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 | |
|---|---|---|---|---|---|---|
1326
Teladoc Health
TDOC
$1.13B
| $14.9M | 0.01% |
1,751,878
+728,342
| +71% | +$4.85M |
|
1327
Equitable Holdings
EQH
$13.4B
| $14.8M | 0.01% |
337,278
-674,027
| -67% | -$28.2M |
|
1328
Marcus & Millichap
MMI
$1.22B
| $14.7M | 0.01% |
472,278
+290,195
| +159% | +$8.32M |
|
1329
Dave Inc
DAVE
$4.52B
| $14.7M | 0.01% |
39,499
+6,756
| +21% | +$1.76M |
|
1330
STMicroelectronics
STM
$44.2B
| $14.7M | 0.01% |
196,495
+48,721
| +33% | +$2.93M |
|
1331
Apple Hospitality REIT
APLE
$3.91B
| $14.7M | 0.01% |
871,942
+4,453
| +0.5% | +$63.7K |
|
1332
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $14.6M | 0.01% |
399,607
+149,897
| +60% | +$5.47M |
|
1333
Adient
ADNT
$1.46B
| $14.5M | 0.01% |
790,778
+101,143
| +15% | +$2.16M |
|
1334
HEICO Corp
HEI
$49.3B
| $14.5M | 0.01% |
40,755
+11,158
| +38% | +$3.39M |
|
1335
State Street Ultra Short Term Bond ETF
ULST
$522M
| $14.5M | 0.01% |
357,933
-101,644
| -22% | -$4.11M |
|
1336
WisdomTree US Efficient Core Fund
NTSX
$1.39B
| $14.4M | 0.01% |
244,408
-9,438
| -4% | -$542K |
|
1337
Satellogic
SATL
$819M
| $14.4M | 0.01% |
2,519,549
+1,243,745
| +97% | +$9.11M |
|
1338
DHT Holdings
DHT
$3.16B
| $14.4M | 0.01% |
871,718
+47,123
| +6% | +$842K |
|
1339
LegalZoom.com
LZ
$1.02B
| $14.4M | 0.01% |
2,347,120
+799,046
| +52% | +$4.9M |
|
1340
Coupang
CPNG
$29.5B
| $14.4M | 0.01% |
828,274
-1,215,731
| -59% | -$21.9M |
|
1341
Qorvo
QRVO
$8.41B
| $14.4M | 0.01% |
153,951
+12,983
| +9% | +$1.2M |
|
1342
Alaska Air
ALK
$4.63B
| $14.4M | 0.01% |
274,933
+153,799
| +127% | +$6.57M |
|
1343
Southern Copper
SCCO
$180B
| $14.3M | 0.01% |
83,955
+18,605
| +28% | +$3.34M |
|
1344
XPO
XPO
$22.5B
| $14.3M | 0.01% |
70,656
+43,456
| +160% | +$9.2M |
|
1345
OceanFirst Financial
OCFC
$1.84B
| $14.3M | 0.01% |
730,153
+327,306
| +81% | +$6.1M |
|
|
ARDT
1346
Ardent Health
ARDT
$1.57B
| $14.2M | 0.01% |
1,447,810
+505,457
| +54% | +$4.79M |
|
1347
Kforce
KFRC
$1.03B
| $14.2M | 0.01% |
303,091
-94,493
| -24% | -$3.86M |
|
1348
Banner Corp
BANR
$2.42B
| $14.2M | ﹤0.01% |
213,587
+126,190
| +144% | +$8.2M |
|
|
AXON
1349
Axon Enterprise
AXON
$48.7B
| $14.2M | ﹤0.01% |
25,887
-2,471
| -9% | -$1.03M |
|
1350
Movado Group
MOV
$772M
| $14.2M | ﹤0.01% |
360,725
+34,873
| +11% | +$1.09M |
|
Similar funds
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.