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 |
Capital One
COF
|
+$129M |
| 2 |
EOG Resources
EOG
|
+$112M |
| 3 |
Trane Technologies
TT
|
+$81.4M |
| 4 |
Deere & Co
DE
|
+$74.4M |
| 5 |
Automatic Data Processing
ADP
|
+$66.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$763M |
| 2 |
Amazon
AMZN
|
+$183M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Oracle
ORCL
|
+$162M |
| 5 |
Kroger
KR
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.33% |
| 2 | Healthcare | 15.26% |
| 3 | Industrials | 12.9% |
| 4 | Financials | 12.31% |
| 5 | Consumer Discretionary | 11.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BLD
1601
DELISTED
TopBuild
BLD
| $900K | ﹤0.01% |
4,393
-6,412
| -59% | -$1.35M |
|
|
SIX
1602
DELISTED
Six Flags Entertainment Corp.
SIX
| $899K | ﹤0.01% |
21,208
+7,758
| +58% | +$322K |
|
1603
Allegiant Air
ALGT
$2.23B
| $896K | ﹤0.01% |
4,585
-5,046
| -52% | -$968K |
|
1604
Celcuity
CELC
$4.44B
| $895K | ﹤0.01% |
+49,734
| New | +$1.05M |
|
|
AIFU
1605
AIFU Inc
AIFU
$132M
| $890K | ﹤0.01% |
185
| – | – |
|
1606
Northwest Bancshares
NWBI
$2.25B
| $889K | ﹤0.01% |
66,975
-18
| -0% | -$237 |
|
1607
Skywest
SKYW
$3.95B
| $889K | ﹤0.01% |
18,027
+49
| +0.3% | +$2.13K |
|
|
PENG
1608
Penguin Solutions Inc
PENG
$2.6B
| $888K | ﹤0.01% |
39,926
-2,024
| -5% | -$48.4K |
|
|
ECHO
1609
DELISTED
Echo Global Logistics, Inc.
ECHO
| $888K | ﹤0.01% |
18,615
-3,670
| -16% | -$127K |
|
|
AAT
1610
American Assets Trust
AAT
$1.41B
| $886K | ﹤0.01% |
23,683
-3,413
| -13% | -$130K |
|
|
AAWW
1611
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $886K | ﹤0.01% |
10,853
-31,352
| -74% | -$2.26M |
|
1612
Citi Trends
CTRN
$619M
| $884K | ﹤0.01% |
12,115
-3,061
| -20% | -$245K |
|
1613
First Merchants
FRME
$2.63B
| $884K | ﹤0.01% |
21,129
+6,505
| +44% | +$264K |
|
1614
Miller Industries
MLR
$644M
| $884K | ﹤0.01% |
25,984
-17,930
| -41% | -$662K |
|
1615
Evolus
EOLS
$580M
| $882K | ﹤0.01% |
115,698
+31,612
| +38% | +$327K |
|
1616
Loews
L
$22.8B
| $881K | ﹤0.01% |
16,336
+3,140
| +24% | +$171K |
|
1617
Phreesia
PHR
$723M
| $881K | ﹤0.01% |
14,284
+5,562
| +64% | +$371K |
|
1618
Editas Medicine
EDIT
$461M
| $880K | ﹤0.01% |
21,415
+5,176
| +32% | +$284K |
|
1619
Boot Barn
BOOT
$4.9B
| $878K | ﹤0.01% |
9,885
+4,270
| +76% | +$368K |
|
1620
Exponent
EXPO
$3.37B
| $876K | ﹤0.01% |
7,741
-43
| -0.6% | -$4.64K |
|
|
NUAN
1621
DELISTED
Nuance Communications, Inc.
NUAN
| $875K | ﹤0.01% |
15,896
+3,250
| +26% | +$179K |
|
1622
Atlanticus Holdings
ATLC
$1.44B
| $871K | ﹤0.01% |
+16,416
| New | +$801K |
|
|
SFIX
1623
Stitch Fix
SFIX
$439M
| $864K | ﹤0.01% |
21,633
+4,177
| +24% | +$195K |
|
1624
Strategic Education
STRA
$1.87B
| $859K | ﹤0.01% |
12,188
-11,394
| -48% | -$849K |
|
|
MPT
1625
Medical Properties Trust
MPT
$2.46B
| $853K | ﹤0.01% |
42,510
+9,230
| +28% | +$189K |
|
Similar funds
Cliff Asness's Q3 2021 Portfolio in Review
As of Q3 2021, Cliff Asness held 2,400 positions worth $53.9B, down 6.7% from $57.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.34B in Q3 2021, closing 165 positions and reducing 1,029 holdings. Its most notable exit was Alibaba, an estimated $763M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Albertsons Companies worth $15M.
- Cliff Asness's largest Q3 2021 buy was Albertsons Companies: 481,384 shares worth $15M.
- Cliff Asness added most to Capital One in Q3 2021, an estimated $129M increase.
- Cliff Asness's biggest Q3 2021 reduction was Amazon, cutting an estimated $183M.
- Cliff Asness fully exited Alibaba in Q3 2021, selling an estimated $763M.
- Cliff Asness's ten largest holdings make up 17% of its $53.9B portfolio in Q3 2021.
- Cliff Asness opened 176 new positions and closed 165 in Q3 2021.
- Cliff Asness's portfolio value fell 6.7% quarter-over-quarter to $53.9B.
Based on AQR Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.