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 | |
|---|---|---|---|---|---|---|
1451
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.5B
| $12.1M | ﹤0.01% |
233,974
+21,761
| +10% | +$1.11M |
|
1452
Wendy's
WEN
$1.69B
| $12.1M | ﹤0.01% |
1,485,727
-1,627,373
| -52% | -$11.6M |
|
1453
AB InBev
BUD
$157B
| $12.1M | ﹤0.01% |
146,738
+57,733
| +65% | +$4.54M |
|
1454
SITE Centers
SITC
$162M
| $12.1M | ﹤0.01% |
3,041,051
+1,099,344
| +57% | +$5.73M |
|
1455
Knowles
KN
$2.78B
| $12M | ﹤0.01% |
290,443
-6,583
| -2% | -$229K |
|
1456
Northwest Natural Holdings
NWN
$2.1B
| $12M | ﹤0.01% |
245,554
+23,230
| +10% | +$1.19M |
|
1457
REX American Resources
REX
$1.4B
| $12M | ﹤0.01% |
266,522
+93,142
| +54% | +$4.31M |
|
1458
Kodak
KODK
$951M
| $12M | ﹤0.01% |
1,300,038
+698,090
| +116% | +$7.66M |
|
1459
Genworth Financial
GNW
$3.74B
| $12M | ﹤0.01% |
1,268,923
-123,719
| -9% | -$1.1M |
|
1460
Open Text
OTEX
$5.94B
| $12M | ﹤0.01% |
545,832
+115,465
| +27% | +$2.62M |
|
1461
CGI
GIB
$15.5B
| $12M | ﹤0.01% |
188,208
+73,681
| +64% | +$5.02M |
|
|
GTY
1462
Getty Realty Corp
GTY
$2.07B
| $12M | ﹤0.01% |
358,772
-56,768
| -14% | -$1.88M |
|
1463
SPX Corp
SPXC
$10B
| $11.9M | ﹤0.01% |
49,414
-2,075
| -4% | -$454K |
|
1464
abrdn Physical Gold Shares ETF
SGOL
$7.74B
| $11.9M | ﹤0.01% |
311,808
+7,227
| +2% | +$311K |
|
1465
Builders FirstSource
BLDR
$7.6B
| $11.9M | ﹤0.01% |
133,091
-5,658
| -4% | -$452K |
|
1466
SPS Commerce
SPSC
$2.93B
| $11.9M | ﹤0.01% |
207,870
+92,857
| +81% | +$5.13M |
|
1467
M/I Homes
MHO
$3.85B
| $11.9M | ﹤0.01% |
73,716
-8,003
| -10% | -$1.07M |
|
1468
Ardelyx
ARDX
$973M
| $11.8M | ﹤0.01% |
2,316,220
-123,230
| -5% | -$752K |
|
1469
Ceco Environmental
CECO
$4.17B
| $11.8M | ﹤0.01% |
129,798
+36,641
| +39% | +$2.9M |
|
|
SAIL
1470
SailPoint Inc
SAIL
$10.3B
| $11.8M | ﹤0.01% |
846,466
+86,604
| +11% | +$1.18M |
|
1471
Shoals Technologies Group
SHLS
$1.16B
| $11.7M | ﹤0.01% |
1,185,780
+132,612
| +13% | +$1.2M |
|
1472
Northwest Bancshares
NWBI
$2.25B
| $11.7M | ﹤0.01% |
771,963
+250,918
| +48% | +$3.5M |
|
1473
iShares MSCI USA Min Vol Factor ETF
USMV
$24.3B
| $11.7M | ﹤0.01% |
120,825
+6,869
| +6% | +$652K |
|
1474
Sun Communities
SUI
$15B
| $11.6M | ﹤0.01% |
97,672
-16,583
| -15% | -$2.07M |
|
|
UCB
1475
United Community Banks
UCB
$4.28B
| $11.6M | ﹤0.01% |
330,969
+84,871
| +34% | +$2.84M |
|
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.