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 |
Progressive
PGR
|
+$210M |
| 2 |
Eli Lilly
LLY
|
+$183M |
| 3 |
Delta Air Lines
DAL
|
+$160M |
| 4 |
Airbnb
ABNB
|
+$152M |
| 5 |
CME Group
CME
|
+$144M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 2 |
Cisco
CSCO
|
+$172M |
| 3 |
AGCO
AGCO
|
+$132M |
| 4 |
DraftKings
DKNG
|
+$131M |
| 5 |
PACCAR
PCAR
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.71% |
| 2 | Financials | 14.78% |
| 3 | Healthcare | 14.06% |
| 4 | Industrials | 12.52% |
| 5 | Consumer Discretionary | 11.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Pearson
PSO
$10B
| $766K | ﹤0.01% |
56,444
+38,933
| +222% | +$522K |
|
1977
Regal Rexnord
RRX
$10.8B
| $766K | ﹤0.01% |
4,632
-15,411
| -77% | -$2.38M |
|
1978
Winnebago Industries
WGO
$909M
| $762K | ﹤0.01% |
13,120
-12,969
| -50% | -$743K |
|
1979
Kosmos Energy
KOS
$1.7B
| $759K | ﹤0.01% |
188,326
-117,278
| -38% | -$571K |
|
1980
FT Vest Fund of Buffer ETFs
BUFR
$10.4B
| $759K | ﹤0.01% |
+25,381
| New | +$742K |
|
1981
Anika Therapeutics
ANIK
$286M
| $758K | ﹤0.01% |
30,692
-76,681
| -71% | -$1.99M |
|
1982
Repay Holdings
RPAY
$318M
| $756K | ﹤0.01% |
92,626
+41,614
| +82% | +$367K |
|
1983
Lattice Semiconductor
LSCC
$16.2B
| $755K | ﹤0.01% |
14,220
-13,352
| -48% | -$684K |
|
1984
Gorman-Rupp
GRC
$2.06B
| $752K | ﹤0.01% |
19,314
+3,163
| +20% | +$121K |
|
|
CFLT
1985
DELISTED
Confluent
CFLT
| $751K | ﹤0.01% |
38,020
+13,580
| +56% | +$304K |
|
1986
Kadant
KAI
$3.69B
| $749K | ﹤0.01% |
2,215
-320
| -13% | -$102K |
|
1987
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $748K | ﹤0.01% |
5,838
+903
| +18% | +$111K |
|
1988
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$9.35B
| $748K | ﹤0.01% |
26,584
+8,055
| +43% | +$216K |
|
1989
Elastic
ESTC
$8.65B
| $748K | ﹤0.01% |
9,751
-52,226
| -84% | -$5.15M |
|
1990
S&T Bancorp
STBA
$1.77B
| $747K | ﹤0.01% |
17,807
-16,473
| -48% | -$668K |
|
1991
Marten Transport
MRTN
$1.2B
| $747K | ﹤0.01% |
42,203
-7,788
| -16% | -$137K |
|
|
BBT
1992
Beacon Financial Corp
BBT
$2.65B
| $747K | ﹤0.01% |
27,723
-14,507
| -34% | -$379K |
|
|
CTLT
1993
DELISTED
CATALENT, INC.
CTLT
| $746K | ﹤0.01% |
12,380
+1,705
| +16% | +$101K |
|
1994
HNI Corp
HNI
$3.54B
| $744K | ﹤0.01% |
13,827
-1,175
| -8% | -$59.6K |
|
1995
Vanguard Morningstar Mega Cap ETF
MGC
$10.2B
| $743K | ﹤0.01% |
3,594
+827
| +30% | +$165K |
|
1996
Tenable Holdings
TENB
$3.74B
| $742K | ﹤0.01% |
18,318
-26,526
| -59% | -$1.11M |
|
1997
Cavco Industries
CVCO
$4.48B
| $742K | ﹤0.01% |
1,733
+415
| +31% | +$164K |
|
1998
Allient
ALNT
$1.58B
| $740K | ﹤0.01% |
38,984
-15,492
| -28% | -$355K |
|
1999
Great Southern Bancorp
GSBC
$857M
| $735K | ﹤0.01% |
12,831
-4,198
| -25% | -$244K |
|
|
ROIC
2000
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $734K | ﹤0.01% |
46,679
-168,860
| -78% | -$2.47M |
|
Similar funds
Cliff Asness's Q3 2024 Portfolio in Review
As of Q3 2024, Cliff Asness held 2,920 positions worth $72.4B, up 11% from $65.2B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Cliff Asness deployed $2.92B of net new capital in Q3 2024, opening 326 new positions and adding to 1,272 existing holdings. Its largest new stake was Amentum Holdings: 639,326 shares worth $15.3M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- Cliff Asness's largest Q3 2024 buy was Amentum Holdings: 639,326 shares worth $15.3M.
- Cliff Asness added most to Progressive in Q3 2024, an estimated $210M increase.
- Cliff Asness's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- Cliff Asness fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $33.3M.
- Cliff Asness's ten largest holdings make up 14% of its $72.4B portfolio in Q3 2024.
- Cliff Asness opened 326 new positions and closed 169 in Q3 2024.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $72.4B.
Based on AQR Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.