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 |
Biogen
BIIB
|
+$335M |
| 2 |
Exelon
EXC
|
+$314M |
| 3 |
Procter & Gamble
PG
|
+$241M |
| 4 |
TripAdvisor
TRIP
|
+$208M |
| 5 |
Starbucks
SBUX
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$551M |
| 2 |
Target
TGT
|
+$514M |
| 3 |
CELG
Celgene Corp
CELG
|
+$495M |
| 4 |
Cigna
CI
|
+$369M |
| 5 |
Costco
COST
|
+$310M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.21% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 13.72% |
| 4 | Industrials | 9.29% |
| 5 | Financials | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Live Oak Bancshares
LOB
$1.9B
| $299K | ﹤0.01% |
20,495
-650
| -3% | -$9.99K |
|
|
VRTU
1977
DELISTED
Virtusa Corporation
VRTU
| $299K | ﹤0.01% |
5,588
-8,350
| -60% | -$413K |
|
1978
Graco
GGG
$13.1B
| $298K | ﹤0.01% |
+6,009
| New | +$272K |
|
|
RESI
1979
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $298K | ﹤0.01% |
32,182
| – | – |
|
|
CHCT
1980
Community Healthcare Trust
CHCT
$426M
| $296K | ﹤0.01% |
+8,241
| New | +$274K |
|
1981
Lakeland Financial Corp
LKFN
$1.5B
| $296K | ﹤0.01% |
6,556
-1,241
| -16% | -$56.6K |
|
1982
Aaon
AAON
$6.55B
| $295K | ﹤0.01% |
9,584
| – | – |
|
1983
Renasant Corp
RNST
$3.79B
| $294K | ﹤0.01% |
8,676
-6,910
| -44% | -$246K |
|
|
BMS
1984
DELISTED
Bemis
BMS
| $294K | ﹤0.01% |
5,297
-86
| -2% | -$4.38K |
|
1985
Ezcorp Inc
EZPW
$1.98B
| $293K | ﹤0.01% |
31,453
-11,599
| -27% | -$109K |
|
1986
Ormat Technologies
ORA
$6.67B
| $293K | ﹤0.01% |
+5,304
| New | +$294K |
|
|
CARB
1987
DELISTED
Carbonite Inc
CARB
| $293K | ﹤0.01% |
11,794
-4,113
| -26% | -$106K |
|
|
TPC
1988
Tutor Perini Cor
TPC
$4.8B
| $292K | ﹤0.01% |
+17,027
| New | +$298K |
|
|
PETQ
1989
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $291K | ﹤0.01% |
9,253
| – | – |
|
1990
Center Bancorp
CNOB
$1.62B
| $290K | ﹤0.01% |
14,708
-3,021
| -17% | -$61.8K |
|
1991
Trinity Industries
TRN
$2.37B
| $284K | ﹤0.01% |
13,092
-479,116
| -97% | -$10.9M |
|
|
MFA
1992
MFA Financial
MFA
$901M
| $280K | ﹤0.01% |
9,613
| – | – |
|
1993
Melco Resorts & Entertainment
MLCO
$2.09B
| $279K | ﹤0.01% |
12,333
-16,169
| -57% | -$351K |
|
1994
Brown & Brown
BRO
$24.4B
| $278K | ﹤0.01% |
9,445
-15,393
| -62% | -$440K |
|
1995
Tyler Technologies
TYL
$14.4B
| $278K | ﹤0.01% |
1,361
-7
| -0.5% | -$1.39K |
|
|
DO
1996
DELISTED
Diamond Offshore Drilling
DO
| $275K | ﹤0.01% |
26,711
-295,726
| -92% | -$3.13M |
|
1997
Clean Energy Fuels
CLNE
$357M
| $274K | ﹤0.01% |
88,557
-20,346
| -19% | -$45.2K |
|
1998
ESCO Technologies
ESE
$7.44B
| $274K | ﹤0.01% |
+4,092
| New | +$274K |
|
1999
Teradata
TDC
$2.58B
| $274K | ﹤0.01% |
+6,286
| New | +$282K |
|
2000
Mercury Systems
MRCY
$5.49B
| $272K | ﹤0.01% |
+4,247
| New | +$245K |
|
Similar funds
Cliff Asness's Q1 2019 Portfolio in Review
As of Q1 2019, Cliff Asness held 2,315 positions worth $94.3B, up 9.2% from $86.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Cliff Asness's Q1 2019 filing shows 140 new, 934 increased, 1,002 reduced and 155 closed positions. Its largest new stake was Canopy Growth: 121,700 shares worth $52.7M. The largest sale was Walmart Inc, an estimated $551M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Cliff Asness's largest Q1 2019 buy was Canopy Growth: 121,700 shares worth $52.7M.
- Cliff Asness added most to Biogen in Q1 2019, an estimated $335M increase.
- Cliff Asness's biggest Q1 2019 reduction was Walmart Inc, cutting an estimated $551M.
- Cliff Asness fully exited Dun & Bradstreet in Q1 2019, selling an estimated $74.4M.
- Cliff Asness's ten largest holdings make up 13% of its $94.3B portfolio in Q1 2019.
- Cliff Asness opened 140 new positions and closed 155 in Q1 2019.
- Cliff Asness's portfolio value rose 9.2% quarter-over-quarter to $94.3B.
Based on AQR Capital Management's 13F filing for Q1 2019, filed 14 May 2019.