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 | |
|---|---|---|---|---|---|---|
151
Philip Morris
PM
$293B
| $456M | 0.16% |
2,517,931
-391,103
| -13% | -$67.8M |
|
152
Datadog
DDOG
$84.6B
| $455M | 0.16% |
1,798,627
-762,437
| -30% | -$142M |
|
153
NNN REIT
NNN
$8.8B
| $455M | 0.16% |
9,773,107
+5,915,740
| +153% | +$264M |
|
154
AXIS Capital
AXS
$7.2B
| $454M | 0.16% |
4,229,033
-702,946
| -14% | -$70.5M |
|
155
Applied Industrial Technologies
AIT
$12.5B
| $452M | 0.16% |
1,343,397
+423,786
| +46% | +$130M |
|
156
Accenture
ACN
$113B
| $451M | 0.16% |
3,657,820
+2,596,312
| +245% | +$451M |
|
157
Burlington
BURL
$20.6B
| $450M | 0.16% |
1,450,868
+112,609
| +8% | +$36.3M |
|
158
CME Group
CME
$98.9B
| $448M | 0.16% |
2,027,267
+45,168
| +2% | +$12.5M |
|
159
Chemed
CHE
$7.07B
| $446M | 0.16% |
972,474
+556,862
| +134% | +$234M |
|
160
Pfizer
PFE
$160B
| $445M | 0.16% |
18,557,891
+6,678,656
| +56% | +$175M |
|
161
HubSpot
HUBS
$12B
| $441M | 0.15% |
2,418,126
+789,957
| +49% | +$165M |
|
162
Landstar System
LSTR
$6.33B
| $439M | 0.15% |
2,122,575
+286,971
| +16% | +$54.9M |
|
163
Molson Coors Class B
TAP
$8.01B
| $433M | 0.15% |
11,108,304
+6,412,705
| +137% | +$268M |
|
|
MRSH
164
Marsh
MRSH
$91.6B
| $432M | 0.15% |
2,607,451
-1,066,536
| -29% | -$178M |
|
165
Dow Inc
DOW
$23.4B
| $430M | 0.15% |
15,698,239
+5,381,487
| +52% | +$195M |
|
166
Toro Company
TTC
$9.47B
| $429M | 0.15% |
4,421,337
-115,188
| -3% | -$10.7M |
|
167
Altria Group
MO
$110B
| $427M | 0.15% |
5,940,353
+610,528
| +11% | +$42.6M |
|
168
Target
TGT
$75.1B
| $427M | 0.15% |
3,272,679
+308,965
| +10% | +$39.3M |
|
169
Colgate-Palmolive
CL
$72.6B
| $427M | 0.15% |
4,665,294
+2,886,409
| +162% | +$253M |
|
170
Western Alliance Bancorporation
WAL
$8.69B
| $423M | 0.15% |
5,151,917
+4,244,622
| +468% | +$335M |
|
171
Textron
TXT
$14.3B
| $423M | 0.15% |
4,658,243
-975,033
| -17% | -$88.6M |
|
172
Jefferies Financial Group
JEF
$12.1B
| $421M | 0.15% |
8,426,996
+3,144,305
| +60% | +$162M |
|
173
nVent Electric
NVT
$24.6B
| $420M | 0.15% |
2,523,257
+455,512
| +22% | +$71M |
|
|
SF
174
Stifel
SF
$12.2B
| $419M | 0.15% |
6,001,400
-2,468,463
| -29% | -$184M |
|
175
Biogen
BIIB
$32B
| $417M | 0.15% |
1,936,859
+13,302
| +0.7% | +$2.54M |
|
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.