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 | |
|---|---|---|---|---|---|---|
1376
OFG Bancorp
OFG
$2.22B
| $13.7M | ﹤0.01% |
279,469
+71,487
| +34% | +$3.24M |
|
1377
Lindblad Expeditions
LIND
$2.08B
| $13.6M | ﹤0.01% |
483,348
+229,720
| +91% | +$4.85M |
|
1378
CVB Financial
CVBF
$3.97B
| $13.6M | ﹤0.01% |
604,834
+347,090
| +135% | +$7.13M |
|
1379
Scholar Rock
SRRK
$7.14B
| $13.6M | ﹤0.01% |
247,521
+35,561
| +17% | +$1.72M |
|
1380
Samsara
IOT
$23.3B
| $13.6M | ﹤0.01% |
421,972
-36,190
| -8% | -$1.12M |
|
1381
LendingTree
TREE
$431M
| $13.6M | ﹤0.01% |
310,989
+107,689
| +53% | +$4.35M |
|
1382
iShares Gold Trust
IAU
$68.7B
| $13.6M | ﹤0.01% |
179,467
+6,788
| +4% | +$576K |
|
1383
Marathon Digital Holdings
MARA
$4.43B
| $13.5M | ﹤0.01% |
972,576
+540,268
| +125% | +$6.76M |
|
1384
Photronics
PLAB
$1.76B
| $13.5M | ﹤0.01% |
414,691
-71,663
| -15% | -$3.03M |
|
1385
iShares MSCI ACWI ETF
ACWI
$33.1B
| $13.5M | ﹤0.01% |
85,891
+26,876
| +46% | +$4.11M |
|
|
ARR
1386
Armour Residential REIT
ARR
$2.32B
| $13.5M | ﹤0.01% |
771,768
+295,425
| +62% | +$5.08M |
|
1387
iShares Core S&P US Value ETF
IUSV
$28B
| $13.4M | ﹤0.01% |
121,788
+88,339
| +264% | +$9.56M |
|
1388
Energizer
ENR
$1.48B
| $13.4M | ﹤0.01% |
632,172
+439,562
| +228% | +$8.38M |
|
1389
Teledyne Technologies
TDY
$29B
| $13.4M | ﹤0.01% |
20,453
-1,987
| -9% | -$1.25M |
|
1390
First Financial Corp
THFF
$953M
| $13.4M | ﹤0.01% |
172,905
-47,988
| -22% | -$3.31M |
|
1391
Nuvation Bio
NUVB
$2.38B
| $13.4M | ﹤0.01% |
2,356,429
+360,671
| +18% | +$1.76M |
|
1392
Lifestance Health
LFST
$4.72B
| $13.4M | ﹤0.01% |
1,246,540
+257,567
| +26% | +$1.99M |
|
1393
Annaly Capital Management
NLY
$17.6B
| $13.3M | ﹤0.01% |
596,896
-320,188
| -35% | -$7.07M |
|
1394
Werner Enterprises
WERN
$2.25B
| $13.3M | ﹤0.01% |
307,622
+51,201
| +20% | +$1.93M |
|
1395
Badger Meter
BMI
$3.87B
| $13.3M | ﹤0.01% |
89,789
+43,722
| +95% | +$5.72M |
|
1396
Twist Bioscience
TWST
$8.75B
| $13.3M | ﹤0.01% |
129,391
+4,638
| +4% | +$302K |
|
1397
AerCap
AER
$23.2B
| $13.3M | ﹤0.01% |
91,280
+12,463
| +16% | +$1.77M |
|
|
PLGO
1398
Pelagos Insurance Capital
PLGO
$2.06B
| $13.3M | ﹤0.01% |
545,092
+33,144
| +6% | +$721K |
|
1399
Acadia Pharmaceuticals
ACAD
$5.11B
| $13.2M | ﹤0.01% |
522,749
-5,164
| -1% | -$114K |
|
1400
Scholastic
SCHL
$753M
| $13.2M | ﹤0.01% |
287,479
-15,524
| -5% | -$637K |
|
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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.