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 | |
|---|---|---|---|---|---|---|
1651
Veracyte
VCYT
$3.4B
| $8.79M | ﹤0.01% |
149,648
+59,326
| +66% | +$2.49M |
|
|
GOOD
1652
Gladstone Commercial Corp
GOOD
$625M
| $8.79M | ﹤0.01% |
714,482
+266,923
| +60% | +$3.33M |
|
1653
Apogee Enterprises
APOG
$868M
| $8.79M | ﹤0.01% |
192,089
+104,406
| +119% | +$3.9M |
|
1654
Indivior Pharmaceuticals
INDV
$4.35B
| $8.77M | ﹤0.01% |
213,851
-90,351
| -30% | -$3.28M |
|
1655
Absci
ABSI
$1.64B
| $8.77M | ﹤0.01% |
756,541
+57,102
| +8% | +$322K |
|
1656
Honda
HMC
$43.3B
| $8.74M | ﹤0.01% |
322,214
+187,712
| +140% | +$4.77M |
|
1657
Emergent Biosolutions
EBS
$260M
| $8.72M | ﹤0.01% |
1,041,151
+51,474
| +5% | +$431K |
|
1658
Usana Health Sciences
USNA
$250M
| $8.71M | ﹤0.01% |
408,086
+111,666
| +38% | +$2.1M |
|
|
PSKY
1659
Paramount Skydance Corp
PSKY
$11.6B
| $8.69M | ﹤0.01% |
890,177
+206,895
| +30% | +$2.18M |
|
1660
Arcutis Biotherapeutics
ARQT
$3.15B
| $8.66M | ﹤0.01% |
330,324
-137,929
| -29% | -$3.21M |
|
1661
Century Aluminum
CENX
$4.35B
| $8.66M | ﹤0.01% |
188,232
+21,999
| +13% | +$1.32M |
|
1662
Kosmos Energy
KOS
$1.76B
| $8.63M | ﹤0.01% |
4,087,736
+2,795,495
| +216% | +$7.78M |
|
1663
MillerKnoll
MLKN
$1.57B
| $8.61M | ﹤0.01% |
425,311
+21,401
| +5% | +$343K |
|
1664
Astec Industries
ASTE
$1B
| $8.61M | ﹤0.01% |
140,674
+31,923
| +29% | +$1.76M |
|
1665
Ducommun
DCO
$2.89B
| $8.59M | ﹤0.01% |
46,354
-1,585
| -3% | -$235K |
|
1666
TETRA Technologies
TTI
$1.06B
| $8.58M | ﹤0.01% |
757,701
+6,293
| +0.8% | +$61.7K |
|
1667
W&T Offshore
WTI
$592M
| $8.57M | ﹤0.01% |
2,720,068
+1,980,998
| +268% | +$7.35M |
|
|
VBIL
1668
Vanguard 0-3 Month Treasury Bill ETF
VBIL
$10.1B
| $8.55M | ﹤0.01% |
112,943
-74,024
| -40% | -$5.59M |
|
1669
Cogent Communications
CCOI
$470M
| $8.54M | ﹤0.01% |
615,561
+405,652
| +193% | +$7.48M |
|
1670
Unitil
UTL
$970M
| $8.53M | ﹤0.01% |
161,858
+130,703
| +420% | +$6.78M |
|
1671
Thryv Holdings
THRY
$92.4M
| $8.51M | ﹤0.01% |
2,159,331
+935,980
| +77% | +$3.33M |
|
1672
Novavax
NVAX
$1.47B
| $8.5M | ﹤0.01% |
902,650
+790,593
| +706% | +$7.08M |
|
1673
Madrigal Pharmaceuticals
MDGL
$11.9B
| $8.5M | ﹤0.01% |
15,827
-126
| -0.8% | -$64.5K |
|
1674
York Water
YORW
$552M
| $8.5M | ﹤0.01% |
277,196
+159,506
| +136% | +$4.79M |
|
|
WSE
1675
Wise Group
WSE
$12.8B
| $8.49M | ﹤0.01% |
+708,379
| New | +$8.45M |
|
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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.