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 | |
|---|---|---|---|---|---|---|
1526
IDT Corp
IDT
$1.69B
| $10.8M | ﹤0.01% |
186,236
+94,701
| +103% | +$5.01M |
|
|
XHR
1527
Xenia Hotels & Resorts
XHR
$1.8B
| $10.8M | ﹤0.01% |
530,750
+17,474
| +3% | +$302K |
|
1528
Central Garden & Pet Co Class A
CENTA
$2.42B
| $10.8M | ﹤0.01% |
277,458
+8,389
| +3% | +$293K |
|
1529
Towne Bank
TOWN
$3.51B
| $10.7M | ﹤0.01% |
296,529
+96,690
| +48% | +$3.38M |
|
1530
iShares Russell Mid-Cap ETF
IWR
$57.5B
| $10.7M | ﹤0.01% |
97,282
+42,956
| +79% | +$4.52M |
|
1531
Avantis All Equity Markets ETF
AVGE
$1.2B
| $10.7M | ﹤0.01% |
108,276
| – | – |
|
1532
V2X
VVX
$2.41B
| $10.7M | ﹤0.01% |
143,901
+10,106
| +8% | +$752K |
|
1533
Vestis
VSTS
$1.69B
| $10.7M | ﹤0.01% |
738,733
-140,879
| -16% | -$1.57M |
|
1534
Janus International
JBI
$704M
| $10.7M | ﹤0.01% |
1,924,885
+1,329,692
| +223% | +$6.98M |
|
1535
ORIX
IX
$42.5B
| $10.7M | ﹤0.01% |
280,804
+108,759
| +63% | +$3.87M |
|
1536
Intapp
INTA
$3.18B
| $10.7M | ﹤0.01% |
423,029
-28,298
| -6% | -$645K |
|
1537
Vontier
VNT
$4.49B
| $10.7M | ﹤0.01% |
372,407
-173,248
| -32% | -$5.53M |
|
1538
Brink's
BCO
$4.53B
| $10.6M | ﹤0.01% |
115,808
-109,310
| -49% | -$11.4M |
|
1539
Midland States Bancorp
MSBI
$682M
| $10.6M | ﹤0.01% |
340,862
-55,401
| -14% | -$1.49M |
|
1540
Cullinan Oncology
CGEM
$1.43B
| $10.6M | ﹤0.01% |
581,338
+220,464
| +61% | +$3.27M |
|
1541
Yelp
YELP
$1.3B
| $10.6M | ﹤0.01% |
431,203
-358,058
| -45% | -$8.92M |
|
1542
Cinemark Holdings
CNK
$4.44B
| $10.5M | ﹤0.01% |
331,913
-59,240
| -15% | -$1.76M |
|
1543
Asbury Automotive
ABG
$3.84B
| $10.5M | ﹤0.01% |
52,346
+41,823
| +397% | +$8.24M |
|
1544
Liberty Live Group Series C
LLYVK
$9.82B
| $10.5M | ﹤0.01% |
99,502
+33,651
| +51% | +$3.28M |
|
1545
Sanofi
SNY
$109B
| $10.5M | ﹤0.01% |
246,181
+167,252
| +212% | +$7.47M |
|
1546
Zillow
ZG
$8.44B
| $10.5M | ﹤0.01% |
334,770
-29,778
| -8% | -$1.15M |
|
1547
Pagaya Technologies
PGY
$1.84B
| $10.5M | ﹤0.01% |
575,192
+209,759
| +57% | +$2.98M |
|
1548
Berkshire Hathaway Class A
BRK.A
$1.07T
| $10.5M | ﹤0.01% |
14
-1
| -7% | -$721K |
|
1549
Urban Edge Properties
UE
$2.71B
| $10.5M | ﹤0.01% |
456,820
+85,572
| +23% | +$1.89M |
|
1550
Center Bancorp
CNOB
$1.63B
| $10.4M | ﹤0.01% |
312,395
+154,352
| +98% | +$4.63M |
|
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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.