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 | |
|---|---|---|---|---|---|---|
1526
Iridium Communications
IRDM
$4.99B
| $1.14M | ﹤0.01% |
28,489
+323
| +1% | +$12.5K |
|
1527
MacroGenics
MGNX
$262M
| $1.14M | ﹤0.01% |
42,394
-12,972
| -23% | -$380K |
|
1528
Clearway Energy Class C
CWEN
$6.7B
| $1.14M | ﹤0.01% |
42,988
-3,079
| -7% | -$84.5K |
|
1529
American Outdoor Brands
AOUT
$134M
| $1.14M | ﹤0.01% |
32,340
-11,990
| -27% | -$354K |
|
|
LMNX
1530
DELISTED
Luminex Corp
LMNX
| $1.13M | ﹤0.01% |
30,804
-22,663
| -42% | -$824K |
|
|
PFPT
1531
DELISTED
Proofpoint, Inc.
PFPT
| $1.13M | ﹤0.01% |
6,524
-14,104
| -68% | -$2.29M |
|
|
WBS
1532
DELISTED
Webster Financial
WBS
| $1.13M | ﹤0.01% |
21,181
+13,439
| +174% | +$745K |
|
|
VISN
1533
Vistance Networks Inc
VISN
$2.51B
| $1.13M | ﹤0.01% |
52,969
-85,374
| -62% | -$1.59M |
|
|
THR
1534
DELISTED
Thermon Group Holdings
THR
| $1.13M | ﹤0.01% |
66,052
-3,091
| -4% | -$57.5K |
|
1535
LivaNova
LIVN
$4.37B
| $1.12M | ﹤0.01% |
13,349
+3,802
| +40% | +$313K |
|
1536
TFS Financial
TFSL
$4.98B
| $1.12M | ﹤0.01% |
55,262
-398
| -0.7% | -$8.28K |
|
|
AIFU
1537
AIFU Inc
AIFU
$127M
| $1.12M | ﹤0.01% |
185
| – | – |
|
1538
UDR
UDR
$12.3B
| $1.12M | ﹤0.01% |
22,790
+747
| +3% | +$35.1K |
|
1539
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $1.11M | ﹤0.01% |
12,588
+8,011
| +175% | +$716K |
|
1540
American Vanguard Corp
AVD
$64.3M
| $1.11M | ﹤0.01% |
63,226
+49,434
| +358% | +$939K |
|
1541
Universal Insurance Holdings
UVE
$1.2B
| $1.1M | ﹤0.01% |
79,517
+7,700
| +11% | +$108K |
|
1542
Teleflex
TFX
$5.85B
| $1.1M | ﹤0.01% |
2,744
-462
| -14% | -$189K |
|
1543
Home BancShares
HOMB
$5.98B
| $1.1M | ﹤0.01% |
44,595
+16,345
| +58% | +$441K |
|
1544
Apogee Enterprises
APOG
$856M
| $1.1M | ﹤0.01% |
26,969
-32,561
| -55% | -$1.23M |
|
|
NAV
1545
DELISTED
Navistar International
NAV
| $1.09M | ﹤0.01% |
24,540
| – | – |
|
1546
Park Hotels & Resorts
PK
$3.22B
| $1.09M | ﹤0.01% |
53,469
+10,150
| +23% | +$217K |
|
1547
Covenant Logistics
CVLG
$877M
| $1.08M | ﹤0.01% |
104,762
-13,298
| -11% | -$144K |
|
1548
RLJ Lodging Trust
RLJ
$1.76B
| $1.08M | ﹤0.01% |
71,058
+60,462
| +571% | +$943K |
|
|
LDL
1549
DELISTED
Lydall, Inc.
LDL
| $1.08M | ﹤0.01% |
17,839
-374
| -2% | -$14.4K |
|
|
ENIA
1550
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $1.08M | ﹤0.01% |
149,312
-109,783
| -42% | -$807K |
|
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.