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 | |
|---|---|---|---|---|---|---|
1626
HighPeak Energy
HPK
$1.05B
| $9.13M | ﹤0.01% |
1,306,408
+725,259
| +125% | +$5M |
|
1627
Insight Enterprises
NSIT
$4.33B
| $9.12M | ﹤0.01% |
74,851
-17,069
| -19% | -$1.56M |
|
1628
Insteel Industries
IIIN
$599M
| $9.1M | ﹤0.01% |
301,372
+230,551
| +326% | +$6.61M |
|
1629
Granite Construction
GVA
$5.5B
| $9.1M | ﹤0.01% |
57,539
+12,786
| +29% | +$1.74M |
|
|
AAT
1630
American Assets Trust
AAT
$1.4B
| $9.09M | ﹤0.01% |
368,268
+10,506
| +3% | +$230K |
|
1631
Upwork
UPWK
$1.08B
| $9.06M | ﹤0.01% |
1,083,475
+926,910
| +592% | +$8.77M |
|
|
TLN
1632
Talen Energy Corp
TLN
$15.1B
| $9.05M | ﹤0.01% |
23,559
+5,805
| +33% | +$2.13M |
|
1633
Old Second Bancorp
OSBC
$1.29B
| $9.01M | ﹤0.01% |
386,234
-5,726
| -1% | -$122K |
|
1634
Nokia
NOK
$57B
| $9M | ﹤0.01% |
677,809
+200,711
| +42% | +$2.58M |
|
1635
Fulton Financial
FULT
$4.51B
| $8.99M | ﹤0.01% |
371,916
-30,527
| -8% | -$669K |
|
|
OPLN
1636
Openlane
OPLN
$4.08B
| $8.97M | ﹤0.01% |
217,480
+15,439
| +8% | +$540K |
|
1637
Fluence Energy
FLNC
$1.62B
| $8.96M | ﹤0.01% |
450,633
-62,829
| -12% | -$1.17M |
|
1638
Century Communities
CCS
$1.98B
| $8.93M | ﹤0.01% |
124,658
-68,899
| -36% | -$3.99M |
|
1639
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.5B
| $8.92M | ﹤0.01% |
24,399
+14,452
| +145% | +$4.92M |
|
1640
Dimensional International Core Equity 2 ETF
DFIC
$15.4B
| $8.91M | ﹤0.01% |
239,201
+78,965
| +49% | +$2.96M |
|
1641
Custom Truck One Source
CTOS
$2.22B
| $8.9M | ﹤0.01% |
753,989
+103,289
| +16% | +$973K |
|
1642
Trimble
TRMB
$14B
| $8.9M | ﹤0.01% |
176,089
-782,322
| -82% | -$46.2M |
|
|
HTFL
1643
Heartflow Inc
HTFL
$4.33B
| $8.9M | ﹤0.01% |
303,220
+94,406
| +45% | +$2.84M |
|
1644
Forum Energy Technologies
FET
$871M
| $8.89M | ﹤0.01% |
176,931
-17,342
| -9% | -$967K |
|
1645
Weave Communications
WEAV
$583M
| $8.84M | ﹤0.01% |
1,476,618
+800,900
| +119% | +$4.36M |
|
1646
NBT Bancorp
NBTB
$2.71B
| $8.83M | ﹤0.01% |
178,835
+6,225
| +4% | +$285K |
|
1647
Preferred Bank
PFBC
$1.24B
| $8.83M | ﹤0.01% |
83,058
+47,795
| +136% | +$4.59M |
|
1648
Old National Bancorp
ONB
$9.87B
| $8.82M | ﹤0.01% |
341,723
+37,485
| +12% | +$901K |
|
|
TDAY
1649
USA Today Co
TDAY
$950M
| $8.81M | ﹤0.01% |
1,030,845
+43,212
| +4% | +$326K |
|
1650
BP
BP
$115B
| $8.8M | ﹤0.01% |
238,290
+102,073
| +75% | +$4.48M |
|
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.