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 | |
|---|---|---|---|---|---|---|
|
BCPC
1426
Balchem Corp
BCPC
$5.74B
| $12.6M | ﹤0.01% |
74,430
-5,872
| -7% | -$975K |
|
1427
Lakeland Financial Corp
LKFN
$1.5B
| $12.6M | ﹤0.01% |
203,681
+144,467
| +244% | +$8.71M |
|
1428
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.84B
| $12.5M | ﹤0.01% |
224,734
+65,046
| +41% | +$3.31M |
|
1429
AMERISAFE
AMSF
$490M
| $12.5M | ﹤0.01% |
370,278
+294,029
| +386% | +$9.3M |
|
1430
Carter's
CRI
$1.26B
| $12.5M | ﹤0.01% |
303,585
-110,744
| -27% | -$4.19M |
|
1431
Erasca
ERAS
$6.09B
| $12.5M | ﹤0.01% |
681,481
-9,724
| -1% | -$139K |
|
1432
Innoviva
INVA
$1.52B
| $12.5M | ﹤0.01% |
549,553
+53,712
| +11% | +$1.23M |
|
1433
First Commonwealth Financial
FCF
$2.13B
| $12.5M | ﹤0.01% |
613,142
+186,342
| +44% | +$3.52M |
|
1434
Transocean
RIG
$6.42B
| $12.4M | ﹤0.01% |
2,543,245
-732,971
| -22% | -$4.58M |
|
1435
First Busey Corp
BUSE
$2.51B
| $12.4M | ﹤0.01% |
421,572
+89,289
| +27% | +$2.42M |
|
1436
BridgeBio Pharma
BBIO
$15.8B
| $12.4M | ﹤0.01% |
166,949
+6,837
| +4% | +$479K |
|
|
AMTM
1437
Amentum Holdings
AMTM
$4.93B
| $12.4M | ﹤0.01% |
601,900
+94,057
| +19% | +$2.27M |
|
1438
Alarm.com
ALRM
$2.82B
| $12.4M | ﹤0.01% |
265,580
+100,526
| +61% | +$4.51M |
|
1439
TransUnion
TRU
$16.2B
| $12.4M | ﹤0.01% |
175,386
-1,435,213
| -89% | -$101M |
|
|
LTM
1440
LATAM Airlines Group S.A.
LTM
$15.3B
| $12.4M | ﹤0.01% |
212,740
-2,124
| -1% | -$109K |
|
1441
Boot Barn
BOOT
$4.9B
| $12.4M | ﹤0.01% |
75,350
+26,163
| +53% | +$4.24M |
|
1442
Avantis Emerging Markets Equity ETF
AVEM
$27.5B
| $12.4M | ﹤0.01% |
128,235
+21,757
| +20% | +$2.01M |
|
|
SARO
1443
StandardAero Inc
SARO
$8.14B
| $12.3M | ﹤0.01% |
421,900
+181,949
| +76% | +$4.79M |
|
1444
Toyota
TM
$230B
| $12.3M | ﹤0.01% |
73,084
-2,513
| -3% | -$476K |
|
1445
Enovis
ENOV
$1.45B
| $12.2M | ﹤0.01% |
590,647
+306,735
| +108% | +$7.23M |
|
1446
Xeris Biopharma Holdings
XERS
$1.6B
| $12.2M | ﹤0.01% |
1,540,985
+146,609
| +11% | +$936K |
|
1447
PROG Holdings
PRG
$1.56B
| $12.2M | ﹤0.01% |
263,322
+39,073
| +17% | +$1.36M |
|
1448
Independence Realty Trust
IRT
$3.95B
| $12.2M | ﹤0.01% |
730,059
+528,621
| +262% | +$8.56M |
|
1449
NeoGenomics
NEO
$2.1B
| $12.1M | ﹤0.01% |
832,715
+665,352
| +398% | +$6.42M |
|
1450
CenterPoint Energy
CNP
$25.6B
| $12.1M | ﹤0.01% |
275,690
-105,114
| -28% | -$4.5M |
|
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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.