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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
1-Year Est. Return
42.33%
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.
This Fund
S&P 500
This Quarter Est. Return
+22.95%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1951
Angi Inc
ANGI
$244M
| $5.37M | ﹤0.01% |
922,788
+560,056
| +154% | +$3.46M |
2025 Q1
5 quarters
|
|
1952
Fermi Inc
FRMI
$1.83B
| $5.36M | ﹤0.01% |
585,521
+300,006
| +105% | +$1.9M |
2026 Q1
1 quarter
|
|
1953
Krispy Kreme
DNUT
$555M
| $5.36M | ﹤0.01% |
1,517,686
+705,327
| +87% | +$2.52M |
2025 Q1
5 quarters
|
|
1954
FB Financial Corp
FBK
$2.65B
| $5.36M | ﹤0.01% |
96,766
-959
| -1% | -$51.5K |
2023 Q3
11 quarters
|
|
1955
Ericsson
ERIC
$36.1B
| $5.35M | ﹤0.01% |
480,026
+130,056
| +37% | +$1.57M |
2024 Q2
8 quarters
|
|
1956
Eldorado Gold
EGO
$8.45B
| $5.34M | ﹤0.01% |
173,662
+119,900
| +223% | +$3.9M |
2026 Q1
1 quarter
|
|
1957
Ollie's Bargain Outlet
OLLI
$5.49B
| $5.34M | ﹤0.01% |
72,344
-964,679
| -93% | -$80.5M |
2023 Q1
13 quarters
|
|
1958
Mativ Holdings
MATV
$621M
| $5.32M | ﹤0.01% |
702,520
+136,677
| +24% | +$1.18M |
2024 Q2
8 quarters
|
|
1959
Sezzle
SEZL
$4.52B
| $5.32M | ﹤0.01% |
30,970
+4,235
| +16% | +$446K |
2024 Q4
6 quarters
|
|
1960
Eagle Bancorp
EGBN
$1.02B
| $5.32M | ﹤0.01% |
187,224
-28,761
| -13% | -$770K |
2021 Q4
18 quarters
|
|
1961
Allegiant Air
ALGT
$1.99B
| $5.31M | ﹤0.01% |
45,160
+19,256
| +74% | +$1.67M |
2025 Q2
4 quarters
|
|
1962
Centuri Holdings
CTRI
$2.17B
| $5.31M | ﹤0.01% |
175,558
+639
| +0.4% | +$20.6K |
2025 Q2
4 quarters
|
|
1963
AZZ Inc
AZZ
$4.13B
| $5.29M | ﹤0.01% |
34,129
+236
| +0.7% | +$33.6K |
2024 Q2
8 quarters
|
|
1964
Eve Holding
EVEX
$565M
| $5.29M | ﹤0.01% |
2,106,401
+1,388,746
| +194% | +$4M |
2024 Q4
6 quarters
|
|
1965
Avantis All International Markets Equity ETF
AVNM
$790M
| $5.29M | ﹤0.01% |
64,155
+43,165
| +206% | +$3.55M |
2026 Q1
1 quarter
|
|
1966
Avantis International Large Cap Value ETF
AVIV
$2.06B
| $5.26M | ﹤0.01% |
67,950
+3,918
| +6% | +$307K |
2024 Q3
7 quarters
|
|
1967
Manitowoc
MTW
$858M
| $5.25M | ﹤0.01% |
377,943
+74,591
| +25% | +$948K |
2020 Q1
25 quarters
|
|
1968
Chemours
CC
$1.99B
| $5.25M | ﹤0.01% |
255,669
-31,089
| -11% | -$712K |
2025 Q3
3 quarters
|
|
1969
Rezolute
RZLT
$398M
| $5.24M | ﹤0.01% |
1,007,962
+211,266
| +27% | +$785K |
2025 Q4
2 quarters
|
|
1970
Schwab Emerging Markets Equity ETF
SCHE
$12.3B
| $5.24M | ﹤0.01% |
144,545
+52,464
| +57% | +$1.87M |
2024 Q3
7 quarters
|
|
1971
Harmonic Inc
HLIT
$1.18B
| $5.23M | ﹤0.01% |
320,124
-218,906
| -41% | -$2.79M |
2024 Q2
8 quarters
|
|
1972
iShares MSCI USA Value Factor ETF
VLUE
$9.36B
| $5.22M | ﹤0.01% |
26,149
+9,301
| +55% | +$1.67M |
2025 Q4
2 quarters
|
|
1973
Farmers National Banc Corp
FMNB
$934M
| $5.22M | ﹤0.01% |
357,225
+214,217
| +150% | +$3.02M |
2024 Q4
6 quarters
|
|
1974
Weis Markets
WMK
$1.85B
| $5.21M | ﹤0.01% |
66,515
+3,854
| +6% | +$283K |
2024 Q2
8 quarters
|
|
1975
Krystal Biotech
KRYS
$9.6B
| $5.2M | ﹤0.01% |
14,002
-112
| -0.8% | -$33.5K |
2022 Q4
14 quarters
|
|
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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.