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 |
UnitedHealth
UNH
|
+$239M |
| 2 |
Valero Energy
VLO
|
+$171M |
| 3 |
Goldman Sachs
GS
|
+$159M |
| 4 |
Southwest Airlines
LUV
|
+$158M |
| 5 |
Allstate
ALL
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$213M |
| 2 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$213M |
| 3 |
Humana
HUM
|
+$162M |
| 4 |
PRE
PARTNERRE LTD
PRE
|
+$115M |
| 5 |
PPG Industries
PPG
|
+$98.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.05% |
| 2 | Technology | 16.19% |
| 3 | Financials | 14.39% |
| 4 | Consumer Discretionary | 11.86% |
| 5 | Industrials | 10.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1801
Quad
QUAD
$533M
| $476K | ﹤0.01% |
+25,741
| New | +$542K |
|
|
MANT
1802
DELISTED
Mantech International Corp
MANT
| $476K | ﹤0.01% |
+16,430
| New | +$497K |
|
1803
Mueller Water Products
MWA
$3.91B
| $475K | ﹤0.01% |
52,224
-26,576
| -34% | -$256K |
|
1804
Griffon
GFF
$4.59B
| $474K | ﹤0.01% |
+29,779
| New | +$493K |
|
|
PHX
1805
DELISTED
PHX Minerals
PHX
| $473K | ﹤0.01% |
22,871
+3,580
| +19% | +$76.5K |
|
1806
Alamo Group
ALG
$2.02B
| $472K | ﹤0.01% |
8,646
+4,922
| +132% | +$283K |
|
1807
Cohen & Steers
CNS
$4.29B
| $472K | ﹤0.01% |
13,836
-1,564
| -10% | -$59K |
|
|
KSU
1808
DELISTED
Kansas City Southern
KSU
| $472K | ﹤0.01% |
5,172
-2,052
| -28% | -$202K |
|
1809
Comfort Systems
FIX
$56.5B
| $471K | ﹤0.01% |
+20,508
| New | +$451K |
|
|
PDM
1810
Piedmont Realty Trust
PDM
$1.23B
| $471K | ﹤0.01% |
26,800
-1,800
| -6% | -$32K |
|
|
UAM
1811
DELISTED
Universal American Corp
UAM
| $471K | ﹤0.01% |
46,500
+8,000
| +21% | +$83.4K |
|
1812
OFG Bancorp
OFG
$2.22B
| $470K | ﹤0.01% |
44,056
+13,756
| +45% | +$197K |
|
|
CNCE
1813
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $469K | ﹤0.01% |
+31,499
| New | +$480K |
|
1814
White Mountains Insurance
WTM
$5.09B
| $468K | ﹤0.01% |
714
-293
| -29% | -$194K |
|
|
ELGX
1815
DELISTED
Endologix Inc
ELGX
| $468K | ﹤0.01% |
+3,049
| New | +$503K |
|
|
BBT
1816
Beacon Financial Corp
BBT
$2.64B
| $465K | ﹤0.01% |
+16,325
| New | +$456K |
|
|
BNCL
1817
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $465K | ﹤0.01% |
37,269
+12,312
| +49% | +$147K |
|
1818
Kemper
KMPR
$1.64B
| $464K | ﹤0.01% |
+12,040
| New | +$455K |
|
|
GPOR
1819
DELISTED
Gulfport Energy Corp.
GPOR
| $464K | ﹤0.01% |
11,519
-5,030
| -30% | -$231K |
|
1820
CorMedix
CRMD
$655M
| $462K | ﹤0.01% |
23,809
+21,289
| +845% | +$730K |
|
1821
Sociedad Química y Minera de Chile
SQM
$23.7B
| $460K | ﹤0.01% |
29,462
-116,658
| -80% | -$2.23M |
|
|
CKH
1822
DELISTED
Seacor Holdings Inc.
CKH
| $458K | ﹤0.01% |
6,681
+270
| +4% | +$18.8K |
|
|
CYN
1823
DELISTED
CITY NATIONAL CORPORATION
CYN
| $457K | ﹤0.01% |
5,054
-7,000
| -58% | -$647K |
|
1824
Willdan Group
WLDN
$1.27B
| $454K | ﹤0.01% |
40,644
+5,688
| +16% | +$80K |
|
1825
SPS Commerce
SPSC
$2.95B
| $453K | ﹤0.01% |
13,772
+7,418
| +117% | +$249K |
|
Similar funds
Cliff Asness's Q2 2015 Portfolio in Review
As of Q2 2015, Cliff Asness held 2,337 positions worth $50.4B, up 15% from $43.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness deployed $7.39B of net new capital in Q2 2015, opening 201 new positions and adding to 1,161 existing holdings. Its largest new stake was Darden Restaurants: 1,233,952 shares worth $78.4M.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was AbbVie, an estimated $213M trimmed.
- Cliff Asness's largest Q2 2015 buy was Darden Restaurants: 1,233,952 shares worth $78.4M.
- Cliff Asness added most to UnitedHealth in Q2 2015, an estimated $239M increase.
- Cliff Asness's biggest Q2 2015 reduction was AbbVie, cutting an estimated $213M.
- Cliff Asness fully exited AOL INC COMMON STOCK in Q2 2015, selling an estimated $17.6M.
- Cliff Asness's ten largest holdings make up 11% of its $50.4B portfolio in Q2 2015.
- Cliff Asness opened 201 new positions and closed 126 in Q2 2015.
- Cliff Asness's portfolio value rose 15% quarter-over-quarter to $50.4B.
Based on AQR Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.