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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
TriMas Corp
TRS
$1.42B
| $1.25M | ﹤0.01% |
41,379
-455
| -1% | -$14.4K |
|
|
ATRS
1477
DELISTED
Antares Pharma, Inc.
ATRS
| $1.25M | ﹤0.01% |
287,367
-213,353
| -43% | -$869K |
|
|
NPKI
1478
NPK International
NPKI
$1.11B
| $1.25M | ﹤0.01% |
361,132
-51,977
| -13% | -$176K |
|
|
FRG
1479
DELISTED
Franchise Group, Inc.
FRG
| $1.25M | ﹤0.01% |
35,435
+16,598
| +88% | +$611K |
|
|
UBA
1480
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.25M | ﹤0.01% |
64,500
+1,625
| +3% | +$30K |
|
1481
Sabesp
SBS
$16.4B
| $1.25M | ﹤0.01% |
867,477
+209,891
| +32% | +$312K |
|
1482
PJT Partners
PJT
$4.43B
| $1.24M | ﹤0.01% |
17,348
-2,287
| -12% | -$163K |
|
1483
ePlus
PLUS
$2.25B
| $1.24M | ﹤0.01% |
28,542
-1,200
| -4% | -$57.3K |
|
1484
Freshpet
FRPT
$3.65B
| $1.24M | ﹤0.01% |
7,585
-124
| -2% | -$21.1K |
|
1485
Koppers
KOP
$847M
| $1.23M | ﹤0.01% |
38,134
-4,998
| -12% | -$169K |
|
|
SWN
1486
DELISTED
Southwestern Energy Company
SWN
| $1.23M | ﹤0.01% |
217,607
-148,723
| -41% | -$731K |
|
|
SFBS
1487
ServisFirst Bancshares
SFBS
$4.73B
| $1.23M | ﹤0.01% |
36,238
-1,876
| -5% | -$62K |
|
|
CVET
1488
DELISTED
Covetrus, Inc. Common Stock
CVET
| $1.23M | ﹤0.01% |
45,587
+2,914
| +7% | +$81.5K |
|
1489
CareTrust REIT
CTRE
$9.4B
| $1.23M | ﹤0.01% |
+52,945
| New | +$1.25M |
|
1490
Fulgent Genetics
FLGT
$538M
| $1.23M | ﹤0.01% |
13,323
+6,444
| +94% | +$515K |
|
|
FLNT
1491
Fluent
FLNT
$131M
| $1.23M | ﹤0.01% |
69,912
+32,431
| +87% | +$640K |
|
|
VIVO
1492
DELISTED
Meridian Bioscience Inc
VIVO
| $1.23M | ﹤0.01% |
55,357
-29,569
| -35% | -$627K |
|
1493
First Financial Bancorp
FFBC
$3.44B
| $1.22M | ﹤0.01% |
51,714
-3,458
| -6% | -$85.9K |
|
1494
United Parks & Resorts
PRKS
$2.03B
| $1.22M | ﹤0.01% |
+24,400
| New | +$1.29M |
|
|
SHYF
1495
DELISTED
The Shyft Group
SHYF
| $1.22M | ﹤0.01% |
32,512
-1,131
| -3% | -$42.6K |
|
1496
Willis Towers Watson
WTW
$32.4B
| $1.22M | ﹤0.01% |
5,287
-24,147
| -82% | -$6M |
|
1497
Future Fuel
FF
$239M
| $1.21M | ﹤0.01% |
126,427
-71,768
| -36% | -$868K |
|
1498
LGI Homes
LGIH
$1.35B
| $1.21M | ﹤0.01% |
7,485
+1,580
| +27% | +$261K |
|
|
ARI
1499
Apollo Commercial Real Estate
ARI
$880M
| $1.21M | ﹤0.01% |
75,779
| – | – |
|
1500
Peapack-Gladstone Financial
PGC
$802M
| $1.21M | ﹤0.01% |
38,839
-938
| -2% | -$30.3K |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.