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 |
Atlassian
TEAM
|
+$905M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$786M |
| 3 |
NVIDIA
NVDA
|
+$736M |
| 4 |
Centene
CNC
|
+$642M |
| 5 |
Apple
AAPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Molina Healthcare
MOH
|
+$415M |
| 2 |
Intel
INTC
|
+$329M |
| 3 |
General Motors
GM
|
+$237M |
| 4 |
DoorDash
DASH
|
+$225M |
| 5 |
Intuit
INTU
|
+$187M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.3% |
| 2 | Financials | 15.19% |
| 3 | Healthcare | 12.58% |
| 4 | Consumer Discretionary | 12.42% |
| 5 | Industrials | 12.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
H.B. Fuller
FUL
$3.07B
| $6.16M | ﹤0.01% |
103,517
+34,131
| +49% | +$2.01M |
|
1452
Cinemark Holdings
CNK
$4.41B
| $6.13M | ﹤0.01% |
265,335
+38,725
| +17% | +$1.02M |
|
1453
Wipro
WIT
$18.6B
| $6.12M | ﹤0.01% |
2,155,772
+1,413,563
| +190% | +$3.86M |
|
1454
Interactive Brokers
IBKR
$43.2B
| $6.12M | ﹤0.01% |
95,193
+20,051
| +27% | +$1.34M |
|
|
ZEUS
1455
DELISTED
Olympic Steel
ZEUS
| $6.09M | ﹤0.01% |
142,267
-107,585
| -43% | -$3.84M |
|
1456
NewtekOne
NEWT
$354M
| $6.08M | ﹤0.01% |
535,523
-41,449
| -7% | -$452K |
|
1457
Nike
NKE
$58.8B
| $6.07M | ﹤0.01% |
97,268
+18,524
| +24% | +$1.21M |
|
|
SAFE
1458
Safehold
SAFE
$1.09B
| $6.06M | ﹤0.01% |
442,724
-120,115
| -21% | -$1.71M |
|
1459
TriCo Bancshares
TCBK
$1.72B
| $6.05M | ﹤0.01% |
127,820
+24,794
| +24% | +$1.14M |
|
1460
Academy Sports + Outdoors
ASO
$2.75B
| $6.04M | ﹤0.01% |
120,915
+17,373
| +17% | +$862K |
|
|
TRST
1461
Trustco Bank Corp NY
TRST
$975M
| $6.04M | ﹤0.01% |
146,043
+7,763
| +6% | +$309K |
|
1462
World Kinect Corp
WKC
$1.82B
| $6.02M | ﹤0.01% |
257,148
-3,306
| -1% | -$81.5K |
|
|
AVB
1463
DELISTED
AvalonBay Communities
AVB
| $6.02M | ﹤0.01% |
33,224
+2,643
| +9% | +$480K |
|
|
DEA
1464
Easterly Government Properties
DEA
$1.18B
| $6.01M | ﹤0.01% |
283,850
+53,438
| +23% | +$1.16M |
|
|
DMC
1465
Del Monte Corp
DMC
$1.5B
| $6.01M | ﹤0.01% |
168,584
-5,413
| -3% | -$193K |
|
1466
Tennant Co
TNC
$1.19B
| $6M | ﹤0.01% |
81,415
-34,620
| -30% | -$2.65M |
|
1467
Flutter Entertainment
FLUT
$17.7B
| $5.99M | ﹤0.01% |
27,875
-114,917
| -80% | -$25.8M |
|
1468
Eagle Bancorp
EGBN
$851M
| $5.97M | ﹤0.01% |
278,596
-156,692
| -36% | -$3.02M |
|
1469
Home Bancorp
HBCP
$544M
| $5.97M | ﹤0.01% |
103,243
+30,224
| +41% | +$1.68M |
|
1470
Flywire
FLYW
$2.33B
| $5.97M | ﹤0.01% |
421,351
+236,358
| +128% | +$3.24M |
|
1471
Meritage Homes
MTH
$4.73B
| $5.97M | ﹤0.01% |
90,671
-18,514
| -17% | -$1.28M |
|
1472
Schwab Fundamental International Large Company Index ETF
FNDF
$26.1B
| $5.95M | ﹤0.01% |
131,674
+66,229
| +101% | +$2.93M |
|
1473
Origin Bancorp
OBK
$1.63B
| $5.95M | ﹤0.01% |
158,280
+65,682
| +71% | +$2.35M |
|
1474
Northwest Bancshares
NWBI
$2.24B
| $5.94M | ﹤0.01% |
495,019
-43,740
| -8% | -$532K |
|
1475
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.8B
| $5.94M | ﹤0.01% |
120,024
+7,319
| +6% | +$366K |
|
Similar funds
Cliff Asness's Q4 2025 Portfolio in Review
As of Q4 2025, Cliff Asness held 3,667 positions worth $191B, up 22% from $156B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $29.9B of net new capital in Q4 2025, opening 211 new positions and adding to 2,098 existing holdings. Its largest new stake was Celestica: 1,066,543 shares worth $315M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Molina Healthcare, an estimated $415M trimmed.
- Cliff Asness's largest Q4 2025 buy was Celestica: 1,066,543 shares worth $315M.
- Cliff Asness added most to Atlassian in Q4 2025, an estimated $905M increase.
- Cliff Asness's biggest Q4 2025 reduction was Molina Healthcare, cutting an estimated $415M.
- Cliff Asness fully exited Light & Wonder in Q4 2025, selling an estimated $70.7M.
- Cliff Asness's ten largest holdings make up 12% of its $191B portfolio in Q4 2025.
- Cliff Asness opened 211 new positions and closed 105 in Q4 2025.
- Cliff Asness's portfolio value rose 22% quarter-over-quarter to $191B.
Based on AQR Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.