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 | |
|---|---|---|---|---|---|---|
2101
Evolent Health
EVH
$536M
| $4.3M | ﹤0.01% |
792,768
+618,762
| +356% | +$2.37M |
|
2102
DXP Enterprises
DXPE
$2.95B
| $4.28M | ﹤0.01% |
25,344
+3,329
| +15% | +$525K |
|
2103
Goosehead Insurance
GSHD
$2.58B
| $4.27M | ﹤0.01% |
87,985
+70,958
| +417% | +$2.93M |
|
2104
Palomar
PLMR
$3.42B
| $4.25M | ﹤0.01% |
33,650
+12,513
| +59% | +$1.47M |
|
|
ALX
2105
Alexander's
ALX
$1.35B
| $4.24M | ﹤0.01% |
15,397
+1,143
| +8% | +$285K |
|
2106
Gentherm
THRM
$1.24B
| $4.23M | ﹤0.01% |
124,102
+11,341
| +10% | +$365K |
|
2107
Hyster-Yale Materials Handling
HY
$622M
| $4.23M | ﹤0.01% |
120,640
+12,440
| +11% | +$452K |
|
2108
Crane NXT
CXT
$2.89B
| $4.22M | ﹤0.01% |
85,269
+10,097
| +13% | +$431K |
|
2109
Amphastar Pharmaceuticals
AMPH
$919M
| $4.21M | ﹤0.01% |
208,651
+129,873
| +165% | +$2.62M |
|
2110
Navigator Holdings
NVGS
$1.36B
| $4.21M | ﹤0.01% |
225,862
+75,667
| +50% | +$1.64M |
|
|
RPC
2111
Ridgepost Capital
RPC
$966M
| $4.21M | ﹤0.01% |
534,491
+329,771
| +161% | +$2.63M |
|
2112
First Trust Dorsey Wright Focus 5 ETF
FV
$3.84B
| $4.21M | ﹤0.01% |
55,419
-3,205
| -5% | -$221K |
|
2113
Xerox
XRX
$381M
| $4.2M | ﹤0.01% |
1,352,045
+485,818
| +56% | +$1.21M |
|
2114
Prudential
PUK
$35B
| $4.2M | ﹤0.01% |
156,522
+15,594
| +11% | +$455K |
|
2115
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $4.18M | ﹤0.01% |
50,346
+7,179
| +17% | +$600K |
|
2116
Allogene Therapeutics
ALLO
$722M
| $4.17M | ﹤0.01% |
2,006,288
-478,492
| -19% | -$1.05M |
|
2117
PTC
PTC
$16.8B
| $4.17M | ﹤0.01% |
36,709
+15,374
| +72% | +$2.08M |
|
2118
GMO US Quality ETF
QLTY
$5.06B
| $4.16M | ﹤0.01% |
100,012
+87,609
| +706% | +$3.51M |
|
2119
iShares MSCI Intl Quality Factor ETF
IQLT
$14.3B
| $4.16M | ﹤0.01% |
83,960
-3,117
| -4% | -$152K |
|
2120
Miller Industries
MLR
$649M
| $4.16M | ﹤0.01% |
81,309
+39,167
| +93% | +$1.88M |
|
2121
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.84B
| $4.15M | ﹤0.01% |
60,518
+4,734
| +8% | +$314K |
|
2122
Global Industrial
GIC
$1.5B
| $4.15M | ﹤0.01% |
123,938
+1,625
| +1% | +$51.6K |
|
2123
Ryan Specialty Holdings
RYAN
$11.1B
| $4.15M | ﹤0.01% |
109,779
+81,435
| +287% | +$2.76M |
|
2124
SI-BONE Inc
SIBN
$895M
| $4.14M | ﹤0.01% |
253,848
+196,147
| +340% | +$2.8M |
|
2125
Quanex
NX
$931M
| $4.14M | ﹤0.01% |
222,333
-88,463
| -28% | -$1.63M |
|
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.