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 | |
|---|---|---|---|---|---|---|
|
RYZ
2001
Ryerson Holding Corp
RYZ
$1.31B
| $5.02M | ﹤0.01% |
203,819
-62,784
| -24% | -$1.66M |
|
2002
Arvinas
ARVN
$613M
| $5M | ﹤0.01% |
601,873
+316,755
| +111% | +$2.95M |
|
2003
Gray Television
GTN
$509M
| $5M | ﹤0.01% |
1,259,636
-194,505
| -13% | -$895K |
|
2004
MDU Resources
MDU
$4.2B
| $4.99M | ﹤0.01% |
235,208
+73,306
| +45% | +$1.59M |
|
|
DFSD
2005
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.19B
| $4.98M | ﹤0.01% |
104,325
+11,679
| +13% | +$559K |
|
2006
Enterprise Financial Services Corp
EFSC
$2.3B
| $4.97M | ﹤0.01% |
75,514
+25,970
| +52% | +$1.56M |
|
2007
Cedar Fair
FUN
$1.71B
| $4.97M | ﹤0.01% |
+233,304
| New | +$4.76M |
|
2008
N-able
NABL
$686M
| $4.96M | ﹤0.01% |
1,351,895
+78,424
| +6% | +$326K |
|
2009
Ormat Technologies
ORA
$6.67B
| $4.95M | ﹤0.01% |
45,446
+1,147
| +3% | +$142K |
|
|
CIM
2010
Chimera Investment
CIM
$964M
| $4.92M | ﹤0.01% |
369,053
+159,629
| +76% | +$2.14M |
|
2011
MediaAlpha
MAX
$793M
| $4.92M | ﹤0.01% |
391,641
-90,310
| -19% | -$852K |
|
2012
NWPX Infrastructure Inc
NWPX
$1.06B
| $4.92M | ﹤0.01% |
32,827
-28,206
| -46% | -$3.09M |
|
2013
SharkNinja
SN
$25.5B
| $4.91M | ﹤0.01% |
33,328
+2,635
| +9% | +$316K |
|
2014
John B. Sanfilippo & Son
JBSS
$862M
| $4.9M | ﹤0.01% |
56,943
+8,524
| +18% | +$674K |
|
2015
Federal Signal
FSS
$7.48B
| $4.89M | ﹤0.01% |
38,043
+8,232
| +28% | +$944K |
|
2016
Varex Imaging
VREX
$780M
| $4.89M | ﹤0.01% |
468,637
-158,467
| -25% | -$1.71M |
|
2017
Phinia Inc
PHIN
$2.67B
| $4.89M | ﹤0.01% |
59,326
-12,108
| -17% | -$927K |
|
2018
Dream Finders Homes
DFH
$1.35B
| $4.88M | ﹤0.01% |
282,895
+232,716
| +464% | +$3.42M |
|
2019
Rigel Pharmaceuticals
RIGL
$857M
| $4.88M | ﹤0.01% |
124,801
+33,793
| +37% | +$1.04M |
|
|
NPKI
2020
NPK International
NPKI
$1.16B
| $4.87M | ﹤0.01% |
306,058
+64,743
| +27% | +$977K |
|
2021
Piper Sandler
PIPR
$5.3B
| $4.87M | ﹤0.01% |
67,312
+18,945
| +39% | +$1.54M |
|
2022
Cricut
CRCT
$1.17B
| $4.86M | ﹤0.01% |
1,106,836
+370,135
| +50% | +$1.58M |
|
2023
ePlus
PLUS
$2.27B
| $4.86M | ﹤0.01% |
58,366
-5,129
| -8% | -$427K |
|
2024
Benchmark Electronics
BHE
$2.61B
| $4.85M | ﹤0.01% |
49,122
-10,977
| -18% | -$876K |
|
2025
Nike
NKE
$60.5B
| $4.84M | ﹤0.01% |
117,958
-847,686
| -88% | -$37.3M |
|
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.