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 |
Applied Materials
AMAT
|
+$325M |
| 2 |
Intel
INTC
|
+$193M |
| 3 |
Johnson & Johnson
JNJ
|
+$175M |
| 4 |
HP
HPQ
|
+$161M |
| 5 |
ExxonMobil
XOM
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum! Brands
YUM
|
+$126M |
| 2 |
HCA Healthcare
HCA
|
+$106M |
| 3 |
HF Sinclair
DINO
|
+$90.5M |
| 4 |
Carnival Corporation Ltd
CCL
|
+$88.9M |
| 5 |
VIAB
Viacom Inc. Class B
VIAB
|
+$77.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.52% |
| 2 | Industrials | 13.48% |
| 3 | Financials | 13.29% |
| 4 | Consumer Discretionary | 12.48% |
| 5 | Healthcare | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVTA
1651
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.21M | ﹤0.01% |
108,267
+27,381
| +34% | +$304K |
|
1652
American Coastal Insurance
ACIC
$441M
| $1.21M | ﹤0.01% |
71,077
+33,378
| +89% | +$529K |
|
1653
Installed Building Products
IBP
$6.51B
| $1.2M | ﹤0.01% |
33,520
+18,005
| +116% | +$626K |
|
|
DOOR
1654
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $1.2M | ﹤0.01% |
19,214
+13,634
| +244% | +$914K |
|
1655
Arthur J. Gallagher & Co
AJG
$69.7B
| $1.19M | ﹤0.01% |
23,457
-75,042
| -76% | -$3.7M |
|
1656
Scorpio Tankers
STNG
$3.92B
| $1.19M | ﹤0.01% |
25,679
-18,880
| -42% | -$908K |
|
1657
Wolfspeed
WOLF
$1.29B
| $1.19M | ﹤0.01% |
46,210
-33,361
| -42% | -$862K |
|
1658
Culp Inc
CULP
$43.9M
| $1.19M | ﹤0.01% |
39,785
-7,900
| -17% | -$233K |
|
|
ITC
1659
DELISTED
ITC HOLDINGS CORP
ITC
| $1.19M | ﹤0.01% |
25,504
+738
| +3% | +$34.2K |
|
1660
Kodak
KODK
$948M
| $1.18M | ﹤0.01% |
+78,832
| New | +$1.25M |
|
1661
Universal Display
OLED
$3.89B
| $1.18M | ﹤0.01% |
21,320
+2,772
| +15% | +$176K |
|
1662
Hancock Whitney
HWC
$6.01B
| $1.18M | ﹤0.01% |
36,457
+20,497
| +128% | +$619K |
|
|
QGENF
1663
DELISTED
QIAGEN NV
QGENF
| $1.18M | ﹤0.01% |
42,941
+6,968
| +19% | +$191K |
|
1664
BioMarin Pharmaceuticals
BMRN
$12.6B
| $1.18M | ﹤0.01% |
+12,718
| New | +$1.2M |
|
1665
Powell Industries
POWL
$6.89B
| $1.17M | ﹤0.01% |
87,726
+36,519
| +71% | +$466K |
|
1666
Eagle Bancorp
EGBN
$857M
| $1.16M | ﹤0.01% |
23,432
-1,732
| -7% | -$86.9K |
|
1667
Axalta
AXTA
$7.72B
| $1.15M | ﹤0.01% |
40,797
-6,517
| -14% | -$182K |
|
1668
PRA Group
PRAA
$759M
| $1.15M | ﹤0.01% |
33,220
+8,447
| +34% | +$249K |
|
1669
W&T Offshore
WTI
$574M
| $1.15M | ﹤0.01% |
652,390
+173,583
| +36% | +$328K |
|
1670
Renasant Corp
RNST
$3.79B
| $1.14M | ﹤0.01% |
34,013
-7,263
| -18% | -$244K |
|
1671
American Vanguard Corp
AVD
$64M
| $1.14M | ﹤0.01% |
70,749
+9,250
| +15% | +$150K |
|
1672
Pebblebrook Hotel Trust
PEB
$2.07B
| $1.14M | ﹤0.01% |
42,652
+1,388
| +3% | +$39.8K |
|
|
ACET
1673
DELISTED
Aceto Corp
ACET
| $1.14M | ﹤0.01% |
59,761
+12,418
| +26% | +$281K |
|
|
SVC
1674
Service Properties Trust
SVC
$1.04B
| $1.13M | ﹤0.01% |
7,607
+456
| +6% | +$69.5K |
|
1675
Pegasystems
PEGA
$5.64B
| $1.13M | ﹤0.01% |
76,582
-38,600
| -34% | -$523K |
|
Similar funds
Cliff Asness's Q3 2016 Portfolio in Review
As of Q3 2016, Cliff Asness held 2,383 positions worth $65.3B, up 15% from $56.7B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Cliff Asness deployed $6.43B of net new capital in Q3 2016, opening 194 new positions and adding to 1,282 existing holdings. Its largest new stake was Hertz Global Holdings, Inc.: 398,723 shares worth $13.9M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 14% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Yum! Brands, an estimated $126M trimmed.
- Cliff Asness's largest Q3 2016 buy was Hertz Global Holdings, Inc.: 398,723 shares worth $13.9M.
- Cliff Asness added most to Applied Materials in Q3 2016, an estimated $325M increase.
- Cliff Asness's biggest Q3 2016 reduction was Yum! Brands, cutting an estimated $126M.
- Cliff Asness fully exited EMC CORPORATION in Q3 2016, selling an estimated $55.4M.
- Cliff Asness's ten largest holdings make up 9% of its $65.3B portfolio in Q3 2016.
- Cliff Asness opened 194 new positions and closed 140 in Q3 2016.
- Cliff Asness's portfolio value rose 15% quarter-over-quarter to $65.3B.
Based on AQR Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.