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 |
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
|
+$105M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$86.2M |
| 3 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$78.8M |
| 4 |
Bank of America
BAC
|
+$73.8M |
| 5 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$112M |
| 2 |
Zoetis
ZTS
|
+$95.2M |
| 3 |
Ameriprise Financial
AMP
|
+$71.8M |
| 4 |
CLWR
CLEARWIRE CORP NEW CL A COM STK (DE)
CLWR
|
+$67.1M |
| 5 |
Citigroup
C
|
+$65.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.44% |
| 2 | Healthcare | 12.84% |
| 3 | Technology | 12.15% |
| 4 | Consumer Discretionary | 9.87% |
| 5 | Industrials | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FNFG
1651
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $807K | ﹤0.01% |
+77,861
| New | +$809K |
|
|
WOOF
1652
DELISTED
VCA Inc.
WOOF
| $807K | ﹤0.01% |
29,400
+20,300
| +223% | +$568K |
|
1653
Pitney Bowes
PBI
$2.27B
| $805K | ﹤0.01% |
44,272
-1,228
| -3% | -$20.1K |
|
|
PDS
1654
Precision Drilling
PDS
$1.13B
| $805K | ﹤0.01% |
4,055
+1,810
| +81% | +$359K |
|
|
NOR
1655
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $805K | ﹤0.01% |
46,771
-66,500
| -59% | -$1.4M |
|
1656
Hercules Capital
HTGC
$3.28B
| $804K | ﹤0.01% |
52,700
-119,024
| -69% | -$1.73M |
|
|
ARII
1657
DELISTED
American Railcar Industries, Inc.
ARII
| $803K | ﹤0.01% |
20,473
-3,343
| -14% | -$119K |
|
1658
Nektar Therapeutics
NKTR
$2.52B
| $800K | ﹤0.01% |
5,103
+586
| +13% | +$108K |
|
1659
AutoNation
AN
$6.45B
| $797K | ﹤0.01% |
15,274
-3,000
| -16% | -$145K |
|
|
ATHN
1660
DELISTED
Athenahealth, Inc.
ATHN
| $794K | ﹤0.01% |
7,317
-5,814
| -44% | -$629K |
|
|
ANEN
1661
DELISTED
ANAREN INC
ANEN
| $794K | ﹤0.01% |
31,131
| – | – |
|
1662
PTC
PTC
$16.7B
| $789K | ﹤0.01% |
27,748
-15,000
| -35% | -$408K |
|
1663
TETRA Technologies
TTI
$1B
| $788K | ﹤0.01% |
62,900
+20,000
| +47% | +$228K |
|
1664
Kennametal
KMT
$2.23B
| $786K | ﹤0.01% |
17,241
+6,541
| +61% | +$284K |
|
1665
Western Alliance Bancorporation
WAL
$8.55B
| $786K | ﹤0.01% |
41,508
+683
| +2% | +$11.9K |
|
|
SNCR
1666
DELISTED
Synchronoss Technologies
SNCR
| $784K | ﹤0.01% |
2,289
+1,167
| +104% | +$355K |
|
|
LHO
1667
DELISTED
LaSalle Hotel Properties
LHO
| $784K | ﹤0.01% |
27,479
-58,008
| -68% | -$1.57M |
|
1668
First American
FAF
$7.38B
| $779K | ﹤0.01% |
31,993
-206,407
| -87% | -$4.6M |
|
|
BZT
1669
DELISTED
BEAZER HOMES USA, INC. TANGIBLE EQUITY UNIT
BZT
| $777K | ﹤0.01% |
26,600
-2,650
| -9% | -$76.1K |
|
1670
Patrick Industries
PATK
$2.73B
| $776K | ﹤0.01% |
87,170
+3,733
| +4% | +$28.3K |
|
1671
Equinix
EQIX
$104B
| $774K | ﹤0.01% |
4,216
-21,400
| -84% | -$3.88M |
|
1672
Bio-Techne
TECH
$11.3B
| $769K | ﹤0.01% |
38,400
+9,200
| +32% | +$175K |
|
1673
AMERISAFE
AMSF
$490M
| $768K | ﹤0.01% |
21,615
-3,000
| -12% | -$105K |
|
|
APFC
1674
DELISTED
AMERICAN PACIFIC CORP
APFC
| $768K | ﹤0.01% |
+14,019
| New | +$592K |
|
1675
Pricesmart
PSMT
$5.4B
| $764K | ﹤0.01% |
8,019
| – | – |
|
Similar funds
Cliff Asness's Q3 2013 Portfolio in Review
As of Q3 2013, Cliff Asness held 2,633 positions worth $28.4B, up 0.7% from $28.2B the previous quarter. Its ten largest holdings account for 8.2% of the portfolio.
Cliff Asness withdrew a net $3.1B in Q3 2013, closing 162 positions and reducing 1,040 holdings. Its most notable exit was CLEARWIRE CORP NEW CL A COM STK (DE), an estimated $67.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 15% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Cliff Asness opened a new position in Twenty-First Century Fox, Inc. Class A worth $91.7M.
- Cliff Asness's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 2,736,469 shares worth $91.7M.
- Cliff Asness added most to HEALTH MGMT ASSOC INC CL-A in Q3 2013, an estimated $105M increase.
- Cliff Asness's biggest Q3 2013 reduction was Pfizer, cutting an estimated $112M.
- Cliff Asness fully exited CLEARWIRE CORP NEW CL A COM STK (DE) in Q3 2013, selling an estimated $67.1M.
- Cliff Asness's ten largest holdings make up 8.2% of its $28.4B portfolio in Q3 2013.
- Cliff Asness opened 316 new positions and closed 162 in Q3 2013.
- Cliff Asness's portfolio value rose 0.7% quarter-over-quarter to $28.4B.
Based on AQR Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.