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 | |
|---|---|---|---|---|---|---|
126
Northern Trust
NTRS
$33.6B
| $511M | 0.18% |
2,939,835
+453,028
| +18% | +$74.6M |
|
127
Cloudflare
NET
$104B
| $509M | 0.18% |
2,076,835
+1,169,447
| +129% | +$256M |
|
128
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
| $509M | 0.18% |
5,550,817
+556,534
| +11% | +$50.9M |
|
129
Ciena
CIEN
$56B
| $507M | 0.18% |
1,052,165
+75,071
| +8% | +$38.3M |
|
130
AbbVie
ABBV
$468B
| $507M | 0.18% |
2,015,238
+1,126,325
| +127% | +$242M |
|
131
MongoDB
MDB
$34.7B
| $505M | 0.18% |
1,503,774
+191,644
| +15% | +$57.5M |
|
132
Danaher
DHR
$154B
| $503M | 0.18% |
2,641,746
-839,223
| -24% | -$152M |
|
133
Everest Group
EG
$14.2B
| $502M | 0.17% |
1,404,638
+38,743
| +3% | +$13.3M |
|
134
Mastercard
MA
$509B
| $498M | 0.17% |
974,099
+197,937
| +26% | +$98.7M |
|
135
RTX Corp
RTX
$283B
| $497M | 0.17% |
2,630,468
+805,895
| +44% | +$148M |
|
136
Goldman Sachs
GS
$303B
| $492M | 0.17% |
486,684
+27,512
| +6% | +$26.8M |
|
|
EXE
137
Expand Energy Corp
EXE
$22.2B
| $491M | 0.17% |
5,384,978
+1,530,775
| +40% | +$145M |
|
138
LyondellBasell Industries
LYB
$21.8B
| $486M | 0.17% |
9,224,314
+4,998,764
| +118% | +$345M |
|
139
Mohawk Industries
MHK
$9.23B
| $484M | 0.17% |
4,082,931
-214,116
| -5% | -$22.5M |
|
140
Parker-Hannifin
PH
$126B
| $477M | 0.17% |
489,888
+434,608
| +786% | +$398M |
|
141
ServiceNow
NOW
$133B
| $474M | 0.17% |
4,823,040
-1,095,657
| -19% | -$108M |
|
142
Agilent Technologies
A
$44.9B
| $472M | 0.16% |
3,600,560
+609,081
| +20% | +$74.2M |
|
143
Acuity Brands
AYI
$10.3B
| $471M | 0.16% |
1,274,516
+838,610
| +192% | +$249M |
|
144
Moody's
MCO
$87.2B
| $471M | 0.16% |
1,045,155
+594,065
| +132% | +$267M |
|
145
Tyson Foods
TSN
$20.6B
| $469M | 0.16% |
8,197,389
-1,796,079
| -18% | -$112M |
|
146
iShares Core S&P 500 ETF
IVV
$893B
| $466M | 0.16% |
622,892
+99,392
| +19% | +$72.4M |
|
147
Arrow Electronics
ARW
$10.7B
| $463M | 0.16% |
2,182,413
+465,192
| +27% | +$92.9M |
|
148
Prosperity Bancshares
PB
$8.75B
| $460M | 0.16% |
6,304,696
-18,448
| -0.3% | -$1.28M |
|
149
Manhattan Associates
MANH
$12.5B
| $458M | 0.16% |
3,328,418
+166,366
| +5% | +$22.9M |
|
150
Aramark
ARMK
$15.8B
| $457M | 0.16% |
8,147,337
-1,755,745
| -18% | -$86.6M |
|
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.