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 | |
|---|---|---|---|---|---|---|
1951
Angi Inc
ANGI
$200M
| $5.37M | ﹤0.01% |
922,788
+560,056
| +154% | +$3.46M |
|
|
FRMI
1952
Fermi Inc
FRMI
$3.79B
| $5.36M | ﹤0.01% |
585,521
+300,006
| +105% | +$1.9M |
|
1953
Krispy Kreme
DNUT
$623M
| $5.36M | ﹤0.01% |
1,517,686
+705,327
| +87% | +$2.52M |
|
1954
FB Financial Corp
FBK
$2.93B
| $5.36M | ﹤0.01% |
96,766
-959
| -1% | -$51.5K |
|
1955
Ericsson
ERIC
$33.5B
| $5.35M | ﹤0.01% |
480,026
+130,056
| +37% | +$1.57M |
|
1956
Eldorado Gold
EGO
$11.9B
| $5.34M | ﹤0.01% |
173,662
+119,900
| +223% | +$3.9M |
|
1957
Ollie's Bargain Outlet
OLLI
$4.6B
| $5.34M | ﹤0.01% |
72,344
-964,679
| -93% | -$80.5M |
|
1958
Mativ Holdings
MATV
$688M
| $5.32M | ﹤0.01% |
702,520
+136,677
| +24% | +$1.18M |
|
|
SEZL
1959
Sezzle
SEZL
$4.01B
| $5.32M | ﹤0.01% |
30,970
+4,235
| +16% | +$446K |
|
1960
Eagle Bancorp
EGBN
$861M
| $5.32M | ﹤0.01% |
187,224
-28,761
| -13% | -$770K |
|
1961
Allegiant Air
ALGT
$2.24B
| $5.31M | ﹤0.01% |
45,160
+19,256
| +74% | +$1.67M |
|
1962
Centuri Holdings
CTRI
$2.16B
| $5.31M | ﹤0.01% |
175,558
+639
| +0.4% | +$20.6K |
|
1963
AZZ Inc
AZZ
$4.25B
| $5.29M | ﹤0.01% |
34,129
+236
| +0.7% | +$33.6K |
|
1964
Eve Holding
EVEX
$917M
| $5.29M | ﹤0.01% |
2,106,401
+1,388,746
| +194% | +$4M |
|
1965
Avantis All International Markets Equity ETF
AVNM
$736M
| $5.29M | ﹤0.01% |
64,155
+43,165
| +206% | +$3.55M |
|
1966
Avantis International Large Cap Value ETF
AVIV
$2.08B
| $5.26M | ﹤0.01% |
67,950
+3,918
| +6% | +$307K |
|
1967
Manitowoc
MTW
$710M
| $5.25M | ﹤0.01% |
377,943
+74,591
| +25% | +$948K |
|
1968
Chemours
CC
$2.4B
| $5.25M | ﹤0.01% |
255,669
-31,089
| -11% | -$712K |
|
1969
Rezolute
RZLT
$490M
| $5.24M | ﹤0.01% |
1,007,962
+211,266
| +27% | +$785K |
|
1970
Schwab Emerging Markets Equity ETF
SCHE
$12.9B
| $5.24M | ﹤0.01% |
144,545
+52,464
| +57% | +$1.87M |
|
1971
Harmonic Inc
HLIT
$1.36B
| $5.23M | ﹤0.01% |
320,124
-218,906
| -41% | -$2.79M |
|
1972
iShares MSCI USA Value Factor ETF
VLUE
$9.85B
| $5.22M | ﹤0.01% |
26,149
+9,301
| +55% | +$1.67M |
|
1973
Farmers National Banc Corp
FMNB
$930M
| $5.22M | ﹤0.01% |
357,225
+214,217
| +150% | +$3.02M |
|
1974
Weis Markets
WMK
$1.76B
| $5.21M | ﹤0.01% |
66,515
+3,854
| +6% | +$283K |
|
1975
Krystal Biotech
KRYS
$10.3B
| $5.2M | ﹤0.01% |
14,002
-112
| -0.8% | -$33.5K |
|
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.