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 |
JPMorgan Chase
JPM
|
+$121M |
| 2 |
Goldman Sachs
GS
|
+$106M |
| 3 |
Carrier Global
CARR
|
+$80.6M |
| 4 |
Markel Group
MKL
|
+$79.9M |
| 5 |
Chubb
CB
|
+$77.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$339M |
| 2 |
Meta Platforms (Facebook)
META
|
+$291M |
| 3 |
Microsoft
MSFT
|
+$290M |
| 4 |
Target
TGT
|
+$207M |
| 5 |
Apple
AAPL
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.25% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Healthcare | 13.99% |
| 4 | Industrials | 11.75% |
| 5 | Financials | 11.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Zebra Technologies
ZBRA
$17.4B
| $78.4M | 0.14% |
148,077
+72,429
| +96% | +$36.1M |
|
177
Booking.com
BKNG
$158B
| $77.4M | 0.13% |
884,650
-210,550
| -19% | -$19.7M |
|
178
JB Hunt Transport Services
JBHT
$25.9B
| $76.8M | 0.13% |
474,918
+38,611
| +9% | +$6.52M |
|
179
Dick's Sporting Goods
DKS
$16.4B
| $76.4M | 0.13% |
763,022
-340,188
| -31% | -$30.5M |
|
180
ResMed
RMD
$33.4B
| $75.7M | 0.13% |
307,961
-51,168
| -14% | -$10.8M |
|
181
Darden Restaurants
DRI
$25.2B
| $75.7M | 0.13% |
525,325
-150,299
| -22% | -$21.2M |
|
182
Netflix
NFLX
$331B
| $75.3M | 0.13% |
1,425,890
-640,550
| -31% | -$32.7M |
|
183
Intercontinental Exchange
ICE
$90.5B
| $75.3M | 0.13% |
635,322
+145,232
| +30% | +$16.7M |
|
184
Deckers Outdoor
DECK
$12.5B
| $74.9M | 0.13% |
1,176,492
-509,418
| -30% | -$28.7M |
|
185
W.W. Grainger
GWW
$61.8B
| $73.7M | 0.13% |
168,247
-25,718
| -13% | -$11.3M |
|
186
Public Service Enterprise Group
PEG
$36.2B
| $73.2M | 0.13% |
1,230,773
+314,477
| +34% | +$19.4M |
|
187
Assurant
AIZ
$14B
| $72.8M | 0.13% |
466,346
-99,409
| -18% | -$15.5M |
|
188
Revvity
RVTY
$13.9B
| $72.2M | 0.13% |
467,831
-160,142
| -26% | -$22.5M |
|
189
Exelon
EXC
$45.1B
| $71.9M | 0.12% |
2,275,023
+676,763
| +42% | +$21.8M |
|
190
Edwards Lifesciences
EW
$51.8B
| $71.6M | 0.12% |
691,314
-187,193
| -21% | -$17.6M |
|
191
Northrop Grumman
NOC
$78.3B
| $71.6M | 0.12% |
196,996
+69,585
| +55% | +$25.1M |
|
192
VeriSign
VRSN
$25.5B
| $71.5M | 0.12% |
313,952
-137,506
| -30% | -$29.9M |
|
193
Consolidated Edison
ED
$39.3B
| $71.3M | 0.12% |
994,848
+44,573
| +5% | +$3.42M |
|
194
U-Haul Holding Co
UHAL
$13.9B
| $70.9M | 0.12% |
1,203,050
+368,600
| +44% | +$21.6M |
|
195
Mohawk Industries
MHK
$9.23B
| $70.3M | 0.12% |
367,904
-4,178
| -1% | -$850K |
|
196
US Bancorp
USB
$96.7B
| $69.5M | 0.12% |
1,222,678
-901,536
| -42% | -$52.9M |
|
197
Autodesk
ADSK
$53.6B
| $69.1M | 0.12% |
236,708
-129,587
| -35% | -$37M |
|
198
The Mosaic Company
MOS
$7.76B
| $68.4M | 0.12% |
2,202,131
-616,631
| -22% | -$20.9M |
|
199
Caterpillar
CAT
$381B
| $68.2M | 0.12% |
317,052
+60,542
| +24% | +$14M |
|
200
Dover
DOV
$27.2B
| $67.7M | 0.12% |
453,931
-21,771
| -5% | -$3.21M |
|
Similar funds
Cliff Asness's Q2 2021 Portfolio in Review
As of Q2 2021, Cliff Asness held 2,351 positions worth $57.8B, down 5.5% from $61.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $7.23B in Q2 2021, closing 138 positions and reducing 1,144 holdings. Its most notable exit was Extended Stay America, Inc. Paired Share Unit, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cliff Asness opened a new position in Li Auto worth $26M.
- Cliff Asness's largest Q2 2021 buy was Li Auto: 743,909 shares worth $26M.
- Cliff Asness added most to JPMorgan Chase in Q2 2021, an estimated $121M increase.
- Cliff Asness's biggest Q2 2021 reduction was Amazon, cutting an estimated $339M.
- Cliff Asness fully exited Extended Stay America, Inc. Paired Share Unit in Q2 2021, selling an estimated $21.7M.
- Cliff Asness's ten largest holdings make up 17% of its $57.8B portfolio in Q2 2021.
- Cliff Asness opened 173 new positions and closed 138 in Q2 2021.
- Cliff Asness's portfolio value fell 5.5% quarter-over-quarter to $57.8B.
Based on AQR Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.