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 |
Zoom
ZM
|
+$128M |
| 2 |
FedEx
FDX
|
+$120M |
| 3 |
Peloton Interactive
PTON
|
+$97.8M |
| 4 |
Newmont
NEM
|
+$78.9M |
| 5 |
Infosys
INFY
|
+$78.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$309M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$291M |
| 3 |
Apple
AAPL
|
+$261M |
| 4 |
Microsoft
MSFT
|
+$240M |
| 5 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$194M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.85% |
| 2 | Healthcare | 15.63% |
| 3 | Consumer Discretionary | 14.74% |
| 4 | Consumer Staples | 10.36% |
| 5 | Industrials | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
NWPX Infrastructure Inc
NWPX
$1.07B
| $1.11M | ﹤0.01% |
39,371
-22,665
| -37% | -$642K |
|
|
NPKI
1452
NPK International
NPKI
$1.12B
| $1.11M | ﹤0.01% |
577,934
+270,400
| +88% | +$363K |
|
1453
B&G Foods
BGS
$284M
| $1.11M | ﹤0.01% |
40,002
+3,142
| +9% | +$88.6K |
|
1454
Cinemark Holdings
CNK
$4.45B
| $1.11M | ﹤0.01% |
63,630
-411,494
| -87% | -$5.17M |
|
1455
Intellia Therapeutics
NTLA
$1.76B
| $1.1M | ﹤0.01% |
20,290
-5,454
| -21% | -$198K |
|
1456
Ashland
ASH
$3.38B
| $1.09M | ﹤0.01% |
13,925
-22,072
| -61% | -$1.67M |
|
|
ESGR
1457
DELISTED
Enstar Group
ESGR
| $1.09M | ﹤0.01% |
5,310
-145
| -3% | -$27.4K |
|
|
QADA
1458
DELISTED
QAD Inc.
QADA
| $1.09M | ﹤0.01% |
17,222
-7,644
| -31% | -$393K |
|
1459
Novanta
NOVT
$5.27B
| $1.09M | ﹤0.01% |
9,198
+1,024
| +13% | +$119K |
|
|
BFS
1460
Saul Centers
BFS
$844M
| $1.08M | ﹤0.01% |
34,245
+3,623
| +12% | +$107K |
|
1461
Replimune Group
REPL
$1.39B
| $1.08M | ﹤0.01% |
28,404
-10,923
| -28% | -$455K |
|
1462
Extra Space Storage
EXR
$30.9B
| $1.08M | ﹤0.01% |
9,448
+806
| +9% | +$91.8K |
|
|
MRSN
1463
DELISTED
Mersana Therapeutics
MRSN
| $1.08M | ﹤0.01% |
1,622
-244
| -13% | -$136K |
|
|
NAV
1464
DELISTED
Navistar International
NAV
| $1.08M | ﹤0.01% |
24,540
+2,889
| +13% | +$126K |
|
1465
Genworth Financial
GNW
$3.74B
| $1.08M | ﹤0.01% |
285,164
-40,690
| -12% | -$167K |
|
1466
Alexandria Real Estate Equities
ARE
$9.3B
| $1.07M | ﹤0.01% |
6,134
-1,152
| -16% | -$190K |
|
|
LGTY
1467
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.07M | ﹤0.01% |
62,592
-14,616
| -19% | -$233K |
|
1468
JELD-WEN Holding
JELD
$216M
| $1.07M | ﹤0.01% |
+42,268
| New | +$1.01M |
|
1469
Old National Bancorp
ONB
$9.86B
| $1.07M | ﹤0.01% |
64,536
+39,013
| +153% | +$598K |
|
|
ACIA
1470
DELISTED
Acacia Communications Inc
ACIA
| $1.07M | ﹤0.01% |
14,653
-3,529
| -19% | -$244K |
|
1471
Seres Therapeutics
MCRB
$46.8M
| $1.07M | ﹤0.01% |
2,176
-862
| -28% | -$505K |
|
1472
CorVel
CRVL
$3.6B
| $1.06M | ﹤0.01% |
30,105
-41,940
| -58% | -$1.3M |
|
|
CIVI
1473
DELISTED
Civitas Resources
CIVI
| $1.06M | ﹤0.01% |
54,889
+11,037
| +25% | +$232K |
|
1474
Neurocrine Biosciences
NBIX
$15.6B
| $1.06M | ﹤0.01% |
11,316
-37,808
| -77% | -$3.65M |
|
1475
Midland States Bancorp
MSBI
$681M
| $1.06M | ﹤0.01% |
59,281
+3,866
| +7% | +$63K |
|
Similar funds
Cliff Asness's Q4 2020 Portfolio in Review
As of Q4 2020, Cliff Asness held 2,327 positions worth $56.4B, down 4.7% from $59.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Cliff Asness withdrew a net $9.06B in Q4 2020, closing 151 positions and reducing 1,279 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $291M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in Peloton Interactive worth $122M.
- Cliff Asness's largest Q4 2020 buy was Peloton Interactive: 803,242 shares worth $122M.
- Cliff Asness added most to Zoom in Q4 2020, an estimated $128M increase.
- Cliff Asness's biggest Q4 2020 reduction was Biogen, cutting an estimated $309M.
- Cliff Asness fully exited iShares Core S&P 500 ETF in Q4 2020, selling an estimated $291M.
- Cliff Asness's ten largest holdings make up 19% of its $56.4B portfolio in Q4 2020.
- Cliff Asness opened 157 new positions and closed 151 in Q4 2020.
- Cliff Asness's portfolio value fell 4.7% quarter-over-quarter to $56.4B.
Based on AQR Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.