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 |
Procter & Gamble
PG
|
+$322M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$260M |
| 3 |
Cummins
CMI
|
+$246M |
| 4 |
Wells Fargo
WFC
|
+$242M |
| 5 |
Eli Lilly
LLY
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stellantis
STLA
|
+$334M |
| 2 |
RTN
Raytheon Company
RTN
|
+$310M |
| 3 |
Micron Technology
MU
|
+$306M |
| 4 |
Valero Energy
VLO
|
+$301M |
| 5 |
HF Sinclair
DINO
|
+$289M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.62% |
| 2 | Healthcare | 17.69% |
| 3 | Consumer Discretionary | 12.06% |
| 4 | Financials | 11.04% |
| 5 | Industrials | 10.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WIFI
1876
DELISTED
Boingo Wireless, Inc.
WIFI
| $307K | ﹤0.01% |
17,062
-172,944
| -91% | -$3.71M |
|
1877
First Horizon
FHN
$11.7B
| $305K | ﹤0.01% |
+20,437
| New | +$296K |
|
1878
Tootsie Roll Industries
TR
$3.08B
| $302K | ﹤0.01% |
+10,046
| New | +$315K |
|
1879
Nordic American Tanker
NAT
$1.48B
| $301K | ﹤0.01% |
128,613
-163,469
| -56% | -$352K |
|
1880
Impinj
PI
$5.06B
| $300K | ﹤0.01% |
+10,499
| New | +$256K |
|
|
TSC
1881
DELISTED
TriState Capital Holdings, Inc.
TSC
| $300K | ﹤0.01% |
14,074
-3,350
| -19% | -$73.4K |
|
1882
Carriage Services
CSV
$547M
| $298K | ﹤0.01% |
15,695
-5,009
| -24% | -$95.5K |
|
1883
NOV
NOV
$7.28B
| $297K | ﹤0.01% |
13,684
-491,793
| -97% | -$11.9M |
|
|
EPZM
1884
DELISTED
Epizyme, Inc
EPZM
| $294K | ﹤0.01% |
+23,425
| New | +$301K |
|
|
HIBB
1885
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $293K | ﹤0.01% |
16,119
-521,744
| -97% | -$11M |
|
1886
Forward Air
FWRD
$612M
| $292K | ﹤0.01% |
+4,932
| New | +$303K |
|
1887
The Greenbrier Companies
GBX
$1.42B
| $292K | ﹤0.01% |
9,603
-36,730
| -79% | -$1.17M |
|
|
FMBI
1888
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $292K | ﹤0.01% |
14,266
-28,860
| -67% | -$598K |
|
|
CSR
1889
Centerspace
CSR
$906M
| $291K | ﹤0.01% |
4,965
+1,117
| +29% | +$66.5K |
|
|
USCR
1890
DELISTED
U S Concrete, Inc.
USCR
| $290K | ﹤0.01% |
5,830
| – | – |
|
|
ADVM
1891
DELISTED
Adverum Biotechnologies
ADVM
| $288K | ﹤0.01% |
2,426
-1,033
| -30% | -$85.5K |
|
1892
ATI
ATI
$28.2B
| $287K | ﹤0.01% |
11,497
-4,346
| -27% | -$106K |
|
|
EBSB
1893
DELISTED
Meridian Bancorp, Inc.
EBSB
| $287K | ﹤0.01% |
16,025
-394
| -2% | -$6.74K |
|
1894
Protolabs
PRLB
$1.9B
| $286K | ﹤0.01% |
2,469
-2,785
| -53% | -$300K |
|
1895
Artisan Partners
APAM
$3B
| $285K | ﹤0.01% |
10,348
| – | – |
|
1896
Ovintiv
OVV
$18.5B
| $284K | ﹤0.01% |
11,077
-7,760
| -41% | -$242K |
|
1897
Transocean
RIG
$6.61B
| $284K | ﹤0.01% |
44,877
-1,875,041
| -98% | -$13.9M |
|
1898
Cerus
CERS
$566M
| $280K | ﹤0.01% |
49,863
-33,539
| -40% | -$185K |
|
|
CADE
1899
DELISTED
Cadence Bancorporation
CADE
| $280K | ﹤0.01% |
13,464
-22,851
| -63% | -$470K |
|
1900
Gates Industrial Corp
GTES
$6.56B
| $279K | ﹤0.01% |
+24,454
| New | +$329K |
|
Similar funds
Cliff Asness's Q2 2019 Portfolio in Review
As of Q2 2019, Cliff Asness held 2,276 positions worth $89.6B, down 4.9% from $94.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Cliff Asness withdrew a net $5.94B in Q2 2019, closing 220 positions and reducing 1,022 holdings. Its most notable exit was Stellantis, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in Optimum Communications Inc worth $28.8M.
- Cliff Asness's largest Q2 2019 buy was Optimum Communications Inc: 1,190,376 shares worth $28.8M.
- Cliff Asness added most to Procter & Gamble in Q2 2019, an estimated $322M increase.
- Cliff Asness's biggest Q2 2019 reduction was Raytheon Company, cutting an estimated $310M.
- Cliff Asness fully exited Stellantis in Q2 2019, selling an estimated $334M.
- Cliff Asness's ten largest holdings make up 13% of its $89.6B portfolio in Q2 2019.
- Cliff Asness opened 117 new positions and closed 220 in Q2 2019.
- Cliff Asness's portfolio value fell 4.9% quarter-over-quarter to $89.6B.
Based on AQR Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.