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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Merchants Bancorp
MBIN
$2.46B
| $3.08M | ﹤0.01% |
84,390
+14,789
| +21% | +$598K |
|
1302
Vishay Intertechnology
VSH
$4.8B
| $3.07M | ﹤0.01% |
181,501
-5,654
| -3% | -$99.2K |
|
1303
Carrier Global
CARR
$48.2B
| $3.07M | ﹤0.01% |
45,025
+6,862
| +18% | +$518K |
|
1304
Medifast
MED
$136M
| $3.07M | ﹤0.01% |
174,384
-210,214
| -55% | -$3.9M |
|
1305
Oil States International
OIS
$506M
| $3.07M | ﹤0.01% |
606,311
-20,642
| -3% | -$103K |
|
1306
Dimensional International Value ETF
DFIV
$22.1B
| $3.07M | ﹤0.01% |
86,447
+6,016
| +7% | +$221K |
|
1307
PTC
PTC
$16.4B
| $3.06M | ﹤0.01% |
16,643
+6,014
| +57% | +$1.14M |
|
|
ACH
1308
Accendra Health
ACH
$89.2M
| $3.06M | ﹤0.01% |
234,081
+30,862
| +15% | +$411K |
|
|
SAGE
1309
DELISTED
Sage Therapeutics
SAGE
| $3.04M | ﹤0.01% |
560,429
+156,676
| +39% | +$958K |
|
1310
Moog Inc Class A
MOG.A
$11.9B
| $3.02M | ﹤0.01% |
15,363
-5,277
| -26% | -$1.08M |
|
1311
Schwab US Large-Cap Growth ETF
SCHG
$62.3B
| $3.02M | ﹤0.01% |
108,409
+27,121
| +33% | +$742K |
|
1312
E.W. Scripps
SSP
$305M
| $3.01M | ﹤0.01% |
1,362,678
-397,838
| -23% | -$919K |
|
1313
United Fire Group
UFCS
$1.38B
| $2.99M | ﹤0.01% |
105,104
+7,390
| +8% | +$186K |
|
1314
Sony
SONY
$141B
| $2.99M | ﹤0.01% |
141,212
+71,852
| +104% | +$1.4M |
|
1315
Ingles Markets
IMKTA
$1.61B
| $2.99M | ﹤0.01% |
46,327
-6,387
| -12% | -$430K |
|
1316
Byline Bancorp
BY
$1.72B
| $2.98M | ﹤0.01% |
102,674
+3,440
| +3% | +$99.7K |
|
1317
Ingersoll Rand
IR
$30.5B
| $2.98M | ﹤0.01% |
32,911
-3,992
| -11% | -$397K |
|
1318
Kaiser Aluminum
KALU
$2.51B
| $2.97M | ﹤0.01% |
42,328
+12,816
| +43% | +$976K |
|
1319
Federal Signal
FSS
$7.36B
| $2.97M | ﹤0.01% |
32,182
+6,282
| +24% | +$577K |
|
1320
California Water Service
CWT
$3.13B
| $2.97M | ﹤0.01% |
65,560
+24,031
| +58% | +$1.21M |
|
1321
iShares MSCI Emerging Markets ETF
EEM
$31.3B
| $2.96M | ﹤0.01% |
70,811
+24,605
| +53% | +$1.09M |
|
1322
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
| $2.96M | ﹤0.01% |
57,804
+19,718
| +52% | +$1.05M |
|
1323
SiriusPoint
SPNT
$2.78B
| $2.95M | ﹤0.01% |
180,146
-52,947
| -23% | -$764K |
|
1324
Hamilton Lane
HLNE
$4.63B
| $2.94M | ﹤0.01% |
19,847
+8,534
| +75% | +$1.52M |
|
1325
CEMIG Preferred Shares
CIG
$5.78B
| $2.92M | ﹤0.01% |
1,652,012
-264,103
| -14% | -$513K |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.