
| $1.25M | ﹤0.01% |
11,119
-535
| -5% | -$62.4K |
|
1315
MacroGenics
MGNX
$256M
| $1.24M | ﹤0.01% |
+49,312
| New | +$1.35M |
|
1316
Independence Realty Trust
IRT
$3.98B
| $1.23M | ﹤0.01% |
106,364
-51,160
| -32% | -$586K |
|
|
ACIA
1317
DELISTED
Acacia Communications Inc
ACIA
| $1.23M | ﹤0.01% |
18,182
-6,841
| -27% | -$464K |
|
|
AXON
1318
Axon Enterprise
AXON
$48.5B
| $1.22M | ﹤0.01% |
13,469
-19,679
| -59% | -$1.71M |
|
|
DCPH
1319
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $1.22M | ﹤0.01% |
23,759
+4,016
| +20% | +$197K |
|
1320
Trimble
TRMB
$14.1B
| $1.22M | ﹤0.01% |
25,016
+18,506
| +284% | +$884K |
|
1321
New Jersey Resources
NJR
$5.45B
| $1.22M | ﹤0.01% |
45,430
-62,987
| -58% | -$1.92M |
|
1322
XBiotech
XBIT
$70.4M
| $1.22M | ﹤0.01% |
63,695
-14,807
| -19% | -$256K |
|
|
SNR
1323
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.21M | ﹤0.01% |
303,153
-24,724
| -8% | -$97.3K |
|
1324
Standard BioTools
LAB
$263M
| $1.21M | ﹤0.01% |
163,036
-124,874
| -43% | -$862K |
|
1325
Pacific Biosciences
PACB
$398M
| $1.21M | ﹤0.01% |
122,669
-31,445
| -20% | -$181K |
|
Similar funds
Cliff Asness's Q3 2020 Portfolio in Review
As of Q3 2020, Cliff Asness held 2,339 positions worth $59.2B, down 4.3% from $61.8B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Cliff Asness withdrew a net $8.18B in Q3 2020, closing 169 positions and reducing 1,169 holdings. Its most notable exit was LogMein, Inc., an estimated $37.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in Zoom worth $136M.
- Cliff Asness's largest Q3 2020 buy was Zoom: 288,628 shares worth $136M.
- Cliff Asness added most to Vale in Q3 2020, an estimated $85.3M increase.
- Cliff Asness's biggest Q3 2020 reduction was Apple, cutting an estimated $406M.
- Cliff Asness fully exited LogMein, Inc. in Q3 2020, selling an estimated $37.2M.
- Cliff Asness's ten largest holdings make up 19% of its $59.2B portfolio in Q3 2020.
- Cliff Asness opened 241 new positions and closed 169 in Q3 2020.
- Cliff Asness's portfolio value fell 4.3% quarter-over-quarter to $59.2B.
Based on AQR Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.