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 | |
|---|---|---|---|---|---|---|
1401
JFrog
FROG
$11.2B
| $13.2M | ﹤0.01% |
145,460
-2,111
| -1% | -$137K |
|
|
HTO
1402
H2O America
HTO
$2.69B
| $13.1M | ﹤0.01% |
215,916
+44,264
| +26% | +$2.57M |
|
1403
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.75B
| $13.1M | ﹤0.01% |
202,720
| – | – |
|
1404
Urban Outfitters
URBN
$6.49B
| $13M | ﹤0.01% |
187,576
+24,753
| +15% | +$1.76M |
|
1405
Universal Insurance Holdings
UVE
$1.22B
| $13M | ﹤0.01% |
314,811
+103,787
| +49% | +$3.91M |
|
1406
iShares S&P 500 Value ETF
IVE
$50.3B
| $13M | ﹤0.01% |
57,215
+7,573
| +15% | +$1.69M |
|
1407
Avantis International Equity ETF
AVDE
$19.1B
| $13M | ﹤0.01% |
145,448
+9,577
| +7% | +$859K |
|
1408
Howard Hughes
HHH
$3.99B
| $13M | ﹤0.01% |
181,385
+83,687
| +86% | +$5.44M |
|
1409
Quest Diagnostics
DGX
$26.9B
| $12.9M | ﹤0.01% |
61,196
+10,929
| +22% | +$2.14M |
|
1410
Middleby
MIDD
$5.18B
| $12.9M | ﹤0.01% |
75,286
-218,919
| -74% | -$33M |
|
1411
Strategy Inc
MSTR
$48.6B
| $12.9M | ﹤0.01% |
152,332
+6,399
| +4% | +$929K |
|
1412
Myers Industries
MYE
$1.26B
| $12.9M | ﹤0.01% |
364,463
-55,806
| -13% | -$1.31M |
|
1413
EastGroup Properties
EGP
$10.9B
| $12.8M | ﹤0.01% |
63,363
+22,165
| +54% | +$4.44M |
|
1414
Delek US
DK
$4.16B
| $12.8M | ﹤0.01% |
252,056
+5,775
| +2% | +$256K |
|
1415
Cerence
CRNC
$345M
| $12.8M | ﹤0.01% |
1,167,759
+275,694
| +31% | +$2.7M |
|
1416
ADMA Biologics
ADMA
$2.16B
| $12.8M | ﹤0.01% |
1,525,581
+1,010,792
| +196% | +$9.21M |
|
1417
Playtika
PLTK
$931M
| $12.8M | ﹤0.01% |
3,428,644
-1,565,485
| -31% | -$5.41M |
|
1418
Lindsay Corp
LNN
$1.18B
| $12.7M | ﹤0.01% |
102,886
+59,722
| +138% | +$6.68M |
|
1419
Vita Coco
COCO
$3.71B
| $12.7M | ﹤0.01% |
192,015
+141,814
| +282% | +$9.57M |
|
1420
National Grid
NGG
$80.8B
| $12.7M | ﹤0.01% |
153,204
+71,797
| +88% | +$6.1M |
|
1421
Cameco
CCJ
$44.6B
| $12.7M | ﹤0.01% |
124,893
+55,574
| +80% | +$6.23M |
|
1422
Kelly Services Class A
KELYA
$586M
| $12.6M | ﹤0.01% |
1,029,514
-10,215
| -1% | -$106K |
|
1423
News Corp Class B
NWS
$18.8B
| $12.6M | ﹤0.01% |
449,556
+193,258
| +75% | +$5.74M |
|
1424
Vericel Corp
VCEL
$2.18B
| $12.6M | ﹤0.01% |
283,328
+234,638
| +482% | +$8.45M |
|
1425
Monte Rosa Therapeutics
GLUE
$1.18B
| $12.6M | ﹤0.01% |
520,648
-137,835
| -21% | -$2.6M |
|
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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.