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 | |
|---|---|---|---|---|---|---|
1926
HUB Group
HUBG
$2.49B
| $5.6M | ﹤0.01% |
127,981
-29,767
| -19% | -$1.25M |
|
1927
GCM Grosvenor
GCMG
$839M
| $5.6M | ﹤0.01% |
454,954
+63,808
| +16% | +$698K |
|
1928
Cass Information Systems
CASS
$722M
| $5.59M | ﹤0.01% |
108,997
+51,193
| +89% | +$2.43M |
|
1929
Fidelity MSCI Information Technology Index ETF
FTEC
$20.8B
| $5.58M | ﹤0.01% |
19,550
+2,601
| +15% | +$680K |
|
1930
GameStop
GME
$8.17B
| $5.58M | ﹤0.01% |
253,664
+166,806
| +192% | +$3.82M |
|
1931
Kodiak Gas Services
KGS
$6.21B
| $5.55M | ﹤0.01% |
73,838
+3,796
| +5% | +$258K |
|
|
RC
1932
Ready Capital
RC
$311M
| $5.51M | ﹤0.01% |
3,147,977
+1,514,986
| +93% | +$2.66M |
|
1933
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.8B
| $5.51M | ﹤0.01% |
209,959
+20,168
| +11% | +$526K |
|
1934
Modine Manufacturing
MOD
$10.5B
| $5.5M | ﹤0.01% |
20,601
+2,366
| +13% | +$624K |
|
1935
Simulations Plus
SLP
$372M
| $5.5M | ﹤0.01% |
300,334
+140,688
| +88% | +$2.16M |
|
1936
UroGen Pharma
URGN
$2.29B
| $5.49M | ﹤0.01% |
149,228
+5,168
| +4% | +$140K |
|
1937
The Honest Company
HNST
$542M
| $5.49M | ﹤0.01% |
1,498,653
+53,451
| +4% | +$180K |
|
1938
Cerus
CERS
$566M
| $5.48M | ﹤0.01% |
1,878,275
-234,957
| -11% | -$570K |
|
1939
Compass Diversified
CODI
$879M
| $5.47M | ﹤0.01% |
513,464
+143,576
| +39% | +$1.57M |
|
1940
Elanco Animal Health
ELAN
$12B
| $5.45M | ﹤0.01% |
224,311
+26,472
| +13% | +$612K |
|
1941
Peapack-Gladstone Financial
PGC
$808M
| $5.45M | ﹤0.01% |
115,087
+8,871
| +8% | +$375K |
|
1942
Blackbaud
BLKB
$2.16B
| $5.43M | ﹤0.01% |
185,240
-162,087
| -47% | -$5.33M |
|
1943
Collegium Pharmaceutical
COLL
$840M
| $5.42M | ﹤0.01% |
149,802
+14,586
| +11% | +$498K |
|
1944
John Wiley & Sons Class A
WLY
$2.62B
| $5.42M | ﹤0.01% |
114,451
+31,947
| +39% | +$1.34M |
|
1945
Clearway Energy Class C
CWEN
$6.68B
| $5.42M | ﹤0.01% |
158,434
+56,096
| +55% | +$2.17M |
|
1946
Boise Cascade
BCC
$2.88B
| $5.41M | ﹤0.01% |
69,642
+5,101
| +8% | +$378K |
|
1947
Amalgamated Financial
AMAL
$1.46B
| $5.4M | ﹤0.01% |
117,610
+1,248
| +1% | +$52.6K |
|
1948
Seneca Foods Class A
SENEA
$1.31B
| $5.39M | ﹤0.01% |
30,968
-937
| -3% | -$139K |
|
1949
Waterstone Financial
WSBF
$379M
| $5.37M | ﹤0.01% |
259,089
+34,295
| +15% | +$639K |
|
1950
Vishay Intertechnology
VSH
$4.85B
| $5.37M | ﹤0.01% |
99,865
-41,543
| -29% | -$1.7M |
|
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.